{ "reviewDate": "2026-10-21", "generatedAt": "2026-10-21T15:35:57.282849+00:00", "scope": "Every registered company page and embedded issuer, plus portfolio investment disclosures identified in the fund batches.", "snapshot": { "siteVersion": 62, "sourceCommit": "ff8ef0217dac6a3f42e05f2b1470a713914ecad8", "companyDataRevision": 85, "altiusDataRevision": 4, "postCorrectionCompanyDataRevision": 108 }, "assurance": "Document-by-document research record, not an independent audit opinion. Status applies only to the listed fields and claims at the recorded snapshot. Filing-scan success and arithmetic consistency do not certify financial accuracy. Later live updates require their own evidence.", "definitions": { "verified": "Listed observation compared with the cited primary document.", "calculated": "Arithmetic checked using the stated inputs; underlying source checks are separate.", "mismatch": "Published observation differs from the cited evidence; see correction record.", "not_verified": "No completed primary-source verification for this observation.", "partial": "Coverage has explicit exceptions; consult individual checks.", "blocked": "Required original information could not be accessed.", "in_progress": "Research batch has not finished." }, "countingBasis": "Counts are evidence checks, not unique financial facts. A field can appear more than once when checking separate documents, periods or duplicated displays. Null disclosure gaps and vendor market observations are not certified as financial figures.", "progress": { "batchesCompleted": 6, "companiesReviewed": 36, "companiesInScope": 36, "status": "research_complete_with_explicit_exceptions" }, "companies": [ { "id": "altius", "status": "partial", "periodsReviewed": [ "2021", "2022", "2023", "2024", "2025", "Q1 2026", "Q2 2026", "H1 2026", "FY2021–FY2022", "FY2023–FY2025", "Q1/Q2/H1 2026", "30 June 2026", "6 October 2026", "31 December 2020", "FY2023 original reporting", "Q3 2026 /30September2026" ], "summary": "Completed source review: 108 source checks, 63 arithmetic checks, 0 unverified checks. 0 dated field or wording changes applied. 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FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "per common share", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/0/fcf", "value": 47.29, "status": "calculated", "sourceValue": 47.29, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/0/net", "value": -15.152000000000001, "status": "calculated", "sourceValue": -15.152000000000001, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/ye-2022-fs-march-7-final-1678236862.pdf", "locator": "PDF pp.6–10; balance sheet, income, cash flow and equity statements", "period": "2022", "currency": "CAD", "units": "CAD million; shares million", "accountingBasis": "IFRS; debt carrying amount; common equity excludes non-controlling and preferred", "statementStatus": "Audited annual statements", "checks": [ { "file": "companies/altius.json", "path": "/tracker/annual/1/equity", "value": 486.193, "status": "verified", "sourceValue": 486.193, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. 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Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/1/cash", "value": 82.385, "status": "verified", "sourceValue": 82.385, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/1/debt", "value": 120.873, "status": "verified", "sourceValue": 120.873, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/ye-2022-fs-march-7-final-1678236862.pdf", "locator": "PDF pp.6–10; calculations from independently matched inputs", "period": "2022", "currency": "CAD", "units": "Millions unless percent or per-share", "accountingBasis": "Calculated: BV=common equity/end shares; simple FCF=OCF−PPE; net=cash−debt", "statementStatus": "Final reported", "checks": [ { "file": "companies/altius.json", "path": "/tracker/annual/1/bv", "value": 10.20878590591093, "status": "calculated", "sourceValue": 10.20878590591093, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "per common share", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/1/fcf", "value": 74.23100000000001, "status": "calculated", "sourceValue": 74.23100000000001, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/1/net", "value": -38.488, "status": "calculated", "sourceValue": -38.488, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/FS-2023-Q4.pdf", "locator": "PDF pp.6–10; balance sheet, income, cash flow and equity statements", "period": "2023", "currency": "CAD", "units": "CAD million; shares million", "accountingBasis": "IFRS; debt carrying amount; common equity excludes non-controlling and preferred", "statementStatus": "Audited annual statements", "checks": [ { "file": "companies/altius.json", "path": "/tracker/annual/2/equity", "value": 488.727, "status": "verified", "sourceValue": 488.727, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/2/shares", "value": 47.080737, "status": "verified", "sourceValue": 47.080737, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million shares", "currency": null }, { "file": "companies/altius.json", "path": "/tracker/annual/2/ifrs", "value": 68.957, "status": "verified", "sourceValue": 68.957, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/2/ocf", "value": 36.506, "status": "verified", "sourceValue": 36.506, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/2/ppe", "value": 0.009, "status": "verified", "sourceValue": 0.009, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/2/cash", "value": 130.422, "status": "verified", "sourceValue": 130.422, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/2/debt", "value": 112.173, "status": "verified", "sourceValue": 112.173, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/FS-2023-Q4.pdf", "locator": "PDF pp.6–10; calculations from independently matched inputs", "period": "2023", "currency": "CAD", "units": "Millions unless percent or per-share", "accountingBasis": "Calculated: BV=common equity/end shares; simple FCF=OCF−PPE; net=cash−debt", "statementStatus": "Final reported", "checks": [ { "file": "companies/altius.json", "path": "/tracker/annual/2/bv", "value": 10.380614899889949, "status": "calculated", "sourceValue": 10.380614899889949, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "per common share", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/2/fcf", "value": 36.497, "status": "calculated", "sourceValue": 36.497, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/2/net", "value": 18.248999999999995, "status": "calculated", "sourceValue": 18.248999999999995, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q4%202025.pdf", "locator": "PDF pp.6–10; balance sheet, income, cash flow and equity statements", "period": "2024", "currency": "CAD", "units": "CAD million; shares million", "accountingBasis": "IFRS; debt carrying amount; common equity excludes non-controlling and preferred", "statementStatus": "Audited annual statements", "checks": [ { "file": "companies/altius.json", "path": "/tracker/annual/3/equity", "value": 561.177, "status": "verified", "sourceValue": 561.177, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/3/shares", "value": 46.290608, "status": "verified", "sourceValue": 46.290608, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million shares", "currency": null }, { "file": "companies/altius.json", "path": "/tracker/annual/3/ifrs", "value": 58.171, "status": "verified", "sourceValue": 58.171, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/3/ocf", "value": 27.954, "status": "verified", "sourceValue": 27.954, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/3/ppe", "value": 0.048, "status": "verified", "sourceValue": 0.048, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/3/cash", "value": 15.908, "status": "verified", "sourceValue": 15.908, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/3/debt", "value": 107.381, "status": "verified", "sourceValue": 107.381, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q4%202025.pdf", "locator": "PDF pp.6–10; calculations from independently matched inputs", "period": "2024", "currency": "CAD", "units": "Millions unless percent or per-share", "accountingBasis": "Calculated: BV=common equity/end shares; simple FCF=OCF−PPE; net=cash−debt", "statementStatus": "Final reported", "checks": [ { "file": "companies/altius.json", "path": "/tracker/annual/3/bv", "value": 12.12291270834032, "status": "calculated", "sourceValue": 12.12291270834032, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "per common share", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/3/fcf", "value": 27.906000000000002, "status": "calculated", "sourceValue": 27.906000000000002, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/3/net", "value": -91.473, "status": "calculated", "sourceValue": -91.473, "notes": "All three recomputed and match. FCF excludes financing-classified lease payments, acquisitions and investing cash flows; it is a defined proxy, not issuer free cash flow.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q4%202025.pdf", "locator": "PDF pp.6–10; balance sheet, income, cash flow and equity statements", "period": "2025", "currency": "CAD", "units": "CAD million; shares million", "accountingBasis": "IFRS; debt carrying amount; common equity excludes non-controlling and preferred", "statementStatus": "Audited annual statements", "checks": [ { "file": "companies/altius.json", "path": "/tracker/annual/4/equity", "value": 886.09, "status": "verified", "sourceValue": 886.09, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/4/shares", "value": 46.285577, "status": "verified", "sourceValue": 46.285577, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million shares", "currency": null }, { "file": "companies/altius.json", "path": "/tracker/annual/4/ifrs", "value": 53.747, "status": "verified", "sourceValue": 53.747, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/4/ocf", "value": 26.116, "status": "verified", "sourceValue": 26.116, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/4/ppe", "value": 0.016, "status": "verified", "sourceValue": 0.016, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/4/cash", "value": 294.125, "status": "verified", "sourceValue": 294.125, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/4/debt", "value": 88.412, "status": "verified", "sourceValue": 88.412, "notes": "Debt=current+noncurrent.2021 common equity433.486−57.061 preferred=376.425;2021 OCF47.299 is FY2022 comparative, not original47.773. Cash is consolidated; capex is PPE only, excluding royalty purchases/exploration/leases.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q4%202025.pdf", "locator": "PDF pp.6–10; calculations from independently matched inputs", "period": "2025", "currency": "CAD", "units": "Millions unless percent or per-share", "accountingBasis": "Calculated: BV=common equity/end shares; simple FCF=OCF−PPE; net=cash−debt", "statementStatus": "Final reported", "checks": [ { "file": "companies/altius.json", "path": "/tracker/annual/4/bv", "value": 19.143976535066205, "status": "calculated", "sourceValue": 19.143976535066205, "notes": "All three recomputed and match. 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Do not infer economic-scope comparability to later recasts.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20MDA%20Q4%202025.pdf", "locator": "PDFp10 selected annual information; PDFp29 reconciliation", "period": "FY2023–FY2025", "currency": "CAD", "units": "CAD million", "accountingBasis": "Issuer non-GAAP attributable royalty revenue, FY2025 comparative series", "statementStatus": "Final reported", "checks": [ { "file": "companies/altius.json", "path": "/tracker/annual/2/royalty", "value": 69.365, "status": "verified", "sourceValue": 69.365, "notes": "69.365,63.985,69.914 match later published comparative series.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/3/royalty", "value": 63.985, "status": "verified", "sourceValue": 63.985, "notes": "69.365,63.985,69.914 match later published comparative series.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/annual/4/royalty", "value": 69.914, "status": "verified", "sourceValue": 69.914, "notes": "69.365,63.985,69.914 match later published comparative series.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20MDA%20Q2%202026.pdf", "locator": "PDFpp11,22,26 quarterly history and reconciliation", "period": "Q1/Q2/H1 2026", "currency": "CAD", "units": "CAD million", "accountingBasis": "Issuer non-GAAP attributable royalty revenue", "statementStatus": "Unaudited MD&A", "checks": [ { "file": "companies/altius.json", "path": "/tracker/interim/0/royalty", "value": 26.768, "status": "verified", "sourceValue": 26.768, "notes": "26.768,29.997,56.765 matched individually;Q1+Q2=H1.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/interim/1/royalty", "value": 29.997, "status": "verified", "sourceValue": 29.997, "notes": "26.768,29.997,56.765 matched individually;Q1+Q2=H1.", "unit": "million", "currency": "CAD" }, { "file": "companies/altius.json", "path": "/tracker/interim/2/royalty", "value": 56.765, "status": "verified", "sourceValue": 56.765, "notes": "26.768,29.997,56.765 matched individually;Q1+Q2=H1.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q2%202026.pdf", "locator": "PDFpp2,6", "period": "30 June 2026", "currency": "CAD", "units": "Millions unless percent or per-share", "accountingBasis": "Matched repeats of independently checked June balances/calculations", "statementStatus": "Final reported", "checks": [ { "file": "companies/altius.json", "path": "/tracker/latestPoints/bv/value", "value": 23.95540162537925, "status": "verified", "sourceValue": 23.95540162537925, "notes": "Latest points repeat datedJune observations; 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not market value." }, { "file": "altius-portfolio.js", "path": "inline potash/Esterhazy", "value": 30.919, "sourceValue": 30.919, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Royalty net carrying value at30June; not market value." }, { "file": "altius-portfolio.js", "path": "inline potash/Cory", "value": 18.819, "sourceValue": 18.819, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Royalty net carrying value at30June; not market value." }, { "file": "altius-portfolio.js", "path": "inline potash/Allan", "value": 4.897, "sourceValue": 4.897, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Royalty net carrying value at30June; not market value." }, { "file": "altius-portfolio.js", "path": "inline potash/Patience Lake", "value": 3.672, "sourceValue": 3.672, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Royalty net carrying value at30June; not market value." }, { "file": "altius-portfolio.js", "path": "inline potash/Vanscoy", "value": 5.067, "sourceValue": 5.067, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Royalty net carrying value at30June; not market value." }, { "file": "altius-portfolio.js", "path": "inline potash/Other", "value": 6.582, "sourceValue": 6.582, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Royalty net carrying value at30June; not market value." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Portfolio carrying values", "value": 1296.271, "sourceValue": 1296.271, "status": "calculated", "currency": "CAD", "unit": "million", "notes": "Otherassets=11.143receivable+.961tax+12.184deferredtax+.025PPE. Portfolio sum and balance sheet bridge independently recomputed. All13weights use common equity1335.471 as denominator." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Cash", "value": 143.453, "sourceValue": 143.453, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Otherassets=11.143receivable+.961tax+12.184deferredtax+.025PPE. Portfolio sum and balance sheet bridge independently recomputed. All13weights use common equity1335.471 as denominator." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Exploration", "value": 8.332, "sourceValue": 8.332, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Otherassets=11.143receivable+.961tax+12.184deferredtax+.025PPE. Portfolio sum and balance sheet bridge independently recomputed. All13weights use common equity1335.471 as denominator." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Other assets", "value": 24.313, "sourceValue": 24.313, "status": "calculated", "currency": "CAD", "unit": "million", "notes": "Otherassets=11.143receivable+.961tax+12.184deferredtax+.025PPE. Portfolio sum and balance sheet bridge independently recomputed. All13weights use common equity1335.471 as denominator." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Total assets", "value": 1472.369, "sourceValue": 1472.369, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Otherassets=11.143receivable+.961tax+12.184deferredtax+.025PPE. Portfolio sum and balance sheet bridge independently recomputed. All13weights use common equity1335.471 as denominator." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Liabilities", "value": -127.185, "sourceValue": -127.185, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Otherassets=11.143receivable+.961tax+12.184deferredtax+.025PPE. Portfolio sum and balance sheet bridge independently recomputed. All13weights use common equity1335.471 as denominator." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Noncontrolling interests", "value": -9.713, "sourceValue": -9.713, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Otherassets=11.143receivable+.961tax+12.184deferredtax+.025PPE. Portfolio sum and balance sheet bridge independently recomputed. All13weights use common equity1335.471 as denominator." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Common equity", "value": 1335.471, "sourceValue": 1335.471, "status": "verified", "currency": "CAD", "unit": "million", "notes": "Otherassets=11.143receivable+.961tax+12.184deferredtax+.025PPE. Portfolio sum and balance sheet bridge independently recomputed. All13weights use common equity1335.471 as denominator." } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/MDA-2023-Q4.pdf", "locator": "PDFp8/printedp7 Results of operations", "period": "FY2023 original reporting", "currency": "CAD", "units": "million", "accountingBasis": "Original company nonGAAP attributable royalty revenue", "statementStatus": "Final reported", "checks": [ { "file": "companies/altius.json", "path": "/tracker/annual/2/royaltyOriginal", "value": 73.873, "status": "verified", "sourceValue": 73.873, "notes": "Original73.873 includes later discontinued coal/other perimeter; recast69.365 fromFY2025MDA shown separately.", "unit": "million", "currency": "CAD" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/press-releases/nr-20261020.pdf", "locator": "PDFp1", "period": "Q3 2026 /30September2026", "currency": "CAD", "units": "Per check", "accountingBasis": "NonGAAP attributable royalty revenue preliminary", "statementStatus": "Preliminary", "checks": [ { "file": "companies/altius.json", "path": "/releases/0/metrics/0/value", "value": 33.202, "sourceValue": 33.202, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": ";preliminary revenue distinguished from final IFRS revenue" }, { "file": "companies/altius.json", "path": "/releases/0/metrics/1/value", "value": 21.406, "sourceValue": 21.406, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": ";preliminary revenue distinguished from final IFRS revenue" }, { "file": "companies/altius.json", "path": "/releases/0/metrics/2/value", "value": 29.997, "sourceValue": 29.997, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": ";preliminary revenue distinguished from final IFRS revenue" }, { "file": "companies/altius.json", "path": "/releases/0/metrics/3/value", "value": 8.45, "sourceValue": 8.45, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": ";preliminary revenue distinguished from final IFRS revenue" }, { "file": "companies/altius.json", "path": "/releases/0/metrics/4/value", "value": 4.566, "sourceValue": 4.566, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": ";preliminary revenue distinguished from final IFRS revenue" }, { "file": "companies/altius.json", "path": "/releases/0/metrics/5/value", "value": 4.244, "sourceValue": 4.244, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": ";preliminary revenue distinguished from final IFRS revenue" }, { "file": "companies/altius.json", "path": "/releases/0/metrics/6/value", "value": 1.563, "sourceValue": 1.563, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": ";preliminary revenue distinguished from final IFRS revenue" }, { "file": "companies/altius.json", "path": "/releases/0/metrics/7/value", "value": 13.238, "sourceValue": 13.238, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": ";preliminary revenue distinguished from final IFRS revenue" }, { "file": "companies/altius.json", "path": "/releases/0/metrics/8/value", "value": 1.141, "sourceValue": 1.141, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": ";preliminary revenue distinguished from final IFRS revenue" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/press-releases/nr-20261019.pdf", "locator": "PDFp1", "period": "Q3 2026 /30September2026", "currency": "CAD", "units": "Per check", "accountingBasis": "Junior equity portfolio market value; not total investments", "statementStatus": "Final portfolio observation", "checks": [ { "file": "companies/altius.json", "path": "/releases/1/metrics/0/value", "value": 97.6, "sourceValue": 97.6, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": "Reported portfolio observation" }, { "file": "companies/altius.json", "path": "/releases/1/metrics/1/value", "value": 80.4, "sourceValue": 80.4, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": "Reported portfolio observation" }, { "file": "companies/altius.json", "path": "/releases/1/metrics/2/value", "value": 5, "sourceValue": 5, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": "Reported portfolio observation" }, { "file": "companies/altius.json", "path": "/releases/1/metrics/3/value", "value": 17.2, "sourceValue": 17.2, "status": "calculated", "currency": "CAD", "unit": "CAD million", "notes": "97.6 − 80.4; includes new investment." }, { "file": "companies/altius.json", "path": "/releases/1/metrics/4/value", "value": 12.2, "sourceValue": 12.2, "status": "calculated", "currency": "CAD", "unit": "CAD million", "notes": "97.6 − 80.4 − 5.0. Approximate residual, not a time-weighted or realised return." }, { "file": "companies/altius.json", "path": "/releases/1/metrics/5/value", "value": 1.7, "sourceValue": 1.7, "status": "verified", "currency": "CAD", "unit": "CAD million", "notes": "Reported portfolio observation" }, { "file": "companies/altius.json", "path": "/releases/1/metrics/6/value", "value": 17, "sourceValue": 17, "status": "verified", "currency": null, "unit": "percent", "notes": "Reported portfolio observation" }, { "file": "companies/altius.json", "path": "/releases/1/metrics/7/value", "value": 5, "sourceValue": 5, "status": "verified", "currency": null, "unit": "percent", "notes": "Reported portfolio observation" } ] }, { "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q2%202026.pdf", "locator": "Same balance sheet and asset-note rows as 28 carrying-value checks", "period": "30 June 2026", "currency": null, "units": "Exact unit and currency supplied on each check", "accountingBasis": "Calculated book-value weight", "statementStatus": "Final reported unaudited inputs", "checks": [ { "file": "altius-portfolio.js", "path": "inline rows[0].weight / displayed percentage", "value": 44.59, "sourceValue": 44.59, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[1].weight / displayed percentage", "value": 19.03, "sourceValue": 19.03, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[2].weight / displayed percentage", "value": 10.88, "sourceValue": 10.88, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[3].weight / displayed percentage", "value": 9.86, "sourceValue": 9.86, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[4].weight / displayed percentage", "value": 4.78, "sourceValue": 4.78, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[5].weight / displayed percentage", "value": 2.74, "sourceValue": 2.74, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[6].weight / displayed percentage", "value": 2.47, "sourceValue": 2.47, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[7].weight / displayed percentage", "value": 1.01, "sourceValue": 1.01, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[8].weight / displayed percentage", "value": 0.77, "sourceValue": 0.77, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[9].weight / displayed percentage", "value": 0.53, "sourceValue": 0.53, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[10].weight / displayed percentage", "value": 0.3, "sourceValue": 0.3, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[11].weight / displayed percentage", "value": 0.07, "sourceValue": 0.07, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline rows[12].weight / displayed percentage", "value": 0.02, "sourceValue": 0.02, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline potash/Rocanville / displayed percentage", "value": 4.62, "sourceValue": 4.62, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline potash/Esterhazy / displayed percentage", "value": 2.32, "sourceValue": 2.32, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline potash/Cory / displayed percentage", "value": 1.41, "sourceValue": 1.41, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline potash/Allan / displayed percentage", "value": 0.37, "sourceValue": 0.37, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline potash/Patience Lake / displayed percentage", "value": 0.27, "sourceValue": 0.27, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline potash/Vanscoy / displayed percentage", "value": 0.38, "sourceValue": 0.38, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline potash/Other / displayed percentage", "value": 0.49, "sourceValue": 0.49, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Portfolio carrying values / displayed percentage", "value": 97.06, "sourceValue": 97.06, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Cash / displayed percentage", "value": 10.74, "sourceValue": 10.74, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Exploration / displayed percentage", "value": 0.62, "sourceValue": 0.62, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Other assets / displayed percentage", "value": 1.82, "sourceValue": 1.82, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Total assets / displayed percentage", "value": 110.25, "sourceValue": 110.25, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Liabilities / displayed percentage", "value": -9.52, "sourceValue": -9.52, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Noncontrolling interests / displayed percentage", "value": -0.73, "sourceValue": -0.73, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." }, { "file": "altius-portfolio.js", "path": "inline equity bridge/Common equity / displayed percentage", "value": 100.0, "sourceValue": 100.0, "status": "calculated", "unit": "percent", "currency": null, "notes": "Carrying value divided by CAD1,335.471m common book equity; not operator ownership, market NAV or royalty-income contribution." } ] } ], "claims": [ { "file": "companies/altius.json", "pathOrText": "/tracker/events/5", "claim": "LRC completed March6 2026 for9.630177m shares plusCAD140.040m cash", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q2%202026.pdf", "locator": "PDFpp8–9 Note4", "notes": "Asset acquisition under IFRS3 concentration test, not business combination;140.040 gross cash less2.618 acquired cash=137.422 net cash outflow." }, { "file": "altius-portfolio.js", "pathOrText": "inline ownership/operator labels", "claim": "LRC operating royalties Goulamina,Grota do Cirilo,Tres Quebradas,Mariana; ARR57%⇒effectiveGBR~29%; LIORC indirectIOC; ChapadaLundin; potashNutrien/Mosaic; CuripambaSilvercorp; GunnisonGunnisonCopper; VoiseyVale", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20MDA%20Q2%202026.pdf", "locator": "PDFpp32–34/printedpp31–33;FSpp7,10", "notes": "All13rowasset descriptions checked to issuer notes/operatorappendix; these fund-reported portfolio disclosures do not verify operator financial statements." }, { "file": "altius-portfolio.js", "pathOrText": "ARR subsequent event", "claim": "30July2026 ARR remaining interest acquisitionUSD167.4m increased effectiveGBR29%→50%,afterJune balances", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q2%202026.pdf", "locator": "PDFp24/printedp23 subsequentevents", "notes": "July21equity3msharesCAD60.50gross181.5net174.1;Julycreditcapacity225→350m,100mdraw;all afterJune. Juneweights intentionally unchanged." }, { "file": "companies/altius.json", "pathOrText": "/releases/0/notes/0", "claim": "Electricity includes C$9.0m of interest and investment income, mainly from interconnection-deposit financing; it is not all generation royalty income. Increased ownership also affects comparison.", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/press-releases/nr-20261020.pdf", "locator": "PDFp1;Q2FS subsequent eventPDFp24", "notes": "Amounts and transactions matched; values not substituted forJuneaccounts." }, { "file": "companies/altius.json", "pathOrText": "/releases/0/notes/1", "claim": "The release’s electricity footnote says 29% effective ownership, while its text describes increased ownership for two months. This inconsistency is flagged for reconciliation in full accounts.", "verdict": "verified_with_source_conflict", "sourceUrl": "https://altiusminerals.com/_resources/press-releases/nr-20261020.pdf", "locator": "PDFp1;Q2FS subsequent eventPDFp24", "notes": "29%footnote remains inconsistent with increased effectiveGBR50%afterJuly30. The published caveat is justified." }, { "file": "companies/altius.json", "pathOrText": "/releases/0/notes/2", "claim": "These figures do not update IFRS revenue, cash, debt, book equity or cash flow. Attributable and IFRS revenue must not be added together.", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/press-releases/nr-20261020.pdf", "locator": "PDFp1;Q2FS subsequent eventPDFp24", "notes": "Amounts and transactions matched; values not substituted forJuneaccounts." }, { "file": "companies/altius.json", "pathOrText": "/releases/1/notes/0", "claim": "Quarterly activity included TNR, Centauri seed financing and additional Gilpas investment.", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/press-releases/nr-20261019.pdf", "locator": "PDFp1", "notes": "Amounts and transactions matched; values not substituted forJuneaccounts." }, { "file": "companies/altius.json", "pathOrText": "/releases/1/notes/1", "claim": "The Altius–Orogen alliance had generated seven projects; five had been transferred for equity and retained royalties.", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/press-releases/nr-20261019.pdf", "locator": "PDFp1", "notes": "Amounts and transactions matched; values not substituted forJuneaccounts." }, { "file": "companies/altius.json", "pathOrText": "/releases/1/notes/2", "claim": "This market-value update does not replace the June balance-sheet carrying-value weights. New investment is not investment performance.", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/press-releases/nr-20261019.pdf", "locator": "PDFp1", "notes": "Amounts and transactions matched; values not substituted forJuneaccounts." }, { "file": "companies/altius.json", "pathOrText": "/tracker/events/0", "claim": "ARR completed its IPO; ARR added 11 renewable project royalties, including six operating-stage projects. Consolidated group cash included cash attributable to a partly owned subsidiary; it was not all freely available parent cash. [S7]", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/financials/ye-2021-mda-march-9-final-1646872014.pdf", "locator": "PDF p.7 / printed p.6; IPO and 11 new royalties, six operating", "notes": "Historical transaction; year-specific accounting perimeter. Coal statement is a dated management statement, not a current forecast." }, { "file": "companies/altius.json", "pathOrText": "/tracker/events/1", "claim": "Fairfax exercised 6.67m warrants, surrendering C$100m face-value preferred securities rather than paying cash; C$57.061m preferred carrying value was removed and a C$30m deferred tax liability reversed through equity. Share count and common book value changed through a financing transaction; do not describe the share increase as an ordinary cash-funded equity raise. [S1, note 13]", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/financials/ye-2022-fs-march-7-final-1678236862.pdf", "locator": "Note 13, printed p.29; statement of changes in equity", "notes": "Historical transaction; year-specific accounting perimeter. Coal statement is a dated management statement, not a current forecast." }, { "file": "companies/altius.json", "pathOrText": "/tracker/events/2", "claim": "Coal mining diminished as Genesee converted to gas; Altius expected no further coal royalty revenue after 2023. A lost income source must be separated from commodity-price effects when assessing later royalty growth. [S5, p.17]", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/financials/MDA-2023-Q4.pdf", "locator": "PDF p.17 / printed p.16, coal royalties", "notes": "Historical transaction; year-specific accounting perimeter. Coal statement is a dated management statement, not a current forecast." }, { "file": "companies/altius.json", "pathOrText": "/tracker/events/3", "claim": "ARR was taken private with Northampton; Altius retained 57%, and ARR was deconsolidated. Consolidated cash and costs changed perimeter. FY2024 included an C$87.146m deconsolidation gain, which is not recurring royalty income. [S3, S6]", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q4%202025.pdf", "locator": "Printed p.18, ARR joint venture", "notes": "Historical transaction; year-specific accounting perimeter. Coal statement is a dated management statement, not a current forecast." }, { "file": "companies/altius.json", "pathOrText": "/tracker/events/4", "claim": "Altius sold a 1% Arthur Gold NSR for US$275m gross, retaining a 0.5% NSR. Monetisation lifted book value and liquidity. The cash-flow statement shows C$318.052m net royalty-sale proceeds and a separate C$20.352m cash-tax payment on the sale; these are excluded from the simple FCF proxy. [S3, S6]", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q4%202025.pdf", "locator": "Printed p.21 note 7, and cash flow statement", "notes": "Historical transaction; year-specific accounting perimeter. Coal statement is a dated management statement, not a current forecast." }, { "file": "companies/altius.json", "pathOrText": "/tracker/events/6", "claim": "3m shares issued for C$174.1m net proceeds; effective GBR ownership rose from approximately 29% to 50%; Altius drew an additional C$100m on its credit facility in connection with closing. Update September balances when filed; do not add financing proceeds to June cash without also accounting for transaction spending. [S11, pp.3–4]", "verdict": "verified", "sourceUrl": "https://altiusminerals.com/_resources/financials/AMC%20FS%20Q2%202026.pdf", "locator": "PDF p.24 / printed p.23, subsequent events", "notes": "Historical transaction; year-specific accounting perimeter. Coal statement is a dated management statement, not a current forecast." } ], "corrections": [], "unresolved": [ "Issuer conflict: the 20 October 2026 preliminary Q3 electricity footnote still says 29% effective ownership, while the release body and July transaction disclosure imply 50% after 30 July. Preserve the existing reconciliation caveat; do not change preliminary totals without the final Q3 accounts.", "Q3 2026 royalties are preliminary non-GAAP figures; final Q3 statements were not yet filed in the inspected release and were scheduled for 10 November. This is a statement-status limitation, not an access failure.", "Portfolio values and operator names were verified from Altius originals. This does not audit the financial statements of each operator or supply asset-level revenue where not disclosed." ], "coverageCounts": { "numericChecks": 171, "documentedNulls": 0, "claims": 15, "corrections": 0 }, "batch": "funds", "name": "Altius Minerals", "pages": [ "index.html" ], "reviewComplete": true, "originalResearchSummary": "All 98 tracker numbers, 17 published release metrics, 13 inline portfolio carrying values, seven potash subrows, eight equity-bridge entries and all 28 displayed weights were checked or recalculated. FY2021–FY2025 and Q1/Q2/H1 2026 were reconciled to original statements, including restated OCF, common-equity share denominators and the royalty-series perimeter. Historical events, portfolio operators and the July ARR transaction were checked. The October preliminary release contains an ownership-footnote conflict.", "originalUnresolved": [ "Issuer conflict: the 20 October 2026 preliminary Q3 electricity footnote still says 29% effective ownership, while the release body and July transaction disclosure imply 50% after 30 July. Preserve the existing reconciliation caveat; do not change preliminary totals without the final Q3 accounts.", "Q3 2026 royalties are preliminary non-GAAP figures; final Q3 statements were not yet filed in the inspected release and were scheduled for 10 November. This is a statement-status limitation, not an access failure.", "Portfolio values and operator names were verified from Altius originals. This does not audit the financial statements of each operator or supply asset-level revenue where not disclosed." ], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": { "verified": 108, "calculated": 63 }, "sourceCount": 13 }, { "id": "berkshire", "status": "partial", "periodsReviewed": [ "2021", "2022", "2023", "2024", "2025", "Q1 2026", "Q2 2026", "H1 2026", "Q1/Q2/H1 2025 comparatives", "30 June 2026 / H1 2026", "30 June 2026" ], "summary": "Completed source review: 250 source checks, 102 arithmetic checks, 1 unverified checks. 0 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.berkshirehathaway.com/2023ar/2023ar.pdf", "locator": "PDFpp59,61,66,94–98,131; K35,37,42,70–74,107; FY2021 balance components also FY2022 PDFpp86–87", "period": "2021", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "US GAAP; after-tax business group earnings and approximate float separately defined", "statementStatus": "Audited annual", "checks": [ { "file": "berkshire-data.json", "path": "/annual/0/classA", "value": 617113, "status": "verified", "sourceValue": 617113, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. 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Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/0/operating", "value": 27597, "status": "calculated", "sourceValue": 27597, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/0/operatingPS", "value": 12.182654438673111, "status": "calculated", "sourceValue": 12.182654438673111, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "per Class B equivalent share", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/0/fcfPS", "value": 11.544319898022994, "status": "calculated", "sourceValue": 11.544319898022994, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "per Class B equivalent share", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/0/underwritingPretax", "value": 1111, "status": "calculated", "sourceValue": 1111, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/0/equity", "value": 501568, "status": "calculated", "sourceValue": 501568, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://www.berkshirehathaway.com/2023ar/2023ar.pdf", "locator": "PDFpp59,61,66,94–98,131; K35,37,42,70–74,107; FY2021 balance components also FY2022 PDFpp86–87", "period": "2022", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "US GAAP; after-tax business group earnings and approximate float separately defined", "statementStatus": "Audited annual", "checks": [ { "file": "berkshire-data.json", "path": "/annual/1/equity", "value": 473424, "status": "verified", "sourceValue": 473424, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. 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GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/debtInsurance", "value": 46538, "status": "verified", "sourceValue": 46538, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/debtRail", "value": 76206, "status": "verified", "sourceValue": 76206, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/equities", "value": 308793, "status": "verified", "sourceValue": 308793, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. 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GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/segments/0", "value": -30, "status": "verified", "sourceValue": -30, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/segments/1", "value": 6484, "status": "verified", "sourceValue": 6484, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/segments/2", "value": 5946, "status": "verified", "sourceValue": 5946, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/segments/3", "value": 3904, "status": "verified", "sourceValue": 3904, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/segments/4", "value": 12512, "status": "verified", "sourceValue": 12512, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/segments/5", "value": 2037, "status": "calculated", "sourceValue": 2037, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/pretax/0", "value": -1880, "status": "verified", "sourceValue": -1880, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/dividends", "value": 0, "status": "verified", "sourceValue": 0, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/operating", "value": 30853, "status": "calculated", "sourceValue": 30853, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/operatingPS", "value": 14.00299957839593, "status": "calculated", "sourceValue": 14.00299957839593, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. 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Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "per Class B equivalent share", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/1/underwritingPretax", "value": -22, "status": "calculated", "sourceValue": -22, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://www.berkshirehathaway.com/2023ar/2023ar.pdf", "locator": "PDFpp59,61,66,94–98,131; K35,37,42,70–74,107; FY2021 balance components also FY2022 PDFpp86–87", "period": "2023", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "US GAAP; after-tax business group earnings and approximate float separately defined", "statementStatus": "Audited annual", "checks": [ { "file": "berkshire-data.json", "path": "/annual/2/equity", "value": 561273, "status": "verified", "sourceValue": 561273, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. 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GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/2/debtInsurance", "value": 42692, "status": "verified", "sourceValue": 42692, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/2/segments/3", "value": 2331, "status": "verified", "sourceValue": 2331, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/2/segments/4", "value": 13362, "status": "calculated", "sourceValue": 13362, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/2/segments/5", "value": 1575, "status": "calculated", "sourceValue": 1575, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/2/pretax/0", "value": 3635, "status": "verified", "sourceValue": 3635, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/2/pretax/1", "value": 1374, "status": "verified", "sourceValue": 1374, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/2/pretax/2", "value": 1904, "status": "verified", "sourceValue": 1904, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. 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Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/2/operating", "value": 37350, "status": "calculated", "sourceValue": 37350, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. 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Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "per Class B equivalent share", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/2/underwritingPretax", "value": 6913, "status": "calculated", "sourceValue": 6913, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://www.berkshirehathaway.com/2025ar/202510-k.pdf", "locator": "PDFpp34,36–38,43,68–72,104 (FY2025 10-K)", "period": "2024", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "US GAAP; after-tax business group earnings and approximate float separately defined", "statementStatus": "Audited annual", "checks": [ { "file": "berkshire-data.json", "path": "/annual/3/equity", "value": 649368, "status": "verified", "sourceValue": 649368, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/3/segments/5", "value": 2914, "status": "verified", "sourceValue": 2914, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/3/investmentIncome", "value": 13670, "status": "verified", "sourceValue": 13670, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/4/operating", "value": 44486, "status": "calculated", "sourceValue": 44486, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/4/operatingPS", "value": 20.620810923527078, "status": "calculated", "sourceValue": 20.620810923527078, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. 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Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "per Class B equivalent share", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/annual/4/underwritingPretax", "value": 9460, "status": "calculated", "sourceValue": 9460, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://www.berkshirehathaway.com/qtrly/1stqtr26.pdf", "locator": "PDFpp3–7,20,30–35 (Q1)", "period": "Q1 2026", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "US GAAP; after-tax business group earnings and approximate float separately defined", "statementStatus": "Final reported unaudited interim", "checks": [ { "file": "berkshire-data.json", "path": "/interim/0/equity", "value": 727181, "status": "verified", "sourceValue": 727181, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/0/segments/5", "value": 1260, "status": "verified", "sourceValue": 1260, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "per Class B equivalent share", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/0/underwritingPretax", "value": 2265, "status": "calculated", "sourceValue": 2265, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "PDFpp3–5,8,22,34–39 (Q2)", "period": "Q2 2026", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "US GAAP; after-tax business group earnings and approximate float separately defined", "statementStatus": "Final reported unaudited interim", "checks": [ { "file": "berkshire-data.json", "path": "/interim/1/equity", "value": 747910, "status": "verified", "sourceValue": 747910, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "per Class B equivalent share", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/1/underwritingPretax", "value": 2180, "status": "calculated", "sourceValue": 2180, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/1/ocf", "value": 11215, "status": "calculated", "sourceValue": 11215, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/1/capex", "value": 5645, "status": "calculated", "sourceValue": 5645, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/1/buybacks", "value": 4209, "status": "calculated", "sourceValue": 4209, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "PDFpp3–5,8,22,34–39 (Q2)", "period": "H1 2026", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "US GAAP; after-tax business group earnings and approximate float separately defined", "statementStatus": "Final reported unaudited interim", "checks": [ { "file": "berkshire-data.json", "path": "/interim/2/equity", "value": 747910, "status": "verified", "sourceValue": 747910, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. Annual2021 treasury/debt/equities from FY2022 comparative balance sheet.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/2/segments/5", "value": 2534, "status": "verified", "sourceValue": 2534, "notes": "Actual ClassA/B shares; average shares in million ClassB equivalents. GEICO ratio percent; float is reported rounded USD billion converted to million. Cash-flow buybacks differ from equity trade-date repurchases. 2021–22 revised for ASU2018-12. 2023 manufacturing includes Pilot603+12759; Other1750-175=1575; 2022 Other1528+509=2037;2021 Other804+434=1238. 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Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/2/net", "value": -87990, "status": "calculated", "sourceValue": -87990, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/2/liquid", "value": 365514, "status": "calculated", "sourceValue": 365514, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/2/fcf", "value": 11022, "status": "calculated", "sourceValue": 11022, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/2/operating", "value": 24329, "status": "calculated", "sourceValue": 24329, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/2/operatingPS", "value": 11.28475193895534, "status": "calculated", "sourceValue": 11.28475193895534, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "per Class B equivalent share", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/2/fcfPS", "value": 5.112439305814696, "status": "calculated", "sourceValue": 5.112439305814696, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "per Class B equivalent share", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/interim/2/underwritingPretax", "value": 4445, "status": "calculated", "sourceValue": 4445, "notes": "Shares=(A×1500+B)/1m; bookvalue=parent equity/actualB-equivalentshares; FCF=consolidatedOCF-PPE/equipment-for-lease purchases; cash=two groups;debt=two groups;net=cash-debt;liquid=cash+Tbills;operating=sum6groups;per-shareusesweightedaverage;pretax=sum3insurers. Q2cashflows=H1minusQ1;2021equity510299-8731. Lease liabilities and float excluded from debt; no parent-distributable-cash claim.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "Q2PDFpp5,8,34–35 prior-year columns; Q1PDFpp5,7,30–31; Q2cashflows=H1-Q1", "period": "Q1/Q2/H1 2025 comparatives", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "USGAAP interim comparisons; company operating earnings nonGAAP", "statementStatus": "Final reported", "checks": [ { "file": "berkshire-data.json", "path": "/previous/Q1 2026/revenue", "value": 89725, "status": "verified", "sourceValue": 89725, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q1 2026/ocf", "value": 10903, "status": "verified", "sourceValue": 10903, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q1 2026/capex", "value": 4281, "status": "verified", "sourceValue": 4281, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q1 2026/operating", "value": 9641, "status": "verified", "sourceValue": 9641, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q1 2026/underwriting", "value": 1336, "status": "verified", "sourceValue": 1336, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q1 2026/investmentIncome", "value": 2893, "status": "verified", "sourceValue": 2893, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q1 2026/geicoRatio", "value": 79.8, "status": "verified", "sourceValue": 79.8, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "percent", "currency": null }, { "file": "berkshire-data.json", "path": "/previous/Q1 2026/fcf", "value": 6622, "status": "calculated", "sourceValue": 6622, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q2 2026/revenue", "value": 92515, "status": "verified", "sourceValue": 92515, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q2 2026/ocf", "value": 10085, "status": "calculated", "sourceValue": 10085, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q2 2026/capex", "value": 4858, "status": "calculated", "sourceValue": 4858, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q2 2026/operating", "value": 11160, "status": "verified", "sourceValue": 11160, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q2 2026/underwriting", "value": 1992, "status": "verified", "sourceValue": 1992, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q2 2026/investmentIncome", "value": 3367, "status": "verified", "sourceValue": 3367, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/Q2 2026/geicoRatio", "value": 83.5, "status": "verified", "sourceValue": 83.5, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "percent", "currency": null }, { "file": "berkshire-data.json", "path": "/previous/Q2 2026/fcf", "value": 5227, "status": "calculated", "sourceValue": 5227, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/H1 2026/revenue", "value": 182240, "status": "verified", "sourceValue": 182240, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/H1 2026/ocf", "value": 20988, "status": "verified", "sourceValue": 20988, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/H1 2026/capex", "value": 9139, "status": "verified", "sourceValue": 9139, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/H1 2026/operating", "value": 20801, "status": "verified", "sourceValue": 20801, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/H1 2026/underwriting", "value": 3328, "status": "verified", "sourceValue": 3328, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/H1 2026/investmentIncome", "value": 6260, "status": "verified", "sourceValue": 6260, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/previous/H1 2026/geicoRatio", "value": 81.7, "status": "verified", "sourceValue": 81.7, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "percent", "currency": null }, { "file": "berkshire-data.json", "path": "/previous/H1 2026/fcf", "value": 11849, "status": "calculated", "sourceValue": 11849, "notes": "Every comparative value matched. Q2OCF20988-10903=10085;capex9139-4281=4858;FCF5227;Q1FCF6622;H1FCF11849. GEICO ratios are period specific.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "PDFpp3,10,17,21,35; equity securities, loss reserves, fair values", "period": "30 June 2026 / H1 2026", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "USGAAP fair-value equity securities and separately disclosed equity-method fair values; pre-tax insurance losses", "statementStatus": "Final reported", "checks": [ { "file": "berkshire-data.json", "path": "/portfolio/equities", "value": 323779, "status": "verified", "sourceValue": 323779, "notes": "Equity-method fair20560 is not carrying19487; concentration66% applies323779 denominator. Reserve releases1467vs240;previous catastrophe1100;significance threshold150per event. No significant events does not mean zero catastrophe losses.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/portfolio/equityMethodFair", "value": 20560, "status": "verified", "sourceValue": 20560, "notes": "Equity-method fair20560 is not carrying19487; concentration66% applies323779 denominator. Reserve releases1467vs240;previous catastrophe1100;significance threshold150per event. No significant events does not mean zero catastrophe losses.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/portfolio/concentration", "value": 66, "status": "verified", "sourceValue": 66, "notes": "Equity-method fair20560 is not carrying19487; concentration66% applies323779 denominator. Reserve releases1467vs240;previous catastrophe1100;significance threshold150per event. No significant events does not mean zero catastrophe losses.", "unit": "percent", "currency": null }, { "file": "berkshire-data.json", "path": "/insuranceLatest/priorReserveRelease", "value": 1467, "status": "verified", "sourceValue": 1467, "notes": "Equity-method fair20560 is not carrying19487; concentration66% applies323779 denominator. Reserve releases1467vs240;previous catastrophe1100;significance threshold150per event. No significant events does not mean zero catastrophe losses.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/insuranceLatest/priorReserveReleasePrevious", "value": 240, "status": "verified", "sourceValue": 240, "notes": "Equity-method fair20560 is not carrying19487; concentration66% applies323779 denominator. Reserve releases1467vs240;previous catastrophe1100;significance threshold150per event. No significant events does not mean zero catastrophe losses.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/insuranceLatest/catLossPretaxPrevious", "value": 1100, "status": "verified", "sourceValue": 1100, "notes": "Equity-method fair20560 is not carrying19487; concentration66% applies323779 denominator. Reserve releases1467vs240;previous catastrophe1100;significance threshold150per event. No significant events does not mean zero catastrophe losses.", "unit": "million", "currency": "USD" }, { "file": "berkshire-data.json", "path": "/insuranceLatest/significanceThresholdPretax", "value": 150, "status": "verified", "sourceValue": 150, "notes": "Equity-method fair20560 is not carrying19487; concentration66% applies323779 denominator. Reserve releases1467vs240;previous catastrophe1100;significance threshold150per event. No significant events does not mean zero catastrophe losses.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "PDFpp3,21;323779+20560=344339", "period": "30 June 2026", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "Calculated gross selected investment value, not NAV", "statementStatus": "Final reported", "checks": [ { "file": "berkshire-data.json", "path": "/portfolio/grossCombined", "value": 344339, "status": "calculated", "sourceValue": 344339, "notes": "", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "PDF pp.35–38, underwriting discussion", "period": "H1 2026", "currency": null, "units": "Exact unit and currency supplied on each check", "accountingBasis": "US GAAP insurance loss discussion", "statementStatus": "Final reported unaudited", "checks": [ { "file": "berkshire-data.json", "path": "/insuranceLatest/catLossPretax", "value": null, "sourceValue": null, "status": "not_verified", "unit": "million", "currency": "USD", "notes": "No significant catastrophe event above USD150m was reported. Aggregate losses below that event threshold are not quantified; null is not zero." } ] } ], "claims": [ { "file": "berkshire-data.json", "pathOrText": "/portfolio/holdings", "claim": "Alphabet, American Express, Apple, Bank of America and Coca-Cola are five largest disclosed equity holdings", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "PDFp10/printedp9, equity securities note", "notes": "Names and66% share verified; individual June carrying values not disclosed in this source. No assertion that this verifies underlying issuer earnings." }, { "file": "berkshire-data.json", "pathOrText": "/notes/2", "claim": "2021 and 2022 equity and earnings use the 2023 retrospective ASU 2018-12 presentation. Original equity was $506.199bn and $472.360bn; revised common equity is $501.568bn and $473.424bn. 2021 revised equity is total equity $510.299bn less $8.731bn noncontrolling interests.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/2023ar/2023ar.pdf", "locator": "PDFpp97,106 equity/ASU2018-12; original FY2022PDFp87", "notes": "2021restated501568=510299-8731;2022restated473424. Original506199/472360confirmed FY2022balance." }, { "file": "berkshire-data.json", "pathOrText": "/notes/4", "claim": "Cash combines Insurance & Other and Railroad/Utilities/Energy balance-sheet cash. Cash + T-bills is gross and includes unsettled T-bill purchases (June 2026 payable $0.771bn). T-bills already inside cash equivalents are not added twice. Restricted cash is excluded.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "PDFpp3–4,8", "notes": "Cash/Tbill classification and771payable confirmed. Restricted751excluded." }, { "file": "berkshire-data.json", "pathOrText": "/notes/6", "claim": "Operating earnings follow Berkshire’s non-GAAP definition: after-tax attributable earnings excluding investment gains/losses and specified impairments. Historical grouping combines Pilot with manufacturing/services/retailing and non-controlled businesses with other where necessary.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/news/feb2826.pdf", "locator": "pp1–2 GAAP/nonGAAP reconciliation", "notes": "2025operating44486excludesinvestmentgains30737andimpairment-8255;grouping follows companyearningsreconciliation." }, { "file": "berkshire-data.json", "pathOrText": "/events/0", "claim": "The acquisition added roughly $14bn of float. Part of float growth therefore came from acquisition rather than existing-policy growth.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/2022ar/2022ar.pdf", "locator": "PDFp57", "notes": "Dates and basis matched; acquisition subsequent events do not modify June operating results." }, { "file": "berkshire-data.json", "pathOrText": "/events/1", "claim": "ASU 2018-12 was adopted retrospectively. The page uses revised 2021–22 common equity and earnings and preserves original equity figures in the notes.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/2023ar/2023ar.pdf", "locator": "PDFp97, 106", "notes": "Dates and basis matched; acquisition subsequent events do not modify June operating results." }, { "file": "berkshire-data.json", "pathOrText": "/events/2", "claim": "Cash-flow repurchases were $2.918bn in 2024 and zero in 2025. The 2025 operating-earnings presentation excludes $8.255bn after-tax impairments on Kraft Heinz and Occidental equity-method investments.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/2025ar/202510-k.pdf", "locator": "PDFp36, 72", "notes": "Dates and basis matched; acquisition subsequent events do not modify June operating results." }, { "file": "berkshire-data.json", "pathOrText": "/events/3", "claim": "The closing release cited $9.7bn subject to adjustments. The later Q2 filing describes approximately $9.4bn. These are different disclosure vintages; H1 cash-flow acquisitions, net of acquired cash, totalled $9.704bn across acquisitions.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/news/jan0226.pdf", "locator": "PDFp1", "notes": "OxyChem9.7originalclosingversus9.4laterpurchaseprice;9.704H1allacquisitionscashconfirmedQ2PDFp8." }, { "file": "berkshire-data.json", "pathOrText": "/events/4", "claim": "Approximately $6.8bn equity consideration and $8.5bn enterprise value were announced. This is subsequent to the June balance sheet, not an H1 operating result.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/news/jul2426.pdf", "locator": "PDFp1", "notes": "Dates and basis matched; acquisition subsequent events do not modify June operating results." }, { "file": "berkshire-data.json", "pathOrText": "/events/5", "claim": "Howard Buffett becomes chairman; Warren Buffett becomes chairman emeritus and remains a director. Greg Abel continues as CEO.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/news/sep1826.pdf", "locator": "PDFp1", "notes": "Dates and basis matched; acquisition subsequent events do not modify June operating results." }, { "file": "berkshire-data.json", "pathOrText": "/refresher/0", "claim": "Berkshire owns operating companies and financial investments. Subsidiaries generate operating earnings; insurers also invest premiums before claims are paid. Track the earnings mix alongside GAAP profit, which moves with equity prices.", "verdict": "interpretation_supported", "sourceUrl": "https://www.berkshirehathaway.com/news/aug0826.pdf", "locator": "PDFpp2", "notes": "Operating descriptions/cautions consistent with company disclosures; causal links are interpretation, not forecast." }, { "file": "berkshire-data.json", "pathOrText": "/refresher/1", "claim": "Managers run operations locally; major allocation sits with the CEO. Businesses retain working capital and worthwhile reinvestment, while surplus can move upstream. There is no universal payout percentage. In 2025, BNSF sent $4.4bn of cash dividends to Berkshire; insurers returned $29bn, subject to capital rules.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/2025ar/2025ar.pdf", "locator": "PDFpp15–16", "notes": "BNSF4.4bndividends and insurance29bn, Ted6%, Abel/Jain22m salary/no bonus confirmed independently; CEO/chairmanSeptember18release overrides older proxy titles." }, { "file": "berkshire-data.json", "pathOrText": "/refresher/2", "claim": "Regulated utilities, grids and pipelines require large ongoing investment. Regulators allow cost recovery and returns, but actual earnings depend on approvals, execution and demand. Wildfire liabilities can overwhelm normal profits. Monitor earnings, capex and subsidiary debt together.", "verdict": "interpretation_supported", "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "PDFpp20, 41, 49–50", "notes": "Operating descriptions/cautions consistent with company disclosures; causal links are interpretation, not forecast." }, { "file": "berkshire-data.json", "pathOrText": "/refresher/3", "claim": "This is a collection of businesses, not a single shop chain: industrial parts and chemicals, building products, housing, transport and service businesses. Examples include Precision Castparts, Marmon, Lubrizol, Clayton and NetJets. An acquisition can raise revenue without improving existing-business margins.", "verdict": "interpretation_supported", "sourceUrl": "https://www.berkshirehathaway.com/2025ar/202510-k.pdf", "locator": "PDFpp17–24", "notes": "Operating descriptions/cautions consistent with company disclosures; causal links are interpretation, not forecast." }, { "file": "berkshire-data.json", "pathOrText": "/refresher/4", "claim": "Use several years of underwriting profit, float and reserve development. GEICO, Primary and Reinsurance face different risks. Growth is useful only at adequate prices. Favorable reserve releases and quiet catastrophe periods can flatter a single year; a falling premium volume can reflect discipline.", "verdict": "interpretation_supported", "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "PDFpp17, 35–38", "notes": "Operating descriptions/cautions consistent with company disclosures; causal links are interpretation, not forecast." }, { "file": "berkshire-data.json", "pathOrText": "/refresher/5", "claim": "Greg Abel is CEO; Howard Buffett became chairman on 18 September 2026, while Warren Buffett became chairman emeritus and remains a director. The 2026 proxy reports $22m salaries and no bonuses for both Abel and Jain in 2025. Subsidiary incentive arrangements vary with controllable operating results.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/meet01/2026proxystatement.pdf", "locator": "PDFpp9–10", "notes": "BNSF4.4bndividends and insurance29bn, Ted6%, Abel/Jain22m salary/no bonus confirmed independently; CEO/chairmanSeptember18release overrides older proxy titles." }, { "file": "berkshire-data.json", "pathOrText": "/refresher/6", "claim": "June equity securities were $323.779bn. Adding the separately disclosed disclosed market value of Kraft Heinz and Occidental common stock gives $344.339bn gross. That is before tax and other adjustments, excludes controlled businesses, and is not Berkshire’s NAV. Avoid counting dividends, equity-method earnings and unrealised gains twice.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/qtrly/2ndqtr26.pdf", "locator": "PDFpp10–12, 21", "notes": "Operating descriptions/cautions consistent with company disclosures; causal links are interpretation, not forecast." }, { "file": "berkshire-data.json", "pathOrText": "/refresher/7", "claim": "The 2025 letter says Ted Weschler manages about 6% of investments, including part of Todd Combs’s former portfolio. Berkshire does not provide a complete manager-by-manager record in the reviewed filings. Holdings and Berkshire-wide gains cannot establish each manager’s personal CAGR.", "verdict": "verified", "sourceUrl": "https://www.berkshirehathaway.com/2025ar/2025ar.pdf", "locator": "PDFpp20", "notes": "BNSF4.4bndividends and insurance29bn, Ted6%, Abel/Jain22m salary/no bonus confirmed independently; CEO/chairmanSeptember18release overrides older proxy titles." } ], "corrections": [], "unresolved": [ "Aggregate H1 2026 catastrophe loss is not quantified; disclosure that no event exceeded USD150m is not evidence of zero total losses. The null is justified.", "Five embedded holding names—Alphabet, American Express, Apple, Bank of America and Coca-Cola—and 66% combined concentration are fund disclosures. Their separate annual issuer scorecards are assigned to the parent’s other audit batches; this batch does not claim issuer-level verification.", "The FY2023 group cash split uses that year’s original statement classification. Later filings reallocate cash between insurance/other and railroad/utilities while preserving consolidated cash; do not mix classifications silently." ], "coverageCounts": { "numericChecks": 352, "documentedNulls": 1, "claims": 18, "corrections": 0 }, "batch": "funds", "name": "Berkshire Hathaway", "pages": [ "berkshire.html" ], "reviewComplete": true, "originalResearchSummary": "All 352 published numeric fields were verified or recalculated across FY2021–FY2025, Q1/Q2/H1 2026 and prior-year interims. Review includes ASU restatements, actual versus weighted Class B equivalents, insurance thresholds, six operating groups, June investment values and five top-holding names. All six event entries and business explanations were checked. One aggregate catastrophe-loss cell remains unavailable.", "originalUnresolved": [ "Aggregate H1 2026 catastrophe loss is not quantified; disclosure that no event exceeded USD150m is not evidence of zero total losses. The null is justified.", "Five embedded holding names—Alphabet, American Express, Apple, Bank of America and Coca-Cola—and 66% combined concentration are fund disclosures. Their separate annual issuer scorecards are assigned to the parent’s other audit batches; this batch does not claim issuer-level verification.", "The FY2023 group cash split uses that year’s original statement classification. 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Capital in USDm converted to USDbn; per-share and percent retained as reported.", "unit": "billion", "currency": "USD" } ] }, { "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/brookfield-bam-v2/events-news/2024-q4-supplemental-bam-final.pdf", "locator": "Printed p.7; Fundraising · capital raised", "period": "2024", "currency": "USD", "units": "US$bn", "accountingBasis": "Full-year reported capital raised, not quarterly fundraising or net fee-bearing inflows. 2024 includes a US$49bn American Equity Life insurance mandate, so the movement into 2025 is not a like-for-like organic comparison. Earlier figures are rounded and come from the predecessor platform.", "statementStatus": "Issuer annual supplemental disclosure", "checks": [ { "file": "bam-history.json", "path": "/metrics/4/points/3/value", "value": 136.7, "status": "verified", "sourceValue": 136.7, "notes": "Exact metric and year individually inspected. Capital in USDm converted to USDbn; per-share and percent retained as reported.", "unit": "billion", "currency": "USD" } ] }, { "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2025/Q4-25-BAM-Supplemental.pdf", "locator": "Printed p.7; Fundraising · capital raised", "period": "2025", "currency": "USD", "units": "US$bn", "accountingBasis": "Full-year reported capital raised, not quarterly fundraising or net fee-bearing inflows. 2024 includes a US$49bn American Equity Life insurance mandate, so the movement into 2025 is not a like-for-like organic comparison. Earlier figures are rounded and come from the predecessor platform.", "statementStatus": "Issuer annual supplemental disclosure", "checks": [ { "file": "bam-history.json", "path": "/metrics/4/points/4/value", "value": 111.7, "status": "verified", "sourceValue": 111.7, "notes": "Exact metric and year individually inspected. Capital in USDm converted to USDbn; per-share and percent retained as reported.", "unit": "billion", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108523000007/a2022-40xfex991aif.htm", "locator": "Printed p.5; Deployment · commitments not earning fees", "period": "2022", "currency": "USD", "units": "US$bn", "accountingBasis": "Approximate year-end uncalled commitments expected to earn fees once deployed, not total dry powder or current revenue. 2021 is left unavailable: the AIF states approximately US$40bn, while the supplement implies about US$44bn; the difference is unreconciled. Missing data is not zero.", "statementStatus": "Issuer annual supplemental disclosure", "checks": [ { "file": "bam-history.json", "path": "/metrics/5/points/1/value", "value": 41, "status": "verified", "sourceValue": 41, "notes": "Exact metric and year individually inspected. Capital in USDm converted to USDbn; per-share and percent retained as reported.", "unit": "billion", "currency": "USD" } ] }, { "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/brookfield-bam-v2/events-news/2024/2023-q4-supplemental-bam.pdf", "locator": "Printed p.9; Deployment · commitments not earning fees", "period": "2023", "currency": "USD", "units": "US$bn", "accountingBasis": "Approximate year-end uncalled commitments expected to earn fees once deployed, not total dry powder or current revenue. 2021 is left unavailable: the AIF states approximately US$40bn, while the supplement implies about US$44bn; the difference is unreconciled. Missing data is not zero.", "statementStatus": "Issuer annual supplemental disclosure", "checks": [ { "file": "bam-history.json", "path": "/metrics/5/points/2/value", "value": 47, "status": "verified", "sourceValue": 47, "notes": "Exact metric and year individually inspected. Capital in USDm converted to USDbn; per-share and percent retained as reported.", "unit": "billion", "currency": "USD" } ] }, { "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/brookfield-bam-v2/events-news/2024-q4-supplemental-bam-final.pdf", "locator": "Printed p.9; Deployment · commitments not earning fees", "period": "2024", "currency": "USD", "units": "US$bn", "accountingBasis": "Approximate year-end uncalled commitments expected to earn fees once deployed, not total dry powder or current revenue. 2021 is left unavailable: the AIF states approximately US$40bn, while the supplement implies about US$44bn; the difference is unreconciled. Missing data is not zero.", "statementStatus": "Issuer annual supplemental disclosure", "checks": [ { "file": "bam-history.json", "path": "/metrics/5/points/3/value", "value": 53, "status": "verified", "sourceValue": 53, "notes": "Exact metric and year individually inspected. Capital in USDm converted to USDbn; per-share and percent retained as reported.", "unit": "billion", "currency": "USD" } ] }, { "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2025/Q4-25-BAM-Supplemental.pdf", "locator": "Printed p.10; Deployment · commitments not earning fees", "period": "2025", "currency": "USD", "units": "US$bn", "accountingBasis": "Approximate year-end uncalled commitments expected to earn fees once deployed, not total dry powder or current revenue. 2021 is left unavailable: the AIF states approximately US$40bn, while the supplement implies about US$44bn; the difference is unreconciled. Missing data is not zero.", "statementStatus": "Issuer annual supplemental disclosure", "checks": [ { "file": "bam-history.json", "path": "/metrics/5/points/4/value", "value": 63, "status": "verified", "sourceValue": 63, "notes": "Exact metric and year individually inspected. Capital in USDm converted to USDbn; per-share and percent retained as reported.", "unit": "billion", "currency": "USD" } ] }, { "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/brookfield-bam-v2/report-fillings/annual-quarterly-reports/q2-2026-bam-10-q.pdf", "locator": "PDFp92 reconciliation of fee revenues and supplement pp4/26", "period": "Q2 2026", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "Issuer non-GAAP fee revenue/FRE", "statementStatus": "Unaudited 10-Q / supplement", "checks": [ { "file": "bam-vehicle-mix.json", "path": "/fee_revenue_total", "value": 1494, "status": "verified", "sourceValue": 1494, "notes": "1494 revenue;830 before minorities;22 minorities;808 attributable;strategy fee rows509/357/259/224/145 matched. Segment revenue is a different measure.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/attributable_fre", "value": 808, "status": "verified", "sourceValue": 808, "notes": "1494 revenue;830 before minorities;22 minorities;808 attributable;strategy fee rows509/357/259/224/145 matched. Segment revenue is a different measure.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/fre_before_minority_interests", "value": 830, "status": "verified", "sourceValue": 830, "notes": "1494 revenue;830 before minorities;22 minorities;808 attributable;strategy fee rows509/357/259/224/145 matched. Segment revenue is a different measure.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/minority_interests", "value": 22, "status": "verified", "sourceValue": 22, "notes": "1494 revenue;830 before minorities;22 minorities;808 attributable;strategy fee rows509/357/259/224/145 matched. Segment revenue is a different measure.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/baskets/0/fee_revenue", "value": 509, "status": "verified", "sourceValue": 509, "notes": "1494 revenue;830 before minorities;22 minorities;808 attributable;strategy fee rows509/357/259/224/145 matched. Segment revenue is a different measure.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/baskets/1/fee_revenue", "value": 357, "status": "verified", "sourceValue": 357, "notes": "1494 revenue;830 before minorities;22 minorities;808 attributable;strategy fee rows509/357/259/224/145 matched. Segment revenue is a different measure.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/baskets/2/fee_revenue", "value": 259, "status": "verified", "sourceValue": 259, "notes": "1494 revenue;830 before minorities;22 minorities;808 attributable;strategy fee rows509/357/259/224/145 matched. Segment revenue is a different measure.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/baskets/3/fee_revenue", "value": 224, "status": "verified", "sourceValue": 224, "notes": "1494 revenue;830 before minorities;22 minorities;808 attributable;strategy fee rows509/357/259/224/145 matched. Segment revenue is a different measure.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/baskets/4/fee_revenue", "value": 145, "status": "verified", "sourceValue": 145, "notes": "1494 revenue;830 before minorities;22 minorities;808 attributable;strategy fee rows509/357/259/224/145 matched. Segment revenue is a different measure.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/brookfield-bam-v2/report-fillings/annual-quarterly-reports/q2-2026-bam-10-q.pdf", "locator": "PDFp44 Note16 table: three months endedJune30 2026; p45 reconciliation", "period": "Q2 2026", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "Segment earnings per ASC280 disclosure", "statementStatus": "Unaudited 10-Q", "checks": [ { "file": "bam-vehicle-mix.json", "path": "/segment_earnings_total", "value": 640, "status": "verified", "sourceValue": 640, "notes": "640 total;strategy earnings208/157/125/109/41 matched;different basis from attributable FRE.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/baskets/0/segment_earnings", "value": 208, "status": "verified", "sourceValue": 208, "notes": "640 total;strategy earnings208/157/125/109/41 matched;different basis from attributable FRE.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/baskets/1/segment_earnings", "value": 157, "status": "verified", "sourceValue": 157, "notes": "640 total;strategy earnings208/157/125/109/41 matched;different basis from attributable FRE.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/baskets/2/segment_earnings", "value": 125, "status": "verified", "sourceValue": 125, "notes": "640 total;strategy earnings208/157/125/109/41 matched;different basis from attributable FRE.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/baskets/3/segment_earnings", "value": 109, "status": "verified", "sourceValue": 109, "notes": "640 total;strategy earnings208/157/125/109/41 matched;different basis from attributable FRE.", "unit": "million", "currency": "USD" }, { "file": "bam-vehicle-mix.json", "path": "/baskets/4/segment_earnings", "value": 41, "status": "verified", "sourceValue": 41, "notes": "640 total;strategy earnings208/157/125/109/41 matched;different basis from attributable FRE.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/brookfield-bam-v2/report-fillings/annual-quarterly-reports/q2-2026-bam-10-q.pdf", "locator": "Arithmetic using independently matched fees and segment-earnings tables", "period": "Q2 2026", "currency": "USD", "units": "Percent", "accountingBasis": "Each fee /1494 or segment earnings /640 ×100 rounded1dp", "statementStatus": "Calculated", "checks": [ { "file": "bam-vehicle-mix.json", "path": "/baskets/0/fee_revenue_share_pct", "value": 34.1, "status": "calculated", "sourceValue": 34.1, "notes": "Recomputed; earnings percentages sum99.9 due rounding. Neither column allocates attributable FRE.", "unit": "percent", "currency": null }, { "file": "bam-vehicle-mix.json", "path": "/baskets/0/segment_earnings_share_pct", "value": 32.5, "status": "calculated", "sourceValue": 32.5, "notes": "Recomputed; earnings percentages sum99.9 due rounding. Neither column allocates attributable FRE.", "unit": "percent", "currency": null }, { "file": "bam-vehicle-mix.json", "path": "/baskets/1/fee_revenue_share_pct", "value": 23.9, "status": "calculated", "sourceValue": 23.9, "notes": "Recomputed; earnings percentages sum99.9 due rounding. Neither column allocates attributable FRE.", "unit": "percent", "currency": null }, { "file": "bam-vehicle-mix.json", "path": "/baskets/1/segment_earnings_share_pct", "value": 24.5, "status": "calculated", "sourceValue": 24.5, "notes": "Recomputed; earnings percentages sum99.9 due rounding. Neither column allocates attributable FRE.", "unit": "percent", "currency": null }, { "file": "bam-vehicle-mix.json", "path": "/baskets/2/fee_revenue_share_pct", "value": 17.3, "status": "calculated", "sourceValue": 17.3, "notes": "Recomputed; earnings percentages sum99.9 due rounding. Neither column allocates attributable FRE.", "unit": "percent", "currency": null }, { "file": "bam-vehicle-mix.json", "path": "/baskets/2/segment_earnings_share_pct", "value": 19.5, "status": "calculated", "sourceValue": 19.5, "notes": "Recomputed; earnings percentages sum99.9 due rounding. Neither column allocates attributable FRE.", "unit": "percent", "currency": null }, { "file": "bam-vehicle-mix.json", "path": "/baskets/3/fee_revenue_share_pct", "value": 15, "status": "calculated", "sourceValue": 15, "notes": "Recomputed; earnings percentages sum99.9 due rounding. Neither column allocates attributable FRE.", "unit": "percent", "currency": null }, { "file": "bam-vehicle-mix.json", "path": "/baskets/3/segment_earnings_share_pct", "value": 17, "status": "calculated", "sourceValue": 17, "notes": "Recomputed; earnings percentages sum99.9 due rounding. Neither column allocates attributable FRE.", "unit": "percent", "currency": null }, { "file": "bam-vehicle-mix.json", "path": "/baskets/4/fee_revenue_share_pct", "value": 9.7, "status": "calculated", "sourceValue": 9.7, "notes": "Recomputed; earnings percentages sum99.9 due rounding. Neither column allocates attributable FRE.", "unit": "percent", "currency": null }, { "file": "bam-vehicle-mix.json", "path": "/baskets/4/segment_earnings_share_pct", "value": 6.4, "status": "calculated", "sourceValue": 6.4, "notes": "Recomputed; earnings percentages sum99.9 due rounding. Neither column allocates attributable FRE.", "unit": "percent", "currency": null } ] }, { "sourceUrl": "https://bam.brookfield.com/generation/pdf/document-file.pdf?path=/press-releases/oaktree-asset-backed-finance-fund-closes-2-billion", "locator": "PDF p.1, opening paragraph", "period": "2026-10-01", "currency": "USD", "units": "Per check", "accountingBasis": "Issuer dated disclosure; capital", "statementStatus": "Final disclosed observation, separately dated from financial statements", "checks": [ { "file": "companies/bam.json", "path": "/disclosures/0/metrics/0/value", "value": 2000, "sourceValue": 2000, "status": "verified", "currency": "USD", "unit": "USD million", "notes": "Reported rounded final-close commitments; not a net inflow calculation" } ] }, { "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2026/2026-Q2-Supplemental-BAM.pdf", "locator": "Printed pp.2,4,7,10,26–27; fees-to-DE bridge and economic-share denominator", "period": "Q2 / LTM ended 30 June 2026", "currency": null, "units": "Exact unit and currency supplied on each check", "accountingBasis": "Company non-GAAP FRE/DE; AUM and fee-bearing capital are manager measures", "statementStatus": "Final reported unaudited", "checks": [ { "file": "bam.html", "path": "inline Fee-bearing capital", "value": 672, "sourceValue": 672, "status": "verified", "unit": "billion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline AUM", "value": 1.3, "sourceValue": 1.3, "status": "verified", "unit": "trillion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline LTM FRE per share", "value": 1.97, "sourceValue": 1.97, "status": "verified", "unit": "per share", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline LTM DE per share", "value": 1.75, "sourceValue": 1.75, "status": "verified", "unit": "per share", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline LTM FRE margin", "value": 58, "sourceValue": 58, "status": "verified", "unit": "percent", "currency": null, "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 capital raised", "value": 77, "sourceValue": 77, "status": "verified", "unit": "billion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Just Group mandate", "value": 40, "sourceValue": 40, "status": "verified", "unit": "billion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Total uncalled commitments", "value": 149, "sourceValue": 149, "status": "verified", "unit": "billion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Uncalled not yet earning fees", "value": 68, "sourceValue": 68, "status": "verified", "unit": "billion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 fee revenue", "value": 1494, "sourceValue": 1494, "status": "verified", "unit": "million", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 direct costs", "value": 664, "sourceValue": 664, "status": "verified", "unit": "million", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 FRE before minority", "value": 830, "sourceValue": 830, "status": "verified", "unit": "million", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 minority interests", "value": 22, "sourceValue": 22, "status": "verified", "unit": "million", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 attributable FRE", "value": 808, "sourceValue": 808, "status": "verified", "unit": "million", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 net investment and other income", "value": -27, "sourceValue": -27, "status": "verified", "unit": "million", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 equity compensation addback", "value": 23, "sourceValue": 23, "status": "verified", "unit": "million", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 cash taxes deducted", "value": -97, "sourceValue": -97, "status": "verified", "unit": "million", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 DE", "value": 707, "sourceValue": 707, "status": "verified", "unit": "million", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 economic-share fee revenue", "value": 1409, "sourceValue": 1409, "status": "verified", "unit": "million", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Q2 economic-share FRE margin", "value": 57, "sourceValue": 57, "status": "verified", "unit": "percent", "currency": null, "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Credit FBC", "value": 326, "sourceValue": 326, "status": "verified", "unit": "billion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Infrastructure FBC", "value": 114, "sourceValue": 114, "status": "verified", "unit": "billion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Real estate FBC", "value": 104, "sourceValue": 104, "status": "verified", "unit": "billion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Energy FBC", "value": 74, "sourceValue": 74, "status": "verified", "unit": "billion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." }, { "file": "bam.html", "path": "inline Private equity FBC", "value": 54, "sourceValue": 54, "status": "verified", "unit": "billion", "currency": "USD", "notes": "Explicit static/allocator field; source table basis must be retained." } ] }, { "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2025/Q4-25-BAM-Supplemental.pdf", "locator": "Printed p.4 annual fee revenues, costs and FRE", "period": "FY2024–FY2025", "currency": null, "units": "Exact unit and currency supplied on each check", "accountingBasis": "Company non-GAAP consolidated FRE", "statementStatus": "Final reported annual", "checks": [ { "file": "bam.html", "path": "inline operating leverage/Fee revenue/2024", "value": 4706, "sourceValue": 4706, "status": "verified", "unit": "million", "currency": "USD", "notes": "" }, { "file": "bam.html", "path": "inline operating leverage/Fee revenue/2025", "value": 5487, "sourceValue": 5487, "status": "verified", "unit": "million", "currency": "USD", "notes": "" }, { "file": "bam.html", "path": "inline operating leverage/Fee revenue/growth", "value": 16.6, "sourceValue": 16.6, "status": "calculated", "unit": "percent", "currency": null, "notes": "" }, { "file": "bam.html", "path": "inline operating leverage/Direct costs/2024", "value": 2136, "sourceValue": 2136, "status": "verified", "unit": "million", "currency": "USD", "notes": "" }, { "file": "bam.html", "path": "inline operating leverage/Direct costs/2025", "value": 2410, "sourceValue": 2410, "status": "verified", "unit": "million", "currency": "USD", "notes": "" }, { "file": "bam.html", "path": "inline operating leverage/Direct costs/growth", "value": 12.8, "sourceValue": 12.8, "status": "calculated", "unit": "percent", "currency": null, "notes": "" }, { "file": "bam.html", "path": "inline operating leverage/FRE before minority interests/2024", "value": 2570, "sourceValue": 2570, "status": "verified", "unit": "million", "currency": "USD", "notes": "" }, { "file": "bam.html", "path": "inline operating leverage/FRE before minority interests/2025", "value": 3077, "sourceValue": 3077, "status": "verified", "unit": "million", "currency": "USD", "notes": "" }, { "file": "bam.html", "path": "inline operating leverage/FRE before minority interests/growth", "value": 19.7, "sourceValue": 19.7, "status": "calculated", "unit": "percent", "currency": null, "notes": "" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403528/000140352826000006/oak-20251231.htm", "locator": "Printed p.13, open-end strategies performance table", "period": "Since each strategy inception through 31 December 2025", "currency": null, "units": "Exact unit and currency supplied on each check", "accountingBasis": "Reported net strategy returns and disclosed benchmarks", "statementStatus": "Final reported annual", "checks": [ { "file": "bam.html", "path": "inline Oaktree selected strategy/U.S. High Yield Bonds/net", "value": 7.9, "sourceValue": 7.9, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/U.S. High Yield Bonds/benchmark", "value": 7.6, "sourceValue": 7.6, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/Global High Yield Bonds/net", "value": 5.9, "sourceValue": 5.9, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/Global High Yield Bonds/benchmark", "value": 5.9, "sourceValue": 5.9, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/Global Credit/net", "value": 5.3, "sourceValue": 5.3, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/Global Credit/benchmark", "value": 5.3, "sourceValue": 5.3, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/Global Credit Investment Grade/net", "value": 4, "sourceValue": 4, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/Global Credit Investment Grade/benchmark", "value": 3.2, "sourceValue": 3.2, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/European Senior Loans/net", "value": 5.7, "sourceValue": 5.7, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/European Senior Loans/benchmark", "value": 6.4, "sourceValue": 6.4, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/U.S. Senior Loans/net", "value": 5.5, "sourceValue": 5.5, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/U.S. Senior Loans/benchmark", "value": 5.3, "sourceValue": 5.3, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/High Income Convertibles/net", "value": 8.9, "sourceValue": 8.9, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/High Income Convertibles/benchmark", "value": 6.7, "sourceValue": 6.7, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/Global ex-U.S. Convertibles/net", "value": 7.3, "sourceValue": 7.3, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected strategy/Global ex-U.S. Convertibles/benchmark", "value": 5.5, "sourceValue": 5.5, "status": "verified", "unit": "percent", "currency": null, "notes": "Annualised since-inception through 31 December 2025; respective strategy inception dates differ." }, { "file": "bam.html", "path": "inline Oaktree selected eight/above benchmark share", "value": 62.5, "sourceValue": 62.5, "status": "calculated", "unit": "percent", "currency": null, "notes": "Five above, two equal, one below; selected eight strategies, not all Oaktree products or AUM weighted." } ] }, { "sourceUrl": "https://bip.brookfield.com/bip/reports-filings/letters-unitholders/bip-q4-2021-letter-unitholders", "locator": "Financing Strategy paragraph", "period": "31 December 2021", "currency": null, "units": "Exact unit and currency supplied on each check", "accountingBasis": "BIP term-debt financing statistic", "statementStatus": "Final historical shareholder letter", "checks": [ { "file": "bam.html", "path": "inline Infrastructure fixed-rate term debt outside Brazil", "value": 90, "sourceValue": 90, "status": "verified", "unit": "percent", "currency": null, "notes": "Approximately 90%; excludes local-currency debt in Brazil. Not a statement about Oaktree bond funds." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108522000008/a2021-40xfex991aif.htm", "locator": "AIF printed p.5; Q4 2021 supplemental printed p.9", "period": "31 December 2021", "currency": null, "units": "Exact unit and currency supplied on each check", "accountingBasis": "Company fee-bearing commitment disclosures", "statementStatus": "Two original disclosures conflict", "checks": [ { "file": "bam-history.json", "path": "/metrics/5/points/0/value", "value": null, "sourceValue": null, "status": "not_verified", "unit": "billion", "currency": "USD", "notes": "AIF explicitly states approximately USD40bn. Supplemental reports USD77.079bn uncalled less approximately USD33bn currently fee-earning, implying about USD44.079bn. No reconciliation is supplied; neither is blindly backfilled." } ] } ], "claims": [ { "file": "allocator-research.json", "pathOrText": "/bam/0 through /bam/5", "claim": "June2026: FBC672bn;AUM1.3tn;LTM FRE/share1.97;DE/share1.75;margin58%;Q2fundraising77bn including40bn Just;uncalled not-earning-fees68bn within149bn commitments", "verdict": "verified", "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2026/2026-Q2-Supplemental-BAM.pdf", "locator": "Printed pp2,4,7,10", "notes": "All stated historical numbers matched, although forecast fee potential is separately excluded." }, { "file": "allocator-research.json", "pathOrText": "/bam/5/meaning", "claim": "Uncalled commitments not yet fee-earning were US$68bn, within US$149bn of total uncalled commitments at 30 June 2026.", "verdict": "corrected", "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2026/2026-Q2-Supplemental-BAM.pdf", "locator": "Q2 2026 supplemental p.10", "notes": "US$680m annual fees once deployed is a future projection, outside historical-only scope; historical commitment balances retained. Source supports projection but it is not reported earnings.", "originalClaim": "Expected USD680m annual fee revenue once commitments deployed" }, { "file": "bam.html", "pathOrText": "annual margin table; recent operating leverage; fees-to-DE bridge; five-basket table; fee-capital mix", "claim": "Historical numeric tables duplicate checked datasets; FY2024→FY2025fee4706→5487,cost2136→2410,FRE2570→3077;JuneFBC strategy326/114/104/74/54bn", "verdict": "verified", "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2026/2026-Q2-Supplemental-BAM.pdf", "locator": "Q2supplement pp2,4,26–27; FY2025 supplement p4; Q210-Qpp44–45,92", "notes": "Growth rates 16.6%, 12.8% and 19.7% are rounded historical arithmetic. Q2 bridge −27, +23, −97 and economic-share fee-revenue denominator 1,409 were inspected in the supplemental reconciliation, pp.26–27." }, { "file": "bam.html", "pathOrText": "[data-allocator=\"bam\"] / Deployment and fee runway", "claim": "Uncalled commitments expected to generate about US$680m annual fees once deployed; part of US$149bn total uncalled commitments.", "verdict": "forecast_out_of_scope", "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2026/2026-Q2-Supplemental-BAM.pdf", "locator": "p.10", "notes": "Same published page wording is supplied by allocator-research.json; there is no separate inline680 literal. Single data correction updates page duplicate." }, { "file": "companies/bam.json", "pathOrText": "/disclosures/0/summary", "claim": "ABF I closed with US$2bn of commitments across the fund and related vehicles. This is fundraising, not recognised management-fee revenue. The disclosure does not reconcile a new company-wide AUM or fee-bearing-capital total.", "verdict": "verified", "sourceUrl": "https://bam.brookfield.com/generation/pdf/document-file.pdf?path=/press-releases/oaktree-asset-backed-finance-fund-closes-2-billion", "locator": "PDF p.1, opening paragraph", "notes": "Fresh original opened; does not imply complete source-index scan or later completed payment." }, { "file": "bam.html", "pathOrText": "Does investment skill show up?", "claim": "Five of eight selected Oaktree liquid strategies exceeded disclosed benchmarks after fees since inception toDecember2025;twoequal,onebelow;62.5%bycount", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403528/000140352826000006/oak-20251231.htm", "locator": "2025filing printedp13 open-endperformance table", "notes": "Net/benchmark:USHighYield7.9/7.6,GlobalHighYield5.9/5.9,GlobalCredit5.3/5.3,GlobalCreditIG4.0/3.2,EuropeanLoans5.7/6.4,USLoans5.5/5.3,HighIncomeConvertibles8.9/6.7,GlobalexUSConvertibles7.3/5.5. These selected eight excludeEmergingMarketsEquities4.5/3.9 andStructuredCreditnm. 5/8×100=62.5;notallfunds/AUMweighted." }, { "file": "bam.html", "pathOrText": "Rates:two sides of the same payment", "claim": "Approximately90%ofInfrastructure termdebt outsideBrazil wasfixedrate atyearend2021", "verdict": "verified", "sourceUrl": "https://bip.brookfield.com/bip/reports-filings/letters-unitholders/bip-q4-2021-letter-unitholders", "locator": "Q42021letter FinancingStrategy paragraph", "notes": "Primary says90%oftermdebt excludinglocalcurrencydebtinBrazil;scopeisBIP financing,notOaktreeportfolios." }, { "file": "allocator-research.json", "pathOrText": "/bam/7", "claim": "Creditquality framework is byfund;Infrastructure financingstatisticsdonotdescribeallOaktreebondfunds", "verdict": "interpretation_supported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403528/000140352826000006/oak-20251231.htm", "locator": "Open-end/evergreen performance tables and strategy disclosures", "notes": "Defaults,nonaccruals,PIK,coverage,duration/leverage are monitoring concepts,not claimed published platformnumericaldata." }, { "file": "bam.html", "pathOrText": "#bamCompanyHistory 1899,1996,2001,2002,2008,2019", "claim": "1899Brazilorigins;1996OlympiaYorkexpansion;2001firstprivateequityfund;2002BruceFlattCEO;2008Infrastructurelaunch;2019Oaktreemajority", "verdict": "verified", "sourceUrl": "https://history.brookfield.com/history/", "locator": "A Look Back timeline exactdatedentries", "notes": "Historicalcompanymilestonesonly;notcurrentCEOclaim." }, { "file": "bam.html", "pathOrText": "#bamCompanyHistory 1969,1979,2005", "claim": "1969BrascannameBrasil+Canada;1979Edpercontrol;2005Brookfieldrename", "verdict": "verified", "sourceUrl": "https://privatewealth.brookfield.com/sites/default/files/2024-03/redefining-alternative-investments.pdf", "locator": "PDFpp4–5historytimeline", "notes": "Officialissuerhistoricalbrochureandaboutpage." }, { "file": "bam.html", "pathOrText": "#bamCompanyHistory 2011,2016", "claim": "Renewable2011inception;BusinessPartners2016launch", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000162828017003238/bam2016ex991.htm", "locator": "2016AIFp3BBUJune20spinoff;Renewableinception2011inQ42016shareholderletter", "notes": "Renewableprimaryhttps://bip.brookfield.com/reports-filings/letters-shareholders/q4-2016-letter-to-shareholders;no2013BPYformationdocumentretrievedyet." }, { "file": "bam.html", "pathOrText": "#bamCompanyHistory 2021;Property vehicle", "claim": "PropertyPartnersordinaryequitytakenprivate2021", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1545772/000110465921111053/tm2125214d1_ex99-2.htm", "locator": "Thirdamendedmasterservicesagreement,recital", "notes": "RecitalstatesallBPYunitsacquiredJuly26,2021andnolongerpubliclytraded;preferredsnotimplieddelisted." }, { "file": "bam.html", "pathOrText": "#bamCompanyHistory December2022 andFebruary2025", "claim": "2022BAM25%assetmanager/BNrename;February4,2025BAM100%underlyingmanager,BN~73%ofBAM", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1937926/000162828026013098/bam-20251231.htm", "locator": "Definitions2022Arrangement;2025ActivityFebruary4arrangement", "notes": "Historicalownershipperimeters;notorganicgrowth.2025reportedcomparisonmustnotbeinterpretedaslistedequitytrackrecordbefore2022." }, { "file": "bam.html", "pathOrText": "#bamCompanyHistory March2026;BBUC vehicle", "claim": "BusinessPartnersstructureconsolidatedintoBBUCinMarch2026", "verdict": "verified", "sourceUrl": "https://bbuc.brookfield.com/sites/brookfield-bbu-v2/files/Brookfield-BBU-IR-V2/2026/Q2/BBUC-Q2-2026-Press-Release_vf.pdf", "locator": "Q22026pressreleasefinancialstatementfootnotes", "notes": "Corporate reorganization completedMarch27,2026;priorunitsandexchangeablesexchangedoneforone." }, { "file": "bam.html", "pathOrText": "#bamCompanyHistory October2026;Renewable vehicle", "claim": "BEP/BEPCproposedcombinationstillawaitedremainingapprovalsasofOctober19", "verdict": "verified", "sourceUrl": "https://bep.brookfield.com/generation/pdf/document-file.pdf?path=/press-releases/bep/brookfield-renewable-corporation-shareholders-approve-proposed-corporate", "locator": "14October2026releasepp1–2", "notes": "BEPCapprovedOctober14;BEPvoterescheduledOctober29,finalcourtordersubsequent. Pendingisnotcompleted." }, { "file": "bam.html", "pathOrText": "Business overview;BIP/BIPC,BEP/BEPC,BBUC,property,Oaktree,fixedlife,perpetual/privatewealth,BWSvehicles", "claim": "Assetmanagerfeesdistinctfromvehicleoperatingincome;fundtypesandmandatesoverlap;BNretainscertaincarriedinterestrights;BWSmanagedassetsseparateinsuranceearnings", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1937926/000162828026013098/bam-20251231.htm", "locator": "Item1Businessstrategies;Managementfees;RelatedPartyTransactions SharingCarriedInterest", "notes": "Revenuegeneratedbycommitted/invested/NAVfeecontractsbasis;BIP/BEPdividendincentivesandBBUsharehighwatermarkdescribedinannualresults;BNmaturefundgrosscarry100%andcertainopenend33.3%retained. BIF,BGTF,BCP,BSREPnames/assetclassesmatchdefinitions. Generalcashflowformulasareanalyticalinterpretation." }, { "file": "bam.html", "pathOrText": "#bamCompanyHistory 2013", "claim": "PropertyPartnerslaunched2013", "verdict": "verified", "sourceUrl": "https://www.globenewswire.com/news-release/2013/04/15/1378225/0/en/brookfield-asset-management-completes-spin-off-of-brookfield-property-partners.html", "locator": "Brookfield issuer release, 15 April 2013, opening two paragraphs", "notes": "Completion and trading commencement confirmed; issuer-distributed original release." }, { "file": "bam.html", "pathOrText": "Renewable howBAMgetspaid", "claim": "BEPbasefeefixed-and-variableformula", "verdict": "verified", "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2026/2026-Q2-Supplemental-BAM.pdf", "locator": "PDF p.36 / printed p.36, base management fees table; endnote 48", "notes": "Table separately includes variable fee on adjusted market value less initial reference value and fixed management fee; no contract-rate assumption needed." }, { "file": "bam-history.json", "pathOrText": "/metrics/5/basis", "claim": "The 2021 fee-runway gap is a genuine discrepancy between two original disclosures.", "verdict": "verified_with_source_conflict", "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bn-v2/files/BN-IR-Master/Supplemental-Information/2021/2021-q4-supplemental-final.pdf", "locator": "Printed p.9, uncalled fund commitments table and first bullet", "notes": "77.079 minus approximately 33 equals approximately 44.079 billion; separate AIF p.5 says approximately 40 billion." } ], "corrections": [ { "file": "allocator-research.json", "path": "/bam/5/meaning", "oldValue": "Uncalled commitments expected to generate about US$680m annual fees once deployed; part of US$149bn total uncalled commitments.", "newValue": "Uncalled commitments not yet fee-earning were US$68bn, within US$149bn of total uncalled commitments at 30 June 2026.", "reason": "US$680m annual fees once deployed is a future projection, outside historical-only scope; historical commitment balances retained. Source supports projection but it is not reported earnings.", "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2026/2026-Q2-Supplemental-BAM.pdf", "locator": "Q2 2026 supplemental p.10", "period": "30 June 2026", "currency": "USD", "units": "billions of commitments; removed forecast USDmillions/year", "accountingBasis": "Company operational commitments, not GAAP revenue" } ], "unresolved": [ "The 2021 commitments-not-yet-fee-earning cell remains null: original AIF approximately USD40bn versus approximately USD44bn implied by original supplemental totals. Both sources were freshly inspected; no unsupported backfill.", "Oaktree result covers eight selected liquid strategies, not all products or an AUM-weighted success rate. BIP’s 90% statistic covers term debt excluding Brazilian local-currency debt at year-end 2021, not Brookfield bond portfolios." ], "coverageCounts": { "numericChecks": 107, "documentedNulls": 1, "claims": 19, "corrections": 1 }, "batch": "funds", "name": "Brookfield Asset Management", "pages": [ "bam.html" ], "reviewComplete": true, "originalResearchSummary": "All 29 non-null annual-history values, 25 vehicle-mix values and the dated ABF fundraising metric were checked. Static June snapshot, fees-to-DE bridge, strategy capital mix and FY2024–FY2025 operating-leverage values were separately traced. Eight selected Oaktree strategies and the BIP 2021 fixed-rate debt example were checked within their stated scope. Business history and vehicle/fee descriptions were verified. One genuine FY2021 source discrepancy remains.", "originalUnresolved": [ "The 2021 commitments-not-yet-fee-earning cell remains null: original AIF approximately USD40bn versus approximately USD44bn implied by original supplemental totals. Both sources were freshly inspected; no unsupported backfill.", "The prospective USD680m annual fee estimate is source-supported but outside the historical-only mandate. A precise correction is recorded; parent reports it applied to the live data/page.", "Oaktree result covers eight selected liquid strategies, not all products or an AUM-weighted success rate. BIP’s 90% statistic covers term debt excluding Brazilian local-currency debt at year-end 2021, not Brookfield bond portfolios." ], "correctionsApplied": 1, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 93, "calculated": 14, "not_verified": 1 }, "sourceCount": 21 }, { "id": "psh", "status": "partial", "periodsReviewed": [ "30 June 2026 and H1 2026", "FY2025", "H1 2026 and YTD 11 August 2026", "30 September 2026", "H1 2026 and H1 2025", "FY2025 and FY2024", "H1 2026 / H1 2025 comparative", "September 2026 dividend rate", "30 June 2026 / H1 2026", "2021–2025 year-ends and 13 October 2026", "30 June 2026", "20 October 2026 repurchase;13 October NAV", "2026-10-14", "2026-10-15", "2026-10-16", "2026-10-19", "2026-10-20" ], "summary": "Completed source review: 219 source checks, 1 arithmetic checks, 8 unverified checks. 2 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDF pp.28–31 (printed pp.26–29), statement of financial position, comprehensive income and equity", "period": "30 June 2026 and H1 2026", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "IFRS; interim unaudited", "statementStatus": "Final reported interim", "checks": [ { "file": "pershing-fund-upgrade.json", "path": "/fund/assets", "value": 16715.030046, "status": "verified", "sourceValue": 16715.030046, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/liabilities", "value": 3779.123893, "status": "verified", "sourceValue": 3779.123893, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/equity", "value": 12935.906153, "status": "verified", "sourceValue": 12935.906153, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/openingEquity", "value": 15049.406887, "status": "verified", "sourceValue": 15049.406887, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/cash", "value": 201.26584, "status": "verified", "sourceValue": 201.26584, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/dueFromBrokers", "value": 137.01938, "status": "verified", "sourceValue": 137.01938, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/dueToBrokers", "value": 8.175991, "status": "verified", "sourceValue": 8.175991, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/securities", "value": 16363.033379, "status": "verified", "sourceValue": 16363.033379, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/otherReceivables", "value": 13.711447, "status": "verified", "sourceValue": 13.711447, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/derivativeAssets", "value": 0, "status": "verified", "sourceValue": 0, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/derivativeLiabilities", "value": 94.627506, "status": "verified", "sourceValue": 94.627506, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bondCarryingValue", "value": 3621.505775, "status": "verified", "sourceValue": 3621.505775, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/otherPayables", "value": 4.658874, "status": "verified", "sourceValue": 4.658874, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/deferredTaxPayable", "value": 50.155747, "status": "verified", "sourceValue": 50.155747, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/publicEquity", "value": 12935.434571, "status": "verified", "sourceValue": 12935.434571, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/specialVotingEquity", "value": 0.471582, "status": "verified", "sourceValue": 0.471582, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/endShares", "value": 174262536, "status": "verified", "sourceValue": 174262536, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "shares", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/fund/openingShares", "value": 176382491, "status": "verified", "sourceValue": 176382491, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "shares", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/fund/navPerShare", "value": 74.23, "status": "verified", "sourceValue": 74.23, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "per share", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/0/value", "value": 15049.406887, "status": "verified", "sourceValue": 15049.406887, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/1/value", "value": -1889.388972, "status": "verified", "sourceValue": -1889.388972, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/2/value", "value": 37.519198, "status": "verified", "sourceValue": 37.519198, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/3/value", "value": 69.364962, "status": "verified", "sourceValue": 69.364962, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/4/value", "value": 20.682721, "status": "verified", "sourceValue": 20.682721, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/5/value", "value": -99.92741, "status": "verified", "sourceValue": -99.92741, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/6/value", "value": 0, "status": "verified", "sourceValue": 0, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/7/value", "value": -69.316658, "status": "verified", "sourceValue": -69.316658, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/8/value", "value": -6.716231, "status": "verified", "sourceValue": -6.716231, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/9/value", "value": 9.183096, "status": "verified", "sourceValue": 9.183096, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/10/value", "value": -120.444972, "status": "verified", "sourceValue": -120.444972, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/11/value", "value": -64.456468, "status": "verified", "sourceValue": -64.456468, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/bridge/12/value", "value": 12935.906153, "status": "verified", "sourceValue": 12935.906153, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash.", "unit": "million", "currency": "USD" }, { "file": "pershing-fund-upgrade.json", "path": "/fund/brokerDefinitionSource/printedPage", "value": 82, "status": "verified", "sourceValue": 82, "notes": "All balance and bridge fields matched the statements, converted from dollars to millions; actual shares are unscaled. Equity bridge is not investment return. Broker balance is not wholly available cash. Locator metadata only, not a financial figure.", "unit": "page number", "currency": null } ] }, { "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/02/18175039/Pershing-Square-Holdings-Ltd.-2025-Annual-Report.pdf", "locator": "PDF p.9 performance table; annual letter shareholder return33.9%", "period": "FY2025", "currency": "USD", "units": "Percent", "accountingBasis": "Fund net NAV and shareholder total returns with dividends; S&P500 total return", "statementStatus": "Final reported", "checks": [ { "file": "pershing-fund-upgrade.json", "path": "/performance/matched/0/nav", "value": 20.9, "status": "verified", "sourceValue": 20.9, "notes": "", "unit": "percent", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/matched/0/shareholder", "value": 33.9, "status": "verified", "sourceValue": 33.9, "notes": "", "unit": "percent", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/matched/0/sp500", "value": 17.9, "status": "verified", "sourceValue": 17.9, "notes": "", "unit": "percent", "currency": null } ] }, { "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDF pp.5,11,55; performance table and attribution/endnotes", "period": "H1 2026 and YTD 11 August 2026", "currency": "USD", "units": "Percent or percentage points", "accountingBasis": "Fund net NAV and shareholder USD total returns; rounded attribution", "statementStatus": "Final reported", "checks": [ { "file": "pershing-fund-upgrade.json", "path": "/performance/matched/1/nav", "value": -12.6, "status": "verified", "sourceValue": -12.6, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percent", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/matched/1/shareholder", "value": -23.9, "status": "verified", "sourceValue": -23.9, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percent", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/matched/1/sp500", "value": 10.2, "status": "verified", "sourceValue": 10.2, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percent", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/matched/2/nav", "value": -4.3, "status": "verified", "sourceValue": -4.3, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percent", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/matched/2/shareholder", "value": -17.9, "status": "verified", "sourceValue": -17.9, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percent", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/matched/2/sp500", "value": 13.7, "status": "verified", "sourceValue": 13.7, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percent", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/gross", "value": -11.9, "status": "verified", "sourceValue": -11.9, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percent", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/net", "value": -12.6, "status": "verified", "sourceValue": -12.6, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percent", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/buybackAccretion", "value": 0.3, "status": "verified", "sourceValue": 0.3, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percentage points", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/otherIncomeExpense", "value": -0.3, "status": "verified", "sourceValue": -0.3, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percentage points", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/managerFeeGap", "value": -0.7, "status": "calculated", "sourceValue": -0.7, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percentage points", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/positions/0/contribution", "value": 1.7, "status": "verified", "sourceValue": 1.7, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percentage points", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/positions/1/contribution", "value": 0.7, "status": "verified", "sourceValue": 0.7, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percentage points", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/positions/2/contribution", "value": -2.8, "status": "verified", "sourceValue": -2.8, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percentage points", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/positions/3/contribution", "value": -2.7, "status": "verified", "sourceValue": -2.7, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percentage points", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/positions/4/contribution", "value": -2.6, "status": "verified", "sourceValue": -2.6, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percentage points", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/positions/5/contribution", "value": -1.7, "status": "verified", "sourceValue": -1.7, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percentage points", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/positions/6/contribution", "value": -1.5, "status": "verified", "sourceValue": -1.5, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. Attribution includes buyback accretion and other expenses; not an extra deduction.", "unit": "percentage points", "currency": null }, { "file": "pershing-fund-upgrade.json", "path": "/performance/attributionH1/positions/7/contribution", "value": -3, "status": "verified", "sourceValue": -3, "notes": "ManagerFeeGap -0.7pp is calculated -12.6 minus -11.9. 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excludes treasury shares" }, { "file": "companies/psh.json", "path": "/disclosures/0/metrics/3/value", "value": 38203436, "sourceValue": 38203436, "status": "verified", "currency": null, "unit": "shares", "notes": "Reported" } ] }, { "sourceUrl": "https://pershingsquareholdings.com/pershing-square-holdings-ltd-announces-transactions-in-own-shares-15-october-2026/", "locator": "Total Buyback table and resulting shares paragraph", "period": "2026-10-15", "currency": "USD", "units": "Per check", "accountingBasis": "Issuer dated disclosure; capital", "statementStatus": "Final disclosed observation, separately dated from financial statements", "checks": [ { "file": "companies/psh.json", "path": "/disclosures/1/metrics/0/value", "value": 31785, "sourceValue": 31785, "status": "verified", "currency": null, "unit": "shares", "notes": "Transaction date 15 October 2026" }, { "file": "companies/psh.json", "path": "/disclosures/1/metrics/1/value", "value": 50.18, "sourceValue": 50.18, "status": "verified", "currency": "USD", "unit": "USD per share", "notes": "Reported average purchase price; not a market quote" }, { "file": "companies/psh.json", "path": "/disclosures/1/metrics/2/value", "value": 172721529, "sourceValue": 172721529, "status": "verified", "currency": null, "unit": "shares", "notes": "After this buyback; excludes treasury" }, { "file": "companies/psh.json", "path": "/disclosures/1/metrics/3/value", "value": 38235221, "sourceValue": 38235221, "status": "verified", "currency": null, "unit": "shares", "notes": "After this buyback; special voting share separate" } ] }, { "sourceUrl": "https://pershingsquareholdings.com/pershing-square-holdings-ltd-announces-transactions-in-own-shares-16-october-2026/", "locator": "Total Buyback table and resulting shares paragraph", "period": "2026-10-16", "currency": "USD", "units": "Per check", "accountingBasis": "Issuer dated disclosure; capital", "statementStatus": "Final disclosed observation, separately dated from financial statements", "checks": [ { "file": "companies/psh.json", "path": "/disclosures/2/metrics/0/value", "value": 30147, "sourceValue": 30147, "status": "verified", "currency": null, "unit": "shares", "notes": "Transaction date 16 October 2026" }, { "file": "companies/psh.json", "path": "/disclosures/2/metrics/1/value", "value": 51.02, "sourceValue": 51.02, "status": "verified", "currency": "USD", "unit": "USD per share", "notes": "Reported average purchase price; not a market quote" }, { "file": "companies/psh.json", "path": "/disclosures/2/metrics/2/value", "value": 172691382, "sourceValue": 172691382, "status": "verified", "currency": null, "unit": "shares", "notes": "After this buyback; excludes treasury" }, { "file": "companies/psh.json", "path": "/disclosures/2/metrics/3/value", "value": 38265368, "sourceValue": 38265368, "status": "verified", "currency": null, "unit": "shares", "notes": "After this buyback; special voting share separate" } ] }, { "sourceUrl": "https://pershingsquareholdings.com/pershing-square-holdings-ltd-announces-transactions-in-own-shares-19-october-2026/", "locator": "Total Buyback table and resulting shares paragraph", "period": "2026-10-19", "currency": "USD", "units": "Per check", "accountingBasis": "Issuer dated disclosure; capital", "statementStatus": "Final disclosed observation, separately dated from financial statements", "checks": [ { "file": "companies/psh.json", "path": "/disclosures/3/metrics/0/value", "value": 29037, "sourceValue": 29037, "status": "verified", "currency": null, "unit": "shares", "notes": "Transaction date 19 October 2026" }, { "file": "companies/psh.json", "path": "/disclosures/3/metrics/1/value", "value": 50.81, "sourceValue": 50.81, "status": "verified", "currency": "USD", "unit": "USD per share", "notes": "Reported average purchase price; not a market quote" }, { "file": "companies/psh.json", "path": "/disclosures/3/metrics/2/value", "value": 172662345, "sourceValue": 172662345, "status": "verified", "currency": null, "unit": "shares", "notes": "After this buyback; excludes treasury" }, { "file": "companies/psh.json", "path": "/disclosures/3/metrics/3/value", "value": 38294405, "sourceValue": 38294405, "status": "verified", "currency": null, "unit": "shares", "notes": "After this buyback; special voting share separate" } ] }, { "sourceUrl": "https://pershingsquareholdings.com/pershing-square-holdings-ltd-announces-transactions-in-own-shares-20-october-2026/", "locator": "Total Buyback table and resulting shares paragraph", "period": "2026-10-20", "currency": "USD", "units": "Per check", "accountingBasis": "Issuer dated disclosure; capital", "statementStatus": "Final disclosed observation, separately dated from financial statements", "checks": [ { "file": "companies/psh.json", "path": "/disclosures/4/metrics/0/value", "value": 29050, "sourceValue": 29050, "status": "verified", "currency": null, "unit": "shares", "notes": "Transaction date 20 October 2026" }, { "file": "companies/psh.json", "path": "/disclosures/4/metrics/1/value", "value": 50.7, "sourceValue": 50.7, "status": "verified", "currency": "USD", "unit": "USD per share", "notes": "Reported average purchase price; not a market quote" }, { "file": "companies/psh.json", "path": "/disclosures/4/metrics/2/value", "value": 172633295, "sourceValue": 172633295, "status": "verified", "currency": null, "unit": "shares", "notes": "After this buyback; excludes treasury" }, { "file": "companies/psh.json", "path": "/disclosures/4/metrics/3/value", "value": 38323455, "sourceValue": 38323455, "status": "verified", "currency": null, "unit": "shares", "notes": "After this buyback; special voting share separate" } ] }, { "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/10/14141351/PSH-Fact-Sheet-September-2026-Website.pdf", "locator": "PDF p.1 performance table and p.2 endnotes 5–6", "period": "30 September 2026", "currency": null, "units": "Exact unit and currency supplied on each check", "accountingBasis": "Net NAV total-return disclosure", "statementStatus": "Estimated unaudited issuer factsheet", "checks": [ { "file": "pershing-fund-upgrade.json", "path": "/performance/latestNavOnly/0/shareholder", "value": null, "sourceValue": null, "status": "not_verified", "unit": "percent", "currency": null, "notes": "September factsheet supplies NAV performance, not matching shareholder total returns including dividend reinvestment. Price endpoints alone are insufficient." }, { "file": "pershing-fund-upgrade.json", "path": "/performance/latestNavOnly/1/shareholder", "value": null, "sourceValue": null, "status": "not_verified", "unit": "percent", "currency": null, "notes": "September factsheet supplies NAV performance, not matching shareholder total returns including dividend reinvestment. Price endpoints alone are insufficient." }, { "file": "pershing-fund-upgrade.json", "path": "/performance/latestNavOnly/2/shareholder", "value": null, "sourceValue": null, "status": "not_verified", "unit": "percent", "currency": null, "notes": "September factsheet supplies NAV performance, not matching shareholder total returns including dividend reinvestment. Price endpoints alone are insufficient." }, { "file": "pershing-fund-upgrade.json", "path": "/performance/latestNavOnly/3/shareholder", "value": null, "sourceValue": null, "status": "not_verified", "unit": "percent", "currency": null, "notes": "September factsheet supplies NAV performance, not matching shareholder total returns including dividend reinvestment. Price endpoints alone are insufficient." }, { "file": "pershing-fund-upgrade.json", "path": "/performance/latestNavOnly/4/shareholder", "value": null, "sourceValue": null, "status": "not_verified", "unit": "percent", "currency": null, "notes": "September factsheet supplies NAV performance, not matching shareholder total returns including dividend reinvestment. Price endpoints alone are insufficient." }, { "file": "pershing-fund-upgrade.json", "path": "/performance/latestNavOnly/2/nav", "value": null, "sourceValue": null, "status": "not_verified", "unit": "percent", "currency": null, "notes": "The September factsheet supplies YTD, one-, five- and ten-year NAV returns, but no three-year NAV total return." } ] }, { "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDF pp.44–45 fee agreement and potential reduction; statements do not provide actual average daily NAV", "period": "H1 2026 and H1 2025", "currency": null, "units": "Exact unit and currency supplied on each check", "accountingBasis": "IFRS fund fee disclosures", "statementStatus": "Final reported unaudited interim", "checks": [ { "file": "pershing-fund-upgrade.json", "path": "/fees/offsets/1/prior", "value": null, "sourceValue": null, "status": "not_verified", "unit": "million", "currency": "USD", "notes": "H1 2026 potential reduction amount is reported, but no matching H1 2025 available reduction balance is stated in the inspected fee note." }, { "file": "pershing-fund-upgrade.json", "path": "/fees/actualAverageNav", "value": null, "sourceValue": null, "status": "not_verified", "unit": "million", "currency": "USD", "notes": "Actual period-average NAV denominator is not supplied. Endpoint NAV averaging would be an estimate, not the reported fee base." } ] } ], "claims": [ { "file": "pershing-fund-upgrade.json", "pathOrText": "/fund/liquidityNote", "claim": "Due from brokers includes cash, derivative collateral and unsettled receivables; it is not all freely deployable cash. Do not add it to cash and call the sum available liquidity. Cash and Treasury equivalents may still be needed for obligations.", "verdict": "verified", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/02/18175039/Pershing-Square-Holdings-Ltd.-2025-Annual-Report.pdf", "locator": "PDF p.84/printedp82, amounts due to/from brokers", "notes": "Includes cash, pledged collateral and unsettled receivables, so restricted liquidity interpretation is correct." }, { "file": "pershing-fund-upgrade.json", "pathOrText": "/debt/covenantNote", "claim": "Report says bonds have no mark-to-market covenants and no margin leverage. A key-person event tightens the specified debt-to-capital covenant from one-third to one-quarter and may require remediation; see PDFp52. Ordinary distribution restrictions also matter.", "verdict": "verified", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDF pp.6,52", "notes": "Exact no-margin/no-mark-to-market wording and1:3→1:4 keyman trigger confirmed." }, { "file": "pershing-fund-upgrade.json", "pathOrText": "/buybacks/note", "claim": "Repurchased public shares are held in treasury and excluded from shares outstanding. Trade-date equity amounts and cash settlements differ; use the cash-flow amount for cash spent and the equity amount in the NAV bridge. Published +0.3 percentage-point H1 NAV accretion is already in the NAV return; do not add it again.", "verdict": "verified", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDF pp.11,30–31,43", "notes": "Buyback shares held in treasury; trade-date cost differs from cash settled." }, { "file": "companies/psh.json", "pathOrText": "/disclosures/0/summary", "claim": "Trade-date repurchase and resulting public shares, separate from June accounts and September fact-sheet capital. Reference NAV predates the buyback; no new NAV or balance-sheet equity is calculated.", "verdict": "verified", "sourceUrl": "https://pershingsquareholdings.com/pershing-square-holdings-ltd-announces-transactions-in-own-shares-and-weekly-summary-of-transactions-in-own-shares-14-october-2026/", "locator": "Total Buyback table and paragraph following trading-venue breakdown", "notes": "Fresh original opened; does not imply complete source-index scan or later completed payment." }, { "file": "companies/psh.json", "pathOrText": "/disclosures/1/summary", "claim": "PSH purchased 31,785 shares on 15 October at an average USD 50.18, held in treasury. Resulting public shares outstanding: 172,721,529. The release references NAV dated 13 October; no later NAV, market price or financial balance is inferred.", "verdict": "verified", "sourceUrl": "https://pershingsquareholdings.com/pershing-square-holdings-ltd-announces-transactions-in-own-shares-15-october-2026/", "locator": "Total Buyback table and resulting shares paragraph", "notes": "Fresh original opened; does not imply complete source-index scan or later completed payment." }, { "file": "companies/psh.json", "pathOrText": "/disclosures/2/summary", "claim": "PSH purchased 30,147 shares on 16 October at an average USD 51.02, held in treasury. Resulting public shares outstanding: 172,691,382. The release references NAV dated 13 October; no later NAV, market price or financial balance is inferred.", "verdict": "verified", "sourceUrl": "https://pershingsquareholdings.com/pershing-square-holdings-ltd-announces-transactions-in-own-shares-16-october-2026/", "locator": "Total Buyback table and resulting shares paragraph", "notes": "Fresh original opened; does not imply complete source-index scan or later completed payment." }, { "file": "companies/psh.json", "pathOrText": "/disclosures/3/summary", "claim": "PSH purchased 29,037 shares on 19 October at an average USD 50.81, held in treasury. Resulting public shares outstanding: 172,662,345. The release references NAV dated 13 October; no later NAV, market price or financial balance is inferred.", "verdict": "verified", "sourceUrl": "https://pershingsquareholdings.com/pershing-square-holdings-ltd-announces-transactions-in-own-shares-19-october-2026/", "locator": "Total Buyback table and resulting shares paragraph", "notes": "Fresh original opened; does not imply complete source-index scan or later completed payment." }, { "file": "companies/psh.json", "pathOrText": "/disclosures/4/summary", "claim": "PSH purchased 29,050 shares on 20 October at an average USD 50.70, held in treasury. Resulting public shares outstanding: 172,633,295. The release references NAV dated 13 October; no later NAV, market price or financial balance is inferred.", "verdict": "verified", "sourceUrl": "https://pershingsquareholdings.com/pershing-square-holdings-ltd-announces-transactions-in-own-shares-20-october-2026/", "locator": "Total Buyback table and resulting shares paragraph", "notes": "Fresh original opened; does not imply complete source-index scan or later completed payment." }, { "file": "pershing.html", "pathOrText": "How the fees connect table and offset paragraph", "claim": "PSH management1.5%,performance16%abovehighwatermark;PSUS2%commonNAV,no performancefee;PSHoffset20%ofeligiblePSUSmanagementfeescarriesforward", "verdict": "verified", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDFpp44–45 PSHmanagement/performanceagreement;PSUSsemiannualprintedp29 and trusteesdiscussion", "notes": "PSUSagreement separately confirmed inSEC2002660/000119312526360100/d87027dncsrs.htm. Offset is potentialperformancefeereduction,not cashincome or dividend; shareholderrelationship interpretations follow contracts." }, { "file": "pershing.html", "pathOrText": "Exited positions / 13FnotReported", "claim": "AlphabetandUMGexitedH1;HertzexitedJuly;ICEandAlconinitiatedafterJune30;HHHVantageclosedJune", "verdict": "verified", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDFpp12tablefootnote(d),14HHHparagraph,21ExitedEquityPositions", "notes": "Fundtradesverifiedfromfundreport;doesnotindependentlyverifyissuerfinancialfigures. 13Fabsence isnotzero ownership." }, { "file": "pershing.html", "pathOrText": "Test the flywheel against H1 2026", "claim": "Gross-11.9%,net-12.6%;fees99.927m/0,total175.960m;repurchased2.120m,cash119.561m,accretion+.3pp;shareholderreturn-23.9%;discount24.1%→34.0%", "verdict": "verified", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDFpp5,11,29–31,43", "notes": "Inlinevaluesarereportedroundedversionsofexactdatasetfieldsauditedabove;everylistedfieldmatchedsameperiod. Gross/netgapdoesnotpermitdoubleinterestdeduction." }, { "file": "allocator-research.json", "pathOrText": "/psh/0,/psh/1,/psh/3,/psh/4,/psh/5,/psh/6", "claim": "NAVtotalreturn/discount,debt,feeandportfolio frameworks distinguish companyfundNAVfrommanager-wide13F and underlyingissuerfigures", "verdict": "interpretation_supported", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDFpp5,23,28,44–45,51–52", "notes": "Discount=1-price/NAV;borrowingleveragescommonNAV;feesreducefundNAV;portfolioandrisk relationshipsareanalytical explanations. /psh/2retiredwordingcorrectionseparatelyrecorded." }, { "file": "pershing.html", "pathOrText": "September portfolio membership", "claim": "15 holdings above the factsheet threshold: Alcon, Howard Hughes, Netflix, Amazon, ICE, Restaurant Brands, Brookfield Corporation, Mastercard, S&P Global, Freddie Mac, Meta, Uber, Fannie Mae, Microsoft and Visa. Seaport Entertainment and SPARC are excluded from the factsheet list because they fall below 3%.", "verdict": "verified", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/10/14141351/PSH-Fact-Sheet-September-2026-Website.pdf", "locator": "PDF pp.1–2; portfolio company holdings and endnote 7", "notes": "This verifies fund-reported membership, not holdings weights or underlying issuer financial statements." } ], "corrections": [ { "file": "allocator-research.json", "path": "/psh/2/meaning", "oldValue": "Cash spent, shares retired and discount paid determine accretion to remaining shares.", "newValue": "Cash spent, shares repurchased and discount paid determine accretion to remaining shares.", "reason": "PSH repurchased shares are held in treasury and excluded from outstanding shares; they are not retired.", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDFp43/printedp41, share capital table and buyback policy", "period": "H1 2026", "currency": null, "units": "shares", "accountingBasis": "IFRS equity/share-capital disclosure" }, { "file": "pershing.html", "path": "paragraph beginning NAV per share can rise", "oldValue": "NAV per share can rise as investments gain value or buybacks retire shares below NAV.", "newValue": "NAV per share can rise as investments gain value or shares are repurchased below NAV.", "reason": "Repurchased PSH shares are held in treasury; use repurchased, not retired.", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDFp43 capital management", "period": "H1 2026", "currency": null, "units": "shares", "accountingBasis": "IFRS share capital disclosure" } ], "unresolved": [ "September factsheet does not report three-year NAV total return or matching YTD/one-/three-/five-/ten-year shareholder total returns. Six cells stay null; no unverified price-return substitution.", "The original H1 fee note does not provide a matching prior-year potential fee-reduction balance or actual period-average NAV. Two cells stay null; no endpoint-average estimate.", "The 15-entry 13F is manager-wide Pershing Square Inc. reporting, not PSH-only holdings. Fund membership evidence is not underlying-issuer statement verification; those issuer scorecards are covered separately in this register." ], "coverageCounts": { "numericChecks": 220, "documentedNulls": 8, "claims": 13, "corrections": 2 }, "batch": "funds", "name": "Pershing Square Holdings", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "All 200 mapped numeric fields and 20 daily repurchase metrics were verified or recalculated. Coverage includes annual NAV history, FY2024–FY2025 fees, H1 2026 accounts/bridge/debt/fees/attribution, 15 manager-wide 13F entries, all 15 September factsheet names and two below-threshold exclusions, and five distinct October buyback snapshots. Eight blank performance/fee denominator cells remain explicitly documented. Treasury-share wording corrections are recorded.", "originalUnresolved": [ "September factsheet does not report three-year NAV total return or matching YTD/one-/three-/five-/ten-year shareholder total returns. Six cells stay null; no unverified price-return substitution.", "The original H1 fee note does not provide a matching prior-year potential fee-reduction balance or actual period-average NAV. Two cells stay null; no endpoint-average estimate.", "Repurchased shares are held in treasury; they were not necessarily retired. Exact allocator and page wording corrections were supplied and parent reports them applied.", "The 15-entry 13F is manager-wide Pershing Square Inc. reporting, not PSH-only holdings. Fund membership evidence is not underlying-issuer statement verification; those scorecards belong to other audit batches." ], "correctionsApplied": 2, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 219, "calculated": 1, "not_verified": 8 }, "sourceCount": 11 }, { "id": "ps", "status": "verified", "periodsReviewed": [ "FY2021–FY2025", "Q2 2026", "30 June 2026 / Q2 2026", "2026-10-02" ], "summary": "Completed source review: 66 source checks, 0 arithmetic checks, 0 unverified checks. 0 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2026053/000119312526347123/ps-ex99_1.pdf", "locator": "Printed p.12, FRE and DE historical annual periods; pp.18–21 reconciliations", "period": "FY2021–FY2025", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "Issuer-recast non-GAAP FRE/DE", "statementStatus": "Final reported", "checks": [ { "file": "ps-data.json", "path": "/annual/0/managementFees", "value": 162.443, "status": "verified", "sourceValue": 162.443, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/0/preferredFees", "value": 75.555, "status": "verified", "sourceValue": 75.555, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/0/revenue", "value": 237.998, "status": "verified", "sourceValue": 237.998, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/0/costs", "value": 29.112, "status": "verified", "sourceValue": 29.112, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/0/fre", "value": 208.886, "status": "verified", "sourceValue": 208.886, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/0/de", "value": 207.954, "status": "verified", "sourceValue": 207.954, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/0/margin", "value": 87.8, "status": "verified", "sourceValue": 87.8, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "percent", "currency": null }, { "file": "ps-data.json", "path": "/annual/1/managementFees", "value": 163.515, "status": "verified", "sourceValue": 163.515, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/1/preferredFees", "value": 0.033, "status": "verified", "sourceValue": 0.033, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/1/revenue", "value": 163.548, "status": "verified", "sourceValue": 163.548, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/1/costs", "value": 37.695, "status": "verified", "sourceValue": 37.695, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/1/fre", "value": 125.853, "status": "verified", "sourceValue": 125.853, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/1/de", "value": 123.324, "status": "verified", "sourceValue": 123.324, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/1/margin", "value": 77, "status": "verified", "sourceValue": 77, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "percent", "currency": null }, { "file": "ps-data.json", "path": "/annual/2/managementFees", "value": 170.801, "status": "verified", "sourceValue": 170.801, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/2/preferredFees", "value": 177.66, "status": "verified", "sourceValue": 177.66, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/2/revenue", "value": 348.461, "status": "verified", "sourceValue": 348.461, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/2/costs", "value": 34.262, "status": "verified", "sourceValue": 34.262, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/2/fre", "value": 314.199, "status": "verified", "sourceValue": 314.199, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/2/de", "value": 307.869, "status": "verified", "sourceValue": 307.869, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/2/margin", "value": 90.2, "status": "verified", "sourceValue": 90.2, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "percent", "currency": null }, { "file": "ps-data.json", "path": "/annual/3/managementFees", "value": 206.067, "status": "verified", "sourceValue": 206.067, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/3/preferredFees", "value": 98.269, "status": "verified", "sourceValue": 98.269, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/3/revenue", "value": 304.336, "status": "verified", "sourceValue": 304.336, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/3/costs", "value": 35.197, "status": "verified", "sourceValue": 35.197, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/3/fre", "value": 269.139, "status": "verified", "sourceValue": 269.139, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/3/de", "value": 294.552, "status": "verified", "sourceValue": 294.552, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/3/margin", "value": 88.4, "status": "verified", "sourceValue": 88.4, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "percent", "currency": null }, { "file": "ps-data.json", "path": "/annual/4/managementFees", "value": 240.032, "status": "verified", "sourceValue": 240.032, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/4/preferredFees", "value": 102.604, "status": "verified", "sourceValue": 102.604, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/4/revenue", "value": 342.636, "status": "verified", "sourceValue": 342.636, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/4/costs", "value": 44.711, "status": "verified", "sourceValue": 44.711, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/4/fre", "value": 297.925, "status": "verified", "sourceValue": 297.925, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/4/de", "value": 312.533, "status": "verified", "sourceValue": 312.533, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/annual/4/margin", "value": 87, "status": "verified", "sourceValue": 87, "notes": "All eight numeric fields in each of five annual rows individually matched. Source USD thousands divided by 1000. FY2023 preferred fees are 87.087 + 90.573 carryforward =177.660. Annual margins are as reported; profit-sharing/rebate presentation recast.", "unit": "percent", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2026053/000119312526347123/ps-ex99_1.pdf", "locator": "Printed pp.3–4, GAAP and non-GAAP tables", "period": "Q2 2026", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "FRE and DE non-GAAP; gaapNetIncome attributable GAAP loss", "statementStatus": "Unaudited earnings presentation", "checks": [ { "file": "ps-data.json", "path": "/quarter/managementFees", "value": 68.029, "status": "verified", "sourceValue": 68.029, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/quarter/preferredFees", "value": 0, "status": "verified", "sourceValue": 0, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/quarter/revenue", "value": 68.029, "status": "verified", "sourceValue": 68.029, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/quarter/costs", "value": 11.968, "status": "verified", "sourceValue": 11.968, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/quarter/fre", "value": 56.061, "status": "verified", "sourceValue": 56.061, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/quarter/netInterest", "value": -1.79, "status": "verified", "sourceValue": -1.79, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/quarter/de", "value": 54.271, "status": "verified", "sourceValue": 54.271, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/quarter/dePerShare", "value": 0.14, "status": "verified", "sourceValue": 0.14, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "per share", "currency": "USD" }, { "file": "ps-data.json", "path": "/quarter/margin", "value": 82.4, "status": "verified", "sourceValue": 82.4, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "percent", "currency": null }, { "file": "ps-data.json", "path": "/quarter/gaapNetIncome", "value": -42.695, "status": "verified", "sourceValue": -42.695, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/quarter/shares", "value": 400, "status": "verified", "sourceValue": 400, "notes": "All twelve numeric quarterly fields matched; GAAP loss is attributable to PS, not consolidated net loss. Shares are 400 million presentation denominator. Expenses are shown as positive outflow magnitudes.", "unit": "million shares", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2026053/000119312526347123/ps-ex99_1.pdf", "locator": "Printed pp.5–6 and 9–11, AUM roll-forward, balance highlights and fund fees", "period": "30 June 2026 / Q2 2026", "currency": "USD", "units": "Millions unless percent or per-share", "accountingBasis": "Issuer management measures and rounded balances", "statementStatus": "Unaudited presentation", "checks": [ { "file": "ps-data.json", "path": "/capital/aum", "value": 32487, "status": "verified", "sourceValue": 32487, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/capital/feePaying", "value": 22258, "status": "verified", "sourceValue": 22258, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/capital/permanent", "value": 21791, "status": "verified", "sourceValue": 21791, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/capital/feeOpening", "value": 16970, "status": "verified", "sourceValue": 16970, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/capital/feeInflows", "value": 4879, "status": "verified", "sourceValue": 4879, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/capital/feeMarket", "value": 785, "status": "verified", "sourceValue": 785, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/capital/feeOutflows", "value": 376, "status": "verified", "sourceValue": 376, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/capital/cash", "value": 9, "status": "verified", "sourceValue": 9, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/capital/investmentsAndCash", "value": 852, "status": "verified", "sourceValue": 852, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/capital/debt", "value": 235, "status": "verified", "sourceValue": 235, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/capital/netInvestmentsAndCash", "value": 617, "status": "verified", "sourceValue": 617, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/engines/0/1", "value": 12936, "status": "verified", "sourceValue": 12936, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/engines/0/2", "value": 45.694, "status": "verified", "sourceValue": 45.694, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/engines/1/1", "value": 4593, "status": "verified", "sourceValue": 4593, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/engines/1/2", "value": 16.536, "status": "verified", "sourceValue": 16.536, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/engines/2/1", "value": 4263, "status": "verified", "sourceValue": 4263, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/engines/2/2", "value": 3.85, "status": "verified", "sourceValue": 3.85, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/engines/3/1", "value": 467, "status": "verified", "sourceValue": 467, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" }, { "file": "ps-data.json", "path": "/engines/3/2", "value": 1.949, "status": "verified", "sourceValue": 1.949, "notes": "Every capital and fund-engine field matched. HHH fee is base3.786+variable0.064=3.850. Published rounded capital rows sum22259 vs total22258; cash/investments is not freely available cash.", "unit": "million", "currency": "USD" } ] }, { "sourceUrl": "https://pershingsquareinc.com/pershing-square-declares-fourth-quarter-2026-dividend/", "locator": "Opening paragraph", "period": "2026-10-02", "currency": "USD", "units": "Per check", "accountingBasis": "Issuer dated disclosure; capital", "statementStatus": "Final disclosed observation, separately dated from financial statements", "checks": [ { "file": "companies/ps.json", "path": "/disclosures/0/metrics/0/value", "value": 0.103, "sourceValue": 0.103, "status": "verified", "currency": "USD", "unit": "USD per share", "notes": "Reported" } ] } ], "claims": [ { "file": "ps.html", "pathOrText": "history / portfolio / snapshot", "claim": "Recast historical manager results, Q2 partial-quarter PSUS fees, GAAP/FRE distinction, 98% permanent FPAUM, HHH fee split, capital bridge and all duplicated figures from ps-data.json", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2026053/000119312526347123/ps-ex99_1.pdf", "locator": "Printed pp.3–6,9–12,18–21", "notes": "Historical figures and factual accounting qualifiers checked; causal explanations are interpretation, not numerical forecasts." }, { "file": "companies/ps.json", "pathOrText": "/disclosures/0/summary", "claim": "Dividend declared on 2 October, payable 20 October to holders of record on 12 October. Declaration does not establish that payment has been completed or predict later dividends.", "verdict": "verified", "sourceUrl": "https://pershingsquareinc.com/pershing-square-declares-fourth-quarter-2026-dividend/", "locator": "Opening paragraph", "notes": "Fresh original opened; does not imply complete source-index scan or later completed payment." }, { "file": "ps.html", "pathOrText": "How the fees connect table and offset paragraph", "claim": "PSH management1.5%,performance16%abovehighwatermark;PSUS2%commonNAV,no performancefee;PSHoffset20%ofeligiblePSUSmanagementfeescarriesforward", "verdict": "verified", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDFpp44–45 PSHmanagement/performanceagreement;PSUSsemiannualprintedp29 and trusteesdiscussion", "notes": "PSUSagreement separately confirmed inSEC2002660/000119312526360100/d87027dncsrs.htm. 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This verifies fund positions and economics, not the investees’ financial statements.", "originalUnresolved": [], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": { "verified": 44, "calculated": 12 }, "sourceCount": 5 }, { "id": "asml", "status": "partial", "periodsReviewed": [ "FY 2021", "FY 2022", "FY 2023", "FY 2024", "FY 2025", "Q3 2025", "Q4 2025", "Q1 2026", "Q2 2026", "Q3 2026" ], "summary": "Completed source review: 168 source checks, 122 arithmetic checks, 41 unverified checks. 13 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/937966/000093796623000014/asml-20221231.htm", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/0/revenue", "value": 18611, "status": "verified", "sourceValue": 18611, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/service", "value": 4958.2, "status": "verified", "sourceValue": 4958.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/ebit", "value": 6750.1, "status": "verified", "sourceValue": 6750.1, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "Reported US GAAP operating profit includes €213.7m other income from disposal of subsidiaries. This one-off also enters the unadjusted operating EBITDA proxy." }, { "file": "asml-data.json", "path": "/periods/0/ocf", "value": 10845.8, "status": "verified", "sourceValue": 10845.8, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/capex", "value": 940.3, "status": "calculated", "sourceValue": 940.3000000000001, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Cash flow purchases: PPE 900.7 + intangibles 39.6, EUR million. Cash payments, not accounting additions." }, { "file": "asml-data.json", "path": "/periods/0/net", "value": 5883.2, "status": "verified", "sourceValue": 5883.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/gross", "value": 52.7, "status": "verified", "sourceValue": 52.7, "unit": "%", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/rd", "value": 2547, "status": "verified", "sourceValue": 2547, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/da", "value": 471, "status": "verified", "sourceValue": 471, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/euv", "value": 42, "status": "verified", "sourceValue": 42, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/low", "value": 42, "status": "calculated", "sourceValue": 42, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: total EUV − High NA." }, { "file": "asml-data.json", "path": "/periods/0/arfi", "value": 81, "status": "verified", "sourceValue": 81, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/arfdry", "value": 22, "status": "verified", "sourceValue": 22, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/krf", "value": 131, "status": "verified", "sourceValue": 131, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/iline", "value": 33, "status": "verified", "sourceValue": 33, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/units", "value": 309, "status": "verified", "sourceValue": 309, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/duv", "value": 267, "status": "calculated", "sourceValue": 267, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: ArFi + ArF dry + KrF + i-line." }, { "file": "asml-data.json", "path": "/periods/0/ebitda", "value": 7221.1, "status": "calculated", "sourceValue": 7221.1, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated as reported US GAAP operating profit plus cash flow statement D&A; the same definition is applied across all five years. FY2021 operating profit includes €213.7m other income from disposal of subsidiaries; this proxy is unadjusted. Formula: operating profit + cash-flow-statement D&A." }, { "file": "asml-data.json", "path": "/periods/0/fcf", "value": 9905.5, "status": "calculated", "sourceValue": 9905.5, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating cash flow − PPE and intangible cash purchases." }, { "file": "asml-data.json", "path": "/periods/0/system", "value": 13652.8, "status": "calculated", "sourceValue": 13652.8, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: revenue − service and field options." }, { "file": "asml-data.json", "path": "/periods/0/operating", "value": 36.26941056364516, "status": "calculated", "sourceValue": 36.26941056364516, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × EBIT / revenue." }, { "file": "asml-data.json", "path": "/periods/0/netmargin", "value": 31.61141260544839, "status": "calculated", "sourceValue": 31.61141260544839, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × net income / revenue." }, { "file": "asml-data.json", "path": "/periods/0/fcfmargin", "value": 53.22389984417818, "status": "calculated", "sourceValue": 53.22389984417818, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × FCF / revenue." }, { "file": "asml-data.json", "path": "/periods/0/servicemix", "value": 26.641233679007037, "status": "calculated", "sourceValue": 26.64123367900704, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × service / revenue." }, { "file": "asml-data.json", "path": "/periods/0/duvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No separate physical DUV shipment total established in the reviewed sources. DUV recognised unit sales are populated from Note 2, including all four DUV technologies." } ] }, { "sourceUrl": "https://www.asml.com/en/company/stories/2024/5-things-high-na-euv", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/0/high", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Timeline-derived zero before first High NA module shipment in December2023. Not directly tabulated annual dispatch data." }, { "file": "asml-data.json", "path": "/periods/0/highship", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Timeline-derived zero before first High NA module shipment in December2023. Not directly tabulated annual dispatch data." }, { "file": "asml-data.json", "path": "/periods/0/highcumulative", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Timeline-derived zero before first High NA module shipment in December2023. Not directly tabulated annual dispatch data." } ] }, { "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/asml-reports-eu18.6-billion-net-sales-and-eu5.9-billion-net-income-2021", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/0/bookings", "value": 26240, "status": "verified", "sourceValue": 26240, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/0/bookbill", "value": 1.9219500761748507, "status": "calculated", "sourceValue": 1.9219500761748507, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: bookings / system revenue." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/8595099e-4390-49f1-9813-0406d038aae6", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/0/backlog", "value": 24200, "status": "calculated", "sourceValue": 24200, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Rounded derivation from reported 2022 backlog EUR40.4bn / 1.67 = EUR24.1916bn, rounded EUR24.2bn; source input rounding prevents exact balance certification." }, { "file": "asml-data.json", "path": "/periods/0/coverage", "value": 1.7725301769600377, "status": "calculated", "sourceValue": 1.7725301769600377, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated using the approximate €24.2bn 2021 system backlog, derived from the following year’s reported 67% increase. Formula: backlog / system revenue." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/937966/000093796622000013/asml-20211231.htm", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/0/euvship", "value": 42, "status": "verified", "sourceValue": 42, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "2021 annual report: ASML explicitly states it shipped and recognised 42 EUV systems." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/937966/000093796623000014/asml-20221231.htm", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/1/revenue", "value": 21173.4, "status": "verified", "sourceValue": 21173.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/service", "value": 5743.1, "status": "verified", "sourceValue": 5743.1, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/ebit", "value": 6500.7, "status": "verified", "sourceValue": 6500.7, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/ocf", "value": 8486.8, "status": "verified", "sourceValue": 8486.8, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/capex", "value": 1319.3, "status": "calculated", "sourceValue": 1319.3, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Cash flow purchases: PPE 1281.8 + intangibles 37.5, EUR million. Cash payments, not accounting additions." }, { "file": "asml-data.json", "path": "/periods/1/net", "value": 5624.2, "status": "verified", "sourceValue": 5624.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/gross", "value": 50.5, "status": "verified", "sourceValue": 50.5, "unit": "%", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/rd", "value": 3253.5, "status": "verified", "sourceValue": 3253.5, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/da", "value": 583.6, "status": "verified", "sourceValue": 583.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/euv", "value": 40, "status": "verified", "sourceValue": 40, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/low", "value": 40, "status": "calculated", "sourceValue": 40, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: total EUV − High NA." }, { "file": "asml-data.json", "path": "/periods/1/arfi", "value": 81, "status": "verified", "sourceValue": 81, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/arfdry", "value": 28, "status": "verified", "sourceValue": 28, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/krf", "value": 151, "status": "verified", "sourceValue": 151, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/iline", "value": 45, "status": "verified", "sourceValue": 45, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/units", "value": 345, "status": "verified", "sourceValue": 345, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/duv", "value": 305, "status": "calculated", "sourceValue": 305, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: ArFi + ArF dry + KrF + i-line." }, { "file": "asml-data.json", "path": "/periods/1/ebitda", "value": 7084.3, "status": "calculated", "sourceValue": 7084.3, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated as reported US GAAP operating profit plus cash flow statement D&A; the same definition is applied across all five years. Formula: operating profit + cash-flow-statement D&A." }, { "file": "asml-data.json", "path": "/periods/1/fcf", "value": 7167.5, "status": "calculated", "sourceValue": 7167.499999999999, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating cash flow − PPE and intangible cash purchases." }, { "file": "asml-data.json", "path": "/periods/1/system", "value": 15430.3, "status": "calculated", "sourceValue": 15430.300000000001, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: revenue − service and field options." }, { "file": "asml-data.json", "path": "/periods/1/operating", "value": 30.70220181926379, "status": "calculated", "sourceValue": 30.70220181926379, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × EBIT / revenue." }, { "file": "asml-data.json", "path": "/periods/1/netmargin", "value": 26.562573795422555, "status": "calculated", "sourceValue": 26.562573795422555, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × net income / revenue." }, { "file": "asml-data.json", "path": "/periods/1/fcfmargin", "value": 33.851436236032, "status": "calculated", "sourceValue": 33.851436236032, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × FCF / revenue." }, { "file": "asml-data.json", "path": "/periods/1/servicemix", "value": 27.12412744292367, "status": "calculated", "sourceValue": 27.124127442923665, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × service / revenue." }, { "file": "asml-data.json", "path": "/periods/1/duvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No separate physical DUV shipment total established in the reviewed sources. DUV recognised unit sales are populated from Note 2, including all four DUV technologies." } ] }, { "sourceUrl": "https://www.asml.com/en/company/stories/2024/5-things-high-na-euv", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/1/high", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Timeline-derived zero before first High NA module shipment in December2023. Not directly tabulated annual dispatch data." }, { "file": "asml-data.json", "path": "/periods/1/highship", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Timeline-derived zero before first High NA module shipment in December2023. Not directly tabulated annual dispatch data." }, { "file": "asml-data.json", "path": "/periods/1/highcumulative", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Timeline-derived zero before first High NA module shipment in December2023. Not directly tabulated annual dispatch data." } ] }, { "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/asml-reports-eu21.2-billion-net-sales-and-eu5.6-billion-net-income-2022", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/1/bookings", "value": 30674, "status": "verified", "sourceValue": 30674, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/1/bookbill", "value": 1.9879069104294798, "status": "calculated", "sourceValue": 1.9879069104294798, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: bookings / system revenue." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/8595099e-4390-49f1-9813-0406d038aae6", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/1/backlog", "value": 40400, "status": "verified", "sourceValue": 40400, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported year-end system backlog in earnings remarks, rounded to €0.1bn. It is neither annual bookings nor the broader remaining performance obligations balance." }, { "file": "asml-data.json", "path": "/periods/1/euvship", "value": 54, "status": "verified", "sourceValue": 54, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Q4 FY2022 prepared remarks, p. 2: 54 EUV systems physically shipped versus 40 recognised in revenue." }, { "file": "asml-data.json", "path": "/periods/1/coverage", "value": 2.618225180327019, "status": "calculated", "sourceValue": 2.618225180327019, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: backlog / system revenue." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/937966/000093796624000008/asml-20231231.htm", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/2/revenue", "value": 27558.5, "status": "verified", "sourceValue": 27558.5, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/service", "value": 5619.9, "status": "verified", "sourceValue": 5619.9, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/ebit", "value": 9042.3, "status": "verified", "sourceValue": 9042.3, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/ocf", "value": 5443.4, "status": "verified", "sourceValue": 5443.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/capex", "value": 2196.2, "status": "calculated", "sourceValue": 2196.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Cash flow purchases: PPE 2155.6 + intangibles 40.6, EUR million. Cash payments, not accounting additions." }, { "file": "asml-data.json", "path": "/periods/2/net", "value": 7839, "status": "verified", "sourceValue": 7839, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/gross", "value": 51.3, "status": "verified", "sourceValue": 51.3, "unit": "%", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/rd", "value": 3980.6, "status": "verified", "sourceValue": 3980.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/da", "value": 739.8, "status": "verified", "sourceValue": 739.8, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/euv", "value": 53, "status": "verified", "sourceValue": 53, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/low", "value": 53, "status": "calculated", "sourceValue": 53, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: total EUV − High NA." }, { "file": "asml-data.json", "path": "/periods/2/arfi", "value": 125, "status": "verified", "sourceValue": 125, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/arfdry", "value": 32, "status": "verified", "sourceValue": 32, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/krf", "value": 184, "status": "verified", "sourceValue": 184, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/iline", "value": 55, "status": "verified", "sourceValue": 55, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/units", "value": 449, "status": "verified", "sourceValue": 449, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/2/duv", "value": 396, "status": "calculated", "sourceValue": 396, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: ArFi + ArF dry + KrF + i-line." }, { "file": "asml-data.json", "path": "/periods/2/ebitda", "value": 9782.1, "status": "calculated", "sourceValue": 9782.099999999999, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated as reported US GAAP operating profit plus cash flow statement D&A; the same definition is applied across all five years. Formula: operating profit + cash-flow-statement D&A." }, { "file": "asml-data.json", "path": "/periods/2/fcf", "value": 3247.2, "status": "calculated", "sourceValue": 3247.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating cash flow − PPE and intangible cash purchases." }, { "file": "asml-data.json", "path": "/periods/2/system", "value": 21938.6, "status": "calculated", "sourceValue": 21938.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: revenue − service and field options." }, { "file": "asml-data.json", "path": "/periods/2/operating", "value": 32.81129234174574, "status": "calculated", "sourceValue": 32.811292341745734, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × EBIT / revenue." }, { "file": "asml-data.json", "path": "/periods/2/netmargin", "value": 28.444944391022737, "status": "calculated", "sourceValue": 28.444944391022734, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × net income / revenue." }, { "file": "asml-data.json", "path": "/periods/2/fcfmargin", "value": 11.782934484823194, "status": "calculated", "sourceValue": 11.782934484823194, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × FCF / revenue." }, { "file": "asml-data.json", "path": "/periods/2/servicemix", "value": 20.392619337046643, "status": "calculated", "sourceValue": 20.392619337046646, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × service / revenue." }, { "file": "asml-data.json", "path": "/periods/2/duvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No separate physical DUV shipment total established in the reviewed sources. DUV recognised unit sales are populated from Note 2, including all four DUV technologies." } ] }, { "sourceUrl": "https://www.asml.com/en/company/stories/2024/5-things-high-na-euv", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/2/high", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "FY2023 Note2 contains only53 NXE recognised EUV units and no EXE; acceptance and first EXE recognition occurred2024." }, { "file": "asml-data.json", "path": "/periods/2/highship", "value": 1, "status": "verified", "sourceValue": 1, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "One announced system shipment milestone: first modules of the first EXE system shipped in December 2023. This does not mean a fully installed/accepted system or recognised revenue." }, { "file": "asml-data.json", "path": "/periods/2/highcumulative", "value": 1, "status": "verified", "sourceValue": 1, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "One announced system shipment milestone: first modules of the first EXE system shipped in December 2023. This does not mean a fully installed/accepted system or recognised revenue." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/ed9e64a6-1bdc-4d9b-aa24-85108c2e31c9", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/2/bookings", "value": 20041, "status": "verified", "sourceValue": 20041, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Latest five-year comparison in Q4 FY2025 investor presentation reports €20,041m. Original FY2023 earnings release reports €20,040m. The newer comparable is used; difference is €1m." }, { "file": "asml-data.json", "path": "/periods/2/bookbill", "value": 0.9135040522184643, "status": "calculated", "sourceValue": 0.9135040522184643, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: bookings / system revenue." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/62102bfe-adc8-4993-9f44-1c28a01eae19", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/2/backlog", "value": 39000, "status": "verified", "sourceValue": 39000, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported year-end system backlog in earnings remarks, rounded to €0.1bn. It is neither annual bookings nor the broader remaining performance obligations balance." }, { "file": "asml-data.json", "path": "/periods/2/euvship", "value": 42, "status": "verified", "sourceValue": 42, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Q4 FY2023 prepared remarks, p. 2: 42 EUV systems shipped versus 53 recognised. High NA first-module shipment is tracked separately; do not assume these 42 include EXE." }, { "file": "asml-data.json", "path": "/periods/2/coverage", "value": 1.7776886401137721, "status": "calculated", "sourceValue": 1.7776886401137721, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: backlog / system revenue." } ] }, { "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/asml-reports-eu27.6-billion-net-sales-and-eu7.8-billion-net-income-2023", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/2/bookingsOriginallyReported", "value": 20040, "status": "verified", "sourceValue": 20040, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Original FY2023 result release 20,040; current comparative 20,041 is separately retained." } ] }, { "sourceUrl": "https://ourbrand.asml.com/m/79d325b168e0fd7e/original/2024-Annual-Report-based-on-US-GAAP.pdf", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/3/revenue", "value": 28262.9, "status": "verified", "sourceValue": 28262.9, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/service", "value": 6494.2, "status": "verified", "sourceValue": 6494.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/ebit", "value": 9022.6, "status": "verified", "sourceValue": 9022.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/ocf", "value": 11166.2, "status": "verified", "sourceValue": 11166.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/capex", "value": 2083.1, "status": "calculated", "sourceValue": 2083.1, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Cash flow purchases: PPE 2067.2 + intangibles 15.9, EUR million. Cash payments, not accounting additions." }, { "file": "asml-data.json", "path": "/periods/3/net", "value": 7571.6, "status": "verified", "sourceValue": 7571.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/gross", "value": 51.3, "status": "verified", "sourceValue": 51.3, "unit": "%", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/low", "value": 42, "status": "calculated", "sourceValue": 42, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: total EUV − High NA." }, { "file": "asml-data.json", "path": "/periods/3/high", "value": 2, "status": "verified", "sourceValue": 2, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/rd", "value": 4303.7, "status": "verified", "sourceValue": 4303.7, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/units", "value": 418, "status": "verified", "sourceValue": 418, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/fcf", "value": 9083.1, "status": "calculated", "sourceValue": 9083.1, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating cash flow − PPE and intangible cash purchases." }, { "file": "asml-data.json", "path": "/periods/3/operating", "value": 31.923829472559433, "status": "calculated", "sourceValue": 31.923829472559433, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × EBIT / revenue." }, { "file": "asml-data.json", "path": "/periods/3/netmargin", "value": 26.78989063401137, "status": "calculated", "sourceValue": 26.78989063401137, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × net income / revenue." }, { "file": "asml-data.json", "path": "/periods/3/fcfmargin", "value": 32.137891016137765, "status": "calculated", "sourceValue": 32.137891016137765, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × FCF / revenue." }, { "file": "asml-data.json", "path": "/periods/3/servicemix", "value": 22.97782605465115, "status": "calculated", "sourceValue": 22.97782605465115, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × service / revenue." }, { "file": "asml-data.json", "path": "/periods/3/system", "value": 21768.7, "status": "calculated", "sourceValue": 21768.7, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: revenue − service and field options." }, { "file": "asml-data.json", "path": "/periods/3/da", "value": 918.6, "status": "verified", "sourceValue": 918.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/duvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/3/euvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "The reviewed annual report and full-year prepared remarks report EUV units recognised (including NXE and EXE), but do not establish a distinct full-year physical-dispatch total. It is not safe to copy recognised units into this field." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/ed9e64a6-1bdc-4d9b-aa24-85108c2e31c9", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/3/duv", "value": 374, "status": "calculated", "sourceValue": 374, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series. Formula: ArFi + ArF dry + KrF + i-line." }, { "file": "asml-data.json", "path": "/periods/3/euv", "value": 44, "status": "verified", "sourceValue": 44, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/3/backlog", "value": 35938, "status": "verified", "sourceValue": 35938, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/bookings", "value": 18899, "status": "verified", "sourceValue": 18899, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/3/coverage", "value": 1.6509024424977146, "status": "calculated", "sourceValue": 1.6509024424977146, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: backlog / system revenue." }, { "file": "asml-data.json", "path": "/periods/3/bookbill", "value": 0.8681731109345069, "status": "calculated", "sourceValue": 0.8681731109345069, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: bookings / system revenue." }, { "file": "asml-data.json", "path": "/periods/3/arfi", "value": 129, "status": "verified", "sourceValue": 129, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/3/arfdry", "value": 28, "status": "verified", "sourceValue": 28, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/3/krf", "value": 152, "status": "verified", "sourceValue": 152, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/3/iline", "value": 65, "status": "verified", "sourceValue": 65, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." } ] }, { "sourceUrl": "https://ourbrand.asml.com/m/71076aaad607de4d/original/asml-2025-annual-report-based-on-us-gaap.pdf", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/3/ebitda", "value": 9941.2, "status": "calculated", "sourceValue": 9941.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated from operating profit plus D&A. 2025 Annual Report, printed pages 279 and 281; annual D&A: 2024 €918.6m, 2025 €1,025.9m. Formula: operating profit + cash-flow-statement D&A." } ] }, { "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q1-2025-financial-results", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/3/highcumulative", "value": 3, "status": "verified", "sourceValue": 3, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported customer-shipment cumulative milestone", "notes": "The Q4 2024 issuer release says a third High NA system was shipped to a customer in Q4. The 2024 annual report, p.22, describes four systems comprising the Veldhoven laboratory prototype, two Intel installations and one Asian customer shipment: three customer systems. The statement that the fifth customer system shipped in Q1 2025 cannot establish four at the previous year-end because more than one system can ship within a quarter. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "reviewedSnapshotValue": 4, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "period": "FY2024" }, { "file": "asml-data.json", "path": "/periods/3/highship", "value": 2, "status": "calculated", "sourceValue": 2, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated shipment milestone count", "notes": "The Q4 2024 issuer release says a third High NA system was shipped to a customer in Q4. The 2024 annual report, p.22, describes four systems comprising the Veldhoven laboratory prototype, two Intel installations and one Asian customer shipment: three customer systems. The statement that the fifth customer system shipped in Q1 2025 cannot establish four at the previous year-end because more than one system can ship within a quarter. Annual 2024 milestones equal 3 minus 1 at end-2023 = 2. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "reviewedSnapshotValue": 3, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "period": "FY2024" } ] }, { "sourceUrl": "https://ourbrand.asml.com/m/71076aaad607de4d/original/asml-2025-annual-report-based-on-us-gaap.pdf", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/4/revenue", "value": 32667.3, "status": "verified", "sourceValue": 32667.3, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/service", "value": 8193, "status": "verified", "sourceValue": 8193, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/ebit", "value": 11301.4, "status": "verified", "sourceValue": 11301.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/ocf", "value": 12658.5, "status": "verified", "sourceValue": 12658.5, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/capex", "value": 1631.2, "status": "calculated", "sourceValue": 1631.1999999999998, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Cash flow purchases: PPE 1573.6 + intangibles 57.6, EUR million. Cash payments, not accounting additions." }, { "file": "asml-data.json", "path": "/periods/4/net", "value": 9609.4, "status": "verified", "sourceValue": 9609.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/gross", "value": 52.8, "status": "verified", "sourceValue": 52.8, "unit": "%", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/low", "value": 44, "status": "calculated", "sourceValue": 44, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: total EUV − High NA." }, { "file": "asml-data.json", "path": "/periods/4/high", "value": 4, "status": "verified", "sourceValue": 4, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/rd", "value": 4698.8, "status": "verified", "sourceValue": 4698.8, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/units", "value": 327, "status": "verified", "sourceValue": 327, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/fcf", "value": 11027.3, "status": "calculated", "sourceValue": 11027.3, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating cash flow − PPE and intangible cash purchases." }, { "file": "asml-data.json", "path": "/periods/4/operating", "value": 34.595451720833985, "status": "calculated", "sourceValue": 34.595451720833985, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × EBIT / revenue." }, { "file": "asml-data.json", "path": "/periods/4/netmargin", "value": 29.415960302810458, "status": "calculated", "sourceValue": 29.415960302810458, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × net income / revenue." }, { "file": "asml-data.json", "path": "/periods/4/fcfmargin", "value": 33.75638635577473, "status": "calculated", "sourceValue": 33.75638635577474, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × FCF / revenue." }, { "file": "asml-data.json", "path": "/periods/4/servicemix", "value": 25.08012599755719, "status": "calculated", "sourceValue": 25.08012599755719, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × service / revenue." }, { "file": "asml-data.json", "path": "/periods/4/system", "value": 24474.3, "status": "calculated", "sourceValue": 24474.3, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: revenue − service and field options." }, { "file": "asml-data.json", "path": "/periods/4/da", "value": 1025.9, "status": "verified", "sourceValue": 1025.9, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/ebitda", "value": 12327.3, "status": "calculated", "sourceValue": 12327.3, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated from operating profit plus D&A. 2025 Annual Report, printed pages 279 and 281; annual D&A: 2024 €918.6m, 2025 €1,025.9m. Formula: operating profit + cash-flow-statement D&A." }, { "file": "asml-data.json", "path": "/periods/4/duvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/4/euvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "The reviewed annual report and full-year prepared remarks report EUV units recognised (including NXE and EXE), but do not establish a distinct full-year physical-dispatch total. It is not safe to copy recognised units into this field." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/ed9e64a6-1bdc-4d9b-aa24-85108c2e31c9", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/4/duv", "value": 279, "status": "calculated", "sourceValue": 279, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series. Formula: ArFi + ArF dry + KrF + i-line." }, { "file": "asml-data.json", "path": "/periods/4/euv", "value": 48, "status": "verified", "sourceValue": 48, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/4/backlog", "value": 38797, "status": "verified", "sourceValue": 38797, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/bookings", "value": 28035, "status": "verified", "sourceValue": 28035, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/coverage", "value": 1.5852138774142672, "status": "calculated", "sourceValue": 1.5852138774142672, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: backlog / system revenue." }, { "file": "asml-data.json", "path": "/periods/4/bookbill", "value": 1.1454873070935634, "status": "calculated", "sourceValue": 1.1454873070935634, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: bookings / system revenue." }, { "file": "asml-data.json", "path": "/periods/4/arfi", "value": 131, "status": "verified", "sourceValue": 131, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/4/arfdry", "value": 16, "status": "verified", "sourceValue": 16, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/4/krf", "value": 78, "status": "verified", "sourceValue": 78, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/4/iline", "value": 54, "status": "verified", "sourceValue": 54, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." } ] }, { "sourceUrl": "https://ourbrand.asml.com/asset/d5e933d7-78d0-406c-aed7-a46626e63381/2026_-AGM-_presentation.pdf", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "FY 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "audited annual financial statements; operating disclosures as reported", "checks": [ { "file": "asml-data.json", "path": "/periods/4/highcumulative", "value": 8, "status": "verified", "sourceValue": 8, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/4/highship", "value": 5, "status": "calculated", "sourceValue": 5, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated shipment milestone count", "notes": "The Q4 2024 issuer release says a third High NA system was shipped to a customer in Q4. The 2024 annual report, p.22, describes four systems comprising the Veldhoven laboratory prototype, two Intel installations and one Asian customer shipment: three customer systems. The statement that the fifth customer system shipped in Q1 2025 cannot establish four at the previous year-end because more than one system can ship within a quarter. Annual 2025 milestones equal 8 at end-2025 minus 3 at end-2024 = 5. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "sourceUrl": "https://ourbrand.asml.com/asset/d5e933d7-78d0-406c-aed7-a46626e63381/2026_-AGM-_presentation.pdf", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "reviewedSnapshotValue": 4, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "period": "FY2025" } ] }, { "sourceUrl": "https://ml-eu.globenewswire.com/Resource/Download/5bcb0f5c-1729-4046-baad-849ca7feb9a3", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q3 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/5/revenue", "value": 7516, "status": "verified", "sourceValue": 7516, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/5/service", "value": 1962.2, "status": "verified", "sourceValue": 1962.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/5/ebit", "value": 2468.4, "status": "verified", "sourceValue": 2468.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/5/ocf", "value": 559.1, "status": "verified", "sourceValue": 559.1, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/5/capex", "value": 315.4, "status": "calculated", "sourceValue": 315.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Cash flow purchases: PPE 295.9 + intangibles 19.5, EUR million. Cash payments, not accounting additions." }, { "file": "asml-data.json", "path": "/periods/5/net", "value": 2124.5, "status": "verified", "sourceValue": 2124.5, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/5/gross", "value": 51.6, "status": "verified", "sourceValue": 51.6, "unit": "%", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/5/da", "value": 274.6, "status": "verified", "sourceValue": 274.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/5/rd", "value": 1108.7, "status": "verified", "sourceValue": 1108.7, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/5/units", "value": 72, "status": "verified", "sourceValue": 72, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/5/fcf", "value": 243.7, "status": "calculated", "sourceValue": 243.70000000000005, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating cash flow − PPE and intangible cash purchases." }, { "file": "asml-data.json", "path": "/periods/5/operating", "value": 32.84193720063864, "status": "calculated", "sourceValue": 32.84193720063864, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × EBIT / revenue." }, { "file": "asml-data.json", "path": "/periods/5/netmargin", "value": 28.266365087812666, "status": "calculated", "sourceValue": 28.266365087812666, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × net income / revenue." }, { "file": "asml-data.json", "path": "/periods/5/fcfmargin", "value": 3.2424161788185213, "status": "calculated", "sourceValue": 3.2424161788185204, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × FCF / revenue." }, { "file": "asml-data.json", "path": "/periods/5/servicemix", "value": 26.106971793507185, "status": "calculated", "sourceValue": 26.106971793507185, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × service / revenue." }, { "file": "asml-data.json", "path": "/periods/5/system", "value": 5553.8, "status": "calculated", "sourceValue": 5553.8, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: revenue − service and field options." }, { "file": "asml-data.json", "path": "/periods/5/ebitda", "value": 2743, "status": "calculated", "sourceValue": 2743.0, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating profit + cash-flow-statement D&A." }, { "file": "asml-data.json", "path": "/periods/5/duvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/5/euvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/5/highship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No complete physical-shipment count for this period identified in reviewed sources. Recognised High NA sales and cumulative deliveries are separate measures." }, { "file": "asml-data.json", "path": "/periods/5/highcumulative", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No separately disclosed comparable value established for this period; blank is retained, not zero." }, { "file": "asml-data.json", "path": "/periods/5/backlog", "value": null, "status": "not_verified", "sourceValue": null, "unit": "EUR million", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "No separately disclosed comparable value established for this period; blank is retained, not zero." }, { "file": "asml-data.json", "path": "/periods/5/coverage", "value": null, "status": "not_verified", "sourceValue": null, "unit": "times", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Coverage is defined as backlog / completed annual system sales. A quarter is not an annual denominator." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/ed9e64a6-1bdc-4d9b-aa24-85108c2e31c9", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q3 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/5/euv", "value": 9, "status": "verified", "sourceValue": 9, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/5/arfi", "value": 38, "status": "verified", "sourceValue": 38, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/5/arfdry", "value": 4, "status": "verified", "sourceValue": 4, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/5/krf", "value": 11, "status": "verified", "sourceValue": 11, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/5/iline", "value": 10, "status": "verified", "sourceValue": 10, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/5/duv", "value": 63, "status": "calculated", "sourceValue": 63, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series. Formula: ArFi + ArF dry + KrF + i-line." }, { "file": "asml-data.json", "path": "/periods/5/bookings", "value": 5399, "status": "verified", "sourceValue": 5399, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/5/bookbill", "value": 0.9721271921927329, "status": "calculated", "sourceValue": 0.9721271921927329, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: bookings / system revenue." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/cb251f1e-003a-437f-bd48-642470f5fd60", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q3 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/5/high", "value": 1, "status": "verified", "sourceValue": 1, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Q3 2025 results video transcript, p. 1: one High NA system recognised." }, { "file": "asml-data.json", "path": "/periods/5/low", "value": 8, "status": "calculated", "sourceValue": 8, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated: 9 total EUV unit sales less 1 High NA system recognised. Formula: total EUV − High NA." } ] }, { "sourceUrl": "https://ml-eu.globenewswire.com/Resource/Download/5bcb0f5c-1729-4046-baad-849ca7feb9a3", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q4 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/6/revenue", "value": 9718.1, "status": "verified", "sourceValue": 9718.1, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/service", "value": 2134.1, "status": "verified", "sourceValue": 2134.1, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/ebit", "value": 3431.1, "status": "verified", "sourceValue": 3431.1, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/ocf", "value": 11410.3, "status": "verified", "sourceValue": 11410.3, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/capex", "value": 470.4, "status": "calculated", "sourceValue": 470.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Cash flow purchases: PPE 447.9 + intangibles 22.5, EUR million. Cash payments, not accounting additions." }, { "file": "asml-data.json", "path": "/periods/6/net", "value": 2839.6, "status": "verified", "sourceValue": 2839.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/gross", "value": 52.2, "status": "verified", "sourceValue": 52.2, "unit": "%", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/da", "value": 255.2, "status": "verified", "sourceValue": 255.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/rd", "value": 1262.3, "status": "verified", "sourceValue": 1262.3, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/units", "value": 102, "status": "verified", "sourceValue": 102, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/fcf", "value": 10939.9, "status": "calculated", "sourceValue": 10939.9, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating cash flow − PPE and intangible cash purchases." }, { "file": "asml-data.json", "path": "/periods/6/operating", "value": 35.30628415019397, "status": "calculated", "sourceValue": 35.30628415019397, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × EBIT / revenue." }, { "file": "asml-data.json", "path": "/periods/6/netmargin", "value": 29.219703439972832, "status": "calculated", "sourceValue": 29.219703439972832, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × net income / revenue." }, { "file": "asml-data.json", "path": "/periods/6/fcfmargin", "value": 112.5724164188473, "status": "calculated", "sourceValue": 112.5724164188473, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × FCF / revenue." }, { "file": "asml-data.json", "path": "/periods/6/servicemix", "value": 21.96005392000494, "status": "calculated", "sourceValue": 21.96005392000494, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × service / revenue." }, { "file": "asml-data.json", "path": "/periods/6/system", "value": 7584, "status": "calculated", "sourceValue": 7584.0, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: revenue − service and field options." }, { "file": "asml-data.json", "path": "/periods/6/ebitda", "value": 3686.3, "status": "calculated", "sourceValue": 3686.2999999999997, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating profit + cash-flow-statement D&A." }, { "file": "asml-data.json", "path": "/periods/6/duvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/6/euvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/6/highship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No complete physical-shipment count for this period identified in reviewed sources. Recognised High NA sales and cumulative deliveries are separate measures." }, { "file": "asml-data.json", "path": "/periods/6/coverage", "value": null, "status": "not_verified", "sourceValue": null, "unit": "times", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Coverage is defined as backlog / completed annual system sales. A quarter is not an annual denominator." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/ed9e64a6-1bdc-4d9b-aa24-85108c2e31c9", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q4 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/6/euv", "value": 14, "status": "verified", "sourceValue": 14, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/6/arfi", "value": 37, "status": "verified", "sourceValue": 37, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/6/arfdry", "value": 5, "status": "verified", "sourceValue": 5, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/6/krf", "value": 29, "status": "verified", "sourceValue": 29, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/6/iline", "value": 17, "status": "verified", "sourceValue": 17, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/6/duv", "value": 88, "status": "calculated", "sourceValue": 88, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series. Formula: ArFi + ArF dry + KrF + i-line." } ] }, { "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2025-financial-results", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q4 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/6/high", "value": 2, "status": "verified", "sourceValue": 2, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/low", "value": 12, "status": "calculated", "sourceValue": 12, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated: 14 total EUV unit sales less 2 High NA systems recognised in Q4. Formula: total EUV − High NA." }, { "file": "asml-data.json", "path": "/periods/6/bookings", "value": 13158, "status": "verified", "sourceValue": 13158, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/backlog", "value": 38797, "status": "verified", "sourceValue": 38797, "unit": "EUR million", "currency": "EUR", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/6/bookbill", "value": 1.7349683544303798, "status": "calculated", "sourceValue": 1.7349683544303798, "unit": "times", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: bookings / system revenue." } ] }, { "sourceUrl": "https://ourbrand.asml.com/asset/d5e933d7-78d0-406c-aed7-a46626e63381/2026_-AGM-_presentation.pdf", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q4 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/6/highcumulative", "value": 8, "status": "verified", "sourceValue": 8, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "2026 AGM presentation, p.15, explicitly reports eight High NA systems shipped in total through end-2025. Same year-end observation as FY2025; not eight shipments during Q4." } ] }, { "sourceUrl": "https://ml-eu.globenewswire.com/Resource/Download/5bcb0f5c-1729-4046-baad-849ca7feb9a3", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q1 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/7/revenue", "value": 8766.9, "status": "verified", "sourceValue": 8766.9, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/7/service", "value": 2487.5, "status": "verified", "sourceValue": 2487.5, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/7/ebit", "value": 3157.8, "status": "verified", "sourceValue": 3157.8, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/7/ocf", "value": -2185.6, "status": "verified", "sourceValue": -2185.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/7/capex", "value": 422.3, "status": "calculated", "sourceValue": 422.29999999999995, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Cash flow purchases: PPE 402.4 + intangibles 19.9, EUR million. Cash payments, not accounting additions." }, { "file": "asml-data.json", "path": "/periods/7/net", "value": 2756.7, "status": "verified", "sourceValue": 2756.7, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/7/gross", "value": 53, "status": "verified", "sourceValue": 53, "unit": "%", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/7/da", "value": 259.4, "status": "verified", "sourceValue": 259.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/7/rd", "value": 1184.9, "status": "verified", "sourceValue": 1184.9, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/7/units", "value": 79, "status": "verified", "sourceValue": 79, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/7/fcf", "value": -2607.9, "status": "calculated", "sourceValue": -2607.9, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating cash flow − PPE and intangible cash purchases." }, { "file": "asml-data.json", "path": "/periods/7/operating", "value": 36.019573623515726, "status": "calculated", "sourceValue": 36.019573623515726, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × EBIT / revenue." }, { "file": "asml-data.json", "path": "/periods/7/netmargin", "value": 31.44441022482291, "status": "calculated", "sourceValue": 31.444410224822914, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × net income / revenue." }, { "file": "asml-data.json", "path": "/periods/7/fcfmargin", "value": -29.74711699688602, "status": "calculated", "sourceValue": -29.747116996886017, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × FCF / revenue." }, { "file": "asml-data.json", "path": "/periods/7/servicemix", "value": 28.373769519442448, "status": "calculated", "sourceValue": 28.37376951944245, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × service / revenue." }, { "file": "asml-data.json", "path": "/periods/7/system", "value": 6279.4, "status": "calculated", "sourceValue": 6279.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: revenue − service and field options." }, { "file": "asml-data.json", "path": "/periods/7/ebitda", "value": 3417.2, "status": "calculated", "sourceValue": 3417.2000000000003, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating profit + cash-flow-statement D&A." }, { "file": "asml-data.json", "path": "/periods/7/duvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/7/euvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/7/highship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No complete physical-shipment count for this period identified in reviewed sources. Recognised High NA sales and cumulative deliveries are separate measures." }, { "file": "asml-data.json", "path": "/periods/7/highcumulative", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No separately disclosed comparable value established for this period; blank is retained, not zero." }, { "file": "asml-data.json", "path": "/periods/7/bookings", "value": null, "status": "not_verified", "sourceValue": null, "unit": "EUR million", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Disclosure policy, Q4 FY2024 prepared remarks, p. 2: quarterly bookings stop after 2025; from 2026 total systems backlog is reported annually. No 2026 year-end report yet exists. This is a reporting-frequency limit, not zero." }, { "file": "asml-data.json", "path": "/periods/7/backlog", "value": null, "status": "not_verified", "sourceValue": null, "unit": "EUR million", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Disclosure policy, Q4 FY2024 prepared remarks, p. 2: quarterly bookings stop after 2025; from 2026 total systems backlog is reported annually. No 2026 year-end report yet exists. This is a reporting-frequency limit, not zero." }, { "file": "asml-data.json", "path": "/periods/7/coverage", "value": null, "status": "not_verified", "sourceValue": null, "unit": "times", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Coverage is defined as backlog / completed annual system sales. A quarter is not an annual denominator." }, { "file": "asml-data.json", "path": "/periods/7/bookbill", "value": null, "status": "not_verified", "sourceValue": null, "unit": "times", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Disclosure policy, Q4 FY2024 prepared remarks, p. 2: quarterly bookings stop after 2025; from 2026 total systems backlog is reported annually. No 2026 year-end report yet exists. This is a reporting-frequency limit, not zero." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/0d685898-3b07-4658-8037-d60d422e66d2", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q1 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/7/euv", "value": 16, "status": "verified", "sourceValue": 16, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/7/arfi", "value": 17, "status": "verified", "sourceValue": 17, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/7/arfdry", "value": 5, "status": "verified", "sourceValue": 5, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/7/krf", "value": 30, "status": "verified", "sourceValue": 30, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/7/iline", "value": 11, "status": "verified", "sourceValue": 11, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/7/duv", "value": 63, "status": "calculated", "sourceValue": 63, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series. Formula: ArFi + ArF dry + KrF + i-line." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/26c1a92e-56cc-4e01-b607-ca36917b2a0c", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q1 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/7/high", "value": 2, "status": "verified", "sourceValue": 2, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Q1 2026 prepared remarks, p. 1: EUV sales include two High NA systems." }, { "file": "asml-data.json", "path": "/periods/7/low", "value": 14, "status": "calculated", "sourceValue": 14, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated: 16 total EUV units recognised less 2 High NA = 14 NXE. Formula: total EUV − High NA." } ] }, { "sourceUrl": "https://ml-eu.globenewswire.com/Resource/Download/5bcb0f5c-1729-4046-baad-849ca7feb9a3", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q2 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/8/revenue", "value": 9326.5, "status": "verified", "sourceValue": 9326.5, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/8/service", "value": 2761.7, "status": "verified", "sourceValue": 2761.7, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/8/ebit", "value": 3456.1, "status": "verified", "sourceValue": 3456.1, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/8/ocf", "value": 1703, "status": "verified", "sourceValue": 1703, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/8/capex", "value": 386, "status": "calculated", "sourceValue": 386.0, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Cash flow purchases: PPE 299.4 + intangibles 86.6, EUR million. Cash payments, not accounting additions." }, { "file": "asml-data.json", "path": "/periods/8/net", "value": 2917.6, "status": "verified", "sourceValue": 2917.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/8/gross", "value": 54, "status": "verified", "sourceValue": 54, "unit": "%", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/8/da", "value": 246.9, "status": "verified", "sourceValue": 246.9, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/8/rd", "value": 1276.6, "status": "verified", "sourceValue": 1276.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/8/units", "value": 91, "status": "verified", "sourceValue": 91, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/8/fcf", "value": 1317, "status": "calculated", "sourceValue": 1317, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating cash flow − PPE and intangible cash purchases." }, { "file": "asml-data.json", "path": "/periods/8/operating", "value": 37.0567737093229, "status": "calculated", "sourceValue": 37.0567737093229, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × EBIT / revenue." }, { "file": "asml-data.json", "path": "/periods/8/netmargin", "value": 31.28290355438803, "status": "calculated", "sourceValue": 31.282903554388035, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × net income / revenue." }, { "file": "asml-data.json", "path": "/periods/8/fcfmargin", "value": 14.121052913740417, "status": "calculated", "sourceValue": 14.121052913740417, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × FCF / revenue." }, { "file": "asml-data.json", "path": "/periods/8/servicemix", "value": 29.611322575457027, "status": "calculated", "sourceValue": 29.61132257545703, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × service / revenue." }, { "file": "asml-data.json", "path": "/periods/8/system", "value": 6564.8, "status": "calculated", "sourceValue": 6564.8, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: revenue − service and field options." }, { "file": "asml-data.json", "path": "/periods/8/ebitda", "value": 3703, "status": "calculated", "sourceValue": 3703.0, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating profit + cash-flow-statement D&A." }, { "file": "asml-data.json", "path": "/periods/8/duvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/8/euvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/8/highship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No complete physical-shipment count for this period identified in reviewed sources. Recognised High NA sales and cumulative deliveries are separate measures." }, { "file": "asml-data.json", "path": "/periods/8/highcumulative", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No separately disclosed comparable value established for this period; blank is retained, not zero." }, { "file": "asml-data.json", "path": "/periods/8/bookings", "value": null, "status": "not_verified", "sourceValue": null, "unit": "EUR million", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Disclosure policy, Q4 FY2024 prepared remarks, p. 2: quarterly bookings stop after 2025; from 2026 total systems backlog is reported annually. No 2026 year-end report yet exists. This is a reporting-frequency limit, not zero." }, { "file": "asml-data.json", "path": "/periods/8/backlog", "value": null, "status": "not_verified", "sourceValue": null, "unit": "EUR million", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Disclosure policy, Q4 FY2024 prepared remarks, p. 2: quarterly bookings stop after 2025; from 2026 total systems backlog is reported annually. No 2026 year-end report yet exists. This is a reporting-frequency limit, not zero." }, { "file": "asml-data.json", "path": "/periods/8/coverage", "value": null, "status": "not_verified", "sourceValue": null, "unit": "times", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Coverage is defined as backlog / completed annual system sales. A quarter is not an annual denominator." }, { "file": "asml-data.json", "path": "/periods/8/bookbill", "value": null, "status": "not_verified", "sourceValue": null, "unit": "times", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Disclosure policy, Q4 FY2024 prepared remarks, p. 2: quarterly bookings stop after 2025; from 2026 total systems backlog is reported annually. No 2026 year-end report yet exists. This is a reporting-frequency limit, not zero." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/44d4bee1-b2f9-41b7-b3f8-1bf28f993fe6", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q2 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/8/euv", "value": 16, "status": "verified", "sourceValue": 16, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/8/arfi", "value": 23, "status": "verified", "sourceValue": 23, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/8/arfdry", "value": 8, "status": "verified", "sourceValue": 8, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/8/krf", "value": 35, "status": "verified", "sourceValue": 35, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/8/iline", "value": 9, "status": "verified", "sourceValue": 9, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/8/duv", "value": 75, "status": "calculated", "sourceValue": 75, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series. Formula: ArFi + ArF dry + KrF + i-line." } ] }, { "sourceUrl": "https://ourbrand.asml.com/asset/1fd3908a-0381-47b5-9b69-a3094f656651/2026_07_15-ASML-Transcript-investor-call-Q2-2026.pdf", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q2 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/8/high", "value": 1, "status": "verified", "sourceValue": 1, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Q2 2026 investor call prepared remarks, PDF p.1, report sales of one High NA EUV system." }, { "file": "asml-data.json", "path": "/periods/8/low", "value": 15, "status": "calculated", "sourceValue": 15, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated: 16 total EUV units recognised less 1 High NA unit = 15 Low NA units. Physical shipments are separate. Formula: total EUV − High NA." } ] }, { "sourceUrl": "https://ml-eu.globenewswire.com/Resource/Download/5bcb0f5c-1729-4046-baad-849ca7feb9a3", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q3 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/9/revenue", "value": 11662, "status": "verified", "sourceValue": 11662, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/9/service", "value": 3288.8, "status": "verified", "sourceValue": 3288.8, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/9/ebit", "value": 5172.8, "status": "verified", "sourceValue": 5172.8, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/9/ocf", "value": 11797.6, "status": "verified", "sourceValue": 11797.6, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "Q3 cash flow was materially supported by customer downpayments. FCF uses exact statement cash flows: €11,797.6m − €413.3m − €33.9m = €11,350.4m; not a normalised recurring run rate." }, { "file": "asml-data.json", "path": "/periods/9/capex", "value": 447.2, "status": "calculated", "sourceValue": 447.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Cash flow purchases: PPE 413.3 + intangibles 33.9, EUR million. Cash payments, not accounting additions." }, { "file": "asml-data.json", "path": "/periods/9/net", "value": 4960.4, "status": "verified", "sourceValue": 4960.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/9/gross", "value": 57.5, "status": "verified", "sourceValue": 57.5, "unit": "%", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/9/da", "value": 262.9, "status": "verified", "sourceValue": 262.9, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/9/rd", "value": 1174.4, "status": "verified", "sourceValue": 1174.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "asml-data.json", "path": "/periods/9/units", "value": 121, "status": "verified", "sourceValue": 121, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "" }, { "file": "asml-data.json", "path": "/periods/9/fcf", "value": 11350.4, "status": "calculated", "sourceValue": 11350.4, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Q3 cash flow was materially supported by customer downpayments. FCF uses exact statement cash flows: €11,797.6m − €413.3m − €33.9m = €11,350.4m; not a normalised recurring run rate. Formula: operating cash flow − PPE and intangible cash purchases." }, { "file": "asml-data.json", "path": "/periods/9/operating", "value": 44.35602812553593, "status": "calculated", "sourceValue": 44.35602812553593, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × EBIT / revenue." }, { "file": "asml-data.json", "path": "/periods/9/netmargin", "value": 42.53472817698508, "status": "calculated", "sourceValue": 42.53472817698508, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Net income includes a €509.7m pre-tax gain on equity investments; this is separate from operating EBIT. Q3 US GAAP financial statements pp.2 and 9. Formula: 100 × net income / revenue." }, { "file": "asml-data.json", "path": "/periods/9/fcfmargin", "value": 97.32807408677756, "status": "calculated", "sourceValue": 97.32807408677756, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × FCF / revenue." }, { "file": "asml-data.json", "path": "/periods/9/servicemix", "value": 28.200994683587723, "status": "calculated", "sourceValue": 28.20099468358772, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: 100 × service / revenue." }, { "file": "asml-data.json", "path": "/periods/9/system", "value": 8373.2, "status": "calculated", "sourceValue": 8373.2, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: revenue − service and field options." }, { "file": "asml-data.json", "path": "/periods/9/ebitda", "value": 5435.7, "status": "calculated", "sourceValue": 5435.7, "unit": "EUR million", "currency": "EUR", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": " Formula: operating profit + cash-flow-statement D&A." }, { "file": "asml-data.json", "path": "/periods/9/duvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/9/euvship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "A separate physical-shipment total was not identified in the reviewed annual report and quarterly product presentations. Use the populated units-recognised metric for the reported unit-sales series; do not relabel it as physical dispatch." }, { "file": "asml-data.json", "path": "/periods/9/highship", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No complete physical-shipment count for this period identified in reviewed sources. Recognised High NA sales and cumulative deliveries are separate measures." }, { "file": "asml-data.json", "path": "/periods/9/highcumulative", "value": null, "status": "not_verified", "sourceValue": null, "unit": "systems", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No separately disclosed comparable value established for this period; blank is retained, not zero." }, { "file": "asml-data.json", "path": "/periods/9/bookings", "value": null, "status": "not_verified", "sourceValue": null, "unit": "EUR million", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Disclosure policy, Q4 FY2024 prepared remarks, p. 2: quarterly bookings stop after 2025; from 2026 total systems backlog is reported annually. No 2026 year-end report yet exists. This is a reporting-frequency limit, not zero." }, { "file": "asml-data.json", "path": "/periods/9/backlog", "value": null, "status": "not_verified", "sourceValue": null, "unit": "EUR million", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Disclosure policy, Q4 FY2024 prepared remarks, p. 2: quarterly bookings stop after 2025; from 2026 total systems backlog is reported annually. No 2026 year-end report yet exists. This is a reporting-frequency limit, not zero." }, { "file": "asml-data.json", "path": "/periods/9/coverage", "value": null, "status": "not_verified", "sourceValue": null, "unit": "times", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Coverage is defined as backlog / completed annual system sales. A quarter is not an annual denominator." }, { "file": "asml-data.json", "path": "/periods/9/bookbill", "value": null, "status": "not_verified", "sourceValue": null, "unit": "times", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Disclosure policy, Q4 FY2024 prepared remarks, p. 2: quarterly bookings stop after 2025; from 2026 total systems backlog is reported annually. No 2026 year-end report yet exists. This is a reporting-frequency limit, not zero." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/44d4bee1-b2f9-41b7-b3f8-1bf28f993fe6", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q3 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/9/euv", "value": 17, "status": "verified", "sourceValue": 17, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/9/arfi", "value": 40, "status": "verified", "sourceValue": 40, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/9/arfdry", "value": 10, "status": "verified", "sourceValue": 10, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/9/krf", "value": 35, "status": "verified", "sourceValue": 35, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/9/iline", "value": 19, "status": "verified", "sourceValue": 19, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series." }, { "file": "asml-data.json", "path": "/periods/9/duv", "value": 104, "status": "calculated", "sourceValue": 104, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Reported sales in lithography units; product chart read visually. DUV = ArFi + ArF dry + KrF + i-line. These are not a separate physical-dispatch series. Formula: ArFi + ArF dry + KrF + i-line." } ] }, { "sourceUrl": "https://investor.asml.com/static-files/40c56a6b-1460-4f69-9340-6a869560d24b", "locator": "Annual consolidated income/cash-flow statements and Note2 units; quarterly Q32026 financial statements pp7–9; product-unit slides Q42025 p8 / Q12026 p9 / Q32026 p9; specific source per group.", "period": "Q3 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP", "statementStatus": "unaudited quarterly financial statements and issuer presentations", "checks": [ { "file": "asml-data.json", "path": "/periods/9/high", "value": 1, "status": "verified", "sourceValue": 1, "unit": "systems", "currency": "not applicable", "accountingBasis": "reported operating metric; recognised unit sales and shipment milestones are separate", "notes": "Q3 2026 investor call prepared remarks, PDF p.1, report sales of one High NA EUV system." }, { "file": "asml-data.json", "path": "/periods/9/low", "value": 16, "status": "calculated", "sourceValue": 16, "unit": "systems", "currency": "not applicable", "accountingBasis": "calculated from US GAAP/operating disclosures", "notes": "Calculated: 17 total EUV units recognised less 1 High NA unit = 16 Low NA units. Physical shipments are separate. Formula: total EUV − High NA." } ] } ], "claims": [ { "file": "asml.html", "pathOrText": "ASML sells lithography machines that project chip patterns onto wafers. DUV handles many layers; EUV handles very fine features; High NA is the next EUV platform. The installed fleet then needs maintenance and productivity upgrades.", "claim": "ASML sells lithography machines that project chip patterns onto wafers. DUV handles many layers; EUV handles very fine features; High NA is the next EUV platform. The installed fleet then needs maintenance and productivity upgrades.", "verdict": "verified", "sourceUrl": "https://ourbrand.asml.com/m/71076aaad607de4d/original/asml-2025-annual-report-based-on-us-gaap.pdf", "locator": "Business model, product portfolio and Installed Base Management chapters", "notes": "" }, { "file": "asml.html", "pathOrText": "Customers order systems; shipment, installation and acceptance can fall in different periods. Recognised system sales grow the installed base that needs service and upgrades. Orders, revenue and cash are separate measures.", "claim": "Customers order systems; shipment, installation and acceptance can fall in different periods. Recognised system sales grow the installed base that needs service and upgrades. Orders, revenue and cash are separate measures.", "verdict": "verified", "sourceUrl": "https://ourbrand.asml.com/m/71076aaad607de4d/original/asml-2025-annual-report-based-on-us-gaap.pdf", "locator": "Revenue recognition policy, customer acceptance, product sales and cash-flow statements", "notes": "" }, { "file": "asml.html", "pathOrText": "Specialist suppliers contribute manufacturing assets and technical expertise, so ASML does not need to own every component factory.", "claim": "Specialist suppliers contribute manufacturing assets and technical expertise, so ASML does not need to own every component factory.", "verdict": "verified", "sourceUrl": "https://ourbrand.asml.com/m/71076aaad607de4d/original/asml-2025-annual-report-based-on-us-gaap.pdf", "locator": "Supplier network and ecosystem; risk management", "notes": "Cost and bottleneck consequences are editorial business mechanics, not a quantified outcome." }, { "file": "asml.html", "pathOrText": "Engineering and supplier expertise → better chipmaking economics → customer adoption → installed-base income and learning → further innovation.", "claim": "Engineering and supplier expertise → better chipmaking economics → customer adoption → installed-base income and learning → further innovation.", "verdict": "editorial_interpretation", "sourceUrl": "https://ourbrand.asml.com/m/71076aaad607de4d/original/asml-2025-annual-report-based-on-us-gaap.pdf", "locator": "Strategy, R&D and ecosystem chapters", "notes": "The page labels this research interpretation. No causal numerical return or duration is claimed; underlying product/service/R&D facts verified." }, { "file": "asml.html", "pathOrText": "ASML stopped quarterly bookings disclosure after 2025 and moved backlog to annual disclosure in 2026.", "claim": "ASML stopped quarterly bookings disclosure after 2025 and moved backlog to annual disclosure in 2026.", "verdict": "verified", "sourceUrl": "https://investor.asml.com/static-files/a6b90371-ce4b-4945-b2c3-9498aeda2760", "locator": "Q42024 prepared remarks p2, announcement of reporting change", "notes": "" }, { "file": "asml.html", "pathOrText": "High NA milestones are recorded as 0 / 0 / 1 / 3 / 4 annual shipments, with launch and cumulative-count derivations explained on click.", "claim": "High NA milestones are recorded as 0 / 0 / 1 / 3 / 4 annual shipments, with launch and cumulative-count derivations explained on click.", "verdict": "mismatch", "sourceUrl": "https://ourbrand.asml.com/asset/d5e933d7-78d0-406c-aed7-a46626e63381/2026_-AGM-_presentation.pdf", "locator": "AGM2026 High NA slide; launchhigh Dec2023 first modules; shipment125 fifth delivery", "notes": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1. Correctannualsequence0/0/1/2/5; cumulative0/0/1/3/8." }, { "file": "asml.html", "pathOrText": "2021 backlog is an approximate derivation from the next year’s 67% reported increase; it is not annual bookings or remaining performance obligations.", "claim": "2021 backlog is an approximate derivation from the next year’s 67% reported increase; it is not annual bookings or remaining performance obligations.", "verdict": "calculated", "sourceUrl": "https://investor.asml.com/static-files/8595099e-4390-49f1-9813-0406d038aae6", "locator": "Q42022 prepared remarks p2", "notes": "EUR40.4bn /1.67≈EUR24.2bn. Rounded inputs limit precision; row retains approximate qualifier." }, { "file": "asml.html", "pathOrText": "Physical CAPEX alone understates reinvestment needs. Research and development is also essential to maintaining the technological advantage.", "claim": "Physical CAPEX alone understates reinvestment needs. Research and development is also essential to maintaining the technological advantage.", "verdict": "editorial_interpretation", "sourceUrl": "https://ourbrand.asml.com/m/71076aaad607de4d/original/asml-2025-annual-report-based-on-us-gaap.pdf", "locator": "R&D expense and cash-flow statements", "notes": "Cash capex and expensed R&D are separately reported; no double counting or quantified causal advantage certified." }, { "file": "asml-data.json", "pathOrText": "/periods/3/highcumulative", "claim": 3, "verdict": "corrected", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "notes": "The Q4 2024 issuer release says a third High NA system was shipped to a customer in Q4. The 2024 annual report, p.22, describes four systems comprising the Veldhoven laboratory prototype, two Intel installations and one Asian customer shipment: three customer systems. The statement that the fifth customer system shipped in Q1 2025 cannot establish four at the previous year-end because more than one system can ship within a quarter.", "originalClaim": "Fourcustomer HighNA systems hadshippedbyend2024" } ], "corrections": [ { "file": "asml-data.json", "path": "/periods/3/highcumulative", "oldValue": 4, "newValue": 3, "reason": "The Q4 2024 issuer release says a third High NA system was shipped to a customer in Q4. The 2024 annual report, p.22, describes four systems comprising the Veldhoven laboratory prototype, two Intel installations and one Asian customer shipment: three customer systems. The statement that the fifth customer system shipped in Q1 2025 cannot establish four at the previous year-end because more than one system can ship within a quarter.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "systems", "accountingBasis": "reported customer-shipment cumulative milestone" }, { "file": "asml-data.json", "path": "/periods/3/highship", "oldValue": 3, "newValue": 2, "reason": "The Q4 2024 issuer release says a third High NA system was shipped to a customer in Q4. The 2024 annual report, p.22, describes four systems comprising the Veldhoven laboratory prototype, two Intel installations and one Asian customer shipment: three customer systems. The statement that the fifth customer system shipped in Q1 2025 cannot establish four at the previous year-end because more than one system can ship within a quarter. Annual 2024 milestones equal 3 minus 1 at end-2023 = 2.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "systems", "accountingBasis": "calculated shipment milestone count" }, { "file": "asml-data.json", "path": "/periods/4/highship", "oldValue": 4, "newValue": 5, "reason": "The Q4 2024 issuer release says a third High NA system was shipped to a customer in Q4. The 2024 annual report, p.22, describes four systems comprising the Veldhoven laboratory prototype, two Intel installations and one Asian customer shipment: three customer systems. The statement that the fifth customer system shipped in Q1 2025 cannot establish four at the previous year-end because more than one system can ship within a quarter. Annual 2025 milestones equal 8 at end-2025 minus 3 at end-2024 = 5.", "sourceUrl": "https://ourbrand.asml.com/asset/d5e933d7-78d0-406c-aed7-a46626e63381/2026_-AGM-_presentation.pdf", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2025", "currency": "not applicable", "units": "systems", "accountingBasis": "calculated shipment milestone count" }, { "file": "asml-data.json", "path": "/periods/3/fieldNotes/highcumulative", "oldValue": "Derived: ASML says its fifth cumulative High NA shipment occurred in Q1 2025; therefore four had shipped before that quarter.", "newValue": "Q4 FY2024 results say ASML shipped a third High NA system to a customer in Q4. The 2024 annual report p.22 describes the Veldhoven laboratory prototype separately from two Intel systems and one Asian customer system. The customer-shipment milestone is therefore three at end-2024; the prototype is not a customer shipment.", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/periods/3/fieldNotes/highship", "oldValue": "Derived shipment milestones: four cumulative systems before the fifth shipment in Q1 2025, less the first system shipment begun in December 2023 = three during 2024. Module shipment and customer acceptance occur at different times.", "newValue": "Derived customer shipment milestones: three cumulative systems at end-2024 (Q4 FY2024 results), less the first customer system whose modules began shipment in December2023 = two during2024. Module shipment is separate from installation, acceptance and recognised revenue.", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/periods/4/fieldNotes/highship", "oldValue": "Derived: eight cumulative deliveries at end-2025 (2026 AGM) minus four before Q1 2025 (Q1 2025 release says fifth delivered that quarter) = four shipments in FY 2025. Separate from the four units recognised in 2025.", "newValue": "Derived customer shipment milestones: eight cumulative systems at end-2025 (2026 AGM p.15) minus three at end-2024 (Q4 FY2024 results) = five during2025. Separate from the four High NA units recognised in2025.", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/periods/3/fieldStatus/highcumulative", "oldValue": "Derived from shipment milestones; not a directly reported annual customer-delivery total", "newValue": "Reported customer shipment milestone; distinct from installation and revenue recognition", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/periods/4/fieldStatus/highcumulative", "oldValue": "Derived from shipment milestones; not a directly reported annual customer-delivery total", "newValue": "Reported cumulative customer shipments in 2026 AGM p.15", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/metrics/12/3", "oldValue": "Cumulative High NA shipment milestones since launch. Zero before the first module shipment in December 2023; one at end-2023, four at end-2024 and eight at end-2025. Does not measure customer acceptance or revenue.", "newValue": "Cumulative High NA customer shipment milestones since launch. Zero before the first module shipment in December2023; one at end-2023, three at end-2024 and eight at end-2025. Excludes the Veldhoven laboratory prototype and does not measure customer acceptance or revenue.", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/periods/3/fieldSources/highcumulative", "oldValue": "https://investor.asml.com/news-releases/news-release-details/q1-2025-financial-results", "newValue": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "reason": "Use primaryyearendcustomer-shipmentstatement ratherthaninferencefromQ12025fifthsystem.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "source URL", "accountingBasis": "reported customer-shipment milestone; not recognition" }, { "file": "asml-data.json", "path": "/periods/3/fieldSources/highship", "oldValue": "https://investor.asml.com/news-releases/news-release-details/q1-2025-financial-results", "newValue": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "reason": "Use primaryyearendcustomer-shipmentstatement ratherthaninferencefromQ12025fifthsystem.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "source URL", "accountingBasis": "reported customer-shipment milestone; not recognition" }, { "file": "asml-data.json", "path": "/periods/4/fieldSources/highcumulative", "oldValue": null, "newValue": "https://ourbrand.asml.com/asset/d5e933d7-78d0-406c-aed7-a46626e63381/2026_-AGM-_presentation.pdf", "reason": "Explicitlysourceeight cumulativecustomer shipments toAGM2026p15.", "sourceUrl": "https://ourbrand.asml.com/asset/d5e933d7-78d0-406c-aed7-a46626e63381/2026_-AGM-_presentation.pdf", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2025", "currency": "not applicable", "units": "source URL", "accountingBasis": "reported customer-shipment milestone; not recognition" }, { "file": "asml.html", "path": "@text=High NA milestones are recorded as 0 / 0 / 1 / 3 / 4 annual shipments, with launch and cumulative-count derivations explained on click.", "oldValue": "High NA milestones are recorded as 0 / 0 / 1 / 3 / 4 annual shipments, with launch and cumulative-count derivations explained on click.", "newValue": "High NA customer shipment milestones are recorded as 0 / 0 / 1 / 2 / 5 annually, with launch and cumulative-count derivations explained on click.", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "2021–2025", "currency": "not applicable", "units": "systems", "accountingBasis": "customer shipment milestones, annualderived" } ], "unresolved": [ "Separate DUV physical dispatch totals and 2024–2025 low-NA EUV physical shipments remain unestablished; recognised sales are not substituted.", "FY2021 backlog remains an approximate derivation from rounded 2022 backlog and growth inputs." ], "batch": "operations", "name": "ASML", "pages": [ "asml.html" ], "reviewComplete": true, "originalResearchSummary": "Compared all 290 populated financial and operating period values with original reports, presentations and issuer statements, and independently recalculated derived fields. Financial-statement amounts match. Three High NA shipment observations require correction because the previous calculation wrongly inferred four customer shipments at end-2024 from the fifth shipment occurring in Q1 2025. Customer shipment milestones remain separate from recognised EUV sales.", "originalUnresolved": [ "Apply the listed shipment corrections and matching notes: FY2024 cumulative 4→3, FY2024 annual 3→2 and FY2025 annual 4→5.", "Separate DUV physical dispatch totals and 2024–2025 low-NA EUV physical shipments remain unestablished; recognised sales are not substituted.", "FY2021 backlog remains an approximate derivation from rounded 2022 backlog and growth inputs." ], "correctionsApplied": 13, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 168, "calculated": 122, "not_verified": 41 }, "sourceCount": 24 }, { "id": "evolution", "status": "partial", "periodsReviewed": [ "2021", "2022", "2023", "2024", "2025", "H1 2025", "H1 2026" ], "summary": "Completed source review: 167 source checks, 83 arithmetic checks, 44 unverified checks. 1 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://attachment.news.eu.nasdaq.com/a92e701de9e33b766f57cc3c4d980a0ef", "locator": "Printed pp.4 (88 launches),7/18 (tables),25 (customer count),75 (income statement),76 (balance sheet),78 (cash flow),81 (ex-treasury shares),93 (regions),97 (EPS),101 (leases),106–107 (acquisitions).", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/0/revenue", "value": 1068.777, "status": "verified", "sourceValue": 1068.777, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/liveRevenue", "value": 839.238, "status": "verified", "sourceValue": 839.238, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/rngRevenue", "value": 229.539, "status": "verified", "sourceValue": 229.539, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/adjEbitda", "value": 734.65, "status": "verified", "sourceValue": 734.65, "unit": "EUR m", "currency": "EUR", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/0/operatingProfit", "value": 654.004, "status": "verified", "sourceValue": 654.004, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/netProfit", "value": 605.435, "status": "verified", "sourceValue": 605.435, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/northAmericaRevenue", "value": 114.5, "status": "verified", "sourceValue": 114.5, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/0/europeRevenue", "value": 571.4, "status": "verified", "sourceValue": 571.4, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Calculated sum of Nordics €73.1m, Great Britain €81.4m and rest of Europe €416.9m. End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/0/asiaRevenue", "value": 286.5, "status": "verified", "sourceValue": 286.5, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/0/latamRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "2021originalgeographyOther includesLatinAmerica; no separateLatAm/residualOther values comparabletolaterclassification. Regionaltotalnotallocatedbyassumption." }, { "file": "evolution-data.json", "path": "/periods/annual/0/otherRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "2021originalgeographyOther includesLatinAmerica; no separateLatAm/residualOther values comparabletolaterclassification. Regionaltotalnotallocatedbyassumption." }, { "file": "evolution-data.json", "path": "/periods/annual/0/regulatedRevenue", "value": 423.8, "status": "verified", "sourceValue": 423.8, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/0/regulatedShare", "value": 40, "status": "verified", "sourceValue": 40, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/0/cashOperations", "value": 598.895, "status": "verified", "sourceValue": 598.895, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/cashBeforeWorkingCapital", "value": 694.178, "status": "verified", "sourceValue": 694.178, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/tangibleCapex", "value": 33.307, "status": "verified", "sourceValue": 33.307, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/intangibleCapex", "value": 28.285, "status": "verified", "sourceValue": 28.285, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/cashLeasePayments", "value": 12.834, "status": "verified", "sourceValue": 12.834, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Cash-flow financing lease payments only; operating cash flow already includes operating-classified interest and short-term/low-value lease costs." }, { "file": "evolution-data.json", "path": "/periods/annual/0/weightedShares", "value": 213.714575, "status": "verified", "sourceValue": 213.714575, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Basic period-weighted denominator, source shares /1,000,000; not closing or diluted shares." }, { "file": "evolution-data.json", "path": "/periods/annual/0/cashBalance", "value": 421.432, "status": "verified", "sourceValue": 421.432, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/cashTaxPaid", "value": 26.794, "status": "verified", "sourceValue": 26.794, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/incomeTaxExpense", "value": 42.056, "status": "verified", "sourceValue": 42.056, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/0/capex", "value": 61.592, "status": "calculated", "sourceValue": 61.592, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Tangible cash capex + intangible cash capex. " }, { "file": "evolution-data.json", "path": "/periods/annual/0/fcf", "value": 537.303, "status": "calculated", "sourceValue": 537.303, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − tangible capex − intangible capex. " }, { "file": "evolution-data.json", "path": "/periods/annual/0/cashAfterLeases", "value": 524.469, "status": "calculated", "sourceValue": 524.469, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Calculated FCF − reported lease cash payments. " }, { "file": "evolution-data.json", "path": "/periods/annual/0/fcfPerShare", "value": 2.514114912377876, "status": "calculated", "sourceValue": 2.514114912377876, "unit": "EUR / share", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "FCF in EUR m / weighted-average basic shares in millions. " }, { "file": "evolution-data.json", "path": "/periods/annual/0/capexPct", "value": 5.76284856429358, "status": "calculated", "sourceValue": 5.76284856429358, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Cash capex / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/annual/0/adjEbitdaMarginPct", "value": 68.7374447616294, "status": "calculated", "sourceValue": 68.7374447616294, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "Adjusted EBITDA / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/annual/0/workingCapitalCash", "value": -95.28300000000002, "status": "calculated", "sourceValue": -95.28300000000002, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − cash flow before working-capital changes. " }, { "file": "evolution-data.json", "path": "/periods/annual/0/revenueGrowth", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Firststoredperiod inthisbasis hasno matchingpreviousperiodrow; derivedgrowthnotcreated fromdifferentperiodlength." }, { "file": "evolution-data.json", "path": "/periods/annual/0/liveRevenueGrowth", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Firststoredperiod inthisbasis hasno matchingpreviousperiodrow; derivedgrowthnotcreated fromdifferentperiodlength." }, { "file": "evolution-data.json", "path": "/periods/annual/0/rngRevenueGrowth", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Firststoredperiod inthisbasis hasno matchingpreviousperiodrow; derivedgrowthnotcreated fromdifferentperiodlength." }, { "file": "evolution-data.json", "path": "/periods/annual/0/fcfGrowth", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Firststoredperiod inthisbasis hasno matchingpreviousperiodrow; derivedgrowthnotcreated fromdifferentperiodlength." }, { "file": "evolution-data.json", "path": "/periods/annual/0/newGameRevenueShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/annual/0/availabilityPct", "value": 99.87, "status": "verified", "sourceValue": 99.87, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Printed p.15; system availability 2022 and 2021 comparison. Percent, excluding scheduled maintenance. 2021 also independently confirmed in ar2021 (PDF text lines 558–565). Current 2024 and 2025 entries already match 99.96% and 99.90%. Add annual input keys or explicit build mapping and sourcesByMetric ar2022." }, { "file": "evolution-data.json", "path": "/periods/annual/0/studioUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/annual/0/studioReturn", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." } ] }, { "sourceUrl": "https://evolution-com-media.s3.eu-central-1.amazonaws.com/s3fs-public/1550307.pdf", "locator": "Printed pp.3 (tables),18 (launch components),22 (First Person titles),24 (customers); PDF page index is printed page +1.", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/0/newGames", "value": null, "status": "not_verified", "sourceValue": null, "unit": "games", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "2021productlaunchcomponents differinscope (Live/slots/FirstPerson); H1report hasselectedlaunches butno comparablecompletehalf-yearnewgamecount. Annualcountsnotprorated." }, { "file": "evolution-data.json", "path": "/periods/annual/0/liveTables", "value": 1000, "status": "verified", "sourceValue": 1000, "unit": "tables", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: > 1000; not an exact population count." }, { "file": "evolution-data.json", "path": "/periods/annual/0/operators", "value": 600, "status": "verified", "sourceValue": 600, "unit": "operators", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: > 600; not an exact population count." } ] }, { "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Printed pp.5 (113 launches),7/15 (tables),14 (customers and concentration),23 (shares),85 (income),86 (balance),88 (cash flow),98 (tax accounting),102 (players geography),107 (effective tax),109 (EPS),116 (leases),126 (adjusted EBITDA reconciliation).", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/0/topFiveCustomerShare", "value": 22, "status": "verified", "sourceValue": 22, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/0/largestCustomerShare", "value": 11, "status": "verified", "sourceValue": 11, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" } ] }, { "sourceUrl": "https://attachment.news.eu.nasdaq.com/a92e701de9e33b766f57cc3c4d980a0ef", "locator": "Printed pp.4 (88 launches),7/18 (tables),25 (customer count),75 (income statement),76 (balance sheet),78 (cash flow),81 (ex-treasury shares),93 (regions),97 (EPS),101 (leases),106–107 (acquisitions).", "period": "2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/1/revenue", "value": 1456.737, "status": "verified", "sourceValue": 1456.737, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/liveRevenue", "value": 1188.308, "status": "verified", "sourceValue": 1188.308, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/rngRevenue", "value": 268.429, "status": "verified", "sourceValue": 268.429, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/adjEbitda", "value": 1008.44, "status": "verified", "sourceValue": 1008.44, "unit": "EUR m", "currency": "EUR", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/1/operatingProfit", "value": 908.062, "status": "verified", "sourceValue": 908.062, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/netProfit", "value": 843.361, "status": "verified", "sourceValue": 843.361, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/newGames", "value": 88, "status": "verified", "sourceValue": 88, "unit": "games", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/1/liveTables", "value": 1300, "status": "verified", "sourceValue": 1300, "unit": "tables", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: > 1300; not an exact population count." }, { "file": "evolution-data.json", "path": "/periods/annual/1/operators", "value": 700, "status": "verified", "sourceValue": 700, "unit": "operators", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: > 700; not an exact population count." }, { "file": "evolution-data.json", "path": "/periods/annual/1/regulatedRevenue", "value": 600.2, "status": "verified", "sourceValue": 600.2, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/1/regulatedShare", "value": 41, "status": "verified", "sourceValue": 41, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/1/cashOperations", "value": 877.465, "status": "verified", "sourceValue": 877.465, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/cashBeforeWorkingCapital", "value": 955.59, "status": "verified", "sourceValue": 955.59, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/tangibleCapex", "value": 60.661, "status": "verified", "sourceValue": 60.661, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/intangibleCapex", "value": 36.278, "status": "verified", "sourceValue": 36.278, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/cashLeasePayments", "value": 14.145, "status": "verified", "sourceValue": 14.145, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Cash-flow financing lease payments only; operating cash flow already includes operating-classified interest and short-term/low-value lease costs." }, { "file": "evolution-data.json", "path": "/periods/annual/1/weightedShares", "value": 213.2675, "status": "verified", "sourceValue": 213.2675, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Basic period-weighted denominator, source shares /1,000,000; not closing or diluted shares." }, { "file": "evolution-data.json", "path": "/periods/annual/1/cashBalance", "value": 532.554, "status": "verified", "sourceValue": 532.554, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/cashTaxPaid", "value": 47.1, "status": "verified", "sourceValue": 47.1, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/incomeTaxExpense", "value": 63.232, "status": "verified", "sourceValue": 63.232, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/1/capex", "value": 96.939, "status": "calculated", "sourceValue": 96.939, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Tangible cash capex + intangible cash capex. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/fcf", "value": 780.5260000000001, "status": "calculated", "sourceValue": 780.5260000000001, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − tangible capex − intangible capex. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/cashAfterLeases", "value": 766.3810000000001, "status": "calculated", "sourceValue": 766.3810000000001, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Calculated FCF − reported lease cash payments. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/fcfPerShare", "value": 3.65984503030232, "status": "calculated", "sourceValue": 3.65984503030232, "unit": "EUR / share", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "FCF in EUR m / weighted-average basic shares in millions. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/capexPct", "value": 6.654529952901587, "status": "calculated", "sourceValue": 6.654529952901587, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Cash capex / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/adjEbitdaMarginPct", "value": 69.22594812927797, "status": "calculated", "sourceValue": 69.22594812927797, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "Adjusted EBITDA / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/workingCapitalCash", "value": -78.125, "status": "calculated", "sourceValue": -78.125, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − cash flow before working-capital changes. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/revenueGrowth", "value": 36.299433838864424, "status": "calculated", "sourceValue": 36.299433838864424, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current net revenue / prior comparable period − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/liveRevenueGrowth", "value": 41.59368379410846, "status": "calculated", "sourceValue": 41.59368379410846, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Live revenue / prior comparable-period Live revenue − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/rngRevenueGrowth", "value": 16.94265462513995, "status": "calculated", "sourceValue": 16.94265462513995, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "RNG revenue / prior comparable-period RNG revenue − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/fcfGrowth", "value": 45.26738171943951, "status": "calculated", "sourceValue": 45.26738171943951, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current FCF / prior comparable-period FCF − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/1/newGameRevenueShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/annual/1/availabilityPct", "value": 99.88, "status": "verified", "sourceValue": 99.88, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Printed p.15; system availability 2022 and 2021 comparison. Percent, excluding scheduled maintenance. 2021 also independently confirmed in ar2021 (PDF text lines 558–565). Current 2024 and 2025 entries already match 99.96% and 99.90%. Add annual input keys or explicit build mapping and sourcesByMetric ar2022." }, { "file": "evolution-data.json", "path": "/periods/annual/1/studioUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/annual/1/studioReturn", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." } ] }, { "sourceUrl": "https://attachment.news.eu.nasdaq.com/a29647ec7d119ec5e20884a5a616d09c9", "locator": "Printed pp.4 (110 launches),16 (customer concentration),17 (tables),26 (shares),69 (income statement),70 (balance sheet),72 (cash flow),87 (regions),98 (leases).", "period": "2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/1/northAmericaRevenue", "value": 189.3, "status": "verified", "sourceValue": 189.3, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/1/europeRevenue", "value": 633.4, "status": "verified", "sourceValue": 633.4, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/1/asiaRevenue", "value": 478.3, "status": "verified", "sourceValue": 478.3, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/1/latamRevenue", "value": 88.6, "status": "verified", "sourceValue": 88.6, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/1/otherRevenue", "value": 67.4, "status": "verified", "sourceValue": 67.4, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." } ] }, { "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Printed pp.5 (113 launches),7/15 (tables),14 (customers and concentration),23 (shares),85 (income),86 (balance),88 (cash flow),98 (tax accounting),102 (players geography),107 (effective tax),109 (EPS),116 (leases),126 (adjusted EBITDA reconciliation).", "period": "2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/1/topFiveCustomerShare", "value": 30, "status": "verified", "sourceValue": 30, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/1/largestCustomerShare", "value": 14, "status": "verified", "sourceValue": 14, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" } ] }, { "sourceUrl": "https://attachment.news.eu.nasdaq.com/a29647ec7d119ec5e20884a5a616d09c9", "locator": "Printed pp.4 (110 launches),16 (customer concentration),17 (tables),26 (shares),69 (income statement),70 (balance sheet),72 (cash flow),87 (regions),98 (leases).", "period": "2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/2/revenue", "value": 1798.601, "status": "verified", "sourceValue": 1798.601, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/liveRevenue", "value": 1523.274, "status": "verified", "sourceValue": 1523.274, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/rngRevenue", "value": 275.327, "status": "verified", "sourceValue": 275.327, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/adjEbitda", "value": 1267.413, "status": "verified", "sourceValue": 1267.413, "unit": "EUR m", "currency": "EUR", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/2/operatingProfit", "value": 1142.73, "status": "verified", "sourceValue": 1142.73, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/netProfit", "value": 1070.858, "status": "verified", "sourceValue": 1070.858, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/newGames", "value": 110, "status": "verified", "sourceValue": 110, "unit": "games", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/2/liveTables", "value": 1600, "status": "verified", "sourceValue": 1600, "unit": "tables", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: > 1600; not an exact population count." }, { "file": "evolution-data.json", "path": "/periods/annual/2/operators", "value": 800, "status": "verified", "sourceValue": 800, "unit": "operators", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈ 800; not an exact population count." }, { "file": "evolution-data.json", "path": "/periods/annual/2/regulatedRevenue", "value": 718.6, "status": "verified", "sourceValue": 718.6, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/2/regulatedShare", "value": 40, "status": "verified", "sourceValue": 40, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/2/weightedShares", "value": 213.566498, "status": "verified", "sourceValue": 213.566498, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Basic period-weighted denominator, source shares /1,000,000; not closing or diluted shares." }, { "file": "evolution-data.json", "path": "/periods/annual/2/cashBalance", "value": 985.756, "status": "verified", "sourceValue": 985.756, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/incomeTaxExpense", "value": 77.749, "status": "verified", "sourceValue": 77.749, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/capexPct", "value": 5.236959169932631, "status": "calculated", "sourceValue": 5.236959169932631, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Cash capex / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/annual/2/adjEbitdaMarginPct", "value": 70.46660154197623, "status": "calculated", "sourceValue": 70.46660154197623, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "Adjusted EBITDA / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/annual/2/revenueGrowth", "value": 23.467791372087078, "status": "calculated", "sourceValue": 23.467791372087078, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current net revenue / prior comparable period − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/2/liveRevenueGrowth", "value": 28.188483120537768, "status": "calculated", "sourceValue": 28.188483120537768, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Live revenue / prior comparable-period Live revenue − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/2/rngRevenueGrowth", "value": 2.569767051995142, "status": "calculated", "sourceValue": 2.569767051995142, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "RNG revenue / prior comparable-period RNG revenue − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/2/newGameRevenueShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/annual/2/availabilityPct", "value": 99.93, "status": "verified", "sourceValue": 99.93, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Printed p.15; System availability. Percent, excluding scheduled maintenance. 2022 comparative also confirms 99.88%." }, { "file": "evolution-data.json", "path": "/periods/annual/2/studioUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/annual/2/studioReturn", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." } ] }, { "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDEzNTk2NS8zMzkwNzg1LnBkZg/evolution-annual-report-2024.pdf", "locator": "Printed pp.4 (109 launches),13 (customers),14 (tables),25 (shares),59 (109 launches and tables),77 (income),78 (balance),80 (cash flow),95 (regions),101 (EPS),107 (leases).", "period": "2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/2/northAmericaRevenue", "value": 226.7, "status": "verified", "sourceValue": 226.7, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/2/europeRevenue", "value": 709.9, "status": "verified", "sourceValue": 709.9, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/2/asiaRevenue", "value": 672.3, "status": "verified", "sourceValue": 672.3, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/2/latamRevenue", "value": 127.8, "status": "verified", "sourceValue": 127.8, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/2/otherRevenue", "value": 62, "status": "verified", "sourceValue": 62, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/2/cashOperations", "value": 1168.447, "status": "verified", "sourceValue": 1168.447, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000. Uses2024 comparative, avoiding typographical extra digit in2023 report." }, { "file": "evolution-data.json", "path": "/periods/annual/2/cashBeforeWorkingCapital", "value": 1233.045, "status": "verified", "sourceValue": 1233.045, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/tangibleCapex", "value": 42.219, "status": "verified", "sourceValue": 42.219, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/intangibleCapex", "value": 51.973, "status": "verified", "sourceValue": 51.973, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/cashLeasePayments", "value": 18.907, "status": "verified", "sourceValue": 18.907, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Cash-flow financing lease payments only; operating cash flow already includes operating-classified interest and short-term/low-value lease costs." }, { "file": "evolution-data.json", "path": "/periods/annual/2/cashTaxPaid", "value": 49.772, "status": "verified", "sourceValue": 49.772, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/2/capex", "value": 94.19200000000001, "status": "calculated", "sourceValue": 94.19200000000001, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Tangible cash capex + intangible cash capex. " }, { "file": "evolution-data.json", "path": "/periods/annual/2/fcf", "value": 1074.2549999999999, "status": "calculated", "sourceValue": 1074.2549999999999, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − tangible capex − intangible capex. Uses2024 comparative, avoiding typographical extra digit in2023 report." }, { "file": "evolution-data.json", "path": "/periods/annual/2/cashAfterLeases", "value": 1055.348, "status": "calculated", "sourceValue": 1055.348, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Calculated FCF − reported lease cash payments. Uses2024 comparative, avoiding typographical extra digit in2023 report." }, { "file": "evolution-data.json", "path": "/periods/annual/2/fcfPerShare", "value": 5.0300726474430455, "status": "calculated", "sourceValue": 5.0300726474430455, "unit": "EUR / share", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "FCF in EUR m / weighted-average basic shares in millions. " }, { "file": "evolution-data.json", "path": "/periods/annual/2/workingCapitalCash", "value": -64.59800000000018, "status": "calculated", "sourceValue": -64.59800000000018, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − cash flow before working-capital changes. Uses2024 comparative, avoiding typographical extra digit in2023 report." }, { "file": "evolution-data.json", "path": "/periods/annual/2/fcfGrowth", "value": 37.63218649987314, "status": "calculated", "sourceValue": 37.63218649987314, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current FCF / prior comparable-period FCF − 1. " } ] }, { "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Printed pp.5 (113 launches),7/15 (tables),14 (customers and concentration),23 (shares),85 (income),86 (balance),88 (cash flow),98 (tax accounting),102 (players geography),107 (effective tax),109 (EPS),116 (leases),126 (adjusted EBITDA reconciliation).", "period": "2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/2/topFiveCustomerShare", "value": 41, "status": "verified", "sourceValue": 41, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/2/largestCustomerShare", "value": 13, "status": "verified", "sourceValue": 13, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" } ] }, { "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Printed pp.5 (113 launches),7/15 (tables),14 (customers and concentration),23 (shares),85 (income),86 (balance),88 (cash flow),98 (tax accounting),102 (players geography),107 (effective tax),109 (EPS),116 (leases),126 (adjusted EBITDA reconciliation).", "period": "2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/3/revenue", "value": 2063.085, "status": "verified", "sourceValue": 2063.085, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/liveRevenue", "value": 1775.734, "status": "verified", "sourceValue": 1775.734, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/rngRevenue", "value": 287.351, "status": "verified", "sourceValue": 287.351, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/adjEbitda", "value": 1410.717, "status": "verified", "sourceValue": 1410.717, "unit": "EUR m", "currency": "EUR", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/3/operatingProfit", "value": 1419.553, "status": "verified", "sourceValue": 1419.553, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Includes other operating income: €151.058m. Adjusted EBITDA excludes that income. Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/netProfit", "value": 1244.015, "status": "verified", "sourceValue": 1244.015, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Includes the effects of noncash other operating income and tax accruals. Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/northAmericaRevenue", "value": 257.7, "status": "verified", "sourceValue": 257.7, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/3/europeRevenue", "value": 779, "status": "verified", "sourceValue": 779, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/3/asiaRevenue", "value": 802.7, "status": "verified", "sourceValue": 802.7, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/3/latamRevenue", "value": 145.5, "status": "verified", "sourceValue": 145.5, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/3/otherRevenue", "value": 78.3, "status": "verified", "sourceValue": 78.3, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/3/topFiveCustomerShare", "value": 46, "status": "verified", "sourceValue": 46, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/3/largestCustomerShare", "value": 13, "status": "verified", "sourceValue": 13, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/3/regulatedRevenue", "value": 819.6, "status": "verified", "sourceValue": 819.6, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/3/regulatedShare", "value": 40, "status": "verified", "sourceValue": 40, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/3/cashOperations", "value": 1301.004, "status": "verified", "sourceValue": 1301.004, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/cashBeforeWorkingCapital", "value": 1359.883, "status": "verified", "sourceValue": 1359.883, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/tangibleCapex", "value": 65.318, "status": "verified", "sourceValue": 65.318, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/intangibleCapex", "value": 71.395, "status": "verified", "sourceValue": 71.395, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/cashLeasePayments", "value": 18.272, "status": "verified", "sourceValue": 18.272, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Cash-flow financing lease payments only; operating cash flow already includes operating-classified interest and short-term/low-value lease costs." }, { "file": "evolution-data.json", "path": "/periods/annual/3/weightedShares", "value": 209.562751, "status": "verified", "sourceValue": 209.562751, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Basic period-weighted denominator, source shares /1,000,000; not closing or diluted shares." }, { "file": "evolution-data.json", "path": "/periods/annual/3/cashBalance", "value": 801.474, "status": "verified", "sourceValue": 801.474, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/cashTaxPaid", "value": 74.419, "status": "verified", "sourceValue": 74.419, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/incomeTaxExpense", "value": 194.909, "status": "verified", "sourceValue": 194.909, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/3/capex", "value": 136.713, "status": "calculated", "sourceValue": 136.713, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Tangible cash capex + intangible cash capex. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/fcf", "value": 1164.291, "status": "calculated", "sourceValue": 1164.291, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − tangible capex − intangible capex. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/cashAfterLeases", "value": 1146.019, "status": "calculated", "sourceValue": 1146.019, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Calculated FCF − reported lease cash payments. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/fcfPerShare", "value": 5.555810822506333, "status": "calculated", "sourceValue": 5.555810822506333, "unit": "EUR / share", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "FCF in EUR m / weighted-average basic shares in millions. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/capexPct", "value": 6.626629537803822, "status": "calculated", "sourceValue": 6.626629537803822, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Cash capex / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/adjEbitdaMarginPct", "value": 68.37900522760818, "status": "calculated", "sourceValue": 68.37900522760818, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "Adjusted EBITDA / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/workingCapitalCash", "value": -58.87900000000013, "status": "calculated", "sourceValue": -58.87900000000013, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − cash flow before working-capital changes. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/revenueGrowth", "value": 14.704984596361271, "status": "calculated", "sourceValue": 14.704984596361271, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current net revenue / prior comparable period − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/liveRevenueGrowth", "value": 16.573512053642347, "status": "calculated", "sourceValue": 16.573512053642347, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Live revenue / prior comparable-period Live revenue − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/rngRevenueGrowth", "value": 4.367170673417431, "status": "calculated", "sourceValue": 4.367170673417431, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "RNG revenue / prior comparable-period RNG revenue − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/fcfGrowth", "value": 8.38125026180936, "status": "calculated", "sourceValue": 8.38125026180936, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current FCF / prior comparable-period FCF − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/3/availabilityPct", "value": 99.96, "status": "verified", "sourceValue": 99.96, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/3/newGameRevenueShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/annual/3/studioUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/annual/3/studioReturn", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." } ] }, { "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDEzNTk2NS8zMzkwNzg1LnBkZg/evolution-annual-report-2024.pdf", "locator": "Printed pp.4 (109 launches),13 (customers),14 (tables),25 (shares),59 (109 launches and tables),77 (income),78 (balance),80 (cash flow),95 (regions),101 (EPS),107 (leases).", "period": "2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/3/newGames", "value": 109, "status": "verified", "sourceValue": 109, "unit": "games", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/3/liveTables", "value": 1700, "status": "verified", "sourceValue": 1700, "unit": "tables", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: > 1700; not an exact population count." }, { "file": "evolution-data.json", "path": "/periods/annual/3/operators", "value": 800, "status": "verified", "sourceValue": 800, "unit": "operators", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈ 800; not an exact population count." } ] }, { "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Printed pp.5 (113 launches),7/15 (tables),14 (customers and concentration),23 (shares),85 (income),86 (balance),88 (cash flow),98 (tax accounting),102 (players geography),107 (effective tax),109 (EPS),116 (leases),126 (adjusted EBITDA reconciliation).", "period": "2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "evolution-data.json", "path": "/periods/annual/4/revenue", "value": 2066.54, "status": "verified", "sourceValue": 2066.54, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/liveRevenue", "value": 1772.579, "status": "verified", "sourceValue": 1772.579, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/rngRevenue", "value": 293.961, "status": "verified", "sourceValue": 293.961, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/adjEbitda", "value": 1365.673, "status": "verified", "sourceValue": 1365.673, "unit": "EUR m", "currency": "EUR", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/4/operatingProfit", "value": 1257.306, "status": "verified", "sourceValue": 1257.306, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Includes other operating income: €51.667m. Adjusted EBITDA excludes that income. Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/netProfit", "value": 1062.096, "status": "verified", "sourceValue": 1062.096, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Includes the effects of noncash other operating income and tax accruals. Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/newGames", "value": 113, "status": "verified", "sourceValue": 113, "unit": "games", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/4/northAmericaRevenue", "value": 296.7, "status": "verified", "sourceValue": 296.7, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m. Note 4(c): €296.7m; the summary graphic shows €296.8m. Financial note102 used; intro chart has0.1m differences; South America label retained with explicit site qualification." }, { "file": "evolution-data.json", "path": "/periods/annual/4/europeRevenue", "value": 729.8, "status": "verified", "sourceValue": 729.8, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m. Note 4(c): €729.8m; the summary graphic shows €729.7m. Financial note102 used; intro chart has0.1m differences; South America label retained with explicit site qualification." }, { "file": "evolution-data.json", "path": "/periods/annual/4/asiaRevenue", "value": 793.7, "status": "verified", "sourceValue": 793.7, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m." }, { "file": "evolution-data.json", "path": "/periods/annual/4/latamRevenue", "value": 156.8, "status": "verified", "sourceValue": 156.8, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m. The note calls this South America; its 2024 comparison matches the earlier LatAm category. Financial note102 used; intro chart has0.1m differences; South America label retained with explicit site qualification." }, { "file": "evolution-data.json", "path": "/periods/annual/4/otherRevenue", "value": 89.6, "status": "verified", "sourceValue": 89.6, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " End-user geography; financial-note figures, rounded to €0.1m. Note 4(c): €89.6m; the summary graphic shows €89.5m. Financial note102 used; intro chart has0.1m differences; South America label retained with explicit site qualification." }, { "file": "evolution-data.json", "path": "/periods/annual/4/liveTables", "value": 2000, "status": "verified", "sourceValue": 2000, "unit": "tables", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈ 2000; not an exact population count." }, { "file": "evolution-data.json", "path": "/periods/annual/4/operators", "value": 870, "status": "verified", "sourceValue": 870, "unit": "operators", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈ 870; not an exact population count." }, { "file": "evolution-data.json", "path": "/periods/annual/4/topFiveCustomerShare", "value": 39, "status": "verified", "sourceValue": 39, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/4/largestCustomerShare", "value": 12, "status": "verified", "sourceValue": 12, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/4/regulatedRevenue", "value": 942.8, "status": "verified", "sourceValue": 942.8, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/4/regulatedShare", "value": 46, "status": "verified", "sourceValue": 46, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/4/cashOperations", "value": 1255.217, "status": "verified", "sourceValue": 1255.217, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/cashBeforeWorkingCapital", "value": 1288.928, "status": "verified", "sourceValue": 1288.928, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/tangibleCapex", "value": 64.599, "status": "verified", "sourceValue": 64.599, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/intangibleCapex", "value": 70.231, "status": "verified", "sourceValue": 70.231, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/cashLeasePayments", "value": 19.452, "status": "verified", "sourceValue": 19.452, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Cash-flow financing lease payments only; operating cash flow already includes operating-classified interest and short-term/low-value lease costs." }, { "file": "evolution-data.json", "path": "/periods/annual/4/weightedShares", "value": 202.786174, "status": "verified", "sourceValue": 202.786174, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Basic period-weighted denominator, source shares /1,000,000; not closing or diluted shares." }, { "file": "evolution-data.json", "path": "/periods/annual/4/cashBalance", "value": 817.951, "status": "verified", "sourceValue": 817.951, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/cashTaxPaid", "value": 74.978, "status": "verified", "sourceValue": 74.978, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/incomeTaxExpense", "value": 184.328, "status": "verified", "sourceValue": 184.328, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/annual/4/capex", "value": 134.82999999999998, "status": "calculated", "sourceValue": 134.82999999999998, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Tangible cash capex + intangible cash capex. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/fcf", "value": 1120.3870000000002, "status": "calculated", "sourceValue": 1120.3870000000002, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − tangible capex − intangible capex. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/cashAfterLeases", "value": 1100.9350000000002, "status": "calculated", "sourceValue": 1100.9350000000002, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Calculated FCF − reported lease cash payments. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/fcfPerShare", "value": 5.524967397432135, "status": "calculated", "sourceValue": 5.524967397432135, "unit": "EUR / share", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "FCF in EUR m / weighted-average basic shares in millions. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/capexPct", "value": 6.524432142615192, "status": "calculated", "sourceValue": 6.524432142615192, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Cash capex / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/adjEbitdaMarginPct", "value": 66.08500198399257, "status": "calculated", "sourceValue": 66.08500198399257, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "Adjusted EBITDA / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/workingCapitalCash", "value": -33.71100000000001, "status": "calculated", "sourceValue": -33.71100000000001, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − cash flow before working-capital changes. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/revenueGrowth", "value": 0.1674676515994289, "status": "calculated", "sourceValue": 0.1674676515994289, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current net revenue / prior comparable period − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/liveRevenueGrowth", "value": -0.1776730073310473, "status": "calculated", "sourceValue": -0.1776730073310473, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Live revenue / prior comparable-period Live revenue − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/rngRevenueGrowth", "value": 2.3003226019745915, "status": "calculated", "sourceValue": 2.3003226019745915, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "RNG revenue / prior comparable-period RNG revenue − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/fcfGrowth", "value": -3.7708785861953587, "status": "calculated", "sourceValue": -3.7708785861953587, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current FCF / prior comparable-period FCF − 1. " }, { "file": "evolution-data.json", "path": "/periods/annual/4/availabilityPct", "value": 99.9, "status": "verified", "sourceValue": 99.9, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/annual/4/newGameRevenueShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/annual/4/studioUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/annual/4/studioReturn", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." } ] }, { "sourceUrl": "https://storage.mfn.se/bbf67910-dce3-4b0c-8228-de12e62c78f6/evo-q2-2026-07-17-eng.pdf", "locator": "pp.2 (CEO regional comments),4 (H1),5 (regional quarterly tables),8 (income),11 (cash flow),12 (shares and KPIs),13 (APM reconciliation). Report not independently reviewed.", "period": "H1 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "unaudited, not independently reviewed", "checks": [ { "file": "evolution-data.json", "path": "/periods/halfYear/0/revenue", "value": 1045.213, "status": "verified", "sourceValue": 1045.213, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/liveRevenue", "value": 902.36, "status": "verified", "sourceValue": 902.36, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/rngRevenue", "value": 142.853, "status": "verified", "sourceValue": 142.853, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/adjEbitda", "value": 687.243, "status": "verified", "sourceValue": 687.243, "unit": "EUR m", "currency": "EUR", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/operatingProfit", "value": 609.818, "status": "verified", "sourceValue": 609.818, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/netProfit", "value": 502.986, "status": "verified", "sourceValue": 502.986, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/newGames", "value": null, "status": "not_verified", "sourceValue": null, "unit": "games", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "2021productlaunchcomponents differinscope (Live/slots/FirstPerson); H1report hasselectedlaunches butno comparablecompletehalf-yearnewgamecount. Annualcountsnotprorated." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/liveTables", "value": null, "status": "not_verified", "sourceValue": null, "unit": "tables", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Interimoriginal doesnotestablishacomparablehalf-yearendpoint/table/availability/concentrationvalue; publicationdescription870+ isseparatelydated, annualcountsnotcopied." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/operators", "value": null, "status": "not_verified", "sourceValue": null, "unit": "operators", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Interimoriginal doesnotestablishacomparablehalf-yearendpoint/table/availability/concentrationvalue; publicationdescription870+ isseparatelydated, annualcountsnotcopied." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/topFiveCustomerShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Interimoriginal doesnotestablishacomparablehalf-yearendpoint/table/availability/concentrationvalue; publicationdescription870+ isseparatelydated, annualcountsnotcopied." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/largestCustomerShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Interimoriginal doesnotestablishacomparablehalf-yearendpoint/table/availability/concentrationvalue; publicationdescription870+ isseparatelydated, annualcountsnotcopied." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/cashOperations", "value": 586.673, "status": "verified", "sourceValue": 586.673, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/cashBeforeWorkingCapital", "value": 611.333, "status": "verified", "sourceValue": 611.333, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/tangibleCapex", "value": 31.365, "status": "verified", "sourceValue": 31.365, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/intangibleCapex", "value": 35.239, "status": "verified", "sourceValue": 35.239, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/cashLeasePayments", "value": 10.058, "status": "verified", "sourceValue": 10.058, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Cash-flow financing lease payments only; operating cash flow already includes operating-classified interest and short-term/low-value lease costs." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/weightedShares", "value": 204.773575, "status": "verified", "sourceValue": 204.773575, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Basic period-weighted denominator, source shares /1,000,000; not closing or diluted shares." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/cashBalance", "value": 505.255, "status": "verified", "sourceValue": 505.255, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/cashTaxPaid", "value": 69.829, "status": "verified", "sourceValue": 69.829, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/incomeTaxExpense", "value": 93.707, "status": "verified", "sourceValue": 93.707, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/capex", "value": 66.604, "status": "calculated", "sourceValue": 66.604, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Tangible cash capex + intangible cash capex. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/fcf", "value": 520.069, "status": "calculated", "sourceValue": 520.069, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − tangible capex − intangible capex. Unaudited interim cash measure. Working-capital timing affects the comparison." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/cashAfterLeases", "value": 510.01099999999997, "status": "calculated", "sourceValue": 510.01099999999997, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Calculated FCF − reported lease cash payments. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/fcfPerShare", "value": 2.5397271107856567, "status": "calculated", "sourceValue": 2.5397271107856567, "unit": "EUR / share", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "FCF in EUR m / weighted-average basic shares in millions. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/capexPct", "value": 6.37228966727356, "status": "calculated", "sourceValue": 6.37228966727356, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Cash capex / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/adjEbitdaMarginPct", "value": 65.75147840679364, "status": "calculated", "sourceValue": 65.75147840679364, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "Adjusted EBITDA / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/workingCapitalCash", "value": -24.659999999999968, "status": "calculated", "sourceValue": -24.659999999999968, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − cash flow before working-capital changes. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/revenueGrowth", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Firststoredperiod inthisbasis hasno matchingpreviousperiodrow; derivedgrowthnotcreated fromdifferentperiodlength." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/liveRevenueGrowth", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Firststoredperiod inthisbasis hasno matchingpreviousperiodrow; derivedgrowthnotcreated fromdifferentperiodlength." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/rngRevenueGrowth", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Firststoredperiod inthisbasis hasno matchingpreviousperiodrow; derivedgrowthnotcreated fromdifferentperiodlength." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/fcfGrowth", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Firststoredperiod inthisbasis hasno matchingpreviousperiodrow; derivedgrowthnotcreated fromdifferentperiodlength." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/newGameRevenueShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/availabilityPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Interimoriginal doesnotestablishacomparablehalf-yearendpoint/table/availability/concentrationvalue; publicationdescription870+ isseparatelydated, annualcountsnotcopied." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/studioUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/studioReturn", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." } ] }, { "sourceUrl": "https://mb.cision.com/Main/12069/4207965/3583126.pdf", "locator": "Consolidated statements, notes and operating performance tables (field locator in checks).", "period": "H1 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "unaudited, not independently reviewed", "checks": [ { "file": "evolution-data.json", "path": "/periods/halfYear/0/northAmericaRevenue", "value": 145.5, "status": "calculated", "sourceValue": 145.5, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 71.5 + Q2 74 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/europeRevenue", "value": 369.9, "status": "calculated", "sourceValue": 369.9, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 189.7 + Q2 180.2 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/asiaRevenue", "value": 411, "status": "calculated", "sourceValue": 411.0, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 201.9 + Q2 209.1 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/latamRevenue", "value": 73.8, "status": "calculated", "sourceValue": 73.80000000000001, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 36.2 + Q2 37.6 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/otherRevenue", "value": 45, "status": "calculated", "sourceValue": 45.0, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 21.6 + Q2 23.4 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/regulatedRevenue", "value": 465.1, "status": "calculated", "sourceValue": 465.1, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 233.2 + Q2 231.9 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/0/regulatedShare", "value": 44.49810708439333, "status": "calculated", "sourceValue": 44.498107084393325, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Annual values: company-reported rounded share. Half-years: sum of reported Q1 and Q2 regulated revenue / half-year consolidated net revenue × 100. Same geographical table; ratio to H1 consolidated net revenue. Optional additional fill: calculated regulated revenue / same H1 net revenue. Do not average quarterly 45% and44% /48% and49%; numerator is rounded EUR0.1m, so display about44.5% /48.8%. Existing annual metric definition says company-rounded reported share and must be extended with period-level Calculated classification." } ] }, { "sourceUrl": "https://storage.mfn.se/bbf67910-dce3-4b0c-8228-de12e62c78f6/evo-q2-2026-07-17-eng.pdf", "locator": "pp.2 (CEO regional comments),4 (H1),5 (regional quarterly tables),8 (income),11 (cash flow),12 (shares and KPIs),13 (APM reconciliation). Report not independently reviewed.", "period": "H1 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "unaudited, not independently reviewed", "checks": [ { "file": "evolution-data.json", "path": "/periods/halfYear/1/revenue", "value": 1030.83, "status": "verified", "sourceValue": 1030.83, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/liveRevenue", "value": 872.165, "status": "verified", "sourceValue": 872.165, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/rngRevenue", "value": 158.665, "status": "verified", "sourceValue": 158.665, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/adjEbitda", "value": 676.307, "status": "verified", "sourceValue": 676.307, "unit": "EUR m", "currency": "EUR", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "" }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/operatingProfit", "value": 590.394, "status": "verified", "sourceValue": 590.394, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/netProfit", "value": 503.369, "status": "verified", "sourceValue": 503.369, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/newGames", "value": null, "status": "not_verified", "sourceValue": null, "unit": "games", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "2021productlaunchcomponents differinscope (Live/slots/FirstPerson); H1report hasselectedlaunches butno comparablecompletehalf-yearnewgamecount. Annualcountsnotprorated." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/northAmericaRevenue", "value": 159.7, "status": "calculated", "sourceValue": 159.7, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 78.7 + Q2 81 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/europeRevenue", "value": 340.1, "status": "calculated", "sourceValue": 340.1, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 167.1 + Q2 173 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/asiaRevenue", "value": 388.3, "status": "calculated", "sourceValue": 388.3, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 197.8 + Q2 190.5 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/latamRevenue", "value": 94.3, "status": "calculated", "sourceValue": 94.3, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 46.8 + Q2 47.5 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/otherRevenue", "value": 48.4, "status": "calculated", "sourceValue": 48.400000000000006, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 22.6 + Q2 25.8 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/liveTables", "value": null, "status": "not_verified", "sourceValue": null, "unit": "tables", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Interimoriginal doesnotestablishacomparablehalf-yearendpoint/table/availability/concentrationvalue; publicationdescription870+ isseparatelydated, annualcountsnotcopied." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/operators", "value": null, "status": "not_verified", "sourceValue": null, "unit": "operators", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Interimoriginal doesnotestablishacomparablehalf-yearendpoint/table/availability/concentrationvalue; publicationdescription870+ isseparatelydated, annualcountsnotcopied." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/topFiveCustomerShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Interimoriginal doesnotestablishacomparablehalf-yearendpoint/table/availability/concentrationvalue; publicationdescription870+ isseparatelydated, annualcountsnotcopied." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/largestCustomerShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Interimoriginal doesnotestablishacomparablehalf-yearendpoint/table/availability/concentrationvalue; publicationdescription870+ isseparatelydated, annualcountsnotcopied." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/regulatedRevenue", "value": 502.8, "status": "calculated", "sourceValue": 502.8, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Sum of original quarter-only end-user geography / regulated revenue: Q1 246.7 + Q2 256.1 EUR million; not operator registered-office geography." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/regulatedShare", "value": 48.77622886411921, "status": "calculated", "sourceValue": 48.77622886411921, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Annual values: company-reported rounded share. Half-years: sum of reported Q1 and Q2 regulated revenue / half-year consolidated net revenue × 100. Same geographical table; ratio to H1 consolidated net revenue. Optional additional fill: calculated regulated revenue / same H1 net revenue. Do not average quarterly 45% and44% /48% and49%; numerator is rounded EUR0.1m, so display about44.5% /48.8%. Existing annual metric definition says company-rounded reported share and must be extended with period-level Calculated classification." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/cashOperations", "value": 638.885, "status": "verified", "sourceValue": 638.885, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": "Working capital released €44.655m versus a €24.660m absorption in H1 2025. Cash before working capital declined. Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/cashBeforeWorkingCapital", "value": 594.23, "status": "verified", "sourceValue": 594.23, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/tangibleCapex", "value": 38.348, "status": "verified", "sourceValue": 38.348, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/intangibleCapex", "value": 30.924, "status": "verified", "sourceValue": 30.924, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/cashLeasePayments", "value": 9.634, "status": "verified", "sourceValue": 9.634, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Cash-flow financing lease payments only; operating cash flow already includes operating-classified interest and short-term/low-value lease costs." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/weightedShares", "value": 198.234633, "status": "verified", "sourceValue": 198.234633, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Basic period-weighted denominator, source shares /1,000,000; not closing or diluted shares." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/cashBalance", "value": 1153.539, "status": "verified", "sourceValue": 1153.539, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/cashTaxPaid", "value": 90.849, "status": "verified", "sourceValue": 90.849, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/incomeTaxExpense", "value": 97.591, "status": "verified", "sourceValue": 97.591, "unit": "EUR m", "currency": "EUR", "accountingBasis": "company reported; see source table", "notes": " Original financial statement EUR thousands divided by1000." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/capex", "value": 69.27199999999999, "status": "calculated", "sourceValue": 69.27199999999999, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Tangible cash capex + intangible cash capex. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/fcf", "value": 569.613, "status": "calculated", "sourceValue": 569.613, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − tangible capex − intangible capex. Unaudited interim cash measure. Working-capital timing affects the comparison." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/cashAfterLeases", "value": 559.979, "status": "calculated", "sourceValue": 559.979, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Calculated FCF − reported lease cash payments. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/fcfPerShare", "value": 2.8734282772879554, "status": "calculated", "sourceValue": 2.8734282772879554, "unit": "EUR / share", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "FCF in EUR m / weighted-average basic shares in millions. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/capexPct", "value": 6.720021730062182, "status": "calculated", "sourceValue": 6.720021730062182, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Cash capex / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/adjEbitdaMarginPct", "value": 65.60800519969345, "status": "calculated", "sourceValue": 65.60800519969345, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer alternative performance measure; excludes other operating income in2024/25, not statutory operating profit", "notes": "Adjusted EBITDA / net revenue × 100. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/workingCapitalCash", "value": 44.65499999999997, "status": "calculated", "sourceValue": 44.65499999999997, "unit": "EUR m", "currency": "EUR", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − cash flow before working-capital changes. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/revenueGrowth", "value": -1.3760831524292194, "status": "calculated", "sourceValue": -1.3760831524292194, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current net revenue / prior comparable period − 1. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/liveRevenueGrowth", "value": -3.3462254532559133, "status": "calculated", "sourceValue": -3.3462254532559133, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Live revenue / prior comparable-period Live revenue − 1. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/rngRevenueGrowth", "value": 11.068720992908787, "status": "calculated", "sourceValue": 11.068720992908787, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "RNG revenue / prior comparable-period RNG revenue − 1. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/fcfGrowth", "value": 9.526428223947224, "status": "calculated", "sourceValue": 9.526428223947224, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current FCF / prior comparable-period FCF − 1. " }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/newGameRevenueShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/availabilityPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Interimoriginal doesnotestablishacomparablehalf-yearendpoint/table/availability/concentrationvalue; publicationdescription870+ isseparatelydated, annualcountsnotcopied." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/studioUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." }, { "file": "evolution-data.json", "path": "/periods/halfYear/1/studioReturn", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalannualandinterimreports providegroup/productfinancials andcapacitycounts, not definednewgamecohortrevenues,studio-levelcapacityutilization orcashreturns. No comparablefieldbackfillestablished." } ] } ], "claims": [ { "file": "evolution-data.json", "pathOrText": "/observations/0", "claim": "420 releases; average 105 per year", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Annual launch counts in2022–25 original reports", "notes": "88+110+109+113=420;420/4=105 calculated." }, { "file": "evolution-data.json", "pathOrText": "/observations/1", "claim": "+9.5% year on year", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/bbf67910-dce3-4b0c-8228-de12e62c78f6/evo-q2-2026-07-17-eng.pdf", "locator": "CEO comments p2", "notes": "Q22026 year-on-year North America includesCanada." }, { "file": "evolution-data.json", "pathOrText": "/observations/2", "claim": "49%; €256.1m revenue", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/bbf67910-dce3-4b0c-8228-de12e62c78f6/evo-q2-2026-07-17-eng.pdf", "locator": "Geographical and regulated-market table p5", "notes": "Q22026EUR256.1m/share49%; Q22025EUR231.9m/share44%; quarterly only." }, { "file": "evolution-data.json", "pathOrText": "/observations/3", "claim": "Opened during Q2 2026", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/bbf67910-dce3-4b0c-8228-de12e62c78f6/evo-q2-2026-07-17-eng.pdf", "locator": "Events/CEO comments pp1–2", "notes": "Second Michigan studio opened during Q2." }, { "file": "evolution-data.json", "pathOrText": "/observations/4", "claim": "Online slots through Bally’s", "verdict": "verified", "sourceUrl": "https://news.cision.com/evolution/r/evolution-enters-rhode-island-through-extended-partnership-with-bally-s-corporation,c4177973", "locator": "3July2025 issuer press release", "notes": "Online slots access via Bally’s; no inference of local live studio." }, { "file": "evolution-data.json", "pathOrText": "/observations/5", "claim": "870+ operators", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/bbf67910-dce3-4b0c-8228-de12e62c78f6/evo-q2-2026-07-17-eng.pdf", "locator": "Company description p1", "notes": "870+ customers publication-date qualified count." }, { "file": "evolution-data.json", "pathOrText": "/notes/0", "claim": "Amounts use EUR millions and weighted-average basic shares in millions. The Stockholm listing trades in SEK; no market-price conversion or valuation is presented. Calculated values retain source precision; displayed rounding can make totals differ.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Consolidated financial statements/EPS notes", "notes": "EUR000 converted toEURm; weighted basic absolute shares to millions." }, { "file": "evolution-data.json", "pathOrText": "/notes/1", "claim": "Net revenue excludes other operating income. The 2024 and 2025 statutory results include noncash acquisition-related earn-out remeasurements. Adjusted EBITDA excludes other operating income; the comparable 2021–2023 EBITDA measure had no separate other-operating-income line.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Income statement and APM reconciliation pp85,126", "notes": "Acquisition earnout remeasurement other operating income excluded by adjusted measure;2021–23 definitions inspected." }, { "file": "evolution-data.json", "pathOrText": "/notes/2", "claim": "FCF is calculated as operating cash flow less tangible and intangible cash capex. The cash-after-leases measure deducts the reported financing lease-payment line once. Short-term/low-value lease costs and operating-classified interest are already within operating cash flow. Both subtotals exclude acquisitions, dividends and repurchases.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Cash-flow statementp88 and lease note116", "notes": "FCF and cash-after-financing-lease-payments definitions recomputed every period; no second lease-interest deduction." }, { "file": "evolution-data.json", "pathOrText": "/notes/3", "claim": "Development can be expensed or capitalised. Operating cash flow already reflects expensed development; cash intangible investment captures capitalised spending. The tangible/intangible split does not identify maintenance versus growth spending.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Intangible assets and cash flow", "notes": "Accounting distinction, not maintenance/growth classification." }, { "file": "evolution-data.json", "pathOrText": "/notes/4", "claim": "H1 2026 working capital released €44.655m, compared with a €24.660m absorption in H1 2025: a €69.315m swing. Cash before working capital fell from €611.333m to €594.230m. The cash improvement therefore does not establish stronger underlying demand.", "verdict": "calculated", "sourceUrl": "https://storage.mfn.se/bbf67910-dce3-4b0c-8228-de12e62c78f6/evo-q2-2026-07-17-eng.pdf", "locator": "Cash-flow statementp11", "notes": "44.655−(-24.660)=69.315EURm; preWC594.230vs611.333 directly reported." }, { "file": "evolution-data.json", "pathOrText": "/notes/5", "claim": "Cash tax paid can differ from tax expense. FY2025 cash tax was €74.978m versus €184.328m income tax expense. The accounts describe the Maltese tax/refund mechanism and Pillar II effects. These cash subtotals are not normalised for future tax settlements; the cash balance is not automatically surplus cash.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Cash flowp88; tax policies and effective-tax notespp98,107", "notes": "Cash74.978EURm versus expense184.328EURm; no future normalization." }, { "file": "evolution-data.json", "pathOrText": "/notes/6", "claim": "Regional revenue uses the company’s end-user-location basis, not the registered addresses of customer operators. North America includes Canada. In 2021 the old Other category included Latin America, so the later separate series starts in 2022.", "verdict": "verified", "sourceUrl": "https://attachment.news.eu.nasdaq.com/a92e701de9e33b766f57cc3c4d980a0ef", "locator": "Geography notep93", "notes": "End-user allocation basis;2021Other includesLatAm." }, { "file": "evolution-data.json", "pathOrText": "/notes/7", "claim": "The 2022 and 2023 regional observations use later comparative classifications. For 2025 the financial-note figures are used: Europe €729.8m, North America €296.7m and Other €89.6m. The introductory chart differs by €0.1m in those categories. Rounded regional amounts need not equal exact consolidated revenue.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Geography financialnotep102 plus2023/24 comparatives", "notes": "Compared explicitly financial-note729.8/296.7/89.6 vs introchart; later classifications used." }, { "file": "evolution-data.json", "pathOrText": "/notes/8", "claim": "The 2025 financial note labels its €156.8m regional category South America; its €145.5m comparison matches earlier Latin America disclosure. The dashboard retains the familiar regional label with this qualification.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Geography notep102", "notes": "SouthAmerica156.8; comparison145.5 matches priorLatAm." }, { "file": "evolution-data.json", "pathOrText": "/notes/9", "claim": "Annual game releases are 88, 110, 109 and 113 in 2022–2025. The 2024 narrative says releases increased, but its numerical count is below 2023. The explicit counts are retained. No comparable complete 2021 total is inferred from differently scoped product counts.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Launch counts plus2022–24 originals", "notes": "Counts88/110/109/113, not narrative direction;2021mixed scopes intentionallynot combined." }, { "file": "evolution-data.json", "pathOrText": "/notes/10", "claim": "Table counts and operator counts are lower bounds or approximate observations. Their qualifiers are preserved and they are omitted from exact numeric charts. They do not measure table utilisation, active players or individual-game productivity.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Customers/tablespp14–15, plus priorreports", "notes": "Qualifiers lowerbounds/approximations preserved; not utilization." }, { "file": "evolution-data.json", "pathOrText": "/notes/11", "claim": "Customer concentration uses the five-year table in the 2025 annual report. System availability excludes planned maintenance and measures uptime, not demand or utilisation.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Customer-dependency tablep14; systemavailability5-year KPI", "notes": "Topfive22/30/41/46/39 andtopone11/14/13/13/12; maintenanceexcluded availability." }, { "file": "evolution-data.json", "pathOrText": "/notes/12", "claim": "The 2023 operating-cash-flow figure uses the 2024 comparative statement, avoiding a typographical extra digit in the earlier report. Per-share FCF uses period-weighted basic shares, not issued shares including treasury stock or closing shares.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDEzNTk2NS8zMzkwNzg1LnBkZg/evolution-annual-report-2024.pdf", "locator": "Cashflowp80; weightedbasic EPSnote", "notes": "2023CFO1168.447 from later comparative; no extrapolation fromissuedshares." }, { "file": "evolution-data.json", "pathOrText": "/notes/13", "claim": "Acquisitions affect the perimeter: Big Time Gaming entered consolidation during 2021 and Nolimit City during 2022. Reported growth is not automatically organic growth. New studios and product launches can have different revenue ramp-up periods.", "verdict": "verified", "sourceUrl": "https://attachment.news.eu.nasdaq.com/a92e701de9e33b766f57cc3c4d980a0ef", "locator": "Acquisitions notespp106–107", "notes": "BigTimeGaming2021/NolimitCity2022 enter consolidation; growth not automaticallyorganic." }, { "file": "evolution-data.json", "pathOrText": "/notes/14", "claim": "Regulated-market revenue share is a company-reported classification, not a legal conclusion for each channel. The UK regulator’s findings and settlement conditions are presented separately from management explanations. Earlier discussions do not override the regulator’s published findings.", "verdict": "verified", "sourceUrl": "https://www.gamblingcommission.gov.uk/public-register/public-statement/detail/evolution-malta-holding-limited-public-statement", "locator": "Regulatory findings and settlement23July2026", "notes": "Classification is not compliancecertification; legal conclusion restricted to regulator findings." }, { "file": "evolution-data.json", "pathOrText": "/notes/15", "claim": "Half-year results use the January–June 2026 report and matching 2025 comparisons. They are unaudited and the report states it was not independently reviewed. Quarterly operating updates remain separately dated rather than being inserted into annual or half-year series.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/bbf67910-dce3-4b0c-8228-de12e62c78f6/evo-q2-2026-07-17-eng.pdf", "locator": "Basis and independent-review statement; financial tables", "notes": "January–June actuals;matching2025comparatives; report not independently reviewed." }, { "file": "evolution-data.json", "pathOrText": "/risks/0/paragraphs/0", "claim": "The UK Gambling Commission published a £4.75m settlement on 23 July 2026 after finding failings in Evolution Malta Holding Limited's risk assessment, controls and customer due diligence. Five genuine games had appeared on six unlicensed websites operated by two customers and accessible in Great Britain. The settlement includes an independent audit within 12 months of the review's conclusion and payment of investigation costs.", "verdict": "verified", "sourceUrl": "https://www.gamblingcommission.gov.uk/public-register/public-statement/detail/evolution-malta-holding-limited-public-statement", "locator": "UKGC finding/news; Q22026 CEOcomments; Playtech2025USreview as applicable", "notes": "" }, { "file": "evolution-data.json", "pathOrText": "/risks/0/paragraphs/1", "claim": "Monitor: Audit completion and findings, licence conditions and any further enforcement. Do not label the matter an unresolved review or a licence revocation.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.gamblingcommission.gov.uk/public-register/public-statement/detail/evolution-malta-holding-limited-public-statement", "locator": "UKGC finding/news; Q22026 CEOcomments; Playtech2025USreview as applicable", "notes": "" }, { "file": "evolution-data.json", "pathOrText": "/risks/1/paragraphs/0", "claim": "The regulator said Evolution responded promptly and that subsequent testing found no further instances of concern. It also said the original failings were serious enough for suspension to be considered. The operating issue is whether controls work throughout the supply chain, including downstream websites.", "verdict": "verified", "sourceUrl": "https://www.gamblingcommission.gov.uk/news/article/evolution-malta-holding-limited-to-pay-gbp4-75m", "locator": "UKGC finding/news; Q22026 CEOcomments; Playtech2025USreview as applicable", "notes": "" }, { "file": "evolution-data.json", "pathOrText": "/risks/2/paragraphs/0", "claim": "Management attributed Q2 2026's 3.7% sequential Asian revenue decline partly to increased cybercrime activity. It also described European channelisation as a concern despite 3.5% sequential revenue growth. These are management explanations; they do not quantify the standalone revenue effect of each factor.", "verdict": "verified", "sourceUrl": "https://www.evolution.com/investors/financial-publications/press-releases/evolution-interim-report-january-june-2026", "locator": "UKGC finding/news; Q22026 CEOcomments; Playtech2025USreview as applicable", "notes": "Management attribution preserved, not independently quantified causal impact." }, { "file": "evolution-data.json", "pathOrText": "/risks/2/paragraphs/1", "claim": "Monitor: Regional revenue trends and subsequent disclosures about access restrictions, cyber incidents and customer activity. Avoid treating every weak quarter as proof of weak new games.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.evolution.com/investors/financial-publications/press-releases/evolution-interim-report-january-june-2026", "locator": "UKGC finding/news; Q22026 CEOcomments; Playtech2025USreview as applicable", "notes": "Management attribution preserved, not independently quantified causal impact." }, { "file": "evolution-data.json", "pathOrText": "/risks/3/paragraphs/0", "claim": "Playtech and Pragmatic Play both offer live games, dedicated environments and localised content. Playtech reported more than 60 live tables across New Jersey, Michigan and Pennsylvania at the end of 2025, versus more than 35 a year earlier. Pragmatic Play announced a Colombia studio operated by ARRISE. These demonstrate competing investment, not independently measured market shares.", "verdict": "corrected", "sourceUrl": "https://www.pragmaticplay.com/en/news/pragmatic-play-expands-latam-offering-as-new-live-casino-studio-launches-in-colombia/", "locator": "Issuer studioannouncement: future willfeatureover100tables", "notes": "The issuer announcement describes more than 100 tables as future planned capacity. Remove that prospective count under the historical-only scope, while preserving the verified studio announcement, ARRISE operator and historical Playtech table counts.", "originalClaim": "Playtech and Pragmatic Play both offer live games, dedicated environments and localised content. Playtech reported more than 60 live tables across New Jersey, Michigan and Pennsylvania at the end of 2025, versus more than 35 a year earlier. Pragmatic Play announced a Colombia studio operated by ARRISE, with more than 100 tables planned. These demonstrate competing investment, not independently measured market shares." }, { "file": "evolution-data.json", "pathOrText": "/risks/3/paragraphs/1", "claim": "Monitor: Operator contract wins or losses, differentiated content, pricing pressure and sustained revenue growth relative to the relevant market.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.investors.playtech.com/~/media/Files/P/Playtech-IR-V2/documents/results-and-presentations/2025/playtech-full-year-results-2025.pdf", "locator": "UKGC finding/news; Q22026 CEOcomments; Playtech2025USreview as applicable", "notes": "" }, { "file": "evolution-data.json", "pathOrText": "/risks/3/paragraphs/0", "claim": "Playtech and Pragmatic Play both offer live games, dedicated environments and localised content. Playtech reported more than 60 live tables across New Jersey, Michigan and Pennsylvania at the end of 2025, versus more than 35 a year earlier. Pragmatic Play announced a Colombia studio operated by ARRISE. These demonstrate competing investment, not independently measured market shares.", "verdict": "corrected", "sourceUrl": "https://www.pragmaticplay.com/en/news/pragmatic-play-expands-latam-offering-as-new-live-casino-studio-launches-in-colombia/", "locator": "Issuer studioannouncement: future willfeatureover100tables", "notes": "The issuer announcement describes more than 100 tables as future planned capacity. Remove that prospective count under the historical-only scope, while preserving the verified studio announcement, ARRISE operator and historical Playtech table counts.", "originalClaim": "Pragmatic Play announced Colombia studio operated by ARRISE; over100tables planned" }, { "file": "evolution.html", "pathOrText": "Revenue comes mainly from commissions linked to operators’ gaming winnings, with additional fees for dedicated tables and related services.", "claim": "Revenue comes mainly from commissions linked to operators’ gaming winnings, with additional fees for dedicated tables and related services.", "verdict": "verified", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Business model/revenue sources pp13–14", "notes": "B2B casino content; wagers and operator gaming revenue are not Evolution sales." }, { "file": "evolution.html", "pathOrText": "Between 2022 and 2025, annual releases rose from 88 to 113. Revenue grew 41.9% and calculated FCF grew 43.5%.", "claim": "Between 2022 and 2025, annual releases rose from 88 to 113. Revenue grew 41.9% and calculated FCF grew 43.5%.", "verdict": "calculated", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "2025income/cashflow with2022original financialcomparisons", "notes": "Revenue100×(2066.54/1456.737−1)=41.860885%; FCF100×(1120.387/780.526−1)=43.542560%, rounded1decimal." }, { "file": "evolution.html", "pathOrText": "The 2025 divergence: 113 releases accompanied revenue growth of just 0.2% and an FCF decline of 3.8%.", "claim": "The 2025 divergence: 113 releases accompanied revenue growth of just 0.2% and an FCF decline of 3.8%.", "verdict": "calculated", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Income/cashflow2025and2024", "notes": "Revenue0.1675% and FCF−3.7709%, rounded1decimal; source-yearamounts verified." }, { "file": "evolution.html", "pathOrText": "Traditional blackjack has limited main seats; infinite formats can serve a much larger audience.", "claim": "Traditional blackjack has limited main seats; infinite formats can serve a much larger audience.", "verdict": "verified", "sourceUrl": "https://games.evolution.com/live-casino/live-blackjack/", "locator": "LiveBlackjack paragraphs31,35 andInfiniteBlackjack47 (issuerproductdescription)", "notes": "Regularsevenmainseats plusBetBehind;Infiniteunlimitedsimultaneousplaces. Qualitativecapacitymodelonly." }, { "file": "evolution.html", "pathOrText": "The distribution flywheel.", "claim": "The distribution flywheel.", "verdict": "editorial_interpretation", "sourceUrl": "https://storage.mfn.se/c/aHR0cHM6Ly9tYi5jaXNpb24uY29tL01haW4vMTIwNjkvNDMyOTk1NC80MDIxMTAyLnBkZg/annual_report_english_2026_04_01.pdf", "locator": "Business model; source facts establish content, operator distribution and production", "notes": "Remaining growth/margin/scale/reinvestment passages are conditional economic mechanisms and explicitly labelled interpretations; not verified causal effects or forecasts." } ], "corrections": [ { "file": "evolution-data.json", "path": "/risks/3/paragraphs/0", "oldValue": "Playtech and Pragmatic Play both offer live games, dedicated environments and localised content. Playtech reported more than 60 live tables across New Jersey, Michigan and Pennsylvania at the end of 2025, versus more than 35 a year earlier. Pragmatic Play announced a Colombia studio operated by ARRISE, with more than 100 tables planned. These demonstrate competing investment, not independently measured market shares.", "newValue": "Playtech and Pragmatic Play both offer live games, dedicated environments and localised content. Playtech reported more than 60 live tables across New Jersey, Michigan and Pennsylvania at the end of 2025, versus more than 35 a year earlier. Pragmatic Play announced a Colombia studio operated by ARRISE. These demonstrate competing investment, not independently measured market shares.", "reason": "The issuer announcement describes more than 100 tables as future planned capacity. Remove that prospective count under the historical-only scope, while preserving the verified studio announcement, ARRISE operator and historical Playtech table counts.", "sourceUrl": "https://www.pragmaticplay.com/en/news/pragmatic-play-expands-latam-offering-as-new-live-casino-studio-launches-in-colombia/", "locator": "Issuer studioannouncement: future willfeatureover100tables", "period": "historicalannouncement;futurecapacityremoved", "currency": "not applicable", "units": "text", "accountingBasis": "historicaloperationsonly" } ], "unresolved": [ "New-game cohort returns, studio utilisation and studio-level investment returns are not disclosed on the required basis. Retained gaps have individual evidence notes." ], "batch": "operations", "name": "Evolution", "pages": [ "evolution.html" ], "reviewComplete": true, "originalResearchSummary": "All 250 populated annual and interim period numbers match original sources or independently recomputed formulas. Regional reclassifications, rounded operating counts, basic weighted shares, lease cash payments, tax differences and regulator findings were checked. Remove the future planned Colombia table count while retaining the historical studio announcement.", "originalUnresolved": [ "Removefuture >100plannedColombiatablecount from/risks/3/paragraphs/0; actualstudioannouncement remainsverified.", "Nullseries(newgamecohortreturns,studioutilization/returns,andunestablishedperiodcounts) cannotbecreated frompublicreporting." ], "correctionsApplied": 1, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 167, "not_verified": 44, "calculated": 83 }, "sourceCount": 14 }, { "id": "apple", "status": "partial", "periodsReviewed": [ "FY2021", "FY2022", "FY2023", "FY2024", "FY2025", "Q3 FY2025", "Q3 FY2026", "9M FY2025", "9M FY2026" ], "summary": "Completed source review: 167 source checks, 153 arithmetic checks, 3 unverified checks. 0 dated field or wording changes applied. 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"https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 9: Products; column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/productsCost", "value": 192266, "status": "verified", "sourceValue": 192266.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 10: Services; column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual 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"currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 12: Gross margin; column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/grossProfit", "value": 152836, "status": "verified", "sourceValue": 152836.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 15: Research and development; column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/rd", "value": 21914, "status": "verified", "sourceValue": 21914.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 16: Selling, general and administrative; column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/sga", "value": 21973, "status": "verified", "sourceValue": 21973.0, "notes": "Column sequence and period header inspected; source 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activities; column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/ocf", "value": 104038, "status": "verified", "sourceValue": 104038.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 26, row 25: Payments for acquisition of property, plant and equipment; column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": 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"sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 31: Diluted; column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/dilutedShares", "value": 16864.919, "status": "verified", "sourceValue": 16864.919, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 27, row 2: iPhone (1); column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/iphoneRevenue", "value": 191973, "status": "verified", "sourceValue": 191973.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 27, row 3: Mac (1); column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/macRevenue", "value": 35190, "status": "verified", "sourceValue": 35190.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 27, row 4: iPad (1); column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/ipadRevenue", "value": 31862, "status": "verified", "sourceValue": 31862.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 27, row 5: Wearables, Home and Accessories (1); column 3 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/wearablesRevenue", "value": 38367, "status": "verified", "sourceValue": 38367.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 14, row 5: Greater China; column 5 in numeric sequence", "period": "FY2021 ended 2021-09-25", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/0/chinaRevenue", "value": 68366, "status": "verified", "sourceValue": 68366.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 4: Products; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/productsRevenue", "value": 316199, "status": "verified", "sourceValue": 316199.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 5: Services; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/servicesRevenue", "value": 78129, "status": "verified", "sourceValue": 78129.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 9: Products; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/productsCost", "value": 201471, "status": "verified", "sourceValue": 201471.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 10: Services; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/servicesCost", "value": 22075, "status": "verified", "sourceValue": 22075.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 6: Total net sales; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/revenue", "value": 394328, "status": "verified", "sourceValue": 394328.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 12: Gross margin; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/grossProfit", "value": 170782, "status": "verified", "sourceValue": 170782.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 15: Research and development; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/rd", "value": 26251, "status": "verified", "sourceValue": 26251.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 16: Selling, general and administrative; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/sga", "value": 25094, "status": "verified", "sourceValue": 25094.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 19: Operating income; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/operatingIncome", "value": 119437, "status": "verified", "sourceValue": 119437.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 26, row 19: Cash generated by operating activities; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/ocf", "value": 122151, "status": "verified", "sourceValue": 122151.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 26, row 25: Payments for acquisition of property, plant and equipment; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/capex", "value": 10708, "status": "verified", "sourceValue": 10708.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 26, row 33: Repurchases of common stock; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/repurchases", "value": 89402, "status": "verified", "sourceValue": 89402.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 22, row 31: Diluted; column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/dilutedShares", "value": 16325.819, "status": "verified", "sourceValue": 16325.819, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 27, row 2: iPhone (1); column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/iphoneRevenue", "value": 205489, "status": "verified", "sourceValue": 205489.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 27, row 3: Mac (1); column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/macRevenue", "value": 40177, "status": "verified", "sourceValue": 40177.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 27, row 4: iPad (1); column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/ipadRevenue", "value": 29292, "status": "verified", "sourceValue": 29292.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 27, row 5: Wearables, Home and Accessories (1); column 2 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/wearablesRevenue", "value": 41241, "status": "verified", "sourceValue": 41241.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Table 14, row 5: Greater China; column 3 in numeric sequence", "period": "FY2022 ended 2022-09-24", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/chinaRevenue", "value": 74200, "status": "verified", "sourceValue": 74200.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 4: Products; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/productsRevenue", "value": 298085, "status": "verified", "sourceValue": 298085.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 5: Services; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/servicesRevenue", "value": 85200, "status": "verified", "sourceValue": 85200.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 9: Products; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/productsCost", "value": 189282, "status": "verified", "sourceValue": 189282.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 10: Services; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/servicesCost", "value": 24855, "status": "verified", "sourceValue": 24855.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 6: Total net sales; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/revenue", "value": 383285, "status": "verified", "sourceValue": 383285.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 12: Gross margin; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/grossProfit", "value": 169148, "status": "verified", "sourceValue": 169148.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 15: Research and development; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/rd", "value": 29915, "status": "verified", "sourceValue": 29915.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 16: Selling, general and administrative; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/sga", "value": 24932, "status": "verified", "sourceValue": 24932.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 19: Operating income; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/operatingIncome", "value": 114301, "status": "verified", "sourceValue": 114301.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 26, row 18: Cash generated by operating activities; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/ocf", "value": 110543, "status": "verified", "sourceValue": 110543.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 26, row 24: Payments for acquisition of property, plant and equipment; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/capex", "value": 10959, "status": "verified", "sourceValue": 10959.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 26, row 32: Repurchases of common stock; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/repurchases", "value": 77550, "status": "verified", "sourceValue": 77550.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 31: Diluted; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/dilutedShares", "value": 15812.547, "status": "verified", "sourceValue": 15812.547, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 27, row 2: iPhone; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/iphoneRevenue", "value": 200583, "status": "verified", "sourceValue": 200583.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 27, row 3: Mac; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/macRevenue", "value": 29357, "status": "verified", "sourceValue": 29357.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 27, row 4: iPad; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/ipadRevenue", "value": 28300, "status": "verified", "sourceValue": 28300.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 27, row 5: Wearables, Home and Accessories; column 3 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/wearablesRevenue", "value": 39845, "status": "verified", "sourceValue": 39845.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 14, row 4: Greater China; column 5 in numeric sequence", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/chinaRevenue", "value": 72559, "status": "verified", "sourceValue": 72559.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 4: Products; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/productsRevenue", "value": 294866, "status": "verified", "sourceValue": 294866.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 5: Services; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/servicesRevenue", "value": 96169, "status": "verified", "sourceValue": 96169.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 9: Products; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/productsCost", "value": 185233, "status": "verified", "sourceValue": 185233.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 10: Services; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/servicesCost", "value": 25119, "status": "verified", "sourceValue": 25119.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 6: Total net sales; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/revenue", "value": 391035, "status": "verified", "sourceValue": 391035.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 12: Gross margin; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/grossProfit", "value": 180683, "status": "verified", "sourceValue": 180683.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 15: Research and development; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/rd", "value": 31370, "status": "verified", "sourceValue": 31370.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 16: Selling, general and administrative; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/sga", "value": 26097, "status": "verified", "sourceValue": 26097.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 19: Operating income; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/operatingIncome", "value": 123216, "status": "verified", "sourceValue": 123216.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 26, row 18: Cash generated by operating activities; column 2 in numeric sequence", "period": "FY2024 ended 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labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 27, row 4: iPad; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/ipadRevenue", "value": 26694, "status": "verified", "sourceValue": 26694.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 27, row 5: Wearables, Home and Accessories; column 2 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/wearablesRevenue", "value": 37005, "status": "verified", "sourceValue": 37005.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 14, row 4: Greater China; column 3 in numeric sequence", "period": "FY2024 ended 2024-09-28", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/chinaRevenue", "value": 66952, "status": "verified", "sourceValue": 66952.0, "notes": "Column sequence and 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Services; column 1 in numeric sequence", "period": "FY2025 ended 2025-09-27", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/4/servicesRevenue", "value": 109158, "status": "verified", "sourceValue": 109158.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 9: Products; column 1 in numeric sequence", "period": "FY2025 ended 2025-09-27", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/4/productsCost", "value": 194116, "status": "verified", "sourceValue": 194116.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 10: Services; column 1 in numeric sequence", "period": "FY2025 ended 2025-09-27", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/4/servicesCost", "value": 26844, "status": "verified", "sourceValue": 26844.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 6: Total net sales; column 1 in numeric sequence", "period": "FY2025 ended 2025-09-27", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/4/revenue", "value": 416161, "status": "verified", "sourceValue": 416161.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AAPL/revenue", "value": 416161, "status": "verified", "sourceValue": 416161.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 12: Gross margin; column 1 in numeric sequence", "period": "FY2025 ended 2025-09-27", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/4/grossProfit", "value": 195201, "status": "verified", "sourceValue": 195201.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 15: Research and development; column 1 in numeric sequence", "period": "FY2025 ended 2025-09-27", "currency": "USD", "units": "USD million", "accountingBasis": "US 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"Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/0/fcfPerShare", "value": 5.511618526006558, "status": "calculated", "sourceValue": 5.511618526006558, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "Calculated from individually reconciled inputs; same fiscal period, year-earlier growth", "period": "FY2022", "currency": "USD", "units": "USD million / percent / USD per diluted share as metric labelled", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/1/productsGrossProfit", "value": 114728, "status": "calculated", "sourceValue": 114728, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/servicesGrossProfit", "value": 56054, "status": "calculated", "sourceValue": 56054, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/productsMargin", "value": 36.28347970739945, "status": "calculated", "sourceValue": 36.28347970739945, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/servicesMargin", "value": 71.74544663313239, "status": "calculated", "sourceValue": 71.74544663313239, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/servicesMix", "value": 19.813201192915542, "status": "calculated", "sourceValue": 19.813201192915542, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/servicesGpMix", "value": 32.8219601597358, "status": "calculated", "sourceValue": 32.8219601597358, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/grossMargin", "value": 43.30963056136009, "status": "calculated", "sourceValue": 43.30963056136009, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/operatingMargin", "value": 30.288744395528596, "status": "calculated", "sourceValue": 30.288744395528592, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/rdIntensity", "value": 6.657148363798665, "status": "calculated", "sourceValue": 6.657148363798665, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/chinaMix", "value": 18.81682254366923, "status": "calculated", "sourceValue": 18.81682254366923, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/iphoneMix", "value": 52.111186626361814, "status": "calculated", "sourceValue": 52.11118662636181, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/marginGap", "value": 35.46196692573294, "status": "calculated", "sourceValue": 35.46196692573294, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percentage points", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/fcf", "value": 111443, "status": "calculated", "sourceValue": 111443, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/fcfMargin", "value": 28.261498042238948, "status": "calculated", "sourceValue": 28.261498042238948, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/fcfPerShare", "value": 6.8261812776437125, "status": "calculated", "sourceValue": 6.8261812776437125, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/revenueGrowth", "value": 7.79378760418461, "status": "calculated", "sourceValue": 7.79378760418461, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/productsRevenueGrowth", "value": 6.323976435142842, "status": "calculated", "sourceValue": 6.323976435142842, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/servicesRevenueGrowth", "value": 14.181951041286078, "status": "calculated", "sourceValue": 14.181951041286078, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/1/fcfGrowth", "value": 19.89177326175595, "status": "calculated", "sourceValue": 19.89177326175595, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Calculated from individually reconciled inputs; same fiscal period, year-earlier growth", "period": "FY2023", "currency": "USD", "units": "USD million / percent / USD per diluted share as metric labelled", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/2/productsGrossProfit", "value": 108803, "status": "calculated", "sourceValue": 108803, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/servicesGrossProfit", "value": 60345, "status": "calculated", "sourceValue": 60345, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/productsMargin", "value": 36.50066256269185, "status": "calculated", "sourceValue": 36.50066256269185, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/servicesMargin", "value": 70.8274647887324, "status": "calculated", "sourceValue": 70.8274647887324, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/servicesMix", "value": 22.228889729574597, "status": "calculated", "sourceValue": 22.2288897295746, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/servicesGpMix", "value": 35.6758578286471, "status": "calculated", "sourceValue": 35.6758578286471, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/grossMargin", "value": 44.13112957720756, "status": "calculated", "sourceValue": 44.13112957720756, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/operatingMargin", "value": 29.82141226502472, "status": "calculated", "sourceValue": 29.821412265024723, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/rdIntensity", "value": 7.804897139204509, "status": "calculated", "sourceValue": 7.804897139204509, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/chinaMix", "value": 18.930821712302855, "status": "calculated", "sourceValue": 18.930821712302855, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/iphoneMix", "value": 52.33259845806645, "status": "calculated", "sourceValue": 52.33259845806645, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/marginGap", "value": 34.32680222604055, "status": "calculated", "sourceValue": 34.32680222604055, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percentage points", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/fcf", "value": 99584, "status": "calculated", "sourceValue": 99584, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/fcfMargin", "value": 25.981710737440807, "status": "calculated", "sourceValue": 25.981710737440807, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/fcfPerShare", "value": 6.297783652437523, "status": "calculated", "sourceValue": 6.297783652437523, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/revenueGrowth", "value": -2.800460530319937, "status": "calculated", "sourceValue": -2.800460530319937, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/productsRevenueGrowth", "value": -5.728670868661823, "status": "calculated", "sourceValue": -5.728670868661823, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/servicesRevenueGrowth", "value": 9.050416618669122, "status": "calculated", "sourceValue": 9.050416618669122, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/2/fcfGrowth", "value": -10.641314393905411, "status": "calculated", "sourceValue": -10.641314393905411, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Calculated from individually reconciled inputs; same fiscal period, year-earlier growth", "period": "FY2024", "currency": "USD", "units": "USD million / percent / USD per diluted share as metric labelled", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/3/productsGrossProfit", "value": 109633, "status": "calculated", "sourceValue": 109633, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/servicesGrossProfit", "value": 71050, "status": "calculated", "sourceValue": 71050, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/productsMargin", "value": 37.18061763648573, "status": "calculated", "sourceValue": 37.18061763648572, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/servicesMargin", "value": 73.88035645582256, "status": "calculated", "sourceValue": 73.88035645582256, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/servicesMix", "value": 24.593450714130448, "status": "calculated", "sourceValue": 24.593450714130448, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/servicesGpMix", "value": 39.32301323312099, "status": "calculated", "sourceValue": 39.32301323312099, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/grossMargin", "value": 46.20634981523393, "status": "calculated", "sourceValue": 46.206349815233935, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/operatingMargin", "value": 31.51022287007557, "status": "calculated", "sourceValue": 31.510222870075566, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/rdIntensity", "value": 8.022299794136075, "status": "calculated", "sourceValue": 8.022299794136075, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/chinaMix", "value": 17.121741020624754, "status": "calculated", "sourceValue": 17.121741020624754, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/iphoneMix", "value": 51.44884728988454, "status": "calculated", "sourceValue": 51.44884728988453, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/marginGap", "value": 36.69973881933684, "status": "calculated", "sourceValue": 36.699738819336844, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percentage points", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/fcf", "value": 108807, "status": "calculated", "sourceValue": 108807, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/fcfMargin", "value": 27.825386474356517, "status": "calculated", "sourceValue": 27.825386474356517, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/fcfPerShare", "value": 7.061677644121483, "status": "calculated", "sourceValue": 7.061677644121483, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/revenueGrowth", "value": 2.021994077514111, "status": "calculated", "sourceValue": 2.021994077514111, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/productsRevenueGrowth", "value": -1.0798933190197424, "status": "calculated", "sourceValue": -1.0798933190197424, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/servicesRevenueGrowth", "value": 12.874413145539897, "status": "calculated", "sourceValue": 12.874413145539897, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/3/fcfGrowth", "value": 9.261527956298199, "status": "calculated", "sourceValue": 9.261527956298199, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Calculated from individually reconciled inputs; same fiscal period, year-earlier growth", "period": "FY2025", "currency": "USD", "units": "USD million / percent / USD per diluted share as metric labelled", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "apple-data.json", "path": "/periods/annual/4/productsGrossProfit", "value": 112887, "status": "calculated", "sourceValue": 112887, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/servicesGrossProfit", "value": 82314, "status": "calculated", "sourceValue": 82314, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/productsMargin", "value": 36.77065044966987, "status": "calculated", "sourceValue": 36.77065044966987, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/servicesMargin", "value": 75.4081240037377, "status": "calculated", "sourceValue": 75.4081240037377, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/servicesMix", "value": 26.22975242754607, "status": "calculated", "sourceValue": 26.22975242754607, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/servicesGpMix", "value": 42.16884134814883, "status": "calculated", "sourceValue": 42.16884134814883, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/grossMargin", "value": 46.90516410716045, "status": "calculated", "sourceValue": 46.90516410716045, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/operatingMargin", "value": 31.97079976259188, "status": "calculated", "sourceValue": 31.970799762591884, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/rdIntensity", "value": 8.302075398703867, "status": "calculated", "sourceValue": 8.302075398703867, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/chinaMix", "value": 15.469253486030647, "status": "calculated", "sourceValue": 15.469253486030645, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/iphoneMix", "value": 50.36175903075973, "status": "calculated", "sourceValue": 50.361759030759735, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/marginGap", "value": 38.637473554067824, "status": "calculated", "sourceValue": 38.637473554067824, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percentage points", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/fcf", "value": 98767, "status": "calculated", "sourceValue": 98767, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/fcfMargin", "value": 23.732882225869314, "status": "calculated", "sourceValue": 23.732882225869314, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/fcfPerShare", "value": 6.582405496092323, "status": "calculated", "sourceValue": 6.582405496092323, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/revenueGrowth", "value": 6.425511782832749, "status": "calculated", "sourceValue": 6.425511782832749, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/productsRevenueGrowth", "value": 4.116106977406697, "status": "calculated", "sourceValue": 4.116106977406697, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/servicesRevenueGrowth", "value": 13.506431386413498, "status": "calculated", "sourceValue": 13.506431386413498, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/annual/4/fcfGrowth", "value": -9.227347505215654, "status": "calculated", "sourceValue": -9.227347505215654, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.apple.com/newsroom/pdfs/fy2026q3/FY26_Q3_Consolidated_Financial_Statements.pdf", "locator": "Calculated from individually reconciled inputs; same fiscal period, year-earlier growth", "period": "9M FY2025", "currency": "USD", "units": "USD million / percent / USD per diluted share as metric labelled", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "apple-data.json", "path": "/periods/nineMonths/0/productsGrossProfit", "value": 86190, "status": "calculated", "sourceValue": 86190, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/servicesGrossProfit", "value": 60670, "status": "calculated", "sourceValue": 60670, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/productsMargin", "value": 36.94590783026916, "status": "calculated", "sourceValue": 36.94590783026916, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/servicesMargin", "value": 75.45269127450005, "status": "calculated", "sourceValue": 75.45269127450005, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/servicesMix", "value": 25.63254116259424, "status": "calculated", "sourceValue": 25.63254116259424, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/servicesGpMix", "value": 41.31145308457034, "status": "calculated", "sourceValue": 41.31145308457034, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/grossMargin", "value": 46.816174947002665, "status": "calculated", "sourceValue": 46.816174947002665, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/operatingMargin", "value": 32.07669870415531, "status": "calculated", "sourceValue": 32.07669870415531, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/rdIntensity", "value": 8.187570729530277, "status": "calculated", "sourceValue": 8.187570729530275, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/chinaMix", "value": 15.902070482475015, "status": "calculated", "sourceValue": 15.902070482475015, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/iphoneMix", "value": 51.183793174899186, "status": "calculated", "sourceValue": 51.183793174899186, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/marginGap", "value": 38.5067834442309, "status": "calculated", "sourceValue": 38.5067834442309, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percentage points", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/fcf", "value": 72281, "status": "calculated", "sourceValue": 72281, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/fcfMargin", "value": 23.04180812572722, "status": "calculated", "sourceValue": 23.04180812572722, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/fcfPerShare", "value": 4.802173518173264, "status": "calculated", "sourceValue": 4.802173518173264, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.apple.com/newsroom/pdfs/fy2026q3/FY26_Q3_Consolidated_Financial_Statements.pdf", "locator": "Calculated from individually reconciled inputs; same fiscal period, year-earlier growth", "period": "9M FY2026", "currency": "USD", "units": "USD million / percent / USD per diluted share as metric labelled", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "apple-data.json", "path": "/periods/nineMonths/1/productsGrossProfit", "value": 108819, "status": "calculated", "sourceValue": 108819, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/servicesGrossProfit", "value": 69963, "status": "calculated", "sourceValue": 69963, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/productsMargin", "value": 39.914682590626825, "status": "calculated", "sourceValue": 39.91468259062682, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/servicesMargin", "value": 76.2722396650968, "status": "calculated", "sourceValue": 76.2722396650968, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/servicesMix", "value": 25.175308831722734, "status": "calculated", "sourceValue": 25.17530883172273, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/servicesGpMix", "value": 39.13313420814176, "status": "calculated", "sourceValue": 39.133134208141755, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/grossMargin", "value": 49.0678098677945, "status": "calculated", "sourceValue": 49.0678098677945, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/operatingMargin", "value": 33.60220882266568, "status": "calculated", "sourceValue": 33.60220882266568, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/rdIntensity", "value": 9.341113248819152, "status": "calculated", "sourceValue": 9.341113248819152, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/chinaMix", "value": 17.795458849425152, "status": "calculated", "sourceValue": 17.795458849425152, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/iphoneMix", "value": 53.9347398293432, "status": "calculated", "sourceValue": 53.9347398293432, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/marginGap", "value": 36.35755707446998, "status": "calculated", "sourceValue": 36.35755707446999, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percentage points", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/fcf", "value": 110197, "status": "calculated", "sourceValue": 110197, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/fcfMargin", "value": 30.244238480391484, "status": "calculated", "sourceValue": 30.244238480391484, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/fcfPerShare", "value": 7.470830088766996, "status": "calculated", "sourceValue": 7.470830088766996, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/revenueGrowth", "value": 16.150082086102735, "status": "calculated", "sourceValue": 16.150082086102735, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/productsRevenueGrowth", "value": 16.8642058923129, "status": "calculated", "sourceValue": 16.8642058923129, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/servicesRevenueGrowth", "value": 14.078201174012527, "status": "calculated", "sourceValue": 14.078201174012527, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/fcfGrowth", "value": 52.45638549549674, "status": "calculated", "sourceValue": 52.45638549549674, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.apple.com/newsroom/pdfs/fy2026q3/FY26_Q3_Consolidated_Financial_Statements.pdf", "locator": "Calculated from individually reconciled inputs; same fiscal period, year-earlier growth", "period": "Q3 FY2025", "currency": "USD", "units": "USD million / percent / USD per diluted share as metric labelled", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "apple-data.json", "path": "/periods/quarterly/0/productsGrossProfit", "value": 22993, "status": "calculated", "sourceValue": 22993, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/servicesGrossProfit", "value": 20725, "status": "calculated", "sourceValue": 20725, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/productsMargin", "value": 34.51728641556453, "status": "calculated", "sourceValue": 34.51728641556453, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/servicesMargin", "value": 75.57524705539146, "status": "calculated", "sourceValue": 75.57524705539146, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/servicesMix", "value": 29.16223573950402, "status": "calculated", "sourceValue": 29.162235739504023, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/servicesGpMix", "value": 47.40610274943959, "status": "calculated", "sourceValue": 47.40610274943959, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/grossMargin", "value": 46.490705687183635, "status": "calculated", "sourceValue": 46.490705687183635, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/operatingMargin", "value": 29.990641881832488, "status": "calculated", "sourceValue": 29.99064188183249, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/rdIntensity", "value": 9.428304053766643, "status": "calculated", "sourceValue": 9.428304053766642, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/chinaMix", "value": 16.343740695052958, "status": "calculated", "sourceValue": 16.343740695052958, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/iphoneMix", "value": 47.4095027436301, "status": "calculated", "sourceValue": 47.4095027436301, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/marginGap", "value": 41.05796063982693, "status": "calculated", "sourceValue": 41.05796063982693, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percentage points", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.apple.com/newsroom/pdfs/fy2026q3/FY26_Q3_Consolidated_Financial_Statements.pdf", "locator": "Calculated from individually reconciled inputs; same fiscal period, year-earlier growth", "period": "Q3 FY2026", "currency": "USD", "units": "USD million / percent / USD per diluted share as metric labelled", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "apple-data.json", "path": "/periods/quarterly/1/productsGrossProfit", "value": 31525, "status": "calculated", "sourceValue": 31525, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/servicesGrossProfit", "value": 23245, "status": "calculated", "sourceValue": 23245, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/productsMargin", "value": 40.068379979155544, "status": "calculated", "sourceValue": 40.068379979155544, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/servicesMargin", "value": 75.62054718761183, "status": "calculated", "sourceValue": 75.62054718761183, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/servicesMix", "value": 28.093440690203533, "status": "calculated", "sourceValue": 28.09344069020353, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/servicesGpMix", "value": 42.44111740003652, "status": "calculated", "sourceValue": 42.44111740003652, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/grossMargin", "value": 50.0562069879452, "status": "calculated", "sourceValue": 50.056206987945195, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/operatingMargin", "value": 32.62290137729969, "status": "calculated", "sourceValue": 32.62290137729969, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/rdIntensity", "value": 10.7195408391749, "status": "calculated", "sourceValue": 10.7195408391749, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/chinaMix", "value": 17.196596506941333, "status": "calculated", "sourceValue": 17.196596506941333, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/iphoneMix", "value": 49.582788780536845, "status": "calculated", "sourceValue": 49.582788780536845, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/marginGap", "value": 35.55216720845629, "status": "calculated", "sourceValue": 35.55216720845629, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percentage points", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/revenueGrowth", "value": 16.356501765281383, "status": "calculated", "sourceValue": 16.356501765281383, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/productsRevenueGrowth", "value": 18.112080224580794, "status": "calculated", "sourceValue": 18.112080224580794, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/servicesRevenueGrowth", "value": 12.092039528862642, "status": "calculated", "sourceValue": 12.092039528862642, "notes": "Ratios use unrounded input data; FCF=OCF−cash PPE; weighted-average diluted shares for FCF/share.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 22, row 6: Total net sales; column 2 in numeric sequence", "period": "FY2024 comparator", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AAPL/priorRevenue", "value": 391035, "status": "verified", "sourceValue": 391035.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 26, row 18: Cash generated by operating activities; column 2 in numeric sequence", "period": "FY2024 comparator", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AAPL/priorOcf", "value": 118254, "status": "verified", "sourceValue": 118254.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 26, row 24: Payments for acquisition of property, plant and equipment; column 2 in numeric sequence", "period": "FY2024 comparator", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AAPL/priorCapex", "value": 9447, "status": "verified", "sourceValue": 9447.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 26, row 8: Depreciation and amortization; column 1 in numeric sequence", "period": "FY2025 ended 2025-09-27", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AAPL/da", "value": 11698, "status": "verified", "sourceValue": 11698.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Table 24, row 40: Total shareholders’ equity; column 1 in numeric sequence", "period": "FY2025 ended 2025-09-27", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AAPL/commonEquity", "value": 73733, "status": "verified", "sourceValue": 73733.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Balance sheet p.31, issued/outstanding shares converted thousands to millions", "period": "2025-09-27", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AAPL/endShares", "value": 14773.26, "status": "verified", "sourceValue": 14773.26, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.apple.com/newsroom/pdfs/fy2026q3/FY26_Q3_Consolidated_Financial_Statements.pdf", "locator": "PDF p.2, 14,608,963 thousand actual issued and outstanding shares", "period": "2026-06-27", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim release", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AAPL/capitalisationShares/shares", "value": 14608.963, "status": "verified", "sourceValue": 14608.963, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.apple.com/newsroom/pdfs/fy2026q3/FY26_Q3_Consolidated_Financial_Statements.pdf", "locator": "Quote × dated actual common shares", "period": "Quote 2026-10-16 with balance-date shares", "currency": "USD", "units": "USD million", "accountingBasis": "arithmetic proxy, quote input unverified", "statementStatus": "calculation", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AAPL/commonEquityValueProxy", "value": 5017594.43198, "status": "calculated", "sourceValue": 5017594.43198, "notes": "Calculation reconciles only; historical stock quote lacks original exchange evidence in mapped source.", "unit": "USD million", "currency": "USD", "accountingBasis": "arithmetic proxy, quote input unverified" } ] } ], "claims": [ { "file": "apple.html", "pathOrText": "Business overview; Design, distribute, support", "claim": "Apple designs and sells the listed device categories and related software/services; outsourced manufacturing and direct/indirect distribution are described.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Item1 Business, Products, Services, Markets and Distribution", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple.html", "pathOrText": "Sales, fees & services", "claim": "Services includes advertising/licensing, digital content/App Store, cloud, AppleCare and payments; subscriptions are only part of revenue.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Item1 Services; Note2 Revenue", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple.html", "pathOrText": "Services versus physical products", "claim": "Products and Services are disclosure categories; reportable segments are geographic. Gross profit precedes group R&D and SG&A.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Segments; statement of operations; Note2", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple.html", "pathOrText": "Why the margins differ", "claim": "Apple records third-party application sales net at its retained commission.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Note2 Revenue, principal-versus-agent paragraph p35", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple.html", "pathOrText": "/notes/1", "claim": "FY2023 had53 weeks; FY2024/FY2025 each52; fiscal years end on last Saturday in September.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "MD&A fiscal calendar; Note1", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple.html", "pathOrText": "/notes/6", "claim": "Irish State Aid Decision affected FY2024 tax expense; expense and payment timing must remain separate.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Note7 Income Taxes, State Aid Decision", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple.html", "pathOrText": "Risk sections", "claim": "Supply chain, competition, trade and platform regulation are disclosed risk exposures, not predictions that each event occurs.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Item1A Risk Factors", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple-data.json", "pathOrText": "/notes/1", "claim": "FY2021 and FY2022 each52 weeks; FY2023 53weeks.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "locator": "MD&A fiscal calendar", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple-data.json", "pathOrText": "/observations/0", "claim": ">2.0bn Active installed devices; 2 February 2023 · Q1 FY2023 release", "verdict": "verified", "sourceUrl": "https://www.apple.com/newsroom/2023/02/apple-reports-first-quarter-results/", "locator": "Release opening management remarks; threshold/date retained", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple-data.json", "pathOrText": "/observations/1", "claim": ">2.2bn Active installed devices; 1 February 2024 · Q1 FY2024 release", "verdict": "verified", "sourceUrl": "https://www.apple.com/newsroom/2024/02/apple-reports-first-quarter-results/", "locator": "Release opening management remarks; threshold/date retained", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple-data.json", "pathOrText": "/observations/2", "claim": ">2.5bn Active installed devices; 29 January 2026 · Q1 FY2026 release", "verdict": "verified", "sourceUrl": "https://www.apple.com/newsroom/2026/01/apple-reports-first-quarter-results/", "locator": "Release opening management remarks; threshold/date retained", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple-data.json", "pathOrText": "/observations/3", "claim": "New record; no exact number Active installed devices; 30 July 2026 · Q3 FY2026 release", "verdict": "verified", "sourceUrl": "https://www.apple.com/newsroom/2026/07/apple-reports-third-quarter-results/", "locator": "Release opening management remarks; threshold/date retained", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple-data.json", "pathOrText": "/observations/4", "claim": ">1.0bn Paid subscriptions; 3 August 2023 · Q3 FY2023 release", "verdict": "verified", "sourceUrl": "https://www.apple.com/newsroom/2023/08/apple-reports-third-quarter-results/", "locator": "Release opening management remarks; threshold/date retained", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple-data.json", "pathOrText": "/notes/5", "claim": "Q3 FY2026 consolidated gross margin includes approximately2 percentage points benefit from tariff refunds.", "verdict": "verified", "sourceUrl": "https://www.apple.com/newsroom/2026/07/apple-reports-third-quarter-results/", "locator": "Opening results paragraph", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple.html", "pathOrText": "Useful together", "claim": "Handoff, AirDrop and Universal Clipboard connect supported Apple devices.", "verdict": "verified", "sourceUrl": "https://support.apple.com/en-us/108046", "locator": "Continuity features and requirements", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple.html", "pathOrText": "A promise customers can test", "claim": "Privacy is Apple company positioning; no independent customer-trust/security proof asserted.", "verdict": "verified", "sourceUrl": "https://www.apple.com/privacy/", "locator": "Privacy landing page", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "apple.html", "pathOrText": "Flywheel; Brand & economics; hypothetical question", "claim": "Brand preference, switching effort, longevity, services scale and reinvestment mechanisms are conditional hypotheses, not measured causal findings.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "locator": "Editorial sections explicitly labelled operating interpretation", "notes": "No numerical brand premium, retention, replacement cycle or AI return claimed; missing series remain gaps." } ], "corrections": [], "unresolved": [ "berkshire-holdings-data.json/holdings/@AAPL/price: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "berkshire-holdings-data.json/holdings/@AAPL/marketCap: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "berkshire-holdings-data.json/holdings/@AAPL/vendorMarketCap: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation." ], "businessClaimLimits": [ "No numerical brand premium, retention, replacement cycle or AI return claimed; missing series remain gaps." ], "nullReview": { "count": 70, "excludedFromNumericFieldCount": true, "entries": [ { "file": "apple-data.json", "path": "/periods/annual/0/revenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "FY2021" }, { "file": "apple-data.json", "path": "/periods/annual/0/productsRevenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "FY2021" }, { "file": "apple-data.json", "path": "/periods/annual/0/servicesRevenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "FY2021" }, { "file": "apple-data.json", "path": "/periods/annual/0/fcfGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "FY2021" }, { "file": "apple-data.json", "path": "/periods/annual/0/activeDevices", "value": null, "classification": "separate_dated_milestones", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "FY2021" }, { "file": "apple-data.json", "path": "/periods/annual/0/paidSubscriptions", "value": null, "classification": "separate_dated_milestones", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "FY2021" }, { "file": "apple-data.json", "path": "/periods/annual/0/retention", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2021" }, { "file": "apple-data.json", "path": "/periods/annual/0/replacementCycle", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2021" }, { "file": "apple-data.json", "path": "/periods/annual/0/servicesOperatingMargin", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2021" }, { "file": "apple-data.json", "path": "/periods/annual/1/activeDevices", "value": null, "classification": "separate_dated_milestones", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "FY2022" }, { "file": "apple-data.json", "path": "/periods/annual/1/paidSubscriptions", "value": null, "classification": "separate_dated_milestones", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "FY2022" }, { "file": "apple-data.json", "path": "/periods/annual/1/retention", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2022" }, { "file": "apple-data.json", "path": "/periods/annual/1/replacementCycle", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2022" }, { "file": "apple-data.json", "path": "/periods/annual/1/servicesOperatingMargin", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019323000106/aapl-20230930.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2022" }, { "file": "apple-data.json", "path": "/periods/annual/2/activeDevices", "value": null, "classification": "separate_dated_milestones", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "FY2023" }, { "file": "apple-data.json", "path": "/periods/annual/2/paidSubscriptions", "value": null, "classification": "separate_dated_milestones", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "FY2023" }, { "file": "apple-data.json", "path": "/periods/annual/2/retention", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2023" }, { "file": "apple-data.json", "path": "/periods/annual/2/replacementCycle", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2023" }, { "file": "apple-data.json", "path": "/periods/annual/2/servicesOperatingMargin", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2023" }, { "file": "apple-data.json", "path": "/periods/annual/3/activeDevices", "value": null, "classification": "separate_dated_milestones", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "FY2024" }, { "file": "apple-data.json", "path": "/periods/annual/3/paidSubscriptions", "value": null, "classification": "separate_dated_milestones", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "FY2024" }, { "file": "apple-data.json", "path": "/periods/annual/3/retention", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2024" }, { "file": "apple-data.json", "path": "/periods/annual/3/replacementCycle", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2024" }, { "file": "apple-data.json", "path": "/periods/annual/3/servicesOperatingMargin", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2024" }, { "file": "apple-data.json", "path": "/periods/annual/4/activeDevices", "value": null, "classification": "separate_dated_milestones", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "FY2025" }, { "file": "apple-data.json", "path": "/periods/annual/4/paidSubscriptions", "value": null, "classification": "separate_dated_milestones", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "FY2025" }, { "file": "apple-data.json", "path": "/periods/annual/4/retention", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2025" }, { "file": "apple-data.json", "path": "/periods/annual/4/replacementCycle", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2025" }, { "file": "apple-data.json", "path": "/periods/annual/4/servicesOperatingMargin", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm", "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "FY2025" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/revenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": null, "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "9M FY2025" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/productsRevenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": null, "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "9M FY2025" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/servicesRevenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": null, "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "9M FY2025" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/fcfGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": null, "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "9M FY2025" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/activeDevices", "value": null, "classification": "separate_dated_milestones", "sourceUrl": null, "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "9M FY2025" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/paidSubscriptions", "value": null, "classification": "separate_dated_milestones", "sourceUrl": null, "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "9M FY2025" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/retention", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "9M FY2025" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/replacementCycle", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "9M FY2025" }, { "file": "apple-data.json", "path": "/periods/nineMonths/0/servicesOperatingMargin", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "9M FY2025" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/activeDevices", "value": null, "classification": "separate_dated_milestones", "sourceUrl": null, "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "9M FY2026" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/paidSubscriptions", "value": null, "classification": "separate_dated_milestones", "sourceUrl": null, "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "9M FY2026" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/retention", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "9M FY2026" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/replacementCycle", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "9M FY2026" }, { "file": "apple-data.json", "path": "/periods/nineMonths/1/servicesOperatingMargin", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "9M FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/ocf", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/capex", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/repurchases", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/fcf", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/fcfMargin", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/fcfPerShare", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/revenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": null, "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/productsRevenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": null, "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/servicesRevenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": null, "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/fcfGrowth", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/activeDevices", "value": null, "classification": "separate_dated_milestones", "sourceUrl": null, "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/paidSubscriptions", "value": null, "classification": "separate_dated_milestones", "sourceUrl": null, "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/retention", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/replacementCycle", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/0/servicesOperatingMargin", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "Q3 FY2025" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/ocf", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/capex", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/repurchases", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/fcf", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/fcfMargin", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/fcfPerShare", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/fcfGrowth", "value": null, "classification": "cumulative_only_in_selected_source", "sourceUrl": null, "sourceValue": null, "notes": "Selected Q3 release provides nine-month cash flow, not standalone Q3. Null is appropriate within source set. Q3 could only be backfilled after independently sourcing matching H1 cash flow and subtracting it from9M; no backfill verified in this audit.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/activeDevices", "value": null, "classification": "separate_dated_milestones", "sourceUrl": null, "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/paidSubscriptions", "value": null, "classification": "separate_dated_milestones", "sourceUrl": null, "sourceValue": null, "notes": "Threshold disclosures exist separately in /observations; no exact fiscal-period-end/annual-average series. Keep null; do not interpolate milestones.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/retention", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/replacementCycle", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "Q3 FY2026" }, { "file": "apple-data.json", "path": "/periods/quarterly/1/servicesOperatingMargin", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No matching comparable retention/replacement-cycle or standalone Services operating-margin series in reviewed Apple annual/interim reports. Geographic segments and Products/Services gross margins cannot substitute.", "period": "Q3 FY2026" } ], "countsByClassification": { "comparison_boundary": 11, "separate_dated_milestones": 18, "source_set_gap": 27, "cumulative_only_in_selected_source": 14 } }, "batch": "tech-pages", "name": "Apple", "pages": [ "apple.html", "berkshire.html" ], "reviewComplete": true, "originalResearchSummary": "320 of 323 mapped numeric fields reconciled individually, including embedded copies and calculations; 3 unresolved dated market quote fields. Material factual claims recorded separately from interpretation. No numerical corrections required. Separate null register covers 70 null leaves; these were excluded from numeric verification counts. ", "originalUnresolved": [ "berkshire-holdings-data.json/holdings/@AAPL/price: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "berkshire-holdings-data.json/holdings/@AAPL/marketCap: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "berkshire-holdings-data.json/holdings/@AAPL/vendorMarketCap: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation." ], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": { "not_verified": 3, "verified": 167, "calculated": 153 }, "sourceCount": 10 }, { "id": "netflix", "status": "partial", "periodsReviewed": [ "FY2021–FY2025 each annual income/cash-flow row", "Q2 2025", "Q2 2026", "H1 2025", "H1 2026", "Q3 2025", "Q3 2026", "9M 2025", "9M 2026", "annual embedded balances 2022–2025; 2021 equity/shares" ], "summary": "Completed source review: 316 source checks, 209 arithmetic checks, 0 unverified checks. 20 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": null, "locator": "Explicit inventory of fields not yet reconciled", "period": "individual field context", "currency": "per dataset", "units": "per dataset", "accountingBasis": "unverified", "statementStatus": "unverified", "checks": [] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 3: Revenues; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/revenue", "value": 29697.844, "status": "verified", "sourceValue": 29697.844, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/revenue", "value": 29697.844, "status": "verified", "sourceValue": 29697.844, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/0/metrics/0/value", "value": 29697.844, "status": "verified", "sourceValue": 29697.844, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 8: Operating income; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/operatingIncome", "value": 6194.509, "status": "verified", "sourceValue": 6194.509, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/operatingIncome", "value": 6194.509, "status": "verified", "sourceValue": 6194.509, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 20: Net cash provided by operating activities; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/operatingCashFlow", "value": 392.61, "status": "verified", "sourceValue": 392.61, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/ocf", "value": 392.61, "status": "verified", "sourceValue": 392.61, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 22: Purchases of property and equipment; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/propertyEquipmentPurchases", "value": 524.585, "status": "verified", "sourceValue": 524.585, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/capex", "value": 524.585, "status": "verified", "sourceValue": 524.585, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 6: Additions to content assets; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/contentAdditions", "value": 17702.202, "status": "verified", "sourceValue": 17702.202, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 7: Change in content liabilities; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/contentLiabilityChange", "value": 232.898, "status": "verified", "sourceValue": 232.898, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 8: Amortization of content assets; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/contentAmortisation", "value": 12230.367, "status": "verified", "sourceValue": 12230.367, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/0/metrics/3/value", "value": 12230.367, "status": "verified", "sourceValue": 12230.367, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 5: Marketing; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/marketing", "value": 2545.146, "status": "verified", "sourceValue": 2545.146, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 6: Technology and development; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/technologyDevelopment", "value": 2273.885, "status": "verified", "sourceValue": 2273.885, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 21: Diluted; column 3 in numeric sequence", "period": "2021", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/dilutedShares", "value": 4553.72, "status": "verified", "sourceValue": 4553.72, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/dilutedShares", "value": 4553.72, "status": "verified", "sourceValue": 4553.72, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 23: Change in other assets; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/otherAssetsCashOutflow", "value": 26.919, "status": "verified", "sourceValue": 26.919, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/otherAssetsCashOutflow", "value": 26.919, "status": "verified", "sourceValue": 26.919, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 10, row 14: Paid memberships at end of period; column 3 in numeric sequence", "period": "2021", "currency": "not applicable", "units": "million paid memberships", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/paidMembershipsYearEnd", "value": 221.844, "status": "verified", "sourceValue": 221.844, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million paid memberships", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 10, row 15: Average paying memberships; column 3 in numeric sequence", "period": "2021", "currency": "not applicable", "units": "million paid memberships", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/averagePaidMemberships", "value": 210.784, "status": "verified", "sourceValue": 210.784, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million paid memberships", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 10, row 16: Average monthly revenue per paying membership; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD per paid membership per month", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/averageMonthlyRevenuePerMembership", "value": 11.67, "status": "verified", "sourceValue": 11.67, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per paid membership per month", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "2021", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/0/contentCashSpending", "value": 17469.304, "status": "calculated", "sourceValue": 17469.304, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/0/freeCashFlow", "value": -158.894, "status": "calculated", "sourceValue": -158.89400000000003, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/0/operatingMargin", "value": 20.858446828665407, "status": "calculated", "sourceValue": 20.858446828665407, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/0/marketingPctRevenue", "value": 8.57013727999918, "status": "calculated", "sourceValue": 8.570137279999182, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/0/technologyPctRevenue", "value": 7.656734273370148, "status": "calculated", "sourceValue": 7.656734273370149, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/0/fcfMargin", "value": -0.5350354726087188, "status": "calculated", "sourceValue": -0.5350354726087188, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/0/contentCashSpendingPctRevenue", "value": 58.82347553579983, "status": "calculated", "sourceValue": 58.823475535799844, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/0/cashToAmortisation", "value": 1.428354848223279, "status": "calculated", "sourceValue": 1.428354848223279, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/0/freeCashFlowPerDilutedShare", "value": -0.03489323015029471, "status": "calculated", "sourceValue": -0.03489323015029471, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/companyFcf", "value": -158.894, "status": "calculated", "sourceValue": -158.89400000000003, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/0/metrics/1/value", "value": 20.858447, "status": "calculated", "sourceValue": 20.858446828665407, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/0/metrics/2/value", "value": 17469.304, "status": "calculated", "sourceValue": 17469.304, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 3: Revenues; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/revenue", "value": 31615.55, "status": "verified", "sourceValue": 31615.55, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/revenue", "value": 31615.55, "status": "verified", "sourceValue": 31615.55, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/1/metrics/0/value", "value": 31615.55, "status": "verified", "sourceValue": 31615.55, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 8: Operating income; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/operatingIncome", "value": 5632.831, "status": "verified", "sourceValue": 5632.831, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/operatingIncome", "value": 5632.831, "status": "verified", "sourceValue": 5632.831, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 20: Net cash provided by operating activities; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/operatingCashFlow", "value": 2026.257, "status": "verified", "sourceValue": 2026.257, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/ocf", "value": 2026.257, "status": "verified", "sourceValue": 2026.257, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 22: Purchases of property and equipment; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/propertyEquipmentPurchases", "value": 407.729, "status": "verified", "sourceValue": 407.729, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/capex", "value": 407.729, "status": "verified", "sourceValue": 407.729, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 6: Additions to content assets; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/contentAdditions", "value": 16839.038, "status": "verified", "sourceValue": 16839.038, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 7: Change in content liabilities; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/contentLiabilityChange", "value": 179.31, "status": "verified", "sourceValue": 179.31, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 8: Amortization of content assets; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/contentAmortisation", "value": 14026.132, "status": "verified", "sourceValue": 14026.132, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/1/metrics/3/value", "value": 14026.132, "status": "verified", "sourceValue": 14026.132, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 5: Marketing; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/marketing", "value": 2530.502, "status": "verified", "sourceValue": 2530.502, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 6: Technology and development; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/technologyDevelopment", "value": 2711.041, "status": "verified", "sourceValue": 2711.041, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 21: Diluted; column 2 in numeric sequence", "period": "2022", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/dilutedShares", "value": 4512.9, "status": "verified", "sourceValue": 4512.900000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/dilutedShares", "value": 4512.9, "status": "verified", "sourceValue": 4512.900000000001, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 23: Change in other assets; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 10, row 14: Paid memberships at end of period; column 2 in numeric sequence", "period": "2022", "currency": "not applicable", "units": "million paid memberships", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/paidMembershipsYearEnd", "value": 230.747, "status": "verified", "sourceValue": 230.747, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million paid memberships", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 10, row 15: Average paying memberships; column 2 in numeric sequence", "period": "2022", "currency": "not applicable", "units": "million paid memberships", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/averagePaidMemberships", "value": 222.924, "status": "verified", "sourceValue": 222.924, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million paid memberships", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 10, row 16: Average monthly revenue per paying membership; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD per paid membership per month", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/averageMonthlyRevenuePerMembership", "value": 11.76, "status": "verified", "sourceValue": 11.76, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per paid membership per month", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "2022", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/1/contentCashSpending", "value": 16659.728, "status": "calculated", "sourceValue": 16659.728, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/freeCashFlow", "value": 1618.528, "status": "calculated", "sourceValue": 1618.528, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/operatingMargin", "value": 17.81664718785534, "status": "calculated", "sourceValue": 17.816647187855345, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/marketingPctRevenue", "value": 8.003979054610785, "status": "calculated", "sourceValue": 8.003979054610785, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/technologyPctRevenue", "value": 8.575023999266184, "status": "calculated", "sourceValue": 8.575023999266184, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/fcfMargin", "value": 5.119404849828644, "status": "calculated", "sourceValue": 5.119404849828644, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/contentCashSpendingPctRevenue", "value": 52.6947277526407, "status": "calculated", "sourceValue": 52.694727752640716, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/cashToAmortisation", "value": 1.187763525967102, "status": "calculated", "sourceValue": 1.187763525967102, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/freeCashFlowPerDilutedShare", "value": 0.3586447738704603, "status": "calculated", "sourceValue": 0.3586447738704603, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/revenueGrowth", "value": 6.45739131769969, "status": "calculated", "sourceValue": 6.45739131769969, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/operatingProfitGrowth", "value": -9.067353037988967, "status": "calculated", "sourceValue": -9.067353037988967, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/contentCashGrowth", "value": -4.634277358731643, "status": "calculated", "sourceValue": -4.634277358731643, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/membershipGrowth", "value": 4.01318043309713, "status": "calculated", "sourceValue": 4.01318043309713, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/1/incrementalMargin", "value": -29.289056821014295, "status": "calculated", "sourceValue": -29.28905682101429, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/companyFcf", "value": 1618.528, "status": "calculated", "sourceValue": 1618.528, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/1/metrics/1/value", "value": 17.816647, "status": "calculated", "sourceValue": 17.816647187855345, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/1/metrics/2/value", "value": 16659.728, "status": "calculated", "sourceValue": 16659.728, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 3: Revenues; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/revenue", "value": 33723.297, "status": "verified", "sourceValue": 33723.297, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/revenue", "value": 33723.297, "status": "verified", "sourceValue": 33723.297, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/earlierAnnual/revenue", "value": 33723.297, "status": "verified", "sourceValue": 33723.297, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/2/metrics/0/value", "value": 33723.297, "status": "verified", "sourceValue": 33723.297, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 8: Operating income; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/operatingIncome", "value": 6954.003, "status": "verified", "sourceValue": 6954.003, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/operatingIncome", "value": 6954.003, "status": "verified", "sourceValue": 6954.003, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 20: Net cash provided by operating activities; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/operatingCashFlow", "value": 7274.301, "status": "verified", "sourceValue": 7274.301, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/ocf", "value": 7274.301, "status": "verified", "sourceValue": 7274.301, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/earlierAnnual/ocf", "value": 7274.301, "status": "verified", "sourceValue": 7274.301, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 22: Purchases of property and equipment; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/propertyEquipmentPurchases", "value": 348.552, "status": "verified", "sourceValue": 348.552, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/capex", "value": 348.552, "status": "verified", "sourceValue": 348.552, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/earlierAnnual/capex", "value": 348.552, "status": "verified", "sourceValue": 348.552, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 6: Additions to content assets; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/contentAdditions", "value": 12554.703, "status": "verified", "sourceValue": 12554.703, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 7: Change in content liabilities; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/contentLiabilityChange", "value": -585.602, "status": "verified", "sourceValue": -585.602, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 8: Amortization of content assets; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/contentAmortisation", "value": 14197.437, "status": "verified", "sourceValue": 14197.437, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/2/metrics/3/value", "value": 14197.437, "status": "verified", "sourceValue": 14197.437, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 5: Sales and marketing; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/marketing", "value": 2657.883, "status": "verified", "sourceValue": 2657.8830000000003, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 6: Technology and development; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/technologyDevelopment", "value": 2675.758, "status": "verified", "sourceValue": 2675.7580000000003, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 21: Diluted; column 3 in numeric sequence", "period": "2023", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/dilutedShares", "value": 4494.966, "status": "verified", "sourceValue": 4494.966, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/dilutedShares", "value": 4494.966, "status": "verified", "sourceValue": 4494.966, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/earlierAnnual/dilutedShares", "value": 4494.966, "status": "verified", "sourceValue": 4494.966, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 23: Change in other assets; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 10, row 14: Paid memberships at end of period; column 1 in numeric sequence", "period": "2023", "currency": "not applicable", "units": "million paid memberships", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/paidMembershipsYearEnd", "value": 260.276, "status": "verified", "sourceValue": 260.276, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million paid memberships", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 10, row 15: Average paying memberships; column 1 in numeric sequence", "period": "2023", "currency": "not applicable", "units": "million paid memberships", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/averagePaidMemberships", "value": 240.889, "status": "verified", "sourceValue": 240.889, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million paid memberships", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 10, row 16: Average monthly revenue per paying membership; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD per paid membership per month", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/averageMonthlyRevenuePerMembership", "value": 11.64, "status": "verified", "sourceValue": 11.64, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per paid membership per month", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "2023", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/2/contentCashSpending", "value": 13140.305, "status": "calculated", "sourceValue": 13140.305, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/freeCashFlow", "value": 6925.749, "status": "calculated", "sourceValue": 6925.749000000001, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/operatingMargin", "value": 20.620768485358948, "status": "calculated", "sourceValue": 20.620768485358948, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/marketingPctRevenue", "value": 7.881444687925976, "status": "calculated", "sourceValue": 7.881444687925976, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/technologyPctRevenue", "value": 7.934449588366167, "status": "calculated", "sourceValue": 7.934449588366167, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/fcfMargin", "value": 20.53698664160862, "status": "calculated", "sourceValue": 20.53698664160862, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/contentCashSpendingPctRevenue", "value": 38.96506619741243, "status": "calculated", "sourceValue": 38.96506619741243, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/cashToAmortisation", "value": 0.9255406451178477, "status": "calculated", "sourceValue": 0.9255406451178477, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/freeCashFlowPerDilutedShare", "value": 1.5407789513869516, "status": "calculated", "sourceValue": 1.5407789513869516, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/revenueGrowth", "value": 6.66680478435453, "status": "calculated", "sourceValue": 6.66680478435453, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/operatingProfitGrowth", "value": 23.45484890279861, "status": "calculated", "sourceValue": 23.45484890279861, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/contentCashGrowth", "value": -21.12533289859234, "status": "calculated", "sourceValue": -21.12533289859234, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/membershipGrowth", "value": 12.797132790458821, "status": "calculated", "sourceValue": 12.797132790458821, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/2/incrementalMargin", "value": 62.681716543778734, "status": "calculated", "sourceValue": 62.681716543778734, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/companyFcf", "value": 6925.749, "status": "calculated", "sourceValue": 6925.749000000001, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/2/metrics/1/value", "value": 20.620768, "status": "calculated", "sourceValue": 20.620768485358948, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/2/metrics/2/value", "value": 13140.305, "status": "calculated", "sourceValue": 13140.305, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 3: Revenues; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/revenue", "value": 39000.966, "status": "verified", "sourceValue": 39000.966, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@NFLX/priorRevenue", "value": 39000.966, "status": "verified", "sourceValue": 39000.966, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/revenue", "value": 39000.966, "status": "verified", "sourceValue": 39000.966, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/revenue", "value": 39000.966, "status": "verified", "sourceValue": 39000.966, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/3/metrics/0/value", "value": 39000.966, "status": "verified", "sourceValue": 39000.966, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 8: Operating income; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/operatingIncome", "value": 10417.614, "status": "verified", "sourceValue": 10417.614, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/operatingIncome", "value": 10417.614, "status": "verified", "sourceValue": 10417.614, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 20: Net cash provided by operating activities; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/operatingCashFlow", "value": 7361.364, "status": "verified", "sourceValue": 7361.3640000000005, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@NFLX/priorOcf", "value": 7361.364, "status": "verified", "sourceValue": 7361.3640000000005, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/ocf", "value": 7361.364, "status": "verified", "sourceValue": 7361.3640000000005, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/ocf", "value": 7361.364, "status": "verified", "sourceValue": 7361.3640000000005, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 22: Purchases of property and equipment; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/propertyEquipmentPurchases", "value": 439.538, "status": "verified", "sourceValue": 439.538, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@NFLX/priorCapex", "value": 439.538, "status": "verified", "sourceValue": 439.538, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/capex", "value": 439.538, "status": "verified", "sourceValue": 439.538, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/capex", "value": 439.538, "status": "verified", "sourceValue": 439.538, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 6: Additions to content assets; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/contentAdditions", "value": 16223.617, "status": "verified", "sourceValue": 16223.617, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 7: Change in content liabilities; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/contentLiabilityChange", "value": -779.135, "status": "verified", "sourceValue": -779.135, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 8: Amortization of content assets; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/contentAmortisation", "value": 15301.517, "status": "verified", "sourceValue": 15301.517, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/3/metrics/3/value", "value": 15301.517, "status": "verified", "sourceValue": 15301.517, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 5: Sales and marketing; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/marketing", "value": 2917.554, "status": "verified", "sourceValue": 2917.554, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 6: Technology and development; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/technologyDevelopment", "value": 2925.295, "status": "verified", "sourceValue": 2925.295, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 21: Diluted; column 2 in numeric sequence", "period": "2024", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/dilutedShares", "value": 4392.608, "status": "verified", "sourceValue": 4392.608, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/dilutedShares", "value": 4392.608, "status": "verified", "sourceValue": 4392.608, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/dilutedShares", "value": 4392.608, "status": "verified", "sourceValue": 4392.608, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Cash-flow/FCF reconciliation; no change-in-other-assets deduction", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "FCF reconciliation", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000044/nflx-20241231.htm", "locator": "Table 10, row 14: Paid memberships at end of period (2); column 1 in numeric sequence", "period": "2024", "currency": "not applicable", "units": "million paid memberships", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/paidMembershipsYearEnd", "value": 301.626, "status": "verified", "sourceValue": 301.62600000000003, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million paid memberships", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000044/nflx-20241231.htm", "locator": "Table 10, row 15: Average paying memberships; column 1 in numeric sequence", "period": "2024", "currency": "not applicable", "units": "million paid memberships", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/averagePaidMemberships", "value": 277.73, "status": "verified", "sourceValue": 277.73, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million paid memberships", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000044/nflx-20241231.htm", "locator": "Table 10, row 16: Average monthly revenue per paying membership; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD per paid membership per month", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/averageMonthlyRevenuePerMembership", "value": 11.7, "status": "verified", "sourceValue": 11.7, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per paid membership per month", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "2024", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/3/contentCashSpending", "value": 17002.752, "status": "calculated", "sourceValue": 17002.752, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/freeCashFlow", "value": 6921.826, "status": "calculated", "sourceValue": 6921.825999999999, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/operatingMargin", "value": 26.711169154117872, "status": "calculated", "sourceValue": 26.711169154117876, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/marketingPctRevenue", "value": 7.480722400568233, "status": "calculated", "sourceValue": 7.480722400568232, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/technologyPctRevenue", "value": 7.500570626891652, "status": "calculated", "sourceValue": 7.500570626891652, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/fcfMargin", "value": 17.747832194720505, "status": "calculated", "sourceValue": 17.74783219472051, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/contentCashSpendingPctRevenue", "value": 43.59572016754662, "status": "calculated", "sourceValue": 43.59572016754662, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/cashToAmortisation", "value": 1.1111808064520663, "status": "calculated", "sourceValue": 1.1111808064520663, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/freeCashFlowPerDilutedShare", "value": 1.5757895992540192, "status": "calculated", "sourceValue": 1.5757895992540192, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/revenueGrowth", "value": 15.649919994477424, "status": "calculated", "sourceValue": 15.649919994477424, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/operatingProfitGrowth", "value": 49.80744184320886, "status": "calculated", "sourceValue": 49.80744184320886, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/contentCashGrowth", "value": 29.39389154209129, "status": "calculated", "sourceValue": 29.39389154209129, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/membershipGrowth", "value": 15.886981511933463, "status": "calculated", "sourceValue": 15.886981511933463, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/3/incrementalMargin", "value": 65.62766630495392, "status": "calculated", "sourceValue": 65.62766630495392, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/companyFcf", "value": 6921.826, "status": "calculated", "sourceValue": 6921.825999999999, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/3/metrics/1/value", "value": 26.711169, "status": "calculated", "sourceValue": 26.711169154117876, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/3/metrics/2/value", "value": 17002.752, "status": "calculated", "sourceValue": 17002.752, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 3: Revenues; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/revenue", "value": 45183.036, "status": "verified", "sourceValue": 45183.036, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@NFLX/revenue", "value": 45183.036, "status": "verified", "sourceValue": 45183.036, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/revenue", "value": 45183.036, "status": "verified", "sourceValue": 45183.036, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/revenue", "value": 45183.036, "status": "verified", "sourceValue": 45183.036, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/4/metrics/0/value", "value": 45183.036, "status": "verified", "sourceValue": 45183.036, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 8: Operating income; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/operatingIncome", "value": 13326.603, "status": "verified", "sourceValue": 13326.603000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@NFLX/operatingIncome", "value": 13326.603, "status": "verified", "sourceValue": 13326.603000000001, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/operatingIncome", "value": 13326.603, "status": "verified", "sourceValue": 13326.603000000001, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/operatingIncome", "value": 13326.603, "status": "verified", "sourceValue": 13326.603000000001, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 20: Net cash provided by operating activities; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/operatingCashFlow", "value": 10149.273, "status": "verified", "sourceValue": 10149.273000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@NFLX/ocf", "value": 10149.273, "status": "verified", "sourceValue": 10149.273000000001, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/ocf", "value": 10149.273, "status": "verified", "sourceValue": 10149.273000000001, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/ocf", "value": 10149.273, "status": "verified", "sourceValue": 10149.273000000001, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 22: Purchases of property and equipment; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/propertyEquipmentPurchases", "value": 688.22, "status": "verified", "sourceValue": 688.22, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@NFLX/capex", "value": 688.22, "status": "verified", "sourceValue": 688.22, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/capex", "value": 688.22, "status": "verified", "sourceValue": 688.22, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/capex", "value": 688.22, "status": "verified", "sourceValue": 688.22, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 6: Additions to content assets; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/contentAdditions", "value": 17096.617, "status": "verified", "sourceValue": 17096.617000000002, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 7: Change in content liabilities; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/contentLiabilityChange", "value": -610.838, "status": "verified", "sourceValue": -610.838, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 8: Amortization of content assets; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/contentAmortisation", "value": 16422.166, "status": "verified", "sourceValue": 16422.166, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/4/metrics/3/value", "value": 16422.166, "status": "verified", "sourceValue": 16422.166, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 5: Sales and marketing; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/marketing", "value": 3301.306, "status": "verified", "sourceValue": 3301.306, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 6: Technology and development; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/technologyDevelopment", "value": 3391.39, "status": "verified", "sourceValue": 3391.39, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 21: Diluted; column 1 in numeric sequence", "period": "2025", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/dilutedShares", "value": 4343.863, "status": "verified", "sourceValue": 4343.863, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/dilutedShares", "value": 4343.863, "status": "verified", "sourceValue": 4343.863, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/dilutedShares", "value": 4343.863, "status": "verified", "sourceValue": 4343.863, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Cash-flow/FCF reconciliation; no change-in-other-assets deduction", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "FCF reconciliation", "statementStatus": "final audited annual statements", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "2025", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/contentCashSpending", "value": 17707.454999999998, "status": "calculated", "sourceValue": 17707.454999999998, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/freeCashFlow", "value": 9461.053, "status": "calculated", "sourceValue": 9461.053, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/operatingMargin", "value": 29.49470460550725, "status": "calculated", "sourceValue": 29.49470460550725, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/marketingPctRevenue", "value": 7.306516543067181, "status": "calculated", "sourceValue": 7.306516543067182, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/technologyPctRevenue", "value": 7.505892255668698, "status": "calculated", "sourceValue": 7.505892255668697, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/fcfMargin", "value": 20.939391943471882, "status": "calculated", "sourceValue": 20.939391943471882, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/contentCashSpendingPctRevenue", "value": 39.190493972118205, "status": "calculated", "sourceValue": 39.190493972118205, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/cashToAmortisation", "value": 1.0782654979860755, "status": "calculated", "sourceValue": 1.0782654979860755, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/freeCashFlowPerDilutedShare", "value": 2.1780274838317872, "status": "calculated", "sourceValue": 2.1780274838317872, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/revenueGrowth", "value": 15.851068919677536, "status": "calculated", "sourceValue": 15.851068919677536, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/operatingProfitGrowth", "value": 27.923754902034183, "status": "calculated", "sourceValue": 27.923754902034183, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/contentCashGrowth", "value": 4.144640820497747, "status": "calculated", "sourceValue": 4.144640820497747, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/annual/4/incrementalMargin", "value": 47.055258190217835, "status": "calculated", "sourceValue": 47.055258190217835, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/companyFcf", "value": 9461.053, "status": "calculated", "sourceValue": 9461.053, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/4/metrics/1/value", "value": 29.494705, "status": "calculated", "sourceValue": 29.49470460550725, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/4/metrics/2/value", "value": 17707.455, "status": "calculated", "sourceValue": 17707.454999999998, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 3: Revenues; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/revenue", "value": 21621.967, "status": "verified", "sourceValue": 21621.967, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 8: Operating income; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/operatingIncome", "value": 7121.693, "status": "verified", "sourceValue": 7121.693, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 20: Net cash provided by operating activities; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/operatingCashFlow", "value": 5212.457, "status": "verified", "sourceValue": 5212.457, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 22: Purchases of property and equipment; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/propertyEquipmentPurchases", "value": 284.166, "status": "verified", "sourceValue": 284.166, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 6: Additions to content assets; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/contentAdditions", "value": 7385.47, "status": "verified", "sourceValue": 7385.47, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 7: Change in content liabilities; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/contentLiabilityChange", "value": -625.305, "status": "verified", "sourceValue": -625.3050000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 8: Amortization of content assets; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/contentAmortisation", "value": 7655.186, "status": "verified", "sourceValue": 7655.186000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 5: Sales and marketing; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/marketing", "value": 1401.635, "status": "verified", "sourceValue": 1401.635, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 6: Technology and development; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/technologyDevelopment", "value": 1647.506, "status": "verified", "sourceValue": 1647.506, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 21: Diluted; column 4 in numeric sequence", "period": "H1 2025", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/dilutedShares", "value": 4359.167, "status": "verified", "sourceValue": 4359.167, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Cash-flow/FCF reconciliation; no change-in-other-assets deduction", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "FCF reconciliation", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "H1 2025", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/contentCashSpending", "value": 8010.775000000001, "status": "calculated", "sourceValue": 8010.775000000001, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/freeCashFlow", "value": 4928.291, "status": "calculated", "sourceValue": 4928.291, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/operatingMargin", "value": 32.93730399274035, "status": "calculated", "sourceValue": 32.93730399274035, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/marketingPctRevenue", "value": 6.482458325831318, "status": "calculated", "sourceValue": 6.482458325831318, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/technologyPctRevenue", "value": 7.619593536517746, "status": "calculated", "sourceValue": 7.619593536517747, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/fcfMargin", "value": 22.792981785607203, "status": "calculated", "sourceValue": 22.792981785607203, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/contentCashSpendingPctRevenue", "value": 37.049242559661664, "status": "calculated", "sourceValue": 37.049242559661664, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/cashToAmortisation", "value": 1.0464507328757264, "status": "calculated", "sourceValue": 1.0464507328757264, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/freeCashFlowPerDilutedShare", "value": 1.1305579712821279, "status": "calculated", "sourceValue": 1.1305579712821279, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 3: Revenues; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/revenue", "value": 24809.695, "status": "verified", "sourceValue": 24809.695, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 8: Operating income; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/operatingIncome", "value": 8149.607, "status": "verified", "sourceValue": 8149.607, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 20: Net cash provided by operating activities; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/operatingCashFlow", "value": 7034.017, "status": "verified", "sourceValue": 7034.017, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 22: Purchases of property and equipment; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/propertyEquipmentPurchases", "value": 414.774, "status": "verified", "sourceValue": 414.774, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 6: Additions to content assets; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/contentAdditions", "value": 9774.44, "status": "verified", "sourceValue": 9774.44, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 7: Change in content liabilities; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/contentLiabilityChange", "value": -136.578, "status": "verified", "sourceValue": -136.578, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 8: Amortization of content assets; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/contentAmortisation", "value": 8529.209, "status": "verified", "sourceValue": 8529.209, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 5: Sales and marketing; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/marketing", "value": 1666.055, "status": "verified", "sourceValue": 1666.055, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 6: Technology and development; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/technologyDevelopment", "value": 1967.371, "status": "verified", "sourceValue": 1967.371, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 21: Diluted; column 3 in numeric sequence", "period": "H1 2026", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/dilutedShares", "value": 4279.776, "status": "verified", "sourceValue": 4279.776, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Cash-flow/FCF reconciliation; no change-in-other-assets deduction", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "FCF reconciliation", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "H1 2026", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/contentCashSpending", "value": 9911.018, "status": "calculated", "sourceValue": 9911.018, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/freeCashFlow", "value": 6619.243, "status": "calculated", "sourceValue": 6619.2429999999995, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/operatingMargin", "value": 32.848477177974175, "status": "calculated", "sourceValue": 32.848477177974175, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/marketingPctRevenue", "value": 6.715338499727626, "status": "calculated", "sourceValue": 6.715338499727627, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/technologyPctRevenue", "value": 7.9298475857925705, "status": "calculated", "sourceValue": 7.9298475857925705, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/fcfMargin", "value": 26.680065998392966, "status": "calculated", "sourceValue": 26.680065998392966, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/contentCashSpendingPctRevenue", "value": 39.948165424847026, "status": "calculated", "sourceValue": 39.94816542484702, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/cashToAmortisation", "value": 1.162009044449491, "status": "calculated", "sourceValue": 1.162009044449491, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/freeCashFlowPerDilutedShare", "value": 1.5466330480847594, "status": "calculated", "sourceValue": 1.5466330480847594, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/revenueGrowth", "value": 14.743006498899923, "status": "calculated", "sourceValue": 14.743006498899923, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/operatingProfitGrowth", "value": 14.433562356591324, "status": "calculated", "sourceValue": 14.433562356591324, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/contentCashGrowth", "value": 23.721088159385317, "status": "calculated", "sourceValue": 23.721088159385317, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/incrementalMargin", "value": 32.24597581725919, "status": "calculated", "sourceValue": 32.24597581725919, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 3: Revenues; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/revenue", "value": 11079.166, "status": "verified", "sourceValue": 11079.166000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 8: Operating income; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/operatingIncome", "value": 3774.694, "status": "verified", "sourceValue": 3774.694, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 20: Net cash provided by operating activities; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/operatingCashFlow", "value": 2423.258, "status": "verified", "sourceValue": 2423.2580000000003, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 22: Purchases of property and equipment; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/propertyEquipmentPurchases", "value": 155.889, "status": "verified", "sourceValue": 155.889, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 6: Additions to content assets; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/contentAdditions", "value": 3835.813, "status": "verified", "sourceValue": 3835.813, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 7: Change in content liabilities; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/contentLiabilityChange", "value": -214.052, "status": "verified", "sourceValue": -214.052, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 8: Amortization of content assets; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/contentAmortisation", "value": 3832.074, "status": "verified", "sourceValue": 3832.074, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 5: Sales and marketing; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/marketing", "value": 713.265, "status": "verified", "sourceValue": 713.265, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 6: Technology and development; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/technologyDevelopment", "value": 824.683, "status": "verified", "sourceValue": 824.683, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 21: Diluted; column 2 in numeric sequence", "period": "Q2 2025", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/dilutedShares", "value": 4348.825, "status": "verified", "sourceValue": 4348.825, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Cash-flow/FCF reconciliation; no change-in-other-assets deduction", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "FCF reconciliation", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "Q2 2025", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/contentCashSpending", "value": 4049.8650000000002, "status": "calculated", "sourceValue": 4049.8650000000002, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/freeCashFlow", "value": 2267.369, "status": "calculated", "sourceValue": 2267.3689999999997, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/operatingMargin", "value": 34.0701998688349, "status": "calculated", "sourceValue": 34.07019986883489, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/marketingPctRevenue", "value": 6.437894332479539, "status": "calculated", "sourceValue": 6.437894332479539, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/technologyPctRevenue", "value": 7.443547646095384, "status": "calculated", "sourceValue": 7.443547646095383, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/fcfMargin", "value": 20.465159561649315, "status": "calculated", "sourceValue": 20.465159561649315, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/contentCashSpendingPctRevenue", "value": 36.55387959707437, "status": "calculated", "sourceValue": 36.55387959707437, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/cashToAmortisation", "value": 1.056833714589019, "status": "calculated", "sourceValue": 1.056833714589019, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/freeCashFlowPerDilutedShare", "value": 0.5213750840744339, "status": "calculated", "sourceValue": 0.5213750840744339, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 3: Revenues; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/revenue", "value": 11510.307, "status": "verified", "sourceValue": 11510.307, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/latestMetrics/0/prior", "value": 11510.307, "status": "verified", "sourceValue": 11510.307, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 8: Operating income; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/operatingIncome", "value": 3248.247, "status": "verified", "sourceValue": 3248.247, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 20: Net cash provided by operating activities; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/operatingCashFlow", "value": 2825.174, "status": "verified", "sourceValue": 2825.174, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 22: Purchases of property and equipment; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/propertyEquipmentPurchases", "value": 164.719, "status": "verified", "sourceValue": 164.719, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 6: Additions to content assets; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/contentAdditions", "value": 4653.935, "status": "verified", "sourceValue": 4653.935, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 7: Change in content liabilities; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/contentLiabilityChange", "value": 24.262, "status": "verified", "sourceValue": 24.262, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 8: Amortization of content assets; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/contentAmortisation", "value": 4002.744, "status": "verified", "sourceValue": 4002.744, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 5: Sales and marketing; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/marketing", "value": 786.295, "status": "verified", "sourceValue": 786.2950000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 6: Technology and development; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/technologyDevelopment", "value": 853.584, "status": "verified", "sourceValue": 853.5840000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 20: Diluted; column 3 in numeric sequence", "period": "Q3 2025", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/dilutedShares", "value": 4340.392, "status": "verified", "sourceValue": 4340.392, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Cash-flow/FCF reconciliation; no change-in-other-assets deduction", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "FCF reconciliation", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "Q3 2025", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/contentCashSpending", "value": 4629.673000000001, "status": "calculated", "sourceValue": 4629.673000000001, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/freeCashFlow", "value": 2660.455, "status": "calculated", "sourceValue": 2660.455, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/operatingMargin", "value": 28.220333306487827, "status": "calculated", "sourceValue": 28.220333306487827, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/marketingPctRevenue", "value": 6.831225266189685, "status": "calculated", "sourceValue": 6.831225266189684, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/technologyPctRevenue", "value": 7.415823053199189, "status": "calculated", "sourceValue": 7.415823053199189, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/fcfMargin", "value": 23.11367542151569, "status": "calculated", "sourceValue": 23.11367542151569, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/contentCashSpendingPctRevenue", "value": 40.22197670314093, "status": "calculated", "sourceValue": 40.22197670314094, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/cashToAmortisation", "value": 1.156624805383507, "status": "calculated", "sourceValue": 1.156624805383507, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/freeCashFlowPerDilutedShare", "value": 0.6129527010463571, "status": "calculated", "sourceValue": 0.6129527010463571, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/latestMetrics/1/prior", "value": 28.220333306487827, "status": "calculated", "sourceValue": 28.220333306487827, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 3: Revenues; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/revenue", "value": 12559.938, "status": "verified", "sourceValue": 12559.938, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 8: Operating income; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/operatingIncome", "value": 4192.61, "status": "verified", "sourceValue": 4192.61, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 20: Net cash provided by operating activities; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/operatingCashFlow", "value": 1743.812, "status": "verified", "sourceValue": 1743.8120000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 22: Purchases of property and equipment; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/propertyEquipmentPurchases", "value": 218.644, "status": "verified", "sourceValue": 218.644, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 6: Additions to content assets; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/contentAdditions", "value": 4927.523, "status": "verified", "sourceValue": 4927.523, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 7: Change in content liabilities; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/contentLiabilityChange", "value": -181.794, "status": "verified", "sourceValue": -181.794, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 11, row 8: Amortization of content assets; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/contentAmortisation", "value": 4311.309, "status": "verified", "sourceValue": 4311.309, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 5: Sales and marketing; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/marketing", "value": 823.838, "status": "verified", "sourceValue": 823.838, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 6: Technology and development; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/technologyDevelopment", "value": 1007.675, "status": "verified", "sourceValue": 1007.6750000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Table 9, row 21: Diluted; column 1 in numeric sequence", "period": "Q2 2026", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/dilutedShares", "value": 4261.3, "status": "verified", "sourceValue": 4261.3, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Cash-flow/FCF reconciliation; no change-in-other-assets deduction", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "FCF reconciliation", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "Q2 2026", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/contentCashSpending", "value": 5109.317, "status": "calculated", "sourceValue": 5109.317, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/freeCashFlow", "value": 1525.168, "status": "calculated", "sourceValue": 1525.168, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/operatingMargin", "value": 33.38081764416353, "status": "calculated", "sourceValue": 33.38081764416353, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/marketingPctRevenue", "value": 6.55925212369679, "status": "calculated", "sourceValue": 6.559252123696789, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/technologyPctRevenue", "value": 8.022929731022558, "status": "calculated", "sourceValue": 8.022929731022558, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/fcfMargin", "value": 12.143117266980138, "status": "calculated", "sourceValue": 12.143117266980138, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/contentCashSpendingPctRevenue", "value": 40.679476284038984, "status": "calculated", "sourceValue": 40.67947628403898, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/cashToAmortisation", "value": 1.1850964521448126, "status": "calculated", "sourceValue": 1.1850964521448126, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/freeCashFlowPerDilutedShare", "value": 0.3579114354774364, "status": "calculated", "sourceValue": 0.3579114354774364, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/revenueGrowth", "value": 13.365374252899542, "status": "calculated", "sourceValue": 13.365374252899542, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/operatingProfitGrowth", "value": 11.071519969565745, "status": "calculated", "sourceValue": 11.071519969565745, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/contentCashGrowth", "value": 26.1601806479969, "status": "calculated", "sourceValue": 26.1601806479969, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/incrementalMargin", "value": 28.22284592091149, "status": "calculated", "sourceValue": 28.22284592091149, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 3: Revenues; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/revenue", "value": 12874.176, "status": "verified", "sourceValue": 12874.176, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/latestMetrics/0/value", "value": 12874.176, "status": "verified", "sourceValue": 12874.176, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 8: Operating income; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/operatingIncome", "value": 4458.6, "status": "verified", "sourceValue": 4458.6, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 20: Net cash provided by operating activities; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/operatingCashFlow", "value": 3162.279, "status": "verified", "sourceValue": 3162.279, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 22: Purchases of property and equipment; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/propertyEquipmentPurchases", "value": 278.766, "status": "verified", "sourceValue": 278.766, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 6: Additions to content assets; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/contentAdditions", "value": 5159.79, "status": "verified", "sourceValue": 5159.79, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 7: Change in content liabilities; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/contentLiabilityChange", "value": 93.508, "status": "verified", "sourceValue": 93.508, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 8: Amortization of content assets; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/contentAmortisation", "value": 4235.454, "status": "verified", "sourceValue": 4235.454, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 5: Sales and marketing; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/marketing", "value": 837.051, "status": "verified", "sourceValue": 837.051, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 6: Technology and development; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/technologyDevelopment", "value": 1033.142, "status": "verified", "sourceValue": 1033.142, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 20: Diluted; column 1 in numeric sequence", "period": "Q3 2026", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/dilutedShares", "value": 4195.127, "status": "verified", "sourceValue": 4195.127, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Cash-flow/FCF reconciliation; no change-in-other-assets deduction", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "FCF reconciliation", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "Q3 2026", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/contentCashSpending", "value": 5066.282, "status": "calculated", "sourceValue": 5066.282, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/freeCashFlow", "value": 2883.513, "status": "calculated", "sourceValue": 2883.513, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/operatingMargin", "value": 34.63211936826093, "status": "calculated", "sourceValue": 34.63211936826093, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/marketingPctRevenue", "value": 6.501783104409945, "status": "calculated", "sourceValue": 6.501783104409944, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/technologyPctRevenue", "value": 8.024917478213753, "status": "calculated", "sourceValue": 8.024917478213752, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/fcfMargin", "value": 22.39765092538738, "status": "calculated", "sourceValue": 22.39765092538738, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/contentCashSpendingPctRevenue", "value": 39.3522816528219, "status": "calculated", "sourceValue": 39.3522816528219, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/cashToAmortisation", "value": 1.196160317170249, "status": "calculated", "sourceValue": 1.196160317170249, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/freeCashFlowPerDilutedShare", "value": 0.6873482018541989, "status": "calculated", "sourceValue": 0.6873482018541989, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/revenueGrowth", "value": 11.84911054066584, "status": "calculated", "sourceValue": 11.84911054066584, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/operatingProfitGrowth", "value": 37.26172917268917, "status": "calculated", "sourceValue": 37.26172917268917, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/contentCashGrowth", "value": 9.430666053520387, "status": "calculated", "sourceValue": 9.430666053520387, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/incrementalMargin", "value": 88.74408025990778, "status": "calculated", "sourceValue": 88.74408025990778, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/latestMetrics/1/value", "value": 34.63211936826093, "status": "calculated", "sourceValue": 34.63211936826093, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 3: Revenues; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/revenue", "value": 33132.274, "status": "verified", "sourceValue": 33132.274, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/revenue", "value": 33132.274, "status": "verified", "sourceValue": 33132.274, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 8: Operating income; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/operatingIncome", "value": 10369.94, "status": "verified", "sourceValue": 10369.94, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/operatingIncome", "value": 10369.94, "status": "verified", "sourceValue": 10369.94, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 20: Net cash provided by operating activities; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/operatingCashFlow", "value": 8037.631, "status": "verified", "sourceValue": 8037.631, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/ocf", "value": 8037.631, "status": "verified", "sourceValue": 8037.631, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 22: Purchases of property and equipment; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/propertyEquipmentPurchases", "value": 448.885, "status": "verified", "sourceValue": 448.885, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/capex", "value": 448.885, "status": "verified", "sourceValue": 448.885, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 6: Additions to content assets; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/contentAdditions", "value": 12039.405, "status": "verified", "sourceValue": 12039.405, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/contentAdditions", "value": 12039.405, "status": "verified", "sourceValue": 12039.405, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 7: Change in content liabilities; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/contentLiabilityChange", "value": -601.043, "status": "verified", "sourceValue": -601.043, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 8: Amortization of content assets; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/contentAmortisation", "value": 11657.93, "status": "verified", "sourceValue": 11657.93, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/contentAmortisation", "value": 11657.93, "status": "verified", "sourceValue": 11657.93, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/latestMetrics/3/prior", "value": 11657.93, "status": "verified", "sourceValue": 11657.93, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 5: Sales and marketing; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/marketing", "value": 2187.93, "status": "verified", "sourceValue": 2187.93, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 6: Technology and development; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/technologyDevelopment", "value": 2501.09, "status": "verified", "sourceValue": 2501.09, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 20: Diluted; column 5 in numeric sequence", "period": "9M 2025", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/dilutedShares", "value": 4352.844, "status": "verified", "sourceValue": 4352.844, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/dilutedShares", "value": 4352.844, "status": "verified", "sourceValue": 4352.844, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 14: Net income; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/netIncome", "value": 8562.68, "status": "verified", "sourceValue": 8562.68, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/netIncome", "value": 8562.68, "status": "verified", "sourceValue": 8562.68, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 10: Stock-based compensation expense; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/sbc", "value": 233.825, "status": "verified", "sourceValue": 233.82500000000002, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/sbc", "value": 233.825, "status": "verified", "sourceValue": 233.82500000000002, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 17: Diluted; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/eps", "value": 1.97, "status": "verified", "sourceValue": 1.97, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/eps", "value": 1.97, "status": "verified", "sourceValue": 1.97, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Cash-flow/FCF reconciliation; no change-in-other-assets deduction", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "FCF reconciliation", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "9M 2025", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/contentCashSpending", "value": 12640.448, "status": "calculated", "sourceValue": 12640.448, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/freeCashFlow", "value": 7588.746, "status": "calculated", "sourceValue": 7588.746, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/operatingMargin", "value": 31.29860630755378, "status": "calculated", "sourceValue": 31.29860630755378, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/marketingPctRevenue", "value": 6.603621592650114, "status": "calculated", "sourceValue": 6.603621592650115, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/technologyPctRevenue", "value": 7.548802717253878, "status": "calculated", "sourceValue": 7.548802717253879, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/fcfMargin", "value": 22.90439225511657, "status": "calculated", "sourceValue": 22.90439225511657, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/contentCashSpendingPctRevenue", "value": 38.15146524503571, "status": "calculated", "sourceValue": 38.1514652450357, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/cashToAmortisation", "value": 1.0842789414587324, "status": "calculated", "sourceValue": 1.0842789414587324, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/freeCashFlowPerDilutedShare", "value": 1.7433994877831598, "status": "calculated", "sourceValue": 1.7433994877831598, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/fcf", "value": 7588.746, "status": "calculated", "sourceValue": 7588.746, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/latestMetrics/2/prior", "value": 12640.448, "status": "calculated", "sourceValue": 12640.448, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 3: Revenues; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/revenue", "value": 37683.871, "status": "verified", "sourceValue": 37683.871, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/revenue", "value": 37683.871, "status": "verified", "sourceValue": 37683.871, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 8: Operating income; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/operatingIncome", "value": 12608.207, "status": "verified", "sourceValue": 12608.207, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/operatingIncome", "value": 12608.207, "status": "verified", "sourceValue": 12608.207, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 20: Net cash provided by operating activities; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/operatingCashFlow", "value": 10196.296, "status": "verified", "sourceValue": 10196.296, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/ocf", "value": 10196.296, "status": "verified", "sourceValue": 10196.296, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 22: Purchases of property and equipment; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/propertyEquipmentPurchases", "value": 693.54, "status": "verified", "sourceValue": 693.54, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/capex", "value": 693.54, "status": "verified", "sourceValue": 693.54, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 6: Additions to content assets; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/contentAdditions", "value": 14934.23, "status": "verified", "sourceValue": 14934.23, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/contentAdditions", "value": 14934.23, "status": "verified", "sourceValue": 14934.23, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 7: Change in content liabilities; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/contentLiabilityChange", "value": -43.07, "status": "verified", "sourceValue": -43.07, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 8: Amortization of content assets; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/contentAmortisation", "value": 12764.663, "status": "verified", "sourceValue": 12764.663, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/contentAmortisation", "value": 12764.663, "status": "verified", "sourceValue": 12764.663, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/latestMetrics/3/value", "value": 12764.663, "status": "verified", "sourceValue": 12764.663, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 5: Sales and marketing; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/marketing", "value": 2503.106, "status": "verified", "sourceValue": 2503.106, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 6: Technology and development; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/technologyDevelopment", "value": 3000.513, "status": "verified", "sourceValue": 3000.513, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 20: Diluted; column 4 in numeric sequence", "period": "9M 2026", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/dilutedShares", "value": 4251.298, "status": "verified", "sourceValue": 4251.298, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/dilutedShares", "value": 4251.298, "status": "verified", "sourceValue": 4251.298, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 14: Net income; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/netIncome", "value": 12348.132, "status": "verified", "sourceValue": 12348.132, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/netIncome", "value": 12348.132, "status": "verified", "sourceValue": 12348.132, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 15, row 10: Stock-based compensation expense; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/sbc", "value": 405.44, "status": "verified", "sourceValue": 405.44, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/sbc", "value": 405.44, "status": "verified", "sourceValue": 405.44, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Table 11, row 17: Diluted; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/eps", "value": 2.9, "status": "verified", "sourceValue": 2.9, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/eps", "value": 2.9, "status": "verified", "sourceValue": 2.9, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Cash-flow/FCF reconciliation; no change-in-other-assets deduction", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "FCF reconciliation", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/otherAssetsCashOutflow", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Calculated from individually reconciled inputs; year-earlier matching period", "period": "9M 2026", "currency": "USD", "units": "metric-labelled USDm / percent / multiple / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/1/contentCashSpending", "value": 14977.3, "status": "calculated", "sourceValue": 14977.3, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/freeCashFlow", "value": 9502.756, "status": "calculated", "sourceValue": 9502.756000000001, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/operatingMargin", "value": 33.45783398950707, "status": "calculated", "sourceValue": 33.45783398950708, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/marketingPctRevenue", "value": 6.642380237423062, "status": "calculated", "sourceValue": 6.642380237423062, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/technologyPctRevenue", "value": 7.9623269063839, "status": "calculated", "sourceValue": 7.962326906383901, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/fcfMargin", "value": 25.217037814400758, "status": "calculated", "sourceValue": 25.21703781440076, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/contentCashSpendingPctRevenue", "value": 39.74458993344925, "status": "calculated", "sourceValue": 39.74458993344925, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/cashToAmortisation", "value": 1.1733408081357102, "status": "calculated", "sourceValue": 1.1733408081357102, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "times", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/freeCashFlowPerDilutedShare", "value": 2.2352599135605176, "status": "calculated", "sourceValue": 2.2352599135605176, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/revenueGrowth", "value": 13.737653503650261, "status": "calculated", "sourceValue": 13.737653503650261, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/operatingProfitGrowth", "value": 21.58418467223533, "status": "calculated", "sourceValue": 21.58418467223533, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/contentCashGrowth", "value": 18.487097925643138, "status": "calculated", "sourceValue": 18.487097925643138, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/incrementalMargin", "value": 49.17542128619909, "status": "calculated", "sourceValue": 49.17542128619909, "notes": "Content cash=positive additions minus signed liability movement; content is already deducted in OCF. FCF includes 2021 other-asset deduction.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/fcf", "value": 9502.756, "status": "calculated", "sourceValue": 9502.756000000001, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/latestMetrics/2/value", "value": 14977.3, "status": "calculated", "sourceValue": 14977.3, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 14: Net income; column 3 in numeric sequence", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/netIncome", "value": 5116.228, "status": "verified", "sourceValue": 5116.228, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 10: Stock-based compensation expense; column 3 in numeric sequence", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/sbc", "value": 403.22, "status": "verified", "sourceValue": 403.22, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 33: Repurchases of common stock; column 3 in numeric sequence", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/buybacksCash", "value": 600.022, "status": "verified", "sourceValue": 600.022, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 18: Diluted; column 3 in numeric sequence", "period": "FY2021", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/eps", "value": 1.124, "status": "verified", "sourceValue": 1.124, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "OCF less cash PPE; excludes 2021 other-asset deduction", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "cash subtotal arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/fcf", "value": -131.975, "status": "calculated", "sourceValue": -131.97500000000002, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "cash subtotal arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Consolidated statements equity, December 2021 balance; split-adjusted shares", "period": "2021-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/periodEndShares", "value": 4439.63107, "status": "verified", "sourceValue": 4439.63107, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Statement of stockholders equity 2021 closing balance", "period": "2021-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/equity", "value": 15849.248, "status": "verified", "sourceValue": 15849.248, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Debt less cash / equity divided by actual ending shares", "period": "2021-12-31", "currency": "USD", "units": "USDm or USD per actual ending share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/netDebt", "value": 9365.091, "status": "calculated", "sourceValue": 9365.091, "notes": "Arithmetic uses independently reconciled2021 cash/debt from2022 Form10-K; ending shares/equity from stockholders equity statement.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/bookValuePS", "value": 3.5699470857158406, "status": "calculated", "sourceValue": 3.5699470857158406, "notes": "Arithmetic uses independently reconciled2021 cash/debt from2022 Form10-K; ending shares/equity from stockholders equity statement.", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 14: Net income; column 2 in numeric sequence", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/netIncome", "value": 4491.924, "status": "verified", "sourceValue": 4491.924, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 10: Stock-based compensation expense; column 2 in numeric sequence", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/sbc", "value": 575.452, "status": "verified", "sourceValue": 575.452, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 34, row 33: Repurchases of common stock; column 2 in numeric sequence", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/buybacksCash", "value": 0, "status": "verified", "sourceValue": 0.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 32, row 18: Diluted; column 2 in numeric sequence", "period": "FY2022", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/eps", "value": 0.995, "status": "verified", "sourceValue": 0.995, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "OCF less cash PPE; excludes 2021 other-asset deduction", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "cash subtotal arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/fcf", "value": 1618.528, "status": "calculated", "sourceValue": 1618.528, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "cash subtotal arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 35, row 5: Cash and cash equivalents; column 2 in numeric sequence", "period": "2022-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/cash", "value": 5147.176, "status": "verified", "sourceValue": 5147.176, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 35, row 32: Total stockholders’ equity; column 2 in numeric sequence", "period": "2022-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/equity", "value": 20777.401, "status": "verified", "sourceValue": 20777.401, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Consolidated balance sheet short-term plus long-term debt; excludes leases", "period": "2022-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP carrying debt total", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/debt", "value": 14353.076, "status": "calculated", "sourceValue": 14353.076000000001, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP carrying debt total" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Consolidated statements equity, December 2022 balance; split-adjusted shares", "period": "2022-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/periodEndShares", "value": 4453.46776, "status": "verified", "sourceValue": 4453.4677599999995, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Debt less cash / equity divided by actual ending shares", "period": "2022-12-31", "currency": "USD", "units": "USDm or USD per actual ending share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/netDebt", "value": 9205.9, "status": "calculated", "sourceValue": 9205.899999999998, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/1/bookValuePS", "value": 4.665443227549042, "status": "calculated", "sourceValue": 4.665443227549042, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 14: Net income; column 3 in numeric sequence", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/netIncome", "value": 5407.99, "status": "verified", "sourceValue": 5407.99, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/earlierAnnual/netIncome", "value": 5407.99, "status": "verified", "sourceValue": 5407.99, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 10: Stock-based compensation expense; column 3 in numeric sequence", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/sbc", "value": 339.368, "status": "verified", "sourceValue": 339.368, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/earlierAnnual/sbc", "value": 339.368, "status": "verified", "sourceValue": 339.368, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 33: Repurchases of common stock; column 3 in numeric sequence", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/buybacksCash", "value": 6045.347, "status": "verified", "sourceValue": 6045.347, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 18: Diluted; column 3 in numeric sequence", "period": "FY2023", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/eps", "value": 1.2, "status": "verified", "sourceValue": 1.2, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/earlierAnnual/eps", "value": 1.2, "status": "verified", "sourceValue": 1.2, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "OCF less cash PPE; excludes 2021 other-asset deduction", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "cash subtotal arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/fcf", "value": 6925.749, "status": "calculated", "sourceValue": 6925.749000000001, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "cash subtotal arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/earlierAnnual/fcf", "value": 6925.749, "status": "calculated", "sourceValue": 6925.749000000001, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "cash subtotal arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 35, row 5: Cash and cash equivalents; column 1 in numeric sequence", "period": "2023-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/cash", "value": 7116.913, "status": "verified", "sourceValue": 7116.9130000000005, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Table 35, row 32: Total stockholders’ equity; column 1 in numeric sequence", "period": "2023-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/equity", "value": 20588.313, "status": "verified", "sourceValue": 20588.313000000002, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "locator": "Consolidated balance sheet short-term plus long-term debt; excludes leases", "period": "2023-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP carrying debt total", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/debt", "value": 14543.260999999999, "status": "calculated", "sourceValue": 14543.261, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP carrying debt total" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Consolidated statements equity, December 2023 balance; split-adjusted shares", "period": "2023-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/periodEndShares", "value": 4327.59584, "status": "verified", "sourceValue": 4327.59584, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Debt less cash / equity divided by actual ending shares", "period": "2023-12-31", "currency": "USD", "units": "USDm or USD per actual ending share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/netDebt", "value": 7426.348, "status": "calculated", "sourceValue": 7426.347999999999, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/2/bookValuePS", "value": 4.757448190910544, "status": "calculated", "sourceValue": 4.757448190910544, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 14: Net income; column 2 in numeric sequence", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/netIncome", "value": 8711.631, "status": "verified", "sourceValue": 8711.631, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/netIncome", "value": 8711.631, "status": "verified", "sourceValue": 8711.631, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 10: Stock-based compensation expense; column 2 in numeric sequence", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/sbc", "value": 272.588, "status": "verified", "sourceValue": 272.588, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/sbc", "value": 272.588, "status": "verified", "sourceValue": 272.588, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 33: Repurchases of common stock; column 2 in numeric sequence", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/buybacksCash", "value": 6263.746, "status": "verified", "sourceValue": 6263.746, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/buybacksCash", "value": 6263.746, "status": "verified", "sourceValue": 6263.746, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 18: Diluted; column 2 in numeric sequence", "period": "FY2024", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/eps", "value": 1.98, "status": "verified", "sourceValue": 1.98, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/eps", "value": 1.98, "status": "verified", "sourceValue": 1.98, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "OCF less cash PPE; excludes 2021 other-asset deduction", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "cash subtotal arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/fcf", "value": 6921.826, "status": "calculated", "sourceValue": 6921.825999999999, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "cash subtotal arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/fcf", "value": 6921.826, "status": "calculated", "sourceValue": 6921.825999999999, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "cash subtotal arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 33, row 5: Cash and cash equivalents; column 2 in numeric sequence", "period": "2024-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/cash", "value": 7804.733, "status": "verified", "sourceValue": 7804.733, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/cash", "value": 7804.733, "status": "verified", "sourceValue": 7804.733, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 33, row 32: Total stockholders’ equity; column 2 in numeric sequence", "period": "2024-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/equity", "value": 24743.567, "status": "verified", "sourceValue": 24743.567, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Consolidated balance sheet short-term plus long-term debt; excludes leases", "period": "2024-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP carrying debt total", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/debt", "value": 15582.804, "status": "calculated", "sourceValue": 15582.804, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP carrying debt total" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/debt", "value": 15582.804, "status": "calculated", "sourceValue": 15582.804, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP carrying debt total" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Consolidated statements equity, December 2024 balance; split-adjusted shares", "period": "2024-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/periodEndShares", "value": 4277.571, "status": "verified", "sourceValue": 4277.571, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/periodEndShares", "value": 4277.571, "status": "verified", "sourceValue": 4277.571, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Debt less cash / equity divided by actual ending shares", "period": "2024-12-31", "currency": "USD", "units": "USDm or USD per actual ending share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/netDebt", "value": 7778.071, "status": "calculated", "sourceValue": 7778.071, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/3/bookValuePS", "value": 5.784490076260569, "status": "calculated", "sourceValue": 5.784490076260569, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/netDebt", "value": 7778.071, "status": "calculated", "sourceValue": 7778.071, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/priorAnnual/bookValuePS", "value": 5.784490076260569, "status": "calculated", "sourceValue": 5.784490076260569, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 14: Net income; column 1 in numeric sequence", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/netIncome", "value": 10981.201, "status": "verified", "sourceValue": 10981.201000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/netIncome", "value": 10981.201, "status": "verified", "sourceValue": 10981.201000000001, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 10: Stock-based compensation expense; column 1 in numeric sequence", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/sbc", "value": 368.449, "status": "verified", "sourceValue": 368.449, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/sbc", "value": 368.449, "status": "verified", "sourceValue": 368.449, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 32, row 33: Repurchases of common stock; column 1 in numeric sequence", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/buybacksCash", "value": 9127.167, "status": "verified", "sourceValue": 9127.167, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/buybacksCash", "value": 9127.167, "status": "verified", "sourceValue": 9127.167, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 30, row 18: Diluted; column 1 in numeric sequence", "period": "FY2025", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/eps", "value": 2.53, "status": "verified", "sourceValue": 2.53, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/eps", "value": 2.53, "status": "verified", "sourceValue": 2.53, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@NFLX/eps", "value": 2.53, "status": "verified", "sourceValue": 2.53, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "OCF less cash PPE; excludes 2021 other-asset deduction", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "cash subtotal arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/fcf", "value": 9461.053, "status": "calculated", "sourceValue": 9461.053, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "cash subtotal arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/fcf", "value": 9461.053, "status": "calculated", "sourceValue": 9461.053, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "cash subtotal arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 33, row 5: Cash and cash equivalents; column 1 in numeric sequence", "period": "2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/cash", "value": 9033.681, "status": "verified", "sourceValue": 9033.681, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/cash", "value": 9033.681, "status": "verified", "sourceValue": 9033.681, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Table 33, row 32: Total stockholders’ equity; column 1 in numeric sequence", "period": "2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/equity", "value": 26615.488, "status": "verified", "sourceValue": 26615.488, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@NFLX/equity", "value": 26615.488, "status": "verified", "sourceValue": 26615.488, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Consolidated balance sheet short-term plus long-term debt; excludes leases", "period": "2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP carrying debt total", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/debt", "value": 14462.836, "status": "calculated", "sourceValue": 14462.836000000001, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP carrying debt total" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/debt", "value": 14462.836, "status": "calculated", "sourceValue": 14462.836000000001, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP carrying debt total" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Consolidated statements equity, December 2025 balance; split-adjusted shares", "period": "2025-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/periodEndShares", "value": 4222.16215, "status": "verified", "sourceValue": 4222.16215, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/periodEndShares", "value": 4222.16215, "status": "verified", "sourceValue": 4222.16215, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@NFLX/shares", "value": 4222.16215, "status": "verified", "sourceValue": 4222.16215, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Debt less cash / equity divided by actual ending shares", "period": "2025-12-31", "currency": "USD", "units": "USDm or USD per actual ending share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/netDebt", "value": 5429.155, "status": "calculated", "sourceValue": 5429.154999999999, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/4/bookValuePS", "value": 6.303757898071253, "status": "calculated", "sourceValue": 6.303757898071253, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/netDebt", "value": 5429.155, "status": "calculated", "sourceValue": 5429.154999999999, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/annual/bookValuePS", "value": 6.303757898071253, "status": "calculated", "sourceValue": 6.303757898071253, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Cash-flow statement; negative signed liability change represented as cash-outflow magnitude", "period": "2026-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/current/contentLiabilityCashOutflow", "value": 43.07, "status": "verified", "sourceValue": 43.07, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Cash-flow statement; negative signed liability change represented as cash-outflow magnitude", "period": "2025-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ytd/prior/contentLiabilityCashOutflow", "value": 601.043, "status": "verified", "sourceValue": 601.043, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "FY2025 + 9M2026 − 9M2025", "period": "12 months ended 30 September 2026", "currency": "USD", "units": "USD million", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ttm/revenue", "value": 49734.63300000001, "status": "calculated", "sourceValue": 49734.63300000001, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ttm/ocf", "value": 12307.937999999998, "status": "calculated", "sourceValue": 12307.937999999998, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ttm/capex", "value": 932.875, "status": "calculated", "sourceValue": 932.875, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ttm/fcf", "value": 11375.063000000002, "status": "calculated", "sourceValue": 11375.063000000002, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ttm/netIncome", "value": 14766.652999999998, "status": "calculated", "sourceValue": 14766.652999999998, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ttm/operatingIncome", "value": 15564.869999999997, "status": "calculated", "sourceValue": 15564.869999999997, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ttm/sbc", "value": 540.0640000000001, "status": "calculated", "sourceValue": 540.0640000000001, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000033/ex991_q425.htm", "locator": "Business discussion: ad revenue over $1.5 billion; stored number is qualified lower bound", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "issuer non-GAAP operating disclosure", "statementStatus": "issuer shareholder letter", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/adRevenue", "value": 1500, "status": "verified", "sourceValue": 1500, "notes": "Over qualifier must remain with value; not an exact disclosed total.", "unit": "USD million", "currency": "USD", "accountingBasis": "issuer non-GAAP operating disclosure" } ] }, { "sourceUrl": "https://about.netflix.com/en/news/what-we-watched-the-first-half-of-2025", "locator": "Engagement disclosure; more than 95 billion hours", "period": "H1 2025", "currency": "not applicable", "units": "billion viewing hours", "accountingBasis": "issuer operating disclosure", "statementStatus": "issuer shareholder letter/engagement report", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/viewHours", "value": 95, "status": "verified", "sourceValue": 95, "notes": "Over qualifier retained, not an exact total.", "unit": "billion viewing hours", "currency": "not applicable", "accountingBasis": "issuer operating disclosure" } ] }, { "sourceUrl": "https://s22.q4cdn.com/959853165/files/doc_financials/2026/q2/FINAL-Q2-26-Shareholder-Letter.pdf", "locator": "Engagement disclosure; more than 97 billion hours", "period": "H1 2026", "currency": "not applicable", "units": "billion viewing hours", "accountingBasis": "issuer operating disclosure", "statementStatus": "issuer shareholder letter/engagement report", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/viewHours", "value": 97, "status": "verified", "sourceValue": 97, "notes": "Over qualifier retained, not an exact total.", "unit": "billion viewing hours", "currency": "not applicable", "accountingBasis": "issuer operating disclosure" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000404/ex991_q325.htm", "locator": "Opening results narrative, realised quarter total FX-neutral revenue growth", "period": "Q3 2025", "currency": "not applicable", "units": "percent", "accountingBasis": "issuer non-GAAP constant currency", "statementStatus": "shareholder letter actual results", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/1/fxNeutralRevenueGrowth", "value": 17, "status": "verified", "sourceValue": 17, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer non-GAAP constant currency" } ] }, { "sourceUrl": "https://s22.q4cdn.com/959853165/files/doc_financials/2026/q2/FINAL-Q2-26-Shareholder-Letter.pdf", "locator": "Opening results narrative, realised quarter total FX-neutral revenue growth", "period": "Q2 2026", "currency": "not applicable", "units": "percent", "accountingBasis": "issuer non-GAAP constant currency", "statementStatus": "shareholder letter actual results", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/2/fxNeutralRevenueGrowth", "value": 12, "status": "verified", "sourceValue": 12, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer non-GAAP constant currency" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Opening results narrative, realised quarter total FX-neutral revenue growth", "period": "Q3 2026", "currency": "not applicable", "units": "percent", "accountingBasis": "issuer non-GAAP constant currency", "statementStatus": "shareholder letter actual results", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/3/fxNeutralRevenueGrowth", "value": 11, "status": "verified", "sourceValue": 11, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer non-GAAP constant currency" } ] }, { "sourceUrl": "https://about.netflix.com/en/news/what-we-watched-the-second-half-of-2023", "locator": "What We Watched opening report scope and total viewing disclosure", "period": "FY2023", "currency": "not applicable", "units": "billion viewing hours", "accountingBasis": "issuer operational aggregate", "statementStatus": "engagement report", "checks": [ { "file": "netflix-data.json", "path": "/engagementDisclosures/0/hoursBillions", "value": 183, "status": "verified", "sourceValue": 183, "notes": "2024 halves and H12025 are qualified over amounts; FY2023 and H22023 total disclosed together. No subscriber denominator inferred.", "unit": "billion viewing hours", "currency": "not applicable", "accountingBasis": "issuer operational aggregate" } ] }, { "sourceUrl": "https://about.netflix.com/en/news/what-we-watched-the-second-half-of-2023", "locator": "What We Watched opening report scope and total viewing disclosure", "period": "H2 2023", "currency": "not applicable", "units": "billion viewing hours", "accountingBasis": "issuer operational aggregate", "statementStatus": "engagement report", "checks": [ { "file": "netflix-data.json", "path": "/engagementDisclosures/1/hoursBillions", "value": 90, "status": "verified", "sourceValue": 90, "notes": "2024 halves and H12025 are qualified over amounts; FY2023 and H22023 total disclosed together. No subscriber denominator inferred.", "unit": "billion viewing hours", "currency": "not applicable", "accountingBasis": "issuer operational aggregate" } ] }, { "sourceUrl": "https://about.netflix.com/en/news/what-we-watched-the-first-half-of-2024", "locator": "What We Watched opening report scope and total viewing disclosure", "period": "H1 2024", "currency": "not applicable", "units": "billion viewing hours", "accountingBasis": "issuer operational aggregate", "statementStatus": "engagement report", "checks": [ { "file": "netflix-data.json", "path": "/engagementDisclosures/2/hoursBillions", "value": 94, "status": "verified", "sourceValue": 94, "notes": "2024 halves and H12025 are qualified over amounts; FY2023 and H22023 total disclosed together. No subscriber denominator inferred.", "unit": "billion viewing hours", "currency": "not applicable", "accountingBasis": "issuer operational aggregate" } ] }, { "sourceUrl": "https://about.netflix.com/en/news/what-we-watched-the-second-half-of-2024", "locator": "What We Watched opening report scope and total viewing disclosure", "period": "H2 2024", "currency": "not applicable", "units": "billion viewing hours", "accountingBasis": "issuer operational aggregate", "statementStatus": "engagement report", "checks": [ { "file": "netflix-data.json", "path": "/engagementDisclosures/3/hoursBillions", "value": 94, "status": "verified", "sourceValue": 94, "notes": "2024 halves and H12025 are qualified over amounts; FY2023 and H22023 total disclosed together. No subscriber denominator inferred.", "unit": "billion viewing hours", "currency": "not applicable", "accountingBasis": "issuer operational aggregate" } ] }, { "sourceUrl": "https://about.netflix.com/en/news/what-we-watched-the-first-half-of-2025", "locator": "What We Watched opening report scope and total viewing disclosure", "period": "H1 2025", "currency": "not applicable", "units": "billion viewing hours", "accountingBasis": "issuer operational aggregate", "statementStatus": "engagement report", "checks": [ { "file": "netflix-data.json", "path": "/engagementDisclosures/4/hoursBillions", "value": 95, "status": "verified", "sourceValue": 95, "notes": "2024 halves and H12025 are qualified over amounts; FY2023 and H22023 total disclosed together. No subscriber denominator inferred.", "unit": "billion viewing hours", "currency": "not applicable", "accountingBasis": "issuer operational aggregate" } ] }, { "sourceUrl": "https://about.netflix.com/en/news/what-we-watched-the-second-half-of-2025", "locator": "What We Watched opening report scope and total viewing disclosure", "period": "H2 2025", "currency": "not applicable", "units": "billion viewing hours", "accountingBasis": "issuer operational aggregate", "statementStatus": "engagement report", "checks": [ { "file": "netflix-data.json", "path": "/engagementDisclosures/5/hoursBillions", "value": 96, "status": "verified", "sourceValue": 96, "notes": "2024 halves and H12025 are qualified over amounts; FY2023 and H22023 total disclosed together. No subscriber denominator inferred.", "unit": "billion viewing hours", "currency": "not applicable", "accountingBasis": "issuer operational aggregate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528023000035/nflx-20221231.htm", "locator": "Table 30, row 5: Cash and cash equivalents; column 2 in numeric sequence", "period": "2021-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/cash", "value": 6027.804, "status": "verified", "sourceValue": 6027.804, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528023000035/nflx-20221231.htm", "locator": "Table 20, row 5: Short-term and long-term debt; column 2 in numeric sequence", "period": "2021-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/history/0/debt", "value": 15392.895, "status": "verified", "sourceValue": 15392.895, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://s22.q4cdn.com/959853165/files/doc_financials/2026/q2/FINAL-Q2-26-Shareholder-Letter.pdf", "locator": "p.1 and engagement discussion p.4; total view hours grew2%", "period": "H12026", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer operating disclosure", "statementStatus": "shareholder letter", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/latestMetrics/4/value", "value": 2, "status": "verified", "sourceValue": 2, "notes": "", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operating disclosure" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Note6 Acquisitions: $2.8bn termination fee received; MD&A cash flow includes receipt", "period": "Q1/H12026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim filing", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/cashAdjustments/0/value", "value": 2800, "status": "verified", "sourceValue": 2800, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Reconciled reported TTM FCF11375.063 less gross termination receipt2800", "period": "TTM 2026-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "illustrative historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/cashAdjustments/1/value", "value": 8575.063000000002, "status": "calculated", "sourceValue": 8575.063, "notes": "Gross receipt sensitivity is not company-defined FCF or exact recurring FCF; related tax/deal-cost effects not isolated.", "unit": "USD million", "currency": "USD", "accountingBasis": "illustrative historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000033/ex991_q425.htm", "locator": "Full-year2025 results narrative; 2025 Form10K financial summary also17%", "period": "FY2025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer non-GAAP constant currency", "statementStatus": "Original statement status retained; calculation where specified", "checks": [ { "file": "netflix-data.json", "path": "/periods/annual/4/fxNeutralRevenueGrowth", "value": 17, "sourceValue": 17, "reviewedSnapshotValue": null, "correctedOn": "2026-10-21", "status": "verified", "notes": "Matched completed-period total revenue growth explicitly disclosed; this is actual results,not guidance." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000322/ex991_q225.htm", "locator": "Q2 Results; first narrative paragraph, actual Q22025 growth17% FX-neutral", "period": "Q22025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer non-GAAP constant currency", "statementStatus": "Original statement status retained; calculation where specified", "checks": [ { "file": "netflix-data.json", "path": "/periods/quarterly/0/fxNeutralRevenueGrowth", "value": 17, "sourceValue": 17, "reviewedSnapshotValue": null, "correctedOn": "2026-10-21", "status": "verified", "notes": "Matched completed-period total revenue growth explicitly disclosed; this is actual results,not guidance." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000323/nflx-20250630.htm", "locator": "MD&A table54 six months; Total Revenues, Constant Currency Change16%; adjusted revenues22000692/prior18907690 USDthousand", "period": "H12025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer reported rounded non-GAAP constant currency", "statementStatus": "Original statement status retained; calculation where specified", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/0/fxNeutralRevenueGrowth", "value": 16, "sourceValue": 16, "reviewedSnapshotValue": null, "correctedOn": "2026-10-21", "status": "verified", "notes": "Directly reported rounded total growth rate for completed cumulative period,not average of quarterly percentages." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "MD&A table56 six months; Total Revenues, Constant Currency Change13%; adjusted24275143/prior21494556 USDthousand", "period": "H12026", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer reported rounded non-GAAP constant currency", "statementStatus": "Original statement status retained; calculation where specified", "checks": [ { "file": "netflix-data.json", "path": "/periods/halfYear/1/fxNeutralRevenueGrowth", "value": 13, "sourceValue": 13, "reviewedSnapshotValue": null, "correctedOn": "2026-10-21", "status": "verified", "notes": "Directly reported rounded total growth rate for completed cumulative period,not average of quarterly percentages." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000406/nflx-20250930.htm", "locator": "MD&A table54 nine months; Total Revenues, Constant Currency Change17%; adjusted33481511/prior28684209 USDthousand", "period": "9M2025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer reported rounded non-GAAP constant currency", "statementStatus": "Original statement status retained; calculation where specified", "checks": [ { "file": "netflix-data.json", "path": "/periods/nineMonths/0/fxNeutralRevenueGrowth", "value": 17, "sourceValue": 17, "reviewedSnapshotValue": null, "correctedOn": "2026-10-21", "status": "verified", "notes": "Directly reported rounded total growth rate for completed cumulative period,not average of quarterly percentages." } ] } ], "claims": [ { "file": "netflix.html", "pathOrText": "Business overview", "claim": "Netflix operates one streaming entertainment segment; revenue primarily membership fees, with advertising included in revenue; offers films, series and games.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Item1 Business; revenue recognition; segment note", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix.html", "pathOrText": "Content accounting and cash", "claim": "Content costs are capitalised and amortised over expected viewing; cash content spending already reduces operating cash flow.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Content assets accounting policy; statement of cash flows", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix.html", "pathOrText": "Comparability; notes5–7", "claim": "Ten-for-one split completed14 November2025; comparative share amounts restated. Later2025 filing supplies2023 diluted shares4494.966m.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Item5 Stock Split; EPS statement/Note10", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix.html", "pathOrText": "Membership history; notes7–9", "claim": "Memberships refer to paid streaming subscriptions, exclude extra member subaccounts; total revenues through2023 include DVD business discontinued2023.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "MD&A financial results/membership definition; DVD footnote", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix.html", "pathOrText": "Comparability", "claim": "Regular membership number and average-revenue disclosures discontinued in2025.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "MD&A Financial Results footnote1", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix.html", "pathOrText": "Disclosure gaps", "claim": "No comparable current per-member/churn/advertising standalone profit series is supplied by these financial statements.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Business and MD&A disclosures; stated dataset-local gap", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix.html", "pathOrText": "Comparability; /notes/4", "claim": "2023 strike production disruption changed cash content timing; reported FCF should not be labelled fully normalised.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000029/ex991_q423.htm", "locator": "Q42023 shareholder letter Cash Flow and Capital Structure: approximately$1bn delayed spending due toWGA/SAG-AFTRA strikes", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix-data.json", "pathOrText": "/observations/0", "claim": "Paid memberships exceeded325m duringQ4 2025; not exact quarter-end count.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000033/ex991_q425.htm", "locator": "Opening/member engagement discussion", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix-data.json", "pathOrText": "/observations/1", "claim": "FY2025 advertising revenue over$1.5bn; not standalone profit.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000033/ex991_q425.htm", "locator": "Full-year business results", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix-data.json", "pathOrText": "/observations/2", "claim": "H12026 viewing exceeded97bn hours and grew2% as separately disclosed; not calculated by dividing bounds.", "verdict": "verified", "sourceUrl": "https://s22.q4cdn.com/959853165/files/doc_financials/2026/q2/FINAL-Q2-26-Shareholder-Letter.pdf", "locator": "p1 highlights and p4 engagement", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix.html", "pathOrText": "Comparability", "claim": "July2026 letter announced annual engagement reporting beginning Q12027.", "verdict": "verified", "sourceUrl": "https://s22.q4cdn.com/959853165/files/doc_financials/2026/q2/FINAL-Q2-26-Shareholder-Letter.pdf", "locator": "Engagement reporting paragraph; dated reporting-policy announcement", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix.html", "pathOrText": "Commitments and execution", "claim": "Content obligations total$25.1bn at30 June2026; $3.9bn current,$1.6bn noncurrent recognised,$19.6bn unrecognised. Not all immediately due.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "Note9 Commitments and Contingencies", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix-data.json", "pathOrText": "/observations/3", "claim": "September2026 cash$8.194bn; debt carrying amount$15.132bn; company non-GAAP net debt$7.114bn; Q3 repurchases$4.797bn for63.9m split-adjusted shares.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "locator": "Balance sheet; cash-flow statement; net-debt reconciliation; liquidity paragraph", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "netflix.html", "pathOrText": "Flywheel; questions behind numbers; hypothetical exercise", "claim": "Scale, advertising-plan economics, content timing, buybacks and customer choice are analytical relationships; the hypothetical viewing-per-member decline is not asserted as an actual current result.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "locator": "Editorial hypothesis sections", "notes": "Causal return, incremental advertising profit and exact recurring cash flow remain unquantified." } ], "corrections": [ { "file": "netflix-data.json", "path": "/periods/annual/4/fxNeutralRevenueGrowth", "oldValue": null, "newValue": 17, "reason": "Matched completed-period total revenue growth explicitly disclosed; this is actual results,not guidance.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000033/ex991_q425.htm", "locator": "Full-year2025 results narrative; 2025 Form10K financial summary also17%", "period": "FY2025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer non-GAAP constant currency" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/fxNeutralRevenueGrowth", "oldValue": null, "newValue": 17, "reason": "Matched completed-period total revenue growth explicitly disclosed; this is actual results,not guidance.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000322/ex991_q225.htm", "locator": "Q2 Results; first narrative paragraph, actual Q22025 growth17% FX-neutral", "period": "Q22025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer non-GAAP constant currency" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/fxNeutralRevenueGrowth", "oldValue": null, "newValue": 16, "reason": "Directly reported rounded total growth rate for completed cumulative period,not average of quarterly percentages.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000323/nflx-20250630.htm", "locator": "MD&A table54 six months; Total Revenues, Constant Currency Change16%; adjusted revenues22000692/prior18907690 USDthousand", "period": "H12025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer reported rounded non-GAAP constant currency" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/fxNeutralRevenueGrowth", "oldValue": null, "newValue": 13, "reason": "Directly reported rounded total growth rate for completed cumulative period,not average of quarterly percentages.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "locator": "MD&A table56 six months; Total Revenues, Constant Currency Change13%; adjusted24275143/prior21494556 USDthousand", "period": "H12026", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer reported rounded non-GAAP constant currency" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/fxNeutralRevenueGrowth", "oldValue": null, "newValue": 17, "reason": "Directly reported rounded total growth rate for completed cumulative period,not average of quarterly percentages.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000406/nflx-20250930.htm", "locator": "MD&A table54 nine months; Total Revenues, Constant Currency Change17%; adjusted33481511/prior28684209 USDthousand", "period": "9M2025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer reported rounded non-GAAP constant currency" } ], "unresolved": [ "Five reported FX-neutral growth gaps were filled. FY2021–FY2024 rates remain unpopulated because the filings supply approximate FX revenue adjustments rather than directly reported total growth rates; any derived rates need an explicit approximate/calculated series. Nine-month 2026 adjusted-component arithmetic is available but is not a directly reported YTD growth rate.", "Remaining membership and other disclosure gaps are listed individually in the null register." ], "businessClaimLimits": [ "Causal return, incremental advertising profit and exact recurring cash flow remain unquantified." ], "nullReview": { "count": 163, "excludedFromNumericFieldCount": true, "entries": [ { "file": "netflix-data.json", "path": "/periods/annual/0/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/revenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/operatingProfitGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/contentCashGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/incrementalMargin", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/membershipGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "2021" }, { "file": "netflix-data.json", "path": "/periods/annual/0/fxNeutralRevenueGrowth", "value": null, "classification": "available_approximate_calculation_not_reported_rate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528022000036/nflx-20211231.htm", "sourceValue": null, "notes": "Source discloses approximate revenue FX adjustment,not a directly reported exact annual total FX-growth rate. Null is not evidence of no available underlying data. Optional new calculation must be labelled approximate/calculated; do not insert as reported or treat approximate adjustment as exact.2024 basis also excludes hedging; prior2023 had no revenue hedging effect.", "period": "FY2021", "locator": "MD&A constant-currency footnote; annual financial statement revenue totals", "unit": "percent YoY (approximate calculation)", "currency": "not applicable", "accountingBasis": "analyst arithmetic from approximate issuer FX adjustment", "candidateCalculatedValue": 17.037839889620997, "calculationInputs": { "currentRevenueUSDm": 29697.844, "priorRevenueUSDm": 24996.056, "approximateFxAdjustmentUSDm": -443 } }, { "file": "netflix-data.json", "path": "/periods/annual/1/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "2022" }, { "file": "netflix-data.json", "path": "/periods/annual/1/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "2022" }, { "file": "netflix-data.json", "path": "/periods/annual/1/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "2022" }, { "file": "netflix-data.json", "path": "/periods/annual/1/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "2022" }, { "file": "netflix-data.json", "path": "/periods/annual/1/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "2022" }, { "file": "netflix-data.json", "path": "/periods/annual/1/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "2022" }, { "file": "netflix-data.json", "path": "/periods/annual/1/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "2022" }, { "file": "netflix-data.json", "path": "/periods/annual/1/fxNeutralRevenueGrowth", "value": null, "classification": "available_approximate_calculation_not_reported_rate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528023000035/nflx-20221231.htm", "sourceValue": null, "notes": "Source discloses approximate revenue FX adjustment,not a directly reported exact annual total FX-growth rate. Null is not evidence of no available underlying data. Optional new calculation must be labelled approximate/calculated; do not insert as reported or treat approximate adjustment as exact.2024 basis also excludes hedging; prior2023 had no revenue hedging effect.", "period": "FY2022", "locator": "MD&A constant-currency footnote; annual financial statement revenue totals", "unit": "percent YoY (approximate calculation)", "currency": "not applicable", "accountingBasis": "analyst arithmetic from approximate issuer FX adjustment", "candidateCalculatedValue": 12.427521674637386, "calculationInputs": { "currentRevenueUSDm": 31615.55, "priorRevenueUSDm": 29697.844, "approximateFxAdjustmentUSDm": 1773 } }, { "file": "netflix-data.json", "path": "/periods/annual/2/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "2023" }, { "file": "netflix-data.json", "path": "/periods/annual/2/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "2023" }, { "file": "netflix-data.json", "path": "/periods/annual/2/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "2023" }, { "file": "netflix-data.json", "path": "/periods/annual/2/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "2023" }, { "file": "netflix-data.json", "path": "/periods/annual/2/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "2023" }, { "file": "netflix-data.json", "path": "/periods/annual/2/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "2023" }, { "file": "netflix-data.json", "path": "/periods/annual/2/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "2023" }, { "file": "netflix-data.json", "path": "/periods/annual/2/fxNeutralRevenueGrowth", "value": null, "classification": "available_approximate_calculation_not_reported_rate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528024000030/nflx-20231231.htm", "sourceValue": null, "notes": "Source discloses approximate revenue FX adjustment,not a directly reported exact annual total FX-growth rate. Null is not evidence of no available underlying data. Optional new calculation must be labelled approximate/calculated; do not insert as reported or treat approximate adjustment as exact.2024 basis also excludes hedging; prior2023 had no revenue hedging effect.", "period": "FY2023", "locator": "MD&A constant-currency footnote; annual financial statement revenue totals", "unit": "percent YoY (approximate calculation)", "currency": "not applicable", "accountingBasis": "analyst arithmetic from approximate issuer FX adjustment", "candidateCalculatedValue": 8.55511607421031, "calculationInputs": { "currentRevenueUSDm": 33723.297, "priorRevenueUSDm": 31615.55, "approximateFxAdjustmentUSDm": 597 } }, { "file": "netflix-data.json", "path": "/periods/annual/3/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "2024" }, { "file": "netflix-data.json", "path": "/periods/annual/3/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "2024" }, { "file": "netflix-data.json", "path": "/periods/annual/3/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "2024" }, { "file": "netflix-data.json", "path": "/periods/annual/3/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "2024" }, { "file": "netflix-data.json", "path": "/periods/annual/3/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "2024" }, { "file": "netflix-data.json", "path": "/periods/annual/3/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "2024" }, { "file": "netflix-data.json", "path": "/periods/annual/3/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "2024" }, { "file": "netflix-data.json", "path": "/periods/annual/3/fxNeutralRevenueGrowth", "value": null, "classification": "available_approximate_calculation_not_reported_rate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000044/nflx-20241231.htm", "sourceValue": null, "notes": "Source discloses approximate revenue FX adjustment,not a directly reported exact annual total FX-growth rate. Null is not evidence of no available underlying data. Optional new calculation must be labelled approximate/calculated; do not insert as reported or treat approximate adjustment as exact.2024 basis also excludes hedging; prior2023 had no revenue hedging effect.", "period": "FY2024", "locator": "MD&A constant-currency footnote; annual financial statement revenue totals", "unit": "percent YoY (approximate calculation)", "currency": "not applicable", "accountingBasis": "analyst arithmetic from approximate issuer FX adjustment", "candidateCalculatedValue": 19.872520174999497, "calculationInputs": { "currentRevenueUSDm": 39000.966, "priorRevenueUSDm": 33723.297, "approximateFxAdjustmentUSDm": 1424 } }, { "file": "netflix-data.json", "path": "/periods/annual/4/paidMembershipsYearEnd", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "2025" }, { "file": "netflix-data.json", "path": "/periods/annual/4/averagePaidMemberships", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "2025" }, { "file": "netflix-data.json", "path": "/periods/annual/4/averageMonthlyRevenuePerMembership", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "2025" }, { "file": "netflix-data.json", "path": "/periods/annual/4/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "2025" }, { "file": "netflix-data.json", "path": "/periods/annual/4/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "2025" }, { "file": "netflix-data.json", "path": "/periods/annual/4/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "2025" }, { "file": "netflix-data.json", "path": "/periods/annual/4/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "2025" }, { "file": "netflix-data.json", "path": "/periods/annual/4/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "2025" }, { "file": "netflix-data.json", "path": "/periods/annual/4/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "2025" }, { "file": "netflix-data.json", "path": "/periods/annual/4/membershipGrowth", "value": null, "classification": "missing_comparable_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "2025" }, { "file": "netflix-data.json", "path": "/periods/annual/4/fxNeutralRevenueGrowth", "value": null, "classification": "backfilled_2026_10_21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000033/ex991_q425.htm", "sourceValue": 17, "notes": "Matched completed-period total revenue growth explicitly disclosed; this is actual results,not guidance.", "period": "FY2025", "locator": "Full-year2025 results narrative; 2025 Form10K financial summary also17%", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer non-GAAP constant currency", "currentValue": 17 }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/revenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/operatingProfitGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/contentCashGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/incrementalMargin", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/membershipGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/paidMembershipsYearEnd", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/averagePaidMemberships", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/fxNeutralRevenueGrowth", "value": null, "classification": "backfilled_2026_10_21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000323/nflx-20250630.htm", "sourceValue": 16, "notes": "Directly reported rounded total growth rate for completed cumulative period,not average of quarterly percentages.", "period": "H12025", "locator": "MD&A table54 six months; Total Revenues, Constant Currency Change16%; adjusted revenues22000692/prior18907690 USDthousand", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer reported rounded non-GAAP constant currency", "currentValue": 16 }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/averageMonthlyRevenuePerMembership", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "H1 2025" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "H1 2026" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "H1 2026" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "H1 2026" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "H1 2026" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "H1 2026" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/membershipGrowth", "value": null, "classification": "missing_comparable_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "H1 2026" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/paidMembershipsYearEnd", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "H1 2026" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/averagePaidMemberships", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "H1 2026" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/fxNeutralRevenueGrowth", "value": null, "classification": "backfilled_2026_10_21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": 13, "notes": "Directly reported rounded total growth rate for completed cumulative period,not average of quarterly percentages.", "period": "H12026", "locator": "MD&A table56 six months; Total Revenues, Constant Currency Change13%; adjusted24275143/prior21494556 USDthousand", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer reported rounded non-GAAP constant currency", "currentValue": 13 }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "H1 2026" }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/averageMonthlyRevenuePerMembership", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "H1 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/revenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/operatingProfitGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/contentCashGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/incrementalMargin", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/membershipGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/paidMembershipsYearEnd", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/averagePaidMemberships", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/fxNeutralRevenueGrowth", "value": null, "classification": "backfilled_2026_10_21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000322/ex991_q225.htm", "sourceValue": 17, "notes": "Matched completed-period total revenue growth explicitly disclosed; this is actual results,not guidance.", "period": "Q22025", "locator": "Q2 Results; first narrative paragraph, actual Q22025 growth17% FX-neutral", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer non-GAAP constant currency", "currentValue": 17 }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/averageMonthlyRevenuePerMembership", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q2 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/revenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/operatingProfitGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/contentCashGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/incrementalMargin", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/membershipGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/paidMembershipsYearEnd", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/averagePaidMemberships", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/averageMonthlyRevenuePerMembership", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q3 2025" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/membershipGrowth", "value": null, "classification": "missing_comparable_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/paidMembershipsYearEnd", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/averagePaidMemberships", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/2/averageMonthlyRevenuePerMembership", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q2 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/membershipGrowth", "value": null, "classification": "missing_comparable_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/paidMembershipsYearEnd", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/averagePaidMemberships", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/quarterly/3/averageMonthlyRevenuePerMembership", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "Q3 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/paidMembershipsYearEnd", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/averagePaidMemberships", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/contentCashGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/membershipGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/revenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/fxNeutralRevenueGrowth", "value": null, "classification": "backfilled_2026_10_21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000406/nflx-20250930.htm", "sourceValue": 17, "notes": "Directly reported rounded total growth rate for completed cumulative period,not average of quarterly percentages.", "period": "9M2025", "locator": "MD&A table54 nine months; Total Revenues, Constant Currency Change17%; adjusted33481511/prior28684209 USDthousand", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer reported rounded non-GAAP constant currency", "currentValue": 17 }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/averageMonthlyRevenuePerMembership", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/operatingProfitGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/incrementalMargin", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "9M 2025" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/paidMembershipsYearEnd", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "9M 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/averagePaidMemberships", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "9M 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/normalisedFCF", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "9M 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/normalisedFCFPerShare", "value": null, "classification": "not_company_defined", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact fully normalised recurringFCF reconciliation. ReportedFCF is populated. Removing gross termination receipt without tax/deal-cost adjustments is only a labelled sensitivity, not a replacement.", "period": "9M 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/churn", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "9M 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/hoursPerMember", "value": null, "classification": "incompatible_or_missing_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Viewing disclosures use rounded totals/lower bounds and current exact average memberships are unavailable. No precise,comparable hours-per-member series verified. FY2023 has approximate total183bn plus average streaming paid memberships but would be an explicitly approximate calculation,not a precise observed KPI.", "period": "9M 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/adOperatingProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No consistent churn or standalone advertising operating-profit series in reviewed sources; no allocation from total segment earnings.", "period": "9M 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/viewHours", "value": null, "classification": "separate_engagement_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Dated annual/half-year engagement observations retained in separate /engagementDisclosures. No exact standalone quarter/9M amount; do not combine overlapping periods or treat bounds as exact.", "period": "9M 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/membershipGrowth", "value": null, "classification": "missing_comparable_denominator", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "9M 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/fxNeutralRevenueGrowth", "value": null, "classification": "available_calculation_not_reported_rate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Direct9M rate absent from selectedQ3letter. Exact reported component amounts support this calculation; do not average rounded quarterly growth rates or label the derived percentage company-reported. Populate only if row/source metadata and renderer can distinguish calculated from reported FX growth.", "period": "9M2026", "additionalSourceUrls": [ "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm" ], "locator": "S5 table56 H1 adjusted total24275143 and prior21494556; S10 table23 Q3 adjusted12902599 and prior11639672; amountsUSDthousand", "unit": "percent YoY (calculated)", "currency": "not applicable", "accountingBasis": "calculated aggregate non-GAAP adjusted-revenue growth", "candidateCalculatedValue": 12.203435070224057, "calculationInputs": { "currentConstantCurrencyRevenueUSDthousand": 37177742, "priorRevenueExcludingHedgingUSDthousand": 33134228 } }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/adRevenue", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "No exact comparable period advertising revenue total verified. FY2025 threshold separately populated; narrative growth rates do not create exact totals. Pre-launch2021 is not replaced by inferred zero.", "period": "9M 2026" }, { "file": "netflix-data.json", "path": "/periods/nineMonths/1/averageMonthlyRevenuePerMembership", "value": null, "classification": "discontinued_exact_disclosure", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm", "sourceValue": null, "notes": "Regular exact paid-membership/average-membership/ARM reporting discontinued2025.325mQ4 milestone is lower bound,not exact period balance or average.", "period": "9M 2026" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ttm/dilutedShares", "value": null, "classification": "per_share_nonadditivity", "sourceUrl": null, "sourceValue": null, "notes": "TTM diluted weighted-average shares/EPS are not simply summed using annual+YTD−priorYTD. No matched TTM denominator company-reported here; retain null." }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/ttm/eps", "value": null, "classification": "per_share_nonadditivity", "sourceUrl": null, "sourceValue": null, "notes": "TTM diluted weighted-average shares/EPS are not simply summed using annual+YTD−priorYTD. No matched TTM denominator company-reported here; retain null." }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/latestMetrics/4/prior", "value": null, "classification": "comparison_not_requested", "sourceUrl": null, "sourceValue": null, "notes": "Single disclosed growth/milestone presented without a prior comparison value. No zero or unrelated prior period is inserted." }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/0/metrics/4/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No consistent full-year viewing-hours growth series across these years; half-year percentages cannot substitute. Separate dated engagement report retained." }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/1/metrics/4/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No consistent full-year viewing-hours growth series across these years; half-year percentages cannot substitute. Separate dated engagement report retained." }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/2/metrics/4/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No consistent full-year viewing-hours growth series across these years; half-year percentages cannot substitute. Separate dated engagement report retained." }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/3/metrics/4/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No consistent full-year viewing-hours growth series across these years; half-year percentages cannot substitute. Separate dated engagement report retained." }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@NFLX/businessHistory/4/metrics/4/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No consistent full-year viewing-hours growth series across these years; half-year percentages cannot substitute. Separate dated engagement report retained." } ], "countsByClassification": { "source_set_gap": 43, "separate_engagement_disclosure": 11, "not_company_defined": 26, "incompatible_or_missing_denominator": 13, "comparison_boundary": 25, "available_approximate_calculation_not_reported_rate": 4, "discontinued_exact_disclosure": 27, "missing_comparable_denominator": 5, "available_for_verified_backfill": 5, "available_calculation_not_reported_rate": 1, "per_share_nonadditivity": 2, "comparison_not_requested": 1 } }, "metadataPatches": [ { "file": "netflix-data.json", "path": "/sources/S11", "oldValue": null, "newValue": { "title": "Netflix Q2 2025 shareholder letter", "url": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000322/ex991_q225.htm", "location": "Q2 Results actual-results paragraph: issuer-rounded FX-neutral total revenue growth17%.", "published": "2025-07-17" }, "reason": "Original-period primary source for reported FX-neutral growth" }, { "file": "netflix-data.json", "path": "/sources/S12", "oldValue": null, "newValue": { "title": "Netflix Q2 2025 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000323/nflx-20250630.htm", "location": "MD&A table54 six months; Total Revenues, Constant Currency Change16%; adjusted revenues22000692/prior18907690 USDthousand", "published": "2025-07-18" }, "reason": "Original-period primary source for reported FX-neutral growth" }, { "file": "netflix-data.json", "path": "/sources/S13", "oldValue": null, "newValue": { "title": "Netflix Q3 2025 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000406/nflx-20250930.htm", "location": "MD&A table54 nine months; Total Revenues, Constant Currency Change17%; adjusted33481511/prior28684209 USDthousand; table53 also explicitly gives Q32025 total FX-neutral growth17%.", "published": "2025-10-22" }, "reason": "Original-period primary source for reported FX-neutral growth" }, { "file": "netflix-data.json", "path": "/periods/annual/4/sourcesByMetric/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "S4", "reason": "Use exact completed-period primary total-revenue constant-currency disclosure." }, { "file": "netflix-data.json", "path": "/periods/annual/4/qualifiers/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "", "reason": "Issuer-rounded reported rate,not a lower bound. Current renderer treats nonempty qualifier as lower bound; roundedness belongs in metric/source description." }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/sourcesByMetric/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "S11", "reason": "Use exact completed-period primary total-revenue constant-currency disclosure." }, { "file": "netflix-data.json", "path": "/periods/quarterly/0/qualifiers/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "", "reason": "Issuer-rounded reported rate,not a lower bound. Current renderer treats nonempty qualifier as lower bound; roundedness belongs in metric/source description." }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/sourcesByMetric/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "S12", "reason": "Use exact completed-period primary total-revenue constant-currency disclosure." }, { "file": "netflix-data.json", "path": "/periods/halfYear/0/qualifiers/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "", "reason": "Issuer-rounded reported rate,not a lower bound. Current renderer treats nonempty qualifier as lower bound; roundedness belongs in metric/source description." }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/sourcesByMetric/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "S5", "reason": "Use exact completed-period primary total-revenue constant-currency disclosure." }, { "file": "netflix-data.json", "path": "/periods/halfYear/1/qualifiers/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "", "reason": "Issuer-rounded reported rate,not a lower bound. Current renderer treats nonempty qualifier as lower bound; roundedness belongs in metric/source description." }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/sourcesByMetric/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "S13", "reason": "Use exact completed-period primary total-revenue constant-currency disclosure." }, { "file": "netflix-data.json", "path": "/periods/nineMonths/0/qualifiers/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "", "reason": "Issuer-rounded reported rate,not a lower bound. Current renderer treats nonempty qualifier as lower bound; roundedness belongs in metric/source description." }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/sourcesByMetric/fxNeutralRevenueGrowth", "oldValue": "S10", "newValue": "S13", "reason": "Use exact completed-period primary total-revenue constant-currency disclosure." }, { "file": "netflix-data.json", "path": "/periods/quarterly/1/qualifiers/fxNeutralRevenueGrowth", "oldValue": null, "newValue": "", "reason": "Issuer-rounded reported rate,not a lower bound. Current renderer treats nonempty qualifier as lower bound; roundedness belongs in metric/source description." } ], "batch": "tech-pages", "name": "Netflix", "pages": [ "netflix.html", "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "All520 currently numeric mapped fields reconciled individually. Null register163 leaves reviewed separately; five directly disclosed rounded FX-growth backfills identified. Four annual FX rates require approximate calculations and9M2026 requires a new calculated rate; no unverified absence claim. Numerical inputs left unchanged pending root.", "originalUnresolved": [ "Five null FX-neutral fields have direct verified reported backfills awaiting root; four annual rates and9M2026 have calculable underlying data but require distinct approximate/calculated labelling before population. No unexplained FX-null source gap remains." ], "correctionsApplied": 20, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 316, "calculated": 209 }, "sourceCount": 18 }, { "id": "meta", "status": "verified", "periodsReviewed": [ "FY2021–FY2025 each annual income/cash-flow and segment row", "Q2 2025", "Q2 2026", "H1 2025", "H1 2026", "embedded FY2021–25 histories and actual-share denominators" ], "summary": "Completed source review: 360 source checks, 147 arithmetic checks, 0 unverified checks. 1 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": null, "locator": "Explicit inventory of fields not yet reconciled", "period": "individual field context", "currency": "per dataset", "units": "per dataset", "accountingBasis": "unverified", "statementStatus": "unverified", "checks": [] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 3: Revenue; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/revenue", "value": 117929, "status": "verified", "sourceValue": 117929.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/revenue", "value": 117929, "status": "verified", "sourceValue": 117929.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 10: Income from operations; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/operatingIncome", "value": 46753, "status": "verified", "sourceValue": 46753.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/operatingIncome", "value": 46753, "status": "verified", "sourceValue": 46753.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 6: Research and development; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/researchDevelopment", "value": 24655, "status": "verified", "sourceValue": 24655.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 20: Diluted; column 3 in numeric sequence", "period": "2021", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/dilutedShares", "value": 2859, "status": "verified", "sourceValue": 2859.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/dilutedShares", "value": 2859, "status": "verified", "sourceValue": 2859.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 33, row 3: Advertising; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/adRevenue", "value": 114934, "status": "verified", "sourceValue": 114934.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 33, row 5: Family of Apps; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/foaRevenue", "value": 115655, "status": "verified", "sourceValue": 115655.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 33, row 6: Reality Labs; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/rlRevenue", "value": 2274, "status": "verified", "sourceValue": 2274.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 67, row 9: Family of Apps; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/foaOperatingIncome", "value": 56946, "status": "verified", "sourceValue": 56946.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/0/metrics/2/value", "value": 56946, "status": "verified", "sourceValue": 56946.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 67, row 10: Reality Labs; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/rlOperatingLoss", "value": 10193, "status": "verified", "sourceValue": 10193.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 21: Net cash provided by operating activities; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/ocf", "value": 57683, "status": "verified", "sourceValue": 57683.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/ocf", "value": 57683, "status": "verified", "sourceValue": 57683.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 7: Share-based compensation; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/sbc", "value": 9164, "status": "verified", "sourceValue": 9164.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/sbc", "value": 9164, "status": "verified", "sourceValue": 9164.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 6: Depreciation and amortization; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/da", "value": 7967, "status": "verified", "sourceValue": 7967.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 35: Principal payments on finance leases; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/financeLeasePrincipal", "value": 677, "status": "verified", "sourceValue": 677.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/financeLeasePrincipal", "value": 677, "status": "verified", "sourceValue": 677.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 22, row 4: Purchases of property and equipment, net; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/ppe", "value": 18567, "status": "verified", "sourceValue": 18567.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 22, row 6: Free cash flow; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "reported company non-GAAP FCF after lease principal", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/fcf", "value": 38439, "status": "verified", "sourceValue": 38439.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/companyFcf", "value": 38439, "status": "verified", "sourceValue": 38439.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 23: Purchases of property and equipment; column 3 in numeric sequence", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/ppeGross", "value": 18690, "status": "verified", "sourceValue": 18690.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/capex", "value": 18690, "status": "verified", "sourceValue": 18690.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Gross PPE purchases less net PPE purchases in FCF reconciliation", "period": "2021", "currency": "USD", "units": "USD million", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/ppeProceeds", "value": 123, "status": "calculated", "sourceValue": 123, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/assetSaleAndIncentiveProceeds", "value": 123, "status": "calculated", "sourceValue": 123, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Arithmetic from matching-period inputs; FCF after lease principal", "period": "2021", "currency": "USD", "units": "metric-labelled USDm / percent / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/rlCosts", "value": 12467, "status": "calculated", "sourceValue": 12467, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/0/capex", "value": 19244, "status": "calculated", "sourceValue": 19244, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/0/foaMargin", "value": 49.23781937659418, "status": "calculated", "sourceValue": 49.23781937659418, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/0/fcfMargin", "value": 32.595035996235026, "status": "calculated", "sourceValue": 32.59503599623502, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/0/capexPctRevenue", "value": 16.318293210321464, "status": "calculated", "sourceValue": 16.318293210321464, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/0/rlLossPctFoa", "value": 17.89941347943666, "status": "calculated", "sourceValue": 17.89941347943666, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/0/sbcPctRevenue", "value": 7.770777332123566, "status": "calculated", "sourceValue": 7.770777332123566, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/0/fcfPerShare", "value": 13.444910807974816, "status": "calculated", "sourceValue": 13.444910807974816, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2022/Meta-Reports-Fourth-Quarter-and-Full-Year-2021-Results/default.aspx", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "2021", "currency": "not applicable", "units": "billion daily active people", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/dap", "value": 2.82, "status": "verified", "sourceValue": 2.82, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "billion daily active people", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2022/Meta-Reports-Fourth-Quarter-and-Full-Year-2021-Results/default.aspx", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "2021", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/adImpressionsGrowth", "value": 10, "status": "verified", "sourceValue": 10, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "meta-data.json", "path": "/periods/annual/0/adPriceGrowth", "value": 24, "status": "verified", "sourceValue": 24, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/0/metrics/0/value", "value": 10, "status": "verified", "sourceValue": 10, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/0/metrics/1/value", "value": 24, "status": "verified", "sourceValue": 24, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2022/Meta-Reports-Fourth-Quarter-and-Full-Year-2021-Results/default.aspx", "locator": "Non-GAAP reconciliation table 6 row 15; annual/six-month vs quarterly column", "period": "2021", "currency": "not applicable", "units": "percent", "accountingBasis": "reported non-GAAP constant currency", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/0/adRevenueConstantCurrencyGrowth", "value": 35, "status": "verified", "sourceValue": 35.0, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "reported non-GAAP constant currency" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 3: Revenue; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/revenue", "value": 116609, "status": "verified", "sourceValue": 116609.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/revenue", "value": 116609, "status": "verified", "sourceValue": 116609.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 10: Income from operations; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/operatingIncome", "value": 28944, "status": "verified", "sourceValue": 28944.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/operatingIncome", "value": 28944, "status": "verified", "sourceValue": 28944.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 6: Research and development; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/researchDevelopment", "value": 35338, "status": "verified", "sourceValue": 35338.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 20: Diluted; column 2 in numeric sequence", "period": "2022", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/dilutedShares", "value": 2702, "status": "verified", "sourceValue": 2702.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/dilutedShares", "value": 2702, "status": "verified", "sourceValue": 2702.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 33, row 3: Advertising; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/adRevenue", "value": 113642, "status": "verified", "sourceValue": 113642.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 33, row 5: Family of Apps; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/foaRevenue", "value": 114450, "status": "verified", "sourceValue": 114450.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 33, row 6: Reality Labs; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/rlRevenue", "value": 2159, "status": "verified", "sourceValue": 2159.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 67, row 9: Family of Apps; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/foaOperatingIncome", "value": 42661, "status": "verified", "sourceValue": 42661.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/1/metrics/2/value", "value": 42661, "status": "verified", "sourceValue": 42661.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 67, row 10: Reality Labs; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/rlOperatingLoss", "value": 13717, "status": "verified", "sourceValue": 13717.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 21: Net cash provided by operating activities; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/ocf", "value": 50475, "status": "verified", "sourceValue": 50475.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/ocf", "value": 50475, "status": "verified", "sourceValue": 50475.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 7: Share-based compensation; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/sbc", "value": 11992, "status": "verified", "sourceValue": 11992.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/sbc", "value": 11992, "status": "verified", "sourceValue": 11992.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 6: Depreciation and amortization; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/da", "value": 8686, "status": "verified", "sourceValue": 8686.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 35: Principal payments on finance leases; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/financeLeasePrincipal", "value": 850, "status": "verified", "sourceValue": 850.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/financeLeasePrincipal", "value": 850, "status": "verified", "sourceValue": 850.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 22, row 4: Purchases of property and equipment, net; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/ppe", "value": 31186, "status": "verified", "sourceValue": 31186.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 22, row 6: Free cash flow; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "reported company non-GAAP FCF after lease principal", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/fcf", "value": 18439, "status": "verified", "sourceValue": 18439.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/companyFcf", "value": 18439, "status": "verified", "sourceValue": 18439.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 23: Purchases of property and equipment; column 2 in numeric sequence", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/ppeGross", "value": 31431, "status": "verified", "sourceValue": 31431.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/capex", "value": 31431, "status": "verified", "sourceValue": 31431.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Gross PPE purchases less net PPE purchases in FCF reconciliation", "period": "2022", "currency": "USD", "units": "USD million", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/ppeProceeds", "value": 245, "status": "calculated", "sourceValue": 245, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/assetSaleAndIncentiveProceeds", "value": 245, "status": "calculated", "sourceValue": 245, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Arithmetic from matching-period inputs; FCF after lease principal", "period": "2022", "currency": "USD", "units": "metric-labelled USDm / percent / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/rlCosts", "value": 15876, "status": "calculated", "sourceValue": 15876, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/capex", "value": 32036, "status": "calculated", "sourceValue": 32036, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/foaMargin", "value": 37.27479248580166, "status": "calculated", "sourceValue": 37.27479248580166, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/fcfMargin", "value": 15.812673121285664, "status": "calculated", "sourceValue": 15.812673121285664, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/capexPctRevenue", "value": 27.47300808685436, "status": "calculated", "sourceValue": 27.47300808685436, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/rlLossPctFoa", "value": 32.15348913527578, "status": "calculated", "sourceValue": 32.153489135275784, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/sbcPctRevenue", "value": 10.283940347657557, "status": "calculated", "sourceValue": 10.283940347657557, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/fcfPerShare", "value": 6.82420429311621, "status": "calculated", "sourceValue": 6.82420429311621, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/adRevenueGrowth", "value": -1.124123409957023, "status": "calculated", "sourceValue": -1.124123409957023, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/dapGrowth", "value": 4.964539007092195, "status": "calculated", "sourceValue": 4.964539007092195, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/rlCostsGrowth", "value": 27.344188658057277, "status": "calculated", "sourceValue": 27.344188658057277, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/1/foaProfitGrowth", "value": -25.085168405155766, "status": "calculated", "sourceValue": -25.085168405155766, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "2022", "currency": "not applicable", "units": "billion daily active people", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/dap", "value": 2.96, "status": "verified", "sourceValue": 2.96, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "billion daily active people", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "2022", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/adImpressionsGrowth", "value": 18, "status": "verified", "sourceValue": 18, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "meta-data.json", "path": "/periods/annual/1/adPriceGrowth", "value": -16, "status": "verified", "sourceValue": -16, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/1/metrics/0/value", "value": 18, "status": "verified", "sourceValue": 18, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/1/metrics/1/value", "value": -16, "status": "verified", "sourceValue": -16, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2023/Meta-Reports-Fourth-Quarter-and-Full-Year-2022-Results/default.aspx", "locator": "Non-GAAP reconciliation table 6 row 14; annual/six-month vs quarterly column", "period": "2022", "currency": "not applicable", "units": "percent", "accountingBasis": "reported non-GAAP constant currency", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/1/adRevenueConstantCurrencyGrowth", "value": 4, "status": "verified", "sourceValue": 4.0, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "reported non-GAAP constant currency" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 3: Revenue; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/revenue", "value": 134902, "status": "verified", "sourceValue": 134902.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/revenue", "value": 134902, "status": "verified", "sourceValue": 134902.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/earlierAnnual/revenue", "value": 134902, "status": "verified", "sourceValue": 134902.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 10: Income from operations; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/operatingIncome", "value": 46751, "status": "verified", "sourceValue": 46751.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/operatingIncome", "value": 46751, "status": "verified", "sourceValue": 46751.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 6: Research and development; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/researchDevelopment", "value": 38483, "status": "verified", "sourceValue": 38483.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 20: Diluted; column 1 in numeric sequence", "period": "2023", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/dilutedShares", "value": 2629, "status": "verified", "sourceValue": 2629.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/dilutedShares", "value": 2629, "status": "verified", "sourceValue": 2629.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/earlierAnnual/dilutedShares", "value": 2629, "status": "verified", "sourceValue": 2629.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 33, row 3: Advertising; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/adRevenue", "value": 131948, "status": "verified", "sourceValue": 131948.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 33, row 5: Family of Apps; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/foaRevenue", "value": 133006, "status": "verified", "sourceValue": 133006.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 33, row 6: Reality Labs; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/rlRevenue", "value": 1896, "status": "verified", "sourceValue": 1896.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 67, row 9: Family of Apps; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/foaOperatingIncome", "value": 62871, "status": "verified", "sourceValue": 62871.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/2/metrics/2/value", "value": 62871, "status": "verified", "sourceValue": 62871.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 67, row 10: Reality Labs; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/rlOperatingLoss", "value": 16120, "status": "verified", "sourceValue": 16120.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 21: Net cash provided by operating activities; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/ocf", "value": 71113, "status": "verified", "sourceValue": 71113.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/ocf", "value": 71113, "status": "verified", "sourceValue": 71113.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/earlierAnnual/ocf", "value": 71113, "status": "verified", "sourceValue": 71113.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 7: Share-based compensation; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/sbc", "value": 14027, "status": "verified", "sourceValue": 14027.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/sbc", "value": 14027, "status": "verified", "sourceValue": 14027.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/earlierAnnual/sbc", "value": 14027, "status": "verified", "sourceValue": 14027.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 6: Depreciation and amortization; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/da", "value": 11178, "status": "verified", "sourceValue": 11178.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 35: Principal payments on finance leases; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/financeLeasePrincipal", "value": 1058, "status": "verified", "sourceValue": 1058.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/financeLeasePrincipal", "value": 1058, "status": "verified", "sourceValue": 1058.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 22, row 4: Purchases of property and equipment, net; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/ppe", "value": 27045, "status": "verified", "sourceValue": 27045.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/earlierAnnual/capex", "value": 27045, "status": "verified", "sourceValue": 27045.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 22, row 6: Free cash flow; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "reported company non-GAAP FCF after lease principal", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/fcf", "value": 43010, "status": "verified", "sourceValue": 43010.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/companyFcf", "value": 43010, "status": "verified", "sourceValue": 43010.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 23: Purchases of property and equipment; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/ppeGross", "value": 27266, "status": "verified", "sourceValue": 27266.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/capex", "value": 27266, "status": "verified", "sourceValue": 27266.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Gross PPE purchases less net PPE purchases in FCF reconciliation", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/ppeProceeds", "value": 221, "status": "calculated", "sourceValue": 221, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/assetSaleAndIncentiveProceeds", "value": 221, "status": "calculated", "sourceValue": 221, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Arithmetic from matching-period inputs; FCF after lease principal", "period": "2023", "currency": "USD", "units": "metric-labelled USDm / percent / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/rlCosts", "value": 18016, "status": "calculated", "sourceValue": 18016, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/capex", "value": 28103, "status": "calculated", "sourceValue": 28103, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/foaMargin", "value": 47.26929612197946, "status": "calculated", "sourceValue": 47.26929612197946, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/fcfMargin", "value": 31.882403522557116, "status": "calculated", "sourceValue": 31.88240352255712, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/capexPctRevenue", "value": 20.83215964181406, "status": "calculated", "sourceValue": 20.83215964181406, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/rlLossPctFoa", "value": 25.639802134529432, "status": "calculated", "sourceValue": 25.639802134529432, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/sbcPctRevenue", "value": 10.397918488977183, "status": "calculated", "sourceValue": 10.397918488977183, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/fcfPerShare", "value": 16.359832635983263, "status": "calculated", "sourceValue": 16.359832635983263, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/adRevenueGrowth", "value": 16.108481019341436, "status": "calculated", "sourceValue": 16.108481019341436, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/dapGrowth", "value": 7.770270270270263, "status": "calculated", "sourceValue": 7.770270270270263, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/rlCostsGrowth", "value": 13.479465860418237, "status": "calculated", "sourceValue": 13.479465860418237, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/2/foaProfitGrowth", "value": 47.37347929021822, "status": "calculated", "sourceValue": 47.37347929021822, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "2023", "currency": "not applicable", "units": "billion daily active people", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/dap", "value": 3.19, "status": "verified", "sourceValue": 3.19, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "billion daily active people", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "2023", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/adImpressionsGrowth", "value": 28, "status": "verified", "sourceValue": 28, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "meta-data.json", "path": "/periods/annual/2/adPriceGrowth", "value": -9, "status": "verified", "sourceValue": -9, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/2/metrics/0/value", "value": 28, "status": "verified", "sourceValue": 28, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/2/metrics/1/value", "value": -9, "status": "verified", "sourceValue": -9, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2024/Meta-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Initiates-Quarterly-Dividend/default.aspx", "locator": "Non-GAAP reconciliation table 6 row 29; annual/six-month vs quarterly column", "period": "2023", "currency": "not applicable", "units": "percent", "accountingBasis": "reported non-GAAP constant currency", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/adRevenueConstantCurrencyGrowth", "value": 16, "status": "verified", "sourceValue": 16.0, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "reported non-GAAP constant currency" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 25, row 3: Revenue; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/revenue", "value": 164501, "status": "verified", "sourceValue": 164501.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/revenue", "value": 164501, "status": "verified", "sourceValue": 164501.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/revenue", "value": 164501, "status": "verified", "sourceValue": 164501.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@META/priorRevenue", "value": 164501, "status": "verified", "sourceValue": 164501.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 25, row 10: Income from operations; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/operatingIncome", "value": 69380, "status": "verified", "sourceValue": 69380.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/operatingIncome", "value": 69380, "status": "verified", "sourceValue": 69380.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 25, row 6: Research and development; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/researchDevelopment", "value": 43873, "status": "verified", "sourceValue": 43873.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 25, row 20: Diluted; column 1 in numeric sequence", "period": "2024", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/dilutedShares", "value": 2614, "status": "verified", "sourceValue": 2614.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/dilutedShares", "value": 2614, "status": "verified", "sourceValue": 2614.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/dilutedShares", "value": 2614, "status": "verified", "sourceValue": 2614.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 31, row 3: Advertising; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/adRevenue", "value": 160633, "status": "verified", "sourceValue": 160633.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 31, row 5: Family of Apps; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/foaRevenue", "value": 162355, "status": "verified", "sourceValue": 162355.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 31, row 6: Reality Labs; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/rlRevenue", "value": 2146, "status": "verified", "sourceValue": 2146.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 62, row 7: Income from operations; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/foaOperatingIncome", "value": 87109, "status": "verified", "sourceValue": 87109.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/3/metrics/2/value", "value": 87109, "status": "verified", "sourceValue": 87109.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 62, row 13: Loss from operations; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/rlOperatingLoss", "value": 17729, "status": "verified", "sourceValue": 17729.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 28, row 21: Net cash provided by operating activities; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/ocf", "value": 91328, "status": "verified", "sourceValue": 91328.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/ocf", "value": 91328, "status": "verified", "sourceValue": 91328.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/ocf", "value": 91328, "status": "verified", "sourceValue": 91328.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@META/priorOcf", "value": 91328, "status": "verified", "sourceValue": 91328.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 28, row 7: Share-based compensation; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/sbc", "value": 16690, "status": "verified", "sourceValue": 16690.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/sbc", "value": 16690, "status": "verified", "sourceValue": 16690.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/sbc", "value": 16690, "status": "verified", "sourceValue": 16690.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 28, row 6: Depreciation and amortization; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/da", "value": 15498, "status": "verified", "sourceValue": 15498.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 28, row 36: Principal payments on finance leases; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/financeLeasePrincipal", "value": 1969, "status": "verified", "sourceValue": 1969.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/financeLeasePrincipal", "value": 1969, "status": "verified", "sourceValue": 1969.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/financeLeasePrincipal", "value": 1969, "status": "verified", "sourceValue": 1969.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 20, row 4: Purchases of property and equipment; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/ppe", "value": 37256, "status": "verified", "sourceValue": 37256.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/capex", "value": 37256, "status": "verified", "sourceValue": 37256.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/capex", "value": 37256, "status": "verified", "sourceValue": 37256.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" }, { "file": "pershing-data.json", "path": "/holdings/@META/priorCapex", "value": 37256, "status": "verified", "sourceValue": 37256.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Table 20, row 6: Free cash flow; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "reported company non-GAAP FCF after lease principal", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/fcf", "value": 52103, "status": "verified", "sourceValue": 52103.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/companyFcf", "value": 52103, "status": "verified", "sourceValue": 52103.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/companyFcf", "value": 52103, "status": "verified", "sourceValue": 52103.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-data.json", "path": "/holdings/@META/priorCompanyFcf", "value": 52103, "status": "verified", "sourceValue": 52103.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "Arithmetic from matching-period inputs; FCF after lease principal", "period": "2024", "currency": "USD", "units": "metric-labelled USDm / percent / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/rlCosts", "value": 19875, "status": "calculated", "sourceValue": 19875, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/capex", "value": 39225, "status": "calculated", "sourceValue": 39225, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/foaMargin", "value": 53.65341381540451, "status": "calculated", "sourceValue": 53.65341381540452, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/fcfMargin", "value": 31.673363687758737, "status": "calculated", "sourceValue": 31.673363687758737, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/capexPctRevenue", "value": 23.84483984899788, "status": "calculated", "sourceValue": 23.84483984899788, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/rlLossPctFoa", "value": 20.352661607870598, "status": "calculated", "sourceValue": 20.352661607870598, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/sbcPctRevenue", "value": 10.145834979726567, "status": "calculated", "sourceValue": 10.145834979726567, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/fcfPerShare", "value": 19.93228768171385, "status": "calculated", "sourceValue": 19.93228768171385, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/adRevenueGrowth", "value": 21.739624700639638, "status": "calculated", "sourceValue": 21.739624700639638, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/dapGrowth", "value": 5.0156739811912265, "status": "calculated", "sourceValue": 5.0156739811912265, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/rlCostsGrowth", "value": 10.31860568383658, "status": "calculated", "sourceValue": 10.31860568383658, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/3/foaProfitGrowth", "value": 38.55195559160822, "status": "calculated", "sourceValue": 38.55195559160822, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "2024", "currency": "not applicable", "units": "billion daily active people", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/dap", "value": 3.35, "status": "verified", "sourceValue": 3.35, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "billion daily active people", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "2024", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/adImpressionsGrowth", "value": 11, "status": "verified", "sourceValue": 11, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "meta-data.json", "path": "/periods/annual/3/adPriceGrowth", "value": 10, "status": "verified", "sourceValue": 10, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/3/metrics/0/value", "value": 11, "status": "verified", "sourceValue": 11, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/3/metrics/1/value", "value": 10, "status": "verified", "sourceValue": 10, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2025/Meta-Reports-Fourth-Quarter-and-Full-Year-2024-Results/default.aspx", "locator": "Non-GAAP reconciliation table 6 row 35; annual/six-month vs quarterly column", "period": "2024", "currency": "not applicable", "units": "percent", "accountingBasis": "reported non-GAAP constant currency", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/3/adRevenueConstantCurrencyGrowth", "value": 22, "status": "verified", "sourceValue": 22.0, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "reported non-GAAP constant currency" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 26, row 3: Revenue; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/revenue", "value": 200966, "status": "verified", "sourceValue": 200966.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/revenue", "value": 200966, "status": "verified", "sourceValue": 200966.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/revenue", "value": 200966, "status": "verified", "sourceValue": 200966.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@META/revenue", "value": 200966, "status": "verified", "sourceValue": 200966.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 26, row 10: Income from operations; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/operatingIncome", "value": 83276, "status": "verified", "sourceValue": 83276.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/operatingIncome", "value": 83276, "status": "verified", "sourceValue": 83276.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/operatingIncome", "value": 83276, "status": "verified", "sourceValue": 83276.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@META/operatingIncome", "value": 83276, "status": "verified", "sourceValue": 83276.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 26, row 6: Research and development; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/researchDevelopment", "value": 57372, "status": "verified", "sourceValue": 57372.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 26, row 20: Diluted; column 1 in numeric sequence", "period": "2025", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/dilutedShares", "value": 2574, "status": "verified", "sourceValue": 2574.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/dilutedShares", "value": 2574, "status": "verified", "sourceValue": 2574.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/dilutedShares", "value": 2574, "status": "verified", "sourceValue": 2574.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 32, row 3: Advertising; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/adRevenue", "value": 196175, "status": "verified", "sourceValue": 196175.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 32, row 5: Family of Apps; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/foaRevenue", "value": 198759, "status": "verified", "sourceValue": 198759.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 32, row 6: Reality Labs; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/rlRevenue", "value": 2207, "status": "verified", "sourceValue": 2207.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 64, row 7: Income from operations; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/foaOperatingIncome", "value": 102469, "status": "verified", "sourceValue": 102469.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/4/metrics/2/value", "value": 102469, "status": "verified", "sourceValue": 102469.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 64, row 13: Loss from operations; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/rlOperatingLoss", "value": 19193, "status": "verified", "sourceValue": 19193.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 29, row 22: Net cash provided by operating activities; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/ocf", "value": 115800, "status": "verified", "sourceValue": 115800.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/ocf", "value": 115800, "status": "verified", "sourceValue": 115800.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/ocf", "value": 115800, "status": "verified", "sourceValue": 115800.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@META/ocf", "value": 115800, "status": "verified", "sourceValue": 115800.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 29, row 7: Share-based compensation; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/sbc", "value": 20427, "status": "verified", "sourceValue": 20427.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/sbc", "value": 20427, "status": "verified", "sourceValue": 20427.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/sbc", "value": 20427, "status": "verified", "sourceValue": 20427.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 29, row 6: Depreciation and amortization; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/da", "value": 18616, "status": "verified", "sourceValue": 18616.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@META/da", "value": 18616, "status": "verified", "sourceValue": 18616.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 29, row 39: Principal payments on finance leases; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/financeLeasePrincipal", "value": 2524, "status": "verified", "sourceValue": 2524.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/financeLeasePrincipal", "value": 2524, "status": "verified", "sourceValue": 2524.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/financeLeasePrincipal", "value": 2524, "status": "verified", "sourceValue": 2524.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 20, row 4: Purchases of property and equipment; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/ppe", "value": 69691, "status": "verified", "sourceValue": 69691.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/capex", "value": 69691, "status": "verified", "sourceValue": 69691.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/capex", "value": 69691, "status": "verified", "sourceValue": 69691.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" }, { "file": "pershing-data.json", "path": "/holdings/@META/capex", "value": 69691, "status": "verified", "sourceValue": 69691.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "PPE net of disposals for FY2021–23; source FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 20, row 6: Free cash flow; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "reported company non-GAAP FCF after lease principal", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/fcf", "value": 43585, "status": "verified", "sourceValue": 43585.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/companyFcf", "value": 43585, "status": "verified", "sourceValue": 43585.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/companyFcf", "value": 43585, "status": "verified", "sourceValue": 43585.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-data.json", "path": "/holdings/@META/companyFcf", "value": 43585, "status": "verified", "sourceValue": 43585.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Arithmetic from matching-period inputs; FCF after lease principal", "period": "2025", "currency": "USD", "units": "metric-labelled USDm / percent / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/rlCosts", "value": 21400, "status": "calculated", "sourceValue": 21400, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/capex", "value": 72215, "status": "calculated", "sourceValue": 72215, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/foaMargin", "value": 51.55439502110596, "status": "calculated", "sourceValue": 51.55439502110596, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/fcfMargin", "value": 21.687748176308432, "status": "calculated", "sourceValue": 21.687748176308432, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/capexPctRevenue", "value": 35.93393907427127, "status": "calculated", "sourceValue": 35.93393907427127, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/rlLossPctFoa", "value": 18.730542895900225, "status": "calculated", "sourceValue": 18.730542895900225, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/sbcPctRevenue", "value": 10.164405919409253, "status": "calculated", "sourceValue": 10.164405919409253, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/fcfPerShare", "value": 16.932789432789434, "status": "calculated", "sourceValue": 16.932789432789434, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/adRevenueGrowth", "value": 22.126213169149555, "status": "calculated", "sourceValue": 22.126213169149555, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/dapGrowth", "value": 6.865671641791038, "status": "calculated", "sourceValue": 6.865671641791038, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/rlCostsGrowth", "value": 7.672955974842766, "status": "calculated", "sourceValue": 7.672955974842766, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/annual/4/foaProfitGrowth", "value": 17.633080393529955, "status": "calculated", "sourceValue": 17.633080393529955, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "2025", "currency": "not applicable", "units": "billion daily active people", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/dap", "value": 3.58, "status": "verified", "sourceValue": 3.58, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "billion daily active people", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "2025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/adImpressionsGrowth", "value": 12, "status": "verified", "sourceValue": 12, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "meta-data.json", "path": "/periods/annual/4/adPriceGrowth", "value": 9, "status": "verified", "sourceValue": 9, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/4/metrics/0/value", "value": 12, "status": "verified", "sourceValue": 12, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/businessHistory/4/metrics/1/value", "value": 9, "status": "verified", "sourceValue": 9, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx", "locator": "Non-GAAP reconciliation table 6 row 35; annual/six-month vs quarterly column", "period": "2025", "currency": "not applicable", "units": "percent", "accountingBasis": "reported non-GAAP constant currency", "statementStatus": "final audited annual statements", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/4/adRevenueConstantCurrencyGrowth", "value": 22, "status": "verified", "sourceValue": 22.0, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "reported non-GAAP constant currency" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 3: Revenue; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/revenue", "value": 89830, "status": "verified", "sourceValue": 89830.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/revenue", "value": 89830, "status": "verified", "sourceValue": 89830.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 10: Income from operations; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/operatingIncome", "value": 37997, "status": "verified", "sourceValue": 37997.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/operatingIncome", "value": 37997, "status": "verified", "sourceValue": 37997.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 6: Research and development; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/researchDevelopment", "value": 25092, "status": "verified", "sourceValue": 25092.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 20: Diluted; column 4 in numeric sequence", "period": "H1 2025", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/dilutedShares", "value": 2580, "status": "verified", "sourceValue": 2580.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/dilutedShares", "value": 2580, "status": "verified", "sourceValue": 2580.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 3: Advertising; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/adRevenue", "value": 87955, "status": "verified", "sourceValue": 87955.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 5: Family of Apps; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/foaRevenue", "value": 89048, "status": "verified", "sourceValue": 89048.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 6: Reality Labs; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/rlRevenue", "value": 782, "status": "verified", "sourceValue": 782.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 26, row 7: Income from operations; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/foaOperatingIncome", "value": 46736, "status": "verified", "sourceValue": 46736.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 26, row 13: Loss from operations; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/rlOperatingLoss", "value": 8739, "status": "verified", "sourceValue": 8739.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 22: Net cash provided by operating activities; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/ocf", "value": 49587, "status": "verified", "sourceValue": 49587.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/ocf", "value": 49587, "status": "verified", "sourceValue": 49587.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 11: Share-based compensation; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/sbc", "value": 8981, "status": "verified", "sourceValue": 8981.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/sbc", "value": 8981, "status": "verified", "sourceValue": 8981.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 10: Depreciation and amortization; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/da", "value": 8242, "status": "verified", "sourceValue": 8242.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 37: Principal payments on finance leases; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/financeLeasePrincipal", "value": 1225, "status": "verified", "sourceValue": 1225.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/financeLeasePrincipal", "value": 1225, "status": "verified", "sourceValue": 1225.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 24: Purchases of property and equipment; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/ppe", "value": 29479, "status": "verified", "sourceValue": 29479.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/capex", "value": 29479, "status": "verified", "sourceValue": 29479.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 7, row 20: Free cash flow; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "reported company non-GAAP FCF after lease principal", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/fcf", "value": 18883, "status": "verified", "sourceValue": 18883.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/companyFcf", "value": 18883, "status": "verified", "sourceValue": 18883.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Arithmetic from matching-period inputs; FCF after lease principal", "period": "H1 2025", "currency": "USD", "units": "metric-labelled USDm / percent / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/rlCosts", "value": 9521, "status": "calculated", "sourceValue": 9521, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/capex", "value": 30704, "status": "calculated", "sourceValue": 30704, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/foaMargin", "value": 52.48405354415596, "status": "calculated", "sourceValue": 52.48405354415596, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/fcfMargin", "value": 21.02081709896471, "status": "calculated", "sourceValue": 21.020817098964713, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/capexPctRevenue", "value": 34.18011800066793, "status": "calculated", "sourceValue": 34.18011800066793, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/rlLossPctFoa", "value": 18.698647723382404, "status": "calculated", "sourceValue": 18.698647723382404, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/sbcPctRevenue", "value": 9.99777357230324, "status": "calculated", "sourceValue": 9.99777357230324, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/fcfPerShare", "value": 7.318992248062015, "status": "calculated", "sourceValue": 7.318992248062015, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "H1 2025", "currency": "not applicable", "units": "billion daily active people", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/dap", "value": 3.48, "status": "verified", "sourceValue": 3.48, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "billion daily active people", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "H1 2025", "currency": "not applicable", "units": "percent", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/adImpressionsGrowth", "value": 8, "status": "verified", "sourceValue": 8, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/adPriceGrowth", "value": 10, "status": "verified", "sourceValue": 10, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2025/Meta-Reports-Second-Quarter-2025-Results/default.aspx", "locator": "Non-GAAP reconciliation table 6 row 15; annual/six-month vs quarterly column", "period": "H1 2025", "currency": "not applicable", "units": "percent", "accountingBasis": "reported non-GAAP constant currency", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/0/adRevenueConstantCurrencyGrowth", "value": 21, "status": "verified", "sourceValue": 21.0, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "reported non-GAAP constant currency" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 3: Revenue; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/revenue", "value": 117111, "status": "verified", "sourceValue": 117111.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/revenue", "value": 117111, "status": "verified", "sourceValue": 117111.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 10: Income from operations; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/operatingIncome", "value": 41647, "status": "verified", "sourceValue": 41647.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/operatingIncome", "value": 41647, "status": "verified", "sourceValue": 41647.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 6: Research and development; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/researchDevelopment", "value": 39354, "status": "verified", "sourceValue": 39354.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 20: Diluted; column 3 in numeric sequence", "period": "H1 2026", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/dilutedShares", "value": 2565, "status": "verified", "sourceValue": 2565.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/dilutedShares", "value": 2565, "status": "verified", "sourceValue": 2565.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 3: Advertising; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/adRevenue", "value": 114387, "status": "verified", "sourceValue": 114387.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 5: Family of Apps; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/foaRevenue", "value": 116278, "status": "verified", "sourceValue": 116278.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 6: Reality Labs; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/rlRevenue", "value": 833, "status": "verified", "sourceValue": 833.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 26, row 7: Income from operations; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/foaOperatingIncome", "value": 50294, "status": "verified", "sourceValue": 50294.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 26, row 13: Loss from operations; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/rlOperatingLoss", "value": 8647, "status": "verified", "sourceValue": 8647.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 22: Net cash provided by operating activities; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/ocf", "value": 64088, "status": "verified", "sourceValue": 64088.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/ocf", "value": 64088, "status": "verified", "sourceValue": 64088.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 11: Share-based compensation; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/sbc", "value": 13690, "status": "verified", "sourceValue": 13690.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/sbc", "value": 13690, "status": "verified", "sourceValue": 13690.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 10: Depreciation and amortization; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/da", "value": 12355, "status": "verified", "sourceValue": 12355.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 37: Principal payments on finance leases; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/financeLeasePrincipal", "value": 1805, "status": "verified", "sourceValue": 1805.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/financeLeasePrincipal", "value": 1805, "status": "verified", "sourceValue": 1805.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 24: Purchases of property and equipment; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/ppe", "value": 49113, "status": "verified", "sourceValue": 49113.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/capex", "value": 49113, "status": "verified", "sourceValue": 49113.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 7, row 20: Free cash flow; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "reported company non-GAAP FCF after lease principal", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/fcf", "value": 13170, "status": "verified", "sourceValue": 13170.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/companyFcf", "value": 13170, "status": "verified", "sourceValue": 13170.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Arithmetic from matching-period inputs; FCF after lease principal", "period": "H1 2026", "currency": "USD", "units": "metric-labelled USDm / percent / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/rlCosts", "value": 9480, "status": "calculated", "sourceValue": 9480, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/capex", "value": 50918, "status": "calculated", "sourceValue": 50918, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/foaMargin", "value": 43.25323792978895, "status": "calculated", "sourceValue": 43.25323792978895, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/fcfMargin", "value": 11.24574121986833, "status": "calculated", "sourceValue": 11.24574121986833, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/capexPctRevenue", "value": 43.47840937230491, "status": "calculated", "sourceValue": 43.4784093723049, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/rlLossPctFoa", "value": 17.19290571439933, "status": "calculated", "sourceValue": 17.19290571439933, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/sbcPctRevenue", "value": 11.689764411541187, "status": "calculated", "sourceValue": 11.689764411541187, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/fcfPerShare", "value": 5.1345029239766085, "status": "calculated", "sourceValue": 5.1345029239766085, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/adRevenueGrowth", "value": 30.051730998806203, "status": "calculated", "sourceValue": 30.051730998806203, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/dapGrowth", "value": 3.4482758620689724, "status": "calculated", "sourceValue": 3.4482758620689724, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/rlCostsGrowth", "value": -0.4306270349753172, "status": "calculated", "sourceValue": -0.4306270349753172, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/foaProfitGrowth", "value": 7.612975008558709, "status": "calculated", "sourceValue": 7.612975008558709, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "H1 2026", "currency": "not applicable", "units": "billion daily active people", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/dap", "value": 3.6, "status": "verified", "sourceValue": 3.6, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "billion daily active people", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "H1 2026", "currency": "not applicable", "units": "percent", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/adImpressionsGrowth", "value": 16, "status": "verified", "sourceValue": 16, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/adPriceGrowth", "value": 12, "status": "verified", "sourceValue": 12, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 7, row 13: Advertising revenue excluding foreign exchange effect; column 2 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "non-GAAP constant currency", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/adRevenueConstantCurrency", "value": 111959, "status": "verified", "sourceValue": 111959.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "non-GAAP constant currency" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Non-GAAP reconciliation table 7 row 15; annual/six-month vs quarterly column", "period": "H1 2026", "currency": "not applicable", "units": "percent", "accountingBasis": "reported non-GAAP constant currency", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/halfYear/1/adRevenueConstantCurrencyGrowth", "value": 27, "status": "verified", "sourceValue": 27.0, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "reported non-GAAP constant currency" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 3: Revenue; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/revenue", "value": 47516, "status": "verified", "sourceValue": 47516.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 10: Income from operations; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/operatingIncome", "value": 20441, "status": "verified", "sourceValue": 20441.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 6: Research and development; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/researchDevelopment", "value": 12942, "status": "verified", "sourceValue": 12942.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 20: Diluted; column 2 in numeric sequence", "period": "Q2 2025", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/dilutedShares", "value": 2570, "status": "verified", "sourceValue": 2570.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 3: Advertising; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/adRevenue", "value": 46563, "status": "verified", "sourceValue": 46563.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 5: Family of Apps; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/foaRevenue", "value": 47146, "status": "verified", "sourceValue": 47146.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 6: Reality Labs; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/rlRevenue", "value": 370, "status": "verified", "sourceValue": 370.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 26, row 7: Income from operations; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/foaOperatingIncome", "value": 24971, "status": "verified", "sourceValue": 24971.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/latestMetrics/2/prior", "value": 24971, "status": "verified", "sourceValue": 24971.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 26, row 13: Loss from operations; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/rlOperatingLoss", "value": 4530, "status": "verified", "sourceValue": 4530.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 22: Net cash provided by operating activities; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/ocf", "value": 25561, "status": "verified", "sourceValue": 25561.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 11: Share-based compensation; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/sbc", "value": 4834, "status": "verified", "sourceValue": 4834.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 10: Depreciation and amortization; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/da", "value": 4342, "status": "verified", "sourceValue": 4342.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 37: Principal payments on finance leases; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/financeLeasePrincipal", "value": 474, "status": "verified", "sourceValue": 474.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 24: Purchases of property and equipment; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/ppe", "value": 16538, "status": "verified", "sourceValue": 16538.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 7, row 20: Free cash flow; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "reported company non-GAAP FCF after lease principal", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/fcf", "value": 8549, "status": "verified", "sourceValue": 8549.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Arithmetic from matching-period inputs; FCF after lease principal", "period": "Q2 2025", "currency": "USD", "units": "metric-labelled USDm / percent / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/rlCosts", "value": 4900, "status": "calculated", "sourceValue": 4900, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/0/capex", "value": 17012, "status": "calculated", "sourceValue": 17012, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/0/foaMargin", "value": 52.96525686166377, "status": "calculated", "sourceValue": 52.96525686166377, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/0/fcfMargin", "value": 17.991834329489013, "status": "calculated", "sourceValue": 17.991834329489016, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/0/capexPctRevenue", "value": 35.80267699301288, "status": "calculated", "sourceValue": 35.80267699301288, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/0/rlLossPctFoa", "value": 18.141043610588284, "status": "calculated", "sourceValue": 18.14104361058828, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/0/sbcPctRevenue", "value": 10.173415270645677, "status": "calculated", "sourceValue": 10.173415270645677, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/0/fcfPerShare", "value": 3.3264591439688718, "status": "calculated", "sourceValue": 3.3264591439688718, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "Q2 2025", "currency": "not applicable", "units": "billion daily active people", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/dap", "value": 3.48, "status": "verified", "sourceValue": 3.48, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "billion daily active people", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "Q2 2025", "currency": "not applicable", "units": "percent", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/adImpressionsGrowth", "value": 11, "status": "verified", "sourceValue": 11, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "meta-data.json", "path": "/periods/quarterly/0/adPriceGrowth", "value": 9, "status": "verified", "sourceValue": 9, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "MD&A Average revenue per person; Q2 $16.86 vs $13.65", "period": "Q2 2025", "currency": "USD", "units": "USD per daily-active person", "accountingBasis": "issuer metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/arpp", "value": 13.65, "status": "verified", "sourceValue": 13.65, "notes": "", "unit": "USD per daily-active person", "currency": "USD", "accountingBasis": "issuer metric" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2025/Meta-Reports-Second-Quarter-2025-Results/default.aspx", "locator": "Non-GAAP reconciliation table 6 row 15; annual/six-month vs quarterly column", "period": "Q2 2025", "currency": "not applicable", "units": "percent", "accountingBasis": "reported non-GAAP constant currency", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/0/adRevenueConstantCurrencyGrowth", "value": 22, "status": "verified", "sourceValue": 22.0, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "reported non-GAAP constant currency" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 3: Revenue; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/revenue", "value": 60801, "status": "verified", "sourceValue": 60801.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 10: Income from operations; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/operatingIncome", "value": 18775, "status": "verified", "sourceValue": 18775.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 6: Research and development; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/researchDevelopment", "value": 21656, "status": "verified", "sourceValue": 21656.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 20: Diluted; column 1 in numeric sequence", "period": "Q2 2026", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/dilutedShares", "value": 2566, "status": "verified", "sourceValue": 2566.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 3: Advertising; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/adRevenue", "value": 59363, "status": "verified", "sourceValue": 59363.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 5: Family of Apps; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/foaRevenue", "value": 60370, "status": "verified", "sourceValue": 60370.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 11, row 6: Reality Labs; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/rlRevenue", "value": 431, "status": "verified", "sourceValue": 431.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 26, row 7: Income from operations; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/foaOperatingIncome", "value": 23394, "status": "verified", "sourceValue": 23394.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/latestMetrics/2/value", "value": 23394, "status": "verified", "sourceValue": 23394.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 26, row 13: Loss from operations; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/rlOperatingLoss", "value": 4619, "status": "verified", "sourceValue": 4619.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 22: Net cash provided by operating activities; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/ocf", "value": 31862, "status": "verified", "sourceValue": 31862.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 11: Share-based compensation; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/sbc", "value": 7658, "status": "verified", "sourceValue": 7658.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 10: Depreciation and amortization; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/da", "value": 6356, "status": "verified", "sourceValue": 6356.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 37: Principal payments on finance leases; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/financeLeasePrincipal", "value": 962, "status": "verified", "sourceValue": 962.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 5, row 24: Purchases of property and equipment; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/ppe", "value": 30116, "status": "verified", "sourceValue": 30116.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 7, row 20: Free cash flow; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "reported company non-GAAP FCF after lease principal", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/fcf", "value": 784, "status": "verified", "sourceValue": 784.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported company non-GAAP FCF after lease principal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Arithmetic from matching-period inputs; FCF after lease principal", "period": "Q2 2026", "currency": "USD", "units": "metric-labelled USDm / percent / USD per diluted share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/rlCosts", "value": 5050, "status": "calculated", "sourceValue": 5050, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/capex", "value": 31078, "status": "calculated", "sourceValue": 31078, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/foaMargin", "value": 38.75103528242504, "status": "calculated", "sourceValue": 38.75103528242504, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/fcfMargin", "value": 1.2894524761105903, "status": "calculated", "sourceValue": 1.2894524761105903, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/capexPctRevenue", "value": 51.11429088337363, "status": "calculated", "sourceValue": 51.11429088337363, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/rlLossPctFoa", "value": 19.744378900572798, "status": "calculated", "sourceValue": 19.744378900572794, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/sbcPctRevenue", "value": 12.59518757915166, "status": "calculated", "sourceValue": 12.59518757915166, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/fcfPerShare", "value": 0.3055339049103663, "status": "calculated", "sourceValue": 0.3055339049103663, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/adRevenueGrowth", "value": 27.48963769516568, "status": "calculated", "sourceValue": 27.48963769516568, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/dapGrowth", "value": 3.4482758620689724, "status": "calculated", "sourceValue": 3.4482758620689724, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/rlCostsGrowth", "value": 3.0612244897959107, "status": "calculated", "sourceValue": 3.0612244897959107, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/foaProfitGrowth", "value": -6.31532577790237, "status": "calculated", "sourceValue": -6.31532577790237, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "Q2 2026", "currency": "not applicable", "units": "billion daily active people", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/dap", "value": 3.6, "status": "verified", "sourceValue": 3.6, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "billion daily active people", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "MD&A Family metrics / advertising revenue discussion; December DAP for annual and June DAP for interim; matched annual vs quarter/half-year growth", "period": "Q2 2026", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "issuer operational estimate", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/adImpressionsGrowth", "value": 14, "status": "verified", "sourceValue": 14, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "meta-data.json", "path": "/periods/quarterly/1/adPriceGrowth", "value": 12, "status": "verified", "sourceValue": 12, "notes": "Source explicitly states DAP level or period-specific impression/price percentage; DAP is reporting-period point estimate, not average over full year.", "unit": "percent", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/latestMetrics/0/value", "value": 14, "status": "verified", "sourceValue": 14, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/latestMetrics/1/value", "value": 12, "status": "verified", "sourceValue": 12, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "issuer operational estimate" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "MD&A Average revenue per person; Q2 $16.86 vs $13.65", "period": "Q2 2026", "currency": "USD", "units": "USD per daily-active person", "accountingBasis": "issuer metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/arpp", "value": 16.86, "status": "verified", "sourceValue": 16.86, "notes": "", "unit": "USD per daily-active person", "currency": "USD", "accountingBasis": "issuer metric" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Table 7, row 13: Advertising revenue excluding foreign exchange effect; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "non-GAAP constant currency", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/adRevenueConstantCurrency", "value": 58670, "status": "verified", "sourceValue": 58670.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "non-GAAP constant currency" } ] }, { "sourceUrl": "https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx", "locator": "Non-GAAP reconciliation table 7 row 15; annual/six-month vs quarterly column", "period": "Q2 2026", "currency": "not applicable", "units": "percent", "accountingBasis": "reported non-GAAP constant currency", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "meta-data.json", "path": "/periods/quarterly/1/adRevenueConstantCurrencyGrowth", "value": 26, "status": "verified", "sourceValue": 26.0, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "reported non-GAAP constant currency" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 14: Net income; column 3 in numeric sequence", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/netIncome", "value": 39370, "status": "verified", "sourceValue": 39370.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 17: Diluted; column 3 in numeric sequence", "period": "FY2021", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/eps", "value": 13.77, "status": "verified", "sourceValue": 13.77, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 33: Repurchases of Class A common stock; column 3 in numeric sequence", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/buybacksCash", "value": 44537, "status": "verified", "sourceValue": 44537.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "OCF−PPE; finance-lease principal excluded in this labelled proxy", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "historical cash subtotal", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/fcf", "value": 38993, "status": "calculated", "sourceValue": 38993, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical cash subtotal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 43: Cash and cash equivalents; column 3 in numeric sequence", "period": "2021-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/cash", "value": 16601, "status": "verified", "sourceValue": 16601.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Consolidated equity statement December 2021 closing shares", "period": "2021-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/periodEndShares", "value": 2741, "status": "verified", "sourceValue": 2741.0, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Equity statement 2021 closing total", "period": "2021-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/equity", "value": 124879, "status": "verified", "sourceValue": 124879.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Debt less cash / equity divided by actual ending shares", "period": "2021-12-31", "currency": "USD", "units": "USDm or USD per share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/netDebt", "value": -16601, "status": "calculated", "sourceValue": -16601, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/0/bookValuePS", "value": 45.55964976286027, "status": "calculated", "sourceValue": 45.55964976286027, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 14: Net income; column 2 in numeric sequence", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/netIncome", "value": 23200, "status": "verified", "sourceValue": 23200.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 27, row 17: Diluted; column 2 in numeric sequence", "period": "FY2022", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/eps", "value": 8.59, "status": "verified", "sourceValue": 8.59, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 30, row 33: Repurchases of Class A common stock; column 2 in numeric sequence", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/buybacksCash", "value": 27956, "status": "verified", "sourceValue": 27956.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "OCF−PPE; finance-lease principal excluded in this labelled proxy", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "historical cash subtotal", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/fcf", "value": 19044, "status": "calculated", "sourceValue": 19044, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical cash subtotal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 26, row 5: Cash and cash equivalents; column 2 in numeric sequence", "period": "2022-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/cash", "value": 14681, "status": "verified", "sourceValue": 14681.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 26, row 35: Total stockholders' equity; column 2 in numeric sequence", "period": "2022-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/equity", "value": 125713, "status": "verified", "sourceValue": 125713.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 26, row 26: Long-term debt; column 2 in numeric sequence", "period": "2022-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/debt", "value": 9923, "status": "verified", "sourceValue": 9923.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Consolidated equity statement December 2022 closing shares", "period": "2022-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/periodEndShares", "value": 2614, "status": "verified", "sourceValue": 2614.0, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Debt less cash / equity divided by actual ending shares", "period": "2022-12-31", "currency": "USD", "units": "USDm or USD per share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/netDebt", "value": -4758, "status": "calculated", "sourceValue": -4758, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/1/bookValuePS", "value": 48.09219586840092, "status": "calculated", "sourceValue": 48.09219586840092, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 26, row 14: Net income; column 3 in numeric sequence", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/netIncome", "value": 39098, "status": "verified", "sourceValue": 39098.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/earlierAnnual/netIncome", "value": 39098, "status": "verified", "sourceValue": 39098.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 26, row 17: Diluted; column 3 in numeric sequence", "period": "FY2023", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/eps", "value": 14.87, "status": "verified", "sourceValue": 14.87, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/earlierAnnual/eps", "value": 14.87, "status": "verified", "sourceValue": 14.87, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 29, row 36: Repurchases of Class A common stock; column 3 in numeric sequence", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/buybacksCash", "value": 19774, "status": "verified", "sourceValue": 19774.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "OCF−PPE; finance-lease principal excluded in this labelled proxy", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "historical cash subtotal", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/fcf", "value": 43847, "status": "calculated", "sourceValue": 43847, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical cash subtotal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/earlierAnnual/fcf", "value": 44068, "status": "calculated", "sourceValue": 44068, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical cash subtotal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 26, row 5: Cash and cash equivalents; column 1 in numeric sequence", "period": "2023-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/cash", "value": 41862, "status": "verified", "sourceValue": 41862.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 26, row 35: Total stockholders' equity; column 1 in numeric sequence", "period": "2023-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/equity", "value": 153168, "status": "verified", "sourceValue": 153168.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "locator": "Table 26, row 26: Long-term debt; column 1 in numeric sequence", "period": "2023-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/debt", "value": 18385, "status": "verified", "sourceValue": 18385.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Consolidated equity statement December 2023 closing shares", "period": "2023-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/periodEndShares", "value": 2561, "status": "verified", "sourceValue": 2561.0, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Debt less cash / equity divided by actual ending shares", "period": "2023-12-31", "currency": "USD", "units": "USDm or USD per share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/netDebt", "value": -23477, "status": "calculated", "sourceValue": -23477, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/2/bookValuePS", "value": 59.80788754392815, "status": "calculated", "sourceValue": 59.80788754392815, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 26, row 14: Net income; column 2 in numeric sequence", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/netIncome", "value": 62360, "status": "verified", "sourceValue": 62360.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/netIncome", "value": 62360, "status": "verified", "sourceValue": 62360.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 26, row 17: Diluted; column 2 in numeric sequence", "period": "FY2024", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/eps", "value": 23.86, "status": "verified", "sourceValue": 23.86, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/eps", "value": 23.86, "status": "verified", "sourceValue": 23.86, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 29, row 36: Repurchases of Class A common stock; column 2 in numeric sequence", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/buybacksCash", "value": 30125, "status": "verified", "sourceValue": 30125.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/buybacksCash", "value": 30125, "status": "verified", "sourceValue": 30125.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "OCF−PPE; finance-lease principal excluded in this labelled proxy", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "historical cash subtotal", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/fcf", "value": 54072, "status": "calculated", "sourceValue": 54072, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical cash subtotal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/fcf", "value": 54072, "status": "calculated", "sourceValue": 54072, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical cash subtotal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 25, row 5: Cash and cash equivalents; column 2 in numeric sequence", "period": "2024-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/cash", "value": 43889, "status": "verified", "sourceValue": 43889.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/cash", "value": 43889, "status": "verified", "sourceValue": 43889.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 25, row 34: Total stockholders' equity; column 2 in numeric sequence", "period": "2024-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/equity", "value": 182637, "status": "verified", "sourceValue": 182637.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 25, row 24: Long-term debt; column 2 in numeric sequence", "period": "2024-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/debt", "value": 28826, "status": "verified", "sourceValue": 28826.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/debt", "value": 28826, "status": "verified", "sourceValue": 28826.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Consolidated equity statement December 2024 closing shares", "period": "2024-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/periodEndShares", "value": 2534, "status": "verified", "sourceValue": 2534.0, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/periodEndShares", "value": 2534, "status": "verified", "sourceValue": 2534.0, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Debt less cash / equity divided by actual ending shares", "period": "2024-12-31", "currency": "USD", "units": "USDm or USD per share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/netDebt", "value": -15063, "status": "calculated", "sourceValue": -15063, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/3/bookValuePS", "value": 72.07458563535911, "status": "calculated", "sourceValue": 72.07458563535911, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/netDebt", "value": -15063, "status": "calculated", "sourceValue": -15063, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/priorAnnual/bookValuePS", "value": 72.07458563535911, "status": "calculated", "sourceValue": 72.07458563535911, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 26, row 14: Net income; column 1 in numeric sequence", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/netIncome", "value": 60458, "status": "verified", "sourceValue": 60458.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/netIncome", "value": 60458, "status": "verified", "sourceValue": 60458.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 26, row 17: Diluted; column 1 in numeric sequence", "period": "FY2025", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/eps", "value": 23.49, "status": "verified", "sourceValue": 23.49, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/eps", "value": 23.49, "status": "verified", "sourceValue": 23.49, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@META/eps", "value": 23.49, "status": "verified", "sourceValue": 23.49, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 29, row 36: Repurchases of Class A common stock; column 1 in numeric sequence", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/buybacksCash", "value": 26248, "status": "verified", "sourceValue": 26248.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/buybacksCash", "value": 26248, "status": "verified", "sourceValue": 26248.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "OCF−PPE; finance-lease principal excluded in this labelled proxy", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "historical cash subtotal", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/fcf", "value": 46109, "status": "calculated", "sourceValue": 46109, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical cash subtotal" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/fcf", "value": 46109, "status": "calculated", "sourceValue": 46109, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical cash subtotal" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 25, row 5: Cash and cash equivalents; column 1 in numeric sequence", "period": "2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/cash", "value": 35873, "status": "verified", "sourceValue": 35873.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/cash", "value": 35873, "status": "verified", "sourceValue": 35873.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 25, row 34: Total stockholders' equity; column 1 in numeric sequence", "period": "2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/equity", "value": 217243, "status": "verified", "sourceValue": 217243.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@META/equity", "value": 217243, "status": "verified", "sourceValue": 217243.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Table 25, row 24: Long-term debt; column 1 in numeric sequence", "period": "2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/debt", "value": 58744, "status": "verified", "sourceValue": 58744.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/debt", "value": 58744, "status": "verified", "sourceValue": 58744.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Consolidated equity statement December 2025 closing shares", "period": "2025-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/periodEndShares", "value": 2530, "status": "verified", "sourceValue": 2530.0, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/periodEndShares", "value": 2530, "status": "verified", "sourceValue": 2530.0, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "pershing-data.json", "path": "/holdings/@META/shares", "value": 2530, "status": "verified", "sourceValue": 2530.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Debt less cash / equity divided by actual ending shares", "period": "2025-12-31", "currency": "USD", "units": "USDm or USD per share", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/netDebt", "value": 22871, "status": "calculated", "sourceValue": 22871, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/history/4/bookValuePS", "value": 85.86679841897234, "status": "calculated", "sourceValue": 85.86679841897234, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/netDebt", "value": 22871, "status": "calculated", "sourceValue": 22871, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/annual/bookValuePS", "value": 85.86679841897234, "status": "calculated", "sourceValue": 85.86679841897234, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 14: Net income; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim filing", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/netIncome", "value": 42621, "status": "verified", "sourceValue": 42621.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 17: Diluted; column 3 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim filing", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/eps", "value": 16.62, "status": "verified", "sourceValue": 16.62, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 9, row 34: Repurchases of Class A common stock; column 1 in numeric sequence", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim filing", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/buybacksCash", "value": 0, "status": "verified", "sourceValue": 0.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/cashAdjustments/2/value", "value": 0, "status": "verified", "sourceValue": 0.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "OCF−PPE; separately labelled lease-excluding proxy", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/current/fcf", "value": 14975, "status": "calculated", "sourceValue": 14975, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 14: Net income; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim filing", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/netIncome", "value": 34981, "status": "verified", "sourceValue": 34981.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 6, row 17: Diluted; column 4 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD per share", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim filing", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/eps", "value": 13.56, "status": "verified", "sourceValue": 13.56, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Table 9, row 34: Repurchases of Class A common stock; column 2 in numeric sequence", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim filing", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/buybacksCash", "value": 22921, "status": "verified", "sourceValue": 22921.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "OCF−PPE; separately labelled lease-excluding proxy", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ytd/prior/fcf", "value": 20108, "status": "calculated", "sourceValue": 20108, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "FY2025 + H1 2026 − H1 2025", "period": "12 months ended 30 June 2026", "currency": "USD", "units": "USD million", "accountingBasis": "historical arithmetic", "statementStatus": "calculation", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ttm/revenue", "value": 228247, "status": "calculated", "sourceValue": 228247, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ttm/ocf", "value": 130301, "status": "calculated", "sourceValue": 130301, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ttm/capex", "value": 89325, "status": "calculated", "sourceValue": 89325, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ttm/fcf", "value": 40976, "status": "calculated", "sourceValue": 40976, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ttm/companyFcf", "value": 37872, "status": "calculated", "sourceValue": 37872, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ttm/netIncome", "value": 68098, "status": "calculated", "sourceValue": 68098, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ttm/operatingIncome", "value": 86926, "status": "calculated", "sourceValue": 86926, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ttm/sbc", "value": 25136, "status": "calculated", "sourceValue": 25136, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ttm/financeLeasePrincipal", "value": 3104, "status": "calculated", "sourceValue": 3104, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@META/ttm/buybacksCash", "value": 3327, "status": "calculated", "sourceValue": 3327, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "MD&A ARPP chart and annual ARPP narrative; 2023 recast daily-person basis", "period": "FY2023", "currency": "USD", "units": "USD per daily-active person", "accountingBasis": "issuer operational metric", "statementStatus": "annual disclosure", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/arpp", "value": 43.15, "status": "calculated", "sourceValue": 43.15, "notes": "", "unit": "USD per daily-active person", "currency": "USD", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "MD&A quarterly ARPP chart; recast daily-person basis", "period": "Q12023", "currency": "USD", "units": "USD per daily-active person", "accountingBasis": "issuer operational metric", "statementStatus": "annual disclosure", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/arppQuarterComponents/0", "value": 9.47, "status": "verified", "sourceValue": 9.47, "notes": "", "unit": "USD per daily-active person", "currency": "USD", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "MD&A quarterly ARPP chart; recast daily-person basis", "period": "Q22023", "currency": "USD", "units": "USD per daily-active person", "accountingBasis": "issuer operational metric", "statementStatus": "annual disclosure", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/arppQuarterComponents/1", "value": 10.42, "status": "verified", "sourceValue": 10.42, "notes": "", "unit": "USD per daily-active person", "currency": "USD", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "MD&A quarterly ARPP chart; recast daily-person basis", "period": "Q32023", "currency": "USD", "units": "USD per daily-active person", "accountingBasis": "issuer operational metric", "statementStatus": "annual disclosure", "checks": [ { "file": "meta-data.json", "path": "/periods/annual/2/arppQuarterComponents/2", "value": 10.93, "status": "verified", "sourceValue": 10.93, "notes": "", "unit": "USD per daily-active person", "currency": "USD", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "locator": "MD&A quarterly ARPP chart; 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pp5–7 engagement and ads performance", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "meta-data.json", "pathOrText": "/observations/3", "claim": "Threads monthly active users: Passed 500m (Q2 2026 call milestone); Monthly, not daily; no standalone revenue or profit series.", "verdict": "verified", "sourceUrl": "https://s21.q4cdn.com/399680738/files/doc_financials/2026/q2/META-Q2-2026-Earnings-Call-Transcript.pdf", "locator": "Q2 call: p1 Threads; pp5–7 engagement and ads performance", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "meta.html", "pathOrText": "Threads and messaging", "claim": "Threads passed500m monthly active users and advertising expanded globally; paid WhatsApp messaging included in FoA other revenue.", "verdict": "verified", "sourceUrl": "https://s21.q4cdn.com/399680738/files/doc_financials/2026/q2/META-Q2-2026-Earnings-Call-Transcript.pdf", "locator": "CEO opening remarks; monetisation/other revenue discussion", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "meta.html", "pathOrText": "Management incentives and control", "claim": "Zuckerberg60.8% voting power as of1 April2026;2025 salary$1,no bonus/equity award; separate security/other compensation. Other named executives target bonus200% eligible base pay.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026025532/meta-20260416.htm", "locator": "Beneficial ownership table; compensation discussion and summary compensation table", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "meta.html", "pathOrText": "New AI products", "claim": "September2026 Muse introduced as task-performing agent, free access with subscription plans.", "verdict": "verified", "sourceUrl": "https://about.fb.com/news/2026/09/introducing-muse-personal-ai-agent/", "locator": "8 September2026 announcement; How It Works and Looking Ahead; web retrieval lines249–287", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "meta.html", "pathOrText": "New AI products", "claim": "October2026 Muse Wonder models announced with developer/API distribution.", "verdict": "verified", "sourceUrl": "https://about.fb.com/news/2026/10/introducing-muse-wonder-models/", "locator": "12 October2026 product announcement", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "meta.html", "pathOrText": "Reality Labs: stabilisation or scale?", "claim": "RL costs grew approximately72%2021–2025 and H12026 were0.4% below H12025.", "verdict": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "locator": "Costs = revenue + operating loss; matching annual and half-year inputs", "notes": "Actual calculations: 71.653164%; -0.430627%." }, { "file": "meta.html", "pathOrText": "Flywheel; economics; questions behind numbers", "claim": "Advertising auction, recommendations, network effects, capital allocation and incentives are conditional interpretations; selected conversion tests do not establish complete advertiser ROAS or causal AI profit.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "locator": "Editorial sections and disclosure-limits text", "notes": "No standalone RL capex,Threads profit,new-AI unit-cost or advertising cash-flow series verified because not supplied." } ], "corrections": [], "unresolved": [], "businessClaimLimits": [ "No standalone RL capex,Threads profit,new-AI unit-cost or advertising cash-flow series verified because not supplied." ], "nullReview": { "count": 67, "excludedFromNumericFieldCount": true, "entries": [ { "file": "meta-data.json", "path": "/periods/annual/0/arpp", "value": null, "classification": "noncomparable_historical_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "2021/2022 disclosed ARPP uses monthly people, while this series requires daily-person ARPP; no recast matching basis verified. Do not substitute monthly-person amounts.", "period": "2021" }, { "file": "meta-data.json", "path": "/periods/annual/0/adRevenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "2021" }, { "file": "meta-data.json", "path": "/periods/annual/0/dapGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "2021" }, { "file": "meta-data.json", "path": "/periods/annual/0/rlCostsGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "2021" }, { "file": "meta-data.json", "path": "/periods/annual/0/foaProfitGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "2021" }, { "file": "meta-data.json", "path": "/periods/annual/0/timePerUser", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2021" }, { "file": "meta-data.json", "path": "/periods/annual/0/advertiserRoas", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2021" }, { "file": "meta-data.json", "path": "/periods/annual/0/rlCapex", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2021" }, { "file": "meta-data.json", "path": "/periods/annual/0/advertisingFcf", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2021" }, { "file": "meta-data.json", "path": "/periods/annual/0/aiProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2021" }, { "file": "meta-data.json", "path": "/periods/annual/1/arpp", "value": null, "classification": "noncomparable_historical_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "2021/2022 disclosed ARPP uses monthly people, while this series requires daily-person ARPP; no recast matching basis verified. Do not substitute monthly-person amounts.", "period": "2022" }, { "file": "meta-data.json", "path": "/periods/annual/1/timePerUser", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2022" }, { "file": "meta-data.json", "path": "/periods/annual/1/advertiserRoas", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2022" }, { "file": "meta-data.json", "path": "/periods/annual/1/rlCapex", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2022" }, { "file": "meta-data.json", "path": "/periods/annual/1/advertisingFcf", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2022" }, { "file": "meta-data.json", "path": "/periods/annual/1/aiProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2022" }, { "file": "meta-data.json", "path": "/periods/annual/2/timePerUser", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2023" }, { "file": "meta-data.json", "path": "/periods/annual/2/advertiserRoas", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2023" }, { "file": "meta-data.json", "path": "/periods/annual/2/rlCapex", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2023" }, { "file": "meta-data.json", "path": "/periods/annual/2/advertisingFcf", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2023" }, { "file": "meta-data.json", "path": "/periods/annual/2/aiProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2023" }, { "file": "meta-data.json", "path": "/periods/annual/3/ppeGross", "value": null, "classification": "separate_gross_proceeds_breakdown_unavailable", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "sourceValue": null, "notes": "2024/2025 cash-flow purchases and FCF reconciliation agree at37256/69691; older comparatives are net in later filings. No separate gross/disposal-incentive breakdown verified. Do not infer proceeds0 or force gross=net.", "period": "2024" }, { "file": "meta-data.json", "path": "/periods/annual/3/ppeProceeds", "value": null, "classification": "separate_gross_proceeds_breakdown_unavailable", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "sourceValue": null, "notes": "2024/2025 cash-flow purchases and FCF reconciliation agree at37256/69691; older comparatives are net in later filings. No separate gross/disposal-incentive breakdown verified. Do not infer proceeds0 or force gross=net.", "period": "2024" }, { "file": "meta-data.json", "path": "/periods/annual/3/timePerUser", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2024" }, { "file": "meta-data.json", "path": "/periods/annual/3/advertiserRoas", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2024" }, { "file": "meta-data.json", "path": "/periods/annual/3/rlCapex", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2024" }, { "file": "meta-data.json", "path": "/periods/annual/3/advertisingFcf", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2024" }, { "file": "meta-data.json", "path": "/periods/annual/3/aiProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2024" }, { "file": "meta-data.json", "path": "/periods/annual/4/ppeGross", "value": null, "classification": "separate_gross_proceeds_breakdown_unavailable", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "sourceValue": null, "notes": "2024/2025 cash-flow purchases and FCF reconciliation agree at37256/69691; older comparatives are net in later filings. No separate gross/disposal-incentive breakdown verified. Do not infer proceeds0 or force gross=net.", "period": "2025" }, { "file": "meta-data.json", "path": "/periods/annual/4/ppeProceeds", "value": null, "classification": "separate_gross_proceeds_breakdown_unavailable", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "sourceValue": null, "notes": "2024/2025 cash-flow purchases and FCF reconciliation agree at37256/69691; older comparatives are net in later filings. No separate gross/disposal-incentive breakdown verified. Do not infer proceeds0 or force gross=net.", "period": "2025" }, { "file": "meta-data.json", "path": "/periods/annual/4/timePerUser", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2025" }, { "file": "meta-data.json", "path": "/periods/annual/4/advertiserRoas", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2025" }, { "file": "meta-data.json", "path": "/periods/annual/4/rlCapex", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2025" }, { "file": "meta-data.json", "path": "/periods/annual/4/advertisingFcf", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2025" }, { "file": "meta-data.json", "path": "/periods/annual/4/aiProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "2025" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/adRevenueGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "H1 2025" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/dapGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "H1 2025" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/rlCostsGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "H1 2025" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/foaProfitGrowth", "value": null, "classification": "comparison_boundary", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "sourceValue": null, "notes": "Matching earlier-year input is not present in this displayed collection, or membership reporting ceased. Null is intentional; do not compare an adjacent different period. A new prior-year source/input would be required to extend the window.", "period": "H1 2025" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/timePerUser", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "H1 2025" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/advertiserRoas", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "H1 2025" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/rlCapex", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "H1 2025" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/advertisingFcf", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "H1 2025" }, { "file": "meta-data.json", "path": "/periods/halfYear/0/aiProfit", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. Partial engagement examples/segment operating income are different measures.", "period": "H1 2025" }, { "file": "meta-data.json", "path": "/periods/halfYear/1/timePerUser", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm", "sourceValue": null, "notes": "No consistent group-wide per-user time,advertiser ROAS,RL capex,advertising-only FCF or standalone AI profit series in selected filings. 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June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Table 15, row 11: Total Taobao and Tmall Group; numeric column 2, RMB column selected, not USD translation; scope ttg", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/0/variants/2/points/FY2023/value", "value": 413206, "status": "verified", "sourceValue": 413206.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2023/denominator", "value": 413206, "status": "verified", "sourceValue": 413206.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Table 15, row 11: Total Taobao and Tmall Group; numeric column 3, RMB column selected, not USD translation; scope ttg", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/0/variants/2/points/FY2024/value", "value": 434893, "status": "verified", "sourceValue": 434893.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2024/denominator", "value": 434893, "status": "verified", "sourceValue": 434893.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925049400/tm2515233d1_ex99-1.htm", "locator": "Table 58, row 11: Total Taobao and Tmall Group; numeric column 2, RMB column selected, not USD translation; scope ttg", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/0/variants/2/points/FY2025/value", "value": 449827, "status": "verified", "sourceValue": 449827.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2025/denominator", "value": 449827, "status": "verified", "sourceValue": 449827.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923089768/tm2323406d1_ex99-1.htm", "locator": "Table 16, row 12: Total Taobao and Tmall Group; numeric column 1, RMB column selected, not USD translation; scope ttg", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/0/variants/2/points/Jun2022/value", "value": 102517, "status": "verified", "sourceValue": 102517.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2022/denominator", "value": 102517, "status": "verified", "sourceValue": 102517.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 12, row 11: Total Taobao and Tmall Group; numeric column 1, RMB column selected, not USD translation; scope ttg", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/0/variants/2/points/Jun2023/value", "value": 114953, "status": "verified", "sourceValue": 114953.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2023/denominator", "value": 114953, "status": "verified", "sourceValue": 114953.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 12, row 11: Total Taobao and Tmall Group; numeric column 2, RMB column selected, not USD translation; scope ttg", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/0/variants/2/points/Jun2024/value", "value": 113373, "status": "verified", "sourceValue": 113373.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2024/denominator", "value": 113373, "status": "verified", "sourceValue": 113373.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Table 69, row 11: Total China commerce; numeric column 1, RMB column selected, not USD translation; scope old_china", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/0/variants/3/points/FY2022/value", "value": 591580, "status": "verified", "sourceValue": 591580.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/FY2022/denominator", "value": 591580, "status": "verified", "sourceValue": 591580.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Table 69, row 11: Total China commerce; numeric column 3, RMB column selected, not USD translation; scope old_china", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/0/variants/3/points/FY2023/value", "value": 582731, "status": "verified", "sourceValue": 582731.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/FY2023/denominator", "value": 582731, "status": "verified", "sourceValue": 582731.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 26, row 10: Total China commerce; numeric column 1, RMB column selected, not USD translation; scope old_china", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/0/variants/3/points/Jun2021/value", "value": 144029, "status": "verified", "sourceValue": 144029.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/Jun2021/denominator", "value": 144029, "status": "verified", "sourceValue": 144029.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 26, row 10: Total China commerce; numeric column 3, RMB column selected, not USD translation; scope old_china", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/0/variants/3/points/Jun2022/value", "value": 141935, "status": "verified", "sourceValue": 141935.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/Jun2022/denominator", "value": 141935, "status": "verified", "sourceValue": 141935.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 18, row 4: Alibaba E-commerce Group; numeric column 1, RMB column selected, not USD translation; scope combined_2026", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/Jun2025/value", "value": 39988, "status": "verified", "sourceValue": 39988.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-data.json", "path": "/metrics/1/values/0", "value": 39988, "status": "verified", "sourceValue": 39988.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/Jun2025/numerator", "value": 39988, "status": "verified", "sourceValue": 39988.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 18, row 4: Alibaba E-commerce Group; numeric column 2, RMB column selected, not USD translation; scope combined_2026", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/Jun2026/value", "value": 39749, "status": "verified", "sourceValue": 39749.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-data.json", "path": "/metrics/1/values/1", "value": 39749, "status": "verified", "sourceValue": 39749.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/latest/commerce_profit/value", "value": 39749, "status": "verified", "sourceValue": 39749.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/Jun2026/numerator", "value": 39749, "status": "verified", "sourceValue": 39749.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Table 21, row 5: Alibaba China E-commerce Group; numeric column 1, RMB column selected, not USD translation; scope china_2025", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/FY2024/value", "value": 186970, "status": "verified", "sourceValue": 186970.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/FY2024/numerator", "value": 186970, "status": "verified", "sourceValue": 186970.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Table 21, row 5: Alibaba China E-commerce Group; numeric column 2, RMB column selected, not USD translation; scope china_2025", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/FY2025/value", "value": 193223, "status": "verified", "sourceValue": 193223.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/FY2025/numerator", "value": 193223, "status": "verified", "sourceValue": 193223.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Table 21, row 5: Alibaba China E-commerce Group; numeric column 3, RMB column selected, not USD translation; scope china_2025", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/FY2026/value", "value": 107509, "status": "verified", "sourceValue": 107509.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/FY2026/numerator", "value": 107509, "status": "verified", "sourceValue": 107509.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Table 18, row 5: Alibaba China E-commerce Group; numeric column 1, RMB column selected, not USD translation; scope china_2025", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/Jun2024/value", "value": 48753, "status": "verified", "sourceValue": 48753.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/Jun2024/numerator", "value": 48753, "status": "verified", "sourceValue": 48753.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Table 18, row 5: Alibaba China E-commerce Group; numeric column 2, RMB column selected, not USD translation; scope china_2025", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/Jun2025/value", "value": 38389, "status": "verified", "sourceValue": 38389.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/Jun2025/numerator", "value": 38389, "status": "verified", "sourceValue": 38389.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/R61.htm", "locator": "Table 0, row 9: Taobao and Tmall Group; numeric column 1, RMB column selected, not USD translation; scope ttg", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/FY2022/value", "value": 192218, "status": "verified", "sourceValue": 192218.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2022/numerator", "value": 192218, "status": "verified", "sourceValue": 192218.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/R61.htm", "locator": "Table 0, row 9: Taobao and Tmall Group; numeric column 2, RMB column selected, not USD translation; scope ttg", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/FY2023/value", "value": 189140, "status": "verified", "sourceValue": 189140.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2023/numerator", "value": 189140, "status": "verified", "sourceValue": 189140.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/R61.htm", "locator": "Table 0, row 9: Taobao and Tmall Group; numeric column 3, RMB column selected, not USD translation; scope ttg", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/FY2024/value", "value": 194827, "status": "verified", "sourceValue": 194827.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2024/numerator", "value": 194827, "status": "verified", "sourceValue": 194827.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925049400/tm2515233d1_ex99-1.htm", "locator": "Table 61, row 5: Taobao and Tmall Group; numeric column 2, RMB column selected, not USD translation; scope ttg", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/FY2025/value", "value": 196232, "status": "verified", "sourceValue": 196232.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2025/numerator", "value": 196232, "status": "verified", "sourceValue": 196232.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923089768/tm2323406d1_ex99-1.htm", "locator": "Table 18, row 6: Taobao and Tmall Group; numeric column 1, RMB column selected, not USD translation; scope ttg", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/Jun2022/value", "value": 45219, "status": "verified", "sourceValue": 45219.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2022/numerator", "value": 45219, "status": "verified", "sourceValue": 45219.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 16, row 5: Taobao and Tmall Group; numeric column 1, RMB column selected, not USD translation; scope ttg", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/Jun2023/value", "value": 49319, "status": "verified", "sourceValue": 49319.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2023/numerator", "value": 49319, "status": "verified", "sourceValue": 49319.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 16, row 5: Taobao and Tmall Group; numeric column 2, RMB column selected, not USD translation; scope ttg", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/Jun2024/value", "value": 48810, "status": "verified", "sourceValue": 48810.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2024/numerator", "value": 48810, "status": "verified", "sourceValue": 48810.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Table 64, row 12: Adjusted EBITA; numeric column 1, RMB column selected, not USD translation; scope old_china", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/FY2022/value", "value": 182431, "status": "verified", "sourceValue": 182431.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/FY2022/numerator", "value": 182431, "status": "verified", "sourceValue": 182431.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Table 63, row 14: Adjusted EBITA; numeric column 1, RMB column selected, not USD translation; scope old_china", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/FY2023/value", "value": 184862, "status": "verified", "sourceValue": 184862.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/FY2023/numerator", "value": 184862, "status": "verified", "sourceValue": 184862.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 16, row 10: Adjusted EBITA; numeric column 1, RMB column selected, not USD translation; scope old_china", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/Jun2021/value", "value": 50822, "status": "verified", "sourceValue": 50822.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/Jun2021/numerator", "value": 50822, "status": "verified", "sourceValue": 50822.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 15, row 11: Adjusted EBITA; numeric column 1, RMB column selected, not USD translation; scope old_china", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/Jun2022/value", "value": 43574, "status": "verified", "sourceValue": 43574.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/Jun2022/numerator", "value": 43574, "status": "verified", "sourceValue": 43574.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Adjusted EBITA 39988 / revenue 198812 × 100; same variant combined_2026", "period": "Jun2025", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/Jun2025/value", "value": 20.113474035772487, "status": "calculated", "sourceValue": 20.113474035772487, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" }, { "file": "alibaba-data.json", "path": "/metrics/2/values/0", "value": 20.113474035772487, "status": "calculated", "sourceValue": 20.113474035772487, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Adjusted EBITA 39749 / revenue 205862 × 100; same variant combined_2026", "period": "Jun2026", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/Jun2026/value", "value": 19.3085659325179, "status": "calculated", "sourceValue": 19.3085659325179, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" }, { "file": "alibaba-data.json", "path": "/metrics/2/values/1", "value": 19.3085659325179, "status": "calculated", "sourceValue": 19.3085659325179, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" }, { "file": "alibaba-history.json", "path": "/latest/commerce_margin/value", "value": 19.3085659325179, "status": "calculated", "sourceValue": 19.3085659325179, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Adjusted EBITA 186970 / revenue 490101 × 100; same variant china_2025", "period": "FY2024", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/FY2024/value", "value": 38.14927943423906, "status": "calculated", "sourceValue": 38.14927943423906, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Adjusted EBITA 193223 / revenue 508380 × 100; same variant china_2025", "period": "FY2025", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/FY2025/value", "value": 38.00759274558401, "status": "calculated", "sourceValue": 38.00759274558401, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Adjusted EBITA 107509 / revenue 554217 × 100; same variant china_2025", "period": "FY2026", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/FY2026/value", "value": 19.39835840474038, "status": "calculated", "sourceValue": 19.39835840474038, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Adjusted EBITA 48753 / revenue 127670 × 100; same variant china_2025", "period": "Jun2024", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/Jun2024/value", "value": 38.186731416934286, "status": "calculated", "sourceValue": 38.186731416934286, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Adjusted EBITA 38389 / revenue 140072 × 100; same variant china_2025", "period": "Jun2025", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/Jun2025/value", "value": 27.40661945285282, "status": "calculated", "sourceValue": 27.40661945285282, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Adjusted EBITA 192218 / revenue 429930 × 100; same variant ttg", "period": "FY2022", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2022/value", "value": 44.70913869699719, "status": "calculated", "sourceValue": 44.70913869699719, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Adjusted EBITA 189140 / revenue 413206 × 100; same variant ttg", "period": "FY2023", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2023/value", "value": 45.77377869634032, "status": "calculated", "sourceValue": 45.77377869634032, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Adjusted EBITA 194827 / revenue 434893 × 100; same variant ttg", "period": "FY2024", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2024/value", "value": 44.798835575647345, "status": "calculated", "sourceValue": 44.798835575647345, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925049400/tm2515233d1_ex99-1.htm", "locator": "Adjusted EBITA 196232 / revenue 449827 × 100; same variant ttg", "period": "FY2025", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2025/value", "value": 43.62388207021811, "status": "calculated", "sourceValue": 43.62388207021811, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923089768/tm2323406d1_ex99-1.htm", "locator": "Adjusted EBITA 45219 / revenue 102517 × 100; same variant ttg", "period": "Jun2022", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2022/value", "value": 44.108781958114264, "status": "calculated", "sourceValue": 44.108781958114264, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Adjusted EBITA 49319 / revenue 114953 × 100; same variant ttg", "period": "Jun2023", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2023/value", "value": 42.90362148008317, "status": "calculated", "sourceValue": 42.90362148008317, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Adjusted EBITA 48810 / revenue 113373 × 100; same variant ttg", "period": "Jun2024", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2024/value", "value": 43.052578656293825, "status": "calculated", "sourceValue": 43.052578656293825, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Adjusted EBITA 182431 / revenue 591580 × 100; same variant old_china", "period": "FY2022", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/FY2022/value", "value": 30.837925555292607, "status": "calculated", "sourceValue": 30.837925555292607, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Adjusted EBITA 184862 / revenue 582731 × 100; same variant old_china", "period": "FY2023", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/FY2023/value", "value": 31.72338523263736, "status": "calculated", "sourceValue": 31.72338523263736, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Adjusted EBITA 50822 / revenue 144029 × 100; same variant old_china", "period": "Jun2021", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/Jun2021/value", "value": 35.285949357421075, "status": "calculated", "sourceValue": 35.285949357421075, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Adjusted EBITA 43574 / revenue 141935 × 100; same variant old_china", "period": "Jun2022", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/Jun2022/value", "value": 30.699968295346462, "status": "calculated", "sourceValue": 30.699968295346462, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 14, row 6: - Customer management; numeric column 1, RMB column selected, not USD translation; scope combined_2026", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/Jun2025/value", "value": 89199, "status": "verified", "sourceValue": 89199.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-data.json", "path": "/metrics/3/values/0", "value": 89199, "status": "verified", "sourceValue": 89199.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 14, row 6: - Customer management; numeric column 2, RMB column selected, not USD translation; scope combined_2026", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/Jun2026/value", "value": 82547, "status": "verified", "sourceValue": 82547.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-data.json", "path": "/metrics/3/values/1", "value": 82547, "status": "verified", "sourceValue": 82547.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/latest/cmr/value", "value": 82547, "status": "verified", "sourceValue": 82547.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Table 15, row 7: - Customer management; numeric column 1, RMB column selected, not USD translation; scope china_2025", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/FY2024/value", "value": 307950, "status": "verified", "sourceValue": 307950.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Table 15, row 7: - Customer management; numeric column 2, RMB column selected, not USD translation; scope china_2025", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/FY2025/value", "value": 326769, "status": "verified", "sourceValue": 326769.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Table 15, row 7: - Customer management; numeric column 3, RMB column selected, not USD translation; scope china_2025", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/FY2026/value", "value": 343867, "status": "verified", "sourceValue": 343867.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Table 13, row 7: - Customer management; numeric column 1, RMB column selected, not USD translation; scope china_2025", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/Jun2024/value", "value": 81088, "status": "verified", "sourceValue": 81088.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Table 13, row 7: - Customer management; numeric column 2, RMB column selected, not USD translation; scope china_2025", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/Jun2025/value", "value": 89252, "status": "verified", "sourceValue": 89252.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Table 15, row 7: - Customer management; numeric column 1, RMB column selected, not USD translation; scope ttg", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/FY2022/value", "value": 316029, "status": "verified", "sourceValue": 316029.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Table 15, row 7: - Customer management; numeric column 2, RMB column selected, not USD translation; scope ttg", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/FY2023/value", "value": 291541, "status": "verified", "sourceValue": 291541.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Table 15, row 7: - Customer management; numeric column 3, RMB column selected, not USD translation; scope ttg", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/FY2024/value", "value": 304009, "status": "verified", "sourceValue": 304009.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925049400/tm2515233d1_ex99-1.htm", "locator": "Table 58, row 7: - Customer management; numeric column 2, RMB column selected, not USD translation; scope ttg", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/FY2025/value", "value": 322346, "status": "verified", "sourceValue": 322346.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923089768/tm2323406d1_ex99-1.htm", "locator": "Table 16, row 8: - Customer management; numeric column 1, RMB column selected, not USD translation; scope ttg", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/Jun2022/value", "value": 72425, "status": "verified", "sourceValue": 72425.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 12, row 7: - Customer management; numeric column 1, RMB column selected, not USD translation; scope ttg", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/Jun2023/value", "value": 79661, "status": "verified", "sourceValue": 79661.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 12, row 7: - Customer management; numeric column 2, RMB column selected, not USD translation; scope ttg", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/Jun2024/value", "value": 80115, "status": "verified", "sourceValue": 80115.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Table 69, row 7: - Customer management; numeric column 1, RMB column selected, not USD translation; scope old_china", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/FY2022/value", "value": 315038, "status": "verified", "sourceValue": 315038.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Table 69, row 7: - Customer management; numeric column 3, RMB column selected, not USD translation; scope old_china", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/FY2023/value", "value": 290378, "status": "verified", "sourceValue": 290378.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 26, row 6: - Customer management; numeric column 1, RMB column selected, not USD translation; scope old_china", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/Jun2021/value", "value": 80397, "status": "verified", "sourceValue": 80397.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 26, row 6: - Customer management; numeric column 3, RMB column selected, not USD translation; scope old_china", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/Jun2022/value", "value": 72263, "status": "verified", "sourceValue": 72263.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 14, row 9: China Quick Commerce (3); numeric column 1, RMB column selected, not USD translation; scope combined_2026", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/4/variants/0/points/Jun2025/value", "value": 36725, "status": "verified", "sourceValue": 36725.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-data.json", "path": "/metrics/4/values/0", "value": 36725, "status": "verified", "sourceValue": 36725.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 14, row 9: China Quick Commerce (3); numeric column 2, RMB column selected, not USD translation; scope combined_2026", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/4/variants/0/points/Jun2026/value", "value": 53295, "status": "verified", "sourceValue": 53295.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-data.json", "path": "/metrics/4/values/1", "value": 53295, "status": "verified", "sourceValue": 53295.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/latest/quick/value", "value": 53295, "status": "verified", "sourceValue": 53295.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Table 15, row 10: Quick commerce (3); numeric column 1, RMB column selected, not USD translation; scope china_2025", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Not the same scope as the current China Quick Commerce line. Older Local Services revenue also included Amap and other businesses and must not substitute for quick commerce.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/4/variants/1/points/FY2024/value", "value": 50852, "status": "verified", "sourceValue": 50852.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Not the same scope as the current China Quick Commerce line. Older Local Services revenue also included Amap and other businesses and must not substitute for quick commerce." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Table 15, row 10: Quick commerce (3); numeric column 2, RMB column selected, not USD translation; scope china_2025", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Not the same scope as the current China Quick Commerce line. Older Local Services revenue also included Amap and other businesses and must not substitute for quick commerce.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/4/variants/1/points/FY2025/value", "value": 53588, "status": "verified", "sourceValue": 53588.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Not the same scope as the current China Quick Commerce line. Older Local Services revenue also included Amap and other businesses and must not substitute for quick commerce." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Table 15, row 10: Quick commerce (3); numeric column 3, RMB column selected, not USD translation; scope china_2025", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Not the same scope as the current China Quick Commerce line. Older Local Services revenue also included Amap and other businesses and must not substitute for quick commerce.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/4/variants/1/points/FY2026/value", "value": 78520, "status": "verified", "sourceValue": 78520.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Not the same scope as the current China Quick Commerce line. Older Local Services revenue also included Amap and other businesses and must not substitute for quick commerce." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Table 13, row 10: Quick commerce (3); numeric column 1, RMB column selected, not USD translation; scope china_2025", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Not the same scope as the current China Quick Commerce line. Older Local Services revenue also included Amap and other businesses and must not substitute for quick commerce.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/4/variants/1/points/Jun2024/value", "value": 13196, "status": "verified", "sourceValue": 13196.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Not the same scope as the current China Quick Commerce line. Older Local Services revenue also included Amap and other businesses and must not substitute for quick commerce." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Table 13, row 10: Quick commerce (3); numeric column 2, RMB column selected, not USD translation; scope china_2025", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Not the same scope as the current China Quick Commerce line. Older Local Services revenue also included Amap and other businesses and must not substitute for quick commerce.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/4/variants/1/points/Jun2025/value", "value": 14784, "status": "verified", "sourceValue": 14784.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Not the same scope as the current China Quick Commerce line. Older Local Services revenue also included Amap and other businesses and must not substitute for quick commerce." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924061145/tm2414429d1_ex99-1.htm", "locator": "Business update; vip; matching fiscal/June period", "period": "FY2024", "currency": "not applicable", "units": "million members", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/5/variants/0/points/FY2024/value", "value": 35, "status": "verified", "sourceValue": 35, "notes": "Source qualifier retained: over; original period statement reviewed.", "unit": "million members", "currency": "not applicable", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925049400/tm2515233d1_ex99-1.htm", "locator": "Business update; vip; matching fiscal/June period", "period": "FY2025", "currency": "not applicable", "units": "million members", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/5/variants/0/points/FY2025/value", "value": 50, "status": "verified", "sourceValue": 50, "notes": "Source qualifier retained: over; original period statement reviewed.", "unit": "million members", "currency": "not applicable", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Business update; vip; matching fiscal/June period", "period": "FY2026", "currency": "not applicable", "units": "million members", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/5/variants/0/points/FY2026/value", "value": 62, "status": "verified", "sourceValue": 62, "notes": "Source qualifier retained: over; original period statement reviewed.", "unit": "million members", "currency": "not applicable", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Business update; vip; matching fiscal/June period", "period": "Jun2022", "currency": "not applicable", "units": "million members", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/5/variants/0/points/Jun2022/value", "value": 25, "status": "verified", "sourceValue": 25, "notes": "Source qualifier retained: ; original period statement reviewed.", "unit": "million members", "currency": "not applicable", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Business update; vip; matching fiscal/June period", "period": "Jun2024", "currency": "not applicable", "units": "million members", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/5/variants/0/points/Jun2024/value", "value": 42, "status": "verified", "sourceValue": 42, "notes": "Source qualifier retained: over; original period statement reviewed.", "unit": "million members", "currency": "not applicable", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Business update; vip; matching fiscal/June period", "period": "Jun2025", "currency": "not applicable", "units": "million members", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/5/variants/0/points/Jun2025/value", "value": 53, "status": "verified", "sourceValue": 53, "notes": "Source qualifier retained: over; original period statement reviewed.", "unit": "million members", "currency": "not applicable", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Business update; vip; matching fiscal/June period", "period": "Jun2026", "currency": "not applicable", "units": "million members", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/5/variants/0/points/Jun2026/value", "value": 64, "status": "verified", "sourceValue": 64, "notes": "Source qualifier retained: approx; original period statement reviewed.", "unit": "million members", "currency": "not applicable", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention." }, { "file": "alibaba-data.json", "path": "/metrics/5/values/1", "value": 64, "status": "verified", "sourceValue": 64, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million members", "currency": "not applicable", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention." }, { "file": "alibaba-history.json", "path": "/latest/vip/value", "value": 64, "status": "verified", "sourceValue": 64, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million members", "currency": "not applicable", "accountingBasis": "Preserve > and approximately qualifiers. Bars with > show disclosed minimum thresholds; exact growth cannot be calculated between lower-bound observations. Missing is not zero and counts are not cohort retention." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Table 15, row 13: Cloud Intelligence Group; numeric column 1, RMB column selected, not USD translation; scope cloud_intelligence", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/0/points/FY2022/value", "value": 102016, "status": "verified", "sourceValue": 102016.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2022/denominator", "value": 102016, "status": "verified", "sourceValue": 102016.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Table 15, row 13: Cloud Intelligence Group; numeric column 2, RMB column selected, not USD translation; scope cloud_intelligence", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/0/points/FY2023/value", "value": 103497, "status": "verified", "sourceValue": 103497.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2023/denominator", "value": 103497, "status": "verified", "sourceValue": 103497.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Table 15, row 13: Cloud Intelligence Group; numeric column 3, RMB column selected, not USD translation; scope cloud_intelligence", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/0/points/FY2024/value", "value": 106374, "status": "verified", "sourceValue": 106374.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2024/denominator", "value": 106374, "status": "verified", "sourceValue": 106374.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925049400/tm2515233d1_ex99-1.htm", "locator": "Table 58, row 18: Cloud Intelligence Group; numeric column 2, RMB column selected, not USD translation; scope cloud_intelligence", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/0/points/FY2025/value", "value": 118028, "status": "verified", "sourceValue": 118028.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2025/denominator", "value": 118028, "status": "verified", "sourceValue": 118028.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Table 56, row 18: Cloud Intelligence Group; numeric column 2, RMB column selected, not USD translation; scope cloud_intelligence", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/0/points/FY2026/value", "value": 158132, "status": "verified", "sourceValue": 158132.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2026/denominator", "value": 158132, "status": "verified", "sourceValue": 158132.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 12, row 13: Cloud Intelligence Group; numeric column 1, RMB column selected, not USD translation; scope cloud_intelligence", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/0/points/Jun2023/value", "value": 25065, "status": "verified", "sourceValue": 25065.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2023/denominator", "value": 25065, "status": "verified", "sourceValue": 25065.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 12, row 13: Cloud Intelligence Group; numeric column 2, RMB column selected, not USD translation; scope cloud_intelligence", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/0/points/Jun2024/value", "value": 26549, "status": "verified", "sourceValue": 26549.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2024/denominator", "value": 26549, "status": "verified", "sourceValue": 26549.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Table 13, row 19: Cloud Intelligence Group; numeric column 2, RMB column selected, not USD translation; scope cloud_intelligence", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/0/points/Jun2025/value", "value": 33398, "status": "verified", "sourceValue": 33398.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2025/denominator", "value": 33398, "status": "verified", "sourceValue": 33398.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 14, row 14: AI Cloud and Compute Services; numeric column 1, RMB column selected, not USD translation; scope cloud_current", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/1/points/Jun2025/value", "value": 33418, "status": "verified", "sourceValue": 33418.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-data.json", "path": "/metrics/6/values/0", "value": 33418, "status": "verified", "sourceValue": 33418.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/Jun2025/denominator", "value": 33418, "status": "verified", "sourceValue": 33418.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 14, row 14: AI Cloud and Compute Services; numeric column 2, RMB column selected, not USD translation; scope cloud_current", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/1/points/Jun2026/value", "value": 48437, "status": "verified", "sourceValue": 48437.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-data.json", "path": "/metrics/6/values/1", "value": 48437, "status": "verified", "sourceValue": 48437.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/latest/cloud_revenue/value", "value": 48437, "status": "verified", "sourceValue": 48437.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/Jun2026/denominator", "value": 48437, "status": "verified", "sourceValue": 48437.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 26, row 19: Cloud; numeric column 1, RMB column selected, not USD translation; scope cloud_legacy_net", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/2/points/Jun2021/value", "value": 16051, "status": "verified", "sourceValue": 16051.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/Jun2021/denominator", "value": 16051, "status": "verified", "sourceValue": 16051.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 26, row 19: Cloud; numeric column 3, RMB column selected, not USD translation; scope cloud_legacy_net", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/6/variants/2/points/Jun2022/value", "value": 17685, "status": "verified", "sourceValue": 17685.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/Jun2022/denominator", "value": 17685, "status": "verified", "sourceValue": 17685.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925049400/tm2515233d1_ex99-1.htm", "locator": "Business update; external; matching fiscal/June period", "period": "FY2025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/7/variants/0/points/FY2025/value", "value": 10, "status": "verified", "sourceValue": 10, "notes": "Source qualifier retained: ; original period statement reviewed.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Business update; external; matching fiscal/June period", "period": "FY2026", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/7/variants/0/points/FY2026/value", "value": 33, "status": "verified", "sourceValue": 33, "notes": "Source qualifier retained: ; original period statement reviewed.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Business update; external; matching fiscal/June period", "period": "Jun2024", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/7/variants/0/points/Jun2024/value", "value": 6, "status": "verified", "sourceValue": 6, "notes": "Source qualifier retained: ; original period statement reviewed.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Business update; external; matching fiscal/June period", "period": "Jun2025", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/7/variants/0/points/Jun2025/value", "value": 26, "status": "verified", "sourceValue": 26, "notes": "Source qualifier retained: ; original period statement reviewed.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Business update; external; matching fiscal/June period", "period": "Jun2026", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/7/variants/1/points/Jun2026/value", "value": 45, "status": "verified", "sourceValue": 45, "notes": "Source qualifier retained: ; original period statement reviewed.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-data.json", "path": "/metrics/7/values/1", "value": 45, "status": "verified", "sourceValue": 45, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/latest/external/value", "value": 45, "status": "verified", "sourceValue": 45, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Business update; external; matching fiscal/June period", "period": "Jun2022", "currency": "not applicable", "units": "percent YoY", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/Jun2022/value", "value": 10, "status": "verified", "sourceValue": 10, "notes": "Source qualifier retained: ; original period statement reviewed.", "unit": "percent YoY", "currency": "not applicable", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Business update; ai_revenue; matching fiscal/June period", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/8/variants/0/points/Jun2026/value", "value": 12376, "status": "verified", "sourceValue": 12376, "notes": "Source qualifier retained: ; original period statement reviewed.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-data.json", "path": "/metrics/8/values/1", "value": 12376, "status": "verified", "sourceValue": 12376, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-history.json", "path": "/latest/ai_revenue/value", "value": 12376, "status": "verified", "sourceValue": 12376, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/R61.htm", "locator": "Table 0, row 10: Cloud Intelligence Group; numeric column 1, RMB column selected, not USD translation; scope cloud_intelligence", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/FY2022/value", "value": 3744, "status": "verified", "sourceValue": 3744.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2022/numerator", "value": 3744, "status": "verified", "sourceValue": 3744.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/R61.htm", "locator": "Table 0, row 10: Cloud Intelligence Group; numeric column 2, RMB column selected, not USD translation; scope cloud_intelligence", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/FY2023/value", "value": 4101, "status": "verified", "sourceValue": 4101.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2023/numerator", "value": 4101, "status": "verified", "sourceValue": 4101.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/R61.htm", "locator": "Table 0, row 10: Cloud Intelligence Group; numeric column 3, RMB column selected, not USD translation; scope cloud_intelligence", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "final annual Form 20-F with recast comparatives", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/FY2024/value", "value": 6121, "status": "verified", "sourceValue": 6121.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2024/numerator", "value": 6121, "status": "verified", "sourceValue": 6121.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925049400/tm2515233d1_ex99-1.htm", "locator": "Table 61, row 7: Cloud Intelligence Group; numeric column 2, RMB column selected, not USD translation; scope cloud_intelligence", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/FY2025/value", "value": 10556, "status": "verified", "sourceValue": 10556.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2025/numerator", "value": 10556, "status": "verified", "sourceValue": 10556.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Table 61, row 6: Cloud Intelligence Group; numeric column 2, RMB column selected, not USD translation; scope cloud_intelligence", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/FY2026/value", "value": 14265, "status": "verified", "sourceValue": 14265.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2026/numerator", "value": 14265, "status": "verified", "sourceValue": 14265.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 16, row 6: Cloud Intelligence Group; numeric column 1, RMB column selected, not USD translation; scope cloud_intelligence", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/Jun2023/value", "value": 916, "status": "verified", "sourceValue": 916.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2023/numerator", "value": 916, "status": "verified", "sourceValue": 916.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 16, row 6: Cloud Intelligence Group; numeric column 2, RMB column selected, not USD translation; scope cloud_intelligence", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/Jun2024/value", "value": 2337, "status": "verified", "sourceValue": 2337.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2024/numerator", "value": 2337, "status": "verified", "sourceValue": 2337.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Table 18, row 7: Cloud Intelligence Group; numeric column 2, RMB column selected, not USD translation; scope cloud_intelligence", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/Jun2025/value", "value": 2954, "status": "verified", "sourceValue": 2954.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2025/numerator", "value": 2954, "status": "verified", "sourceValue": 2954.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 18, row 5: AI Cloud and Compute Services; numeric column 1, RMB column selected, not USD translation; scope cloud_current", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/Jun2025/value", "value": 2419, "status": "verified", "sourceValue": 2419.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-data.json", "path": "/metrics/9/values/0", "value": 2419, "status": "verified", "sourceValue": 2419.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/Jun2025/numerator", "value": 2419, "status": "verified", "sourceValue": 2419.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 18, row 5: AI Cloud and Compute Services; numeric column 2, RMB column selected, not USD translation; scope cloud_current", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/Jun2026/value", "value": 5628, "status": "verified", "sourceValue": 5628.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-data.json", "path": "/metrics/9/values/1", "value": 5628, "status": "verified", "sourceValue": 5628.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/latest/cloud_profit/value", "value": 5628, "status": "verified", "sourceValue": 5628.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/Jun2026/numerator", "value": 5628, "status": "verified", "sourceValue": 5628.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 16, row 10: Adjusted EBITA; numeric column 5, RMB column selected, not USD translation; scope cloud_legacy_net", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/Jun2021/value", "value": 340, "status": "verified", "sourceValue": 340.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/Jun2021/numerator", "value": 340, "status": "verified", "sourceValue": 340.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 15, row 11: Adjusted EBITA; numeric column 5, RMB column selected, not USD translation; scope cloud_legacy_net", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/Jun2022/value", "value": 247, "status": "verified", "sourceValue": 247.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/Jun2022/numerator", "value": 247, "status": "verified", "sourceValue": 247.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Adjusted EBITA 3744 / revenue 102016 × 100; same variant cloud_intelligence", "period": "FY2022", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2022/value", "value": 3.670012547051443, "status": "calculated", "sourceValue": 3.6700125470514426, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Adjusted EBITA 4101 / revenue 103497 × 100; same variant cloud_intelligence", "period": "FY2023", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2023/value", "value": 3.962433693730253, "status": "calculated", "sourceValue": 3.962433693730253, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000095017024063767/baba-20240331.htm", "locator": "Adjusted EBITA 6121 / revenue 106374 × 100; same variant cloud_intelligence", "period": "FY2024", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2024/value", "value": 5.754225656645421, "status": "calculated", "sourceValue": 5.754225656645421, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925049400/tm2515233d1_ex99-1.htm", "locator": "Adjusted EBITA 10556 / revenue 118028 × 100; same variant cloud_intelligence", "period": "FY2025", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2025/value", "value": 8.943640492086624, "status": "calculated", "sourceValue": 8.943640492086624, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Adjusted EBITA 14265 / revenue 158132 × 100; same variant cloud_intelligence", "period": "FY2026", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/FY2026/value", "value": 9.020944527356892, "status": "calculated", "sourceValue": 9.020944527356892, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Adjusted EBITA 916 / revenue 25065 × 100; same variant cloud_intelligence", "period": "Jun2023", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2023/value", "value": 3.6544983044085377, "status": "calculated", "sourceValue": 3.6544983044085377, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Adjusted EBITA 2337 / revenue 26549 × 100; same variant cloud_intelligence", "period": "Jun2024", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2024/value", "value": 8.802591434705638, "status": "calculated", "sourceValue": 8.802591434705638, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "locator": "Adjusted EBITA 2954 / revenue 33398 × 100; same variant cloud_intelligence", "period": "Jun2025", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2025/value", "value": 8.84484100844362, "status": "calculated", "sourceValue": 8.84484100844362, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Adjusted EBITA 2419 / revenue 33418 × 100; same variant cloud_current", "period": "Jun2025", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/Jun2025/value", "value": 7.23861392064157, "status": "calculated", "sourceValue": 7.238613920641571, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" }, { "file": "alibaba-data.json", "path": "/metrics/10/values/0", "value": 7.238613920641571, "status": "calculated", "sourceValue": 7.238613920641571, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Adjusted EBITA 5628 / revenue 48437 × 100; same variant cloud_current", "period": "Jun2026", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/Jun2026/value", "value": 11.619216714495117, "status": "calculated", "sourceValue": 11.619216714495117, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" }, { "file": "alibaba-data.json", "path": "/metrics/10/values/1", "value": 11.619216714495117, "status": "calculated", "sourceValue": 11.619216714495117, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" }, { "file": "alibaba-history.json", "path": "/latest/cloud_margin/value", "value": 11.619216714495117, "status": "calculated", "sourceValue": 11.619216714495117, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Adjusted EBITA 340 / revenue 16051 × 100; same variant cloud_legacy_net", "period": "Jun2021", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/Jun2021/value", "value": 2.118248084231512, "status": "calculated", "sourceValue": 2.118248084231512, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Adjusted EBITA 247 / revenue 17685 × 100; same variant cloud_legacy_net", "period": "Jun2022", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/Jun2022/value", "value": 1.396663839411931, "status": "calculated", "sourceValue": 1.396663839411931, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 18, row 6: AI Labs and Applications; numeric column 1, RMB column selected, not USD translation; scope ai_labs", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/Jun2025/value", "value": -3224, "status": "verified", "sourceValue": -3224.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-data.json", "path": "/metrics/11/values/0", "value": -3224, "status": "verified", "sourceValue": -3224.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 18, row 6: AI Labs and Applications; numeric column 2, RMB column selected, not USD translation; scope ai_labs", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/Jun2026/value", "value": -13861, "status": "verified", "sourceValue": -13861.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-data.json", "path": "/metrics/11/values/1", "value": -13861, "status": "verified", "sourceValue": -13861.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-history.json", "path": "/latest/labs/value", "value": -13861, "status": "verified", "sourceValue": -13861.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922065269/tm2217018d1_ex99-1.htm", "locator": "Table 76, row 8: Sales and marketing expenses; numeric column 3, RMB column selected, not USD translation; scope group_reported", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/12/variants/0/points/FY2022/value", "value": 119799, "status": "verified", "sourceValue": 119799.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Table 90, row 8: Sales and marketing expenses; numeric column 3, RMB column selected, not USD translation; scope group_reported", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/12/variants/0/points/FY2023/value", "value": 103496, "status": "verified", "sourceValue": 103496.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924061145/tm2414429d1_ex99-1.htm", "locator": "Table 87, row 8: Sales and marketing expenses; numeric column 3, RMB column selected, not USD translation; scope group_reported", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/12/variants/0/points/FY2024/value", "value": 115141, "status": "verified", "sourceValue": 115141.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Table 78, row 7: Sales and marketing expenses; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/12/variants/0/points/FY2025/value", "value": 144021, "status": "verified", "sourceValue": 144021.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Table 78, row 7: Sales and marketing expenses; numeric column 3, RMB column selected, not USD translation; scope group_reported", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/12/variants/0/points/FY2026/value", "value": 245023, "status": "verified", "sourceValue": 245023.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 46, row 8: Sales and marketing expenses; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/12/variants/0/points/Jun2021/value", "value": 27036, "status": "verified", "sourceValue": 27036.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 46, row 8: Sales and marketing expenses; numeric column 3, RMB column selected, not USD translation; scope group_reported", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. Lower expense or expense intensity alone is not proof of lower economic spending.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/12/variants/0/points/Jun2022/value", "value": 25578, "status": "verified", "sourceValue": 25578.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. From March 2026, some merchant subsidies moved from sales and marketing expense to deductions from CMR. 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matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Group amount 67678 / group revenue 268953 ×100; revenue source table 7, row 4", "period": "Jun2026", "currency": "not applicable", "units": "percent", "accountingBasis": "historical arithmetic; matched reporting scope", "statementStatus": "calculation", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/15/variants/0/points/Jun2026/value", "value": 25.163504404115216, "status": "calculated", "sourceValue": 25.163504404115216, "notes": "", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" }, { "file": "alibaba-data.json", "path": "/metrics/15/values/1", "value": 25.163504404115216, "status": "calculated", "sourceValue": 25.163504404115216, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" }, { "file": "alibaba-history.json", "path": "/latest/capex_ratio/value", "value": 25.163504404115216, "status": "calculated", "sourceValue": 25.163504404115216, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "percent", "currency": "not applicable", "accountingBasis": "historical arithmetic; matched reporting scope" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924061145/tm2414429d1_ex99-1.htm", "locator": "Table 102, row 5: Net cash provided by operating activities; numeric column 5, RMB column selected, not USD translation; scope group_reported", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/16/variants/0/points/FY2024/value", "value": 182593, "status": "verified", "sourceValue": 182593.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Table 103, row 4: Net cash provided by operating activities; numeric column 4, RMB column selected, not USD translation; scope group_reported", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/16/variants/0/points/FY2025/value", "value": 163509, "status": "verified", "sourceValue": 163509.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Table 103, row 4: Net cash provided by operating activities; numeric column 5, RMB column selected, not USD translation; scope group_reported", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/16/variants/0/points/FY2026/value", "value": 76213, "status": "verified", "sourceValue": 76213.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 57, row 5: Net cash provided by operating activities; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/16/variants/0/points/Jun2021/value", "value": 33603, "status": "verified", "sourceValue": 33603.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 57, row 5: Net cash provided by operating activities; numeric column 2, RMB column selected, not USD translation; scope group_reported", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/16/variants/0/points/Jun2022/value", "value": 33869, "status": "verified", "sourceValue": 33869.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 50, row 5: Net cash provided by operating activities; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/16/variants/0/points/Jun2023/value", "value": 45306, "status": "verified", "sourceValue": 45306.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 50, row 5: Net cash provided by operating activities; numeric column 2, RMB column selected, not USD translation; scope group_reported", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/16/variants/0/points/Jun2024/value", "value": 33636, "status": "verified", "sourceValue": 33636.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 46, row 4: Net cash provided by operating activities; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/16/variants/0/points/Jun2025/value", "value": 20672, "status": "verified", "sourceValue": 20672.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." }, { "file": "alibaba-data.json", "path": "/metrics/16/values/0", "value": 20672, "status": "verified", "sourceValue": 20672.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 46, row 4: Net cash provided by operating activities; numeric column 2, RMB column selected, not USD translation; scope group_reported", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/16/variants/0/points/Jun2026/value", "value": 22945, "status": "verified", "sourceValue": 22945.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." }, { "file": "alibaba-data.json", "path": "/metrics/16/values/1", "value": 22945, "status": "verified", "sourceValue": 22945.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." }, { "file": "alibaba-history.json", "path": "/latest/ocf/value", "value": 22945, "status": "verified", "sourceValue": 22945.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922065269/tm2217018d1_ex99-1.htm", "locator": "Table 116, row 10: Free cash flow; numeric column 5, RMB column selected, not USD translation; scope group_reported", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2022/value", "value": 98874, "status": "verified", "sourceValue": 98874.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922065269/tm2217018d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 5", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2022/reconciliation/ppe_excluding_office_campuses_deduction", "value": -42028, "status": "verified", "sourceValue": -42028.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922065269/tm2217018d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Less: Acquisition of intangible assets; numeric column 5", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2022/reconciliation/intangible_assets_deduction", "value": -15, "status": "verified", "sourceValue": -15.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922065269/tm2217018d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Less: Changes in the consumer protection fund deposits; numeric column 5", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2022/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": -1842, "status": "verified", "sourceValue": -1842.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922065269/tm2217018d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Free cash flow; numeric column 5", "period": "FY2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2022/reconciliation/fcf", "value": 98874, "status": "verified", "sourceValue": 98874.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Table 107, row 10: Free cash flow; numeric column 5, RMB column selected, not USD translation; scope group_reported", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2023/value", "value": 171663, "status": "verified", "sourceValue": 171663.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "FCF reconciliation table 107: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 5", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2023/reconciliation/ppe_excluding_office_campuses_deduction", "value": -30373, "status": "verified", "sourceValue": -30373.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "FCF reconciliation table 107: Less: Purchase of intangible assets (excluding those acquired through acquisitions); numeric column 5", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2023/reconciliation/intangible_assets_deduction", "value": -22, "status": "verified", "sourceValue": -22.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "FCF reconciliation table 107: Less: Changes in the consumer protection fund deposits; numeric column 5", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2023/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": 2306, "status": "verified", "sourceValue": 2306.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "FCF reconciliation table 107: Free cash flow; numeric column 5", "period": "FY2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2023/reconciliation/fcf", "value": 171663, "status": "verified", "sourceValue": 171663.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924061145/tm2414429d1_ex99-1.htm", "locator": "Table 109, row 10: Free cash flow; numeric column 5, RMB column selected, not USD translation; scope group_reported", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2024/value", "value": 156210, "status": "verified", "sourceValue": 156210.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924061145/tm2414429d1_ex99-1.htm", "locator": "FCF reconciliation table 109: Net cash provided by operating activities; numeric column 5", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2024/reconciliation/ocf", "value": 182593, "status": "verified", "sourceValue": 182593.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924061145/tm2414429d1_ex99-1.htm", "locator": "FCF reconciliation table 109: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 5", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2024/reconciliation/ppe_excluding_office_campuses_deduction", "value": -27579, "status": "verified", "sourceValue": -27579.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924061145/tm2414429d1_ex99-1.htm", "locator": "FCF reconciliation table 109: Less: Purchase of intangible assets (excluding those acquired through acquisitions); numeric column 5", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2024/reconciliation/intangible_assets_deduction", "value": -842, "status": "verified", "sourceValue": -842.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924061145/tm2414429d1_ex99-1.htm", "locator": "FCF reconciliation table 109: Less: Changes in the buyer protection fund deposits; numeric column 5", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2024/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": 2038, "status": "verified", "sourceValue": 2038.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924061145/tm2414429d1_ex99-1.htm", "locator": "FCF reconciliation table 109: Free cash flow; numeric column 5", "period": "FY2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2024/reconciliation/fcf", "value": 156210, "status": "verified", "sourceValue": 156210.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Table 116, row 9: Free cash flow; numeric column 4, RMB column selected, not USD translation; scope group_reported", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2025/value", "value": 73870, "status": "verified", "sourceValue": 73870.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Net cash provided by operating activities; numeric column 4", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2025/reconciliation/ocf", "value": 163509, "status": "verified", "sourceValue": 163509.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 4", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2025/reconciliation/ppe_excluding_office_campuses_deduction", "value": -84278, "status": "verified", "sourceValue": -84278.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Less: Purchase of intangible assets (excluding those acquired through acquisitions); numeric column 4", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2025/reconciliation/intangible_assets_deduction", "value": 0, "status": "verified", "sourceValue": 0.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Less: Changes in the buyer protection fund deposits; numeric column 4", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2025/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": -5361, "status": "verified", "sourceValue": -5361.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Free cash flow; numeric column 4", "period": "FY2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2025/reconciliation/fcf", "value": 73870, "status": "verified", "sourceValue": 73870.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Table 116, row 9: Free cash flow; numeric column 5, RMB column selected, not USD translation; scope group_reported", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2026/value", "value": -46609, "status": "verified", "sourceValue": -46609.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Net cash provided by operating activities; numeric column 5", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2026/reconciliation/ocf", "value": 76213, "status": "verified", "sourceValue": 76213.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 5", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2026/reconciliation/ppe_excluding_office_campuses_deduction", "value": -122021, "status": "verified", "sourceValue": -122021.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Less: Purchase of intangible assets (excluding those acquired through acquisitions); numeric column 5", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2026/reconciliation/intangible_assets_deduction", "value": -874, "status": "verified", "sourceValue": -874.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Less: Changes in the buyer protection fund deposits; numeric column 5", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2026/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": 73, "status": "verified", "sourceValue": 73.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "FCF reconciliation table 116: Free cash flow; numeric column 5", "period": "FY2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/FY2026/reconciliation/fcf", "value": -46609, "status": "verified", "sourceValue": -46609.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 70, row 10: Free cash flow; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2021/value", "value": 20683, "status": "verified", "sourceValue": 20683.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "FCF reconciliation table 70: Net cash provided by operating activities; numeric column 1", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2021/reconciliation/ocf", "value": 33603, "status": "verified", "sourceValue": 33603.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "FCF reconciliation table 70: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 1", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2021/reconciliation/ppe_excluding_office_campuses_deduction", "value": -10897, "status": "verified", "sourceValue": -10897.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "FCF reconciliation table 70: Less: Acquisition of intangible assets; numeric column 1", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2021/reconciliation/intangible_assets_deduction", "value": -1, "status": "verified", "sourceValue": -1.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "FCF reconciliation table 70: Less: Changes in the consumer protection fund deposits; numeric column 1", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2021/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": -2022, "status": "verified", "sourceValue": -2022.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "FCF reconciliation table 70: Free cash flow; numeric column 1", "period": "Jun2021", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2021/reconciliation/fcf", "value": 20683, "status": "verified", "sourceValue": 20683.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 70, row 10: Free cash flow; numeric column 2, RMB column selected, not USD translation; scope group_reported", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2022/value", "value": 22173, "status": "verified", "sourceValue": 22173.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "FCF reconciliation table 70: Net cash provided by operating activities; numeric column 2", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2022/reconciliation/ocf", "value": 33869, "status": "verified", "sourceValue": 33869.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "FCF reconciliation table 70: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 2", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2022/reconciliation/ppe_excluding_office_campuses_deduction", "value": -11110, "status": "verified", "sourceValue": -11110.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "FCF reconciliation table 70: Less: Acquisition of intangible assets; numeric column 2", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2022/reconciliation/intangible_assets_deduction", "value": -22, "status": "verified", "sourceValue": -22.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "FCF reconciliation table 70: Less: Changes in the consumer protection fund deposits; numeric column 2", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2022/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": -564, "status": "verified", "sourceValue": -564.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "FCF reconciliation table 70: Free cash flow; numeric column 2", "period": "Jun2022", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2022/reconciliation/fcf", "value": 22173, "status": "verified", "sourceValue": 22173.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 59, row 9: Free cash flow; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2023/value", "value": 39089, "status": "verified", "sourceValue": 39089.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "FCF reconciliation table 59: Net cash provided by operating activities; numeric column 1", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2023/reconciliation/ocf", "value": 45306, "status": "verified", "sourceValue": 45306.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "FCF reconciliation table 59: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 1", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2023/reconciliation/ppe_excluding_office_campuses_deduction", "value": -6007, "status": "verified", "sourceValue": -6007.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "FCF reconciliation table 59: no separate nonzero intangible deduction", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "company non-GAAP FCF reconciliation", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2023/reconciliation/intangible_assets_deduction", "value": 0, "status": "verified", "sourceValue": 0, "notes": "Zero represents no separate nonzero deduction in this reconciliation, not total intangible spending.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "company non-GAAP FCF reconciliation" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "FCF reconciliation table 59: Less: Changes in the buyer protection fund deposits; numeric column 1", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2023/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": -210, "status": "verified", "sourceValue": -210.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "FCF reconciliation table 59: Free cash flow; numeric column 1", "period": "Jun2023", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2023/reconciliation/fcf", "value": 39089, "status": "verified", "sourceValue": 39089.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 59, row 9: Free cash flow; numeric column 2, RMB column selected, not USD translation; scope group_reported", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2024/value", "value": 17372, "status": "verified", "sourceValue": 17372.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "FCF reconciliation table 59: Net cash provided by operating activities; numeric column 2", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2024/reconciliation/ocf", "value": 33636, "status": "verified", "sourceValue": 33636.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "FCF reconciliation table 59: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 2", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2024/reconciliation/ppe_excluding_office_campuses_deduction", "value": -11939, "status": "verified", "sourceValue": -11939.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "FCF reconciliation table 59: Less: Changes in the buyer protection fund deposits; numeric column 2", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2024/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": -4325, "status": "verified", "sourceValue": -4325.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "FCF reconciliation table 59: Free cash flow; numeric column 2", "period": "Jun2024", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2024/reconciliation/fcf", "value": 17372, "status": "verified", "sourceValue": 17372.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 55, row 8: Free cash flow; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2025/value", "value": -18815, "status": "verified", "sourceValue": -18815.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." }, { "file": "alibaba-data.json", "path": "/metrics/17/values/0", "value": -18815, "status": "verified", "sourceValue": -18815.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "FCF reconciliation table 55: Net cash provided by operating activities; numeric column 1", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2025/reconciliation/ocf", "value": 20672, "status": "verified", "sourceValue": 20672.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "FCF reconciliation table 55: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 1", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2025/reconciliation/ppe_excluding_office_campuses_deduction", "value": -38629, "status": "verified", "sourceValue": -38629.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "FCF reconciliation table 55: Less: Changes in the buyer protection fund deposits; numeric column 1", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2025/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": -858, "status": "verified", "sourceValue": -858.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "FCF reconciliation table 55: Free cash flow; numeric column 1", "period": "Jun2025", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2025/reconciliation/fcf", "value": -18815, "status": "verified", "sourceValue": -18815.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 55, row 8: Free cash flow; numeric column 2, RMB column selected, not USD translation; scope group_reported", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2026/value", "value": -44670, "status": "verified", "sourceValue": -44670.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." }, { "file": "alibaba-data.json", "path": "/metrics/17/values/1", "value": -44670, "status": "verified", "sourceValue": -44670.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." }, { "file": "alibaba-history.json", "path": "/latest/fcf/value", "value": -44670, "status": "verified", "sourceValue": -44670.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "RMB million", "currency": "RMB", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "FCF reconciliation table 55: Net cash provided by operating activities; numeric column 2", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2026/reconciliation/ocf", "value": 22945, "status": "verified", "sourceValue": 22945.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "FCF reconciliation table 55: Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses); numeric column 2", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2026/reconciliation/ppe_excluding_office_campuses_deduction", "value": -67660, "status": "verified", "sourceValue": -67660.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "FCF reconciliation table 55: Less: Changes in the buyer protection fund deposits; numeric column 2", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2026/reconciliation/buyer_consumer_protection_adjustment_as_presented", "value": 45, "status": "verified", "sourceValue": 45.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "FCF reconciliation table 55: Free cash flow; numeric column 2", "period": "Jun2026", "currency": "RMB", "units": "RMB million", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2026/reconciliation/fcf", "value": -44670, "status": "verified", "sourceValue": -44670.0, "notes": "", "unit": "RMB million", "currency": "RMB", "accountingBasis": "reported non-GAAP FCF reconciliation, signed adjustments" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922065269/tm2217018d1_ex99-1.htm", "locator": "Table 85, row 40: Diluted; numeric column 4, RMB column selected, not USD translation; scope group_reported", "period": "FY2022", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/FY2022/value", "value": 21787, "status": "verified", "sourceValue": 21787.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465923062243/tm2316208d1_ex99-1.htm", "locator": "Table 97, row 40: Diluted; numeric column 4, RMB column selected, not USD translation; scope group_reported", "period": "FY2023", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/FY2023/value", "value": 21114, "status": "verified", "sourceValue": 21114.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924061145/tm2414429d1_ex99-1.htm", "locator": "Table 99, row 41: Diluted; numeric column 4, RMB column selected, not USD translation; scope group_reported", "period": "FY2024", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/FY2024/value", "value": 20359, "status": "verified", "sourceValue": 20359.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Table 94, row 41: Diluted; numeric column 3, RMB column selected, not USD translation; scope group_reported", "period": "FY2025", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/FY2025/value", "value": 19318, "status": "verified", "sourceValue": 19318.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926060224/tm2614494d1_ex99-1.htm", "locator": "Table 94, row 41: Diluted; numeric column 4, RMB column selected, not USD translation; scope group_reported", "period": "FY2026", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "annual earnings release (unaudited)", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/FY2026/value", "value": 19235, "status": "verified", "sourceValue": 19235.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 53, row 39: Diluted; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "Jun2021", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/Jun2021/value", "value": 22038, "status": "verified", "sourceValue": 22038.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "locator": "Table 53, row 39: Diluted; numeric column 2, RMB column selected, not USD translation; scope group_reported", "period": "Jun2022", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/Jun2022/value", "value": 21384, "status": "verified", "sourceValue": 21384.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 46, row 40: Diluted; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "Jun2023", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/Jun2023/value", "value": 20608, "status": "verified", "sourceValue": 20608.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "locator": "Table 46, row 40: Diluted; numeric column 2, RMB column selected, not USD translation; scope group_reported", "period": "Jun2024", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/Jun2024/value", "value": 19595, "status": "verified", "sourceValue": 19595.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 42, row 41: Diluted; numeric column 1, RMB column selected, not USD translation; scope group_reported", "period": "Jun2025", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/Jun2025/value", "value": 19142, "status": "verified", "sourceValue": 19142.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." }, { "file": "alibaba-data.json", "path": "/metrics/18/values/0", "value": 19142, "status": "verified", "sourceValue": 19142.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "locator": "Table 42, row 41: Diluted; numeric column 2, RMB column selected, not USD translation; scope group_reported", "period": "Jun2026", "currency": "not applicable", "units": "million weighted-average diluted ordinary shares (not ADS)", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares.", "statementStatus": "unaudited quarterly earnings release", "checks": [ { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/points/Jun2026/value", "value": 19324, "status": "verified", "sourceValue": 19324.0, "notes": "Period, currency and scope checked against source table header/section. Inaccessible issuer mirror replaced with same original SEC release/20-F where applicable.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. One ADS equals eight ordinary shares." }, { "file": "alibaba-data.json", "path": "/metrics/18/values/1", "value": 19324, "status": "verified", "sourceValue": 19324.0, "notes": "Exact embedded copy of individually source-reconciled field.", "unit": "million weighted-average diluted ordinary shares (not ADS)", "currency": "not applicable", "accountingBasis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. GAAP diluted weighted-average ordinary shares, not period-end shares or ADSs. 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One ADS equals eight ordinary shares." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Reporting period definition: fiscal year ended March31 or quarter ended June30", "period": "FY2022", "currency": "not applicable", "units": "months", "accountingBasis": "period metadata", "statementStatus": "period definition", "checks": [ { "file": "alibaba-history.json", "path": "/periods/annual/0/months", "value": 12, "status": "verified", "sourceValue": 12, "notes": "", "unit": "months", "currency": "not applicable", "accountingBasis": "period metadata" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000119312526231755/baba-20260331.htm", "locator": "Reporting period definition: fiscal year ended March31 or quarter ended June30", "period": "FY2023", "currency": "not applicable", "units": "months", "accountingBasis": "period metadata", "statementStatus": "period definition", "checks": [ { "file": 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Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/0/variants/3/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2024", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/0/variants/3/points/Jun2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2025", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/0/variants/3/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2026", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2022", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2023", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2024", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2025", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2026", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2021", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2022", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2023", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/0/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2024", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "FY2022", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "FY2023", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2021", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2022", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2023", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/1/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2026", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "FY2026", "unit": "RMB million", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "Jun2021", "unit": "RMB million", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/Jun2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "Jun2025", "unit": "RMB million", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/2/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "Jun2026", "unit": "RMB million", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "FY2024", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "FY2025", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "FY2026", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2023", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2024", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/Jun2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2025", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/1/variants/3/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2026", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2022", "unit": "%", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2023", "unit": "%", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2024", "unit": "%", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2025", "unit": "%", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2026", "unit": "%", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2021", "unit": "%", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2022", "unit": "%", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2023", "unit": "%", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/0/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2024", "unit": "%", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "FY2022", "unit": "%", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "FY2023", "unit": "%", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2021", "unit": "%", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2022", "unit": "%", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2023", "unit": "%", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/1/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2026", "unit": "%", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "FY2026", "unit": "%", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "Jun2021", "unit": "%", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "Jun2025", "unit": "%", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/2/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "Jun2026", "unit": "%", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "FY2024", "unit": "%", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "FY2025", "unit": "%", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "FY2026", "unit": "%", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2023", "unit": "%", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2024", "unit": "%", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/Jun2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2025", "unit": "%", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/2/variants/3/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2026", "unit": "%", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2022", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2023", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2024", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2025", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2026", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2021", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2022", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2023", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/0/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "Jun2024", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "FY2022", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "FY2023", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2021", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2022", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2023", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/1/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on the FY2026 China E-commerce Group reporting basis was verified for this period; do not substitute TTG or the June2026 combined international/domestic group.", "period": "Jun2026", "unit": "RMB million", "basis": "Recast annual FY2024–2026 and June2024–2025. This is a different business scope from the combined E-commerce Group introduced in June2026. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "FY2026", "unit": "RMB million", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "Jun2021", "unit": "RMB million", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/Jun2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "Jun2025", "unit": "RMB million", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/2/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this Taobao and Tmall Group basis was disclosed in reviewed sources for this period. The segment was replaced by China E-commerce Group in June2025.", "period": "Jun2026", "unit": "RMB million", "basis": "Annual FY2022–2024 are recast in the FY2024 annual report; FY2025 retains the same TTG presentation. June2022 was recast by the June2023 release. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "FY2024", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "FY2025", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "FY2026", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2023", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2024", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/Jun2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2025", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/3/variants/3/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No figure on this legacy China commerce basis was entered for this period; different later segment definitions are separate variants.", "period": "Jun2026", "unit": "RMB million", "basis": "June2021–2022 use the June2022 release. Annual FY2022–2023 use the March2023 release, which additionally reclassified Instant Supermarket Delivery out of China commerce; the annual and June-quarter legacy bases therefore differ slightly. Never splice these with TTG or newer commerce groups. CMR includes advertising/marketing and commissions. From March2026, qualifying merchant subsidies previously in sales and marketing are deducted from CMR. This presentation change affects reported growth; do not infer merchant demand or advertising return from reported CMR alone." }, { "file": "alibaba-history.json", "path": "/metrics/4/variants/0/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2022", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/4/variants/0/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. The reviewed release recasts only June2025; no comparable annual history or earlier June-quarter value is disclosed in reviewed sources.", "period": "FY2023", "unit": "RMB million", "basis": "Only June2025 and June2026 have comparable current-basis figures. Earlier China commerce and TTG exclude or include different businesses." }, { "file": "alibaba-history.json", "path": "/metrics/4/variants/0/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "Current combined E-commerce Group basis was introduced in the June2026 quarter. 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Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/1/points/Jun2023/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2023", "unit": "% YoY", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. 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Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/1/points/Jun2025/value", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2025", "unit": "% YoY", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/FY2022/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2022", "unit": "% YoY", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/FY2023/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2023", "unit": "% YoY", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/FY2024/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2024", "unit": "% YoY", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/FY2025/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2025", "unit": "% YoY", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/FY2026/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2026", "unit": "% YoY", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/Jun2021/value", "value": null, "classification": "source_set_gap", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465922086110/tm2222585d1_ex99-1.htm", "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2021", "unit": "% YoY", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/Jun2023/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2023", "unit": "% YoY", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/Jun2024/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2024", "unit": "% YoY", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/Jun2025/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2025", "unit": "% YoY", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/7/variants/2/points/Jun2026/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2026", "unit": "% YoY", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/8/variants/0/points/FY2022/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2022", "unit": "RMB million", "basis": "AI-related products are a subset of cloud revenue. 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Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-history.json", "path": "/metrics/8/variants/0/points/FY2024/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2024", "unit": "RMB million", "basis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-history.json", "path": "/metrics/8/variants/0/points/FY2025/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2025", "unit": "RMB million", "basis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-history.json", "path": "/metrics/8/variants/0/points/FY2026/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2026", "unit": "RMB million", "basis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-history.json", "path": "/metrics/8/variants/0/points/Jun2021/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2021", "unit": "RMB million", "basis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-history.json", "path": "/metrics/8/variants/0/points/Jun2022/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2022", "unit": "RMB million", "basis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-history.json", "path": "/metrics/8/variants/0/points/Jun2023/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2023", "unit": "RMB million", "basis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-history.json", "path": "/metrics/8/variants/0/points/Jun2024/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2024", "unit": "RMB million", "basis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-history.json", "path": "/metrics/8/variants/0/points/Jun2025/value", "value": null, "classification": "source_set_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2025", "unit": "RMB million", "basis": "AI-related products are a subset of cloud revenue. Exact annual totals and earlier June-quarter amounts were not verified. Do not infer them from percentage growth or add them to cloud revenue." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2021", "unit": "RMB million", "basis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2022", "unit": "RMB million", "basis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/0/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2026", "unit": "RMB million", "basis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2022", "unit": "RMB million", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2023", "unit": "RMB million", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2024", "unit": "RMB million", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2025", "unit": "RMB million", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2026", "unit": "RMB million", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2021", "unit": "RMB million", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2022", "unit": "RMB million", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2023", "unit": "RMB million", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/1/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2024", "unit": "RMB million", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2022", "unit": "RMB million", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2023", "unit": "RMB million", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2024", "unit": "RMB million", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2025", "unit": "RMB million", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2026", "unit": "RMB million", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2023", "unit": "RMB million", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2024", "unit": "RMB million", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/Jun2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2025", "unit": "RMB million", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/9/variants/2/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2026", "unit": "RMB million", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2021", "unit": "%", "basis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2022", "unit": "%", "basis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/0/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2026", "unit": "%", "basis": "Revenue and adjusted EBITA before inter-segment elimination. FY2022–2024 from FY2024 recast disclosures; FY2025–2026 same Cloud Intelligence scope. Excludes T-Head, which enters new AI Cloud and Compute Services in June2026." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2022", "unit": "%", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2023", "unit": "%", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2024", "unit": "%", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2025", "unit": "%", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2026", "unit": "%", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2021", "unit": "%", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2022", "unit": "%", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2023", "unit": "%", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/1/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2024", "unit": "%", "basis": "Cloud Intelligence Group plus T-Head. Established June2026; June2025 comparatives recast to current structure. Current-scope annual FY2022–2026 totals not verified in reviewed filings." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2022", "unit": "%", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2023", "unit": "%", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2024", "unit": "%", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2025", "unit": "%", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2026", "unit": "%", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2023", "unit": "%", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2024", "unit": "%", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/Jun2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2025", "unit": "%", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/10/variants/2/points/Jun2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2026", "unit": "%", "basis": "June2021/2022: Cloud includes DingTalk and both revenue and EBITA are after inter-segment elimination. Not directly comparable to later Cloud Intelligence Group or AI Cloud and Compute Services." }, { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/FY2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2022", "unit": "RMB million", "basis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/FY2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2023", "unit": "RMB million", "basis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/FY2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2024", "unit": "RMB million", "basis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/FY2025/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2025", "unit": "RMB million", "basis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/FY2026/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "FY2026", "unit": "RMB million", "basis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/Jun2021/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2021", "unit": "RMB million", "basis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/Jun2022/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2022", "unit": "RMB million", "basis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/Jun2023/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2023", "unit": "RMB million", "basis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-history.json", "path": "/metrics/11/variants/0/points/Jun2024/value", "value": null, "classification": "reporting_scope_gap", "sourceUrl": null, "sourceValue": null, "notes": "No exact comparable disclosure verified for this period on this reporting basis.", "period": "Jun2024", "unit": "RMB million", "basis": "AI model labs, Qwen Consumer Business Group and QwenWork, formerly in All Others. Established June2026; June2025 comparative recast. Does not measure total Alibaba AI profit." }, { "file": "alibaba-history.json", "path": "/metrics/12/variants/0/meaning", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/metrics/13/variants/0/meaning", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/metrics/14/variants/0/meaning", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/metrics/15/variants/0/meaning", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/metrics/16/variants/0/meaning", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/meaning", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2024/reconciliation/intangible_assets_deduction", "value": null, "classification": "not_separately_disclosed_adjustment", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465924090102/tm2421791d1_ex99-1.htm", "sourceValue": null, "notes": "FCF table has no separately disclosed intangible-assets deduction for this period; null is distinct from financial zero and cannot be replaced without source proof.", "period": "Jun2024", "unit": "RMB million", "basis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." }, { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2025/reconciliation/intangible_assets_deduction", "value": null, "classification": "not_separately_disclosed_adjustment", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "sourceValue": null, "notes": "FCF table has no separately disclosed intangible-assets deduction for this period; null is distinct from financial zero and cannot be replaced without source proof.", "period": "Jun2025", "unit": "RMB million", "basis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." }, { "file": "alibaba-history.json", "path": "/metrics/17/variants/0/points/Jun2026/reconciliation/intangible_assets_deduction", "value": null, "classification": "not_separately_disclosed_adjustment", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "sourceValue": null, "notes": "FCF table has no separately disclosed intangible-assets deduction for this period; null is distinct from financial zero and cannot be replaced without source proof.", "period": "Jun2026", "unit": "RMB million", "basis": "Reported consolidated group scope in each period; acquisitions and disposals change the business mix. Annual totals and June quarters are kept separate. FY2022 includes the RMB18,228m antimonopoly fine cash payment; FY2023 includes RMB14,464m Ant dividends. Working capital, deposits and dividends can affect trends. FCF follows Alibaba’s own reconciliation, not headline OCF minus capex." }, { "file": "alibaba-history.json", "path": "/metrics/18/variants/0/meaning", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/sources/S1/published", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/sources/S2/published", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/sources/S3/published", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/sources/C_LATEST/published", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-history.json", "path": "/sources/C_A24_REV/published", "value": null, "classification": "optional_metadata", "sourceUrl": null, "sourceValue": null, "notes": "Optional descriptive/source-publication metadata, not a missing financial observation." }, { "file": "alibaba-data.json", "path": "/metrics/5/values/0", "value": null, "classification": "available_qualified_elsewhere", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465925085638/tm2524743d1_ex99-1.htm", "sourceValue": 53, "notes": "June2025 >53m already verified at alibaba-history metrics5/variants0/points/Jun2025. Dedicated latest file intentionally says exact count not entered. Optional backfill must preserve lower-bound qualifier; bare53 cannot be represented as exact.", "unit": "million members", "qualifier": "over" }, { "file": "alibaba-data.json", "path": "/metrics/7/values/0", "value": null, "classification": "qualified_or_noncomparable_prior", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "sourceValue": null, "notes": "A growth rate, not an external revenue amount. No prior rate entered." }, { "file": "alibaba-data.json", "path": "/metrics/8/values/0", "value": null, "classification": "qualified_or_noncomparable_prior", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1577552/000110465926099220/tm2623667d1_ex99-1.htm", "sourceValue": null, "notes": "Subset of cloud revenue; do not add it again. Prior exact amount not entered." } ], "countsByClassification": { "reporting_scope_gap": 191, "source_set_gap": 41, "optional_metadata": 12, "not_separately_disclosed_adjustment": 3, "available_qualified_elsewhere": 1, "qualified_or_noncomparable_prior": 2 } }, "batch": "tech-pages", "name": "Alibaba", "pages": [ "alibaba.html" ], "reviewComplete": true, "originalResearchSummary": "385 of 385 mapped numeric fields reconciled individually, including embedded copies and calculations; 0 unresolved dated market quote fields. Material factual claims recorded separately from interpretation. No numerical corrections required. Separate null register covers 250 null leaves; these were excluded from numeric verification counts. ", "originalUnresolved": [], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": { "verified": 321, "calculated": 64 }, "sourceCount": 16 }, { "id": "games-workshop", "status": "partial", "periodsReviewed": [ "FY2022", "FY2023", "FY2024", "FY2025", "FY2026" ], "summary": "Completed source review: 86 source checks, 25 arithmetic checks, 39 unverified checks. 9 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/4wT1AjfBUUX6HWQ0HhAAnu/ac4403cd600cef16674bfa20462a280b/2021-22-accounts-Final-NoM.pdf", "locator": "Financial highlights; strategic report pp.9–14; consolidated cash flows p.60. FY2021 comparative core revenue £353.2m. FY2022 ended 29 May 2022.", "period": "FY2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "games-workshop-data.json", "path": "/periods/annual/0/year", "value": 2022, "status": "verified", "sourceValue": 2022, "unit": "calendar year label", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/coreRevenue", "value": 386.8, "status": "verified", "sourceValue": 386.8, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/coreProfit", "value": 131.7, "status": "verified", "sourceValue": 131.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/grossMargin", "value": 67.1, "status": "verified", "sourceValue": 67.1, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/constantGrowth", "value": 11, "status": "verified", "sourceValue": 11, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/trade", "value": 214.3, "status": "verified", "sourceValue": 214.3, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/retail", "value": 87.2, "status": "verified", "sourceValue": 87.2, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/online", "value": 85.3, "status": "verified", "sourceValue": 85.3, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/licensing", "value": 28, "status": "verified", "sourceValue": 28, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/royaltyCash", "value": 15.4, "status": "verified", "sourceValue": 15.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/stores", "value": 518, "status": "verified", "sourceValue": 518, "unit": "stores", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/stockists", "value": 6200, "status": "verified", "sourceValue": 6200, "unit": "accounts", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈6200; not an exact population count. Active accounts ordered in preceding six months; FY2026 excludes over3000 major-chain outlets with limited recruitment ranges." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/activeUsers", "value": null, "status": "not_verified", "sourceValue": null, "unit": "users", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "FY2022report MyWarhammersection discloses registrations+140%, not a period-endactive-usercount; lateractive-definitionseries startsFY2023. No comparable FY2022countbackfill." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/subscribers", "value": null, "status": "not_verified", "sourceValue": null, "unit": "subscribers", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Earlierreports say currently (2023report136000/prior105000;2024report176000/prior136000), not explicitfinancial-year-endcounts. Publicationdatedobservationsretained; notbackfilledintoendpointseries." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/ocf", "value": 121.5, "status": "verified", "sourceValue": 121.5, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/ppe", "value": 17, "status": "verified", "sourceValue": 17, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/intangibles", "value": 1.4, "status": "verified", "sourceValue": 1.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/development", "value": 13.9, "status": "verified", "sourceValue": 13.9, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/coreGrowth", "value": 9.513023782559472, "status": "calculated", "sourceValue": 9.513023782559472, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "100 × (current core revenue / prior core revenue − 1); FY2021 baseline £353.2m. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/operatingMargin", "value": 34.048603929679416, "status": "calculated", "sourceValue": 34.048603929679416, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Core operating profit / core revenue × 100. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/tradeMix", "value": 55.403309203722856, "status": "calculated", "sourceValue": 55.403309203722856, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Trade revenue / core revenue × 100. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/investmentCash", "value": 32.3, "status": "calculated", "sourceValue": 32.3, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "PPE purchases + other intangible purchases + expenditure on product development. Group cash flow after tax; capitalised product development deducted. Before financing lease principal/interest." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/fcf", "value": 89.2, "status": "calculated", "sourceValue": 89.2, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − PPE purchases − other intangible purchases − capitalised product development. Group cash, including licensing; before lease principal/interest, dividends and financing. Deducts capitalised product development. Group cash flow after tax; capitalised product development deducted. Before financing lease principal/interest." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/buyers", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/retention", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/units", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/spendPerBuyer", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/starterRepeat", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/fixedBasket", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/0/eventAttendees", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "FY2026report gives24events across3continents and exposureat events withover1mattendees, not uniqueWarhammerparticipants on consistentannualbasis; metricsrequirescomparableannualparticipation, so incompatiblecoveragecountsnotbackfilled." } ] }, { "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/3Bxadr0YTIX0hGl1H7DPGe/8e1361726a8e0c8dfef9bcdae8299480/2022-23_accounts_-_final.pdf", "locator": "Financial highlights; strategic report pp.7–10: releases, licensing, sales and distribution. FY2023 ended 28 May 2023.", "period": "FY2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "games-workshop-data.json", "path": "/periods/annual/1/year", "value": 2023, "status": "verified", "sourceValue": 2023, "unit": "calendar year label", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/coreRevenue", "value": 445.4, "status": "verified", "sourceValue": 445.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/coreProfit", "value": 148.2, "status": "verified", "sourceValue": 148.2, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/grossMargin", "value": 66.5, "status": "verified", "sourceValue": 66.5, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/constantGrowth", "value": 9.6, "status": "verified", "sourceValue": 9.6, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/trade", "value": 248, "status": "verified", "sourceValue": 248, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/retail", "value": 106.4, "status": "verified", "sourceValue": 106.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/online", "value": 91, "status": "verified", "sourceValue": 91, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/licensing", "value": 25.4, "status": "verified", "sourceValue": 25.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/royaltyCash", "value": 26.5, "status": "verified", "sourceValue": 26.5, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/stores", "value": 526, "status": "verified", "sourceValue": 526, "unit": "stores", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/stockists", "value": 6500, "status": "verified", "sourceValue": 6500, "unit": "accounts", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈6500; not an exact population count. Active accounts ordered in preceding six months; FY2026 excludes over3000 major-chain outlets with limited recruitment ranges." }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/subscribers", "value": null, "status": "not_verified", "sourceValue": null, "unit": "subscribers", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Earlierreports say currently (2023report136000/prior105000;2024report176000/prior136000), not explicitfinancial-year-endcounts. Publicationdatedobservationsretained; notbackfilledintoendpointseries." }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/ocf", "value": 192.7, "status": "verified", "sourceValue": 192.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/ppe", "value": 14.8, "status": "verified", "sourceValue": 14.8, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/intangibles", "value": 0.4, "status": "verified", "sourceValue": 0.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/development", "value": 13.1, "status": "verified", "sourceValue": 13.1, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/coreGrowth", "value": 15.149948293691828, "status": "calculated", "sourceValue": 15.149948293691828, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "100 × (current core revenue / prior core revenue − 1); FY2021 baseline £353.2m. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/operatingMargin", "value": 33.27346205657835, "status": "calculated", "sourceValue": 33.27346205657835, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Core operating profit / core revenue × 100. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/tradeMix", "value": 55.68028738212843, "status": "calculated", "sourceValue": 55.68028738212843, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Trade revenue / core revenue × 100. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/investmentCash", "value": 28.3, "status": "calculated", "sourceValue": 28.3, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "PPE purchases + other intangible purchases + expenditure on product development. Group cash flow after tax; capitalised product development deducted. Before financing lease principal/interest." }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/fcf", "value": 164.39999999999998, "status": "calculated", "sourceValue": 164.39999999999998, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − PPE purchases − other intangible purchases − capitalised product development. Group cash, including licensing; before lease principal/interest, dividends and financing. Deducts capitalised product development. Group cash flow after tax; capitalised product development deducted. Before financing lease principal/interest." }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/buyers", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/retention", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/units", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/spendPerBuyer", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/starterRepeat", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/fixedBasket", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/eventAttendees", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "FY2026report gives24events across3continents and exposureat events withover1mattendees, not uniqueWarhammerparticipants on consistentannualbasis; metricsrequirescomparableannualparticipation, so incompatiblecoveragecountsnotbackfilled." } ] }, { "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Strategic report pp.8–12; consolidated cash flows p.62 (FY2023 comparative); five-year summary p.85. FY2024 ended 2 June 2024; 53 weeks.", "period": "FY2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "games-workshop-data.json", "path": "/periods/annual/2/year", "value": 2024, "status": "verified", "sourceValue": 2024, "unit": "calendar year label", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/coreRevenue", "value": 494.7, "status": "verified", "sourceValue": 494.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/coreProfit", "value": 174.8, "status": "verified", "sourceValue": 174.8, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/grossMargin", "value": 69.4, "status": "verified", "sourceValue": 69.4, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/constantGrowth", "value": 13.9, "status": "verified", "sourceValue": 13.9, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/trade", "value": 288.4, "status": "verified", "sourceValue": 288.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/retail", "value": 115.6, "status": "verified", "sourceValue": 115.6, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/online", "value": 90.7, "status": "verified", "sourceValue": 90.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/licensing", "value": 31, "status": "verified", "sourceValue": 31, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/royaltyCash", "value": 25, "status": "verified", "sourceValue": 25, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/stores", "value": 548, "status": "verified", "sourceValue": 548, "unit": "stores", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/stockists", "value": 7200, "status": "verified", "sourceValue": 7200, "unit": "accounts", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈7200; not an exact population count. Active accounts ordered in preceding six months; FY2026 excludes over3000 major-chain outlets with limited recruitment ranges. FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/subscribers", "value": null, "status": "not_verified", "sourceValue": null, "unit": "subscribers", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Earlierreports say currently (2023report136000/prior105000;2024report176000/prior136000), not explicitfinancial-year-endcounts. Publicationdatedobservationsretained; notbackfilledintoendpointseries." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/ocf", "value": 196.2, "status": "verified", "sourceValue": 196.2, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/ppe", "value": 15.6, "status": "verified", "sourceValue": 15.6, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/intangibles", "value": 1.6, "status": "verified", "sourceValue": 1.6, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/development", "value": 15.4, "status": "verified", "sourceValue": 15.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/coreGrowth", "value": 11.068702290076349, "status": "calculated", "sourceValue": 11.068702290076349, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "100 × (current core revenue / prior core revenue − 1); FY2021 baseline £353.2m. 53-week year versus 52 weeks. No week adjustment applied. FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/operatingMargin", "value": 35.33454618960987, "status": "calculated", "sourceValue": 35.33454618960987, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Core operating profit / core revenue × 100. FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/tradeMix", "value": 58.297958358601164, "status": "calculated", "sourceValue": 58.297958358601164, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Trade revenue / core revenue × 100. FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/investmentCash", "value": 32.6, "status": "calculated", "sourceValue": 32.6, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "PPE purchases + other intangible purchases + expenditure on product development. Group cash flow after tax; capitalised product development deducted. Before financing lease principal/interest. FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/fcf", "value": 163.6, "status": "calculated", "sourceValue": 163.6, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − PPE purchases − other intangible purchases − capitalised product development. Group cash, including licensing; before lease principal/interest, dividends and financing. Deducts capitalised product development. Group cash flow after tax; capitalised product development deducted. Before financing lease principal/interest. FY2024 has53weeks; other displayed years52weeks." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/buyers", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/retention", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/units", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/spendPerBuyer", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/starterRepeat", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/fixedBasket", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/eventAttendees", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "FY2026report gives24events across3continents and exposureat events withover1mattendees, not uniqueWarhammerparticipants on consistentannualbasis; metricsrequirescomparableannualparticipation, so incompatiblecoveragecountsnotbackfilled." } ] }, { "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/5qDkmHQ0CNK6sLe6s990jL/ee0e6d81c35361803e7ab41b8c01add9/2024-25_accounts_FINAL_-_updated.pdf", "locator": "Strategic report pp.8–15: releases, engagement, licensing, channels and prices; consolidated cash flows p.71. FY2025 ended 1 June 2025.", "period": "FY2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "games-workshop-data.json", "path": "/periods/annual/3/year", "value": 2025, "status": "verified", "sourceValue": 2025, "unit": "calendar year label", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/coreRevenue", "value": 565, "status": "verified", "sourceValue": 565, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/coreProfit", "value": 211.8, "status": "verified", "sourceValue": 211.8, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/grossMargin", "value": 69.5, "status": "verified", "sourceValue": 69.5, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/constantGrowth", "value": 16, "status": "verified", "sourceValue": 16, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/trade", "value": 345.7, "status": "verified", "sourceValue": 345.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/retail", "value": 128.7, "status": "verified", "sourceValue": 128.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/online", "value": 90.6, "status": "verified", "sourceValue": 90.6, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/licensing", "value": 52.5, "status": "verified", "sourceValue": 52.5, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/royaltyCash", "value": 57, "status": "verified", "sourceValue": 57, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/stores", "value": 570, "status": "verified", "sourceValue": 570, "unit": "stores", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/stockists", "value": 8100, "status": "verified", "sourceValue": 8100, "unit": "accounts", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈8100; not an exact population count. Active accounts ordered in preceding six months; FY2026 excludes over3000 major-chain outlets with limited recruitment ranges." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/activeUsers", "value": 735000, "status": "verified", "sourceValue": 735000, "unit": "users", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈735000; not an exact population count." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/subscribers", "value": 232000, "status": "verified", "sourceValue": 232000, "unit": "subscribers", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈232000; not an exact population count." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/ocf", "value": 247.4, "status": "verified", "sourceValue": 247.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/ppe", "value": 24, "status": "verified", "sourceValue": 24, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/intangibles", "value": 0.5, "status": "verified", "sourceValue": 0.5, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/development", "value": 16.4, "status": "verified", "sourceValue": 16.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/coreGrowth", "value": 14.210632706690918, "status": "calculated", "sourceValue": 14.210632706690918, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "100 × (current core revenue / prior core revenue − 1); FY2021 baseline £353.2m. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/operatingMargin", "value": 37.48672566371681, "status": "calculated", "sourceValue": 37.48672566371681, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Core operating profit / core revenue × 100. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/tradeMix", "value": 61.1858407079646, "status": "calculated", "sourceValue": 61.1858407079646, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Trade revenue / core revenue × 100. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/investmentCash", "value": 40.9, "status": "calculated", "sourceValue": 40.9, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "PPE purchases + other intangible purchases + expenditure on product development. Group cash flow after tax; capitalised product development deducted. Before financing lease principal/interest." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/fcf", "value": 206.5, "status": "calculated", "sourceValue": 206.5, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − PPE purchases − other intangible purchases − capitalised product development. Group cash, including licensing; before lease principal/interest, dividends and financing. Deducts capitalised product development. Group cash flow after tax; capitalised product development deducted. Before financing lease principal/interest." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/buyers", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/retention", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/units", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/spendPerBuyer", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/starterRepeat", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/fixedBasket", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/3/eventAttendees", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "FY2026report gives24events across3continents and exposureat events withover1mattendees, not uniqueWarhammerparticipants on consistentannualbasis; metricsrequirescomparableannualparticipation, so incompatiblecoveragecountsnotbackfilled." } ] }, { "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Strategic report: design, customer engagement, licensing and financial review; consolidated cash flows and segment note 3. FY2026 ended 31 May 2026.", "period": "FY2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "games-workshop-data.json", "path": "/periods/annual/4/year", "value": 2026, "status": "verified", "sourceValue": 2026, "unit": "calendar year label", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/coreRevenue", "value": 626.8, "status": "verified", "sourceValue": 626.8, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/coreProfit", "value": 245.1, "status": "verified", "sourceValue": 245.1, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/grossMargin", "value": 71.1, "status": "verified", "sourceValue": 71.1, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/constantGrowth", "value": 12.2, "status": "verified", "sourceValue": 12.2, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/trade", "value": 405.3, "status": "verified", "sourceValue": 405.3, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/retail", "value": 131.4, "status": "verified", "sourceValue": 131.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/online", "value": 90.1, "status": "verified", "sourceValue": 90.1, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer core segment/operating KPI; excludes licensing, actual currency unless constantGrowth", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/licensing", "value": 32.9, "status": "verified", "sourceValue": 32.9, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/royaltyCash", "value": 42.9, "status": "verified", "sourceValue": 42.9, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/stores", "value": 598, "status": "verified", "sourceValue": 598, "unit": "stores", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/stockists", "value": 9100, "status": "verified", "sourceValue": 9100, "unit": "accounts", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈9100; not an exact population count. Active accounts ordered in preceding six months; FY2026 excludes over3000 major-chain outlets with limited recruitment ranges." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/activeUsers", "value": 890000, "status": "verified", "sourceValue": 890000, "unit": "users", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈890000; not an exact population count." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/subscribers", "value": 269000, "status": "verified", "sourceValue": 269000, "unit": "subscribers", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Source qualifier preserved: ≈269000; not an exact population count." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/ocf", "value": 267.7, "status": "verified", "sourceValue": 267.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/ppe", "value": 32, "status": "verified", "sourceValue": 32, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/intangibles", "value": 0.4, "status": "verified", "sourceValue": 0.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/development", "value": 17, "status": "verified", "sourceValue": 17, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/coreGrowth", "value": 10.938053097345124, "status": "calculated", "sourceValue": 10.938053097345124, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "100 × (current core revenue / prior core revenue − 1); FY2021 baseline £353.2m. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/operatingMargin", "value": 39.10338225909381, "status": "calculated", "sourceValue": 39.10338225909381, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Core operating profit / core revenue × 100. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/tradeMix", "value": 64.66177409061902, "status": "calculated", "sourceValue": 64.66177409061902, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Trade revenue / core revenue × 100. " }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/investmentCash", "value": 49.4, "status": "calculated", "sourceValue": 49.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "PPE purchases + other intangible purchases + expenditure on product development. Group cash flow after tax; capitalised product development deducted. Before financing lease principal/interest." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/fcf", "value": 218.29999999999998, "status": "calculated", "sourceValue": 218.29999999999998, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Operating cash flow − PPE purchases − other intangible purchases − capitalised product development. Group cash, including licensing; before lease principal/interest, dividends and financing. Deducts capitalised product development. Group cash flow after tax; capitalised product development deducted. Before financing lease principal/interest." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/buyers", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/retention", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/units", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/spendPerBuyer", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/starterRepeat", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/fixedBasket", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Original2022–2026strategicreports andnotes inspected. No comparable unique-buyer,retention,physicalunit,spendperbuyer,starter-repeat orunchanged-productbasket series matching thisfield. Revenue/accounts/digitaluserscannotprovide missingdenominator." }, { "file": "games-workshop-data.json", "path": "/periods/annual/4/eventAttendees", "value": null, "status": "not_verified", "sourceValue": null, "unit": "unavailable", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "FY2026report gives24events across3continents and exposureat events withover1mattendees, not uniqueWarhammerparticipants on consistentannualbasis; metricsrequirescomparableannualparticipation, so incompatiblecoveragecountsnotbackfilled." } ] }, { "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/3Bxadr0YTIX0hGl1H7DPGe/8e1361726a8e0c8dfef9bcdae8299480/2022-23_accounts_-_final.pdf", "locator": "Printedp8 Customerfocused /MyWarhammer", "period": "FY2023 ended28May2023", "currency": "not applicable", "units": "users", "accountingBasis": "company reported operating metric/APM", "statementStatus": "original final annual report", "checks": [ { "file": "games-workshop-data.json", "path": "/periods/annual/1/activeUsers", "value": 427000, "status": "verified", "sourceValue": 427000, "unit": "users", "currency": "not applicable", "accountingBasis": "reported operating KPI/APM, source precision retained", "notes": "The annual report explicitly states 427,000 active My Warhammer users at the period end, using the same definition of online engagement during the preceding six months. The current null is an omission, not a disclosure gap. Preserve the existing approximate-count presentation and attach this source. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/3Bxadr0YTIX0hGl1H7DPGe/8e1361726a8e0c8dfef9bcdae8299480/2022-23_accounts_-_final.pdf", "locator": "Printedp8 Customerfocused /MyWarhammer", "period": "FY2023 ended28May2023" } ] }, { "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Printedp9 Customerfocused /MyWarhammer", "period": "FY2024 ended2June2024", "currency": "not applicable", "units": "users", "accountingBasis": "company reported operating metric/APM", "statementStatus": "original final annual report", "checks": [ { "file": "games-workshop-data.json", "path": "/periods/annual/2/activeUsers", "value": 565000, "status": "verified", "sourceValue": 565000, "unit": "users", "currency": "not applicable", "accountingBasis": "reported operating KPI/APM, source precision retained", "notes": "The annual report explicitly states 565,000 active My Warhammer users at the period end, using the same definition of online engagement during the preceding six months. The current null is an omission, not a disclosure gap. Preserve the existing approximate-count presentation and attach this source. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Printedp9 Customerfocused /MyWarhammer", "period": "FY2024 ended2June2024" } ] } ], "claims": [ { "file": "games-workshop-data.json", "pathOrText": "/observations/0", "claim": "≈565,000 active users", "verdict": "verified", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/5qDkmHQ0CNK6sLe6s990jL/ee0e6d81c35361803e7ab41b8c01add9/2024-25_accounts_FINAL_-_updated.pdf", "locator": "Customer engagement sectionpp10–11", "notes": "≈565000comparative active users; active=engagedonline prior6months, not buyers." }, { "file": "games-workshop-data.json", "pathOrText": "/observations/1", "claim": "176,000; prior comparison 136,000", "verdict": "verified", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Customer engagement section", "notes": "Currently176000 compared136000; publication-date observation, not exactfiscalend." }, { "file": "games-workshop-data.json", "pathOrText": "/observations/2", "claim": "£21.9m studio; £7.6m tooling", "verdict": "verified", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Designstudio/tools narrative", "notes": "GBP21.9m studio andGBP7.6m tooling; not extra cash deduction." }, { "file": "games-workshop-data.json", "pathOrText": "/observations/3", "claim": "Miniatures average +5%; other product lines average +4%", "verdict": "verified", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/5qDkmHQ0CNK6sLe6s990jL/ee0e6d81c35361803e7ab41b8c01add9/2024-25_accounts_FINAL_-_updated.pdf", "locator": "Financialreview/pricing paragraph", "notes": "Average miniaturesRRP5%; otherlines4%; notfixedbasketindex." }, { "file": "games-workshop-data.json", "pathOrText": "/notes/0", "claim": "Five completed financial years, FY2022–FY2026. GBP millions unless a count or percentage is specified. FY2024 has 53 weeks; other years have 52. Data reviewed 19 October 2026; this is a dated dataset, not a live feed.", "verdict": "verified", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Financialyear headers;original2022–25reportheaders", "notes": "FY2024 53weeks; FY2022/23/25/26 52weeks." }, { "file": "games-workshop-data.json", "pathOrText": "/notes/1", "claim": "Approximate management counts carry ≈ and remain in tables. No interpolated values, invented customer numbers or unsupported conversion rates. Line charts do not bridge missing observations.", "verdict": "verified", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Stores, trade and engagement disclosures", "notes": "Qualified counts preserved; nullgaps do not assert zero." }, { "file": "games-workshop-data.json", "pathOrText": "/notes/2", "claim": "Core revenue is broader than miniatures or game sets. No standalone annual game-set sales series is established. Do not divide group revenue by active users to estimate spending per customer.", "verdict": "verified", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Core segment/revenue policies", "notes": "No disclosed game-set unitseries or uniquebuyerdenominator." }, { "file": "games-workshop-data.json", "pathOrText": "/notes/3", "claim": "Cash calculations use consolidated group statements after tax. They deduct capitalised development as well as physical and other intangible asset purchases. Product development cash is not omitted simply because it appears in investing activities.", "verdict": "verified", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Consolidatedcashflows", "notes": "Cashaftertax; PPE+otherintangible+development deducted." }, { "file": "games-workshop-data.json", "pathOrText": "/notes/4", "claim": "Cash after investment is before lease principal and lease interest. FY2026 lease principal/interest were £13.2m/£1.8m; FY2025 £12.3m/£1.4m. After also deducting these payments the respective amounts are £203.3m and £192.8m. These calculations remain before dividends and financing.", "verdict": "calculated", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Financing cashflows,2026/25comparison", "notes": "2026FCF218.3−leaseprincipal13.2−leaseinterest1.8=203.3;2025FCF206.5−12.3−1.4=192.8GBPm." }, { "file": "games-workshop-data.json", "pathOrText": "/notes/5", "claim": "Studio spending and tooling are development inputs, not separate amounts to deduct again from this cash measure. Some expenditure overlaps with expenses or capitalised cash already captured.", "verdict": "verified", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Design spend and intangibleaccounting", "notes": "Studio/tooling inputs canoverlap expensed/capitalizedspend; no doublededuction." }, { "file": "games-workshop-data.json", "pathOrText": "/notes/6", "claim": "Price changes are not assumed to equal inflation or volume changes. A fixed basket of unchanged products is not yet compiled. Revenue growth less a headline price increase is not a verified unit-growth figure.", "verdict": "editorial_interpretation", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/5qDkmHQ0CNK6sLe6s990jL/ee0e6d81c35361803e7ab41b8c01add9/2024-25_accounts_FINAL_-_updated.pdf", "locator": "RRPdiscussion", "notes": "5%/4% averages do not isolate volume or inflation." }, { "file": "games-workshop-data.json", "pathOrText": "/notes/7", "claim": "The FY2023 and FY2024 My Warhammer annual observations use period-end disclosures in the respective annual reports, with the same six-month engagement definition. The FY2025 report’s FY2024 comparative is also retained as corroborating evidence. Earlier Warhammer+ counts are described as current publication-date observations and remain separate from the annual year-end series.", "verdict": "corrected", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Printedp9 My Warhammer and Warhammer+; FY2023 reportp8; FY2025 comparative", "notes": "Align the general methodology note with the new annual observations while retaining the timing distinction for Warhammer+ subscribers.", "originalClaim": "FY2024 and FY2023 Warhammer+ counts are described in the FY2024 report as current and prior observations; kept separately below. FY2024 My Warhammer count is retained as the FY2025 comparative." }, { "file": "games-workshop.html", "pathOrText": "Core gross margin was 71.1%; core operating margin was 39.1%.", "claim": "Core gross margin was 71.1%; core operating margin was 39.1%.", "verdict": "calculated", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Financialreview; coresegmentnote3", "notes": "Gross71.1 companyreported; operating245.1/626.8×100=39.1034%." }, { "file": "games-workshop.html", "pathOrText": "FY2021: Warhammer40,000 ninth edition, July2020.", "claim": "FY2021: Warhammer40,000 ninth edition, July2020.", "verdict": "verified", "sourceUrl": "https://trade.games-workshop.com/pl/article/warhammer-40000-indomitus/", "locator": "Issuer retailer announcement3July2020, release25July; annual2021baseline in2022report", "notes": "" }, { "file": "games-workshop.html", "pathOrText": "FY2022: Age of Sigmar third edition July2021; Kill Team edition.", "claim": "FY2022: Age of Sigmar third edition July2021; Kill Team edition.", "verdict": "verified", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/4wT1AjfBUUX6HWQ0HhAAnu/ac4403cd600cef16674bfa20462a280b/2021-22-accounts-Final-NoM.pdf", "locator": "Strategicreport release section", "notes": "" }, { "file": "games-workshop.html", "pathOrText": "FY2023: Horus Heresy edition June2022.", "claim": "FY2023: Horus Heresy edition June2022.", "verdict": "verified", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/3Bxadr0YTIX0hGl1H7DPGe/8e1361726a8e0c8dfef9bcdae8299480/2022-23_accounts_-_final.pdf", "locator": "Strategicreport: HorusHeresy launchedJune2022; 40k10th afterfiscalyearend", "notes": "" }, { "file": "games-workshop.html", "pathOrText": "FY2024: Warhammer40,000 tenth edition June2023.", "claim": "FY2024: Warhammer40,000 tenth edition June2023.", "verdict": "verified", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Strategicreport release/calendar section", "notes": "" }, { "file": "games-workshop.html", "pathOrText": "FY2024: The Old World January2024.", "claim": "FY2024: The Old World January2024.", "verdict": "verified", "sourceUrl": "https://www.warhammer-community.com/en-gb/articles/lyzpUdEz/saturday-pre-orders-warhammer-the-old-world/", "locator": "Issuer6Jan2024 release announcement20Jan; regionaldelay exceptions stated", "notes": "" }, { "file": "games-workshop.html", "pathOrText": "FY2025: Age of Sigmar fourth edition July2024; Kill Team September2024.", "claim": "FY2025: Age of Sigmar fourth edition July2024; Kill Team September2024.", "verdict": "verified", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/5qDkmHQ0CNK6sLe6s990jL/ee0e6d81c35361803e7ab41b8c01add9/2024-25_accounts_FINAL_-_updated.pdf", "locator": "Strategicreport productrelease section", "notes": "" }, { "file": "games-workshop.html", "pathOrText": "FY2026: Horus Heresy July2025, SpaceWolves; 40k edition announcementMarch2026.", "claim": "FY2026: Horus Heresy July2025, SpaceWolves; 40k edition announcementMarch2026.", "verdict": "verified", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Warhammer40k and HorusHeresy narrative; announcement notcertified asreleased", "notes": "" }, { "file": "games-workshop.html", "pathOrText": "40kFY2021→FY2024 historical core-revenue cycle comparison", "claim": "40kFY2021→FY2024 historical core-revenue cycle comparison", "verdict": "calculated", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Core revenue annualresults withsourceyearcomparative", "notes": "GBP353.2m→GBP494.7m; totalgrowth40.1%; annualized over3fiscalyears11.9%. Source revenueverified; doesnot isolateeditioneffect;53weekFY2024caveat." }, { "file": "games-workshop.html", "pathOrText": "AgeofSigmarFY2022→FY2025 historical core-revenue cycle comparison", "claim": "AgeofSigmarFY2022→FY2025 historical core-revenue cycle comparison", "verdict": "calculated", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/5qDkmHQ0CNK6sLe6s990jL/ee0e6d81c35361803e7ab41b8c01add9/2024-25_accounts_FINAL_-_updated.pdf", "locator": "Core revenue annualresults withsourceyearcomparative", "notes": "GBP386.8m→GBP565m; totalgrowth46.1%; annualized over3fiscalyears13.5%. Source revenueverified; doesnot isolateeditioneffect;53weekFY2024caveat." }, { "file": "games-workshop.html", "pathOrText": "HorusHeresyFY2023→FY2026 historical core-revenue cycle comparison", "claim": "HorusHeresyFY2023→FY2026 historical core-revenue cycle comparison", "verdict": "calculated", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Core revenue annualresults withsourceyearcomparative", "notes": "GBP445.4m→GBP626.8m; totalgrowth40.7%; annualized over3fiscalyears12.1%. Source revenueverified; doesnot isolateeditioneffect;53weekFY2024caveat." }, { "file": "games-workshop.html", "pathOrText": "FY2025 management linked Space Marine2 and Secret Level to additional store interest and related product demand.", "claim": "FY2025 management linked Space Marine2 and Secret Level to additional store interest and related product demand.", "verdict": "verified", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/5qDkmHQ0CNK6sLe6s990jL/ee0e6d81c35361803e7ab41b8c01add9/2024-25_accounts_FINAL_-_updated.pdf", "locator": "Licensing/retail review", "notes": "Issuerattribution, no measuredconversionrate." }, { "file": "games-workshop.html", "pathOrText": "Games Workshop designs, manufactures and sells miniatures and related hobby products, and licenses its intellectual property.", "claim": "Games Workshop designs, manufactures and sells miniatures and related hobby products, and licenses its intellectual property.", "verdict": "verified", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Businessmodel and revenue/segmentnotes", "notes": "Core/licensing andTrade/Retail/Online boundariesverified." }, { "file": "games-workshop.html", "pathOrText": "What creates the moat?", "claim": "What creates the moat?", "verdict": "editorial_interpretation", "sourceUrl": "https://data.fca.org.uk/artefacts/NSM/RNS/6556e3ad-3e16-4379-a73b-9006edb45cb8.html", "locator": "Business model and discussion; editorial framework", "notes": "Rules, army collections, community, pricing andmedia causal claims explicitlyconditional; no empirical retention,uniqueplayers orconversionestimate certified." } ], "corrections": [ { "file": "games-workshop-data.json", "path": "/periods/annual/1/activeUsers", "oldValue": null, "newValue": 427000, "reason": "The annual report explicitly states 427,000 active My Warhammer users at the period end, using the same definition of online engagement during the preceding six months. The current null is an omission, not a disclosure gap. Preserve the existing approximate-count presentation and attach this source.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/3Bxadr0YTIX0hGl1H7DPGe/8e1361726a8e0c8dfef9bcdae8299480/2022-23_accounts_-_final.pdf", "locator": "Printedp8 Customerfocused /MyWarhammer", "period": "FY2023 ended28May2023", "currency": "not applicable", "units": "users", "accountingBasis": "reported operating KPI/APM, source precision retained" }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/activeUsers", "oldValue": null, "newValue": 565000, "reason": "The annual report explicitly states 565,000 active My Warhammer users at the period end, using the same definition of online engagement during the preceding six months. The current null is an omission, not a disclosure gap. Preserve the existing approximate-count presentation and attach this source.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Printedp9 Customerfocused /MyWarhammer", "period": "FY2024 ended2June2024", "currency": "not applicable", "units": "users", "accountingBasis": "reported operating KPI/APM, source precision retained" } ], "unresolved": [ "Unique buyers, retention, miniature unit volumes, a consistent unchanged-product price basket and cash returns by new customer remain unavailable. Active online accounts, subscribers and customers are separate populations." ], "batch": "operations", "name": "Games Workshop", "pages": [ "games-workshop.html" ], "reviewComplete": true, "originalResearchSummary": "All 109 populated period numbers and their historical calculations match primary sources. The gap sweep found comparable period-end My Warhammer active-user counts for FY2023 and FY2024; backfill 427,000 and 565,000 with their source dates and count qualifiers. Publication-date Warhammer+ counts remain separate from financial year-end observations.", "originalUnresolved": [ "Apply verifiedbackfills listedincorrections; existingnulls are omissions for those exactpaths.", "Unique buyers,retention,miniaturevolumes,unchanged-productpricebasket andcashreturnsbynewcustomer remainunavailable; no fabricatedprecision." ], "correctionsApplied": 9, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 86, "not_verified": 39, "calculated": 25 }, "sourceCount": 7 }, { "id": "tortilla", "status": "partial", "periodsReviewed": [ "2021", "2022", "2023", "2024", "2025", "H1 2025*", "H1 2026" ], "summary": "Completed source review: 191 source checks, 30 arithmetic checks, 86 unverified checks. 8 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.investegate.co.uk/announcement/rns/tortilla-mexican-grill--mex/annual-results/6904144", "locator": "Financial review; consolidated income statement, balance sheet and cash flow; alternative performance measures and restaurant estate.", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "tortilla-data.json", "path": "/periods/annual/0/weeks", "value": 52, "status": "verified", "sourceValue": 52, "unit": "weeks", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/revenue", "value": 48.075399, "status": "verified", "sourceValue": 48.075399, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/grossProfit", "value": 38.278164, "status": "verified", "sourceValue": 38.278164, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/grossMarginPct", "value": 79.6, "status": "verified", "sourceValue": 79.6, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/adjEbitda", "value": 8.7, "status": "verified", "sourceValue": 8.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Rounded £m; included £3.9m VAT benefit, per FY2022 report." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/operatingProfit", "value": 3.634155, "status": "verified", "sourceValue": 3.634155, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/netProfit", "value": 1.361574, "status": "verified", "sourceValue": 1.361574, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/cashOperations", "value": 11.723129, "status": "verified", "sourceValue": 11.723129, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/tangibleCapex", "value": 2.793181, "status": "verified", "sourceValue": 2.793181, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/intangibleCapex", "value": 0, "status": "verified", "sourceValue": 0, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/cashLeasePayments", "value": 3.932971, "status": "verified", "sourceValue": 3.932971, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Full cash lease-payment line; lease interest expense is not deducted a second time." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/interestPaid", "value": 0.203303, "status": "verified", "sourceValue": 0.203303, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/cashBalance", "value": 9.653172, "status": "verified", "sourceValue": 9.653172, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Balance-sheet cash; cash-flow closing cash can be net of overdraft and is a separate measure." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/netDebtExLeases", "value": -6.741231, "status": "calculated", "sourceValue": -6.741230999999999, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Balance-sheet borrowings 2.911941 minus unrestricted balance-sheet cash 9.653172, GBP million; excludes leases. Later periods use company adjusted APM instead." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/totalSites", "value": 64, "status": "verified", "sourceValue": 64, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2022-01-02; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/ownSites", "value": 51, "status": "verified", "sourceValue": 51, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2022-01-02; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/franchiseSites", "value": 13, "status": "verified", "sourceValue": 13, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2022-01-02; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/ukOwnSites", "value": 51, "status": "verified", "sourceValue": 51, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/ukFranchiseSites", "value": 3, "status": "verified", "sourceValue": 3, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/uaeFranchiseSites", "value": 10, "status": "verified", "sourceValue": 10, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/ukLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/lflVs2019Pct", "value": 23.8, "status": "verified", "sourceValue": 23.8, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/0/cashAfterLeaseInterestCapex", "value": 4.793673999999999, "status": "calculated", "sourceValue": 4.793673999999999, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash operations − lease cash payments − bank interest paid − total cash capex. " }, { "file": "tortilla-data.json", "path": "/periods/annual/0/capex", "value": 2.793181, "status": "calculated", "sourceValue": 2.793181, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash purchases of tangible + intangible assets. " }, { "file": "tortilla-data.json", "path": "/periods/annual/0/adjEbitdaMarginPct", "value": 18.096573675862782, "status": "calculated", "sourceValue": 18.096573675862782, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Adjusted EBITDA pre-IFRS 16 / revenue × 100. " }, { "file": "tortilla-data.json", "path": "/periods/annual/0/revenueGrowth", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No previousmatchingperiod withinstoredseries; notcompareH1toannualflow." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/ukInStoreLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/ukDeliveryLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/ukVolumeGrowthPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/franceConvertedLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/repeatRate", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/averageSpend", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / order", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/ukAdjEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "OlderreportsaggregateoneIFRS8reportingsegment;geographicalUKrevenueexcludesRestofWorldwherecurrentUKoperationalsegmentincludesMiddleEastfranchiseincome. No exactcomparableexplicitsegmentamount established for thisrow (exceptseparatelyproposed2023APMbackfills). Francepreacquisitionnotanactivehistoricalsegment." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/franceAdjEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "OlderreportsaggregateoneIFRS8reportingsegment;geographicalUKrevenueexcludesRestofWorldwherecurrentUKoperationalsegmentincludesMiddleEastfranchiseincome. No exactcomparableexplicitsegmentamount established for thisrow (exceptseparatelyproposed2023APMbackfills). Francepreacquisitionnotanactivehistoricalsegment." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/franceGrossMarginPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/foodCostPerMeal", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / meal", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/kitchenUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/labourCostPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/sitePayback", "value": null, "status": "not_verified", "sourceValue": null, "unit": "years", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/ukRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "OlderreportsaggregateoneIFRS8reportingsegment;geographicalUKrevenueexcludesRestofWorldwherecurrentUKoperationalsegmentincludesMiddleEastfranchiseincome. No exactcomparableexplicitsegmentamount established for thisrow (exceptseparatelyproposed2023APMbackfills). Francepreacquisitionnotanactivehistoricalsegment." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/franceRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "OlderreportsaggregateoneIFRS8reportingsegment;geographicalUKrevenueexcludesRestofWorldwherecurrentUKoperationalsegmentincludesMiddleEastfranchiseincome. No exactcomparableexplicitsegmentamount established for thisrow (exceptseparatelyproposed2023APMbackfills). Francepreacquisitionnotanactivehistoricalsegment." } ] }, { "sourceUrl": "https://www.investegate.co.uk/index.php/announcement/rns/tortilla-mexican-grill--mex/annual-results-publication-of-annual-report/7331638", "locator": "Financial review; consolidated income statement, balance sheet and cash flow; alternative performance measures and restaurant estate.", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "tortilla-data.json", "path": "/periods/annual/0/leaseLiabilities", "value": 31.66209, "status": "verified", "sourceValue": 31.66209, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Consolidated statement of financial position and note 14; RNS lines 663–672 / 1563–1593. GBP millions. FY2022 balance-sheet sum and maturity table equal £36,723,891; lease movement note prints £36,723,889, a £2 discrepancy. Use balance-sheet/maturity figure and retain source note. FY2021 current £5,830,987 + non-current £25,831,103." }, { "file": "tortilla-data.json", "path": "/periods/annual/0/franchiseIncome", "value": 0.306121, "status": "verified", "sourceValue": 0.306121, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Note 4 Revenue (RNS lines 1245–1255). GBP millions. Franchise income, matching consolidated annual metric; not consumer system sales." } ] }, { "sourceUrl": "https://www.investegate.co.uk/index.php/announcement/rns/tortilla-mexican-grill--mex/annual-results-publication-of-annual-report/7331638", "locator": "Financial review; consolidated income statement, balance sheet and cash flow; alternative performance measures and restaurant estate.", "period": "2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "tortilla-data.json", "path": "/periods/annual/1/weeks", "value": 52, "status": "verified", "sourceValue": 52, "unit": "weeks", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/revenue", "value": 57.698487, "status": "verified", "sourceValue": 57.698487, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/grossProfit", "value": 44.092662, "status": "verified", "sourceValue": 44.092662, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/grossMarginPct", "value": 76.4, "status": "verified", "sourceValue": 76.4, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/adjEbitda", "value": 3.972471, "status": "verified", "sourceValue": 3.972471, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/operatingProfit", "value": 0.536129, "status": "verified", "sourceValue": 0.536129, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/netProfit", "value": -0.638222, "status": "verified", "sourceValue": -0.638222, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/cashOperations", "value": 7.587397, "status": "verified", "sourceValue": 7.587397, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/tangibleCapex", "value": 6.643962, "status": "verified", "sourceValue": 6.643962, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/intangibleCapex", "value": 0, "status": "verified", "sourceValue": 0, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/cashLeasePayments", "value": 6.353067, "status": "verified", "sourceValue": 6.353067, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Full cash lease-payment line; lease interest expense is not deducted a second time." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/interestPaid", "value": 0.181759, "status": "verified", "sourceValue": 0.181759, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/cashBalance", "value": 2.3758, "status": "verified", "sourceValue": 2.3758, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Balance-sheet cash; cash-flow closing cash can be net of overdraft and is a separate measure." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/netDebtExLeases", "value": 0.554681, "status": "calculated", "sourceValue": 0.554681, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Balance-sheet borrowings 2.930481 minus unrestricted balance-sheet cash 2.3758, GBP million; excludes leases. Later periods use company adjusted APM instead." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/totalSites", "value": 82, "status": "verified", "sourceValue": 82, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2023-01-01; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/ownSites", "value": null, "status": "not_verified", "sourceValue": null, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "FY2022issuerproseown62 plusUKfranchises9 plusUAE8 totals79, conflictingreported82estate; no unambiguousownedcount." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/franchiseSites", "value": 17, "status": "verified", "sourceValue": 17, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2023-01-01; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/ukOwnSites", "value": null, "status": "not_verified", "sourceValue": null, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "FY2022issuerproseown62 plusUKfranchises9 plusUAE8 totals79, conflictingreported82estate; no unambiguousownedcount." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/ukFranchiseSites", "value": 9, "status": "verified", "sourceValue": 9, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/uaeFranchiseSites", "value": 8, "status": "verified", "sourceValue": 8, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/ukLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/lflVs2019Pct", "value": 16.4, "status": "verified", "sourceValue": 16.4, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/1/cashAfterLeaseInterestCapex", "value": -5.591391, "status": "calculated", "sourceValue": -5.591391, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash operations − lease cash payments − bank interest paid − total cash capex. " }, { "file": "tortilla-data.json", "path": "/periods/annual/1/capex", "value": 6.643962, "status": "calculated", "sourceValue": 6.643962, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash purchases of tangible + intangible assets. " }, { "file": "tortilla-data.json", "path": "/periods/annual/1/adjEbitdaMarginPct", "value": 6.884878974382811, "status": "calculated", "sourceValue": 6.884878974382811, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Adjusted EBITDA pre-IFRS 16 / revenue × 100. " }, { "file": "tortilla-data.json", "path": "/periods/annual/1/revenueGrowth", "value": 20.01665758405875, "status": "calculated", "sourceValue": 20.01665758405875, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current revenue / prior comparable-period revenue − 1. " }, { "file": "tortilla-data.json", "path": "/periods/annual/1/ukInStoreLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/ukDeliveryLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/ukVolumeGrowthPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/franceConvertedLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/repeatRate", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/averageSpend", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / order", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/ukAdjEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "OlderreportsaggregateoneIFRS8reportingsegment;geographicalUKrevenueexcludesRestofWorldwherecurrentUKoperationalsegmentincludesMiddleEastfranchiseincome. No exactcomparableexplicitsegmentamount established for thisrow (exceptseparatelyproposed2023APMbackfills). Francepreacquisitionnotanactivehistoricalsegment." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/franceAdjEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "OlderreportsaggregateoneIFRS8reportingsegment;geographicalUKrevenueexcludesRestofWorldwherecurrentUKoperationalsegmentincludesMiddleEastfranchiseincome. No exactcomparableexplicitsegmentamount established for thisrow (exceptseparatelyproposed2023APMbackfills). Francepreacquisitionnotanactivehistoricalsegment." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/franceGrossMarginPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/foodCostPerMeal", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / meal", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/kitchenUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/labourCostPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/leaseLiabilities", "value": 36.723891, "status": "verified", "sourceValue": 36.723891, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Consolidated statement of financial position and note 14; RNS lines 663–672 / 1563–1593. GBP millions. FY2022 balance-sheet sum and maturity table equal £36,723,891; lease movement note prints £36,723,889, a £2 discrepancy. Use balance-sheet/maturity figure and retain source note. FY2021 current £5,830,987 + non-current £25,831,103." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/franchiseIncome", "value": 0.647851, "status": "verified", "sourceValue": 0.647851, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Note 4 Revenue (RNS lines 1245–1255). GBP millions. Franchise income, matching consolidated annual metric; not consumer system sales." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/sitePayback", "value": null, "status": "not_verified", "sourceValue": null, "unit": "years", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/ukRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "OlderreportsaggregateoneIFRS8reportingsegment;geographicalUKrevenueexcludesRestofWorldwherecurrentUKoperationalsegmentincludesMiddleEastfranchiseincome. No exactcomparableexplicitsegmentamount established for thisrow (exceptseparatelyproposed2023APMbackfills). Francepreacquisitionnotanactivehistoricalsegment." }, { "file": "tortilla-data.json", "path": "/periods/annual/1/franceRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "OlderreportsaggregateoneIFRS8reportingsegment;geographicalUKrevenueexcludesRestofWorldwherecurrentUKoperationalsegmentincludesMiddleEastfranchiseincome. No exactcomparableexplicitsegmentamount established for thisrow (exceptseparatelyproposed2023APMbackfills). Francepreacquisitionnotanactivehistoricalsegment." } ] }, { "sourceUrl": "https://www.lse.co.uk/rns/MEX/annual-results-and-publication-of-annual-report-gm0wmczy71n7jfd.html", "locator": "Financial review; consolidated income statement, balance sheet and cash flow; alternative performance measures and restaurant estate.", "period": "2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "issuer annual announcement statement tables labelled unaudited; no audited opinion independently certified", "checks": [ { "file": "tortilla-data.json", "path": "/periods/annual/2/weeks", "value": 52, "status": "verified", "sourceValue": 52, "unit": "weeks", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/revenue", "value": 65.674965, "status": "verified", "sourceValue": 65.674965, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/grossProfit", "value": 50.791761, "status": "verified", "sourceValue": 50.791761, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/grossMarginPct", "value": 77.3, "status": "verified", "sourceValue": 77.3, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/adjEbitda", "value": 4.565275, "status": "verified", "sourceValue": 4.565275, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/operatingProfit", "value": 0.68411, "status": "verified", "sourceValue": 0.68411, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/netProfit", "value": -1.092543, "status": "verified", "sourceValue": -1.092543, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/cashOperations", "value": 9.936692, "status": "verified", "sourceValue": 9.936692, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/tangibleCapex", "value": 4.535117, "status": "verified", "sourceValue": 4.535117, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/intangibleCapex", "value": 0, "status": "verified", "sourceValue": 0, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/cashLeasePayments", "value": 5.881752, "status": "verified", "sourceValue": 5.881752, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Full cash lease-payment line; lease interest expense is not deducted a second time." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/interestPaid", "value": 0.282849, "status": "verified", "sourceValue": 0.282849, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/cashBalance", "value": 1.644674, "status": "verified", "sourceValue": 1.644674, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Balance-sheet cash; cash-flow closing cash can be net of overdraft and is a separate measure." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/netDebtExLeases", "value": 1.304347, "status": "calculated", "sourceValue": 1.3043470000000001, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Balance-sheet borrowings 2.949021 minus unrestricted balance-sheet cash 1.644674, GBP million; excludes leases. Later periods use company adjusted APM instead." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/totalSites", "value": 87, "status": "verified", "sourceValue": 87, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2023-12-31; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/ownSites", "value": 69, "status": "verified", "sourceValue": 69, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2023-12-31; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/franchiseSites", "value": 18, "status": "verified", "sourceValue": 18, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2023-12-31; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/ukOwnSites", "value": 69, "status": "verified", "sourceValue": 69, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/ukFranchiseSites", "value": 10, "status": "verified", "sourceValue": 10, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/uaeFranchiseSites", "value": 8, "status": "verified", "sourceValue": 8, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/ukLflPct", "value": 3.6, "status": "verified", "sourceValue": 3.6, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/ukLflVatAdjustedPct", "value": 4.9, "status": "verified", "sourceValue": 4.9, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/cashAfterLeaseInterestCapex", "value": -0.7630259999999986, "status": "calculated", "sourceValue": -0.7630259999999985, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash operations − lease cash payments − bank interest paid − total cash capex. " }, { "file": "tortilla-data.json", "path": "/periods/annual/2/capex", "value": 4.535117, "status": "calculated", "sourceValue": 4.535117, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash purchases of tangible + intangible assets. " }, { "file": "tortilla-data.json", "path": "/periods/annual/2/adjEbitdaMarginPct", "value": 6.951316989662651, "status": "calculated", "sourceValue": 6.951316989662651, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Adjusted EBITDA pre-IFRS 16 / revenue × 100. " }, { "file": "tortilla-data.json", "path": "/periods/annual/2/revenueGrowth", "value": 13.824414494612313, "status": "calculated", "sourceValue": 13.824414494612313, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current revenue / prior comparable-period revenue − 1. " }, { "file": "tortilla-data.json", "path": "/periods/annual/2/ukInStoreLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/ukDeliveryLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/ukVolumeGrowthPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/franceConvertedLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/repeatRate", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/averageSpend", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / order", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/franceGrossMarginPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/foodCostPerMeal", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / meal", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/kitchenUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/labourCostPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/leaseLiabilities", "value": 35.203839, "status": "verified", "sourceValue": 35.203839, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Statement of financial position and note 13, carrying amount by maturity. GBP millions: £5,670,902 current + £29,532,937 non-current. Do not substitute undiscounted £43,356,322." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/franchiseIncome", "value": 0.826916, "status": "verified", "sourceValue": 0.826916, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Note 4 Revenue (RNS lines 1073–1079). GBP millions. FY2022 comparative £647,851 independently confirms prior year." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/sitePayback", "value": null, "status": "not_verified", "sourceValue": null, "unit": "years", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/ukRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "OlderreportsaggregateoneIFRS8reportingsegment;geographicalUKrevenueexcludesRestofWorldwherecurrentUKoperationalsegmentincludesMiddleEastfranchiseincome. No exactcomparableexplicitsegmentamount established for thisrow (exceptseparatelyproposed2023APMbackfills). Francepreacquisitionnotanactivehistoricalsegment." }, { "file": "tortilla-data.json", "path": "/periods/annual/2/franceRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "OlderreportsaggregateoneIFRS8reportingsegment;geographicalUKrevenueexcludesRestofWorldwherecurrentUKoperationalsegmentincludesMiddleEastfranchiseincome. No exactcomparableexplicitsegmentamount established for thisrow (exceptseparatelyproposed2023APMbackfills). Francepreacquisitionnotanactivehistoricalsegment." } ] }, { "sourceUrl": "https://www.investegate.co.uk/announcement/rns/tortilla-mexican-grill--mex/final-results-replacement/9688615", "locator": "Financial review; consolidated income statement, balance sheet and cash flow; alternative performance measures and restaurant estate.", "period": "2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "tortilla-data.json", "path": "/periods/annual/3/weeks", "value": 52, "status": "verified", "sourceValue": 52, "unit": "weeks", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/revenue", "value": 67.999489, "status": "verified", "sourceValue": 67.999489, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/grossProfit", "value": 52.100241, "status": "verified", "sourceValue": 52.100241, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/grossMarginPct", "value": 76.6, "status": "verified", "sourceValue": 76.6, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/adjEbitda", "value": 4.5, "status": "verified", "sourceValue": 4.5, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "rounded £m" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/operatingProfit", "value": -1.186504, "status": "verified", "sourceValue": -1.186504, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/netProfit", "value": -3.326471, "status": "verified", "sourceValue": -3.326471, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/ukRevenue", "value": 64.996151, "status": "verified", "sourceValue": 64.996151, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/franceRevenue", "value": 3.003338, "status": "verified", "sourceValue": 3.003338, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Partial-year consolidation; FY2025 is a full year." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/ukAdjEbitda", "value": 5.2, "status": "verified", "sourceValue": 5.2, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/franceAdjEbitda", "value": -0.7, "status": "verified", "sourceValue": -0.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Rounded; partial year after the France acquisition." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/cashOperations", "value": 10.585298, "status": "verified", "sourceValue": 10.585298, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/tangibleCapex", "value": 4.999191, "status": "verified", "sourceValue": 4.999191, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/intangibleCapex", "value": 0, "status": "verified", "sourceValue": 0, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/cashLeasePayments", "value": 6.853314, "status": "verified", "sourceValue": 6.853314, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Full cash lease-payment line; lease interest expense is not deducted a second time." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/interestPaid", "value": 0.477781, "status": "verified", "sourceValue": 0.477781, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/cashBalance", "value": 2.76096, "status": "verified", "sourceValue": 2.76096, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Balance-sheet cash; cash-flow closing cash can be net of overdraft and is a separate measure." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/netDebtExLeases", "value": 5.7, "status": "verified", "sourceValue": 5.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer adjusted net-debt APM, excludes lease liabilities and includes delivery cash-in-transit adjustments", "notes": "company rounded adjusted APM, excluding leases" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/totalSites", "value": 117, "status": "verified", "sourceValue": 117, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2024-12-29; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/ukLflPct", "value": -0.1, "status": "verified", "sourceValue": -0.1, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Alternative performance measures table, FY24 comparative (RNS lines 352–357). Latest audited-results APM table explicitly labels UK LFL -0.1%. Original FY2024 release also calls -0.1% in-store growth; preserve original source/scope caveat rather than claiming these are an identical all-channel definition." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/groupLflPct", "value": -0.1, "status": "verified", "sourceValue": -0.1, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/franceLflPct", "value": -15, "status": "verified", "sourceValue": -15, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/systemSales", "value": 90, "status": "verified", "sourceValue": 90, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/cashAfterLeaseInterestCapex", "value": -1.7449880000000002, "status": "calculated", "sourceValue": -1.744988, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash operations − lease cash payments − bank interest paid − total cash capex. " }, { "file": "tortilla-data.json", "path": "/periods/annual/3/capex", "value": 4.999191, "status": "calculated", "sourceValue": 4.999191, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash purchases of tangible + intangible assets. " }, { "file": "tortilla-data.json", "path": "/periods/annual/3/adjEbitdaMarginPct", "value": 6.617696788868517, "status": "calculated", "sourceValue": 6.617696788868517, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Adjusted EBITDA pre-IFRS 16 / revenue × 100. " }, { "file": "tortilla-data.json", "path": "/periods/annual/3/revenueGrowth", "value": 3.5394369833314565, "status": "calculated", "sourceValue": 3.5394369833314565, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current revenue / prior comparable-period revenue − 1. " }, { "file": "tortilla-data.json", "path": "/periods/annual/3/leaseLiabilities", "value": 37.550333, "status": "verified", "sourceValue": 37.550333, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/franchiseIncome", "value": 1.101264, "status": "verified", "sourceValue": 1.101264, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/3/ukVolumeGrowthPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/franceConvertedLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/repeatRate", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/averageSpend", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / order", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/franceGrossMarginPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/foodCostPerMeal", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / meal", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/kitchenUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/labourCostPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/sitePayback", "value": null, "status": "not_verified", "sourceValue": null, "unit": "years", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." } ] }, { "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Consolidated statements, notes and operating performance tables (field locator in checks).", "period": "2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "tortilla-data.json", "path": "/periods/annual/3/ownSites", "value": 81, "status": "verified", "sourceValue": 81, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Printed p.7, Property portfolio and strategy. Explicit end-2024 inventory: own 68 UK + 13 France = 81; franchise 7 SSP + 5 Compass + 10 Middle East + 14 France = 36; total 117. Add source-specific provenance and replace current metric caveat saying 2024 split is not established. About-company text at publication date is a different snapshot." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/franchiseSites", "value": 36, "status": "verified", "sourceValue": 36, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Printed p.7, Property portfolio and strategy. Explicit end-2024 inventory: own 68 UK + 13 France = 81; franchise 7 SSP + 5 Compass + 10 Middle East + 14 France = 36; total 117. Add source-specific provenance and replace current metric caveat saying 2024 split is not established. About-company text at publication date is a different snapshot." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/ukInStoreLflPct", "value": -0.1, "status": "verified", "sourceValue": -0.1, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Printed p.9, Financial review / Revenue (PDF lines 460–464). The source explicitly gives whole-year in-store -0.1% and delivery -11.2%. Retain separate channel metrics; do not replace with year-end +6% exit-growth snapshot." }, { "file": "tortilla-data.json", "path": "/periods/annual/3/ukDeliveryLflPct", "value": -11.2, "status": "verified", "sourceValue": -11.2, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Printed p.9, Financial review / Revenue (PDF lines 460–464). The source explicitly gives whole-year in-store -0.1% and delivery -11.2%. Retain separate channel metrics; do not replace with year-end +6% exit-growth snapshot." } ] }, { "sourceUrl": "https://www.investegate.co.uk/announcement/rns/tortilla-mexican-grill--mex/final-results-replacement/9688615", "locator": "Financial review; consolidated income statement, balance sheet and cash flow; alternative performance measures and restaurant estate.", "period": "2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "final annual report / issuer final-results release; source accounting labels retained", "checks": [ { "file": "tortilla-data.json", "path": "/periods/annual/4/weeks", "value": 52, "status": "verified", "sourceValue": 52, "unit": "weeks", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/revenue", "value": 73.989937, "status": "verified", "sourceValue": 73.989937, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Audited statement: £73.989937m; conflicts with £73.8m announcement headline." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/grossProfit", "value": 55.666847, "status": "verified", "sourceValue": 55.666847, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/grossMarginPct", "value": 75.2, "status": "verified", "sourceValue": 75.2, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/adjEbitda", "value": 1.1, "status": "verified", "sourceValue": 1.1, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "rounded £m" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/operatingProfit", "value": -12.098558, "status": "verified", "sourceValue": -12.098558, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/netProfit", "value": -15.109996, "status": "verified", "sourceValue": -15.109996, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Includes £9.9m noncash impairment charges; not a measure of current cash burn." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/ukRevenue", "value": 68.10067, "status": "verified", "sourceValue": 68.10067, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/franceRevenue", "value": 5.889267, "status": "verified", "sourceValue": 5.889267, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/ukAdjEbitda", "value": 6.3, "status": "verified", "sourceValue": 6.3, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/franceAdjEbitda", "value": -5.2, "status": "verified", "sourceValue": -5.2, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/cashOperations", "value": 7.429739, "status": "verified", "sourceValue": 7.429739, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/tangibleCapex", "value": 4.24978, "status": "verified", "sourceValue": 4.24978, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/intangibleCapex", "value": 0.016917, "status": "verified", "sourceValue": 0.016917, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/cashLeasePayments", "value": 7.623278, "status": "verified", "sourceValue": 7.623278, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Full cash lease-payment line; lease interest expense is not deducted a second time." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/interestPaid", "value": 0.7918, "status": "verified", "sourceValue": 0.7918, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/cashBalance", "value": 1.608931, "status": "verified", "sourceValue": 1.608931, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Balance-sheet cash; cash-flow closing cash can be net of overdraft and is a separate measure." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/cashFlowClosingCashNetOverdraft", "value": -0.304864, "status": "verified", "sourceValue": -0.304864, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/netDebtExLeases", "value": 10.8, "status": "verified", "sourceValue": 10.8, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer adjusted net-debt APM, excludes lease liabilities and includes delivery cash-in-transit adjustments", "notes": "company adjusted APM, including delivery cash in transit and excluding leases" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/totalSites", "value": 114, "status": "verified", "sourceValue": 114, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2025-12-28; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/ownSites", "value": 78, "status": "verified", "sourceValue": 78, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2025-12-28; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/franchiseSites", "value": 36, "status": "verified", "sourceValue": 36, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2025-12-28; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/ukOwnSites", "value": 65, "status": "verified", "sourceValue": 65, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/ukFranchiseSites", "value": 15, "status": "verified", "sourceValue": 15, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/franceOwnSites", "value": 13, "status": "verified", "sourceValue": 13, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/franceFranchiseSites", "value": 9, "status": "verified", "sourceValue": 9, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/uaeFranchiseSites", "value": 12, "status": "verified", "sourceValue": 12, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/ukLflPct", "value": 6.2, "status": "verified", "sourceValue": 6.2, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/ukInStoreLflPct", "value": 2.9, "status": "verified", "sourceValue": 2.9, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/ukDeliveryLflPct", "value": 12.9, "status": "verified", "sourceValue": 12.9, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/groupLflPct", "value": 5.3, "status": "verified", "sourceValue": 5.3, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/franceLflPct", "value": 1.7, "status": "verified", "sourceValue": 1.7, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/systemSales", "value": 98.3, "status": "verified", "sourceValue": 98.3, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/cashAfterLeaseInterestCapex", "value": -5.252036000000001, "status": "calculated", "sourceValue": -5.252036000000001, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash operations − lease cash payments − bank interest paid − total cash capex. " }, { "file": "tortilla-data.json", "path": "/periods/annual/4/capex", "value": 4.266697000000001, "status": "calculated", "sourceValue": 4.266697000000001, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash purchases of tangible + intangible assets. " }, { "file": "tortilla-data.json", "path": "/periods/annual/4/adjEbitdaMarginPct", "value": 1.4866886560533228, "status": "calculated", "sourceValue": 1.4866886560533228, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Adjusted EBITDA pre-IFRS 16 / revenue × 100. " }, { "file": "tortilla-data.json", "path": "/periods/annual/4/revenueGrowth", "value": 8.809548554107515, "status": "calculated", "sourceValue": 8.809548554107515, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current revenue / prior comparable-period revenue − 1. " }, { "file": "tortilla-data.json", "path": "/periods/annual/4/leaseLiabilities", "value": 35.508475, "status": "verified", "sourceValue": 35.508475, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/franchiseIncome", "value": 1.7459, "status": "verified", "sourceValue": 1.7459, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/annual/4/ukVolumeGrowthPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/franceConvertedLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/repeatRate", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/averageSpend", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / order", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/franceGrossMarginPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/foodCostPerMeal", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / meal", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/kitchenUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/labourCostPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/annual/4/sitePayback", "value": null, "status": "not_verified", "sourceValue": null, "unit": "years", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." } ] }, { "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Financial review; consolidated income statement, balance sheet and cash flow; alternative performance measures and restaurant estate.", "period": "H1 2025*", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "unaudited interim; H12025 financial comparisons restated", "checks": [ { "file": "tortilla-data.json", "path": "/periods/halfYear/0/weeks", "value": 26, "status": "verified", "sourceValue": 26, "unit": "weeks", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/revenue", "value": 36.316, "status": "verified", "sourceValue": 36.316, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Restated in the H1 2026 report. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/grossProfit", "value": 27.327, "status": "verified", "sourceValue": 27.327, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/grossMarginPct", "value": 75.2, "status": "verified", "sourceValue": 75.2, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/adjEbitda", "value": -0.369, "status": "verified", "sourceValue": -0.369, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Restated in the H1 2026 report. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/operatingProfit", "value": -2.901, "status": "verified", "sourceValue": -2.901, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/netProfit", "value": -3.772, "status": "verified", "sourceValue": -3.772, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Restated in the H1 2026 report. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/ukRevenue", "value": 33, "status": "verified", "sourceValue": 33, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Rounded segment disclosure. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/franceRevenue", "value": 3.3, "status": "verified", "sourceValue": 3.3, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Rounded segment disclosure. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/ukAdjEbitda", "value": 2.4, "status": "verified", "sourceValue": 2.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Rounded segment disclosure; may not sum exactly to group. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/franceAdjEbitda", "value": -2.8, "status": "verified", "sourceValue": -2.8, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Rounded segment disclosure; may not sum exactly to group. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/franceGrossMarginPct", "value": 57.8, "status": "verified", "sourceValue": 57.8, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/franchiseIncome", "value": 0.9, "status": "calculated", "sourceValue": 0.8999999999999999, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "H12026 financial review says franchise income GBP0.7m downGBP0.2m; implied H12025GBP0.9m, both source figures rounded. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/cashOperations", "value": 1.988, "status": "verified", "sourceValue": 1.988, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Restated in the H1 2026 report. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/tangibleCapex", "value": 2.015, "status": "verified", "sourceValue": 2.015, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/intangibleCapex", "value": 0.034, "status": "verified", "sourceValue": 0.034, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/cashLeasePayments", "value": 3.724, "status": "verified", "sourceValue": 3.724, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure. Full cash lease-payment line; lease interest expense is not deducted a second time." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/interestPaid", "value": 0.263, "status": "verified", "sourceValue": 0.263, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/cashBalance", "value": 1.601, "status": "verified", "sourceValue": 1.601, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure. Balance-sheet cash; cash-flow closing cash can be net of overdraft and is a separate measure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/cashFlowClosingCashNetOverdraft", "value": -0.411, "status": "verified", "sourceValue": -0.411, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/netDebtExLeases", "value": 9.91, "status": "verified", "sourceValue": 9.91, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer adjusted net-debt APM, excludes lease liabilities and includes delivery cash-in-transit adjustments", "notes": "Restated in the H1 2026 report. Company adjusted net debt; excludes leases and adjusts delivery cash in transit. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/cashAfterLeaseInterestCapex", "value": -4.048, "status": "calculated", "sourceValue": -4.048, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash operations − lease cash payments − bank interest paid − total cash capex. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/capex", "value": 2.049, "status": "calculated", "sourceValue": 2.049, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash purchases of tangible + intangible assets. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/adjEbitdaMarginPct", "value": -1.0160810661967177, "status": "calculated", "sourceValue": -1.0160810661967177, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Adjusted EBITDA pre-IFRS 16 / revenue × 100. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/revenueGrowth", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "No previousmatchingperiod withinstoredseries; notcompareH1toannualflow." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/leaseLiabilities", "value": 34.914, "status": "verified", "sourceValue": 34.914, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/ukInStoreLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/ukDeliveryLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/ukVolumeGrowthPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/franceConvertedLflPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Reviewedoriginalperioddisclosures do notestablish thismatchingperiod/perimeterYoYmetric. 2021/22LFLuses2019; H125delivery6.3% isQ2only;2025release22.1%convertedFrance isQ22026update. Notbackfilledasannual/half-yearvalues." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/repeatRate", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/averageSpend", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / order", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/foodCostPerMeal", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / meal", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/kitchenUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/labourCostPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/totalSites", "value": null, "status": "not_verified", "sourceValue": null, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "OriginalH125reportdiscloses37franchises (UK14/MiddleEast12/France11) asofSeptember2025, notJune29; no matchingJunehalf-yearend total/owned/franchisedcount established. Do notcopypostperiodsnapshot." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/ownSites", "value": null, "status": "not_verified", "sourceValue": null, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "OriginalH125reportdiscloses37franchises (UK14/MiddleEast12/France11) asofSeptember2025, notJune29; no matchingJunehalf-yearend total/owned/franchisedcount established. Do notcopypostperiodsnapshot." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/franchiseSites", "value": null, "status": "not_verified", "sourceValue": null, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "OriginalH125reportdiscloses37franchises (UK14/MiddleEast12/France11) asofSeptember2025, notJune29; no matchingJunehalf-yearend total/owned/franchisedcount established. Do notcopypostperiodsnapshot." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/0/sitePayback", "value": null, "status": "not_verified", "sourceValue": null, "unit": "years", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." } ] }, { "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H125-RNS-Interim-Results-1.pdf", "locator": "Consolidated statements, notes and operating performance tables (field locator in checks).", "period": "H1 2025*", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "unaudited interim; H12025 financial comparisons restated", "checks": [ { "file": "tortilla-data.json", "path": "/periods/halfYear/0/ukLflPct", "value": 5, "status": "verified", "sourceValue": 5, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Printed pp.1 and 8; UK operational trading disclosure. Operational UK LFL disclosure from original H125; financial metrics must continue to use the H126 restatement. Label this provenance separately, because the restatement concerns French financial accounts. H125 in-store/delivery fields should stay null unless matching half-year values are found; disclosed 6.3% delivery is Q2-only. Financial values use restated H12025 comparative in H12026; UK LFL5% separately from original H12025 operating disclosure." } ] }, { "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Financial review; consolidated income statement, balance sheet and cash flow; alternative performance measures and restaurant estate.", "period": "H1 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "unaudited interim; H12025 financial comparisons restated", "checks": [ { "file": "tortilla-data.json", "path": "/periods/halfYear/1/weeks", "value": 26, "status": "verified", "sourceValue": 26, "unit": "weeks", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/revenue", "value": 38.454, "status": "verified", "sourceValue": 38.454, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/grossProfit", "value": 28.722, "status": "verified", "sourceValue": 28.722, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/grossMarginPct", "value": 74.7, "status": "verified", "sourceValue": 74.7, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "£0.3m discount reclassification affects reported comparison; company says comparable margin was flat." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/adjEbitda", "value": 0.502, "status": "verified", "sourceValue": 0.502, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/operatingProfit", "value": -0.186, "status": "verified", "sourceValue": -0.186, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/netProfit", "value": -1.602, "status": "verified", "sourceValue": -1.602, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/ukRevenue", "value": 35.4, "status": "verified", "sourceValue": 35.4, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Rounded segment disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/franceRevenue", "value": 3.1, "status": "verified", "sourceValue": 3.1, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Rounded segment disclosure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/ukAdjEbitda", "value": 2.6, "status": "verified", "sourceValue": 2.6, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Rounded segment disclosure; may not sum exactly to group." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/franceAdjEbitda", "value": -2.1, "status": "verified", "sourceValue": -2.1, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Rounded segment disclosure; may not sum exactly to group." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/franceGrossMarginPct", "value": 65.5, "status": "verified", "sourceValue": 65.5, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Whole-half average. The 70% end-June margin is a different observation." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/franchiseIncome", "value": 0.7, "status": "verified", "sourceValue": 0.7, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Financial-review income included in the UK segment; annual royalty line is consolidated. Compare matching periods." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/cashOperations", "value": 3.577, "status": "verified", "sourceValue": 3.577, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/tangibleCapex", "value": 1.162, "status": "verified", "sourceValue": 1.162, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/intangibleCapex", "value": 0.006, "status": "verified", "sourceValue": 0.006, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/cashLeasePayments", "value": 3.712, "status": "verified", "sourceValue": 3.712, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Full cash lease-payment line; lease interest expense is not deducted a second time." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/interestPaid", "value": 0.506, "status": "verified", "sourceValue": 0.506, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/cashBalance", "value": 1.527, "status": "verified", "sourceValue": 1.527, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": " Balance-sheet cash; cash-flow closing cash can be net of overdraft and is a separate measure." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/cashFlowClosingCashNetOverdraft", "value": -2.257, "status": "verified", "sourceValue": -2.257, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/netDebtExLeases", "value": 12.37, "status": "verified", "sourceValue": 12.37, "unit": "GBP m", "currency": "GBP", "accountingBasis": "issuer adjusted net-debt APM, excludes lease liabilities and includes delivery cash-in-transit adjustments", "notes": "Company adjusted net debt; excludes leases and adjusts delivery cash in transit." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/totalSites", "value": 107, "status": "verified", "sourceValue": 107, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2026-06-28; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/ownSites", "value": 74, "status": "verified", "sourceValue": 74, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2026-06-28; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/franchiseSites", "value": 33, "status": "verified", "sourceValue": 33, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Snapshot at 2026-06-28; not the period-average estate." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/ukOwnSites", "value": 64, "status": "verified", "sourceValue": 64, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/ukFranchiseSites", "value": 14, "status": "verified", "sourceValue": 14, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/franceOwnSites", "value": 10, "status": "verified", "sourceValue": 10, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/franceFranchiseSites", "value": 7, "status": "verified", "sourceValue": 7, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/uaeFranchiseSites", "value": 12, "status": "verified", "sourceValue": 12, "unit": "restaurants", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/ukLflPct", "value": 13.9, "status": "verified", "sourceValue": 13.9, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/ukInStoreLflPct", "value": 6.5, "status": "verified", "sourceValue": 6.5, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/ukDeliveryLflPct", "value": 32.7, "status": "verified", "sourceValue": 32.7, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/franceConvertedLflPct", "value": 18.2, "status": "verified", "sourceValue": 18.2, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/groupStoreClosureExpense", "value": 0.573, "status": "verified", "sourceValue": 0.573, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/groupRestructuringExpense", "value": 0.403, "status": "verified", "sourceValue": 0.403, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/franceExceptionalAndPreopening", "value": 0.423, "status": "verified", "sourceValue": 0.423, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/cashAfterLeaseInterestCapex", "value": -1.8090000000000002, "status": "calculated", "sourceValue": -1.8090000000000004, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash operations − lease cash payments − bank interest paid − total cash capex. " }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/capex", "value": 1.168, "status": "calculated", "sourceValue": 1.168, "unit": "GBP m", "currency": "GBP", "accountingBasis": "calculated; see formula", "notes": "Cash purchases of tangible + intangible assets. " }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/adjEbitdaMarginPct", "value": 1.3054558693503928, "status": "calculated", "sourceValue": 1.3054558693503928, "unit": "%", "currency": "not applicable", "accountingBasis": "issuer non-GAAP adjusted EBITDA before IFRS16; source rounding retained", "notes": "Adjusted EBITDA pre-IFRS 16 / revenue × 100. " }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/revenueGrowth", "value": 5.887212248044937, "status": "calculated", "sourceValue": 5.887212248044937, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Current revenue / prior comparable-period revenue − 1. " }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/leaseLiabilities", "value": 31.969, "status": "verified", "sourceValue": 31.969, "unit": "GBP m", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "" }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/repeatRate", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/averageSpend", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / order", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/foodCostPerMeal", "value": null, "status": "not_verified", "sourceValue": null, "unit": "GBP / meal", "currency": "GBP", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/kitchenUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/labourCostPct", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." }, { "file": "tortilla-data.json", "path": "/periods/halfYear/1/sitePayback", "value": null, "status": "not_verified", "sourceValue": null, "unit": "years", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Originalfinancialreviews/notes lack comparable repeatpurchase,transactionspend,foodcostpermeal,kitchenutilization,labourpercentage,sitecashpayback orwholeperiodFrancegrossmargin matchingfield. Selectivekiosk/loyalty/exitmarginobservations do notestablishcomplete matchingmetric." } ] }, { "sourceUrl": "https://www.investegate.co.uk/announcement/rns/tortilla-mexican-grill--mex/final-results-replacement/9688615", "locator": "Financial review; consolidated income statement, balance sheet and cash flow; alternative performance measures and restaurant estate.", "period": "H1 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "IFRS; reported APMs identified per check", "statementStatus": "unaudited interim; H12025 financial comparisons restated", "checks": [ { "file": "tortilla-data.json", "path": "/periods/halfYear/1/ukVolumeGrowthPct", "value": 4.8, "status": "verified", "sourceValue": 4.8, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "H1 volume growth disclosed in the July 2026 annual-results trading update." } ] }, { "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Financialhighlights and financialreview; FY2023comparative", "period": "FY2023 ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "company reported operating metric/APM", "statementStatus": "original final annual report", "checks": [ { "file": "tortilla-data.json", "path": "/periods/annual/2/ukAdjEbitda", "value": 4.6, "status": "verified", "sourceValue": 4.6, "unit": "GBP million", "currency": "GBP", "accountingBasis": "reported operating KPI/APM, source precision retained", "notes": "The FY2024 results explicitly report UK adjusted EBITDA of £5.2m with a FY2023 comparative of £4.6m. Backfill the rounded comparative, rather than substituting the exact consolidated group amount; retain the pre-IFRS 16 APM label and source precision. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Financialhighlights and financialreview; FY2023comparative", "period": "FY2023 ended31December2023" } ] }, { "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Financialhighlights: France0.7mloss (2023:nil)", "period": "FY2023 ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "company reported operating metric/APM", "statementStatus": "original final annual report", "checks": [ { "file": "tortilla-data.json", "path": "/periods/annual/2/franceAdjEbitda", "value": 0, "status": "verified", "sourceValue": 0, "unit": "GBP million", "currency": "GBP", "accountingBasis": "reported operating KPI/APM, source precision retained", "notes": "The FY2024 results explicitly report France adjusted EBITDA of a £0.7m loss with FY2023 shown as nil. Backfill 0 with the qualification that France was acquired in 2024; this does not describe an active French estate breaking even. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Financialhighlights: France0.7mloss (2023:nil)", "period": "FY2023 ended31December2023" } ] } ], "claims": [ { "file": "tortilla-data.json", "pathOrText": "/observations/0", "claim": "70%", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "France financialreview", "notes": "Exit70%, notwholehalf65.5%." }, { "file": "tortilla-data.json", "pathOrText": "/observations/1", "claim": "+19.4%", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Currenttrading paragraph", "notes": "13weeks ended27September2026UKLFL19.4%; notH1." }, { "file": "tortilla-data.json", "pathOrText": "/observations/2", "claim": "+24.4%", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Currenttrading paragraph", "notes": "ConvertedFrenchsubset24.4%; notallFrance." }, { "file": "tortilla-data.json", "pathOrText": "/observations/3", "claim": "£0.573m", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Note4exceptionalcosts", "notes": "Groupclosure573GBPthousand; notFrance-onlycash." }, { "file": "tortilla-data.json", "pathOrText": "/observations/4", "claim": "£0.403m", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Note4exceptionalcosts", "notes": "Grouprestructuring403GBPthousand." }, { "file": "tortilla-data.json", "pathOrText": "/observations/5", "claim": "£0.423m", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Francefinancialreview", "notes": "Francecombinedexceptional/preopen423GBPthousand, differentscope." }, { "file": "tortilla-data.json", "pathOrText": "/observations/6", "claim": "+23.8% in 2021; +16.4% in 2022", "verdict": "verified", "sourceUrl": "https://www.investegate.co.uk/index.php/announcement/rns/tortilla-mexican-grill--mex/annual-results-publication-of-annual-report/7331638", "locator": "PriorpandemicLFLcomparisons", "notes": "2021+23.8%,2022+16.4%, eachversus2019." }, { "file": "tortilla-data.json", "pathOrText": "/notes/0", "claim": "H1 2025 values use the restated comparatives in the September 2026 interim report. The original interim loss and French earnings figures are superseded. The 2025 annual statements incorporate the French accounting corrections.", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Restatement andgoingconcernnotes", "notes": "H12025financials restated; operatingUKLFLseparateoriginalsource." }, { "file": "tortilla-data.json", "pathOrText": "/notes/1", "claim": "2025 revenue is £73.989937m in the audited statement and segment note, versus £73.8m in the announcement headline. This dataset uses the statement figure. Earlier chat figures are not used to override the filing.", "verdict": "verified", "sourceUrl": "https://www.investegate.co.uk/announcement/rns/tortilla-mexican-grill--mex/final-results-replacement/9688615", "locator": "Audited consolidatedincomestatement andsegmentnote", "notes": "Statement73.989937GBPm vsheadline73.8; statementretained." }, { "file": "tortilla-data.json", "pathOrText": "/notes/2", "claim": "FY2021 adjusted EBITDA included a £3.9m VAT benefit, per the FY2022 report. Pandemic disruption and temporary support limit comparisons. Early LFL disclosures use 2019 as their baseline and remain outside the annual YoY series.", "verdict": "verified", "sourceUrl": "https://www.investegate.co.uk/index.php/announcement/rns/tortilla-mexican-grill--mex/annual-results-publication-of-annual-report/7331638", "locator": "Highlights andfinancialreview", "notes": "FY2022highlights explicitlycalls priorFY2021VATbenefitGBP3.9m; anotherparagraph hasGBP4.8m. Existing note attributes3.9toFY2022report; sourceinternallyinconsistent, do not silently substitute." }, { "file": "tortilla-data.json", "pathOrText": "/notes/3", "claim": "France enters consolidation during 2024. A full-year 2025 result is not directly comparable with that partial year. A higher restaurant count or acquisition revenue does not demonstrate organic growth or returns.", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "FreshBurritosacquisitiondiscussion", "notes": "Partial2024Franceconsolidation versusfull2025." }, { "file": "tortilla-data.json", "pathOrText": "/notes/4", "claim": "FY2022 restaurant prose is inconsistent for company-operated locations. The consistently disclosed total of 82 is retained; the ambiguous own-store count is unavailable. Restaurant counts are dated snapshots, not averages.", "verdict": "verified", "sourceUrl": "https://www.investegate.co.uk/index.php/announcement/rns/tortilla-mexican-grill--mex/annual-results-publication-of-annual-report/7331638", "locator": "Restaurant estate narrative", "notes": "82total supported; owncountambiguity remains null." }, { "file": "tortilla-data.json", "pathOrText": "/notes/5", "claim": "Net debt uses balance-sheet borrowings less cash for 2021–23, then the company adjusted measure for 2024 onward. The latter excludes leases and adjusts cash in transit. These are labelled within each observation.", "verdict": "verified", "sourceUrl": "https://www.investegate.co.uk/announcement/rns/tortilla-mexican-grill--mex/final-results-replacement/9688615", "locator": "APMnetdebtdefinition plusoriginal2021–23balances", "notes": "APMscopechanges labelled androwscomputed." }, { "file": "tortilla-data.json", "pathOrText": "/notes/6", "claim": "Cash lease payments are deducted once in the cash bridge. The separate accrued lease-interest charge is not deducted again. Bank interest paid is separate. All cash capex is included because a verified maintenance/growth split is unavailable.", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Cashflows", "notes": "Cashleasepayment plusbankinterest; no second accruedleaseinterest deduction." }, { "file": "tortilla-data.json", "pathOrText": "/notes/7", "claim": "Some annual and segment adjusted earnings are rounded to £0.1m. Derived ratios cannot recover precision that the inputs do not provide. H1 segment sums can differ from exact consolidated totals because of rounding.", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Group andsegment financialreview", "notes": "RoundedUK/France figures not forcedtosum exactgroup; sourceprecision retained." }, { "file": "tortilla-data.json", "pathOrText": "/notes/8", "claim": "The 2025 statutory loss includes £9.9m of noncash impairments. Lower subsequent depreciation and gains from lease exits can improve accounting results without equivalent recurring cash savings. Adjusted EBITDA still omits specified costs.", "verdict": "verified", "sourceUrl": "https://www.investegate.co.uk/announcement/rns/tortilla-mexican-grill--mex/final-results-replacement/9688615", "locator": "Administrativeexpenses/impairmentnotes", "notes": "GBP9.9m impairment total, GBP5.1mFrance/GBP4.8mUK; noncashimpairment." }, { "file": "tortilla-data.json", "pathOrText": "/notes/9", "claim": "The French accounting correction caused covenant breaches that the bank subsequently waived, with revised 2026 thresholds. The £14.4m facility disclosure is total available facilities, not unused headroom. Subtracting adjusted net debt would not establish undrawn borrowing capacity.", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Goingconcern, covenant andfacilitynotes", "notes": "RetrospectivebreachesDec2025/Mar2026; bankwaivers/revisedthresholds;14.4GBPm totalfacilities, notundrawn." }, { "file": "tortilla-data.json", "pathOrText": "/notes/10", "claim": "The 2023 source is the company results announcement, whose extracted statement tables carry unaudited labels. No independently checked audit opinion is asserted here. Current interim accounts are also unaudited.", "verdict": "verified", "sourceUrl": "https://www.lse.co.uk/rns/MEX/annual-results-and-publication-of-annual-report-gm0wmczy71n7jfd.html", "locator": "Consolidatedstatementheaders", "notes": "Unauditedlabels observed; no standalone auditopinioncertification." }, { "file": "tortilla-data.json", "pathOrText": "/notes/11", "claim": "The June 2026 estate snapshot precedes two further French closures. Current trading disclosures through September are kept separate from the half-year financial series.", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Estate andsubsequenttrading", "notes": "June28estate beforetwoadditionalFranceclosures; Septembertrading separate." }, { "file": "tortilla.html", "pathOrText": "UK and Lille central kitchens support consistent ingredients, simpler restaurant preparation and coordinated purchasing.", "claim": "UK and Lille central kitchens support consistent ingredients, simpler restaurant preparation and coordinated purchasing.", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Integration review; LilleCPK launchedQ12025; modelsourceUKCPU", "notes": "Physicalkitchens verified; costconsistency benefits remain management/operatingdescription, notmeasuredunitcostsaving." }, { "file": "tortilla.html", "pathOrText": "Chilango in2022 expanded the UK estate; Fresh Burritos in2024 brought French operations.", "claim": "Chilango in2022 expanded the UK estate; Fresh Burritos in2024 brought French operations.", "verdict": "verified", "sourceUrl": "https://www.investegate.co.uk/announcement/rns/tortilla-mexican-grill--mex/final-results-replacement/9688615", "locator": "Acquisitionhistory/operatingreview", "notes": "OriginalFY2022 andFY2024 reports also inspected." }, { "file": "tortilla.html", "pathOrText": "Tortilla operates and franchises restaurants serving customisable Mexican-style meals and earns owned-restaurant sales plus franchise income.", "claim": "Tortilla operates and franchises restaurants serving customisable Mexican-style meals and earns owned-restaurant sales plus franchise income.", "verdict": "verified", "sourceUrl": "https://www.investegate.co.uk/announcement/rns/tortilla-mexican-grill--mex/final-results-replacement/9688615", "locator": "Business/operatingreview; revenueaccountingnote", "notes": "Companybusinessdescription andreportedfranchiseroyalties." }, { "file": "tortilla.html", "pathOrText": "£573k group closure expense; £403k restructuring expense; France £423k combined exceptional and pre-opening costs.", "claim": "£573k group closure expense; £403k restructuring expense; France £423k combined exceptional and pre-opening costs.", "verdict": "verified", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/H1-FY26-RNS-Interim-Results.pdf", "locator": "Note4 andFrancefinancialreview", "notes": "Different scopes; nonecompleteFrancecash-exitbill." }, { "file": "tortilla.html", "pathOrText": "The restaurant flywheel.", "claim": "The restaurant flywheel.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.investegate.co.uk/announcement/rns/tortilla-mexican-grill--mex/final-results-replacement/9688615", "locator": "Operating model/financialreview", "notes": "Other sparecapacity,meals,fixedcost,closureandpayback mechanisms are explicitly hypotheses/conditional; no new historicalnumericclaim or futurepaybackcertified." } ], "corrections": [ { "file": "tortilla-data.json", "path": "/periods/annual/2/ukAdjEbitda", "oldValue": null, "newValue": 4.6, "reason": "The FY2024 results explicitly report UK adjusted EBITDA of £5.2m with a FY2023 comparative of £4.6m. Backfill the rounded comparative, rather than substituting the exact consolidated group amount; retain the pre-IFRS 16 APM label and source precision.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Financialhighlights and financialreview; FY2023comparative", "period": "FY2023 ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "reported operating KPI/APM, source precision retained" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/franceAdjEbitda", "oldValue": null, "newValue": 0, "reason": "The FY2024 results explicitly report France adjusted EBITDA of a £0.7m loss with FY2023 shown as nil. Backfill 0 with the qualification that France was acquired in 2024; this does not describe an active French estate breaking even.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Financialhighlights: France0.7mloss (2023:nil)", "period": "FY2023 ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "reported operating KPI/APM, source precision retained" } ], "unresolved": [ "FY2022 owned-store prose does not reconcile; own-store and UK-own-store fields remain null.", "The FY2022 report conflicts internally on the prior VAT benefit: headline GBP3.9m versus body GBP4.8m. The site attributes GBP3.9m to that report; the issuer inconsistency remains unresolved.", "Complete France closure cash costs, realised savings and maintenance-only capital expenditure remain unestablished." ], "batch": "operations", "name": "Tortilla", "pages": [ "tortilla.html" ], "reviewComplete": true, "originalResearchSummary": "All 219 populated period numbers match original statements and operating disclosures, including restated H1 2025 and final FY2025 figures. Two FY2023 adjusted-EBITDA observations can be backfilled from explicit FY2024 comparatives: UK £4.6m (rounded) and France nil (before acquisition). Period, lease, overdraft, segment and adjusted-measure distinctions are retained.", "originalUnresolved": [ "Apply verifiedbackfills listedincorrections; existingnulls are omissions for those exactpaths.", "FY2022ownedstoreprose doesnotreconcile; own/UKown fieldsremainnull.", "FY2022report internallyconflicts onpriorVATbenefit:headline3.9m vsbody4.8m. Siteattributes3.9mtoFY2022report accurately; noindependentresolution ofissuerinconsistency.", "CompleteFranceclosurecashbill/realizedsavings andmaintenance-onlycapex remainunestablished." ], "correctionsApplied": 8, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 191, "calculated": 30, "not_verified": 86 }, "sourceCount": 7 }, { "id": "valaris", "status": "partial", "periodsReviewed": [ "2021", "2022", "2023", "2024", "2025", "H1 2025", "H1 2026", "Jan–Apr 2021", "May–Dec 2021" ], "summary": "Completed source review: 167 source checks, 55 arithmetic checks, 102 unverified checks. 1 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/revenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/averageDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/floaterDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/jackupDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/totalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/activeUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/floaterTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/floaterActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/jackupTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/jackupActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/ga", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/gaRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/adjustedEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/adjustedMargin", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/cfo", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/capex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/fcf", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/fcfPerShare", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / share", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/debtPrincipal", "value": 550, "status": "verified", "sourceValue": 550, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "2028 first-lien notes; issued on emergence and redeemed in 2023." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/netDebt", "value": -58.700000000000045, "status": "calculated", "sourceValue": -58.700000000000045, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/netDebtEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "×", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Uses this full year of company-defined adjusted EBITDA; not a combined merger covenant measure. Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/cashInterest", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Interim10Qfinancialnotes do notdisclosefullmatchinghalf-yearcashinterestpaid; expense/amortizationorquarter-onlyearningscomments aredifferentmeasures." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/dilutedShares", "value": null, "status": "not_verified", "sourceValue": null, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/endShares", "value": 75, "status": "verified", "sourceValue": 75, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "Note 9 Shareholders equity, page 114: balance December 31 2021, common shares 75.0m, treasury shares cost zero; no share awards vested during the eight-month successor period, page 116. FY2022 10-K balance sheet also lists 75.0m issued at December 31 2021. Closing common shares at 31 December 2021; successor entity. No treasury shares at that date. Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/shareChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/debtChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/cashDebtRepayments", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/cashDebtProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/cashRepurchases", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained." } ] }, { "sourceUrl": "https://www.valaris.com/news/news-details/2022/Valaris-Reports-Fourth-Quarter-2021-Results/default.aspx", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/revenueEfficiency", "value": 98, "status": "verified", "sourceValue": 98, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Rounded company headline measure; actual dayrate revenue / maximum potential dayrate revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/debtCarrying", "value": 545.3, "status": "verified", "sourceValue": 545.3, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Balance-sheet carrying value; not face principal." } ] }, { "sourceUrl": "https://www.valaris.com/news/news-details/2023/Valaris-Reports-Fourth-Quarter-2022-Results/default.aspx", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/0/values/cash", "value": 608.7, "status": "verified", "sourceValue": 608.7, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/revenue", "value": 1602.5, "status": "verified", "sourceValue": 1602.5, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/averageDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/floaterDailyRevenue", "value": 229000, "status": "verified", "sourceValue": 229000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/jackupDailyRevenue", "value": 100000, "status": "verified", "sourceValue": 100000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/totalUtilisation", "value": 66, "status": "verified", "sourceValue": 66, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/activeUtilisation", "value": 85, "status": "verified", "sourceValue": 85, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/floaterTotalUtilisation", "value": 45, "status": "verified", "sourceValue": 45, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/floaterActiveUtilisation", "value": 67, "status": "verified", "sourceValue": 67, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/jackupTotalUtilisation", "value": 66, "status": "verified", "sourceValue": 66, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/jackupActiveUtilisation", "value": 86, "status": "verified", "sourceValue": 86, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/ga", "value": 80.9, "status": "verified", "sourceValue": 80.9, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/gaRevenue", "value": 5.04836193447738, "status": "calculated", "sourceValue": 5.04836193447738, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/cfo", "value": 127, "status": "verified", "sourceValue": 127, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/capex", "value": 207, "status": "verified", "sourceValue": 207, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/fcf", "value": -80, "status": "calculated", "sourceValue": -80, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/fcfPerShare", "value": -1.0582010582010584, "status": "calculated", "sourceValue": -1.0582010582010584, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/debtPrincipal", "value": 550, "status": "verified", "sourceValue": 550, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/debtCarrying", "value": 542.4, "status": "verified", "sourceValue": 542.4, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/cash", "value": 724.1, "status": "verified", "sourceValue": 724.1, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/netDebt", "value": -174.10000000000002, "status": "calculated", "sourceValue": -174.10000000000002, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/netDebtEbitda", "value": -1.352758352758353, "status": "calculated", "sourceValue": -1.352758352758353, "unit": "×", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Uses this full year of company-defined adjusted EBITDA; not a combined merger covenant measure. Net debt / full-year adjusted EBITDA; never annualises a half year." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/cashInterest", "value": 44.2, "status": "verified", "sourceValue": 44.2, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/dilutedShares", "value": 75.6, "status": "verified", "sourceValue": 75.6, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/endShares", "value": 75.2, "status": "verified", "sourceValue": 75.2, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/shareChange", "value": 0.20000000000000284, "status": "calculated", "sourceValue": 0.20000000000000284, "unit": "million shares", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Closing common shares 75.2m − 75.0m. Do not compare the predecessor share base. Period-end shares minus previous comparable period-end shares; not percentage or weighted shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/debtChange", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Face principal minus previous comparable period-end face principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/cashDebtRepayments", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Explicit dash in debt issuance/redemption line of full consolidated cash-flow financing section." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/cashDebtProceeds", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Explicit dash in debt issuance/redemption line of full consolidated cash-flow financing section." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "No separate cash common-share-issuance proceeds line in full financing statement. Leave null rather than assume that gross proceeds are zero or that net Other excludes small warrant exercises. No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/cashRepurchases", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" } ] }, { "sourceUrl": "https://www.valaris.com/news/news-details/2023/Valaris-Reports-Fourth-Quarter-2022-Results/default.aspx", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/revenueEfficiency", "value": 97, "status": "verified", "sourceValue": 97, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Rounded company headline measure; actual dayrate revenue / maximum potential dayrate revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/adjustedEbitda", "value": 128.7, "status": "calculated", "sourceValue": 128.7, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Sum original2022 quarterly consolidated reconciled adjusted EBITDA: -30.9+29.3+76.0+54.3. Pre-Q22023 methodology; excludes ARO equity income under old definition. Not sum of segment ARO EBITDA." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/1/values/adjustedMargin", "value": 8.031201248049921, "status": "calculated", "sourceValue": 8.031201248049921, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000029/val-20251231.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/revenue", "value": 1784.2, "status": "verified", "sourceValue": 1784.2, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/averageDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/ga", "value": 99.3, "status": "verified", "sourceValue": 99.3, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/gaRevenue", "value": 5.5655195605873775, "status": "calculated", "sourceValue": 5.5655195605873775, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/cfo", "value": 267.5, "status": "verified", "sourceValue": 267.5, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/capex", "value": 696.1, "status": "verified", "sourceValue": 696.1, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/fcf", "value": -428.6, "status": "calculated", "sourceValue": -428.6, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/fcfPerShare", "value": -5.699468085106383, "status": "calculated", "sourceValue": -5.699468085106383, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/cashInterest", "value": 32.3, "status": "verified", "sourceValue": 32.3, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/dilutedShares", "value": 75.2, "status": "verified", "sourceValue": 75.2, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/cashDebtRepayments", "value": 571.8, "status": "verified", "sourceValue": 571.8, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Reported redemption cash $571.8m excludes accrued/unpaid interest and includes redemption premium; do not label as debt principal paydown." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/cashDebtProceeds", "value": 1103, "status": "verified", "sourceValue": 1103, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash-flow statement reports $1,103.0m; face notes issued were $700m + $400m = $1,100m. Additional $400m tranche issued at 100.75% of par. Debt issuance costs $38.6m are separate cash-flow line." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "No separate cash common-share-issuance proceeds line in full financing statement. Leave null rather than assume that gross proceeds are zero or that net Other excludes small warrant exercises. No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/cashRepurchases", "value": 198.6, "status": "verified", "sourceValue": 198.6, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/floaterDailyRevenue", "value": 265000, "status": "verified", "sourceValue": 265000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/jackupDailyRevenue", "value": 106000, "status": "verified", "sourceValue": 106000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/totalUtilisation", "value": 66, "status": "verified", "sourceValue": 66, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/activeUtilisation", "value": 83, "status": "verified", "sourceValue": 83, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/floaterTotalUtilisation", "value": 58, "status": "verified", "sourceValue": 58, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/floaterActiveUtilisation", "value": 75, "status": "verified", "sourceValue": 75, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/jackupTotalUtilisation", "value": 59, "status": "verified", "sourceValue": 59, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/jackupActiveUtilisation", "value": 79, "status": "verified", "sourceValue": 79, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/debtPrincipal", "value": 1100, "status": "verified", "sourceValue": 1100, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/debtCarrying", "value": 1079.3, "status": "verified", "sourceValue": 1079.3, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/cash", "value": 620.5, "status": "verified", "sourceValue": 620.5, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/netDebt", "value": 479.5, "status": "calculated", "sourceValue": 479.5, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/netDebtEbitda", "value": 3.3934890304317054, "status": "calculated", "sourceValue": 3.3934890304317054, "unit": "×", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Uses this full year of company-defined adjusted EBITDA; not a combined merger covenant measure. Net debt / full-year adjusted EBITDA; never annualises a half year." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/endShares", "value": 72.4, "status": "verified", "sourceValue": 72.4, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/shareChange", "value": -2.799999999999997, "status": "calculated", "sourceValue": -2.799999999999997, "unit": "million shares", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Period-end shares minus previous comparable period-end shares; not percentage or weighted shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/debtChange", "value": 550, "status": "calculated", "sourceValue": 550, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Face principal minus previous comparable period-end face principal." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000048/val-20240417.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/revenueEfficiency", "value": 96, "status": "verified", "sourceValue": 96, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Rounded company headline measure; actual dayrate revenue / maximum potential dayrate revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/adjustedEbitda", "value": 141.3, "status": "verified", "sourceValue": 141.3, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Company non-GAAP measure; excludes equity earnings/losses of ARO." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/2/values/adjustedMargin", "value": 7.919515749355455, "status": "calculated", "sourceValue": 7.919515749355455, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000029/val-20251231.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/revenue", "value": 2362.6, "status": "verified", "sourceValue": 2362.6, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/averageDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/floaterDailyRevenue", "value": 345000, "status": "verified", "sourceValue": 345000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/jackupDailyRevenue", "value": 121000, "status": "verified", "sourceValue": 121000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/totalUtilisation", "value": 67, "status": "verified", "sourceValue": 67, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/activeUtilisation", "value": 87, "status": "verified", "sourceValue": 87, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/floaterTotalUtilisation", "value": 61, "status": "verified", "sourceValue": 61, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/floaterActiveUtilisation", "value": 83, "status": "verified", "sourceValue": 83, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/jackupTotalUtilisation", "value": 58, "status": "verified", "sourceValue": 58, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/jackupActiveUtilisation", "value": 83, "status": "verified", "sourceValue": 83, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/ga", "value": 116.3, "status": "verified", "sourceValue": 116.3, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/gaRevenue", "value": 4.922542961144502, "status": "calculated", "sourceValue": 4.922542961144502, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/cfo", "value": 355.4, "status": "verified", "sourceValue": 355.4, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/capex", "value": 455.1, "status": "verified", "sourceValue": 455.1, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/fcf", "value": -99.70000000000005, "status": "calculated", "sourceValue": -99.70000000000005, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/fcfPerShare", "value": -1.3676268861454053, "status": "calculated", "sourceValue": -1.3676268861454053, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/debtPrincipal", "value": 1100, "status": "verified", "sourceValue": 1100, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/debtCarrying", "value": 1082.7, "status": "verified", "sourceValue": 1082.7, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/cash", "value": 368.2, "status": "verified", "sourceValue": 368.2, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/netDebt", "value": 731.8, "status": "calculated", "sourceValue": 731.8, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/netDebtEbitda", "value": 1.507622579316028, "status": "calculated", "sourceValue": 1.507622579316028, "unit": "×", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Uses this full year of company-defined adjusted EBITDA; not a combined merger covenant measure. Net debt / full-year adjusted EBITDA; never annualises a half year." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/cashInterest", "value": 78.3, "status": "verified", "sourceValue": 78.3, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/dilutedShares", "value": 72.9, "status": "verified", "sourceValue": 72.9, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/endShares", "value": 71, "status": "verified", "sourceValue": 71, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/shareChange", "value": -1.4000000000000057, "status": "calculated", "sourceValue": -1.4000000000000057, "unit": "million shares", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Period-end shares minus previous comparable period-end shares; not percentage or weighted shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/debtChange", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Face principal minus previous comparable period-end face principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/cashDebtRepayments", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Explicit dash in debt issuance/redemption line of full consolidated cash-flow financing section." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/cashDebtProceeds", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Explicit dash in debt issuance/redemption line of full consolidated cash-flow financing section." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "No separate cash common-share-issuance proceeds line in full financing statement. Leave null rather than assume that gross proceeds are zero or that net Other excludes small warrant exercises. No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/cashRepurchases", "value": 126.4, "status": "verified", "sourceValue": 126.4, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480825000063/val-20250417.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/revenueEfficiency", "value": 97, "status": "verified", "sourceValue": 97, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Rounded company headline measure; actual dayrate revenue / maximum potential dayrate revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/adjustedEbitda", "value": 485.4, "status": "verified", "sourceValue": 485.4, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Company non-GAAP measure; excludes equity earnings/losses of ARO." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/3/values/adjustedMargin", "value": 20.54516210954034, "status": "calculated", "sourceValue": 20.54516210954034, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000029/val-20251231.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/revenue", "value": 2369, "status": "verified", "sourceValue": 2369, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/averageDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/floaterDailyRevenue", "value": 386000, "status": "verified", "sourceValue": 386000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/jackupDailyRevenue", "value": 138000, "status": "verified", "sourceValue": 138000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/totalUtilisation", "value": 65, "status": "verified", "sourceValue": 65, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/activeUtilisation", "value": 87, "status": "verified", "sourceValue": 87, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/floaterTotalUtilisation", "value": 54, "status": "verified", "sourceValue": 54, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/floaterActiveUtilisation", "value": 71, "status": "verified", "sourceValue": 71, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/jackupTotalUtilisation", "value": 61, "status": "verified", "sourceValue": 61, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/jackupActiveUtilisation", "value": 93, "status": "verified", "sourceValue": 93, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/ga", "value": 97.1, "status": "verified", "sourceValue": 97.1, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/gaRevenue", "value": 4.098775854791051, "status": "calculated", "sourceValue": 4.098775854791051, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/cfo", "value": 546.2, "status": "verified", "sourceValue": 546.2, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/capex", "value": 343.5, "status": "verified", "sourceValue": 343.5, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/fcf", "value": 202.70000000000005, "status": "calculated", "sourceValue": 202.70000000000005, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/fcfPerShare", "value": 2.8589562764456984, "status": "calculated", "sourceValue": 2.8589562764456984, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/debtPrincipal", "value": 1100, "status": "verified", "sourceValue": 1100, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/debtCarrying", "value": 1086, "status": "verified", "sourceValue": 1086, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/cash", "value": 599.4, "status": "verified", "sourceValue": 599.4, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/netDebt", "value": 500.6, "status": "calculated", "sourceValue": 500.6, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/netDebtEbitda", "value": 0.7795079414512612, "status": "calculated", "sourceValue": 0.7795079414512612, "unit": "×", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Uses this full year of company-defined adjusted EBITDA; not a combined merger covenant measure. Net debt / full-year adjusted EBITDA; never annualises a half year." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/cashInterest", "value": 90.5, "status": "verified", "sourceValue": 90.5, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/dilutedShares", "value": 70.9, "status": "verified", "sourceValue": 70.9, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/endShares", "value": 69.2, "status": "verified", "sourceValue": 69.2, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/shareChange", "value": -1.7999999999999972, "status": "calculated", "sourceValue": -1.7999999999999972, "unit": "million shares", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Period-end shares minus previous comparable period-end shares; not percentage or weighted shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/debtChange", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Face principal minus previous comparable period-end face principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/cashDebtRepayments", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Explicit dash in debt issuance/redemption line of full consolidated cash-flow financing section." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/cashDebtProceeds", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Explicit dash in debt issuance/redemption line of full consolidated cash-flow financing section." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "No separate cash common-share-issuance proceeds line in full financing statement. Leave null rather than assume that gross proceeds are zero or that net Other excludes small warrant exercises. No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/cashRepurchases", "value": 100, "status": "verified", "sourceValue": 100, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000085/val-20260416.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/revenueEfficiency", "value": 96, "status": "verified", "sourceValue": 96, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Rounded company headline measure; actual dayrate revenue / maximum potential dayrate revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/adjustedEbitda", "value": 642.2, "status": "verified", "sourceValue": 642.2, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Company non-GAAP measure; excludes equity earnings/losses of ARO." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/annual/4/values/adjustedMargin", "value": 27.10848459265513, "status": "calculated", "sourceValue": 27.10848459265513, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "H1 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "unaudited quarterly report / original issuer earnings reconciliation", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/revenue", "value": 1235.9, "status": "verified", "sourceValue": 1235.9, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/averageDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/floaterDailyRevenue", "value": 381000, "status": "verified", "sourceValue": 381000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/jackupDailyRevenue", "value": 135000, "status": "verified", "sourceValue": 135000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/totalUtilisation", "value": 66, "status": "verified", "sourceValue": 66, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/activeUtilisation", "value": 89, "status": "verified", "sourceValue": 89, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/floaterTotalUtilisation", "value": 59, "status": "verified", "sourceValue": 59, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/floaterActiveUtilisation", "value": 80, "status": "verified", "sourceValue": 80, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/jackupTotalUtilisation", "value": 59, "status": "verified", "sourceValue": 59, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/jackupActiveUtilisation", "value": 89, "status": "verified", "sourceValue": 89, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/revenueEfficiency", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/ga", "value": 43.2, "status": "verified", "sourceValue": 43.2, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/gaRevenue", "value": 3.4954284327210936, "status": "calculated", "sourceValue": 3.4954284327210936, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/cfo", "value": 275.9, "status": "verified", "sourceValue": 275.9, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/capex", "value": 167.4, "status": "verified", "sourceValue": 167.4, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/fcf", "value": 108.49999999999997, "status": "calculated", "sourceValue": 108.49999999999997, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/fcfPerShare", "value": 1.5217391304347823, "status": "calculated", "sourceValue": 1.5217391304347823, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/netDebtEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "×", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/cashInterest", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Interim10Qfinancialnotes do notdisclosefullmatchinghalf-yearcashinterestpaid; expense/amortizationorquarter-onlyearningscomments aredifferentmeasures." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/dilutedShares", "value": 71.3, "status": "verified", "sourceValue": 71.3, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/shareChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " No prior comparable period in this stored basis." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/debtChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " No prior comparable period in this stored basis." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/cashDebtRepayments", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Full cash-flow financing section reviewed: no debt proceeds/redemption line; only net Other. Debt note continues $1.1bn notes and no credit-facility borrowings. Zero is at disclosed materiality/precision." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/cashDebtProceeds", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Full cash-flow financing section reviewed: no debt proceeds/redemption line; only net Other. Debt note continues $1.1bn notes and no credit-facility borrowings. Zero is at disclosed materiality/precision." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "OriginalH126cashflowshowsnetfinancing Other only (Transocean−1/−13USDm;Valaris−1.5/−0.4USDm), withoutdistinctmatchingcashproceeds/repurchaseline. NetOther cannot certifygrosszero or separatecashfinancingcomponents; noncashshareskeptseparate." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/cashRepurchases", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Explicitly no repurchases in three or six months ended June 30, 2026 and 2025: Note 9, Share Repurchase Program." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000025/a12312025ex991pressrelease.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "H1 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "unaudited quarterly report / original issuer earnings reconciliation", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/adjustedEbitda", "value": 382, "status": "calculated", "sourceValue": 382.0, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Sum of Q1 andQ2 consolidated adjusted EBITDA; company non-GAAP reconciliation. H12026 excludes merger/integration expenses; ARO fully displayed segment removed and replaced by equity income." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/adjustedMargin", "value": 30.908649567117077, "status": "calculated", "sourceValue": 30.908649567117077, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480825000126/val-20250630.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "H1 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "unaudited quarterly report / original issuer earnings reconciliation", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/debtPrincipal", "value": 1100, "status": "verified", "sourceValue": 1100, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/debtCarrying", "value": 1084.3, "status": "verified", "sourceValue": 1084.3, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/cash", "value": 503.4, "status": "verified", "sourceValue": 503.4, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/netDebt", "value": 596.6, "status": "calculated", "sourceValue": 596.6, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/0/values/endShares", "value": 71.1, "status": "verified", "sourceValue": 71.1, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "H1 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "unaudited quarterly report / original issuer earnings reconciliation", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/revenue", "value": 1004.6, "status": "verified", "sourceValue": 1004.6, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/averageDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/floaterDailyRevenue", "value": 445000, "status": "verified", "sourceValue": 445000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/jackupDailyRevenue", "value": 135000, "status": "verified", "sourceValue": 135000, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Average daily revenue, NOT pure contractual dayrate. 2022 restated in 2023 10-K." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/totalUtilisation", "value": 60, "status": "verified", "sourceValue": 60, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/activeUtilisation", "value": 77, "status": "verified", "sourceValue": 77, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/floaterTotalUtilisation", "value": 40, "status": "verified", "sourceValue": 40, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/floaterActiveUtilisation", "value": 53, "status": "verified", "sourceValue": 53, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/jackupTotalUtilisation", "value": 65, "status": "verified", "sourceValue": 65, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/jackupActiveUtilisation", "value": 92, "status": "verified", "sourceValue": 92, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Total includes stacked fleet; active denominator excludes preservation-stacked rigs; later periods also exclude held-for-sale rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/ga", "value": 52.5, "status": "verified", "sourceValue": 52.5, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/gaRevenue", "value": 5.225960581325901, "status": "calculated", "sourceValue": 5.225960581325901, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/cfo", "value": 88.1, "status": "verified", "sourceValue": 88.1, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/capex", "value": 206.4, "status": "verified", "sourceValue": 206.4, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/fcf", "value": -118.30000000000001, "status": "calculated", "sourceValue": -118.30000000000001, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/fcfPerShare", "value": -1.682788051209104, "status": "calculated", "sourceValue": -1.682788051209104, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/debtPrincipal", "value": 1100, "status": "verified", "sourceValue": 1100, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/debtCarrying", "value": 1087.6, "status": "verified", "sourceValue": 1087.6, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/cash", "value": 541.2, "status": "verified", "sourceValue": 541.2, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/netDebt", "value": 558.8, "status": "calculated", "sourceValue": 558.8, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/netDebtEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "×", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/cashInterest", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Interim10Qfinancialnotes do notdisclosefullmatchinghalf-yearcashinterestpaid; expense/amortizationorquarter-onlyearningscomments aredifferentmeasures." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/dilutedShares", "value": 70.3, "status": "verified", "sourceValue": 70.3, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/endShares", "value": 69.3, "status": "verified", "sourceValue": 69.3, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/shareChange", "value": -1.7999999999999972, "status": "calculated", "sourceValue": -1.7999999999999972, "unit": "million shares", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Period-end shares minus previous comparable period-end shares; not percentage or weighted shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/debtChange", "value": 0, "status": "calculated", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Face principal minus previous comparable period-end face principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/cashDebtRepayments", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Full cash-flow financing section reviewed: no debt proceeds/redemption line; only net Other. Debt note continues $1.1bn notes and no credit-facility borrowings. Zero is at disclosed materiality/precision." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/cashDebtProceeds", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Full cash-flow financing section reviewed: no debt proceeds/redemption line; only net Other. Debt note continues $1.1bn notes and no credit-facility borrowings. Zero is at disclosed materiality/precision." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "OriginalH126cashflowshowsnetfinancing Other only (Transocean−1/−13USDm;Valaris−1.5/−0.4USDm), withoutdistinctmatchingcashproceeds/repurchaseline. NetOther cannot certifygrosszero or separatecashfinancingcomponents; noncashshareskeptseparate." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/cashRepurchases", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Explicitly no repurchases in three or six months ended June 30, 2026 and 2025: Note 9, Share Repurchase Program." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000138/a06302026ex991pressrelease.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "H1 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "unaudited quarterly report / original issuer earnings reconciliation", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/revenueEfficiency", "value": 98, "status": "verified", "sourceValue": 98, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Company Q2 2026 release explicitly reports 98% for the quarter and year to date." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/adjustedEbitda", "value": 163.2, "status": "calculated", "sourceValue": 163.2, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Sum of Q1 andQ2 consolidated adjusted EBITDA; company non-GAAP reconciliation. H12026 excludes merger/integration expenses; ARO fully displayed segment removed and replaced by equity income." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/halfYear/1/values/adjustedMargin", "value": 16.245271749950227, "status": "calculated", "sourceValue": 16.245271749950227, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "Jan–Apr 2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/revenue", "value": 397.4, "status": "verified", "sourceValue": 397.4, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/averageDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/floaterDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/jackupDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/totalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/activeUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/floaterTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/floaterActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/jackupTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/jackupActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/revenueEfficiency", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/ga", "value": 30.7, "status": "verified", "sourceValue": 30.7, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/gaRevenue", "value": 7.725213890286865, "status": "calculated", "sourceValue": 7.725213890286865, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/adjustedEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/adjustedMargin", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/cfo", "value": -39.9, "status": "verified", "sourceValue": -39.9, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/capex", "value": 8.7, "status": "verified", "sourceValue": 8.7, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/fcf", "value": -48.599999999999994, "status": "calculated", "sourceValue": -48.599999999999994, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/fcfPerShare", "value": -0.24348697394789576, "status": "calculated", "sourceValue": -0.24348697394789576, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/debtPrincipal", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/debtCarrying", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/cash", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/netDebt", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/netDebtEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "×", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/cashInterest", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/dilutedShares", "value": 199.6, "status": "verified", "sourceValue": 199.6, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series. GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/endShares", "value": null, "status": "not_verified", "sourceValue": null, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series. Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/shareChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/debtChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/cashDebtRepayments", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/cashDebtProceeds", "value": 520, "status": "verified", "sourceValue": 520, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Consolidated Statements of Cash Flows, page 79, financing activities, distinct predecessor and successor columns. Issuance of First Lien Notes, four months ended April 30 2021; before separately disclosed 1.4m issuance costs. Cash issuance occurred in the predecessor cash-flow column even though notes continued after emergence. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/0/values/cashRepurchases", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Consolidated Statements of Cash Flows, page 79, financing activities, distinct predecessor and successor columns. Payments for share repurchases explicitly dash in four-month predecessor column. Separate predecessor Jan1–Apr302021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "May–Dec 2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/revenue", "value": 835, "status": "verified", "sourceValue": 835, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/averageDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/floaterDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/jackupDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/totalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/activeUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/floaterTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/floaterActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/jackupTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/jackupActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/revenueEfficiency", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/ga", "value": 58.2, "status": "verified", "sourceValue": 58.2, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/gaRevenue", "value": 6.970059880239521, "status": "calculated", "sourceValue": 6.970059880239521, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/adjustedEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/adjustedMargin", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/cfo", "value": -26.3, "status": "verified", "sourceValue": -26.3, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/capex", "value": 50.2, "status": "verified", "sourceValue": 50.2, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/fcf", "value": -76.5, "status": "calculated", "sourceValue": -76.5, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/fcfPerShare", "value": -1.02, "status": "calculated", "sourceValue": -1.02, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/debtPrincipal", "value": 550, "status": "verified", "sourceValue": 550, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "2028 first-lien notes; issued on emergence and redeemed in 2023. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/netDebt", "value": -58.700000000000045, "status": "calculated", "sourceValue": -58.700000000000045, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/netDebtEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "×", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/cashInterest", "value": 22.8, "status": "verified", "sourceValue": 22.8, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/dilutedShares", "value": 75, "status": "verified", "sourceValue": 75, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series. GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/endShares", "value": 75, "status": "verified", "sourceValue": 75, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "Note 9 Shareholders equity, page 114: balance December 31 2021, common shares 75.0m, treasury shares cost zero; no share awards vested during the eight-month successor period, page 116. FY2022 10-K balance sheet also lists 75.0m issued at December 31 2021. Closing common shares at 31 December 2021; successor entity. No treasury shares at that date. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series. Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/shareChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/debtChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/cashDebtRepayments", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Consolidated Statements of Cash Flows, page 79, financing activities, distinct predecessor and successor columns. Redemption line and all financing flows show dashes in the eight-month successor column; no debt cash repayment in that period. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/cashDebtProceeds", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Consolidated Statements of Cash Flows, page 79, financing activities, distinct predecessor and successor columns. Both debt-issuance lines explicitly show dashes in the eight-month successor column. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " Fresh-start accounting/ownership break: no comparable complete annual metric or period-end predecessor figure established. Separate predecessor/successor periods retained. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." }, { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/cashRepurchases", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Consolidated Statements of Cash Flows, page 79, financing activities, distinct predecessor and successor columns. Payments for share repurchases explicitly dash in eight-month successor column. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." } ] }, { "sourceUrl": "https://www.valaris.com/news/news-details/2022/Valaris-Reports-Fourth-Quarter-2021-Results/default.aspx", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "May–Dec 2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/debtCarrying", "value": 545.3, "status": "verified", "sourceValue": 545.3, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Balance-sheet carrying value; not face principal. Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." } ] }, { "sourceUrl": "https://www.valaris.com/news/news-details/2023/Valaris-Reports-Fourth-Quarter-2022-Results/default.aspx", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "May–Dec 2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/valaris/periods/restructuring/1/values/cash", "value": 608.7, "status": "verified", "sourceValue": 608.7, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": " Separate successor May1–Dec312021. Final2023 10K CFO comparatives -39.9/-26.3 supersede early release -39.8/-26.2; no combined per-share series." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926115680/tm269762-10_defm14a.htm", "locator": "Intro andBusinessCombinationterms", "period": "announced9February2026;proxy14October2026", "currency": "see check.currency", "units": "see check.unit", "accountingBasis": "contractual ratio; approximate proformaownership assumes2029exchangeablebondconversion", "statementStatus": "original primary announcement/filing; contractual or historical observation as labelled", "checks": [ { "file": "valaris-transocean-data.json", "path": "/deal/facts/0/value", "value": 15.235, "sourceValue": 15.235, "status": "verified", "unit": "Transocean shares per eligible Valaris share", "currency": "not applicable", "accountingBasis": "contractual ratio; approximate proformaownership assumes2029exchangeablebondconversion", "notes": "Direct comparison with original source; stated qualifiers retained." }, { "file": "valaris-transocean-data.json", "path": "/deal/facts/1/transocean_percent", "value": 53, "sourceValue": 53, "status": "verified", "unit": "%", "currency": "not applicable", "accountingBasis": "contractual ratio; approximate proformaownership assumes2029exchangeablebondconversion", "notes": "Direct comparison with original source; stated qualifiers retained." }, { "file": "valaris-transocean-data.json", "path": "/deal/facts/1/valaris_percent", "value": 47, "sourceValue": 47, "status": "verified", "unit": "%", "currency": "not applicable", "accountingBasis": "contractual ratio; approximate proformaownership assumes2029exchangeablebondconversion", "notes": "Direct comparison with original source; stated qualifiers retained." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926115680/tm269762-10_defm14a.htm", "locator": "Proformanotes, transactioncostadjustment5c", "period": "six months ended30June2026", "currency": "see check.currency", "units": "see check.unit", "accountingBasis": "historicaltransactionfees; notcompleteintegrationbudget", "statementStatus": "original primary announcement/filing; contractual or historical observation as labelled", "checks": [ { "file": "valaris-transocean-data.json", "path": "/deal/integration_and_transaction_costs/reported_h1_2026_transaction_costs_usd_millions/transocean", "value": 17, "sourceValue": 17, "status": "verified", "unit": "USD million", "currency": "USD", "accountingBasis": "historicaltransactionfees; notcompleteintegrationbudget", "notes": "Direct comparison with original source; stated qualifiers retained." }, { "file": "valaris-transocean-data.json", "path": "/deal/integration_and_transaction_costs/reported_h1_2026_transaction_costs_usd_millions/valaris", "value": 25, "sourceValue": 25, "status": "verified", "unit": "USD million", "currency": "USD", "accountingBasis": "historicaltransactionfees; notcompleteintegrationbudget", "notes": "Direct comparison with original source; stated qualifiers retained." } ] }, { "sourceUrl": "https://www.valaris.com/news/news-details/2021/Valaris-Successfully-Completes-Restructuring/default.aspx", "locator": "Issuer3May2021restructuringrelease", "period": "30April2021emergence", "currency": "see check.currency", "units": "see check.unit", "accountingBasis": "reported", "statementStatus": "original primary announcement/filing; contractual or historical observation as labelled", "checks": [ { "file": "valaris-transocean-data.json", "path": "/bankruptcy/debt_eliminated/value", "value": 7100, "sourceValue": 7100, "status": "verified", "unit": "USD million", "currency": "USD", "accountingBasis": "reported", "notes": "Direct comparison with original source; stated qualifiers retained." }, { "file": "valaris-transocean-data.json", "path": "/bankruptcy/new_capital_injection/value", "value": 520, "sourceValue": 520, "status": "verified", "unit": "USD million", "currency": "USD", "accountingBasis": "reported", "notes": "Direct comparison with original source; stated qualifiers retained." }, { "file": "valaris-transocean-data.json", "path": "/bankruptcy/new_secured_notes_principal/value", "value": 550, "sourceValue": 550, "status": "verified", "unit": "USD million", "currency": "USD", "accountingBasis": "reported", "notes": "Direct comparison with original source; stated qualifiers retained." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Note9shareholdersequity/warrants", "period": "30April2021emergence", "currency": "see check.currency", "units": "see check.unit", "accountingBasis": "reported", "statementStatus": "original primary announcement/filing; contractual or historical observation as labelled", "checks": [ { "file": "valaris-transocean-data.json", "path": "/bankruptcy/legacy_warrants/value", "value": 5.6, "sourceValue": 5.6, "status": "verified", "unit": "million warrants", "currency": "not applicable", "accountingBasis": "reported", "notes": "Direct comparison with original source; stated qualifiers retained." } ] } ], "claims": [ { "file": "valaris-transocean-data.json", "pathOrText": "/deal/status", "claim": "The October 14 filing still describes a proposed transaction. CADE issued an unrestricted approval decision on October 13, with finality subject to a 15-day waiting period following publication, then expected October 15 or 16. Both shareholder meetings are scheduled for November 24.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm", "locator": "8KItem8.01", "notes": "Pendingstatusasof14October only; expectedpublication not actualfinality." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/status/remaining_conditions", "claim": "Shareholderapprovals,Bermuda courtsanction/orderfiling,Swissregister,NYSElisting andcontractualclosingconditions", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926115680/tm269762-10_defm14a.htm", "locator": "Conditions to Completion; AppendixAagreement", "notes": "Contractualconditions summarized; no legalopinionallconditionsmet." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/facts/0", "claim": "Fixed15.235exchange ratio; fractionalshares cash", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926115680/tm269762-10_defm14a.htm", "locator": "Combinationterms", "notes": "Eligiblecommonshares, customaryadjustments, notone-for-one." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/facts/1", "claim": "Approximate53%/47%fullydilutedproformaownership assuming2029bondconversion", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926115680/tm269762-10_defm14a.htm", "locator": "Intro", "notes": "Contractualproformacapitalstructure, notcompletedownership orfinancialforecast." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/integration_and_transaction_costs", "claim": "Integration andcompensationharmonization costs couldnotbeestimated;17/25historicalfeesnotcompletecashbudget", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926115680/tm269762-10_defm14a.htm", "locator": "Proformanotesintro/transactioncost5c", "notes": "Fullbudgetnotestablished; noforecast invented." }, { "file": "valaris-transocean-data.json", "pathOrText": "/bankruptcy/petition_date", "claim": "19August2020petition", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Chapter11proceedings", "notes": "Historicaldate." }, { "file": "valaris-transocean-data.json", "pathOrText": "/bankruptcy/emergence_date", "claim": "30April2021emergence", "verdict": "verified", "sourceUrl": "https://www.valaris.com/news/news-details/2021/Valaris-Successfully-Completes-Restructuring/default.aspx", "locator": "3May2021release", "notes": "Historicaldate." }, { "file": "valaris-transocean-data.json", "pathOrText": "/bankruptcy/legacy_equity", "claim": "Legacy Valaris ordinary shares and equity awards were cancelled; old shareholders received warrants, not continuation of the old common equity. Creditors and rights-offering participants received new common shares.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Chapter11/Note9equity", "notes": "Legacycommoncancelled; newsharesandwarrantsnotcontinuityofoldcommon." }, { "file": "valaris-transocean-data.json", "pathOrText": "/bankruptcy/legacy_warrants/notes", "claim": "Initial exercise price $131.88, seven-year term expiring April 29, 2028. Do not treat as current fully diluted shares.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Note9Warrants", "notes": "5.6millionrounded; strikeUSD131.88pershare;7years;expiry29April2028." }, { "file": "valaris-transocean-data.json", "pathOrText": "/bankruptcy/lesson", "claim": "Debt relief can preserve the drilling business while fundamentally changing ownership. A recovering operating business does not mean the old common equity survives. Asset remeasurement under fresh-start accounting resets carrying values, so post-emergence depreciation and book value are not directly comparable with predecessor amounts.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Note3FreshStartAccounting", "notes": "Assetremeasurement andpredecessor/successornoncomparability explicitlyreported; ownershiplessoninterpretation." }, { "file": "valaris-transocean-data.json", "pathOrText": "/timeline/0", "claim": "2026-02-09: Combination agreement and proposed operating changes announced.", "verdict": "verified", "sourceUrl": "https://www.deepwater.com/news/detail?ID=29991", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/timeline/2", "claim": "2026-10-13: CADE issues unrestricted approval decision", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/timeline/3", "claim": "2026-10-14: Definitive joint proxy filed; transaction remained pending.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/timeline/5", "claim": "2026-10-15/16: Expected publication of CADE decision, triggering 15-day finality period", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/timeline/6", "claim": "2026-11-24: Scheduled Transocean and Valaris shareholder meetings", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926115680/tm269762-10_defm14a.htm", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/timeline/0", "claim": "2026-02-09: Combination agreement and proposed operating changes announced.", "verdict": "verified", "sourceUrl": "https://www.deepwater.com/news/detail?ID=29991", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/timeline/1", "claim": "2026-10-13: CADE issues unrestricted approval decision", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/timeline/2", "claim": "2026-10-14: Definitive joint proxy filed; transaction remained pending.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/timeline/3", "claim": "2026-10-15/16: Expected publication of CADE decision, triggering 15-day finality period", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/timeline/4", "claim": "2026-11-24: Scheduled Transocean and Valaris shareholder meetings", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926115680/tm269762-10_defm14a.htm", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/scorecard/0", "claim": "Merger savings: Not available pre-close; No completed post-close operating record at the review date.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm", "locator": "Contractualterms/transactioncosts;standalonehistory; announcedmechanisms", "notes": "Test/metriccolumns are proposedmeasurementdefinitions, not accomplishedmergeroutcomes. Historicalstandalonebaselines independentlychecked; no savings presumed." }, { "file": "valaris-transocean-data.json", "pathOrText": "/scorecard/1", "claim": "Integration cost: Full integration budget unquantified; The proxy reports H1 transaction fees of $17m at Transocean and $25m at Valaris. These are not a complete integration cash budget.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926115680/tm269762-10_defm14a.htm", "locator": "Contractualterms/transactioncosts;standalonehistory; announcedmechanisms", "notes": "Test/metriccolumns are proposedmeasurementdefinitions, not accomplishedmergeroutcomes. Historicalstandalonebaselines independentlychecked; no savings presumed." }, { "file": "valaris-transocean-data.json", "pathOrText": "/scorecard/2", "claim": "Overhead: Standalone G&A history available; Realised savings by category are not established; standalone costs provide the historical baseline.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926011776/tm265550d1_ex99-2.htm", "locator": "Contractualterms/transactioncosts;standalonehistory; announcedmechanisms", "notes": "Test/metriccolumns are proposedmeasurementdefinitions, not accomplishedmergeroutcomes. Historicalstandalonebaselines independentlychecked; no savings presumed." }, { "file": "valaris-transocean-data.json", "pathOrText": "/scorecard/3", "claim": "Rig execution: Efficiency history available; clean same-rig cost and safety series not established; Do not infer success from expense/day without matching the cost and fleet perimeter.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Contractualterms/transactioncosts;standalonehistory; announcedmechanisms", "notes": "Test/metriccolumns are proposedmeasurementdefinitions, not accomplishedmergeroutcomes. Historicalstandalonebaselines independentlychecked; no savings presumed." }, { "file": "valaris-transocean-data.json", "pathOrText": "/scorecard/4", "claim": "Cash generation: Standalone historical baseline; Post-close comparison requires a combined baseline and consistent exchange-adjusted ownership.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926011776/tm265550d1_ex99-2.htm", "locator": "Contractualterms/transactioncosts;standalonehistory; announcedmechanisms", "notes": "Test/metriccolumns are proposedmeasurementdefinitions, not accomplishedmergeroutcomes. Historicalstandalonebaselines independentlychecked; no savings presumed." }, { "file": "valaris-transocean-data.json", "pathOrText": "/scorecard/5", "claim": "Capital discipline: Total cash capex history available; complete maintenance split unavailable; No numerical project-return hurdle or forecast is imposed.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926011776/tm265550d1_ex99-2.htm", "locator": "Contractualterms/transactioncosts;standalonehistory; announcedmechanisms", "notes": "Test/metriccolumns are proposedmeasurementdefinitions, not accomplishedmergeroutcomes. Historicalstandalonebaselines independentlychecked; no savings presumed." }, { "file": "valaris-transocean-data.json", "pathOrText": "/scorecard/6", "claim": "Debt: Standalone principal and net debt available; Use reported principal, cash, cash interest and financing movements; no future leverage ratio is assumed.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926011776/tm265550d1_ex99-2.htm", "locator": "Contractualterms/transactioncosts;standalonehistory; announcedmechanisms", "notes": "Test/metriccolumns are proposedmeasurementdefinitions, not accomplishedmergeroutcomes. Historicalstandalonebaselines independentlychecked; no savings presumed." }, { "file": "valaris-transocean-data.json", "pathOrText": "/scorecard/7", "claim": "Dilution: Standalone share-count history available; 15.235 RIG shares per eligible VAL share; approximate 53%/47% ownership assumes 2029 bond conversion.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926115680/tm269762-10_defm14a.htm", "locator": "Contractualterms/transactioncosts;standalonehistory; announcedmechanisms", "notes": "Test/metriccolumns are proposedmeasurementdefinitions, not accomplishedmergeroutcomes. Historicalstandalonebaselines independentlychecked; no savings presumed." }, { "file": "valaris-transocean-data.json", "pathOrText": "/scorecard/8", "claim": "Market controls: Historical daily revenue/utilisation available; future contract coverage remains disclosure-dependent; Removing an idle rig can improve utilisation without adding operating days.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Contractualterms/transactioncosts;standalonehistory; announcedmechanisms", "notes": "Test/metriccolumns are proposedmeasurementdefinitions, not accomplishedmergeroutcomes. Historicalstandalonebaselines independentlychecked; no savings presumed." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/disclosure_gaps/3", "claim": "No precise OpEx versus CapEx split was given on the announcement call.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926012387/tm265550d3_ex99-1.htm", "locator": "Q&A DougTerreson /ThaddeusVayda", "notes": "No preciseOpEx-versusCapExsplit supplied inanswer; generalcostdiscussion notnumericalallocation." }, { "file": "valaris-transocean-data.json", "pathOrText": "/deal/disclosure_gaps/5", "claim": "ARO consolidated/equity-accounting context and historic Valaris bankruptcy were outside the completed bounded subtask; do not infer ARO EBITDA is wholly attributable to Valaris.", "verdict": "scope_issue", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Note3ARO;2023KNotes2–3", "notes": "Stale audit-statusstatement: thiscurrentaudit now checksAROequityaccounting andbankruptcy. Rewordresearchstatus; financialfacts unchanged." }, { "file": "valaris-transocean.html", "pathOrText": "Valaris owns50% of ARO, its unconsolidated joint venture with Saudi Aramco, and separately leases rigs to it.", "claim": "Valaris owns50% of ARO, its unconsolidated joint venture with Saudi Aramco, and separately leases rigs to it.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Note3EquityMethodInvestment;operatingsegments", "notes": "50/50JV; allAROsegmentresults deducted and replacedbyequityincome inreconciliation; separatebareboatcharters." }, { "file": "valaris-transocean.html", "pathOrText": "As of the June2026 filing, ARO had not distributed earnings to its owners since formation.", "claim": "As of the June2026 filing, ARO had not distributed earnings to its owners since formation.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Liquidity andAROdistributions", "notes": "Noearningscashdistributions is explicit; notsameasabsenceofloan/leasecashflows." }, { "file": "valaris-transocean.html", "pathOrText": "Valaris provides offshore drilling rigs and crews including floaters and jackups.", "claim": "Valaris provides offshore drilling rigs and crews including floaters and jackups.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000029/val-20251231.htm", "locator": "Item1Business", "notes": "Contractrevenues, drillingoperations andfleettypes." }, { "file": "valaris-transocean.html", "pathOrText": "Operating profit rises25% after the merger, but dayrates also rise.", "claim": "Operating profit rises25% after the merger, but dayrates also rise.", "verdict": "scope_issue", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926011776/tm265550d1_ex99-2.htm", "locator": "No primary historicalobservation; illustrativepagequestion", "notes": "Numericalhypothetical conflicts with historical-onlyscope andAGENTS. Remove25%scenario; preserve qualitativequestion onattribution." }, { "file": "valaris-transocean.html", "pathOrText": "Corporate overhead, shore/regional support, supply chain and operating practices are disclosed proposed cost-change categories.", "claim": "Corporate overhead, shore/regional support, supply chain and operating practices are disclosed proposed cost-change categories.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926011776/tm265550d1_ex99-2.htm", "locator": "Slide10costcategories", "notes": "Mechanisms announced; no quantifiedallocation or realisedcategorysaving certified." }, { "file": "valaris-transocean.html", "pathOrText": "The economics of a working rig.", "claim": "The economics of a working rig.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Operatingdefinitions andfleet/contractrisk", "notes": "Remaining rate/utilization/maintenance/debt mechanisms conditionaleducationalframework; not measuredmergercausality orfinancialforecast." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/0", "claim": "2021 fresh-start on April 30 created a new accounting entity. Predecessor Jan-Apr and Successor May-Dec amounts and shares are intentionally separate.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Notes2–3freshstart", "notes": "Apr30accountingbreak; fourmonth/eightmonthseparate." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/1", "claim": "2021/2022 CFO and 2021 successor earnings use later audited FY2023 comparative presentation; original 2021 earnings release has small CFO/earnings differences. Use later audited comparisons consistently.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Consolidatedcashflowcomparatives", "notes": "Laterauditedpresentation−39.9/−26.3used." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/2", "claim": "2022 adjusted EBITDA uses original reported definition; the company changed EBITDA treatment of amortization in Q2 2023. Do not present 2022–2026 as a perfectly uniform definition.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480823000112/a06302023ex991pressrelease.htm", "locator": "NonGAAPmethodologynote", "notes": "AmortizationtreatmentchangedQ22023; original2022definition retained." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/3", "claim": "Average dayrate changed to average daily revenue in 2023; FY2023 10-K restated 2022. 2021 daily-rate/utilization data are not supplied rather than mixed into the restated series.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "MD&Aoperatingstatisticsdefinition", "notes": "2022dailyrevenue restatedunder2023method;2021notmixed." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/4", "claim": "FY2025 proxy reports Adjusted FCF $340.6m because it ADDS $137.9m asset-sale proceeds. The page's CFO-minus-capex FCF is $202.7m. Explicitly label the distinction.", "verdict": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000085/val-20260416.htm", "locator": "AppendixAadjustedFCF", "notes": "546.2−343.5+137.9=340.6companyAdjustedFCF vs546.2−343.5=202.7siteFCF USDm." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/5", "claim": "FY2023 cash capex includes purchases of DS-13 and DS-14; large negative FCF is not all recurring maintenance.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Liquidity/capitalexpenditurediscussion", "notes": "DS13/DS14purchases includedin2023cashcapex, notmaintenanceonly." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/6", "claim": "FY2025 CFO includes approximately $26m Australian tax refunds; H1 2026 CFO includes approximately $43m US tax refunds. Cash conversion depends on working capital and tax timing.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Liquidity andNote5receivables;2025Ktaxnote", "notes": "USD43.0mUSrefunds H126;USD26.0mAustraliaFY25." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/7", "claim": "ARO is a 50/50 equity-accounted JV, not consolidated revenue/debt. Valaris includes lease revenues from its rigs leased to ARO, but not 100% of ARO revenues or debt.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Note3ARO", "notes": "50/50equitymethod, leasecontractsseparate." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/8", "claim": "Uncollected fields remain null. Interim cash interest was not disclosed in the reviewed quarterly notes.", "verdict": "not_verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Quarterlycashflownotes", "notes": "Interimcashinterest remainsunavailable; no standaloneamountcertified." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/9", "claim": "Period-end shares are rounded to millions from balance sheets and must not be substituted for diluted weighted-average shares.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000029/val-20251231.htm", "locator": "BalancesheetandEPSnote", "notes": "Closingversusweightedsharesnotinterchanged." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/10", "claim": "2026 H1 numbers are six months, not full-year. Do not compare directly against annual flows without period labels.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Sixmonthstatementheaders", "notes": "Noannualization." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/17", "claim": "There is no combined post-close result in this dataset. Adding two historic cash flows would be a simple arithmetic sum, not a reported pro forma result or an estimate of merger accretion.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm", "locator": "Pendingstatus", "notes": "Noactualcombinedpostclosehistory." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/18", "claim": "Cash interest metrics retain each source’s scope; Valaris explicitly reports interest paid net of capitalised interest. They are not a uniformly defined total financing-cost series.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000029/val-20251231.htm", "locator": "Supplementalcashflowinterestpaid", "notes": "Netofcapitalizedinterestqualifier retained; notuniformallfinancingcost." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/19", "claim": "Annual standalone leverage ratios use principal debt less unrestricted cash, divided by reported annual adjusted EBITDA.", "verdict": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000029/val-20251231.htm", "locator": "Debtandcashbalances;proxyAPM", "notes": "Faceprincipalminusunrestrictedcash dividedbyfull-yearadjustedEBITDA." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/20", "claim": "The 2021 Valaris full-year chart intentionally omits financial flows and per-share values. Verified year-end balance observations and a full-year operational efficiency observation can still appear. The separate restructuring view retains the original four-month and eight-month statements.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480824000014/val-20231231.htm", "locator": "Freshstart andbalance/cashflow", "notes": "FY2021flowsnotcombined; yearendbalancesandannualefficiencyindependentlydated." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/22", "claim": "Reported G&A is not automatically recurring overhead. Historical unit-cost comparisons require a consistent cost perimeter. Clean same-rig costs and maintenance-only cash capex are retained as disclosure gaps.", "verdict": "editorial_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "G&A andoperatingsegmentdefinitions", "notes": "Same-rig recurringcost andmaintenance-onlycapex notestablished." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/23", "claim": "The latest primary deal-status filing reviewed is 14 October 2026. A projected CADE publication date is not confirmation of final approval.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000114036126039551/ef20083773_8k.htm", "locator": "8KItem8.01", "notes": "Latestverifiedstatuscutoff14Oct;expectedOfficialJournalpublicationnotconfirmation." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/24", "claim": "Debt repayment cash includes applicable redemption premiums. Transocean cash debt proceeds are net of issue costs; Valaris reports separate issue costs. In 2023 Valaris paid $571.8m to redeem $550m face debt and received $1,103m for $1,100m face new notes, before $38.6m separate issuance costs. This was refinancing plus additional borrowing, not net deleveraging.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000029/val-20251231.htm", "locator": "2023comparativecashflows andDebt note", "notes": "571.8cashredeemed550face;1103proceedsfor1100face;38.6separateissuecosts USDm." } ], "corrections": [ { "file": "valaris-transocean.html", "path": "@text=Operating profit rises 25% after the merger, but dayrates also rise. What evidence would establish that the merger itself improved the economics?", "oldValue": "Operating profit rises 25% after the merger, but dayrates also rise. What evidence would establish that the merger itself improved the economics?", "newValue": "What evidence would distinguish the merger’s operating effects from changes in dayrates?", "reason": "Numericalpost-mergerhypothetical hasnohistoricalsource andconflicts withAGENTShistorical-only/nohypotheticalfinancialscenarios. Preservequalitativeattributionquestion.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926011776/tm265550d1_ex99-2.htm", "locator": "Slide10announcedcostcategories; nohistorical25%profitobservation", "period": "not a completed historicalperiod", "currency": "not applicable", "units": "text", "accountingBasis": "editorialscope correction" }, { "file": "valaris-transocean-data.json", "path": "/deal/disclosure_gaps/5", "oldValue": "ARO consolidated/equity-accounting context and historic Valaris bankruptcy were outside the completed bounded subtask; do not infer ARO EBITDA is wholly attributable to Valaris.", "newValue": "ARO is a 50/50 equity-accounted joint venture. Valaris does not consolidate all ARO revenue, debt or cash; historical restructuring and fresh-start accounting require separate predecessor and successor comparisons.", "reason": "Audit-statusnote isstale afterthisfreshprimaryreview. Replacewithverifiedaccountingqualification; nofinancialvalueschange.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/314808/000031480826000141/val-20260630.htm", "locator": "Note3EquityMethodInvestment;2023KNotes2–3freshstart", "period": "June2026 /2021restructuring", "currency": "not applicable", "units": "text", "accountingBasis": "USGAAPequitymethod/freshstart" } ], "unresolved": [ "Shared live deal note /deal/disclosure_gaps/5 still contains an obsolete audit-status limitation: the updater does not permit edits to shared deal text. ARO equity accounting and historical restructuring were reviewed; see the cited checks. No access scope was widened.", "No verified actual CADE publication/finality after 14 October was established. Scheduled events are not completed events.", "Fresh-start 2021 annual flows are not comparable across predecessor/successor entities. Clean rig costs, maintenance-only capex, interim cash interest and realised merger savings remain unavailable." ], "batch": "operations", "name": "Valaris", "pages": [ "valaris-transocean.html" ], "reviewComplete": true, "originalResearchSummary": "All 213 populated Valaris period numbers match original financial/operating disclosures or independently calculated results. Predecessor and successor 2021 periods remain separate. ARO, bankruptcy, transaction terms, fees, conditions and dated financing events were reviewed. Two editorial corrections remain: the numerical merger hypothetical and stale ARO research-status note.", "originalUnresolved": [ "Remove25%post-mergerhypothetical frominlinepage; nohistoricalsource exists forscenario.", "Update/deletestale /deal/disclosure_gaps/5 audit-statusclaim nowthatARO/bankruptcyhavebeenreviewed.", "NoverifiedactualCADEpublication/finalityafter14October; scheduledNov24meeting remainsfutureevent.", "Fresh-start2021annualflowsnotcomparable; cleanrigcost,maintenance-onlycapex,interimcashinterest andrealizedmergersavings remainunavailable." ], "correctionsApplied": 1, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "not_verified": 102, "verified": 167, "calculated": 55 }, "sourceCount": 18 }, { "id": "transocean", "status": "partial", "periodsReviewed": [ "2021", "2022", "2023", "2024", "2025", "H1 2025", "H1 2026" ], "summary": "Completed source review: 113 source checks, 50 arithmetic checks, 82 unverified checks. 0 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150524000015/rig-20231231x10k.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/revenue", "value": 2556, "status": "verified", "sourceValue": 2556, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/averageDailyRevenue", "value": 365600, "status": "verified", "sourceValue": 365600, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Company metric, not newly awarded contract dayrate: operating revenues excluding contract terminations, reimbursements and contract-intangible amortization, per operating day." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/floaterDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/jackupDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/totalUtilisation", "value": 53.4, "status": "verified", "sourceValue": 53.4, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Operating days / rig calendar days; removing idle or stacked rigs can increase this metric without higher comparable-fleet demand." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/activeUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/floaterTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/floaterActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/jackupTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/jackupActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/revenueEfficiency", "value": 97, "status": "verified", "sourceValue": 97, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Actual eligible operating revenue / maximum contractual eligible revenue. Excludes uncontracted stacked rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/ga", "value": 167, "status": "verified", "sourceValue": 167, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/gaRevenue", "value": 6.533646322378717, "status": "calculated", "sourceValue": 6.533646322378717, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/cfo", "value": 575, "status": "verified", "sourceValue": 575, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/capex", "value": 208, "status": "verified", "sourceValue": 208, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive presentation of cash investing outflow; excludes noncash additions and separately classified transactions." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/fcf", "value": 367, "status": "calculated", "sourceValue": 367, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/fcfPerShare", "value": 0.576138147566719, "status": "calculated", "sourceValue": 0.576138147566719, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/cashInterest", "value": 429, "status": "verified", "sourceValue": 429, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash payments for interest disclosed under certain cash operating activities; distinct from GAAP interest expense and capitalized interest." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/dilutedShares", "value": 637, "status": "verified", "sourceValue": 637, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/shareChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " No prior comparable period in this stored basis." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/debtChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " No prior comparable period in this stored basis." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/cashDebtRepayments", "value": 606, "status": "verified", "sourceValue": 606, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive magnitude of reported financing cash outflow Repayments of debt. Use as cash payment, not principal debt reduction. Includes redemption premiums/discount effects in cash payments where applicable; noncash exchanges are separate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/cashDebtProceeds", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Net of issue costs, per reported cash-flow line. Excludes noncash securities exchanged for debt, assets or warrants." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/cashShareProceeds", "value": 158, "status": "verified", "sourceValue": 158, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Net of issue costs, per reported cash-flow line. Excludes noncash securities exchanged for debt, assets or warrants." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/cashRepurchases", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "No separate cash share-repurchase line in reviewed cash-flow statements. Null is not evidence of a buyback; avoid treating issuance of treasury shares or net share withholding as market repurchases. No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." } ] }, { "sourceUrl": "https://investor.deepwater.com/news-releases/news-release-details/transocean-ltd-reports-fourth-quarter-and-full-year-2021-results", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/adjustedEbitda", "value": 995, "status": "verified", "sourceValue": 995, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Company-reported non-GAAP measure from earnings reconciliation; not derived simply as revenue less cash operating costs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/adjustedMargin", "value": 38.92801251956182, "status": "calculated", "sourceValue": 38.92801251956182, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150523000029/rig-20221231x10k.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2021", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/debtPrincipal", "value": 6820, "status": "verified", "sourceValue": 6820, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Principal amount, not balance-sheet carrying value. Does not subtract unrestricted or restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/debtCarrying", "value": 7170, "status": "verified", "sourceValue": 7170, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Includes unamortized discounts, premiums, issue costs and relevant exchangeable-debt features; differs from principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/cash", "value": 976, "status": "verified", "sourceValue": 976, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash and cash equivalents; excludes restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/netDebt", "value": 5844, "status": "calculated", "sourceValue": 5844, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/netDebtEbitda", "value": 5.873366834170854, "status": "calculated", "sourceValue": 5.873366834170854, "unit": "×", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Uses this full year of company-defined adjusted EBITDA; not a combined merger covenant measure. Net debt / full-year adjusted EBITDA; never annualises a half year." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/0/values/endShares", "value": 655.505335, "status": "verified", "sourceValue": 655.505335, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150524000015/rig-20231231x10k.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/revenue", "value": 2575, "status": "verified", "sourceValue": 2575, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/averageDailyRevenue", "value": 345500, "status": "verified", "sourceValue": 345500, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Company metric, not newly awarded contract dayrate: operating revenues excluding contract terminations, reimbursements and contract-intangible amortization, per operating day." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/floaterDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/jackupDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/totalUtilisation", "value": 54.1, "status": "verified", "sourceValue": 54.1, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Operating days / rig calendar days; removing idle or stacked rigs can increase this metric without higher comparable-fleet demand." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/activeUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/floaterTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/floaterActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/jackupTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/jackupActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/revenueEfficiency", "value": 96.4, "status": "verified", "sourceValue": 96.4, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Actual eligible operating revenue / maximum contractual eligible revenue. Excludes uncontracted stacked rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/ga", "value": 182, "status": "verified", "sourceValue": 182, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/gaRevenue", "value": 7.067961165048544, "status": "calculated", "sourceValue": 7.067961165048544, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/cfo", "value": 448, "status": "verified", "sourceValue": 448, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/capex", "value": 717, "status": "verified", "sourceValue": 717, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive presentation of cash investing outflow; excludes noncash additions and separately classified transactions." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/fcf", "value": -269, "status": "calculated", "sourceValue": -269, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/fcfPerShare", "value": -0.38483547925608014, "status": "calculated", "sourceValue": -0.38483547925608014, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/debtPrincipal", "value": 6963, "status": "verified", "sourceValue": 6963, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Principal amount, not balance-sheet carrying value. Does not subtract unrestricted or restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/debtCarrying", "value": 7347, "status": "verified", "sourceValue": 7347, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Includes unamortized discounts, premiums, issue costs and relevant exchangeable-debt features; differs from principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/cash", "value": 683, "status": "verified", "sourceValue": 683, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash and cash equivalents; excludes restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/netDebt", "value": 6280, "status": "calculated", "sourceValue": 6280, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/netDebtEbitda", "value": 7.696078431372549, "status": "calculated", "sourceValue": 7.696078431372549, "unit": "×", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Uses this full year of company-defined adjusted EBITDA; not a combined merger covenant measure. Net debt / full-year adjusted EBITDA; never annualises a half year." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/cashInterest", "value": 355, "status": "verified", "sourceValue": 355, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash payments for interest disclosed under certain cash operating activities; distinct from GAAP interest expense and capitalized interest." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/dilutedShares", "value": 699, "status": "verified", "sourceValue": 699, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/endShares", "value": 721.888427, "status": "verified", "sourceValue": 721.888427, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/shareChange", "value": 66.38309200000003, "status": "calculated", "sourceValue": 66.38309200000003, "unit": "million shares", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Period-end shares minus previous comparable period-end shares; not percentage or weighted shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/debtChange", "value": 143, "status": "calculated", "sourceValue": 143, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Face principal minus previous comparable period-end face principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/cashDebtRepayments", "value": 554, "status": "verified", "sourceValue": 554, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive magnitude of reported financing cash outflow Repayments of debt. Use as cash payment, not principal debt reduction. Includes redemption premiums/discount effects in cash payments where applicable; noncash exchanges are separate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/cashDebtProceeds", "value": 175, "status": "verified", "sourceValue": 175, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Net of issue costs, per reported cash-flow line. Excludes noncash securities exchanged for debt, assets or warrants." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/cashShareProceeds", "value": 263, "status": "verified", "sourceValue": 263, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Net of issue costs, per reported cash-flow line. Excludes noncash securities exchanged for debt, assets or warrants." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/cashRepurchases", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "No separate cash share-repurchase line in reviewed cash-flow statements. Null is not evidence of a buyback; avoid treating issuance of treasury shares or net share withholding as market repurchases. No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000155837024001319/rig-20240219xex99d1.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2022", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/adjustedEbitda", "value": 816, "status": "verified", "sourceValue": 816, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Company-reported non-GAAP measure from earnings reconciliation; not derived simply as revenue less cash operating costs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/1/values/adjustedMargin", "value": 31.689320388349515, "status": "calculated", "sourceValue": 31.689320388349515, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150524000015/rig-20231231x10k.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/revenue", "value": 2832, "status": "verified", "sourceValue": 2832, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/averageDailyRevenue", "value": 382300, "status": "verified", "sourceValue": 382300, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Company metric, not newly awarded contract dayrate: operating revenues excluding contract terminations, reimbursements and contract-intangible amortization, per operating day." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/floaterDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/jackupDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/totalUtilisation", "value": 51.9, "status": "verified", "sourceValue": 51.9, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Operating days / rig calendar days; removing idle or stacked rigs can increase this metric without higher comparable-fleet demand." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/activeUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/floaterTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/floaterActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/jackupTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/jackupActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/revenueEfficiency", "value": 96.8, "status": "verified", "sourceValue": 96.8, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Actual eligible operating revenue / maximum contractual eligible revenue. Excludes uncontracted stacked rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/ga", "value": 187, "status": "verified", "sourceValue": 187, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/gaRevenue", "value": 6.603107344632768, "status": "calculated", "sourceValue": 6.603107344632768, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/cfo", "value": 164, "status": "verified", "sourceValue": 164, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/capex", "value": 427, "status": "verified", "sourceValue": 427, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive presentation of cash investing outflow; excludes noncash additions and separately classified transactions." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/fcf", "value": -263, "status": "calculated", "sourceValue": -263, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/fcfPerShare", "value": -0.3424479166666667, "status": "calculated", "sourceValue": -0.3424479166666667, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/debtPrincipal", "value": 7032, "status": "verified", "sourceValue": 7032, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Principal amount, not balance-sheet carrying value. Does not subtract unrestricted or restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/debtCarrying", "value": 7413, "status": "verified", "sourceValue": 7413, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Includes unamortized discounts, premiums, issue costs and relevant exchangeable-debt features; differs from principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/cash", "value": 762, "status": "verified", "sourceValue": 762, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash and cash equivalents; excludes restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/netDebt", "value": 6270, "status": "calculated", "sourceValue": 6270, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/netDebtEbitda", "value": 8.495934959349594, "status": "calculated", "sourceValue": 8.495934959349594, "unit": "×", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Uses this full year of company-defined adjusted EBITDA; not a combined merger covenant measure. Net debt / full-year adjusted EBITDA; never annualises a half year." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/cashInterest", "value": 408, "status": "verified", "sourceValue": 408, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash payments for interest disclosed under certain cash operating activities; distinct from GAAP interest expense and capitalized interest." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/dilutedShares", "value": 768, "status": "verified", "sourceValue": 768, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/endShares", "value": 809.030846, "status": "verified", "sourceValue": 809.030846, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/shareChange", "value": 87.14241900000002, "status": "calculated", "sourceValue": 87.14241900000002, "unit": "million shares", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Period-end shares minus previous comparable period-end shares; not percentage or weighted shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/debtChange", "value": 69, "status": "calculated", "sourceValue": 69, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Face principal minus previous comparable period-end face principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/cashDebtRepayments", "value": 1717, "status": "verified", "sourceValue": 1717, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive magnitude of reported financing cash outflow Repayments of debt. Use as cash payment, not principal debt reduction. Includes redemption premiums/discount effects in cash payments where applicable; noncash exchanges are separate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/cashDebtProceeds", "value": 1983, "status": "verified", "sourceValue": 1983, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Net of issue costs, per reported cash-flow line. Excludes noncash securities exchanged for debt, assets or warrants." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/cashShareProceeds", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Net of issue costs, per reported cash-flow line. Excludes noncash securities exchanged for debt, assets or warrants." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/cashRepurchases", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "No separate cash share-repurchase line in reviewed cash-flow statements. Null is not evidence of a buyback; avoid treating issuance of treasury shares or net share withholding as market repurchases. No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000155837024001319/rig-20240219xex99d1.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2023", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/adjustedEbitda", "value": 738, "status": "verified", "sourceValue": 738, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Company-reported non-GAAP measure from earnings reconciliation; not derived simply as revenue less cash operating costs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/2/values/adjustedMargin", "value": 26.059322033898304, "status": "calculated", "sourceValue": 26.059322033898304, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000018/rig-20251231x10k.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/revenue", "value": 3524, "status": "verified", "sourceValue": 3524, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/averageDailyRevenue", "value": 430100, "status": "verified", "sourceValue": 430100, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Company metric, not newly awarded contract dayrate: operating revenues excluding contract terminations, reimbursements and contract-intangible amortization, per operating day." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/floaterDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/jackupDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/totalUtilisation", "value": 60.5, "status": "verified", "sourceValue": 60.5, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Operating days / rig calendar days; removing idle or stacked rigs can increase this metric without higher comparable-fleet demand." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/activeUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/floaterTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/floaterActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/jackupTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/jackupActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/revenueEfficiency", "value": 94.5, "status": "verified", "sourceValue": 94.5, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Actual eligible operating revenue / maximum contractual eligible revenue. Excludes uncontracted stacked rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/ga", "value": 214, "status": "verified", "sourceValue": 214, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/gaRevenue", "value": 6.072644721906924, "status": "calculated", "sourceValue": 6.072644721906924, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/cfo", "value": 447, "status": "verified", "sourceValue": 447, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/capex", "value": 254, "status": "verified", "sourceValue": 254, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive presentation of cash investing outflow; excludes noncash additions and separately classified transactions." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/fcf", "value": 193, "status": "calculated", "sourceValue": 193, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/fcfPerShare", "value": 0.20864864864864865, "status": "calculated", "sourceValue": 0.20864864864864865, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/debtPrincipal", "value": 6944, "status": "verified", "sourceValue": 6944, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Principal amount, not balance-sheet carrying value. Does not subtract unrestricted or restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/debtCarrying", "value": 6881, "status": "verified", "sourceValue": 6881, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Includes unamortized discounts, premiums, issue costs and relevant exchangeable-debt features; differs from principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/cash", "value": 560, "status": "verified", "sourceValue": 560, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash and cash equivalents; excludes restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/netDebt", "value": 6384, "status": "calculated", "sourceValue": 6384, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/netDebtEbitda", "value": 5.560975609756097, "status": "calculated", "sourceValue": 5.560975609756097, "unit": "×", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Uses this full year of company-defined adjusted EBITDA; not a combined merger covenant measure. Net debt / full-year adjusted EBITDA; never annualises a half year." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/cashInterest", "value": 521, "status": "verified", "sourceValue": 521, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash payments for interest disclosed under certain cash operating activities; distinct from GAAP interest expense and capitalized interest." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/dilutedShares", "value": 925, "status": "verified", "sourceValue": 925, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/endShares", "value": 875.830772, "status": "verified", "sourceValue": 875.830772, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/shareChange", "value": 66.79992600000003, "status": "calculated", "sourceValue": 66.79992600000003, "unit": "million shares", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Period-end shares minus previous comparable period-end shares; not percentage or weighted shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/debtChange", "value": -88, "status": "calculated", "sourceValue": -88, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Face principal minus previous comparable period-end face principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/cashDebtRepayments", "value": 2103, "status": "verified", "sourceValue": 2103, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive magnitude of reported financing cash outflow Repayments of debt. Use as cash payment, not principal debt reduction. Includes redemption premiums/discount effects in cash payments where applicable; noncash exchanges are separate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/cashDebtProceeds", "value": 1770, "status": "verified", "sourceValue": 1770, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Net of issue costs, per reported cash-flow line. Excludes noncash securities exchanged for debt, assets or warrants." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/cashShareProceeds", "value": 0, "status": "verified", "sourceValue": 0, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Net of issue costs, per reported cash-flow line. Excludes noncash securities exchanged for debt, assets or warrants." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/cashRepurchases", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "No separate cash share-repurchase line in reviewed cash-flow statements. Null is not evidence of a buyback; avoid treating issuance of treasury shares or net share withholding as market repurchases. No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." } ] }, { "sourceUrl": "https://investor.deepwater.com/news-releases/news-release-details/transocean-ltd-reports-fourth-quarter-and-full-year-2025-results", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2024", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/adjustedEbitda", "value": 1148, "status": "verified", "sourceValue": 1148, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Company-reported non-GAAP measure from earnings reconciliation; not derived simply as revenue less cash operating costs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/3/values/adjustedMargin", "value": 32.57661748013621, "status": "calculated", "sourceValue": 32.57661748013621, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000018/rig-20251231x10k.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/revenue", "value": 3965, "status": "verified", "sourceValue": 3965, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/averageDailyRevenue", "value": 456700, "status": "verified", "sourceValue": 456700, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Company metric, not newly awarded contract dayrate: operating revenues excluding contract terminations, reimbursements and contract-intangible amortization, per operating day." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/floaterDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/jackupDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/totalUtilisation", "value": 72.4, "status": "verified", "sourceValue": 72.4, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Operating days / rig calendar days; removing idle or stacked rigs can increase this metric without higher comparable-fleet demand." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/activeUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/floaterTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/floaterActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/jackupTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/jackupActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/revenueEfficiency", "value": 96.5, "status": "verified", "sourceValue": 96.5, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Actual eligible operating revenue / maximum contractual eligible revenue. Excludes uncontracted stacked rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/ga", "value": 195, "status": "verified", "sourceValue": 195, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/gaRevenue", "value": 4.918032786885246, "status": "calculated", "sourceValue": 4.918032786885246, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/cfo", "value": 749, "status": "verified", "sourceValue": 749, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/capex", "value": 123, "status": "verified", "sourceValue": 123, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive presentation of cash investing outflow; excludes noncash additions and separately classified transactions." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/fcf", "value": 626, "status": "calculated", "sourceValue": 626, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/fcfPerShare", "value": 0.6520833333333333, "status": "calculated", "sourceValue": 0.6520833333333333, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/debtPrincipal", "value": 5686, "status": "verified", "sourceValue": 5686, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Principal amount, not balance-sheet carrying value. Does not subtract unrestricted or restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/debtCarrying", "value": 5657, "status": "verified", "sourceValue": 5657, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Includes unamortized discounts, premiums, issue costs and relevant exchangeable-debt features; differs from principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/cash", "value": 620, "status": "verified", "sourceValue": 620, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash and cash equivalents; excludes restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/netDebt", "value": 5066, "status": "calculated", "sourceValue": 5066, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/netDebtEbitda", "value": 3.6978102189781024, "status": "calculated", "sourceValue": 3.6978102189781024, "unit": "×", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Uses this full year of company-defined adjusted EBITDA; not a combined merger covenant measure. Net debt / full-year adjusted EBITDA; never annualises a half year." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/cashInterest", "value": 538, "status": "verified", "sourceValue": 538, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash payments for interest disclosed under certain cash operating activities; distinct from GAAP interest expense and capitalized interest." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/dilutedShares", "value": 960, "status": "verified", "sourceValue": 960, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/endShares", "value": 1101.528481, "status": "verified", "sourceValue": 1101.528481, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/shareChange", "value": 225.69770900000003, "status": "calculated", "sourceValue": 225.69770900000003, "unit": "million shares", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Period-end shares minus previous comparable period-end shares; not percentage or weighted shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/debtChange", "value": -1258, "status": "calculated", "sourceValue": -1258, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Face principal minus previous comparable period-end face principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/cashDebtRepayments", "value": 1556, "status": "verified", "sourceValue": 1556, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive magnitude of reported financing cash outflow Repayments of debt. Use as cash payment, not principal debt reduction. Includes redemption premiums/discount effects in cash payments where applicable; noncash exchanges are separate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/cashDebtProceeds", "value": 492, "status": "verified", "sourceValue": 492, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Net of issue costs, per reported cash-flow line. Excludes noncash securities exchanged for debt, assets or warrants." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/cashShareProceeds", "value": 421, "status": "verified", "sourceValue": 421, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Net of issue costs, per reported cash-flow line. Excludes noncash securities exchanged for debt, assets or warrants." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/cashRepurchases", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "No separate cash share-repurchase line in reviewed cash-flow statements. Null is not evidence of a buyback; avoid treating issuance of treasury shares or net share withholding as market repurchases. No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." } ] }, { "sourceUrl": "https://investor.deepwater.com/news-releases/news-release-details/transocean-ltd-reports-fourth-quarter-and-full-year-2025-results", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "final annual10K/issuer release/proxy;2021 periods separated at fresh start", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/adjustedEbitda", "value": 1370, "status": "verified", "sourceValue": 1370, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Company-reported non-GAAP measure from earnings reconciliation; not derived simply as revenue less cash operating costs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/annual/4/values/adjustedMargin", "value": 34.55233291298865, "status": "calculated", "sourceValue": 34.55233291298865, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000061/rig-20260630x10q.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "H1 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "unaudited quarterly report / original issuer earnings reconciliation", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/revenue", "value": 1894, "status": "verified", "sourceValue": 1894, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/averageDailyRevenue", "value": 451300, "status": "verified", "sourceValue": 451300, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Company metric, not newly awarded contract dayrate: operating revenues excluding contract terminations, reimbursements and contract-intangible amortization, per operating day." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/floaterDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/jackupDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/totalUtilisation", "value": 65.3, "status": "verified", "sourceValue": 65.3, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Operating days / rig calendar days; removing idle or stacked rigs can increase this metric without higher comparable-fleet demand." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/activeUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/floaterTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/floaterActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/jackupTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/jackupActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/revenueEfficiency", "value": 96.1, "status": "verified", "sourceValue": 96.1, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Actual eligible operating revenue / maximum contractual eligible revenue. Excludes uncontracted stacked rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/ga", "value": 99, "status": "verified", "sourceValue": 99, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/gaRevenue", "value": 5.227032734952481, "status": "calculated", "sourceValue": 5.227032734952481, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/cfo", "value": 154, "status": "verified", "sourceValue": 154, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/capex", "value": 84, "status": "verified", "sourceValue": 84, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive presentation of cash investing outflow; excludes noncash additions and separately classified transactions." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/fcf", "value": 70, "status": "calculated", "sourceValue": 70, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/fcfPerShare", "value": 0.07909604519774012, "status": "calculated", "sourceValue": 0.07909604519774012, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/netDebtEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "×", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/cashInterest", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Interim10Qfinancialnotes do notdisclosefullmatchinghalf-yearcashinterestpaid; expense/amortizationorquarter-onlyearningscomments aredifferentmeasures." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/dilutedShares", "value": 885, "status": "verified", "sourceValue": 885, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/shareChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "million shares", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " No prior comparable period in this stored basis." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/debtChange", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": " No prior comparable period in this stored basis." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/cashDebtRepayments", "value": 240, "status": "verified", "sourceValue": 240, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive magnitude of reported financing cash outflow Repayments of debt. Use as cash payment, not principal debt reduction. Includes redemption premiums/discount effects in cash payments where applicable; noncash exchanges are separate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/cashDebtProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "OriginalH126cashflowshowsnetfinancing Other only (Transocean−1/−13USDm;Valaris−1.5/−0.4USDm), withoutdistinctmatchingcashproceeds/repurchaseline. NetOther cannot certifygrosszero or separatecashfinancingcomponents; noncashshareskeptseparate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "OriginalH126cashflowshowsnetfinancing Other only (Transocean−1/−13USDm;Valaris−1.5/−0.4USDm), withoutdistinctmatchingcashproceeds/repurchaseline. NetOther cannot certifygrosszero or separatecashfinancingcomponents; noncashshareskeptseparate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/cashRepurchases", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "OriginalH126cashflowshowsnetfinancing Other only (Transocean−1/−13USDm;Valaris−1.5/−0.4USDm), withoutdistinctmatchingcashproceeds/repurchaseline. NetOther cannot certifygrosszero or separatecashfinancingcomponents; noncashshareskeptseparate." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000058/rig-20260805xex99d1.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "H1 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "unaudited quarterly report / original issuer earnings reconciliation", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/adjustedEbitda", "value": 588, "status": "verified", "sourceValue": 588, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Company-reported non-GAAP measure from earnings reconciliation; not derived simply as revenue less cash operating costs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/adjustedMargin", "value": 31.045406546990495, "status": "calculated", "sourceValue": 31.045406546990495, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150525000079/rig-20250630x10q.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "H1 2025", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "unaudited quarterly report / original issuer earnings reconciliation", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/debtPrincipal", "value": 6654, "status": "verified", "sourceValue": 6654, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Principal amount, not balance-sheet carrying value. Does not subtract unrestricted or restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/debtCarrying", "value": 6551, "status": "verified", "sourceValue": 6551, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Includes unamortized discounts, premiums, issue costs and relevant exchangeable-debt features; differs from principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/cash", "value": 377, "status": "verified", "sourceValue": 377, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash and cash equivalents; excludes restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/netDebt", "value": 6277, "status": "calculated", "sourceValue": 6277, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/0/values/endShares", "value": 902.249348, "status": "verified", "sourceValue": 902.249348, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000061/rig-20260630x10q.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "H1 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "unaudited quarterly report / original issuer earnings reconciliation", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/revenue", "value": 2047, "status": "verified", "sourceValue": 2047, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/averageDailyRevenue", "value": 474100, "status": "verified", "sourceValue": 474100, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Company metric, not newly awarded contract dayrate: operating revenues excluding contract terminations, reimbursements and contract-intangible amortization, per operating day." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/floaterDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/jackupDailyRevenue", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/totalUtilisation", "value": 82.5, "status": "verified", "sourceValue": 82.5, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Operating days / rig calendar days; removing idle or stacked rigs can increase this metric without higher comparable-fleet demand." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/activeUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/floaterTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/floaterActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/jackupTotalUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/jackupActiveUtilisation", "value": null, "status": "not_verified", "sourceValue": null, "unit": "%", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": "Not applicable to selecteddisplaycompany metricperimeter;company-specificmetricdefinitions differ. No cross-companymetric copied." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/revenueEfficiency", "value": 97.2, "status": "verified", "sourceValue": 97.2, "unit": "%", "currency": "not applicable", "accountingBasis": "reported contract/operating metric", "notes": "Actual eligible operating revenue / maximum contractual eligible revenue. Excludes uncontracted stacked rigs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/ga", "value": 105, "status": "verified", "sourceValue": 105, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/gaRevenue", "value": 5.129457743038593, "status": "calculated", "sourceValue": 5.129457743038593, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×GAAP G&A / GAAP revenue." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/cfo", "value": 400, "status": "verified", "sourceValue": 400, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "" }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/capex", "value": 52, "status": "verified", "sourceValue": 52, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive presentation of cash investing outflow; excludes noncash additions and separately classified transactions." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/fcf", "value": 348, "status": "calculated", "sourceValue": 348, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " GAAP net operating cash flow − total cash capex." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/fcfPerShare", "value": 0.30933333333333335, "status": "calculated", "sourceValue": 0.30933333333333335, "unit": "USD / share", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Arithmetic using the reported GAAP denominator; no assumed-conversion interest add-back. Not a fully diluted valuation. Calculated FCF / matching GAAP diluted weighted-average shares (millions), not closing shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/debtPrincipal", "value": 5107, "status": "verified", "sourceValue": 5107, "unit": "USD m", "currency": "USD", "accountingBasis": "reported contract/operating metric", "notes": "Principal amount, not balance-sheet carrying value. Does not subtract unrestricted or restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/debtCarrying", "value": 5119, "status": "verified", "sourceValue": 5119, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Includes unamortized discounts, premiums, issue costs and relevant exchangeable-debt features; differs from principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/cash", "value": 509, "status": "verified", "sourceValue": 509, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Cash and cash equivalents; excludes restricted cash." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/netDebt", "value": 4598, "status": "calculated", "sourceValue": 4598, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": " Gross face principal − unrestricted cash and cash equivalents; restricted cash excluded." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/netDebtEbitda", "value": null, "status": "not_verified", "sourceValue": null, "unit": "×", "currency": "not applicable", "accountingBasis": "company reported; see source table", "notes": " No established same-period comparable source value entered; blanks not replaced by zero or another issuer/period/perimeter." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/cashInterest", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Interim10Qfinancialnotes do notdisclosefullmatchinghalf-yearcashinterestpaid; expense/amortizationorquarter-onlyearningscomments aredifferentmeasures." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/dilutedShares", "value": 1125, "status": "verified", "sourceValue": 1125, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": " GAAP reported diluted weighted-average shares. Exchangeable-bond if-converted effects can differ from basic denominator." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/endShares", "value": 1117, "status": "verified", "sourceValue": 1117, "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP consolidated", "notes": "Reported rounded to 1,117 million in balance sheet. Do not substitute 1,116,880,085 from July 28, 2026 cover page as exact June 30 count. Point-in-time outstanding common shares; excludes treasury; source absolute shares converted to millions where applicable. No stock split adjustment introduced." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/shareChange", "value": 214.75065199999995, "status": "calculated", "sourceValue": 214.75065199999995, "unit": "million shares", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Period-end shares minus previous comparable period-end shares; not percentage or weighted shares." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/debtChange", "value": -1547, "status": "calculated", "sourceValue": -1547, "unit": "USD m", "currency": "USD", "accountingBasis": "calculated; see formula", "notes": "Balance movement; not a gross cash flow or issuance figure. Face principal minus previous comparable period-end face principal." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/cleanRigCost", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD / operating day", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/maintenanceCapex", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "Operatingsegmentexpenses includevariableperimeters/shore/idle/reimbursableandmobilizationamounts;reportedtotalcashcapexmixesmaintenance,newbuilds,reactivations/acquisitions. No separatecomparablecleanrigcost/maintenance-onlycapex established." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/cashDebtRepayments", "value": 586, "status": "verified", "sourceValue": 586, "unit": "USD m", "currency": "USD", "accountingBasis": "US GAAP consolidated", "notes": "Positive magnitude of reported financing cash outflow Repayments of debt. Use as cash payment, not principal debt reduction. Includes redemption premiums/discount effects in cash payments where applicable; noncash exchanges are separate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/cashDebtProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "OriginalH126cashflowshowsnetfinancing Other only (Transocean−1/−13USDm;Valaris−1.5/−0.4USDm), withoutdistinctmatchingcashproceeds/repurchaseline. NetOther cannot certifygrosszero or separatecashfinancingcomponents; noncashshareskeptseparate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/cashShareProceeds", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "OriginalH126cashflowshowsnetfinancing Other only (Transocean−1/−13USDm;Valaris−1.5/−0.4USDm), withoutdistinctmatchingcashproceeds/repurchaseline. NetOther cannot certifygrosszero or separatecashfinancingcomponents; noncashshareskeptseparate." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/cashRepurchases", "value": null, "status": "not_verified", "sourceValue": null, "unit": "USD m", "currency": "USD", "accountingBasis": "company reported; see source table", "notes": "OriginalH126cashflowshowsnetfinancing Other only (Transocean−1/−13USDm;Valaris−1.5/−0.4USDm), withoutdistinctmatchingcashproceeds/repurchaseline. NetOther cannot certifygrosszero or separatecashfinancingcomponents; noncashshareskeptseparate." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000058/rig-20260805xex99d1.htm", "locator": "Consolidated income, balance-sheet and cash-flow tables; Debt and EPS notes; operating-statistics tables; adjusted EBITDA reconciliation / proxy AppendixA.", "period": "H1 2026", "currency": "see per-check currency", "units": "see per-check unit", "accountingBasis": "US GAAP, operating metrics and explicitly labelled issuer non-GAAP measures", "statementStatus": "unaudited quarterly report / original issuer earnings reconciliation", "checks": [ { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/adjustedEbitda", "value": 752, "status": "verified", "sourceValue": 752, "unit": "USD m", "currency": "USD", "accountingBasis": "issuer non-GAAP reconciliation; differing company definitions; Valaris methodology break2023", "notes": "Company-reported non-GAAP measure from earnings reconciliation; not derived simply as revenue less cash operating costs." }, { "file": "valaris-transocean-data.json", "path": "/companies/transocean/periods/halfYear/1/values/adjustedMargin", "value": 36.73668783585735, "status": "calculated", "sourceValue": 36.73668783585735, "unit": "%", "currency": "not applicable", "accountingBasis": "calculated; see formula", "notes": " 100×issuer adjusted EBITDA / GAAP consolidated revenue; not the issuer adjusted-revenue margin." } ] } ], "claims": [ { "file": "valaris-transocean-data.json", "pathOrText": "/timeline/1", "claim": "2026-10-01: Transocean retired $165m principal of 8% Aquila notes using cash and its associated debt-service reserve.", "verdict": "verified", "sourceUrl": "https://investor.deepwater.com/news-releases/news-release-details/transocean-ltd-announces-amended-and-restated-credit-agreement", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean-data.json", "pathOrText": "/timeline/4", "claim": "2026-10-15: Transocean announced a revolver expansion from $510m to $750m and extension from June 2028 to October 2031. Effectiveness requires the merger to close and customary conditions.", "verdict": "verified", "sourceUrl": "https://investor.deepwater.com/news-releases/news-release-details/transocean-ltd-announces-amended-and-restated-credit-agreement", "locator": "Originalissuerfiling/announcement eventparagraph", "notes": "Classification retained: actualhistoricalevent versus announcedschedule/conditionalagreement. Scheduledfuture meeting/expectedpublication is notcompletedfact." }, { "file": "valaris-transocean.html", "pathOrText": "Transocean provides offshore contract drilling services focused on deepwater and harsh-environment wells.", "claim": "Transocean provides offshore contract drilling services focused on deepwater and harsh-environment wells.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000018/rig-20251231x10k.htm", "locator": "Item1Business", "notes": "Floatingrigs/equipment/crews foroilgasoperators." }, { "file": "valaris-transocean.html", "pathOrText": "In2025 Transocean reported$1556m cashdebt repayments,$492m netdebt proceeds,$421m netshareissuanceproceeds.", "claim": "In2025 Transocean reported$1556m cashdebt repayments,$492m netdebt proceeds,$421m netshareissuanceproceeds.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000018/rig-20251231x10k.htm", "locator": "Consolidatedcashflows", "notes": "USGAAPcashfinancingflows; redemptionpremiums/issuecostscope retained." }, { "file": "valaris-transocean.html", "pathOrText": "Transocean issued73.3mshares innoncashbondexchanges during2025; April2026 netwarrantsettlement produced9.7mshares.", "claim": "Transocean issued73.3mshares innoncashbondexchanges during2025; April2026 netwarrantsettlement produced9.7mshares.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000018/rig-20251231x10k.htm", "locator": "Debt/equitynotes", "notes": "73.3mverifiedFY2025K;9.7mverifiedH12026QNote10. Notcashraised." }, { "file": "valaris-transocean-data.json", "pathOrText": "inline April2026 warrantsettlement", "claim": "9.7million netsettlementshares", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000061/rig-20260630x10q.htm", "locator": "Note10Warrants", "notes": "Shares notnetcashproceeds; million shares." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/11", "claim": "GAAP diluted shares versus economic dilution: In FY2021, FY2022, FY2023 and FY2025, GAAP diluted weighted-average shares equal basic because relevant instruments were antidilutive. This does not remove their economic dilution potential. FY2024 is an exception despite the GAAP net loss: diluted denominator 925m vs basic850m, with a -189m convertible adjustment to EPS numerator. The resulting diluted numerator is -701m vs reported net loss -512m.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000018/rig-20251231x10k.htm", "locator": "EPSnote11", "notes": "FY2024basic850m+convertible75m=diluted925m; numerator−512−189=−701USDm;2021/22earlierKcomparisonchecked." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/12", "claim": "Annual antidilutive instruments excluded: Annual weighted-average antidilutive exclusions are not a current fully diluted share count. FY2025 warrants excluded because exercise price exceeded average stock price; displayed zero is not proof no warrants existed.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000018/rig-20251231x10k.htm", "locator": "EPSantidilutiveexclusiontable", "notes": "FY25warrantsexcludedbecausestrike>averageprice; notzerowarrantsoutstanding." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/13", "claim": "H1 and Q2 2026 dilution: H1 2026 basic1115m + awards7m + warrants3m = diluted1125m; 75m convertible shares excluded as antidilutive. Q2 alone basic1120m + convertible75m + awards7m = diluted1202m; Q2 EPS numerator170m adjusted by -126m to44m. H1 2025 diluted/basic885m excluded convertible119m and awards17m. Do not mix quarterly and six-month denominators.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000061/rig-20260630x10q.htm", "locator": "Note8EPS", "notes": "H1261115+7+3=1125m;convertible75excluded. Q2261120+75+7=1202m;170−126=44USDm numerator. H125885m;119mconvertible+17mawards excluded." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/14", "claim": "Cash capex and noncash fleet funding: FY2022 cash capex717m excludes382m noncash capital additions financed with Shipyard Loans. FY2023 cash capex427m excludes126m noncash capital additions acquired through shares. CFO-minus-cash-capex is a cash flow measure and does not capture every economic fleet investment.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150524000015/rig-20231231x10k.htm", "locator": "Property/equipmentandcashflowcash/noncashnotes", "notes": "2022cash717m excludes382mnoncashshipyardloans;2023cash427m excludes126mnoncashsharefundedadditions." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/15", "claim": "G&A comparability: H1 2026 G&A105m includes17m acquisition costs and3m integration costs related to proposed transaction, whereas H1 2025 G&A99m had no comparable amounts.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000061/rig-20260630x10q.htm", "locator": "MD&AsixmonthG&Aparagraph;Note1", "notes": "H126G&A105m includes17macquisition+3mintegration;H12599mnoequivalent." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/16", "claim": "Utilization denominator: Company explicitly cautions disposal or held-for-sale classification of idle/stacked units can raise reported utilization. H1 2026 82.5% vs H1 2025 65.3% should not all be interpreted as organic comparable-fleet improvement.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000061/rig-20260630x10q.htm", "locator": "Utilizationdefinitionunderoperatingstatistics", "notes": "Disposals/heldforsale canraisedenominatorratio;82.5vs65.3%verified." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/21", "claim": "FCF per GAAP diluted share uses an EPS-derived denominator without assumed-conversion numerator adjustments. Show this beside total FCF and closing shares; it is not a fully diluted valuation or a merger exchange-equivalent return.", "verdict": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000061/rig-20260630x10q.htm", "locator": "EPSdenominatorandCFstatements", "notes": "FCFdenominatorarithmeticnotEPSnumerator or fullydilutedvaluation." }, { "file": "valaris-transocean-data.json", "pathOrText": "/notes/25", "claim": "Transocean reported $421m net cash share-issuance proceeds in 2025. Noncash bond exchanges and net-settled warrant exercises also affect the share count but are not cash fundraising. Missing cash proceeds or repurchase lines remain unavailable.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000145150526000018/rig-20251231x10k.htm", "locator": "Financingcashflows/equitynotes", "notes": "421USDm netcashshares;noncashbond/warrantseparate." } ], "corrections": [], "unresolved": [ "No actual post-close results were established. Constant-fleet costs and maintenance-only cash capital expenditure remain unestablished." ], "batch": "operations", "name": "Transocean", "pages": [ "valaris-transocean.html" ], "reviewComplete": true, "originalResearchSummary": "All 163 populated Transocean period numbers match original financial/operating disclosures or independently calculated results. Debt principal versus carrying value, actual cash financing, noncash shares, diluted EPS denominators and noncash capital additions were checked. Missing comparable cost, maintenance-only capex and financing-component series remain explicitly unavailable.", "originalUnresolved": [ "Sharedpage25%hypothetical flagged underValaris forrooteditorialremoval; allTransoceanhistoricalnumbersverified.", "Noactualpostcloseresults;cleanconstant-fleetcostandmaintenance-onlycashcapex notestablished." ], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": { "verified": 113, "not_verified": 82, "calculated": 50 }, "sourceCount": 10 }, { "id": "msft", "status": "partial", "periodsReviewed": [ "FY2022", "FY2023", "FY2024", "FY2025 ended 30 June 2025", "FY2026 ended 30 June 2026" ], "summary": "Completed source review: 149 source checks, 37 arithmetic checks, 7 unverified checks. 10 dated field or wording changes applied. 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CompanyFcf here confirms arithmetic; original company attribution separately reviewed.", "unit": "USD per closing common share", "currency": "USD", "accountingBasis": "Calculated from verified original-source inputs", "periodEnd": "2025-06-30" } ] }, { "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Consolidated financial statements / lease note; Financing cash flows from finance leases; FY2025", "period": "FY2025", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/history/3/financeLeasePrincipal", "value": 2283, "status": "verified", "sourceValue": 2283.0, "notes": "", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2025-06-30", "periodStart": "2024-07-01" } ] }, { "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Consolidated financial statements / lease note; Net cash from operations; FY2025; Consolidated financial statements / lease note; Additions to property and equipment; FY2025", "period": "FY2025", "currency": "USD", "units": "USD millions", "accountingBasis": "Calculated from verified original-source inputs", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/history/3/companyFcf", "value": 71611, "status": "calculated", "sourceValue": 71611.0, "notes": "companyFcf inputs {'ocf': 136162.0, 'capex': 64551.0}. 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CompanyFcf here confirms arithmetic; original company attribution separately reviewed.", "unit": "USD per closing common share", "currency": "USD", "accountingBasis": "Calculated from verified original-source inputs", "periodEnd": "2026-06-30" } ] }, { "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Balance sheet; Cash and cash equivalents; 30 June 2026", "period": "FY2026", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/history/4/cash", "value": 20935, "status": "verified", "sourceValue": 20935.0, "notes": "", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2026-06-30" } ] }, { "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Balance sheet; short-term debt + current long-term debt + noncurrent long-term debt", "period": "FY2026", "currency": "USD", "units": "USD millions", "accountingBasis": "Calculated from GAAP balances", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/history/4/debt", "value": 40294, "status": "calculated", "sourceValue": 40294.0, "notes": "Excludes lease liabilities", "unit": "USD millions", "currency": "USD", "accountingBasis": "Calculated from GAAP balances", "periodEnd": "2026-06-30" } ] }, { "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Consolidated financial statements / lease note; Net cash from operations; FY2026; Consolidated financial statements / lease note; Additions to property and equipment; FY2026", "period": "FY2026", "currency": "USD", "units": "USD millions", "accountingBasis": "Calculated from verified original-source inputs", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/history/4/companyFcf", "value": 66987, "status": "calculated", "sourceValue": 66987.0, "notes": "companyFcf inputs {'ocf': 182935.0, 'capex': 115948.0}. 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CompanyFcf here confirms arithmetic; original company attribution separately reviewed.", "unit": "USD millions", "currency": "USD", "accountingBasis": "Calculated from verified original-source inputs", "periodEnd": "2025-06-30", "periodStart": "2024-07-01" } ] }, { "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Consolidated financial statements / lease note; Net income; FY2025", "period": "FY2025", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/priorAnnual/netIncome", "value": 101832, "status": "verified", "sourceValue": 101832.0, "notes": "", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2025-06-30", "periodStart": "2024-07-01" } ] }, { "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Consolidated financial statements / lease note; 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additions to PP&E", "period": "FY2025", "currency": "USD", "units": "USD millions", "accountingBasis": "Reported operating metric", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/businessHistory/3/metrics/4/value", "value": 64551, "status": "verified", "sourceValue": 64551, "notes": "", "unit": "USD millions", "currency": "USD", "accountingBasis": "Reported operating metric", "periodEnd": "2025-06-30", "periodStart": "2024-07-01" } ] }, { "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/FY-2026-Q4/metrics", "locator": "FY26 metrics table; FY26 final column; MD&A Intelligent Cloud; Azure annual growth", "period": "FY2026", "currency": null, "units": "% YoY", "accountingBasis": "Reported operating metric", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/businessHistory/4/metrics/0/value", "value": 41, "status": "verified", "sourceValue": 41, "notes": "", "unit": "% YoY", "currency": null, "accountingBasis": "Reported operating metric", "periodEnd": "2026-06-30", "periodStart": "2025-07-01" } ] }, { "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/FY-2026-Q4/metrics", "locator": "FY26 metrics table; FY26 final column; MD&A Microsoft 365 Commercial cloud annual growth", "period": "FY2026", "currency": null, "units": "% YoY", "accountingBasis": "Reported operating metric", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/businessHistory/4/metrics/1/value", "value": 17, "status": "verified", "sourceValue": 17, "notes": "", "unit": "% YoY", "currency": null, "accountingBasis": "Reported operating metric", "periodEnd": "2026-06-30", "periodStart": "2025-07-01" } ] }, { "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/FY-2026-Q4/metrics", "locator": "FY26 metrics table; FY26 final column; Revenue note; Microsoft Cloud annual revenue", "period": "FY2026", "currency": "USD", "units": "USD millions", "accountingBasis": "Reported operating metric", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/businessHistory/4/metrics/2/value", "value": 214400, "status": "verified", "sourceValue": 214400, "notes": "", "unit": "USD millions", "currency": "USD", "accountingBasis": "Reported operating metric", "periodEnd": "2026-06-30", "periodStart": "2025-07-01" } ] }, { "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/FY-2026-Q4/metrics", "locator": "FY26 metrics table; FY26 final column; Unearned revenue note; commercial remaining performance obligation at 30 June", "period": "30 June 2026", "currency": "USD", "units": "USD millions", "accountingBasis": "Reported operating metric", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/businessHistory/4/metrics/3/value", "value": 678000, "status": "verified", "sourceValue": 678000, "notes": "", "unit": "USD millions", "currency": "USD", "accountingBasis": "Reported operating metric", "periodEnd": "2026-06-30" } ] }, { "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Full-year cash-flow statement PP&E additions", "period": "FY2026", "currency": "USD", "units": "USD millions", "accountingBasis": "Reported operating metric", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/businessHistory/4/metrics/4/value", "value": 115948, "status": "verified", "sourceValue": 115948, "notes": "", "unit": "USD millions", "currency": "USD", "accountingBasis": "Reported operating metric", "periodEnd": "2026-06-30", "periodStart": "2025-07-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP financing cash flow for finance leases", "statementStatus": "Original statement status retained; calculation where specified", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/ttm/financeLeasePrincipal", "value": 3101, "sourceValue": 3101, "reviewedSnapshotValue": null, "correctedOn": "2026-10-21", "status": "verified", "notes": "Same completed FY2026 is also the TTM snapshot; propagate reported finance-lease principal consistently to the card. Cash proxy stays before financing lease principal." } ] } ], "claims": [ { "file": "pershing-data.json", "pathOrText": "/holdings/@MSFT/economics", "claim": "Microsoft reports Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. Revenue includes software subscriptions, cloud consumption, licences, devices and advertising. Cash purchases of property and equipment are reported separately from finance-lease cash flows.", "verdict": "corrected", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "notes": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "originalClaim": "Software subscriptions and cloud usage create repeat revenue. Integrated workflows make switching costly. More compute usage can lift sales while data-centre spending absorbs cash. Watch Azure growth, cloud margins and capex returns." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@MSFT/note", "claim": "FY2025 ends in June 2025; FY2026 is already available. This comparison deliberately retains FY2025. The D&A-and-other cash-flow line is not treated as pure D&A.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Consolidated cash-flow statements, EPS/tax/equity notes and source definitions", "notes": "Financial measurement facts were checked: fiscal periods, capex/lease/software distinctions, source tax benefit or precise class share sums. Evaluative wording such as flatters is interpretation." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/0/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar22/", "locator": "Balance sheet; short-term debt + current long-term debt + noncurrent long-term debt", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/0/fieldNotes/financeLeasePrincipal", "claim": "Financing cash flows from finance leases, annual report lease note; separate from PP&E cash additions.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar22/", "locator": "Consolidated financial statements / lease note; Financing cash flows from finance leases; FY2022", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/1/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar24/index.html", "locator": "Balance sheet; short-term debt + current long-term debt + noncurrent long-term debt", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/1/fieldNotes/financeLeasePrincipal", "claim": "Financing cash flows from finance leases, annual report lease note; separate from PP&E cash additions.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar24/index.html", "locator": "Consolidated financial statements / lease note; Financing cash flows from finance leases; FY2023", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/2/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Balance sheet; short-term debt + current long-term debt + noncurrent long-term debt", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/2/fieldNotes/financeLeasePrincipal", "claim": "Financing cash flows from finance leases, annual report lease note; separate from PP&E cash additions.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Consolidated financial statements / lease note; Financing cash flows from finance leases; FY2024", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/3/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Balance sheet; short-term debt + current long-term debt + noncurrent long-term debt", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/3/fieldNotes/financeLeasePrincipal", "claim": "Financing cash flows from finance leases, annual report lease note; separate from PP&E cash additions.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Consolidated financial statements / lease note; Financing cash flows from finance leases; FY2025", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/4/fieldNotes/cash", "claim": "Cash and cash equivalents only; excludes55,908m short-term investments.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Balance sheet; Cash and cash equivalents; 30 June 2026", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/4/fieldNotes/debt", "claim": "Calculated9,227 current debt +31,067 long-term debt; exclude lease liabilities.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Balance sheet; short-term debt + current long-term debt + noncurrent long-term debt", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/4/fieldNotes/financeLeasePrincipal", "claim": "Financing cash flows from finance leases in the FY2026 annual lease note: $3,101m. Cash principal is separate from cash PP&E additions, lease interest and noncash right-of-use assets.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Financing cash flows from finance leases, annual report lease note; separate from PP&E cash additions." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/history/4/fieldNotes/netDebt", "claim": "Calculated40,294 debt−20,935 cash. Consistent cash-only definition; not net of marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Balance sheet; short-term debt + current long-term debt + noncurrent long-term debt; Balance sheet; Cash and cash equivalents; 30 June 2026", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/annual/fieldNotes/cash", "claim": "Cash and cash equivalents only; excludes55,908m short-term investments.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Balance sheet; Cash and cash equivalents; 30 June 2026", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/annual/fieldNotes/debt", "claim": "Calculated9,227 current debt +31,067 long-term debt; exclude lease liabilities.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Balance sheet; short-term debt + current long-term debt + noncurrent long-term debt", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/annual/fieldNotes/netDebt", "claim": "Calculated40,294 debt−20,935 cash. Consistent cash-only definition; not net of marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Balance sheet; short-term debt + current long-term debt + noncurrent long-term debt; Balance sheet; Cash and cash equivalents; 30 June 2026", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/priorAnnual/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Balance sheet; short-term debt + current long-term debt + noncurrent long-term debt", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/0/explanation/meaning", "claim": "Change in sales from Azure and other cloud services against the same quarter last year.", "verdict": "supported_definition", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/0/explanation/why", "claim": "Shows customer demand for the computing platform.", "verdict": "interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/0/explanation/watch", "claim": "Compare demand with cash investment and eventual profit; the prior-year growth rate is not repeated here.", "verdict": "interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/1/explanation/meaning", "claim": "Year-on-year growth in business cloud productivity subscriptions.", "verdict": "supported_definition", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/1/explanation/why", "claim": "Tracks a recurring source of customer revenue.", "verdict": "interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/1/explanation/watch", "claim": "Management says 16% after adjusting a two-point benefit in the prior-year comparison; keep the reported 14% visible.", "verdict": "interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/2/explanation/meaning", "claim": "Sales classified by Microsoft as Cloud during the quarter.", "verdict": "supported_definition", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/2/explanation/why", "claim": "Shows the size of the cloud engine.", "verdict": "interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/2/explanation/watch", "claim": "Company reports 27% YoY growth; sales and margins must justify infrastructure spending.", "verdict": "interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/3/explanation/meaning", "claim": "Contracted commercial revenue not yet recognised.", "verdict": "supported_definition", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/3/explanation/why", "claim": "Adds information about future demand beyond this quarter's sales.", "verdict": "interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/3/explanation/watch", "claim": "84% YoY growth is not immediate cash revenue; examine customer concentration, duration and conversion.", "verdict": "interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/4/explanation/meaning", "claim": "Cash spent on physical assets during each full year.", "verdict": "supported_definition", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/4/explanation/why", "claim": "Shows how much operating cash is reinvested.", "verdict": "interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/latestMetrics/4/explanation/watch", "claim": "FCF fell despite sales growth; finance leases and future commitments require separate assessment.", "verdict": "interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/cashAdjustments/0/note", "claim": "Excludes finance-lease principal and future construction/lease commitments; the release does not separately identify finance-lease principal.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/cashAdjustments/1/note", "claim": "Shown as an economic compensation cost; do not subtract it mechanically and also charge full dilution without a consistent method.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/limitations/0", "claim": "GAAP earnings include investment-related gains; the release separately reconciles the OpenAI investment impact. Treat neither GAAP nor adjusted growth as automatically recurring.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/limitations/1", "claim": "The cash-flow line 'depreciation, amortization and other' is not pure D&A; no EBITDA is inferred from it.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/limitations/2", "claim": "Cloud gross margin and finance lease principal were not separately extracted; left unavailable rather than estimated.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/limitations/3", "claim": "Five-year business histories use fiscal-year flows; user/backlog stocks retain year-end or Q4 periods. Null means no comparable annual observation, never zero. Current valuation quotes are not historical valuation multiples.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/0/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar22/", "locator": "MD&A Intelligent Cloud; Azure annual growth", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/0/metrics/1/note", "claim": "Not comparable: the current Microsoft365 Commercial cloud definition beganFY2025; earlier Office365 Commercial growth has narrower scope and is not substituted.", "verdict": "site_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Retained null observation", "notes": "Describes the documented comparability/extraction gap. This is not a reported zero or proof of non-disclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/0/metrics/2/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar23/", "locator": "Revenue note; Microsoft Cloud annual revenue; FY2022 comparative", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/0/metrics/3/note", "claim": "Commercial remaining performance obligations at fiscal year-end; stock, not annual revenue.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar22/", "locator": "Unearned revenue note; commercial remaining performance obligation at 30 June", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/0/metrics/4/note", "claim": "Cash PP&E additions from cashflow statement; finance leases excluded.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar22/", "locator": "Cash-flow statement; additions to PP&E", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/1/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar23/", "locator": "MD&A Intelligent Cloud; Azure annual growth", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/1/metrics/1/note", "claim": "Not comparable: the current Microsoft365 Commercial cloud definition beganFY2025; earlier Office365 Commercial growth has narrower scope and is not substituted.", "verdict": "site_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Retained null observation", "notes": "Describes the documented comparability/extraction gap. This is not a reported zero or proof of non-disclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/1/metrics/2/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar23/", "locator": "Revenue note; Microsoft Cloud annual revenue", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/1/metrics/3/note", "claim": "Commercial remaining performance obligations at fiscal year-end; stock, not annual revenue.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar23/", "locator": "Unearned revenue note; commercial remaining performance obligation at 30 June", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/1/metrics/4/note", "claim": "Cash PP&E additions from cashflow statement; finance leases excluded.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar23/", "locator": "Cash-flow statement; additions to PP&E", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/2/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar24/index.html", "locator": "MD&A Intelligent Cloud; Azure annual growth", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/2/metrics/1/note", "claim": "Not comparable: the current Microsoft365 Commercial cloud definition beganFY2025; earlier Office365 Commercial growth has narrower scope and is not substituted.", "verdict": "site_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Retained null observation", "notes": "Describes the documented comparability/extraction gap. This is not a reported zero or proof of non-disclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/2/metrics/2/note", "claim": "Annual Microsoft Cloud revenue restated inFY2025 report137.7bn; originally137.4bn. Definition changed; compare scope before inferring growth.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Revenue note; Microsoft Cloud annual revenue; FY2024 comparative recast in FY2025", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/2/metrics/3/note", "claim": "Commercial remaining performance obligations at fiscal year-end; stock, not annual revenue.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar24/index.html", "locator": "Unearned revenue note; commercial remaining performance obligation at 30 June", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/2/metrics/4/note", "claim": "Cash PP&E additions from cashflow statement; finance leases excluded.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar24/index.html", "locator": "Cash-flow statement; additions to PP&E", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/3/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "MD&A Intelligent Cloud; Azure annual growth", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/3/metrics/1/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "MD&A Microsoft 365 Commercial cloud annual growth", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/3/metrics/2/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Revenue note; Microsoft Cloud annual revenue", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/3/metrics/3/note", "claim": "Commercial remaining performance obligations at fiscal year-end; stock, not annual revenue.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Unearned revenue note; commercial remaining performance obligation at 30 June", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/3/metrics/4/note", "claim": "Cash PP&E additions from cashflow statement; finance leases excluded.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Cash-flow statement; additions to PP&E", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/4/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/FY-2026-Q4/metrics", "locator": "FY26 metrics table; FY26 final column; MD&A Intelligent Cloud; Azure annual growth", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/4/metrics/1/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/FY-2026-Q4/metrics", "locator": "FY26 metrics table; FY26 final column; MD&A Microsoft 365 Commercial cloud annual growth", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/4/metrics/2/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/FY-2026-Q4/metrics", "locator": "FY26 metrics table; FY26 final column; Revenue note; Microsoft Cloud annual revenue", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/4/metrics/3/note", "claim": "Commercial remaining performance obligations at fiscal year-end; stock, not annual revenue.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/FY-2026-Q4/metrics", "locator": "FY26 metrics table; FY26 final column; Unearned revenue note; commercial remaining performance obligation at 30 June", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@MSFT/businessHistory/4/metrics/4/note", "claim": "Cash PP&E additions from cashflow statement; finance leases excluded.", "verdict": "verified_methodology", "sourceUrl": "https://www.microsoft.com/en-us/investor/earnings/fy-2026-q4/press-release-webcast", "locator": "Full-year cash-flow statement PP&E additions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." } ], "corrections": [ { "file": "pershing-data.json", "path": "/holdings/@MSFT/economics", "oldValue": "Software subscriptions and cloud usage create repeat revenue. Integrated workflows make switching costly. More compute usage can lift sales while data-centre spending absorbs cash. Watch Azure growth, cloud margins and capex returns.", "newValue": "Microsoft reports Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. Revenue includes software subscriptions, cloud consumption, licences, devices and advertising. Cash purchases of property and equipment are reported separately from finance-lease cash flows.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/earlierAnnual/dilutedShares", "oldValue": null, "newValue": 7469, "reason": "Original annual report explicitly supplies the same-period diluted share count; duplicate snapshot should agree with the already populated annual history.", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Consolidated income statements; weighted-average shares outstanding, diluted; respective FY2024/FY2023 comparative column", "period": "FY2024 ended 2024-06-30", "currency": null, "units": "million diluted weighted-average shares", "accountingBasis": "US GAAP diluted weighted-average shares" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/additionalHistory/dilutedShares", "oldValue": null, "newValue": 7472, "reason": "Original annual report explicitly supplies the same-period diluted share count; duplicate snapshot should agree with the already populated annual history.", "sourceUrl": "https://www.microsoft.com/investor/reports/ar25/", "locator": "Consolidated income statements; weighted-average shares outstanding, diluted; respective FY2024/FY2023 comparative column", "period": "FY2023 ended 2023-06-30", "currency": null, "units": "million diluted weighted-average shares", "accountingBasis": "US GAAP diluted weighted-average shares" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/history/4/financeLeasePrincipal", "oldValue": null, "newValue": 3101, "reason": "Annual filing explicitly reports $3,101m financing cash flows from finance leases. This is cash principal, separate from $2,547m operating cash flows from finance leases and $24,608m noncash leased-asset additions.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP financing cash flow for finance leases" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/history/4/fieldSources/financeLeasePrincipal", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "location": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "US GAAP financing cash flow for finance leases", "propertyExisted": false }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/history/4/fieldNotes/financeLeasePrincipal", "oldValue": "Financing cash flows from finance leases, annual report lease note; separate from PP&E cash additions.", "newValue": "Financing cash flows from finance leases in the FY2026 annual lease note: $3,101m. Cash principal is separate from cash PP&E additions, lease interest and noncash right-of-use assets.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": null, "units": "text", "accountingBasis": "US GAAP financing cash flow for finance leases" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/annual/financeLeasePrincipal", "oldValue": null, "newValue": 3101, "reason": "Annual filing explicitly reports $3,101m financing cash flows from finance leases. This is cash principal, separate from $2,547m operating cash flows from finance leases and $24,608m noncash leased-asset additions.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP financing cash flow for finance leases" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/annual/fieldSources/financeLeasePrincipal", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "location": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "US GAAP financing cash flow for finance leases", "propertyExisted": false }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/annual/fieldNotes/financeLeasePrincipal", "oldValue": null, "newValue": "Financing cash flows from finance leases in the FY2026 annual lease note: $3,101m. Cash principal is separate from cash PP&E additions, lease interest and noncash right-of-use assets.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": null, "units": "text", "accountingBasis": "US GAAP financing cash flow for finance leases", "propertyExisted": false } ], "unresolved": [ "companyFcf history values equal the calculated OCF-minus-PP&E proxy. Arithmetic is verified; this audit does not establish Microsoft itself names/reports this as company FCF. The chart label now identifies this as a calculation.", "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. The holdings business description has been replaced with filing-based wording; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@MSFT/latestMetrics/0/prior, /companies/@MSFT/latestMetrics/1/prior, /companies/@MSFT/latestMetrics/2/prior, /companies/@MSFT/latestMetrics/3/prior, /companies/@MSFT/businessHistory/0/metrics/1/value, /companies/@MSFT/businessHistory/1/metrics/1/value, /companies/@MSFT/businessHistory/2/metrics/1/value" ], "batch": "network-holdings", "name": "Microsoft", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "Fresh original-source value audit: verified=144, calculated=37, mismatch=4, not_verified=7. Non-null unverified values=0. 4 numeric null/missing-field backfills proposed from explicit source observations or labelled calculations; no confirmed wrong existing non-null number. Prose interpretations remain separately identified, with a factual holdings-business description replacement proposed.", "originalUnresolved": [ "companyFcf history values equal the calculated OCF-minus-PP&E proxy. Arithmetic is verified; this audit does not establish Microsoft itself names/reports this as company FCF. Avoid presenting the site calculation as an additional reported measure.", "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. Six holdings economics replacement texts provided; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@MSFT/latestMetrics/0/prior, /companies/@MSFT/latestMetrics/1/prior, /companies/@MSFT/latestMetrics/2/prior, /companies/@MSFT/latestMetrics/3/prior, /companies/@MSFT/businessHistory/0/metrics/1/value, /companies/@MSFT/businessHistory/1/metrics/1/value, /companies/@MSFT/businessHistory/2/metrics/1/value" ], "correctionsApplied": 10, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 149, "calculated": 37, "not_verified": 7 }, "sourceCount": 7 }, { "id": "amzn", "status": "partial", "periodsReviewed": [ "FY2021", "FY2022", "FY2023", "FY2024", "FY2025", "Six months ended 30 June 2025/2026" ], "summary": "Completed source review: 158 source checks, 62 arithmetic checks, 1 unverified checks. 1 dated field or wording changes applied. 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Amazon prior figures already restated for2022 split; do not multiply again.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872423000004/amzn-20221231.htm", "locator": "us-gaap:CommonStockSharesOutstanding; context i720e2ad1c79c496d8fd6895d31965011_I20211231; 2021-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/0/fieldNotes/bookValuePS", "claim": "Calculated: common equity / reported closing common shares, using issuer precision.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:StockholdersEquity; context c-5; 2021-12-31; us-gaap:CommonStockSharesOutstanding; context i720e2ad1c79c496d8fd6895d31965011_I20211231; 2021-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/1/fieldNotes/debt", "claim": "Long-term debt carrying value including current portion; excludes short-term borrowing facilities and lease liabilities. Cash is cash and equivalents only; not total liquid investments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2022-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/1/fieldNotes/periodEndShares", "claim": "Reported outstanding common shares at31December, excludes treasury stock and unvested awards. Amazon prior figures already restated for2022 split; do not multiply again.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:CommonStockSharesOutstanding; context c-6; 2022-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/1/fieldNotes/bookValuePS", "claim": "Calculated: common equity / reported closing common shares, using issuer precision.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:StockholdersEquity; context c-5; 2022-12-31; us-gaap:CommonStockSharesOutstanding; context c-6; 2022-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/2/fieldNotes/debt", "claim": "Long-term debt carrying value including current portion; excludes short-term borrowing facilities and lease liabilities. Cash is cash and equivalents only; not total liquid investments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2023-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/2/fieldNotes/periodEndShares", "claim": "Reported outstanding common shares at31December, excludes treasury stock and unvested awards. Amazon prior figures already restated for2022 split; do not multiply again.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:CommonStockSharesOutstanding; context c-9; 2023-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/2/fieldNotes/bookValuePS", "claim": "Calculated: common equity / reported closing common shares, using issuer precision.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:StockholdersEquity; context c-6; 2023-12-31; us-gaap:CommonStockSharesOutstanding; context c-9; 2023-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/3/fieldNotes/debt", "claim": "Long-term debt carrying value including current portion; excludes short-term borrowing facilities and lease liabilities. Cash is cash and equivalents only; not total liquid investments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/3/fieldNotes/periodEndShares", "claim": "Reported outstanding common shares at31December, excludes treasury stock and unvested awards. Amazon prior figures already restated for2022 split; do not multiply again.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:CommonStockSharesOutstanding; context c-7; 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/3/fieldNotes/bookValuePS", "claim": "Calculated: common equity / reported closing common shares, using issuer precision.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm", "locator": "us-gaap:StockholdersEquity; context c-14; 2024-12-31; us-gaap:CommonStockSharesOutstanding; context c-7; 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/4/fieldNotes/debt", "claim": "Long-term debt carrying value including current portion; excludes short-term borrowing facilities and lease liabilities. Cash is cash and equivalents only; not total liquid investments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2025-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/4/fieldNotes/periodEndShares", "claim": "Reported outstanding common shares at31December, excludes treasury stock and unvested awards. Amazon prior figures already restated for2022 split; do not multiply again.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm", "locator": "us-gaap:CommonStockSharesOutstanding; context c-15; 2025-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/history/4/fieldNotes/bookValuePS", "claim": "Calculated: common equity / reported closing common shares, using issuer precision.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm", "locator": "us-gaap:StockholdersEquity; context c-15; 2025-12-31; us-gaap:CommonStockSharesOutstanding; context c-15; 2025-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/annual/fieldNotes/periodEndShares", "claim": "Reported outstanding common shares at31December, excludes treasury stock and unvested awards. Amazon prior figures already restated for2022 split; do not multiply again.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm", "locator": "us-gaap:CommonStockSharesOutstanding; context c-15; 2025-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/annual/fieldNotes/bookValuePS", "claim": "Calculated: common equity / reported closing common shares, using issuer precision.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm", "locator": "us-gaap:StockholdersEquity; context c-15; 2025-12-31; us-gaap:CommonStockSharesOutstanding; context c-15; 2025-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/annual/fieldNotes/debt", "claim": "Long-term debt carrying value including current portion; excludes short-term borrowing facilities and lease liabilities. Cash is cash and equivalents only; not total liquid investments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2025-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/priorAnnual/fieldNotes/periodEndShares", "claim": "Reported outstanding common shares at31December, excludes treasury stock and unvested awards. Amazon prior figures already restated for2022 split; do not multiply again.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:CommonStockSharesOutstanding; context c-7; 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/priorAnnual/fieldNotes/bookValuePS", "claim": "Calculated: common equity / reported closing common shares, using issuer precision.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm", "locator": "us-gaap:StockholdersEquity; context c-14; 2024-12-31; us-gaap:CommonStockSharesOutstanding; context c-7; 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/priorAnnual/fieldNotes/debt", "claim": "Long-term debt carrying value including current portion; excludes short-term borrowing facilities and lease liabilities. Cash is cash and equivalents only; not total liquid investments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/0/explanation/meaning", "claim": "Revenue from cloud computing services.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/0/explanation/why", "claim": "A major source of group operating profit.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/0/explanation/watch", "claim": "Demand growth must eventually cover data-centre investment and depreciation.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/1/explanation/meaning", "claim": "AWS operating profit per dollar of AWS sales.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/1/explanation/why", "claim": "Shows how much revenue remains after operating costs.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/1/explanation/watch", "claim": "Depreciation estimates and utilisation affect margins; cash capex is a separate demand on cash.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/2/explanation/meaning", "claim": "Regional operating profit divided by sales.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/2/explanation/why", "claim": "Tests retail and service economics as delivery density grows.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/2/explanation/watch", "claim": "Includes multiple revenue streams; it is not a pure retail-store margin.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/3/explanation/meaning", "claim": "Sales from advertising services.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/3/explanation/why", "claim": "Shows monetisation of shopping traffic.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/3/explanation/watch", "claim": "Watch advertiser returns and shopper experience alongside revenue growth.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/4/explanation/meaning", "claim": "Cash paid for physical assets before sale proceeds or incentives.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/4/explanation/why", "claim": "Makes the investment burden visible.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/latestMetrics/4/explanation/watch", "claim": "The resulting TTM FCF proxy is negative; judging value requires future returns on this investment.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/cashAdjustments/0/note", "claim": "Company FCF adds PP&E sale proceeds and incentives; our gross-capex proxy is -11625. Neither deducts finance-lease principal of1599.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/cashAdjustments/1/note", "claim": "Q2 total non-operating income is 53396; GAAP P/E is heavily affected by investment gains and should not be read as a recurring earnings multiple.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/limitations/0", "claim": "No positive P/FCF should be shown for the negative gross-capex TTM FCF proxy.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/limitations/1", "claim": "Operating leases, finance lease additions and future commitments mean gross cash capex is not total infrastructure investment.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/limitations/2", "claim": "TTM EPS12.44 is company-reported in the supplemental table; TTM weighted-average shares are left null.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/limitations/3", "claim": "Five-year business histories use fiscal-year flows; user/backlog stocks retain year-end or Q4 periods. Null means no comparable annual observation, never zero. Current valuation quotes are not historical valuation multiples.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/0/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-267', 'dims': ['amzn:AmazonWebServicesSegmentMember'], 'startdate': '2021-01-01', 'enddate': '2021-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/0/metrics/1/note", "claim": "Calculated from annual segment operating income divided by annual segment net sales ×100; not average quarterly margins.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-267', 'dims': ['amzn:AmazonWebServicesSegmentMember'], 'startdate': '2021-01-01', 'enddate': '2021-12-31'}; operating income 18532.0", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/0/metrics/2/note", "claim": "Calculated from annual segment operating income divided by annual segment net sales ×100; not average quarterly margins.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-265', 'dims': ['amzn:NorthAmericaSegmentMember'], 'startdate': '2021-01-01', 'enddate': '2021-12-31'}; operating income 7271.0", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/0/metrics/3/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-277', 'dims': ['us-gaap:AdvertisingMember'], 'startdate': '2021-01-01', 'enddate': '2021-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/0/metrics/4/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:PaymentsToAcquireProductiveAssets; context c-7; 2021-01-01 to 2021-12-31", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/1/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-129', 'dims': ['amzn:AmazonWebServicesSegmentMember'], 'startdate': '2022-01-01', 'enddate': '2022-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/1/metrics/1/note", "claim": "Calculated from annual segment operating income divided by annual segment net sales ×100; not average quarterly margins.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-129', 'dims': ['amzn:AmazonWebServicesSegmentMember'], 'startdate': '2022-01-01', 'enddate': '2022-12-31'}; operating income 22841.0", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/1/metrics/2/note", "claim": "Calculated from annual segment operating income divided by annual segment net sales ×100; not average quarterly margins.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-127', 'dims': ['amzn:NorthAmericaSegmentMember'], 'startdate': '2022-01-01', 'enddate': '2022-12-31'}; operating income -2847.0", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/1/metrics/3/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-278', 'dims': ['us-gaap:AdvertisingMember'], 'startdate': '2022-01-01', 'enddate': '2022-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/1/metrics/4/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm", "locator": "us-gaap:PaymentsToAcquireProductiveAssets; context c-8; 2022-01-01 to 2022-12-31", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/2/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-282', 'dims': ['amzn:AmazonWebServicesSegmentMember'], 'startdate': '2023-01-01', 'enddate': '2023-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/2/metrics/1/note", "claim": "Calculated from annual segment operating income divided by annual segment net sales ×100; not average quarterly margins.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-282', 'dims': ['amzn:AmazonWebServicesSegmentMember'], 'startdate': '2023-01-01', 'enddate': '2023-12-31'}; operating income 24631.0", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/2/metrics/2/note", "claim": "Calculated from annual segment operating income divided by annual segment net sales ×100; not average quarterly margins.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-280', 'dims': ['amzn:NorthAmericaSegmentMember'], 'startdate': '2023-01-01', 'enddate': '2023-12-31'}; operating income 14877.0", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/2/metrics/3/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-292', 'dims': ['us-gaap:AdvertisingMember'], 'startdate': '2023-01-01', 'enddate': '2023-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/2/metrics/4/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:PaymentsToAcquireProductiveAssets; context c-8; 2023-01-01 to 2023-12-31", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/3/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-135', 'dims': ['amzn:AmazonWebServicesSegmentMember'], 'startdate': '2024-01-01', 'enddate': '2024-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/3/metrics/1/note", "claim": "Calculated from annual segment operating income divided by annual segment net sales ×100; not average quarterly margins.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-135', 'dims': ['amzn:AmazonWebServicesSegmentMember'], 'startdate': '2024-01-01', 'enddate': '2024-12-31'}; operating income 39834.0", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/3/metrics/2/note", "claim": "Calculated from annual segment operating income divided by annual segment net sales ×100; not average quarterly margins.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-133', 'dims': ['amzn:NorthAmericaSegmentMember'], 'startdate': '2024-01-01', 'enddate': '2024-12-31'}; operating income 24967.0", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/3/metrics/3/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-293', 'dims': ['us-gaap:AdvertisingMember'], 'startdate': '2024-01-01', 'enddate': '2024-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/3/metrics/4/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:PaymentsToAcquireProductiveAssets; context c-4; 2024-01-01 to 2024-12-31", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/4/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-141', 'dims': ['amzn:AmazonWebServicesSegmentMember'], 'startdate': '2025-01-01', 'enddate': '2025-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/4/metrics/1/note", "claim": "Calculated from annual segment operating income divided by annual segment net sales ×100; not average quarterly margins.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-141', 'dims': ['amzn:AmazonWebServicesSegmentMember'], 'startdate': '2025-01-01', 'enddate': '2025-12-31'}; operating income 45606.0", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/4/metrics/2/note", "claim": "Calculated from annual segment operating income divided by annual segment net sales ×100; not average quarterly margins.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-139', 'dims': ['amzn:NorthAmericaSegmentMember'], 'startdate': '2025-01-01', 'enddate': '2025-12-31'}; operating income 29619.0", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/4/metrics/3/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-294', 'dims': ['us-gaap:AdvertisingMember'], 'startdate': '2025-01-01', 'enddate': '2025-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@AMZN/businessHistory/4/metrics/4/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "us-gaap:PaymentsToAcquireProductiveAssets; context c-1; 2025-01-01 to 2025-12-31", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." } ], "corrections": [ { "file": "pershing-data.json", "path": "/holdings/@AMZN/economics", "oldValue": "Retail brings shoppers; seller services, advertising, subscriptions and AWS monetise the network. Delivery density helps unit costs. Infrastructure spending can outrun near-term cash earnings. Watch AWS margins, retail profitability, advertising and returns on capex.", "newValue": "Amazon reports North America, International and AWS segments. Revenue includes product sales, third-party seller services, advertising, subscriptions and cloud services. Its disclosed free cash flow deducts property and equipment purchases net of sales proceeds and incentives; finance-lease principal is separate.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" } ], "unresolved": [ "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. The holdings business description has been replaced with filing-based wording; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@AMZN/ttm/dilutedShares" ], "batch": "network-holdings", "name": "Amazon", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "Fresh original-source value audit: verified=158, calculated=62, not_verified=1. Non-null unverified values=0. 0 numeric null/missing-field backfills proposed from explicit source observations or labelled calculations; no confirmed wrong existing non-null number. Prose interpretations remain separately identified, with a factual holdings-business description replacement proposed.", "originalUnresolved": [ "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. Six holdings economics replacement texts provided; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@AMZN/ttm/dilutedShares" ], "correctionsApplied": 1, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 158, "calculated": 62, "not_verified": 1 }, "sourceCount": 5 }, { "id": "uber", "status": "partial", "periodsReviewed": [ "FY2021", "FY2022", "FY2023", "FY2024", "FY2025", "Six months ended 30 June 2025/2026" ], "summary": "Completed source review: 156 source checks, 46 arithmetic checks, 9 unverified checks. 1 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "us-gaap:Revenues; context c-6; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@UBER/history/0/revenue", "value": 17455, "status": "verified", "sourceValue": 17455.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-6; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@UBER/history/0/ocf", "value": -445, "status": "verified", "sourceValue": -445.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-6; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@UBER/history/0/capex", "value": 298, "status": "verified", "sourceValue": 298.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "us-gaap:NetIncomeLoss; context c-6; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-tech-upgrade.json", "path": "/companies/@UBER/history/0/netIncome", "value": -496, "status": "verified", "sourceValue": -496.0, "notes": "Currency USD; 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Calculated operating EBITDA differs from company adjusted EBITDA.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Consolidated cash-flow statements, EPS/tax/equity notes and source definitions", "notes": "Financial measurement facts were checked: fiscal periods, capex/lease/software distinctions, source tax benefit or precise class share sums. Evaluative wording such as flatters is interpretation." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/history/0/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315123000010/uber-20221231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2021-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/history/0/fieldNotes/periodEndShares", "claim": "Reported common shares outstanding at31December, not weighted-average diluted shares. Original Uber financial statements use thousands; converted to millions.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315123000010/uber-20221231.htm", "locator": "us-gaap:CommonStockSharesOutstanding; context i58c8d5344b7046959f6c673bf2010b70_I20211231; 2021-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/history/0/fieldNotes/bookValuePS", "claim": "Calculated: common equity / reported closing common shares, using issuer precision.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315123000010/uber-20221231.htm", "locator": "us-gaap:StockholdersEquity; context i58c8d5344b7046959f6c673bf2010b70_I20211231; 2021-12-31; us-gaap:CommonStockSharesOutstanding; context i58c8d5344b7046959f6c673bf2010b70_I20211231; 2021-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/history/1/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2022-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/history/1/fieldNotes/periodEndShares", "claim": "Reported common shares outstanding at31December, not weighted-average diluted shares. Original Uber financial statements use thousands; converted to millions.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "us-gaap:CommonStockSharesOutstanding; context c-4; 2022-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/history/1/fieldNotes/bookValuePS", "claim": "Calculated: common equity / reported closing common shares, using issuer precision.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "us-gaap:StockholdersEquity; context c-4; 2022-12-31; us-gaap:CommonStockSharesOutstanding; context c-4; 2022-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/history/2/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2023-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/history/3/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/history/4/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2025-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/annual/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2025-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/priorAnnual/fieldNotes/debt", "claim": "Carrying value of borrowings including current portion; excludes operating and finance lease liabilities. Cash excludes marketable securities.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/0/explanation/meaning", "claim": "Completed consumer rides and delivery orders counted under Uber's definition.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/0/explanation/why", "claim": "Shows actual platform use.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/0/explanation/watch", "claim": "Compare with profit and incentives; buying growth through subsidies can reduce value.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/1/explanation/meaning", "claim": "Average monthly unique consumers completing a ride or delivery.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/1/explanation/why", "claim": "Measures reach of the network.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/1/explanation/watch", "claim": "Consumer growth and trip frequency together explain usage growth.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/2/explanation/meaning", "claim": "Value of rides and orders under Uber's definition before driver and merchant earnings and incentives.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/2/explanation/why", "claim": "Measures the economic activity moving through the platform.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/2/explanation/watch", "claim": "This is not Uber revenue; business-model changes complicate take-rate comparisons.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/3/explanation/meaning", "claim": "Profit after operating costs, before investment returns and tax.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/3/explanation/why", "claim": "A cleaner operating checkpoint than investment-sensitive net income.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/3/explanation/watch", "claim": "Assess claims reserves, incentives and new autonomous-vehicle capital commitments.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/4/explanation/meaning", "claim": "Management operating profit excluding stated adjustments.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/4/explanation/why", "claim": "Allows comparison with management's view of operations.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/latestMetrics/4/explanation/watch", "claim": "Reconcile to GAAP; exclusions such as legal settlements can still consume cash.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/cashAdjustments/0/note", "claim": "Not deducted by the OCF-minus-PP&E proxy.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/cashAdjustments/1/note", "claim": "Pre-tax securities gain flatters Q2 net income; FY2025 also contains a large tax-valuation benefit.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/cashAdjustments/2/note", "claim": "Increase in accrued insurance reserves contributes to operating cash flow; compare with claims development rather than treating it all as distributable cash.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/limitations/0", "claim": "FY2025 GAAP EPS is inflated by a large tax benefit; TTM monetary net income retains that effect.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/limitations/1", "claim": "Diluted EPS numerator includes adjustments for Freight contingently issuable shares; net income divided by diluted shares is not exactly reported EPS.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/limitations/2", "claim": "Revenue growth Q22026 was reduced by eight percentage points by business model changes. Bookings/revenue is not a stable measure of pricing.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/limitations/3", "claim": "Five-year business histories use fiscal-year flows; user/backlog stocks retain year-end or Q4 periods. Null means no comparable annual observation, never zero. Current valuation quotes are not historical valuation multiples.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/0/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315123000010/uber-20221231.htm", "locator": "Key metrics table; Trips; FY2021 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/0/metrics/1/note", "claim": "Average monthly active consumers in Q4, as specified by Uber for annual reporting; not sum of monthly users.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315123000010/uber-20221231.htm", "locator": "Key metrics table; Monthly Active Platform Consumers; FY2021 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/0/metrics/2/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315123000010/uber-20221231.htm", "locator": "Key metrics table; Gross Bookings; FY2021 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/0/metrics/3/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "us-gaap:OperatingIncomeLoss; context c-6; 2021-01-01 to 2021-12-31", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/0/metrics/4/note", "claim": "Non-GAAP operating income under the current scorecard definition is not extracted on a comparable annual basis; adjusted EBITDA is not substituted.", "verdict": "site_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Retained null observation", "notes": "Describes the documented comparability/extraction gap. This is not a reported zero or proof of non-disclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/1/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315123000010/uber-20221231.htm", "locator": "Key metrics table; Trips; FY2022 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/1/metrics/1/note", "claim": "Average monthly active consumers in Q4, as specified by Uber for annual reporting; not sum of monthly users.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315123000010/uber-20221231.htm", "locator": "Key metrics table; Monthly Active Platform Consumers; FY2022 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/1/metrics/2/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315123000010/uber-20221231.htm", "locator": "Key metrics table; Gross Bookings; FY2022 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/1/metrics/3/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "us-gaap:OperatingIncomeLoss; context c-7; 2022-01-01 to 2022-12-31", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/1/metrics/4/note", "claim": "Non-GAAP operating income under the current scorecard definition is not extracted on a comparable annual basis; adjusted EBITDA is not substituted.", "verdict": "site_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Retained null observation", "notes": "Describes the documented comparability/extraction gap. This is not a reported zero or proof of non-disclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/2/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "Key metrics table; Trips; FY2023 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/2/metrics/1/note", "claim": "Average monthly active consumers in Q4, as specified by Uber for annual reporting; not sum of monthly users.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "Key metrics table; Monthly Active Platform Consumers; FY2023 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/2/metrics/2/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315124000012/uber-20231231.htm", "locator": "Key metrics table; Gross Bookings; FY2023 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/2/metrics/3/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "us-gaap:OperatingIncomeLoss; context c-6; 2023-01-01 to 2023-12-31", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/2/metrics/4/note", "claim": "Non-GAAP operating income under the current scorecard definition is not extracted on a comparable annual basis; adjusted EBITDA is not substituted.", "verdict": "site_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Retained null observation", "notes": "Describes the documented comparability/extraction gap. This is not a reported zero or proof of non-disclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/3/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Key metrics table; Trips; FY2024 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/3/metrics/1/note", "claim": "Average monthly active consumers in Q4, as specified by Uber for annual reporting; not sum of monthly users.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Key metrics table; Monthly Active Platform Consumers; FY2024 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/3/metrics/2/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Key metrics table; Gross Bookings; FY2024 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/3/metrics/3/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "us-gaap:OperatingIncomeLoss; context c-7; 2024-01-01 to 2024-12-31", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/3/metrics/4/note", "claim": "Non-GAAP operating income under the current scorecard definition is not extracted on a comparable annual basis; adjusted EBITDA is not substituted.", "verdict": "site_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Retained null observation", "notes": "Describes the documented comparability/extraction gap. This is not a reported zero or proof of non-disclosure." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/4/metrics/0/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Key metrics table; Trips; FY2025 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/4/metrics/1/note", "claim": "Average monthly active consumers in Q4, as specified by Uber for annual reporting; not sum of monthly users.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Key metrics table; Monthly Active Platform Consumers; FY2025 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/4/metrics/2/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Key metrics table; Gross Bookings; FY2025 column (MAPCs Q4 average)", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/4/metrics/3/note", "claim": "Annual metric; separate from the latest quarterly scorecard comparison.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "us-gaap:OperatingIncomeLoss; context c-1; 2025-01-01 to 2025-12-31", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-tech-upgrade.json", "pathOrText": "/companies/@UBER/businessHistory/4/metrics/4/note", "claim": "Non-GAAP operating income under the current scorecard definition is not extracted on a comparable annual basis; adjusted EBITDA is not substituted.", "verdict": "site_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Retained null observation", "notes": "Describes the documented comparability/extraction gap. This is not a reported zero or proof of non-disclosure." } ], "corrections": [ { "file": "pershing-data.json", "path": "/holdings/@UBER/economics", "oldValue": "Platform fees connect riders, drivers, couriers, restaurants and customers. Local network density improves availability and utilisation. Autonomous vehicles could increase trips but change bargaining power. Watch trips, bookings, incentives, take rates and operating profit.", "newValue": "Uber reports Mobility, Delivery and Freight segments. Its platforms connect consumers with drivers, couriers and merchants, and shippers with carriers. Gross Bookings measures transaction value and differs from recognised revenue. Reported net income also includes investment gains or losses and income taxes.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" } ], "unresolved": [ "Non-null numbers still not verified: /companies/@UBER/history/0/buybacksCash, /companies/@UBER/history/1/buybacksCash", "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. The holdings business description has been replaced with filing-based wording; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@UBER/ttm/dilutedShares, /companies/@UBER/ttm/eps, /companies/@UBER/businessHistory/0/metrics/4/value, /companies/@UBER/businessHistory/1/metrics/4/value, /companies/@UBER/businessHistory/2/metrics/4/value, /companies/@UBER/businessHistory/3/metrics/4/value, /companies/@UBER/businessHistory/4/metrics/4/value" ], "batch": "network-holdings", "name": "Uber Technologies", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "Fresh original-source value audit: verified=156, calculated=46, not_verified=9. Non-null unverified values=2. 0 numeric null/missing-field backfills proposed from explicit source observations or labelled calculations; no confirmed wrong existing non-null number. Prose interpretations remain separately identified, with a factual holdings-business description replacement proposed.", "originalUnresolved": [ "Non-null numbers still not verified: /companies/@UBER/history/0/buybacksCash, /companies/@UBER/history/1/buybacksCash", "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. Six holdings economics replacement texts provided; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@UBER/ttm/dilutedShares, /companies/@UBER/ttm/eps, /companies/@UBER/businessHistory/0/metrics/4/value, /companies/@UBER/businessHistory/1/metrics/4/value, /companies/@UBER/businessHistory/2/metrics/4/value, /companies/@UBER/businessHistory/3/metrics/4/value, /companies/@UBER/businessHistory/4/metrics/4/value" ], "correctionsApplied": 1, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 156, "calculated": 46, "not_verified": 9 }, "sourceCount": 5 }, { "id": "v", "status": "partial", "periodsReviewed": [ "FY2021 ended 30 September", "FY2022 ended 30 September", "FY2023 ended 30 September", "FY2024 ended 30 September", "FY2025 ended 30 September", "Nine months ended 30 June 2025/2026" ], "summary": "Completed source review: 134 source checks, 33 arithmetic checks, 13 unverified checks. 36 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context c-31; 2020-10-01 to 2021-09-30", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/revenue", "value": 24105, "status": "verified", "sourceValue": 24105.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-09-30", "periodStart": "2020-10-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-31; 2020-10-01 to 2021-09-30", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/ocf", "value": 15227, "status": "verified", "sourceValue": 15227.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-09-30", "periodStart": "2020-10-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:PaymentsToAcquireProductiveAssets; context c-31; 2020-10-01 to 2021-09-30", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/capex", "value": 705, "status": "verified", "sourceValue": 705.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-09-30", "periodStart": "2020-10-01" } ] }, { "sourceUrl": null, "locator": "No verified source locator", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "Unverified", "statementStatus": "Not source verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/software", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Not a missing zero: Visa cash-flow statements combine purchases of property, equipment and technology. No separate cash software component on the same basis was identified; leave null and do not deduct software a second time from the combined capex figure.", "unit": "USD millions", "currency": "USD", "accountingBasis": "Unverified", "periodEnd": "2021-09-30", "periodStart": "2020-10-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:NetIncomeLoss; context c-31; 2020-10-01 to 2021-09-30", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/netIncome", "value": 12311, "status": "verified", "sourceValue": 12311.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-09-30", "periodStart": "2020-10-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:OperatingIncomeLoss; context c-31; 2020-10-01 to 2021-09-30", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/operatingIncome", "value": 15804, "status": "verified", "sourceValue": 15804.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-09-30", "periodStart": "2020-10-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:ShareBasedCompensation; context c-31; 2020-10-01 to 2021-09-30", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/sbc", "value": 542, "status": "verified", "sourceValue": 542.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-09-30", "periodStart": "2020-10-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context c-33; 2020-10-01 to 2021-09-30", "period": "FY2021", "currency": null, "units": "million diluted weighted-average Class A-equivalent shares", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/dilutedShares", "value": 2188, "status": "verified", "sourceValue": 2188.0, "notes": "Currency USD; 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No separate cash software component on the same basis was identified; leave null and do not deduct software a second time from the combined capex figure.", "unit": "USD millions", "currency": "USD", "accountingBasis": "Unverified", "periodStart": "2025-07-01", "periodEnd": "2026-06-30" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "us-gaap:NetIncomeLoss; context c-1; 2024-10-01 to 2025-09-30; us-gaap:NetIncomeLoss; context c-1; 2025-10-01 to 2026-06-30; us-gaap:NetIncomeLoss; context c-26; 2024-10-01 to 2025-06-30", "period": "TTM ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "Calculated TTM from verified annual and YTD statements", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/netIncome", "value": 22592, "status": "calculated", "sourceValue": 22592.0, "notes": "FY2025 + current YTD2026 - same YTD2025; no interim annualisation.", "unit": "USD millions", "currency": "USD", "accountingBasis": "Calculated TTM from verified annual and YTD statements", "periodStart": "2025-07-01", "periodEnd": "2026-06-30" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "us-gaap:ShareBasedCompensation; context c-1; 2024-10-01 to 2025-09-30; us-gaap:ShareBasedCompensation; context c-1; 2025-10-01 to 2026-06-30; us-gaap:ShareBasedCompensation; context c-26; 2024-10-01 to 2025-06-30", "period": "TTM ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "Calculated TTM from verified annual and YTD statements", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/sbc", "value": 919, "status": "calculated", "sourceValue": 919.0, "notes": "FY2025 + current YTD2026 - same YTD2025; no interim annualisation.", "unit": "USD millions", "currency": "USD", "accountingBasis": "Calculated TTM from verified annual and YTD statements", "periodStart": "2025-07-01", "periodEnd": "2026-06-30" } ] }, { "sourceUrl": null, "locator": "No verified source locator", "period": "TTM ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "Unverified", "statementStatus": "Not source verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/leasePrincipal", "value": null, "status": "not_verified", "sourceValue": null, "notes": "No separately identified cash finance-lease principal amount on a comparable annual/YTD basis was extracted from the inspected original statements. Do not substitute operating-lease cash payments or noncash leased-asset additions; retain null, not zero.", "unit": "USD millions", "currency": "USD", "accountingBasis": "Unverified", "periodStart": "2025-07-01", "periodEnd": "2026-06-30" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "us-gaap:OperatingIncomeLoss; context c-1; 2024-10-01 to 2025-09-30; us-gaap:OperatingIncomeLoss; context c-1; 2025-10-01 to 2026-06-30; us-gaap:OperatingIncomeLoss; context c-26; 2024-10-01 to 2025-06-30", "period": "TTM ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "Calculated TTM from verified annual and YTD statements", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/operatingIncome", "value": 26996, "status": "calculated", "sourceValue": 26996.0, "notes": "FY2025 + current YTD2026 - same YTD2025; no interim annualisation.", "unit": "USD millions", "currency": "USD", "accountingBasis": "Calculated TTM from verified annual and YTD statements", "periodStart": "2025-07-01", "periodEnd": "2026-06-30" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock", "period": "Closing balance at 2026-06-30", "currency": null, "units": "million closing Class A-equivalent shares, including preferred equivalents", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred equivalents", "statementStatus": "Unaudited interim statement", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/endShares", "value": 1880, "status": "verified", "sourceValue": 1880, "notes": "Source reports the total as-converted Class A-equivalent shares including preferred stock equivalents, rounded to nearest million; not legal-class shares summed. 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payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "period": "FY2024 ended30 September", "currency": null, "units": "billion processed transactions", "accountingBasis": "Reported operating metric", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/businessHistory/3/metrics/2/value", "value": 233.8, "status": "verified", "sourceValue": 233.8, "notes": "", "unit": "billion processed transactions", "currency": null, "accountingBasis": "Reported operating metric", "periodEnd": "2024-09-30", "periodStart": "2023-10-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316124000053/q42024earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "period": "FY2024 ended30 September", "currency": null, "units": "million diluted Class A-equivalent shares", "accountingBasis": "US GAAP diluted shares", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/businessHistory/3/metrics/3/value", "value": 2029, "status": "verified", "sourceValue": 2029, "notes": "", "unit": "million diluted Class A-equivalent shares", "currency": null, "accountingBasis": "US GAAP diluted shares", "periodEnd": "2024-09-30", "periodStart": "2023-10-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000077/q42025earningsrelease.htm", "locator": "Full fiscal-year results / income statement; 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payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "period": "FY2025 ended30 September", "currency": null, "units": "billion processed transactions", "accountingBasis": "Reported operating metric", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/businessHistory/4/metrics/2/value", "value": 257.5, "status": "verified", "sourceValue": 257.5, "notes": "", "unit": "billion processed transactions", "currency": null, "accountingBasis": "Reported operating metric", "periodEnd": "2025-09-30", "periodStart": "2024-10-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000077/q42025earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "period": "FY2025 ended30 September", "currency": null, "units": "million diluted Class A-equivalent shares", "accountingBasis": "US GAAP diluted shares", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/businessHistory/4/metrics/3/value", "value": 1966, "status": "verified", "sourceValue": 1966, "notes": "", "unit": "million diluted Class A-equivalent shares", "currency": null, "accountingBasis": "US GAAP diluted shares", "periodEnd": "2025-09-30", "periodStart": "2024-10-01" } ] }, { "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/bookValuePS", "value": 17.394261915779733, "status": "calculated", "sourceValue": 17.394261915779733, "notes": "Calculated reported total equity 37589 USDm / 2161m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "unit": "USD per Class A-equivalent share", "currency": "USD", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false, "periodEnd": "2021-09-30", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock; total equity 37589m includes preferred", "period": "FY2021 ended 2021-09-30" } ], "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock; total equity 37589m includes preferred", "period": "FY2021 ended 2021-09-30", "currency": "USD", "units": "USD per closing Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "statementStatus": "Annual filing / audited financial-statement note" }, { "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/bookValuePS", "value": 16.91916310033286, "status": "calculated", "sourceValue": 16.91916310033286, "notes": "Calculated reported total equity 35581 USDm / 2103m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "unit": "USD per Class A-equivalent share", "currency": "USD", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false, "periodEnd": "2022-09-30", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock; total equity 35581m includes preferred", "period": "FY2022 ended 2022-09-30" } ], "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock; total equity 35581m includes preferred", "period": "FY2022 ended 2022-09-30", "currency": "USD", "units": "USD per closing Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "statementStatus": "Annual filing / audited financial-statement note" }, { "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/bookValuePS", "value": 18.921836834391794, "status": "calculated", "sourceValue": 18.921836834391794, "notes": "Calculated reported total equity 38733 USDm / 2047m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "unit": "USD per Class A-equivalent share", "currency": "USD", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false, "periodEnd": "2023-09-30", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock; total equity 38733m includes preferred", "period": "FY2023 ended 2023-09-30" } ], "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock; total equity 38733m includes preferred", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD per closing Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "statementStatus": "Annual filing / audited financial-statement note" }, { "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/bookValuePS", "value": 19.736258194654564, "status": "calculated", "sourceValue": 19.736258194654564, "notes": "Calculated reported total equity 39137 USDm / 1983m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "unit": "USD per Class A-equivalent share", "currency": "USD", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false, "periodEnd": "2024-09-30", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock; total equity 39137m includes preferred", "period": "FY2024 ended 2024-09-30" } ], "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock; total equity 39137m includes preferred", "period": "FY2024 ended 2024-09-30", "currency": "USD", "units": "USD per closing Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "statementStatus": "Annual filing / audited financial-statement note" }, { "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/bookValuePS", "value": 19.641968911917097, "status": "calculated", "sourceValue": 19.641968911917097, "notes": "Calculated reported total equity 37909 USDm / 1930m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "unit": "USD per Class A-equivalent share", "currency": "USD", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false, "periodEnd": "2025-09-30", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock; total equity 37909m includes preferred", "period": "FY2025 ended 2025-09-30" } ], "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock; total equity 37909m includes preferred", "period": "FY2025 ended 2025-09-30", "currency": "USD", "units": "USD per closing Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "statementStatus": "Annual filing / audited financial-statement note" } ], "claims": [ { "file": "pershing-data.json", "pathOrText": "/holdings/@V/economics", "claim": "Visa provides payment authorisation, clearing and settlement services and other payment-related services. It does not issue cards or extend consumer credit. Revenue includes service, data-processing, international-transaction and other revenue, reduced by client incentives.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "notes": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "originalClaim": "Collects fees when payments cross its global network; banks generally carry consumer credit risk. Acceptance and bank integration reinforce scale. Extra transactions cost relatively little, but incentives and regulation constrain pricing. Watch payment volume, cross-border activity and litigation." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/0/fieldNotes/software", "claim": "Included in cash purchases of property, equipment and technology where applicable; no separately verified software amount is deducted twice.", "verdict": "site_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Dataset null field and original statement presentation", "notes": "Accurately describes a coverage gap; not evidence that the issuer never discloses the item." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/0/fieldNotes/dilutedShares", "claim": "Diluted class A-equivalent weighted average, including as-converted other classes; not legal-class shares summed.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context c-33; 2020-10-01 to 2021-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/0/fieldNotes/periodEndShares", "claim": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Not separately verified on the stated basis in the primary annual reports; not zero." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/0/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-31; 2020-10-01 to 2021-09-30; us-gaap:PaymentsToAcquireProductiveAssets; context c-31; 2020-10-01 to 2021-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/0/fieldNotes/equity", "claim": "Total reported equity includes preferred stock; not solely common shareholders equity.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest; context c-58; 2021-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/1/fieldNotes/software", "claim": "Included in cash purchases of property, equipment and technology where applicable; no separately verified software amount is deducted twice.", "verdict": "site_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Dataset null field and original statement presentation", "notes": "Accurately describes a coverage gap; not evidence that the issuer never discloses the item." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/1/fieldNotes/dilutedShares", "claim": "Diluted class A-equivalent weighted average, including as-converted other classes; not legal-class shares summed.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context c-32; 2021-10-01 to 2022-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/1/fieldNotes/periodEndShares", "claim": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Not separately verified on the stated basis in the primary annual reports; not zero." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/1/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-30; 2021-10-01 to 2022-09-30; us-gaap:PaymentsToAcquireProductiveAssets; context c-30; 2021-10-01 to 2022-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/1/fieldNotes/equity", "claim": "Total reported equity includes preferred stock; not solely common shareholders equity.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest; context c-76; 2022-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/2/fieldNotes/software", "claim": "Included in cash purchases of property, equipment and technology where applicable; no separately verified software amount is deducted twice.", "verdict": "site_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Dataset null field and original statement presentation", "notes": "Accurately describes a coverage gap; not evidence that the issuer never discloses the item." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/2/fieldNotes/dilutedShares", "claim": "Diluted class A-equivalent weighted average, including as-converted other classes; not legal-class shares summed.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context c-31; 2022-10-01 to 2023-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/2/fieldNotes/periodEndShares", "claim": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Not separately verified on the stated basis in the primary annual reports; not zero." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/2/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-29; 2022-10-01 to 2023-09-30; us-gaap:PaymentsToAcquireProductiveAssets; context c-29; 2022-10-01 to 2023-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/2/fieldNotes/equity", "claim": "Total reported equity includes preferred stock; not solely common shareholders equity.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest; context c-62; 2023-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/3/fieldNotes/software", "claim": "Included in cash purchases of property, equipment and technology where applicable; no separately verified software amount is deducted twice.", "verdict": "site_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Dataset null field and original statement presentation", "notes": "Accurately describes a coverage gap; not evidence that the issuer never discloses the item." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/3/fieldNotes/dilutedShares", "claim": "Diluted class A-equivalent weighted average, including as-converted other classes; not legal-class shares summed.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context c-30; 2023-10-01 to 2024-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/3/fieldNotes/periodEndShares", "claim": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Not separately verified on the stated basis in the primary annual reports; not zero." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/3/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-28; 2023-10-01 to 2024-09-30; us-gaap:PaymentsToAcquireProductiveAssets; context c-28; 2023-10-01 to 2024-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/3/fieldNotes/equity", "claim": "Total reported equity includes preferred stock; not solely common shareholders equity.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest; context c-96; 2024-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/4/fieldNotes/software", "claim": "Included in cash purchases of property, equipment and technology where applicable; no separately verified software amount is deducted twice.", "verdict": "site_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Dataset null field and original statement presentation", "notes": "Accurately describes a coverage gap; not evidence that the issuer never discloses the item." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/4/fieldNotes/dilutedShares", "claim": "Diluted class A-equivalent weighted average, including as-converted other classes; not legal-class shares summed.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context c-2; 2024-10-01 to 2025-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/4/fieldNotes/periodEndShares", "claim": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Not separately verified on the stated basis in the primary annual reports; not zero." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/4/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-1; 2024-10-01 to 2025-09-30; us-gaap:PaymentsToAcquireProductiveAssets; context c-1; 2024-10-01 to 2025-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/history/4/fieldNotes/equity", "claim": "Total reported equity includes preferred stock; not solely common shareholders equity.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest; context c-15; 2025-09-30", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/0/explanation/meaning", "claim": "Growth in money spent through Visa cards, with exchange-rate changes removed.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/0/explanation/why", "claim": "More spending usually gives Visa more transactions and fees.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/0/explanation/watch", "claim": "Distinguish extra purchases from higher prices; volume is not Visa revenue.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/1/explanation/meaning", "claim": "Growth in cross-border payment volume, in constant dollars and excluding payments within Europe.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/1/explanation/why", "claim": "International payments are an important source of network fees.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/1/explanation/watch", "claim": "Travel and currency changes can affect the mix and profitability.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/2/explanation/meaning", "claim": "The number of payments processed through Visa's network.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/2/explanation/why", "claim": "Each extra transaction uses an existing network that has relatively low extra processing costs.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/2/explanation/watch", "claim": "Compare transaction growth with revenue and incentives paid to customers.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/3/explanation/meaning", "claim": "Average shares used to divide quarterly profit, including equivalent claims from other classes.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/3/explanation/why", "claim": "Fewer economic shares can increase each remaining owner's share of profit.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/latestMetrics/3/explanation/watch", "claim": "Buybacks help only when their price and alternative uses of cash make sense.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/cashAdjustments/0/note", "claim": "Noncash expense added back within operating cash flow; do not deduct both its full cost and the same dilution twice.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/cashAdjustments/1/note", "claim": "Explains part of the decline in cash flow despite rising earnings. This is a cash-flow reconciliation movement, not total cash settlements.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/limitations/0", "claim": "Capex is the combined cash purchases of property, equipment and technology; separately disclosed software has not been added again.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/limitations/1", "claim": "FCF is a site calculation, not an adjusted company measure. Litigation cash timing affects it.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/limitations/2", "claim": "Prior values for growth-only operating drivers are null because the value itself already compares with the corresponding prior year; they do not mean zero growth.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/0/metrics/0/note", "claim": "Full fiscal-year constant-dollar growth for twelve months ended30 September, not the June-lag payments basis used for service revenue.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316121000056/q42021earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/0/metrics/1/note", "claim": "Constant-dollar growth excluding intra-Europe; full fiscal year.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316121000056/q42021earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/0/metrics/2/note", "claim": "Full-year processed transactions, not payment volume.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316121000056/q42021earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/0/metrics/3/note", "claim": "Full-year diluted class A-equivalent weighted-average shares.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316121000056/q42021earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/1/metrics/0/note", "claim": "Full fiscal-year constant-dollar growth for twelve months ended30 September, not the June-lag payments basis used for service revenue.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000076/q42022earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/1/metrics/1/note", "claim": "Constant-dollar growth excluding intra-Europe; full fiscal year.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000076/q42022earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/1/metrics/2/note", "claim": "Full-year processed transactions, not payment volume.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000076/q42022earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/1/metrics/3/note", "claim": "Full-year diluted class A-equivalent weighted-average shares.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000076/q42022earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/2/metrics/0/note", "claim": "Full fiscal-year constant-dollar growth for twelve months ended30 September, not the June-lag payments basis used for service revenue.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000092/q42023earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/2/metrics/1/note", "claim": "Constant-dollar growth excluding intra-Europe; full fiscal year.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000092/q42023earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/2/metrics/2/note", "claim": "Full-year processed transactions, not payment volume.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000092/q42023earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/2/metrics/3/note", "claim": "Full-year diluted class A-equivalent weighted-average shares.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000092/q42023earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/3/metrics/0/note", "claim": "Full fiscal-year constant-dollar growth for twelve months ended30 September, not the June-lag payments basis used for service revenue.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316124000053/q42024earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/3/metrics/1/note", "claim": "Constant-dollar growth excluding intra-Europe; full fiscal year.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316124000053/q42024earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/3/metrics/2/note", "claim": "Full-year processed transactions, not payment volume.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316124000053/q42024earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/3/metrics/3/note", "claim": "Full-year diluted class A-equivalent weighted-average shares.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316124000053/q42024earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/4/metrics/0/note", "claim": "Full fiscal-year constant-dollar growth for twelve months ended30 September, not the June-lag payments basis used for service revenue.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000077/q42025earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/4/metrics/1/note", "claim": "Constant-dollar growth excluding intra-Europe; full fiscal year.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000077/q42025earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/4/metrics/2/note", "claim": "Full-year processed transactions, not payment volume.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000077/q42025earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@V/businessHistory/4/metrics/3/note", "claim": "Full-year diluted class A-equivalent weighted-average shares.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000077/q42025earningsrelease.htm", "locator": "Full fiscal-year results / income statement; payments growth constant dollars, cross-border excludes intra-Europe, transactions billions, diluted class-A equivalent shares millions", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." } ], "corrections": [ { "file": "pershing-data.json", "path": "/holdings/@V/economics", "oldValue": "Collects fees when payments cross its global network; banks generally carry consumer credit risk. Acceptance and bank integration reinforce scale. Extra transactions cost relatively little, but incentives and regulation constrain pricing. Watch payment volume, cross-border activity and litigation.", "newValue": "Visa provides payment authorisation, clearing and settlement services and other payment-related services. It does not issue cards or extend consumer credit. Revenue includes service, data-processing, international-transaction and other revenue, reduced by client incentives.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/periodEndShares", "oldValue": null, "newValue": 2161, "reason": "Use the reported total as-converted Class A-equivalent closing shares. Includes preferred and all common classes on their conversion basis; not the sum of legal-class shares or a diluted weighted average. Rounded to nearest million.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock", "period": "FY2021 ended 2021-09-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock", "period": "FY2021 ended 2021-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock", "period": "FY2021 ended 2021-09-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/bookValuePS", "oldValue": null, "newValue": 17.394261915779733, "reason": "Calculated reported total equity 37589 USDm / 2161m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock; total equity 37589m includes preferred", "period": "FY2021 ended 2021-09-30", "currency": "USD", "units": "USD per Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock; total equity 37589m includes preferred" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock; total equity 37589m includes preferred", "period": "FY2021 ended 2021-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated total reported equity (including preferred) / closing as-converted Class A-equivalent shares (including preferred equivalents). Uses rounded statement inputs; not common-only equity or a company-reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock; total equity 37589m includes preferred", "period": "FY2021 ended 2021-09-30", "currency": null, "units": "text", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/periodEndShares", "oldValue": null, "newValue": 2103, "reason": "Use the reported total as-converted Class A-equivalent closing shares. Includes preferred and all common classes on their conversion basis; not the sum of legal-class shares or a diluted weighted average. Rounded to nearest million.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock", "period": "FY2022 ended 2022-09-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock", "period": "FY2022 ended 2022-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock", "period": "FY2022 ended 2022-09-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/bookValuePS", "oldValue": null, "newValue": 16.91916310033286, "reason": "Calculated reported total equity 35581 USDm / 2103m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock; total equity 35581m includes preferred", "period": "FY2022 ended 2022-09-30", "currency": "USD", "units": "USD per Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock; total equity 35581m includes preferred" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock; total equity 35581m includes preferred", "period": "FY2022 ended 2022-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated total reported equity (including preferred) / closing as-converted Class A-equivalent shares (including preferred equivalents). Uses rounded statement inputs; not common-only equity or a company-reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock; total equity 35581m includes preferred", "period": "FY2022 ended 2022-09-30", "currency": null, "units": "text", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/periodEndShares", "oldValue": null, "newValue": 2047, "reason": "Use the reported total as-converted Class A-equivalent closing shares. Includes preferred and all common classes on their conversion basis; not the sum of legal-class shares or a diluted weighted average. Rounded to nearest million.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock", "period": "FY2023 ended 2023-09-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock", "period": "FY2023 ended 2023-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock", "period": "FY2023 ended 2023-09-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/bookValuePS", "oldValue": null, "newValue": 18.921836834391794, "reason": "Calculated reported total equity 38733 USDm / 2047m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock; total equity 38733m includes preferred", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD per Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock; total equity 38733m includes preferred" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock; total equity 38733m includes preferred", "period": "FY2023 ended 2023-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated total reported equity (including preferred) / closing as-converted Class A-equivalent shares (including preferred equivalents). Uses rounded statement inputs; not common-only equity or a company-reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock; total equity 38733m includes preferred", "period": "FY2023 ended 2023-09-30", "currency": null, "units": "text", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/periodEndShares", "oldValue": null, "newValue": 1983, "reason": "Use the reported total as-converted Class A-equivalent closing shares. Includes preferred and all common classes on their conversion basis; not the sum of legal-class shares or a diluted weighted average. Rounded to nearest million.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock", "period": "FY2024 ended 2024-09-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock", "period": "FY2024 ended 2024-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock", "period": "FY2024 ended 2024-09-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/bookValuePS", "oldValue": null, "newValue": 19.736258194654564, "reason": "Calculated reported total equity 39137 USDm / 1983m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock; total equity 39137m includes preferred", "period": "FY2024 ended 2024-09-30", "currency": "USD", "units": "USD per Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock; total equity 39137m includes preferred" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock; total equity 39137m includes preferred", "period": "FY2024 ended 2024-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated total reported equity (including preferred) / closing as-converted Class A-equivalent shares (including preferred equivalents). Uses rounded statement inputs; not common-only equity or a company-reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock; total equity 39137m includes preferred", "period": "FY2024 ended 2024-09-30", "currency": null, "units": "text", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/periodEndShares", "oldValue": null, "newValue": 1930, "reason": "Use the reported total as-converted Class A-equivalent closing shares. Includes preferred and all common classes on their conversion basis; not the sum of legal-class shares or a diluted weighted average. Rounded to nearest million.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock", "period": "FY2025 ended 2025-09-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock", "period": "FY2025 ended 2025-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock", "period": "FY2025 ended 2025-09-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/bookValuePS", "oldValue": null, "newValue": 19.641968911917097, "reason": "Calculated reported total equity 37909 USDm / 1930m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock; total equity 37909m includes preferred", "period": "FY2025 ended 2025-09-30", "currency": "USD", "units": "USD per Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock; total equity 37909m includes preferred" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock; total equity 37909m includes preferred", "period": "FY2025 ended 2025-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated total reported equity (including preferred) / closing as-converted Class A-equivalent shares (including preferred equivalents). Uses rounded statement inputs; not common-only equity or a company-reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock; total equity 37909m includes preferred", "period": "FY2025 ended 2025-09-30", "currency": null, "units": "text", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/endShares", "oldValue": null, "newValue": 1880, "reason": "Source reports the total as-converted Class A-equivalent shares including preferred stock equivalents, rounded to nearest million; not legal-class shares summed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock", "period": "Closing balance at 2026-06-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/fieldSources/endShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "location": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock", "period": "Closing balance at 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/fieldNotes/endShares", "oldValue": null, "newValue": "Source reports the total as-converted Class A-equivalent shares including preferred stock equivalents, rounded to nearest million; not legal-class shares summed.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock", "period": "Closing balance at 2026-06-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred equivalents", "propertyExisted": false } ], "unresolved": [ "TTM dilutedShares is a reconstructed approximation from rounded annual/YTD weighted averages, not a reported precise denominator; the displayed per-share calculation is explicitly labelled approximate.", "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. The holdings business description has been replaced with filing-based wording; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@V/history/0/software, /companies/@V/history/1/software, /companies/@V/history/2/software, /companies/@V/history/3/software, /companies/@V/history/4/software, /companies/@V/annual/software, /companies/@V/ytd/current/software, /companies/@V/ytd/prior/software, /companies/@V/ttm/software, /companies/@V/ttm/leasePrincipal, /companies/@V/latestMetrics/0/prior, /companies/@V/latestMetrics/1/prior, /companies/@V/latestMetrics/2/prior" ], "batch": "network-holdings", "name": "Visa", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "Fresh original-source value audit: verified=128, not_verified=13, mismatch=11, calculated=28. Non-null unverified values=0. 11 numeric null/missing-field backfills proposed from explicit source observations or labelled calculations; no confirmed wrong existing non-null number. Prose interpretations remain separately identified, with a factual holdings-business description replacement proposed.", "originalUnresolved": [ "TTM dilutedShares is a reconstructed approximation from rounded annual/YTD weighted averages, not a reported precise denominator; explicitly label it approximate before using EPS/P-E.", "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. Six holdings economics replacement texts provided; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@V/history/0/software, /companies/@V/history/1/software, /companies/@V/history/2/software, /companies/@V/history/3/software, /companies/@V/history/4/software, /companies/@V/annual/software, /companies/@V/ytd/current/software, /companies/@V/ytd/prior/software, /companies/@V/ttm/software, /companies/@V/ttm/leasePrincipal, /companies/@V/latestMetrics/0/prior, /companies/@V/latestMetrics/1/prior, /companies/@V/latestMetrics/2/prior" ], "correctionsApplied": 36, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 134, "not_verified": 13, "calculated": 33 }, "sourceCount": 10 }, { "id": "ma", "status": "partial", "periodsReviewed": [ "FY2021", "FY2022", "FY2023", "FY2024", "FY2025", "Six months ended 30 June 2025/2026" ], "summary": "Completed source review: 149 source checks, 41 arithmetic checks, 4 unverified checks. 44 dated field or wording changes applied. 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GDV/cross-border local currency, services currency-neutral, network incentives as reported", "period": "FY2025", "currency": null, "units": "% YoY", "accountingBasis": "Reported operating metric", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/4/metrics/2/value", "value": 10, "status": "verified", "sourceValue": 10, "notes": "", "unit": "% YoY", "currency": null, "accountingBasis": "Reported operating metric", "periodEnd": "2025-12-31", "periodStart": "2025-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000003/ma12312025-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "period": "FY2025", "currency": null, "units": "% YoY", "accountingBasis": "Reported operating metric", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/4/metrics/3/value", "value": 21, "status": "verified", "sourceValue": 21, "notes": "", "unit": "% YoY", "currency": null, "accountingBasis": "Reported operating metric", "periodEnd": "2025-12-31", "periodStart": "2025-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000003/ma12312025-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "period": "FY2025", "currency": null, "units": "% YoY as reported", "accountingBasis": "Reported operating metric", "statementStatus": "Issuer release or unaudited interim disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/4/metrics/4/value", "value": 16, "status": "verified", "sourceValue": 16, "notes": "", "unit": "% YoY as reported", "currency": null, "accountingBasis": "Reported operating metric", "periodEnd": "2025-12-31", "periodStart": "2025-01-01" } ] }, { "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/bookValuePS", "value": 7.461985916930299, "status": "calculated", "sourceValue": 7.461985916930299, "notes": "Calculated 7312 USDm / 979.9 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "unit": "USD per common share", "currency": "USD", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false, "periodEnd": "2021-12-31", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m; parent stockholders equity 7312m (excluding non-controlling interests)", "period": "FY2021 ended 2021-12-31" } ], "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m; parent stockholders equity 7312m (excluding non-controlling interests)", "period": "FY2021 ended 2021-12-31", "currency": "USD", "units": "USD per closing common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "statementStatus": "Annual filing / audited financial-statement note" }, { "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/bookValuePS", "value": 6.587866108786611, "status": "calculated", "sourceValue": 6.587866108786611, "notes": "Calculated 6298 USDm / 956.0 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "unit": "USD per common share", "currency": "USD", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false, "periodEnd": "2022-12-31", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m; parent stockholders equity 6298m (excluding non-controlling interests)", "period": "FY2022 ended 2022-12-31" } ], "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m; parent stockholders equity 6298m (excluding non-controlling interests)", "period": "FY2022 ended 2022-12-31", "currency": "USD", "units": "USD per closing common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "statementStatus": "Annual filing / audited financial-statement note" }, { "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/bookValuePS", "value": 7.414660246120921, "status": "calculated", "sourceValue": 7.414660246120921, "notes": "Calculated 6929 USDm / 934.5 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "unit": "USD per common share", "currency": "USD", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false, "periodEnd": "2023-12-31", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m; parent stockholders equity 6929m (excluding non-controlling interests)", "period": "FY2023 ended 2023-12-31" } ], "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m; parent stockholders equity 6929m (excluding non-controlling interests)", "period": "FY2023 ended 2023-12-31", "currency": "USD", "units": "USD per closing common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "statementStatus": "Annual filing / audited financial-statement note" }, { "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/bookValuePS", "value": 7.099846726516313, "status": "calculated", "sourceValue": 7.099846726516313, "notes": "Calculated 6485 USDm / 913.4 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "unit": "USD per common share", "currency": "USD", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false, "periodEnd": "2024-12-31", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m; parent stockholders equity 6485m (excluding non-controlling interests)", "period": "FY2024 ended 2024-12-31" } ], "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m; parent stockholders equity 6485m (excluding non-controlling interests)", "period": "FY2024 ended 2024-12-31", "currency": "USD", "units": "USD per closing common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "statementStatus": "Annual filing / audited financial-statement note" }, { "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/bookValuePS", "value": 8.655330573889698, "status": "calculated", "sourceValue": 8.655330573889698, "notes": "Calculated 7737 USDm / 893.9 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "unit": "USD per common share", "currency": "USD", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false, "periodEnd": "2025-12-31", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "mismatch", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m; parent stockholders equity 7737m (excluding non-controlling interests)", "period": "FY2025 ended 2025-12-31" } ], "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m; parent stockholders equity 7737m (excluding non-controlling interests)", "period": "FY2025 ended 2025-12-31", "currency": "USD", "units": "USD per closing common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "statementStatus": "Annual filing / audited financial-statement note" } ], "claims": [ { "file": "pershing-data.json", "pathOrText": "/holdings/@MA/economics", "claim": "Mastercard earns payment-network revenue from volume-based fees, switching and other network services, and revenue from value-added services and solutions. It does not issue cards or extend credit to cardholders. Rebates and incentives reduce reported revenue.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "notes": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "originalClaim": "Earns network fees plus security, data and service revenue. It generally does not issue cards or lend. Acceptance and integration encourage repeat use. Services can deepen customer spending, while incentives and regulation pressure profits. Watch transactions, cross-border volume and services growth." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@MA/note", "claim": "FCF deducts both cash PP&E and separately reported capitalised software. Year-end shares include Classes A and B and are rounded filing values.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Consolidated cash-flow statements, EPS/tax/equity notes and source definitions", "notes": "Financial measurement facts were checked: fiscal periods, capex/lease/software distinctions, source tax benefit or precise class share sums. Evaluative wording such as flatters is interpretation." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/history/0/fieldNotes/periodEndShares", "claim": "Closing common shares at 31 December 2021: Class A 972.1m + Class B 7.8m = 979.9m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Not separately verified on the stated basis in the primary annual reports; not zero." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/history/0/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000022/ma-20231231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-10; 2021-01-01 to 2021-12-31; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-10; 2021-01-01 to 2021-12-31; us-gaap:PaymentsToAcquireSoftware; context c-10; 2021-01-01 to 2021-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/history/1/fieldNotes/periodEndShares", "claim": "Closing common shares at 31 December 2022: Class A 948.4m + Class B 7.6m = 956.0m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Not separately verified on the stated basis in the primary annual reports; not zero." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/history/1/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000022/ma-20231231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-9; 2022-01-01 to 2022-12-31; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-9; 2022-01-01 to 2022-12-31; us-gaap:PaymentsToAcquireSoftware; context c-9; 2022-01-01 to 2022-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/history/2/fieldNotes/periodEndShares", "claim": "Closing common shares at 31 December 2023: Class A 927.3m + Class B 7.2m = 934.5m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Not separately verified on the stated basis in the primary annual reports; not zero." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/history/2/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-10; 2023-01-01 to 2023-12-31; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-10; 2023-01-01 to 2023-12-31; us-gaap:PaymentsToAcquireSoftware; context c-10; 2023-01-01 to 2023-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/history/3/fieldNotes/periodEndShares", "claim": "Closing common shares at 31 December 2024: Class A 906.6m + Class B 6.8m = 913.4m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Not separately verified on the stated basis in the primary annual reports; not zero." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/history/3/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-9; 2024-01-01 to 2024-12-31; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-9; 2024-01-01 to 2024-12-31; us-gaap:PaymentsToAcquireSoftware; context c-9; 2024-01-01 to 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/history/4/fieldNotes/periodEndShares", "claim": "Closing common shares at 31 December 2025: Class A 887.3m + Class B 6.6m = 893.9m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m", "notes": "Replace stale extraction-gap text with verified definition, date and precision.", "originalClaim": "Not separately verified on the stated basis in the primary annual reports; not zero." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/history/4/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-1; 2025-01-01 to 2025-12-31; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-1; 2025-01-01 to 2025-12-31; us-gaap:PaymentsToAcquireSoftware; context c-1; 2025-01-01 to 2025-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/0/explanation/meaning", "claim": "Growth in purchases and cash activity on Mastercard-branded cards, excluding currency translation.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/0/explanation/why", "claim": "It measures demand using the network.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/0/explanation/watch", "claim": "More card spending need not translate equally into fee growth.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/1/explanation/meaning", "claim": "Growth in payments where the merchant and cardholder are in different countries.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/1/explanation/why", "claim": "Cross-border payments contribute valuable fees.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/1/explanation/watch", "claim": "Track travel demand, pricing and the mix of transactions.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/2/explanation/meaning", "claim": "Growth in transactions processed through Mastercard's own network.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/2/explanation/why", "claim": "It shows how much customers use the processing infrastructure.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/2/explanation/watch", "claim": "Compare with expenses, rebates and revenue per transaction.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/3/explanation/meaning", "claim": "Growth in services such as security, data and customer tools, excluding currency effects.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/3/explanation/why", "claim": "Useful services can deepen relationships and add revenue beyond payment processing.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/3/explanation/watch", "claim": "Separate pricing, acquisitions and underlying customer usage.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/4/explanation/meaning", "claim": "Growth in payments and discounts offered to win or retain customers.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/4/explanation/why", "claim": "Customer incentives reduce the revenue Mastercard keeps.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/latestMetrics/4/explanation/watch", "claim": "Incentives growing persistently faster than business activity may pressure future returns.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/cashAdjustments/0/note", "claim": "Deducted in addition to physical PP&E; omitting software overstates cash available.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/cashAdjustments/1/note", "claim": "Added back within GAAP operating cash flow; evaluate economic compensation and dilution consistently.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/limitations/0", "claim": "FCF deducts both physical capex and separately reported software. No adjusted company FCF is substituted.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/limitations/1", "claim": "Operating cash flow is affected by customer incentives, settlement balances, litigation and working-capital timing.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/limitations/2", "claim": "From 2026, cross-border metrics include Venezuela activity, per the issuer’s footnote; consider this comparability change when reading growth.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/0/metrics/0/note", "claim": "Local-currency GDV growth; includes purchase and cash activity.2022 includes Russia withdrawal; not Russia-adjusted.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139122000023/ma-20211231.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/0/metrics/1/note", "claim": "Local-currency cross-border volume growth;2022 includes Russia withdrawal.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139122000023/ma-20211231.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/0/metrics/2/note", "claim": "Reported switched transaction growth; not adjusted for Russia.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139122000023/ma-20211231.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/0/metrics/3/note", "claim": "FY2021 value-added services and solutions growth on the recast category in the FY2022 Form 10-K: 27% currency-neutral (28% reported), including 6 percentage points from acquisitions.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; value-added services and solutions28% reported/27% currency-neutral; acquisitions6 percentage points", "notes": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "originalClaim": "Comparable annual metric on this definition/perimeter not verified. 2022 onward uses value-added services and solutions category.2021 historical broad other-revenue/services category was not verified on the same recast scope." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/0/metrics/4/note", "claim": "FY2021 payment-network rebates and incentives growth on the recast category in the FY2022 Form 10-K: 31% reported (30% currency-neutral). Broader total rebates and incentives growth of 32% is not substituted.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; payment-network rebates10476m;31% reported/30% currency-neutral; distinct from total rebates32%", "notes": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "originalClaim": "Comparable annual metric on this definition/perimeter not verified. 2022 onward payment-network rebates and incentives;2021 total historical rebates/incentives is not substituted for this narrower network scope." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/1/metrics/0/note", "claim": "Local-currency GDV growth; includes purchase and cash activity.2022 includes Russia withdrawal; not Russia-adjusted.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/1/metrics/1/note", "claim": "Local-currency cross-border volume growth;2022 includes Russia withdrawal.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/1/metrics/2/note", "claim": "Reported switched transaction growth; not adjusted for Russia.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/1/metrics/3/note", "claim": "2022 onward uses value-added services and solutions category.2021 historical broad other-revenue/services category was not verified on the same recast scope.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/1/metrics/4/note", "claim": "2022 onward payment-network rebates and incentives;2021 total historical rebates/incentives is not substituted for this narrower network scope.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/2/metrics/0/note", "claim": "Local-currency GDV growth; includes purchase and cash activity.2022 includes Russia withdrawal; not Russia-adjusted.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000011/ma12312023-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/2/metrics/1/note", "claim": "Local-currency cross-border volume growth;2022 includes Russia withdrawal.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000011/ma12312023-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/2/metrics/2/note", "claim": "Reported switched transaction growth; not adjusted for Russia.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000011/ma12312023-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/2/metrics/3/note", "claim": "2022 onward uses value-added services and solutions category.2021 historical broad other-revenue/services category was not verified on the same recast scope.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000011/ma12312023-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/2/metrics/4/note", "claim": "2022 onward payment-network rebates and incentives;2021 total historical rebates/incentives is not substituted for this narrower network scope.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000011/ma12312023-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/3/metrics/0/note", "claim": "Local-currency GDV growth; includes purchase and cash activity.2022 includes Russia withdrawal; not Russia-adjusted.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139125000003/ma12312024-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/3/metrics/1/note", "claim": "Local-currency cross-border volume growth;2022 includes Russia withdrawal.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139125000003/ma12312024-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/3/metrics/2/note", "claim": "Reported switched transaction growth; not adjusted for Russia.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139125000003/ma12312024-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/3/metrics/3/note", "claim": "2022 onward uses value-added services and solutions category.2021 historical broad other-revenue/services category was not verified on the same recast scope.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139125000003/ma12312024-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/3/metrics/4/note", "claim": "2022 onward payment-network rebates and incentives;2021 total historical rebates/incentives is not substituted for this narrower network scope.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139125000003/ma12312024-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/4/metrics/0/note", "claim": "Local-currency GDV growth; includes purchase and cash activity.2022 includes Russia withdrawal; not Russia-adjusted.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000003/ma12312025-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/4/metrics/1/note", "claim": "Local-currency cross-border volume growth;2022 includes Russia withdrawal.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000003/ma12312025-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/4/metrics/2/note", "claim": "Reported switched transaction growth; not adjusted for Russia.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000003/ma12312025-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/4/metrics/3/note", "claim": "2022 onward uses value-added services and solutions category.2021 historical broad other-revenue/services category was not verified on the same recast scope.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000003/ma12312025-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@MA/businessHistory/4/metrics/4/note", "claim": "2022 onward payment-network rebates and incentives;2021 total historical rebates/incentives is not substituted for this narrower network scope.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000003/ma12312025-exx991xearnings.htm", "locator": "Full-year key business drivers and net-revenue discussion; GDV/cross-border local currency, services currency-neutral, network incentives as reported", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." } ], "corrections": [ { "file": "pershing-data.json", "path": "/holdings/@MA/economics", "oldValue": "Earns network fees plus security, data and service revenue. It generally does not issue cards or lend. Acceptance and integration encourage repeat use. Services can deepen customer spending, while incentives and regulation pressure profits. Watch transactions, cross-border volume and services growth.", "newValue": "Mastercard earns payment-network revenue from volume-based fees, switching and other network services, and revenue from value-added services and solutions. It does not issue cards or extend credit to cardholders. Rebates and incentives reduce reported revenue.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/3/value", "oldValue": null, "newValue": 27, "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; value-added services and solutions28% reported/27% currency-neutral; acquisitions6 percentage points", "period": "FY2021 ended2021-12-31", "currency": null, "units": "percent year over year", "accountingBasis": "Company non-GAAP currency-neutral annual growth, including acquisitions" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/3/source", "oldValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000022/ma-20231231.htm", "newValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; value-added services and solutions28% reported/27% currency-neutral; acquisitions6 percentage points", "period": "FY2021 ended2021-12-31", "currency": null, "units": "text", "accountingBasis": "Company non-GAAP currency-neutral annual growth, including acquisitions" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/3/note", "oldValue": "Comparable annual metric on this definition/perimeter not verified. 2022 onward uses value-added services and solutions category.2021 historical broad other-revenue/services category was not verified on the same recast scope.", "newValue": "FY2021 value-added services and solutions growth on the recast category in the FY2022 Form 10-K: 27% currency-neutral (28% reported), including 6 percentage points from acquisitions.", "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; value-added services and solutions28% reported/27% currency-neutral; acquisitions6 percentage points", "period": "FY2021 ended2021-12-31", "currency": null, "units": "text", "accountingBasis": "Company non-GAAP currency-neutral annual growth, including acquisitions" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/4/value", "oldValue": null, "newValue": 31, "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; payment-network rebates10476m;31% reported/30% currency-neutral; distinct from total rebates32%", "period": "FY2021 ended2021-12-31", "currency": null, "units": "percent year over year", "accountingBasis": "Reported annual payment-network rebates and incentives growth" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/4/source", "oldValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139122000023/ma-20211231.htm", "newValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; payment-network rebates10476m;31% reported/30% currency-neutral; distinct from total rebates32%", "period": "FY2021 ended2021-12-31", "currency": null, "units": "text", "accountingBasis": "Reported annual payment-network rebates and incentives growth" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/4/note", "oldValue": "Comparable annual metric on this definition/perimeter not verified. 2022 onward payment-network rebates and incentives;2021 total historical rebates/incentives is not substituted for this narrower network scope.", "newValue": "FY2021 payment-network rebates and incentives growth on the recast category in the FY2022 Form 10-K: 31% reported (30% currency-neutral). Broader total rebates and incentives growth of 32% is not substituted.", "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; payment-network rebates10476m;31% reported/30% currency-neutral; distinct from total rebates32%", "period": "FY2021 ended2021-12-31", "currency": null, "units": "text", "accountingBasis": "Reported annual payment-network rebates and incentives growth" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/1/metrics/3/source", "oldValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000022/ma-20231231.htm", "newValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "reason": "Use the FY2022 original MD&A reporting the exact FY2022 currency-neutral services18% and payment-network rebates19%, rather than an indirect FY2023 source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Item7 Net Revenue2022 discussion", "period": "FY2022 ended2022-12-31", "currency": null, "units": "text", "accountingBasis": "Reported historical operating-growth definitions" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/1/metrics/4/source", "oldValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000022/ma-20231231.htm", "newValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "reason": "Use the FY2022 original MD&A reporting the exact FY2022 currency-neutral services18% and payment-network rebates19%, rather than an indirect FY2023 source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Item7 Net Revenue2022 discussion", "period": "FY2022 ended2022-12-31", "currency": null, "units": "text", "accountingBasis": "Reported historical operating-growth definitions" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/periodEndShares", "oldValue": null, "newValue": 979.9, "reason": "Sum of closing Class A 972.1m + Class B 7.8m = 979.9m, using the equity-note 0.1m precision; excludes treasury shares. This is not a later cover-date count or weighted average.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m", "period": "FY2021 ended 2021-12-31", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m", "period": "FY2021 ended 2021-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing common shares at 31 December 2021: Class A 972.1m + Class B 7.8m = 979.9m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m", "period": "FY2021 ended 2021-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/bookValuePS", "oldValue": null, "newValue": 7.461985916930299, "reason": "Calculated 7312 USDm / 979.9 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m; parent stockholders equity 7312m (excluding non-controlling interests)", "period": "FY2021 ended 2021-12-31", "currency": "USD", "units": "USD per common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m; parent stockholders equity 7312m (excluding non-controlling interests)" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m; parent stockholders equity 7312m (excluding non-controlling interests)", "period": "FY2021 ended 2021-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated parent stockholders equity / closing Class A plus Class B shares. Uses rounded statement figures and 0.1m share precision; not a reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m; parent stockholders equity 7312m (excluding non-controlling interests)", "period": "FY2021 ended 2021-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/periodEndShares", "oldValue": null, "newValue": 956.0, "reason": "Sum of closing Class A 948.4m + Class B 7.6m = 956.0m, using the equity-note 0.1m precision; excludes treasury shares. This is not a later cover-date count or weighted average.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m", "period": "FY2022 ended 2022-12-31", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m", "period": "FY2022 ended 2022-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing common shares at 31 December 2022: Class A 948.4m + Class B 7.6m = 956.0m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m", "period": "FY2022 ended 2022-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/bookValuePS", "oldValue": null, "newValue": 6.587866108786611, "reason": "Calculated 6298 USDm / 956.0 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m; parent stockholders equity 6298m (excluding non-controlling interests)", "period": "FY2022 ended 2022-12-31", "currency": "USD", "units": "USD per common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m; parent stockholders equity 6298m (excluding non-controlling interests)" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m; parent stockholders equity 6298m (excluding non-controlling interests)", "period": "FY2022 ended 2022-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated parent stockholders equity / closing Class A plus Class B shares. Uses rounded statement figures and 0.1m share precision; not a reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m; parent stockholders equity 6298m (excluding non-controlling interests)", "period": "FY2022 ended 2022-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/periodEndShares", "oldValue": null, "newValue": 934.5, "reason": "Sum of closing Class A 927.3m + Class B 7.2m = 934.5m, using the equity-note 0.1m precision; excludes treasury shares. This is not a later cover-date count or weighted average.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m", "period": "FY2023 ended 2023-12-31", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m", "period": "FY2023 ended 2023-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing common shares at 31 December 2023: Class A 927.3m + Class B 7.2m = 934.5m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m", "period": "FY2023 ended 2023-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/bookValuePS", "oldValue": null, "newValue": 7.414660246120921, "reason": "Calculated 6929 USDm / 934.5 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m; parent stockholders equity 6929m (excluding non-controlling interests)", "period": "FY2023 ended 2023-12-31", "currency": "USD", "units": "USD per common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m; parent stockholders equity 6929m (excluding non-controlling interests)" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m; parent stockholders equity 6929m (excluding non-controlling interests)", "period": "FY2023 ended 2023-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated parent stockholders equity / closing Class A plus Class B shares. Uses rounded statement figures and 0.1m share precision; not a reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m; parent stockholders equity 6929m (excluding non-controlling interests)", "period": "FY2023 ended 2023-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/periodEndShares", "oldValue": null, "newValue": 913.4, "reason": "Sum of closing Class A 906.6m + Class B 6.8m = 913.4m, using the equity-note 0.1m precision; excludes treasury shares. This is not a later cover-date count or weighted average.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m", "period": "FY2024 ended 2024-12-31", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m", "period": "FY2024 ended 2024-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing common shares at 31 December 2024: Class A 906.6m + Class B 6.8m = 913.4m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m", "period": "FY2024 ended 2024-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/bookValuePS", "oldValue": null, "newValue": 7.099846726516313, "reason": "Calculated 6485 USDm / 913.4 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m; parent stockholders equity 6485m (excluding non-controlling interests)", "period": "FY2024 ended 2024-12-31", "currency": "USD", "units": "USD per common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m; parent stockholders equity 6485m (excluding non-controlling interests)" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m; parent stockholders equity 6485m (excluding non-controlling interests)", "period": "FY2024 ended 2024-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated parent stockholders equity / closing Class A plus Class B shares. Uses rounded statement figures and 0.1m share precision; not a reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m; parent stockholders equity 6485m (excluding non-controlling interests)", "period": "FY2024 ended 2024-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/periodEndShares", "oldValue": null, "newValue": 893.9, "reason": "Sum of closing Class A 887.3m + Class B 6.6m = 893.9m, using the equity-note 0.1m precision; excludes treasury shares. This is not a later cover-date count or weighted average.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m", "period": "FY2025 ended 2025-12-31", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m", "period": "FY2025 ended 2025-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing common shares at 31 December 2025: Class A 887.3m + Class B 6.6m = 893.9m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m", "period": "FY2025 ended 2025-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/bookValuePS", "oldValue": null, "newValue": 8.655330573889698, "reason": "Calculated 7737 USDm / 893.9 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m; parent stockholders equity 7737m (excluding non-controlling interests)", "period": "FY2025 ended 2025-12-31", "currency": "USD", "units": "USD per common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m; parent stockholders equity 7737m (excluding non-controlling interests)" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m; parent stockholders equity 7737m (excluding non-controlling interests)", "period": "FY2025 ended 2025-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated parent stockholders equity / closing Class A plus Class B shares. Uses rounded statement figures and 0.1m share precision; not a reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m; parent stockholders equity 7737m (excluding non-controlling interests)", "period": "FY2025 ended 2025-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/ttm/endShares", "oldValue": null, "newValue": 878, "reason": "Calculated 871m Class A + 7m Class B = 878m at balance-sheet whole-million precision. Annual equity-note history uses 0.1m precision; do not imply this interim total is more precise or use later cover-date shares.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common-stock rows: Class A 871m + Class B 7m outstanding", "period": "Closing balance at 2026-06-30", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported rounded Class A and Class B closing common shares" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/ttm/fieldSources/endShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm", "location": "Consolidated balance sheet June 30, 2026, common-stock rows: Class A 871m + Class B 7m outstanding" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common-stock rows: Class A 871m + Class B 7m outstanding", "period": "Closing balance at 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported rounded Class A and Class B closing common shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/ttm/fieldNotes/endShares", "oldValue": null, "newValue": "Calculated 871m Class A + 7m Class B = 878m at balance-sheet whole-million precision. Annual equity-note history uses 0.1m precision; do not imply this interim total is more precise or use later cover-date shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common-stock rows: Class A 871m + Class B 7m outstanding", "period": "Closing balance at 2026-06-30", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported rounded Class A and Class B closing common shares", "propertyExisted": false } ], "unresolved": [ "TTM dilutedShares is a reconstructed approximation from rounded annual/YTD weighted averages, not a reported precise denominator; the displayed per-share calculation is explicitly labelled approximate.", "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. The holdings business description has been replaced with filing-based wording; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@MA/ttm/leasePrincipal, /companies/@MA/latestMetrics/2/prior, /companies/@MA/latestMetrics/3/prior, /companies/@MA/latestMetrics/4/prior" ], "batch": "network-holdings", "name": "Mastercard", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "Fresh original-source value audit: verified=147, mismatch=13, calculated=30, not_verified=4. Non-null unverified values=0. 13 numeric null/missing-field backfills proposed from explicit source observations or labelled calculations; no confirmed wrong existing non-null number. Prose interpretations remain separately identified, with a factual holdings-business description replacement proposed.", "originalUnresolved": [ "TTM dilutedShares is a reconstructed approximation from rounded annual/YTD weighted averages, not a reported precise denominator; explicitly label it approximate before using EPS/P-E.", "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. Six holdings economics replacement texts provided; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@MA/ttm/leasePrincipal, /companies/@MA/latestMetrics/2/prior, /companies/@MA/latestMetrics/3/prior, /companies/@MA/latestMetrics/4/prior" ], "correctionsApplied": 44, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 149, "calculated": 41, "not_verified": 4 }, "sourceCount": 9 }, { "id": "ice", "status": "partial", "periodsReviewed": [ "FY2021", "FY2022", "FY2023", "FY2024", "FY2025", "Six months ended 30 June 2025/2026", "Q3 2026 trading statistics" ], "summary": "Completed source review: 161 source checks, 30 arithmetic checks, 1 unverified checks. 9 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; context c-16; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/revenue", "value": 7146, "status": "verified", "sourceValue": 7146.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-16; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/ocf", "value": 3123, "status": "verified", "sourceValue": 3123.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-16; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/capex", "value": 179, "status": "verified", "sourceValue": 179.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:PaymentsToDevelopSoftware; context c-16; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/software", "value": 273, "status": "verified", "sourceValue": 273.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:NetIncomeLoss; context c-16; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/netIncome", "value": 4058, "status": "verified", "sourceValue": 4058.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:OperatingIncomeLoss; context c-16; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/operatingIncome", "value": 3449, "status": "verified", "sourceValue": 3449.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:ShareBasedCompensation; context c-16; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/sbc", "value": 188, "status": "verified", "sourceValue": 188.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context c-16; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": null, "units": "million diluted weighted-average common shares", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/dilutedShares", "value": 565, "status": "verified", "sourceValue": 565.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "million diluted weighted-average common shares", "currency": null, "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:EarningsPerShareDiluted; context c-16; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD per diluted common share", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/eps", "value": 7.18, "status": "verified", "sourceValue": 7.18, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD per diluted common share", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/ice-20221231.htm", "locator": "us-gaap:StockholdersEquity; context ib32e40b199204d358604b01214d1d114_I20211231; 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/equity", "value": 22709, "status": "verified", "sourceValue": 22709.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:CashEquivalentsAtCarryingValue; context c-36; 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/cash", "value": 607, "status": "verified", "sourceValue": 607.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/ice-20221231.htm", "locator": "us-gaap:CommonStockSharesOutstanding; context ib32e40b199204d358604b01214d1d114_I20211231; 2021-12-31", "period": "FY2021", "currency": null, "units": "million closing common shares", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/periodEndShares", "value": 561, "status": "verified", "sourceValue": 561.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "million closing common shares", "currency": null, "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:PaymentsForRepurchaseOfCommonStock; context c-16; 2021-01-01 to 2021-12-31", "period": "FY2021", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP reported", "statementStatus": "Annual filing / audited financial statements; business metrics outside audit opinion", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/history/0/buybacksCash", "value": 250, "status": "verified", "sourceValue": 250.0, "notes": "Currency USD; financial statement dollars and shares divided by one million; EPS remains USD per share.", "unit": "USD millions", "currency": "USD", "accountingBasis": "US GAAP reported", "periodEnd": "2021-12-31", "periodStart": "2021-01-01" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/ice-20221231.htm", "locator": "Balance sheet / debt note: LongTermDebtCurrent + LongTermDebtNoncurrent; 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Watch volumes, recurring revenue, mortgage activity and debt." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@ICE/note", "claim": "FCF deducts physical capex and software development. Company adjusted FCF also adjusts Section 31 fees. Book value uses a rounded year-end share count.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Consolidated cash-flow statements, EPS/tax/equity notes and source definitions", "notes": "Financial measurement facts were checked: fiscal periods, capex/lease/software distinctions, source tax benefit or precise class share sums. Evaluative wording such as flatters is interpretation." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/0/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-16; 2021-01-01 to 2021-12-31; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-16; 2021-01-01 to 2021-12-31; us-gaap:PaymentsToDevelopSoftware; context c-16; 2021-01-01 to 2021-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/0/note", "claim": "Revenue is net of transaction-based expenses. 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These describe definitions/acquisition comparability, not organic growth." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/1/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ice-20241231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-16; 2022-01-01 to 2022-12-31; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-16; 2022-01-01 to 2022-12-31; us-gaap:PaymentsToDevelopSoftware; context c-16; 2022-01-01 to 2022-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/1/note", "claim": "Revenue is net of transaction-based expenses. 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These describe definitions/acquisition comparability, not organic growth." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/2/fieldNotes/buybacksCash", "claim": "Company explicitly states no programme/open-market repurchases in2023 or2024; employee tax-withholding treasury receipts remain separate. This is a verified zero.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "us-gaap:PaymentsForRepurchaseOfCommonStock; context c-18; 2023-01-01 to 2023-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/2/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-18; 2023-01-01 to 2023-12-31; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-18; 2023-01-01 to 2023-12-31; us-gaap:PaymentsToDevelopSoftware; context c-18; 2023-01-01 to 2023-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/2/note", "claim": "Revenue is net of transaction-based expenses. Black Knight enters reported consolidation from September2023, so mortgage growth includes an acquisition/perimeter change. Debt/cash excludes clearing-member margin deposits.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "FY2023 Form 10-K: Item 7 net-revenue presentation; Note 3 Black Knight acquisition; cash and cash-equivalent reconciliation and Note 14 clearing deposits", "notes": "Compared all three assertions: site revenue uses revenue less transaction-based expenses; Black Knight acquisition closed September 5, 2023 and enters consolidation then; cash row excludes separately presented clearing-margin cash and debt excludes the corresponding clearing-member liabilities. These describe definitions/acquisition comparability, not organic growth." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/3/fieldNotes/buybacksCash", "claim": "Company explicitly states no programme/open-market repurchases in2023 or2024; employee tax-withholding treasury receipts remain separate. This is a verified zero.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "us-gaap:PaymentsForRepurchaseOfCommonStock; context c-17; 2024-01-01 to 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/3/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-17; 2024-01-01 to 2024-12-31; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-17; 2024-01-01 to 2024-12-31; us-gaap:PaymentsToDevelopSoftware; context c-17; 2024-01-01 to 2024-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/3/note", "claim": "Revenue is net of transaction-based expenses. Black Knight enters reported consolidation from September2023, so mortgage growth includes an acquisition/perimeter change. Debt/cash excludes clearing-member margin deposits.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "FY2023 Form 10-K: Item 7 net-revenue presentation; Note 3 Black Knight acquisition; cash and cash-equivalent reconciliation and Note 14 clearing deposits", "notes": "Compared all three assertions: site revenue uses revenue less transaction-based expenses; Black Knight acquisition closed September 5, 2023 and enters consolidation then; cash row excludes separately presented clearing-margin cash and debt excludes the corresponding clearing-member liabilities. These describe definitions/acquisition comparability, not organic growth." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/4/fieldNotes/fcf", "claim": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "us-gaap:NetCashProvidedByUsedInOperatingActivities; context c-1; 2025-01-01 to 2025-12-31; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context c-1; 2025-01-01 to 2025-12-31; us-gaap:PaymentsToDevelopSoftware; context c-1; 2025-01-01 to 2025-12-31", "notes": "Definition and calculation basis reviewed alongside the individually verified or calculated field; not an additional company-reported financial measure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/history/4/note", "claim": "Revenue is net of transaction-based expenses. Black Knight enters reported consolidation from September2023, so mortgage growth includes an acquisition/perimeter change. Debt/cash excludes clearing-member margin deposits.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "FY2023 Form 10-K: Item 7 net-revenue presentation; Note 3 Black Knight acquisition; cash and cash-equivalent reconciliation and Note 14 clearing deposits", "notes": "Compared all three assertions: site revenue uses revenue less transaction-based expenses; Black Knight acquisition closed September 5, 2023 and enters consolidation then; cash row excludes separately presented clearing-margin cash and debt excludes the corresponding clearing-member liabilities. These describe definitions/acquisition comparability, not organic growth." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/0/explanation/meaning", "claim": "Revenue from repeat contracts in fixed-income tools and data.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/0/explanation/why", "claim": "Repeat spending can support steadier cash generation than trading activity alone.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/0/explanation/watch", "claim": "Renewals, organic growth and the cost of keeping products competitive.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/1/explanation/meaning", "claim": "Repeat contract revenue from mortgage software and related tools.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/1/explanation/why", "claim": "It shows the stable part of a business exposed to housing activity.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/1/explanation/watch", "claim": "Customer retention and growth relative to the borrowing cycle.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/2/explanation/meaning", "claim": "Fees for market information and access to exchange infrastructure.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/2/explanation/why", "claim": "Embedded data and connections can produce repeat income.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/2/explanation/watch", "claim": "Pricing power, customer usage and regulatory limits.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/3/explanation/meaning", "claim": "Revenue kept from energy trading activity after relevant transaction costs.", "verdict": "supported_definition", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Item1 Business; MD&A definition of the named operating metric; corresponding original business-driver table", "notes": "Plain-language definition reviewed against the named metric. It is explanatory prose, not a separately reported financial result." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/3/explanation/why", "claim": "It measures an important source of exchange earnings.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/latestMetrics/3/explanation/watch", "claim": "Trading volumes fluctuate with hedging demand and market conditions.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Analytical interpretation; contextual source is Item1/MD&A", "notes": "Conceptual explanation/monitoring suggestion. Source citation supplies context; it does not independently verify economic causality, future outcomes or investment merit. Keep separate from verified historical facts." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/cashAdjustments/0/note", "claim": "Company adjusted FCF = proxy FCF less net Section 31 fees collected but not yet remitted. This timing adjustment is shown separately.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Corresponding cash-flow statement/reconciliation and individually checked adjustment value", "notes": "Numerical effect and accounting distinction checked. Statements about distributable cash, recurring earnings, double-counting or what to assess describe analytical treatment rather than issuer-certified conclusions." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/limitations/0", "claim": "Revenue is consistently less transaction-based expenses; gross revenue is not mixed into the growth bridge.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/limitations/1", "claim": "Clearing-member margin deposits are not available corporate cash.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/limitations/2", "claim": "TTM adjusted FCF exceeds the simple proxy because the annual and YTD Section 31 timing adjustments reverse across periods.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/limitations/3", "claim": "Latest reported GAAP earnings include investment-related other income; assess recurring earnings separately.", "verdict": "supported_with_interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Period-matched original statements/metric definitions and historical arithmetic", "notes": "Reported measurement distinctions and arithmetic are supported by individual field checks. Recurrence judgments and monitoring advice remain interpretation; missing/extracted items describe site coverage, not issuer nondisclosure." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/0/metrics/0/note", "claim": "Recurring revenue in Fixed Income and Data Services segment.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-154', 'dims': ['ice:ExchangeDataMember', 'us-gaap:TransferredOverTimeMember', 'ice:FixedIncomeAndDataServicesSegmentMember'], 'startdate': '2021-01-01', 'enddate': '2021-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/0/metrics/1/note", "claim": "Reported Mortgage Technology recurring revenue; Black Knight consolidated from September2023, so2023 is a partial acquisition year and2024 first full year.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-160', 'dims': ['ice:RecurringRevenuesMember', 'us-gaap:TransferredOverTimeMember', 'ice:MortgageTechnologySegmentMember'], 'startdate': '2021-01-01', 'enddate': '2021-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/0/metrics/2/note", "claim": "Exchange data and connectivity services.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-142', 'dims': ['ice:ExchangeDataMember', 'ice:ExchangesSegmentMember', 'us-gaap:TransferredOverTimeMember'], 'startdate': '2021-01-01', 'enddate': '2021-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/0/metrics/3/note", "claim": "Energy futures and options revenue net of transaction-based expenses.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ice-20231231.htm", "locator": "Exchanges segment energy revenue FY2021; us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context c-730; ExchangesSegmentMember + EnergyServiceMember", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/1/metrics/0/note", "claim": "Recurring revenue in Fixed Income and Data Services segment.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ice-20241231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-160', 'dims': ['us-gaap:TransferredOverTimeMember', 'ice:ExchangeDataMember', 'ice:FixedIncomeAndDataServicesSegmentMember'], 'startdate': '2022-01-01', 'enddate': '2022-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/1/metrics/1/note", "claim": "Reported Mortgage Technology recurring revenue; Black Knight consolidated from September2023, so2023 is a partial acquisition year and2024 first full year.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ice-20241231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-166', 'dims': ['us-gaap:TransferredOverTimeMember', 'ice:RecurringRevenuesMember', 'ice:MortgageTechnologySegmentMember'], 'startdate': '2022-01-01', 'enddate': '2022-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/1/metrics/2/note", "claim": "Exchange data and connectivity services.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ice-20241231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-148', 'dims': ['us-gaap:TransferredOverTimeMember', 'ice:ExchangeDataMember', 'ice:ExchangesSegmentMember'], 'startdate': '2022-01-01', 'enddate': '2022-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/1/metrics/3/note", "claim": "Energy futures and options revenue net of transaction-based expenses.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ice-20241231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-718', 'dims': ['ice:EnergyFuturesAndOptionsMember', 'ice:ExchangesSegmentMember'], 'startdate': '2022-01-01', 'enddate': '2022-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/2/metrics/0/note", "claim": "Recurring revenue in Fixed Income and Data Services segment.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-160', 'dims': ['ice:ExchangeDataMember', 'ice:FixedIncomeAndDataServicesSegmentMember', 'us-gaap:TransferredOverTimeMember'], 'startdate': '2023-01-01', 'enddate': '2023-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/2/metrics/1/note", "claim": "Reported Mortgage Technology recurring revenue; Black Knight consolidated from September2023, so2023 is a partial acquisition year and2024 first full year.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-166', 'dims': ['ice:RecurringRevenuesMember', 'ice:MortgageTechnologySegmentMember', 'us-gaap:TransferredOverTimeMember'], 'startdate': '2023-01-01', 'enddate': '2023-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/2/metrics/2/note", "claim": "Exchange data and connectivity services.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-148', 'dims': ['ice:ExchangeDataMember', 'ice:ExchangesSegmentMember', 'us-gaap:TransferredOverTimeMember'], 'startdate': '2023-01-01', 'enddate': '2023-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/2/metrics/3/note", "claim": "Energy futures and options revenue net of transaction-based expenses.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-701', 'dims': ['ice:EnergyFuturesAndOptionsMember', 'ice:ExchangesSegmentMember'], 'startdate': '2023-01-01', 'enddate': '2023-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/3/metrics/0/note", "claim": "Recurring revenue in Fixed Income and Data Services segment.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-159', 'dims': ['ice:ExchangeDataMember', 'ice:FixedIncomeAndDataServicesSegmentMember', 'us-gaap:TransferredOverTimeMember'], 'startdate': '2024-01-01', 'enddate': '2024-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/3/metrics/1/note", "claim": "Reported Mortgage Technology recurring revenue; Black Knight consolidated from September2023, so2023 is a partial acquisition year and2024 first full year.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-165', 'dims': ['ice:RecurringRevenuesMember', 'ice:MortgageTechnologySegmentMember', 'us-gaap:TransferredOverTimeMember'], 'startdate': '2024-01-01', 'enddate': '2024-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/3/metrics/2/note", "claim": "Exchange data and connectivity services.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-147', 'dims': ['ice:ExchangeDataMember', 'ice:ExchangesSegmentMember', 'us-gaap:TransferredOverTimeMember'], 'startdate': '2024-01-01', 'enddate': '2024-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/3/metrics/3/note", "claim": "Energy futures and options revenue net of transaction-based expenses.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-642', 'dims': ['ice:EnergyFuturesAndOptionsMember', 'ice:ExchangesSegmentMember'], 'startdate': '2024-01-01', 'enddate': '2024-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/4/metrics/0/note", "claim": "Recurring revenue in Fixed Income and Data Services segment.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-158', 'dims': ['ice:ExchangeDataMember', 'ice:FixedIncomeAndDataServicesSegmentMember', 'us-gaap:TransferredOverTimeMember'], 'startdate': '2025-01-01', 'enddate': '2025-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/4/metrics/1/note", "claim": "Reported Mortgage Technology recurring revenue; Black Knight consolidated from September2023, so2023 is a partial acquisition year and2024 first full year.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-164', 'dims': ['ice:RecurringRevenuesMember', 'ice:MortgageTechnologySegmentMember', 'us-gaap:TransferredOverTimeMember'], 'startdate': '2025-01-01', 'enddate': '2025-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/4/metrics/2/note", "claim": "Exchange data and connectivity services.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "ice:RevenuesLessTransactionBasedExpenses; {'id': 'c-146', 'dims': ['ice:ExchangeDataMember', 'ice:ExchangesSegmentMember', 'us-gaap:TransferredOverTimeMember'], 'startdate': '2025-01-01', 'enddate': '2025-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ICE/businessHistory/4/metrics/3/note", "claim": "Energy futures and options revenue net of transaction-based expenses.", "verdict": "verified_methodology", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; {'id': 'c-583', 'dims': ['ice:EnergyFuturesAndOptionsMember', 'ice:ExchangesSegmentMember'], 'startdate': '2025-01-01', 'enddate': '2025-12-31'}", "notes": "Annual/Q4/year-end and local-currency/reported scope reviewed for the exact metric and period, alongside source value." }, { "file": "companies/ice.json", "pathOrText": "/disclosures/0/summary", "claim": "Completed-quarter trading activity. These operating statistics do not update Q2 earnings or TTM financial calculations.", "verdict": "verified", "sourceUrl": "https://ir.theice.com/press/news-details/2026/Intercontinental-Exchange-Reports-September-and-Third-Quarter-2026-Statistics/default.aspx", "locator": "Third quarter highlights lines96–118", "notes": "These four values are activity statistics for the completed quarter, distinct from a financial-results release." } ], "corrections": [ { "file": "pershing-data.json", "path": "/holdings/@ICE/economics", "oldValue": "Charges for trading, clearing, data, listings and mortgage-workflow software. Trading liquidity attracts more activity; embedded workflows support subscriptions. Volatility can help exchanges while high rates hurt mortgages. Watch volumes, recurring revenue, mortgage activity and debt.", "newValue": "ICE operates Exchanges, Fixed Income and Data Services, and Mortgage Technology segments. Revenue includes transaction fees, recurring data and connectivity services, listings and mortgage software. This comparison uses revenue less transaction-based expenses and shows software development spending separately from physical capital expenditure.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/sbc", "oldValue": null, "newValue": 268, "reason": "Calculated 238 + 145 - 115 = 268 USDm. Annual source: https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm; source cash-flow adjustment excludes capitalised stock compensation and differs from the stockholders-equity credit.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated cash-flow statements, Stock-based compensation row: FY2025 238m; H1 2026 145m; H1 2025 115m", "period": "TTM ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "Calculated TTM from reported cash-flow statement adjustments", "additionalSources": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Cash-flow statements, Stock-based compensation, FY2025" } ] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/fieldSources/sbc", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "location": "Consolidated cash-flow statements, Stock-based compensation row: FY2025 238m; H1 2026 145m; H1 2025 115m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated cash-flow statements, Stock-based compensation row: FY2025 238m; H1 2026 145m; H1 2025 115m", "period": "TTM ended 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated TTM from reported cash-flow statement adjustments", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/fieldNotes/sbc", "oldValue": null, "newValue": "Calculated FY2025 $238m + H1 2026 $145m − H1 2025 $115m = $268m, using cash-flow statement stock-based compensation. The annual input is from the FY2025 10-K.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated cash-flow statements, Stock-based compensation row: FY2025 238m; H1 2026 145m; H1 2025 115m", "period": "TTM ended 2026-06-30", "currency": null, "units": "text", "accountingBasis": "Calculated TTM from reported cash-flow statement adjustments", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/endShares", "oldValue": null, "newValue": 561, "reason": "Source balance sheet reports 561m outstanding common shares, excluding 94m treasury shares; nearest-million precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common stock row: 655m issued, 561m outstanding, 94m treasury", "period": "Closing balance at 2026-06-30", "currency": null, "units": "million common shares", "accountingBasis": "US GAAP reported closing common shares" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/fieldSources/endShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "location": "Consolidated balance sheet June 30, 2026, common stock row: 655m issued, 561m outstanding, 94m treasury" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common stock row: 655m issued, 561m outstanding, 94m treasury", "period": "Closing balance at 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "US GAAP reported closing common shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/fieldNotes/endShares", "oldValue": null, "newValue": "Source balance sheet reports 561m outstanding common shares, excluding 94m treasury shares; nearest-million precision.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common stock row: 655m issued, 561m outstanding, 94m treasury", "period": "Closing balance at 2026-06-30", "currency": null, "units": "text", "accountingBasis": "US GAAP reported closing common shares", "propertyExisted": false } ], "unresolved": [ "TTM dilutedShares is a reconstructed approximation from rounded annual/YTD weighted averages, not a reported precise denominator; the displayed per-share calculation is explicitly labelled approximate.", "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. The holdings business description has been replaced with filing-based wording; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@ICE/ttm/leasePrincipal" ], "batch": "network-holdings", "name": "Intercontinental Exchange", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "Fresh original-source value audit: verified=160, calculated=29, mismatch=2, not_verified=1. Non-null unverified values=0. 2 numeric null/missing-field backfills proposed from explicit source observations or labelled calculations; no confirmed wrong existing non-null number. Prose interpretations remain separately identified, with a factual holdings-business description replacement proposed.", "originalUnresolved": [ "TTM dilutedShares is a reconstructed approximation from rounded annual/YTD weighted averages, not a reported precise denominator; explicitly label it approximate before using EPS/P-E.", "Economics/why/watch prose includes interpretation, not independently verifiable historical financial facts. Six holdings economics replacement texts provided; individual prose verdicts distinguish definitions/methodology from interpretation.", "Value audit is not an exhaustive announcement-index freshness scan; no source-index completeness claim.", "Retained nulls have specific definition, comparator or precision reasons in individual checks: /companies/@ICE/ttm/leasePrincipal" ], "correctionsApplied": 9, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 161, "calculated": 30, "not_verified": 1 }, "sourceCount": 8 }, { "id": "alc", "status": "partial", "periodsReviewed": [ "2025-01-01/2025-12-31", "2024-01-01/2024-12-31", "FY2025/FY2024", "2021-01-01/2021-12-31", "31 December 2021", "FY2021", "2022-01-01/2022-12-31", "31 December 2022", "FY2022", "2023-01-01/2023-12-31", "31 December 2023", "FY2023", "31 December 2024", "FY2024", "31 December 2025", "FY2025", "H1 2026", "H1 2025", "TTM June 2026", "TTM ended30June2026", "Q2 2026 vs Q2 2025", "Q2 2026" ], "summary": "Completed source review: 154 source checks, 30 arithmetic checks, 8 unverified checks. 37 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none", "period": "2025-01-01/2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-data.json", "path": "/holdings/@ALC/revenue", "value": 10319, "status": "verified", "sourceValue": 10319.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "IFRS" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/4/revenue", "value": 10319, "status": "verified", "sourceValue": 10319.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "IFRS" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/annual/revenue", "value": 10319, "status": "verified", "sourceValue": 10319.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "IFRS" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttmInputs/revenue/0", "value": 10319, "status": "verified", "sourceValue": 10319, "notes": "Identical dated input to the independently compared annual/interim observation /companies/@ALC/annual/revenue", "unit": "USD million", "currency": "USD", "accountingBasis": "IFRS" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none", "period": "2024-01-01/2024-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-data.json", "path": "/holdings/@ALC/priorRevenue", "value": 9836, "status": "verified", "sourceValue": 9836.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "IFRS" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/3/revenue", "value": 9836, "status": "verified", "sourceValue": 9836.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "IFRS" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashFlowsFromUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; 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calculation where specified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ytd/current/sbc", "value": 87, "sourceValue": 87, "reviewedSnapshotValue": null, "correctedOn": "2026-10-21", "status": "verified", "notes": "Mirror the already verified input to the current/prior YTD row consumed by the cash-flow components table." } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS noncash equity-based compensation cash-flow adjustment", "statementStatus": "Original statement status retained; calculation where specified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ytd/prior/sbc", "value": 77, "sourceValue": 77, "reviewedSnapshotValue": null, "correctedOn": "2026-10-21", "status": "verified", "notes": "Mirror the already verified input to the current/prior YTD row consumed by the cash-flow components table." } ] } ], "claims": [ { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/cashAdjustments/1/label", "claim": "PowerVision discontinuation post-tax noncash charge", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 2026 release, Operating income and Diluted earnings per share discussions, pp.3–5", "notes": "USD287m is explicitly post-tax and noncash; the pretax net charge was USD402m. Existing note is correct; make the label equally explicit.", "originalClaim": "PowerVision discontinuation net charge" }, { "file": "pershing-data.json", "pathOrText": "/holdings/@ALC/economics", "claim": "Sells surgical equipment, lenses, consumables and contact lenses. Surgeon familiarity and installed machines support repeat purchases. Equipment placements lead to consumable sales, but launch costs and competition can absorb growth. Watch procedures, product mix, margins and cash conversion.", "verdict": "supported_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Item 4 Information on the Company: Surgical and Vision Care; competitive strengths and risk factors", "notes": "Product categories and installed-equipment consumables cross-promotion are disclosed. Surgeon familiarity and repeat demand are reasonable operating-model inferences; no quantified moat or guaranteed growth claimed." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@ALC/note", "claim": "Company non-IFRS EBITDA includes impairment and right-of-use adjustments. Company FCF adds $5m of PP&E-sale proceeds. P/FCF is unfilled because a verified market-cap snapshot was unavailable.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Non-IFRS definitions / EBITDA and FCF reconciliations", "notes": "EBITDA includes impairment and right-of-use depreciation adjustments; FCF adds 5m disposal cash. Market-cap availability is an internal UI/data limitation, not a filing claim." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/latestMetrics/0/explanation", "claim": { "meaning": "Sales of supplies used during eye operations.", "why": "Procedures create repeated demand after equipment has been installed.", "watch": "Separate procedure growth, prices and currency changes." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/latestMetrics/1/explanation", "claim": { "meaning": "Sales of surgical machines and related products.", "why": "Installing machines can create future demand for compatible consumables.", "watch": "Launch demand may be uneven; check whether later consumables sales follow." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/latestMetrics/2/explanation", "claim": { "meaning": "Revenue from contact lenses.", "why": "People replace lenses regularly, supporting repeat purchases.", "watch": "Product mix, customer retention, competition and pricing." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/latestMetrics/3/explanation", "claim": { "meaning": "Operating profit left from each dollar of sales.", "why": "Sales growth is useful only if the business can retain worthwhile profit.", "watch": "The PowerVision discontinuation charge depressed this quarter; reconcile with cash flow and core results." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/latestMetrics/4/explanation", "claim": { "meaning": "Operating margin after company-selected exclusions.", "why": "It helps examine underlying operations when charges distort reported results.", "watch": "Read every exclusion; recurring costs should not disappear from your long-term assessment." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/limitations/0", "claim": "Financial statements use IFRS. Company core earnings and EBITDA have their own adjustments.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Accounting policies and non-IFRS definitions", "notes": "Financial statements are IFRS. Core earnings/EBITDA are company non-IFRS definitions." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/limitations/1", "claim": "FCF proxy subtracts reported cash PP&E purchases. Cash software investment is not separately verified and remains null. TTM lease principal is separately calculated as FY2025 plus H1 2026 less H1 2025; it is not deducted in the stated OCF-minus-PP&E FCF proxy.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18", "notes": "Lease principal is now verified; retain the genuinely unresolved cash-software split and preserve the defined FCF measure.", "originalClaim": "FCF proxy subtracts reported cash PP&E purchases. Separate software and lease-principal amounts were not verified, so those fields remain null." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/limitations/2", "claim": "Reported earnings were affected by a noncash product discontinuation charge; no unexplained normalised earnings estimate replaces the reported number.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Operating income discussion pp.3–4; EPS discussion p.5", "notes": "The disclosed PowerVision charge is USD402m pretax and USD287m post-tax, both noncash; the site retains reported earnings." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@ALC", "claim": { "comparedFields": [ "/holdings/@ALC/revenue", "/holdings/@ALC/priorRevenue", "/holdings/@ALC/ocf", "/holdings/@ALC/priorOcf", "/holdings/@ALC/capex", "/holdings/@ALC/priorCapex", "/holdings/@ALC/eps", "/holdings/@ALC/companyEbitda", "/holdings/@ALC/companyFcf", "/holdings/@ALC/priorCompanyFcf" ], "periods": [ "2025-01-01/2025-12-31", "2024-01-01/2024-12-31", "FY2025/FY2024" ], "comparedValues": [ { "path": "/holdings/@ALC/revenue", "siteValue": 10319, "sourceValue": 10319.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@ALC/priorRevenue", "siteValue": 9836, "sourceValue": 9836.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/holdings/@ALC/ocf", "siteValue": 2271, "sourceValue": 2271.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashFlowsFromUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@ALC/priorOcf", "siteValue": 2077, "sourceValue": 2077.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashFlowsFromUsedInOperatingActivities; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/holdings/@ALC/capex", "siteValue": 543, "sourceValue": 543.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@ALC/priorCapex", "siteValue": 473, "sourceValue": 473.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/holdings/@ALC/eps", "siteValue": 1.98, "sourceValue": 1.98, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:DilutedEarningsLossPerShare; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@ALC/companyEbitda", "siteValue": 2677, "sourceValue": 2677, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "FY2025 release EBITDA and FCF reconciliations" }, { "path": "/holdings/@ALC/companyFcf", "siteValue": 1733, "sourceValue": 1733, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "FY2025 release EBITDA and FCF reconciliations" }, { "path": "/holdings/@ALC/priorCompanyFcf", "siteValue": 1604, "sourceValue": 1604, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "FY2025 release EBITDA and FCF reconciliations" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/history", "claim": { "comparedFields": [ "/companies/@ALC/history/0/revenue", "/companies/@ALC/history/0/ocf", "/companies/@ALC/history/0/capex", "/companies/@ALC/history/0/netIncome", "/companies/@ALC/history/0/operatingIncome", "/companies/@ALC/history/0/sbc", "/companies/@ALC/history/0/dilutedShares", "/companies/@ALC/history/0/eps", "/companies/@ALC/history/0/equity", "/companies/@ALC/history/0/cash", "/companies/@ALC/history/0/periodEndShares", "/companies/@ALC/history/0/debt", "/companies/@ALC/history/0/netDebt", "/companies/@ALC/history/0/fcf", "/companies/@ALC/history/0/bookValuePS", "/companies/@ALC/history/1/revenue", "/companies/@ALC/history/1/ocf", "/companies/@ALC/history/1/capex", "/companies/@ALC/history/1/netIncome", "/companies/@ALC/history/1/operatingIncome", "/companies/@ALC/history/1/sbc", "/companies/@ALC/history/1/dilutedShares", "/companies/@ALC/history/1/eps", "/companies/@ALC/history/1/equity", "/companies/@ALC/history/1/cash", "/companies/@ALC/history/1/periodEndShares", "/companies/@ALC/history/1/debt", "/companies/@ALC/history/1/netDebt", "/companies/@ALC/history/1/fcf", "/companies/@ALC/history/1/bookValuePS", "/companies/@ALC/history/2/revenue", "/companies/@ALC/history/2/ocf", "/companies/@ALC/history/2/capex", "/companies/@ALC/history/2/netIncome", "/companies/@ALC/history/2/operatingIncome", "/companies/@ALC/history/2/sbc", "/companies/@ALC/history/2/dilutedShares", "/companies/@ALC/history/2/eps", "/companies/@ALC/history/2/equity", "/companies/@ALC/history/2/cash", "/companies/@ALC/history/2/periodEndShares", "/companies/@ALC/history/2/debt", "/companies/@ALC/history/2/netDebt", "/companies/@ALC/history/2/fcf", "/companies/@ALC/history/2/bookValuePS", "/companies/@ALC/history/3/revenue", "/companies/@ALC/history/3/ocf", "/companies/@ALC/history/3/capex", "/companies/@ALC/history/3/netIncome", "/companies/@ALC/history/3/operatingIncome", "/companies/@ALC/history/3/sbc", "/companies/@ALC/history/3/dilutedShares", "/companies/@ALC/history/3/eps", "/companies/@ALC/history/3/equity", "/companies/@ALC/history/3/cash", "/companies/@ALC/history/3/periodEndShares", "/companies/@ALC/history/3/debt", "/companies/@ALC/history/3/netDebt", "/companies/@ALC/history/3/fcf", "/companies/@ALC/history/3/bookValuePS", "/companies/@ALC/history/4/revenue", "/companies/@ALC/history/4/ocf", "/companies/@ALC/history/4/capex", "/companies/@ALC/history/4/netIncome", "/companies/@ALC/history/4/operatingIncome", "/companies/@ALC/history/4/sbc", "/companies/@ALC/history/4/dilutedShares", "/companies/@ALC/history/4/eps", "/companies/@ALC/history/4/equity", "/companies/@ALC/history/4/cash", "/companies/@ALC/history/4/periodEndShares", "/companies/@ALC/history/4/buybacksCash", "/companies/@ALC/history/4/debt", "/companies/@ALC/history/4/netDebt", "/companies/@ALC/history/4/fcf", "/companies/@ALC/history/4/bookValuePS" ], "periods": [ "2021-01-01/2021-12-31", "31 December 2021", "FY2021", "2022-01-01/2022-12-31", "31 December 2022", "FY2022", "2023-01-01/2023-12-31", "31 December 2023", "FY2023", "2024-01-01/2024-12-31", "31 December 2024", "FY2024", "2025-01-01/2025-12-31", "31 December 2025", "FY2025" ], "comparedValues": [ { "path": "/companies/@ALC/history/0/revenue", "siteValue": 8222, "sourceValue": 8222.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@ALC/history/0/ocf", "siteValue": 1345, "sourceValue": 1345.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:CashFlowsFromUsedInOperatingActivities; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@ALC/history/0/capex", "siteValue": 700, "sourceValue": 700.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@ALC/history/0/netIncome", "siteValue": 376, "sourceValue": 376.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLoss; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@ALC/history/0/operatingIncome", "siteValue": 580, "sourceValue": 580.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLossFromOperatingActivities; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@ALC/history/0/sbc", "siteValue": 138, "sourceValue": 138.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@ALC/history/0/dilutedShares", "siteValue": 493.4, "sourceValue": 493.4, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:AdjustedWeightedAverageShares; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@ALC/history/0/eps", "siteValue": 0.76, "sourceValue": 0.76, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:DilutedEarningsLossPerShare; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@ALC/history/0/equity", "siteValue": 19256, "sourceValue": 19256.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:Equity; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@ALC/history/0/cash", "siteValue": 1575, "sourceValue": 1575.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:CashAndCashEquivalents; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@ALC/history/0/periodEndShares", "siteValue": 490.1, "sourceValue": 490.1, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/history/0/debt", "siteValue": 4080, "sourceValue": 4080, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/history/0/netDebt", "siteValue": 2505, "sourceValue": 2505, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/0/fcf", "siteValue": 645, "sourceValue": 645, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm", "locator": "Consolidated Statements of Cash Flows; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/0/bookValuePS", "siteValue": 39.289940828402365, "sourceValue": 39.289940828402365, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/1/revenue", "siteValue": 8654, "sourceValue": 8654.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@ALC/history/1/ocf", "siteValue": 1217, "sourceValue": 1217.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:CashFlowsFromUsedInOperatingActivities; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@ALC/history/1/capex", "siteValue": 636, "sourceValue": 636.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@ALC/history/1/netIncome", "siteValue": 335, "sourceValue": 335.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLoss; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@ALC/history/1/operatingIncome", "siteValue": 672, "sourceValue": 672.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLossFromOperatingActivities; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@ALC/history/1/sbc", "siteValue": 140, "sourceValue": 140.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@ALC/history/1/dilutedShares", "siteValue": 494.4, "sourceValue": 494.4, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:AdjustedWeightedAverageShares; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@ALC/history/1/eps", "siteValue": 0.68, "sourceValue": 0.68, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:DilutedEarningsLossPerShare; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@ALC/history/1/equity", "siteValue": 19677, "sourceValue": 19677.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:Equity; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@ALC/history/1/cash", "siteValue": 980, "sourceValue": 980.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Inline-XBRL ifrs-full:CashAndCashEquivalents; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@ALC/history/1/periodEndShares", "siteValue": 491.8, "sourceValue": 491.8, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/history/1/debt", "siteValue": 4648, "sourceValue": 4648, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/history/1/netDebt", "siteValue": 3668, "sourceValue": 3668, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/1/fcf", "siteValue": 581, "sourceValue": 581, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Consolidated Statements of Cash Flows; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/1/bookValuePS", "siteValue": 40.010166734444894, "sourceValue": 40.010166734444894, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/2/revenue", "siteValue": 9370, "sourceValue": 9370.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@ALC/history/2/ocf", "siteValue": 1388, "sourceValue": 1388.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashFlowsFromUsedInOperatingActivities; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@ALC/history/2/capex", "siteValue": 658, "sourceValue": 658.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@ALC/history/2/netIncome", "siteValue": 974, "sourceValue": 974.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLoss; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@ALC/history/2/operatingIncome", "siteValue": 1039, "sourceValue": 1039.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLossFromOperatingActivities; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@ALC/history/2/sbc", "siteValue": 144, "sourceValue": 144.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@ALC/history/2/dilutedShares", "siteValue": 496.5, "sourceValue": 496.5, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:AdjustedWeightedAverageShares; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@ALC/history/2/eps", "siteValue": 1.96, "sourceValue": 1.96, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:DilutedEarningsLossPerShare; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@ALC/history/2/equity", "siteValue": 20624, "sourceValue": 20624.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:Equity; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@ALC/history/2/cash", "siteValue": 1094, "sourceValue": 1094.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashAndCashEquivalents; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@ALC/history/2/periodEndShares", "siteValue": 493.2, "sourceValue": 493.2, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/history/2/debt", "siteValue": 4739, "sourceValue": 4739, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/history/2/netDebt", "siteValue": 3645, "sourceValue": 3645, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/2/fcf", "siteValue": 730, "sourceValue": 730, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Consolidated Statements of Cash Flows; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/2/bookValuePS", "siteValue": 41.816707218167075, "sourceValue": 41.816707218167075, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/3/revenue", "siteValue": 9836, "sourceValue": 9836.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@ALC/history/3/ocf", "siteValue": 2077, "sourceValue": 2077.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashFlowsFromUsedInOperatingActivities; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@ALC/history/3/capex", "siteValue": 473, "sourceValue": 473.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@ALC/history/3/netIncome", "siteValue": 1018, "sourceValue": 1018.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLoss; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@ALC/history/3/operatingIncome", "siteValue": 1413, "sourceValue": 1413.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLossFromOperatingActivities; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@ALC/history/3/sbc", "siteValue": 150, "sourceValue": 150.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@ALC/history/3/dilutedShares", "siteValue": 497.5, "sourceValue": 497.5, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:AdjustedWeightedAverageShares; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@ALC/history/3/eps", "siteValue": 2.05, "sourceValue": 2.05, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:DilutedEarningsLossPerShare; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@ALC/history/3/equity", "siteValue": 21553, "sourceValue": 21553.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:Equity; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@ALC/history/3/cash", "siteValue": 1676, "sourceValue": 1676.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashAndCashEquivalents; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@ALC/history/3/periodEndShares", "siteValue": 494.6, "sourceValue": 494.6, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/history/3/debt", "siteValue": 4643, "sourceValue": 4643, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/history/3/netDebt", "siteValue": 2967, "sourceValue": 2967, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/3/fcf", "siteValue": 1604, "sourceValue": 1604, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Statements of Cash Flows; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/3/bookValuePS", "siteValue": 43.576627577840675, "sourceValue": 43.576627577840675, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/4/revenue", "siteValue": 10319, "sourceValue": 10319.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/ocf", "siteValue": 2271, "sourceValue": 2271.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashFlowsFromUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/capex", "siteValue": 543, "sourceValue": 543.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/netIncome", "siteValue": 980, "sourceValue": 980.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLoss; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/operatingIncome", "siteValue": 1360, "sourceValue": 1360.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLossFromOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/sbc", "siteValue": 162, "sourceValue": 162.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/dilutedShares", "siteValue": 496.2, "sourceValue": 496.2, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:AdjustedWeightedAverageShares; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/eps", "siteValue": 1.98, "sourceValue": 1.98, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:DilutedEarningsLossPerShare; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/equity", "siteValue": 22035, "sourceValue": 22035.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:Equity; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/cash", "siteValue": 1527, "sourceValue": 1527.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashAndCashEquivalents; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/periodEndShares", "siteValue": 487.4, "sourceValue": 487.4, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/history/4/buybacksCash", "siteValue": 682, "sourceValue": 682.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfTreasuryShares; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/history/4/debt", "siteValue": 4737, "sourceValue": 4737, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/history/4/netDebt", "siteValue": 3210, "sourceValue": 3210, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/4/fcf", "siteValue": 1728, "sourceValue": 1728, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Statements of Cash Flows; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/history/4/bookValuePS", "siteValue": 45.209273697168655, "sourceValue": 45.209273697168655, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/annual", "claim": { "comparedFields": [ "/companies/@ALC/annual/revenue", "/companies/@ALC/annual/ocf", "/companies/@ALC/annual/capex", "/companies/@ALC/annual/netIncome", "/companies/@ALC/annual/operatingIncome", "/companies/@ALC/annual/dilutedShares", "/companies/@ALC/annual/fcf", "/companies/@ALC/annual/companyFcf", "/companies/@ALC/annual/periodEndShares", "/companies/@ALC/annual/bookValuePS", "/companies/@ALC/annual/cash", "/companies/@ALC/annual/debt", "/companies/@ALC/annual/netDebt", "/companies/@ALC/annual/buybacksCash" ], "periods": [ "2025-01-01/2025-12-31", "FY2025", "31 December 2025" ], "comparedValues": [ { "path": "/companies/@ALC/annual/revenue", "siteValue": 10319, "sourceValue": 10319.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/annual/ocf", "siteValue": 2271, "sourceValue": 2271.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashFlowsFromUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/annual/capex", "siteValue": 543, "sourceValue": 543.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/annual/netIncome", "siteValue": 980, "sourceValue": 980.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLoss; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/annual/operatingIncome", "siteValue": 1360, "sourceValue": 1360.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLossFromOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/annual/dilutedShares", "siteValue": 496.2, "sourceValue": 496.2, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:AdjustedWeightedAverageShares; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/annual/fcf", "siteValue": 1728, "sourceValue": 1728, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/annual/companyFcf", "siteValue": 1733, "sourceValue": 1733, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "FCF reconciliation" }, { "path": "/companies/@ALC/annual/periodEndShares", "siteValue": 487.4, "sourceValue": 487.4, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/annual/bookValuePS", "siteValue": 45.209273697168655, "sourceValue": 45.209273697168655, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/annual/cash", "siteValue": 1527, "sourceValue": 1527.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashAndCashEquivalents; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/annual/debt", "siteValue": 4737, "sourceValue": 4737, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Notes 9/16: common shares outstanding (excludes treasury); total current and noncurrent financial debts" }, { "path": "/companies/@ALC/annual/netDebt", "siteValue": 3210, "sourceValue": 3210, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF minus cash PP&E, debt minus cash, or common equity divided by closing common shares. Financial debt excludes separately reported lease liabilities." }, { "path": "/companies/@ALC/annual/buybacksCash", "siteValue": 682, "sourceValue": 682.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfTreasuryShares; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/ytd", "claim": { "comparedFields": [ "/companies/@ALC/ytd/current/revenue", "/companies/@ALC/ytd/current/ocf", "/companies/@ALC/ytd/current/capex", "/companies/@ALC/ytd/current/netIncome", "/companies/@ALC/ytd/current/operatingIncome", "/companies/@ALC/ytd/current/dilutedShares", "/companies/@ALC/ytd/current/fcf", "/companies/@ALC/ytd/current/companyFcf", "/companies/@ALC/ytd/prior/revenue", "/companies/@ALC/ytd/prior/ocf", "/companies/@ALC/ytd/prior/capex", "/companies/@ALC/ytd/prior/netIncome", "/companies/@ALC/ytd/prior/operatingIncome", "/companies/@ALC/ytd/prior/dilutedShares", "/companies/@ALC/ytd/prior/fcf", "/companies/@ALC/ytd/prior/companyFcf" ], "periods": [ "H1 2026", "H1 2025" ], "comparedValues": [ { "path": "/companies/@ALC/ytd/current/revenue", "siteValue": 5467, "sourceValue": 5467, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/current/ocf", "siteValue": 928, "sourceValue": 928, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/current/capex", "siteValue": 235, "sourceValue": 235, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/current/netIncome", "siteValue": 189, "sourceValue": 189, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/current/operatingIncome", "siteValue": 303, "sourceValue": 303, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/current/dilutedShares", "siteValue": 489.4, "sourceValue": 489.4, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/current/fcf", "siteValue": 693, "sourceValue": 693, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/current/companyFcf", "siteValue": 693, "sourceValue": 693, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/prior/revenue", "siteValue": 5028, "sourceValue": 5028, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/prior/ocf", "siteValue": 889, "sourceValue": 889, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/prior/capex", "siteValue": 208, "sourceValue": 208, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/prior/netIncome", "siteValue": 526, "sourceValue": 526, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/prior/operatingIncome", "siteValue": 715, "sourceValue": 715, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/prior/dilutedShares", "siteValue": 497.9, "sourceValue": 497.9, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/prior/fcf", "siteValue": 681, "sourceValue": 681, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ytd/prior/companyFcf", "siteValue": 681, "sourceValue": 681, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/ttm", "claim": { "comparedFields": [ "/companies/@ALC/ttm/revenue", "/companies/@ALC/ttm/ocf", "/companies/@ALC/ttm/capex", "/companies/@ALC/ttm/netIncome", "/companies/@ALC/ttm/operatingIncome", "/companies/@ALC/ttm/dilutedShares", "/companies/@ALC/ttm/fcf", "/companies/@ALC/ttm/companyFcf" ], "periods": [ "TTM June 2026" ], "comparedValues": [ { "path": "/companies/@ALC/ttm/revenue", "siteValue": 10758, "sourceValue": 10758, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025, matching units/basis" }, { "path": "/companies/@ALC/ttm/ocf", "siteValue": 2310, "sourceValue": 2310, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025, matching units/basis" }, { "path": "/companies/@ALC/ttm/capex", "siteValue": 570, "sourceValue": 570, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025, matching units/basis" }, { "path": "/companies/@ALC/ttm/netIncome", "siteValue": 643, "sourceValue": 643, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025, matching units/basis" }, { "path": "/companies/@ALC/ttm/operatingIncome", "siteValue": 948, "sourceValue": 948, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025, matching units/basis" }, { "path": "/companies/@ALC/ttm/dilutedShares", "siteValue": 491.95, "sourceValue": 491.95, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. Equal-half-year weighted share proxy; approximate due to different day counts and period dilution effects." }, { "path": "/companies/@ALC/ttm/fcf", "siteValue": 1740, "sourceValue": 1740, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025, matching units/basis" }, { "path": "/companies/@ALC/ttm/companyFcf", "siteValue": 1745, "sourceValue": 1745, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025, matching units/basis" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/ttmInputs", "claim": { "comparedFields": [ "/companies/@ALC/ttmInputs/revenue/0", "/companies/@ALC/ttmInputs/revenue/1", "/companies/@ALC/ttmInputs/revenue/2", "/companies/@ALC/ttmInputs/ocf/0", "/companies/@ALC/ttmInputs/ocf/1", "/companies/@ALC/ttmInputs/ocf/2", "/companies/@ALC/ttmInputs/capex/0", "/companies/@ALC/ttmInputs/capex/1", "/companies/@ALC/ttmInputs/capex/2", "/companies/@ALC/ttmInputs/netIncome/0", "/companies/@ALC/ttmInputs/netIncome/1", "/companies/@ALC/ttmInputs/netIncome/2" ], "periods": [ "2025-01-01/2025-12-31", "H1 2026", "H1 2025" ], "comparedValues": [ { "path": "/companies/@ALC/ttmInputs/revenue/0", "siteValue": 10319, "sourceValue": 10319, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:RevenueFromContractsWithCustomers; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/ttmInputs/revenue/1", "siteValue": 5467, "sourceValue": 5467, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ttmInputs/revenue/2", "siteValue": 5028, "sourceValue": 5028, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ttmInputs/ocf/0", "siteValue": 2271, "sourceValue": 2271, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:CashFlowsFromUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/ttmInputs/ocf/1", "siteValue": 928, "sourceValue": 928, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ttmInputs/ocf/2", "siteValue": 889, "sourceValue": 889, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ttmInputs/capex/0", "siteValue": 543, "sourceValue": 543, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/ttmInputs/capex/1", "siteValue": 235, "sourceValue": 235, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ttmInputs/capex/2", "siteValue": 208, "sourceValue": 208, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ttmInputs/netIncome/0", "siteValue": 980, "sourceValue": 980, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Inline-XBRL ifrs-full:ProfitLoss; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@ALC/ttmInputs/netIncome/1", "siteValue": 189, "sourceValue": 189, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" }, { "path": "/companies/@ALC/ttmInputs/netIncome/2", "siteValue": 526, "sourceValue": 526, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "H1 columns: results, core reconciliation and FCF reconciliation" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/latestMetrics", "claim": { "comparedFields": [ "/companies/@ALC/latestMetrics/0/value", "/companies/@ALC/latestMetrics/0/prior", "/companies/@ALC/latestMetrics/1/value", "/companies/@ALC/latestMetrics/1/prior", "/companies/@ALC/latestMetrics/2/value", "/companies/@ALC/latestMetrics/2/prior", "/companies/@ALC/latestMetrics/3/value", "/companies/@ALC/latestMetrics/3/prior", "/companies/@ALC/latestMetrics/4/value", "/companies/@ALC/latestMetrics/4/prior" ], "periods": [ "Q2 2026 vs Q2 2025" ], "comparedValues": [ { "path": "/companies/@ALC/latestMetrics/0/value", "siteValue": 825, "sourceValue": 825, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables" }, { "path": "/companies/@ALC/latestMetrics/0/prior", "siteValue": 777, "sourceValue": 777, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables" }, { "path": "/companies/@ALC/latestMetrics/1/value", "siteValue": 279, "sourceValue": 279, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables" }, { "path": "/companies/@ALC/latestMetrics/1/prior", "siteValue": 222, "sourceValue": 222, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables" }, { "path": "/companies/@ALC/latestMetrics/2/value", "siteValue": 726, "sourceValue": 726, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables" }, { "path": "/companies/@ALC/latestMetrics/2/prior", "siteValue": 692, "sourceValue": 692, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables" }, { "path": "/companies/@ALC/latestMetrics/3/value", "siteValue": 0.4, "sourceValue": 0.4, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables" }, { "path": "/companies/@ALC/latestMetrics/3/prior", "siteValue": 9.6, "sourceValue": 9.6, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables" }, { "path": "/companies/@ALC/latestMetrics/4/value", "siteValue": 20.6, "sourceValue": 20.6, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables" }, { "path": "/companies/@ALC/latestMetrics/4/prior", "siteValue": 19.1, "sourceValue": 19.1, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 product sales / operating and core margin tables" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/cashAdjustments", "claim": { "comparedFields": [ "/companies/@ALC/cashAdjustments/0/annual2025", "/companies/@ALC/cashAdjustments/0/current", "/companies/@ALC/cashAdjustments/0/prior", "/companies/@ALC/cashAdjustments/1/value" ], "periods": [ "FY2025", "H1 2026", "H1 2025", "Q2 2026" ], "comparedValues": [ { "path": "/companies/@ALC/cashAdjustments/0/annual2025", "siteValue": 5, "sourceValue": 5, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "FY2025 release p.18: Free Cash Flow reconciliation, proceeds from sale of property, plant and equipment" }, { "path": "/companies/@ALC/cashAdjustments/0/current", "siteValue": 0, "sourceValue": 0, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 release p.20: Free Cash Flow reconciliation, six-month columns" }, { "path": "/companies/@ALC/cashAdjustments/0/prior", "siteValue": 0, "sourceValue": 0, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 release p.20: Free Cash Flow reconciliation, six-month columns" }, { "path": "/companies/@ALC/cashAdjustments/1/value", "siteValue": 287, "sourceValue": 287, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "PowerVision discontinuation / net income reconciliation" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@ALC/businessHistory", "claim": { "comparedFields": [ "/companies/@ALC/businessHistory/0/metrics/0/value", "/companies/@ALC/businessHistory/0/metrics/1/value", "/companies/@ALC/businessHistory/0/metrics/2/value", "/companies/@ALC/businessHistory/0/metrics/3/value", "/companies/@ALC/businessHistory/0/metrics/4/value", "/companies/@ALC/businessHistory/1/metrics/0/value", "/companies/@ALC/businessHistory/1/metrics/1/value", "/companies/@ALC/businessHistory/1/metrics/2/value", "/companies/@ALC/businessHistory/1/metrics/3/value", "/companies/@ALC/businessHistory/1/metrics/4/value", "/companies/@ALC/businessHistory/2/metrics/0/value", "/companies/@ALC/businessHistory/2/metrics/1/value", "/companies/@ALC/businessHistory/2/metrics/2/value", "/companies/@ALC/businessHistory/2/metrics/3/value", "/companies/@ALC/businessHistory/2/metrics/4/value", "/companies/@ALC/businessHistory/3/metrics/0/value", "/companies/@ALC/businessHistory/3/metrics/1/value", "/companies/@ALC/businessHistory/3/metrics/2/value", "/companies/@ALC/businessHistory/3/metrics/3/value", "/companies/@ALC/businessHistory/3/metrics/4/value", "/companies/@ALC/businessHistory/4/metrics/0/value", "/companies/@ALC/businessHistory/4/metrics/1/value", "/companies/@ALC/businessHistory/4/metrics/2/value", "/companies/@ALC/businessHistory/4/metrics/3/value", "/companies/@ALC/businessHistory/4/metrics/4/value" ], "periods": [ "FY2021", "FY2022", "FY2023", "FY2024", "FY2025" ], "comparedValues": [ { "path": "/companies/@ALC/businessHistory/0/metrics/0/value", "siteValue": 2388, "sourceValue": 2388, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/0/metrics/1/value", "siteValue": 793, "sourceValue": 793, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/0/metrics/2/value", "siteValue": 2139, "sourceValue": 2139, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/0/metrics/3/value", "siteValue": 7.1, "sourceValue": 7.1, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/0/metrics/4/value", "siteValue": 17.6, "sourceValue": 17.6, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/1/metrics/0/value", "siteValue": 2499, "sourceValue": 2499, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/1/metrics/1/value", "siteValue": 821, "sourceValue": 821, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/1/metrics/2/value", "siteValue": 2192, "sourceValue": 2192, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/1/metrics/3/value", "siteValue": 7.8, "sourceValue": 7.8, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/1/metrics/4/value", "siteValue": 18.2, "sourceValue": 18.2, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/2/metrics/0/value", "siteValue": 2719, "sourceValue": 2719, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/2/metrics/1/value", "siteValue": 892, "sourceValue": 892, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/2/metrics/2/value", "siteValue": 2400, "sourceValue": 2400, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/2/metrics/3/value", "siteValue": 11.1, "sourceValue": 11.1, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/2/metrics/4/value", "siteValue": 19.7, "sourceValue": 19.7, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/3/metrics/0/value", "siteValue": 2861, "sourceValue": 2861, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/3/metrics/1/value", "siteValue": 886, "sourceValue": 886, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/3/metrics/2/value", "siteValue": 2609, "sourceValue": 2609, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/3/metrics/3/value", "siteValue": 14.4, "sourceValue": 14.4, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/3/metrics/4/value", "siteValue": 20.6, "sourceValue": 20.6, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/4/metrics/0/value", "siteValue": 3028, "sourceValue": 3028, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/4/metrics/1/value", "siteValue": 941, "sourceValue": 941, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/4/metrics/2/value", "siteValue": 2770, "sourceValue": 2770, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/4/metrics/3/value", "siteValue": 13.2, "sourceValue": 13.2, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Annual product sales; reported/core operating margins" }, { "path": "/companies/@ALC/businessHistory/4/metrics/4/value", "siteValue": 19.8, "sourceValue": 19.8, "status": "verified", "sourceUrl": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "locator": "Annual product sales; reported/core operating margins" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." } ], "corrections": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/cashAdjustments/1/label", "oldValue": "PowerVision discontinuation net charge", "newValue": "PowerVision discontinuation post-tax noncash charge", "reason": "USD287m is explicitly post-tax and noncash; the pretax net charge was USD402m. Existing note is correct; make the label equally explicit.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 2026 release, Operating income and Diluted earnings per share discussions, pp.3–5", "period": "Q2 2026", "currency": null, "units": "text label or scope note", "accountingBasis": "IFRS post-tax noncash expense" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/cashAdjustments/0/note", "oldValue": "The site proxy excludes disposal proceeds. Company FCF includes them, leaving a $5m TTM difference.", "newValue": "The site proxy excludes disposal proceeds. Company FCF adds $5m in FY2025. H1 2026 and H1 2025 show no separate proceeds line; the displayed zeros are residuals of the rounded FCF bridges, leaving a $5m calculated TTM difference.", "reason": "H1 zero proceeds are inferred only at whole-USD-million reporting precision; they are not independently reported exact zero cash receipts.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 release p.20 Free Cash Flow reconciliation; FY2025 release p.18", "period": "FY2025 and H1 2026/2025", "currency": null, "units": "text label or scope note", "accountingBasis": "Company non-IFRS FCF; calculated bridge residual" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/0/buybacksCash", "oldValue": null, "newValue": 0, "reason": "Replace explicitly unverified gap with primary-sourced observation. Issuer explicitly states that neither it nor affiliated purchasers bought ordinary shares during FY2021. Employee tax withholding payments are a separate cash-flow item, not buybacks.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737922000011/alc-20211231.htm", "locator": "FY2021 Form20-F Item16E, p.152", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS financing cash flow; issuer share repurchases", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/0/fieldNotes/buybacksCash", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Issuer explicitly states that neither it nor affiliated purchasers bought ordinary shares during FY2021. Employee tax withholding payments are a separate cash-flow item, not buybacks.", "reason": "Gap is now independently resolved; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737922000011/alc-20211231.htm", "locator": "FY2021 Form20-F Item16E, p.152", "period": "FY2021", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/1/buybacksCash", "oldValue": null, "newValue": 0, "reason": "Replace explicitly unverified gap with primary-sourced observation. Issuer explicitly states that neither it nor affiliated purchasers bought ordinary shares during FY2022. Employee tax withholding is separate.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm", "locator": "FY2022 Form20-F Item16E, p.151", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS financing cash flow; issuer share repurchases", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/1/fieldNotes/buybacksCash", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Issuer explicitly states that neither it nor affiliated purchasers bought ordinary shares during FY2022. Employee tax withholding is separate.", "reason": "Gap is now independently resolved; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm", "locator": "FY2022 Form20-F Item16E, p.151", "period": "FY2022", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/2/buybacksCash", "oldValue": null, "newValue": 0, "reason": "Replace explicitly unverified gap with primary-sourced observation. Reported as a dash at whole-USD-million precision. FY2023 Item16E separately lists3000 affiliated-purchaser shares at USD64.77 average; zero here is the rounded consolidated cash-flow line, not an assertion of exactly zero every affiliated purchase.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Consolidated Statement of Cash Flows, FY2023 comparative, Payments for acquisition of treasury shares", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS financing cash flow; issuer share repurchases", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/2/fieldNotes/buybacksCash", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Reported as a dash at whole-USD-million precision. FY2023 Item16E separately lists3000 affiliated-purchaser shares at USD64.77 average; zero here is the rounded consolidated cash-flow line, not an assertion of exactly zero every affiliated purchase.", "reason": "Gap is now independently resolved; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Consolidated Statement of Cash Flows, FY2023 comparative, Payments for acquisition of treasury shares", "period": "FY2023", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/3/buybacksCash", "oldValue": null, "newValue": 0, "reason": "Replace explicitly unverified gap with primary-sourced observation. Reported as a dash at whole-USD-million precision; employee tax-withholding cash is excluded from this buybacks measure.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Consolidated Statement of Cash Flows, FY2024 comparative, Payments for acquisition of treasury shares", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS financing cash flow; issuer share repurchases", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/3/fieldNotes/buybacksCash", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Reported as a dash at whole-USD-million precision; employee tax-withholding cash is excluded from this buybacks measure.", "reason": "Gap is now independently resolved; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Consolidated Statement of Cash Flows, FY2024 comparative, Payments for acquisition of treasury shares", "period": "FY2024", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/annual/sbc", "oldValue": null, "newValue": 162, "reason": "Replace explicitly unverified gap with primary-sourced observation. Matches the separately verified annual-history SBC162. This is equity-settled cash-flow adjustment, not total share-based remuneration expense171.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Statement of Cash Flows, FY2025 Equity-based compensation expense", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS noncash cash-flow reconciliation adjustment", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttm/sbc", "oldValue": null, "newValue": 172, "reason": "Replace explicitly unverified gap with primary-sourced observation. FY2025 162 + H1 2026 87 - H1 2025 77 =172 USDm.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18; FY2025 original annual cash-flow statement", "period": "TTM ended30June2026", "currency": "USD", "units": "USD million", "accountingBasis": "Calculated IFRS cash-flow reconciliation SBC", "sourceInputs": [ { "value": 162, "period": "FY2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Statement of Cash Flows, Equity-based compensation expense", "unit": "USD million" }, { "value": 87, "period": "H1 2026", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18, Equity-based compensation expense", "unit": "USD million" }, { "value": 77, "period": "H1 2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18, Equity-based compensation expense", "unit": "USD million" } ] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttm/leasePrincipal", "oldValue": null, "newValue": 86, "reason": "Replace explicitly unverified gap with primary-sourced observation. 81 +43 -38 =86 USDm. Interest paid is separately presented in operating cash flows; retain published OCF-minus-PP&E FCF definition and identify lease repayment separately.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18, financing Lease payments; FY2025 equivalent row", "period": "TTM ended30June2026", "currency": "USD", "units": "USD million", "accountingBasis": "Calculated IFRS financing lease-liability repayments", "sourceInputs": [ { "value": 81, "period": "FY2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Statement of Cash Flows, financing Lease payments; Note20.3", "unit": "USD million" }, { "value": 43, "period": "H1 2026", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18, financing Lease payments", "unit": "USD million" }, { "value": 38, "period": "H1 2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18, financing Lease payments", "unit": "USD million" } ] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/limitations/1", "oldValue": "FCF proxy subtracts reported cash PP&E purchases. Separate software and lease-principal amounts were not verified, so those fields remain null.", "newValue": "FCF proxy subtracts reported cash PP&E purchases. Cash software investment is not separately verified and remains null. TTM lease principal is separately calculated as FY2025 plus H1 2026 less H1 2025; it is not deducted in the stated OCF-minus-PP&E FCF proxy.", "reason": "Lease principal is now verified; retain the genuinely unresolved cash-software split and preserve the defined FCF measure.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18", "period": "TTM ended30June2026", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" } ], "unresolved": [ "Remaining nulls distinguish noncomparable/nonapplicable periods from fields not separately disclosed on the required cash or share basis; see per-field availability notes." ], "batch": "special-holdings", "name": "Alcon", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "All 175 existing non-null numerical observations compared or explicitly recalculated. 7 verified historical backfills proposed. Exact-field statuses: {'verified': 152, 'calculated': 30, 'mismatch': 0, 'not_verified': 8}. Remaining nulls have field-specific availability reasons. Text/scope changes and backfills await root review; no company-wide assurance is inferred beyond the enumerated mapped observations and claims.", "originalUnresolved": [ "Amounts reconcile within stated reporting precision; listed text/scope corrections await root review and application.", "Verified historical backfill proposals await application; they do not represent numerical misstatements in the existing null observations.", "Remaining nulls distinguish noncomparable/nonapplicable periods from fields not separately disclosed on the required cash or share basis; see per-field availability notes." ], "correctionsApplied": 37, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 154, "not_verified": 8, "calculated": 30 }, "sourceCount": 7 }, { "id": "spgi", "status": "partial", "periodsReviewed": [ "2025-01-01/2025-12-31", "2024-01-01/2024-12-31", "FY2025", "H1 2026", "H1 2025", "TTM June 2026", "Q2 2026", "Q2 2026 vs Q2 2025", "H1 2026 vs H1 2025", "2021-01-01/2021-12-31", "31 December 2021", "FY2021", "2022-01-01/2022-12-31", "31 December 2022", "FY2022", "2023-01-01/2023-12-31", "31 December 2023", "FY2023", "31 December 2024", "FY2024", "31 December 2025" ], "summary": "Completed source review: 122 source checks, 15 arithmetic checks, 86 unverified checks. 5 dated field or wording changes applied. 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no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/revenue", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/ocf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/capex", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/software", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/netIncome", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/operatingIncome", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/sbc", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/equity", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/cash", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/buybacksCash", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2021 · continuing-business pro forma unavailable", "currency": null, "units": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/dilutedShares", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/periodEndShares", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2021 · continuing-business pro forma unavailable", "currency": "USD", "units": "USD/share", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/0/eps", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD/share", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2022 · continuing-business pro forma unavailable", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/revenue", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/ocf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/capex", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/software", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/netIncome", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/operatingIncome", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/sbc", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/equity", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/cash", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/buybacksCash", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2022 · continuing-business pro forma unavailable", "currency": null, "units": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/dilutedShares", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/periodEndShares", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2022 · continuing-business pro forma unavailable", "currency": "USD", "units": "USD/share", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/1/eps", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD/share", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2023 · continuing-business pro forma unavailable", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/revenue", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/ocf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/capex", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/software", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/netIncome", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/operatingIncome", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/sbc", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/equity", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/cash", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/buybacksCash", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2023 · continuing-business pro forma unavailable", "currency": null, "units": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/dilutedShares", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/periodEndShares", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2023 · continuing-business pro forma unavailable", "currency": "USD", "units": "USD/share", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/2/eps", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD/share", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2024 · continuing-business pro forma unavailable", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/revenue", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/ocf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/capex", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/software", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/netIncome", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/operatingIncome", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/sbc", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/equity", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/cash", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/buybacksCash", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2024 · continuing-business pro forma unavailable", "currency": null, "units": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/dilutedShares", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/periodEndShares", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Historical financial statements are a different perimeter", "period": "FY2024 · continuing-business pro forma unavailable", "currency": "USD", "units": "USD/share", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/3/eps", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD/share", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP", "statementStatus": "unaudited Article 11 pro forma historical statement", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/4/revenue", "value": 13589, "status": "verified", "sourceValue": 13589, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/4/netIncome", "value": 4192, "status": "verified", "sourceValue": 4192, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/revenue", "value": 13589, "status": "verified", "sourceValue": 13589, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/netIncome", "value": 4192, "status": "verified", "sourceValue": 4192, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/operatingIncome", "value": 6140, "status": "verified", "sourceValue": 6140, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttmInputs/revenue/0", "value": 13589, "status": "verified", "sourceValue": 13589, "notes": "Identical dated input to the independently compared annual/interim observation /companies/@SPGI/annual/revenue", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttmInputs/netIncome/0", "value": 4192, "status": "verified", "sourceValue": 4192, "notes": "Identical dated input to the independently compared annual/interim observation /companies/@SPGI/annual/netIncome", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttmInputs/operatingIncome/0", "value": 6140, "status": "verified", "sourceValue": 6140, "notes": "Identical dated input to the independently compared annual/interim observation /companies/@SPGI/annual/operatingIncome", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "July 6 release pp.14–15", "period": "FY2025 · Article 11 pro forma excluding Mobility", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/4/ocf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/4/capex", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/4/software", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/4/fcf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column", "period": "FY2025", "currency": null, "units": "million shares", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP", "statementStatus": "unaudited Article 11 pro forma historical statement", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/history/4/dilutedShares", "value": 305.1, "status": "verified", "sourceValue": 305.1, "notes": "", "unit": "million shares", "currency": null, "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/dilutedShares", "value": 305.1, "status": "verified", "sourceValue": 305.1, "notes": "", "unit": "million shares", "currency": null, "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "July 6 release pp.14–15, pro forma operating results", "period": "FY2025 · pro forma excluding Mobility", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/ocf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/capex", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/software", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/fcf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "Article 11 pro forma excluding Mobility", "statementStatus": "unaudited Article 11 pro forma historical statement", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/current/revenue", "value": 7397, "status": "verified", "sourceValue": 7397, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/current/netIncome", "value": 2539, "status": "verified", "sourceValue": 2539, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/current/operatingIncome", "value": 3684, "status": "verified", "sourceValue": 3684, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttmInputs/revenue/1", "value": 7397, "status": "verified", "sourceValue": 7397, "notes": "Identical dated input to the independently compared annual/interim observation /companies/@SPGI/ytd/current/revenue", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttmInputs/netIncome/1", "value": 2539, "status": "verified", "sourceValue": 2539, "notes": "Identical dated input to the independently compared annual/interim observation /companies/@SPGI/ytd/current/netIncome", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttmInputs/operatingIncome/1", "value": 3684, "status": "verified", "sourceValue": 3684, "notes": "Identical dated input to the independently compared annual/interim observation /companies/@SPGI/ytd/current/operatingIncome", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" } ] }, { "sourceUrl": null, "locator": "Q2 release Exhibits 4–5; recast pp.14–15", "period": "Six months ended 30 June · pro forma excluding Mobility", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/current/ocf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/current/capex", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/prior/ocf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/prior/capex", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "period": "H1 2026", "currency": null, "units": "million shares", "accountingBasis": "Article 11 pro forma excluding Mobility", "statementStatus": "unaudited Article 11 pro forma historical statement", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/current/dilutedShares", "value": 296.6, "status": "verified", "sourceValue": 296.6, "notes": "", "unit": "million shares", "currency": null, "accountingBasis": "Article 11 pro forma excluding Mobility" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "Article 11 pro forma excluding Mobility", "statementStatus": "unaudited Article 11 pro forma historical statement", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/prior/revenue", "value": 6674, "status": "verified", "sourceValue": 6674, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/prior/netIncome", "value": 1996, "status": "verified", "sourceValue": 1996, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/prior/operatingIncome", "value": 2937, "status": "verified", "sourceValue": 2937, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttmInputs/revenue/2", "value": 6674, "status": "verified", "sourceValue": 6674, "notes": "Identical dated input to the independently compared annual/interim observation /companies/@SPGI/ytd/prior/revenue", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttmInputs/netIncome/2", "value": 1996, "status": "verified", "sourceValue": 1996, "notes": "Identical dated input to the independently compared annual/interim observation /companies/@SPGI/ytd/prior/netIncome", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttmInputs/operatingIncome/2", "value": 2937, "status": "verified", "sourceValue": 2937, "notes": "Identical dated input to the independently compared annual/interim observation /companies/@SPGI/ytd/prior/operatingIncome", "unit": "USD million", "currency": "USD", "accountingBasis": "Article 11 pro forma excluding Mobility" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "period": "H1 2025", "currency": null, "units": "million shares", "accountingBasis": "Article 11 pro forma excluding Mobility", "statementStatus": "unaudited Article 11 pro forma historical statement", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/prior/dilutedShares", "value": 306.9, "status": "verified", "sourceValue": 306.9, "notes": "", "unit": "million shares", "currency": null, "accountingBasis": "Article 11 pro forma excluding Mobility" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 unaudited pro forma income statements; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. Pro forma FY2025 + pro forma H1 2026 - pro forma H1 2025", "period": "TTM June 2026", "currency": "USD", "units": "USD million", "accountingBasis": "Calculated historical arithmetic", "statementStatus": "calculated historical arithmetic from stated primary-source inputs", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/revenue", "value": 14312, "status": "calculated", "sourceValue": 14312, "notes": "Pro forma FY2025 + pro forma H1 2026 - pro forma H1 2025", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated historical arithmetic", "sourceInputs": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/revenue", "value": 13589, "period": "FY2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column", "unit": "USD million", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/current/revenue", "value": 7397, "period": "H1 2026", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "unit": "USD million", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/prior/revenue", "value": 6674, "period": "H1 2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "unit": "USD million", "accountingBasis": "Article 11 pro forma excluding Mobility" } ] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/netIncome", "value": 4735, "status": "calculated", "sourceValue": 4735, "notes": "Pro forma FY2025 + pro forma H1 2026 - pro forma H1 2025", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated historical arithmetic", "sourceInputs": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/netIncome", "value": 4192, "period": "FY2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column", "unit": "USD million", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/current/netIncome", "value": 2539, "period": "H1 2026", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "unit": "USD million", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/prior/netIncome", "value": 1996, "period": "H1 2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "unit": "USD million", "accountingBasis": "Article 11 pro forma excluding Mobility" } ] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/operatingIncome", "value": 6887, "status": "calculated", "sourceValue": 6887, "notes": "Pro forma FY2025 + pro forma H1 2026 - pro forma H1 2025", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated historical arithmetic", "sourceInputs": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/operatingIncome", "value": 6140, "period": "FY2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column", "unit": "USD million", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/current/operatingIncome", "value": 3684, "period": "H1 2026", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "unit": "USD million", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/prior/operatingIncome", "value": 2937, "period": "H1 2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "unit": "USD million", "accountingBasis": "Article 11 pro forma excluding Mobility" } ] } ] }, { "sourceUrl": null, "locator": "No figure supplied; no source comparison claimed", "period": "see exact path", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/ocf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/capex", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/software", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/sbc", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/leasePrincipal", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/fcf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": null, "locator": "No figure supplied; no source comparison claimed", "period": "see exact path", "currency": null, "units": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/endShares", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Post-Mobility Article11 pro forma perimeter: the inspected July recast/Q2 originals provide the verified FY2025/H1 income statements, but no same-perimeter earlier annual observation or corresponding cash-flow/balance/closing-share bridge for this field. Original-group values exist separately and cannot be substituted.", "availability": "noncomparable original-group observations; required pro forma observation not supplied", "unit": "million shares", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 unaudited pro forma income statements; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. Equal-half-year weighted diluted-share proxy, approximate due to day counts and period dilution.", "period": "TTM June 2026", "currency": null, "units": "million shares", "accountingBasis": "Calculated historical arithmetic", "statementStatus": "calculated historical arithmetic from stated primary-source inputs", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ttm/dilutedShares", "value": 299.95, "status": "calculated", "sourceValue": 299.95000000000005, "notes": "Equal-half-year weighted diluted-share proxy, approximate due to day counts and period dilution.", "unit": "million shares", "currency": null, "accountingBasis": "Calculated historical arithmetic", "sourceInputs": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/annual/dilutedShares", "value": 305.1, "period": "FY2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column", "unit": "million shares", "accountingBasis": "Article 11 pro forma; includes transition-services adjustments, not historical GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/current/dilutedShares", "value": 296.6, "period": "H1 2026", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "unit": "million shares", "accountingBasis": "Article 11 pro forma excluding Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/ytd/prior/dilutedShares", "value": 306.9, "period": "H1 2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns", "unit": "million shares", "accountingBasis": "Article 11 pro forma excluding Mobility" } ] } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Pro forma organic revenue constant-currency reconciliation, Q2", "period": "Q2 2026", "currency": null, "units": "percent year over year", "accountingBasis": "Company non-GAAP pro forma organic constant-currency growth", "statementStatus": "unaudited interim statement or issuer supplemental disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/latestMetrics/0/value", "value": 11, "status": "verified", "sourceValue": 11, "notes": "", "unit": "percent year over year", "currency": null, "accountingBasis": "Company non-GAAP pro forma organic constant-currency growth" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Exhibit 8", "period": "Q2 2026 excluding Mobility", "currency": null, "units": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/latestMetrics/0/prior", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. Current Q2 pro forma organic constant-currency growth is given; the corresponding prior-Q2 growth statistic on the same recast calculation is not supplied. It cannot be inferred from dollar revenue growth.", "availability": "not separately verified on required basis", "unit": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns", "period": "Q2 2026 vs Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment", "statementStatus": "unaudited Article 11 pro forma historical statement", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/latestMetrics/1/value", "value": 1339, "status": "verified", "sourceValue": 1339, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/latestMetrics/1/prior", "value": 1148, "status": "verified", "sourceValue": 1148, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns", "period": "Q2 2026 vs Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "Company adjusted/recast Market Intelligence subscription revenue", "statementStatus": "unaudited Article 11 pro forma historical statement", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/latestMetrics/2/value", "value": 1025, "status": "verified", "sourceValue": 1025, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Company adjusted/recast Market Intelligence subscription revenue" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/latestMetrics/2/prior", "value": 969, "status": "verified", "sourceValue": 969, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Company adjusted/recast Market Intelligence subscription revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns", "period": "Q2 2026 vs Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group", "statementStatus": "unaudited Article 11 pro forma historical statement", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/latestMetrics/3/value", "value": 348, "status": "verified", "sourceValue": 348, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/latestMetrics/3/prior", "value": 286, "status": "verified", "sourceValue": 286, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Historical consolidated FCF reconciliation", "period": "H1 2026 vs H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "Company non-GAAP historical consolidated incl Mobility", "statementStatus": "unaudited interim statement or issuer supplemental disclosure", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/cashAdjustments/0/current", "value": 2249, "status": "verified", "sourceValue": 2249, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Company non-GAAP historical consolidated incl Mobility" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/cashAdjustments/0/prior", "value": 2126, "status": "verified", "sourceValue": 2126, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Company non-GAAP historical consolidated incl Mobility" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none", "period": "2021-01-01/2021-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/revenue", "value": 8297, "status": "verified", "sourceValue": 8297.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none", "period": "2021-01-01/2021-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/ocf", "value": 3598, "status": "verified", "sourceValue": 3598.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquireProductiveAssets; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none", "period": "2021-01-01/2021-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/capex", "value": 35, "status": "verified", "sourceValue": 35.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Annual consolidated income statement, cash flows, balance sheet and EPS note", "period": "FY2021 · original consolidated group including Mobility", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; 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management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/4/dilutedShares", "value": 305.1, "status": "verified", "sourceValue": 305.1, "notes": "", "unit": "million shares", "currency": null, "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none", "period": "2025-01-01/2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/4/equity", "value": 31127, "status": "verified", "sourceValue": 31127.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt", "period": "31 December 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/4/cash", "value": 1745, "status": "verified", "sourceValue": 1745, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/4/debt", "value": 13088, "status": "verified", "sourceValue": 13088, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:CommonStockSharesOutstanding; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none", "period": "2025-01-01/2025-12-31", "currency": null, "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/4/periodEndShares", "value": 298.8, "status": "verified", "sourceValue": 298.8, "notes": "", "unit": "million shares", "currency": null, "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsForRepurchaseOfCommonStock; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none", "period": "2025-01-01/2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/4/buybacksCash", "value": 5001, "status": "verified", "sourceValue": 5001.0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. 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Excludes lease liabilities.", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "Calculated historical arithmetic", "statementStatus": "calculated historical arithmetic from stated primary-source inputs", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/4/fcf", "value": 5456, "status": "calculated", "sourceValue": 5456, "notes": "Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated historical arithmetic" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Annual business-driver and segment results tables", "period": "FY2021", "currency": null, "units": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/0/metrics/0/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. The continuing-company organic constant-currency or adjusted/recast MI subscription definition is not provided for this annual period in the inspected July2026/Q2 tables; original-group historical growth/subscriptions are not comparable.", "availability": "not supplied on current adjusted/recast perimeter", "unit": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/0/metrics/1/value", "value": 4097, "status": "verified", "sourceValue": 4097, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Annual business-driver and segment results tables", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/0/metrics/2/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. The continuing-company organic constant-currency or adjusted/recast MI subscription definition is not provided for this annual period in the inspected July2026/Q2 tables; original-group historical growth/subscriptions are not comparable.", "availability": "not supplied on current adjusted/recast perimeter", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/0/metrics/3/value", "value": 800, "status": "verified", "sourceValue": 800, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Annual business-driver and segment results tables", "period": "FY2022", "currency": null, "units": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/1/metrics/0/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. The continuing-company organic constant-currency or adjusted/recast MI subscription definition is not provided for this annual period in the inspected July2026/Q2 tables; original-group historical growth/subscriptions are not comparable.", "availability": "not supplied on current adjusted/recast perimeter", "unit": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/1/metrics/1/value", "value": 3050, "status": "verified", "sourceValue": 3050, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Annual business-driver and segment results tables", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/1/metrics/2/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. The continuing-company organic constant-currency or adjusted/recast MI subscription definition is not provided for this annual period in the inspected July2026/Q2 tables; original-group historical growth/subscriptions are not comparable.", "availability": "not supplied on current adjusted/recast perimeter", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/1/metrics/3/value", "value": 862, "status": "verified", "sourceValue": 862, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Annual business-driver and segment results tables", "period": "FY2023", "currency": null, "units": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/2/metrics/0/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. The continuing-company organic constant-currency or adjusted/recast MI subscription definition is not provided for this annual period in the inspected July2026/Q2 tables; original-group historical growth/subscriptions are not comparable.", "availability": "not supplied on current adjusted/recast perimeter", "unit": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/2/metrics/1/value", "value": 3332, "status": "verified", "sourceValue": 3332, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Annual business-driver and segment results tables", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/2/metrics/2/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. The continuing-company organic constant-currency or adjusted/recast MI subscription definition is not provided for this annual period in the inspected July2026/Q2 tables; original-group historical growth/subscriptions are not comparable.", "availability": "not supplied on current adjusted/recast perimeter", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/2/metrics/3/value", "value": 859, "status": "verified", "sourceValue": 859, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Annual business-driver and segment results tables", "period": "FY2024", "currency": null, "units": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/3/metrics/0/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. The continuing-company organic constant-currency or adjusted/recast MI subscription definition is not provided for this annual period in the inspected July2026/Q2 tables; original-group historical growth/subscriptions are not comparable.", "availability": "not supplied on current adjusted/recast perimeter", "unit": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/3/metrics/1/value", "value": 4370, "status": "verified", "sourceValue": 4370, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Annual business-driver and segment results tables", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/3/metrics/2/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. The continuing-company organic constant-currency or adjusted/recast MI subscription definition is not provided for this annual period in the inspected July2026/Q2 tables; original-group historical growth/subscriptions are not comparable.", "availability": "not supplied on current adjusted/recast perimeter", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/3/metrics/3/value", "value": 1046, "status": "verified", "sourceValue": 1046, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Annual business-driver and segment results tables", "period": "FY2025", "currency": null, "units": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/4/metrics/0/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. The continuing-company organic constant-currency or adjusted/recast MI subscription definition is not provided for this annual period in the inspected July2026/Q2 tables; original-group historical growth/subscriptions are not comparable.", "availability": "not supplied on current adjusted/recast perimeter", "unit": "percent year over year", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/4/metrics/1/value", "value": 4724, "status": "verified", "sourceValue": 4724, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP Ratings segment revenue, including intersegment" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Sum of FY2025 recast subscription quarters 945 + 969 + 986 + 1013 = 3913; all USD million.", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "Calculated historical arithmetic; Company adjusted/recast Market Intelligence subscription revenue", "statementStatus": "calculated historical arithmetic from stated primary-source inputs", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/4/metrics/2/value", "value": 3913, "status": "calculated", "sourceValue": 3913, "notes": "Sum of FY2025 recast subscription quarters 945 + 969 + 986 + 1013 = 3913; all USD million.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated historical arithmetic; Company adjusted/recast Market Intelligence subscription revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/businessHistory/4/metrics/3/value", "value": 1206, "status": "verified", "sourceValue": 1206, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Indices asset-linked fees; latest quarter on pro forma perimeter, annual history original group" } ] } ], "claims": [ { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/originalHistory/0/period", "claim": "FY2021 · original S&P Global before IHS Markit merger", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Note 2 Acquisitions", "notes": "IHS Markit, including Mobility, was acquired on 28 February 2022; FY2021 reported group did not include Mobility.", "originalClaim": "FY2021 original consolidated group including Mobility" }, { "file": "pershing-data.json", "pathOrText": "/holdings/@SPGI/economics", "claim": "Sells ratings, data subscriptions, index licences and commodity benchmarks. Trusted benchmarks and embedded workflows support repeat demand. Debt issuance and market levels affect revenue. Watch ratings issuance, index assets, subscription growth and margins.", "verdict": "supported_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Item 1 Business: Ratings, Market Intelligence, Indices, Commodity Insights; MD&A revenue drivers", "notes": "Ratings fees, subscriptions, index licences, commodity benchmarks and effects of issuance/asset levels are disclosed. Trusted benchmarks/embedded workflow and repeat demand are qualitative interpretation, not independently measurable dominance claims." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@SPGI/note", "claim": "Mobility Global separated on 1 July 2026. Original FY2025 figures include that business; recast revenue excluding Mobility is $13.589bn. Current P/E and P/FCF are withheld until comparable continuing-company EPS and cash flow are verified. The PSH estimate below also predates the separation.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Q2 release: July 1 Mobility separation and Article 11 pro forma tables", "notes": "FY2025 original includes Mobility, 13589m pro forma excludes Mobility. Cash-flow bridge genuinely unavailable on same pro forma basis. Do not call pro forma net income historical GAAP." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/latestMetrics/0/explanation", "claim": { "meaning": "Growth after removing acquired-business, divestment and currency effects on the company's pro forma basis.", "why": "It better isolates growth from the continuing customer base.", "watch": "This uses a defined pro forma perimeter and remains different from historical GAAP revenue." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Pro forma organic revenue constant-currency reconciliation, Q2", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/latestMetrics/1/explanation", "claim": { "meaning": "Fees from credit ratings and related services.", "why": "It shows earnings exposure to debt issuance and ongoing credit monitoring.", "watch": "Strong issuance can make a cyclical quarter appear permanently stronger." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/latestMetrics/2/explanation", "claim": { "meaning": "Repeat subscription revenue from financial information and analytical tools.", "why": "Renewals provide a steadier revenue base than new debt issues.", "watch": "Customer retention, usage, pricing and the cost of keeping data useful." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/latestMetrics/3/explanation", "claim": { "meaning": "Fees linked to assets in funds and products using the company's indices.", "why": "Popular benchmarks can produce repeat revenue with limited extra operating cost.", "watch": "Separate new investor money from rising market prices; both affect the fee base." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/limitations/0", "claim": "Mobility separated on 1 July 2026. The Q2 historical GAAP financial statements still include Mobility. Pro forma data are explicitly distinguished.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Mobility separation introduction and pro forma income statement notes", "notes": "July 1, 2026 separation postdates June historical statements. Pro forma perimeter is correctly separate." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/limitations/1", "claim": "Comparable continuing-business cash-flow bridge was not verified; OCF, capex, FCF and P/FCF must remain unavailable rather than mixing original-group and post-spin data.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Exhibit 8 historical consolidated FCF reconciliation", "notes": "Company reports original-group OCF/FCF, but no matching Article 11 continuing-company cash-flow bridge is supplied here; the null limitation is honest." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/limitations/2", "claim": "Any multiple using $4735m TTM net income must be labelled pro forma; transaction adjustments differ from historical continuing-operations subtotals.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 unaudited pro forma statements, FY2025 and six-month columns", "notes": "Pro forma TTM NI = 4192 + 2539 - 1996 = 4735 USDm; this is not a GAAP historical continuing-operations subtotal." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/limitations/3", "claim": "18 Oct review: prior H1 pro forma operating profit corrected to $2,937m; TTM operating profit recalculated to $6,887m.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statements, prior six-month operating-profit row", "notes": "Prior H1 operating profit2937 USDm and TTM6140+3684−2937=6887 USDm are supported. The stated 18 October review date is internal metadata, not a filing fact." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@SPGI", "claim": { "comparedFields": [ "/holdings/@SPGI/revenue", "/holdings/@SPGI/priorRevenue", "/holdings/@SPGI/ocf", "/holdings/@SPGI/priorOcf", "/holdings/@SPGI/capex", "/holdings/@SPGI/priorCapex", "/holdings/@SPGI/eps", "/holdings/@SPGI/operatingIncome", "/holdings/@SPGI/da", "/holdings/@SPGI/recastRevenue" ], "periods": [ "2025-01-01/2025-12-31", "2024-01-01/2024-12-31", "FY2025" ], "comparedValues": [ { "path": "/holdings/@SPGI/revenue", "siteValue": 15336, "sourceValue": 15336.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@SPGI/priorRevenue", "siteValue": 14208, "sourceValue": 14208.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/holdings/@SPGI/ocf", "siteValue": 5651, "sourceValue": 5651.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@SPGI/priorOcf", "siteValue": 5689, "sourceValue": 5689.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/holdings/@SPGI/capex", "siteValue": 195, "sourceValue": 195.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquireProductiveAssets; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@SPGI/priorCapex", "siteValue": 124, "sourceValue": 124.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquireProductiveAssets; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/holdings/@SPGI/eps", "siteValue": 14.66, "sourceValue": 14.66, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:EarningsPerShareDiluted; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@SPGI/operatingIncome", "siteValue": 6478, "sourceValue": 6478.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@SPGI/da", "siteValue": 1179, "sourceValue": 1179, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Consolidated results, depreciation and amortization" }, { "path": "/holdings/@SPGI/recastRevenue", "siteValue": 13589, "sourceValue": 13589, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 pro forma income statement FY2025" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/history", "claim": { "comparedFields": [ "/companies/@SPGI/history/4/revenue", "/companies/@SPGI/history/4/netIncome", "/companies/@SPGI/history/4/dilutedShares" ], "periods": [ "FY2025" ], "comparedValues": [ { "path": "/companies/@SPGI/history/4/revenue", "siteValue": 13589, "sourceValue": 13589, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column" }, { "path": "/companies/@SPGI/history/4/netIncome", "siteValue": 4192, "sourceValue": 4192, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column" }, { "path": "/companies/@SPGI/history/4/dilutedShares", "siteValue": 305.1, "sourceValue": 305.1, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/annual", "claim": { "comparedFields": [ "/companies/@SPGI/annual/revenue", "/companies/@SPGI/annual/netIncome", "/companies/@SPGI/annual/operatingIncome", "/companies/@SPGI/annual/dilutedShares" ], "periods": [ "FY2025" ], "comparedValues": [ { "path": "/companies/@SPGI/annual/revenue", "siteValue": 13589, "sourceValue": 13589, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column" }, { "path": "/companies/@SPGI/annual/netIncome", "siteValue": 4192, "sourceValue": 4192, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column" }, { "path": "/companies/@SPGI/annual/operatingIncome", "siteValue": 6140, "sourceValue": 6140, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column" }, { "path": "/companies/@SPGI/annual/dilutedShares", "siteValue": 305.1, "sourceValue": 305.1, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/originalAnnual", "claim": { "comparedFields": [ "/companies/@SPGI/originalAnnual/revenue", "/companies/@SPGI/originalAnnual/ocf", "/companies/@SPGI/originalAnnual/capex", "/companies/@SPGI/originalAnnual/operatingIncome" ], "periods": [ "2025-01-01/2025-12-31" ], "comparedValues": [ { "path": "/companies/@SPGI/originalAnnual/revenue", "siteValue": 15336, "sourceValue": 15336.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalAnnual/ocf", "siteValue": 5651, "sourceValue": 5651.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalAnnual/capex", "siteValue": 195, "sourceValue": 195.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquireProductiveAssets; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalAnnual/operatingIncome", "siteValue": 6478, "sourceValue": 6478.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/ytd", "claim": { "comparedFields": [ "/companies/@SPGI/ytd/current/revenue", "/companies/@SPGI/ytd/current/netIncome", "/companies/@SPGI/ytd/current/operatingIncome", "/companies/@SPGI/ytd/current/dilutedShares", "/companies/@SPGI/ytd/prior/revenue", "/companies/@SPGI/ytd/prior/netIncome", "/companies/@SPGI/ytd/prior/operatingIncome", "/companies/@SPGI/ytd/prior/dilutedShares" ], "periods": [ "H1 2026", "H1 2025" ], "comparedValues": [ { "path": "/companies/@SPGI/ytd/current/revenue", "siteValue": 7397, "sourceValue": 7397, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ytd/current/netIncome", "siteValue": 2539, "sourceValue": 2539, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ytd/current/operatingIncome", "siteValue": 3684, "sourceValue": 3684, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ytd/current/dilutedShares", "siteValue": 296.6, "sourceValue": 296.6, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ytd/prior/revenue", "siteValue": 6674, "sourceValue": 6674, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ytd/prior/netIncome", "siteValue": 1996, "sourceValue": 1996, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ytd/prior/operatingIncome", "siteValue": 2937, "sourceValue": 2937, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ytd/prior/dilutedShares", "siteValue": 306.9, "sourceValue": 306.9, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/ttm", "claim": { "comparedFields": [ "/companies/@SPGI/ttm/revenue", "/companies/@SPGI/ttm/netIncome", "/companies/@SPGI/ttm/operatingIncome", "/companies/@SPGI/ttm/dilutedShares" ], "periods": [ "TTM June 2026" ], "comparedValues": [ { "path": "/companies/@SPGI/ttm/revenue", "siteValue": 14312, "sourceValue": 14312, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 unaudited pro forma income statements; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. Pro forma FY2025 + pro forma H1 2026 - pro forma H1 2025" }, { "path": "/companies/@SPGI/ttm/netIncome", "siteValue": 4735, "sourceValue": 4735, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 unaudited pro forma income statements; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. Pro forma FY2025 + pro forma H1 2026 - pro forma H1 2025" }, { "path": "/companies/@SPGI/ttm/operatingIncome", "siteValue": 6887, "sourceValue": 6887, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 unaudited pro forma income statements; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. Pro forma FY2025 + pro forma H1 2026 - pro forma H1 2025" }, { "path": "/companies/@SPGI/ttm/dilutedShares", "siteValue": 299.95, "sourceValue": 299.95000000000005, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 unaudited pro forma income statements; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. Equal-half-year weighted diluted-share proxy, approximate due to day counts and period dilution." } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/ttmInputs", "claim": { "comparedFields": [ "/companies/@SPGI/ttmInputs/revenue/0", "/companies/@SPGI/ttmInputs/revenue/1", "/companies/@SPGI/ttmInputs/revenue/2", "/companies/@SPGI/ttmInputs/netIncome/0", "/companies/@SPGI/ttmInputs/netIncome/1", "/companies/@SPGI/ttmInputs/netIncome/2", "/companies/@SPGI/ttmInputs/operatingIncome/0", "/companies/@SPGI/ttmInputs/operatingIncome/1", "/companies/@SPGI/ttmInputs/operatingIncome/2" ], "periods": [ "FY2025", "H1 2026", "H1 2025" ], "comparedValues": [ { "path": "/companies/@SPGI/ttmInputs/revenue/0", "siteValue": 13589, "sourceValue": 13589, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column" }, { "path": "/companies/@SPGI/ttmInputs/revenue/1", "siteValue": 7397, "sourceValue": 7397, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ttmInputs/revenue/2", "siteValue": 6674, "sourceValue": 6674, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ttmInputs/netIncome/0", "siteValue": 4192, "sourceValue": 4192, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column" }, { "path": "/companies/@SPGI/ttmInputs/netIncome/1", "siteValue": 2539, "sourceValue": 2539, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ttmInputs/netIncome/2", "siteValue": 1996, "sourceValue": 1996, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ttmInputs/operatingIncome/0", "siteValue": 6140, "sourceValue": 6140, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Article 11 unaudited pro forma income statement, FY2025 column" }, { "path": "/companies/@SPGI/ttmInputs/operatingIncome/1", "siteValue": 3684, "sourceValue": 3684, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" }, { "path": "/companies/@SPGI/ttmInputs/operatingIncome/2", "siteValue": 2937, "sourceValue": 2937, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Article 11 pro forma statement, six months columns" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/latestMetrics", "claim": { "comparedFields": [ "/companies/@SPGI/latestMetrics/0/value", "/companies/@SPGI/latestMetrics/1/value", "/companies/@SPGI/latestMetrics/1/prior", "/companies/@SPGI/latestMetrics/2/value", "/companies/@SPGI/latestMetrics/2/prior", "/companies/@SPGI/latestMetrics/3/value", "/companies/@SPGI/latestMetrics/3/prior" ], "periods": [ "Q2 2026", "Q2 2026 vs Q2 2025" ], "comparedValues": [ { "path": "/companies/@SPGI/latestMetrics/0/value", "siteValue": 11, "sourceValue": 11, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Pro forma organic revenue constant-currency reconciliation, Q2" }, { "path": "/companies/@SPGI/latestMetrics/1/value", "siteValue": 1339, "sourceValue": 1339, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns" }, { "path": "/companies/@SPGI/latestMetrics/1/prior", "siteValue": 1148, "sourceValue": 1148, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns" }, { "path": "/companies/@SPGI/latestMetrics/2/value", "siteValue": 1025, "sourceValue": 1025, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns" }, { "path": "/companies/@SPGI/latestMetrics/2/prior", "siteValue": 969, "sourceValue": 969, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns" }, { "path": "/companies/@SPGI/latestMetrics/3/value", "siteValue": 348, "sourceValue": 348, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns" }, { "path": "/companies/@SPGI/latestMetrics/3/prior", "siteValue": 286, "sourceValue": 286, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Segment / recast adjusted disaggregated revenue tables, Q2 columns" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/cashAdjustments", "claim": { "comparedFields": [ "/companies/@SPGI/cashAdjustments/0/current", "/companies/@SPGI/cashAdjustments/0/prior" ], "periods": [ "H1 2026 vs H1 2025" ], "comparedValues": [ { "path": "/companies/@SPGI/cashAdjustments/0/current", "siteValue": 2249, "sourceValue": 2249, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Historical consolidated FCF reconciliation" }, { "path": "/companies/@SPGI/cashAdjustments/0/prior", "siteValue": 2126, "sourceValue": 2126, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Historical consolidated FCF reconciliation" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000040/spgi2q2026-earningsrelease.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/originalHistory", "claim": { "comparedFields": [ "/companies/@SPGI/originalHistory/0/revenue", "/companies/@SPGI/originalHistory/0/ocf", "/companies/@SPGI/originalHistory/0/capex", "/companies/@SPGI/originalHistory/0/netIncome", "/companies/@SPGI/originalHistory/0/operatingIncome", "/companies/@SPGI/originalHistory/0/sbc", "/companies/@SPGI/originalHistory/0/dilutedShares", "/companies/@SPGI/originalHistory/0/eps", "/companies/@SPGI/originalHistory/0/equity", "/companies/@SPGI/originalHistory/0/cash", "/companies/@SPGI/originalHistory/0/periodEndShares", "/companies/@SPGI/originalHistory/0/debt", "/companies/@SPGI/originalHistory/0/netDebt", "/companies/@SPGI/originalHistory/0/fcf", "/companies/@SPGI/originalHistory/1/revenue", "/companies/@SPGI/originalHistory/1/ocf", "/companies/@SPGI/originalHistory/1/capex", "/companies/@SPGI/originalHistory/1/netIncome", "/companies/@SPGI/originalHistory/1/operatingIncome", "/companies/@SPGI/originalHistory/1/sbc", "/companies/@SPGI/originalHistory/1/dilutedShares", "/companies/@SPGI/originalHistory/1/eps", "/companies/@SPGI/originalHistory/1/equity", "/companies/@SPGI/originalHistory/1/cash", "/companies/@SPGI/originalHistory/1/periodEndShares", "/companies/@SPGI/originalHistory/1/buybacksCash", "/companies/@SPGI/originalHistory/1/debt", "/companies/@SPGI/originalHistory/1/netDebt", "/companies/@SPGI/originalHistory/1/fcf", "/companies/@SPGI/originalHistory/2/revenue", "/companies/@SPGI/originalHistory/2/ocf", "/companies/@SPGI/originalHistory/2/capex", "/companies/@SPGI/originalHistory/2/netIncome", "/companies/@SPGI/originalHistory/2/operatingIncome", "/companies/@SPGI/originalHistory/2/sbc", "/companies/@SPGI/originalHistory/2/dilutedShares", "/companies/@SPGI/originalHistory/2/eps", "/companies/@SPGI/originalHistory/2/equity", "/companies/@SPGI/originalHistory/2/cash", "/companies/@SPGI/originalHistory/2/periodEndShares", "/companies/@SPGI/originalHistory/2/buybacksCash", "/companies/@SPGI/originalHistory/2/debt", "/companies/@SPGI/originalHistory/2/netDebt", "/companies/@SPGI/originalHistory/2/fcf", "/companies/@SPGI/originalHistory/3/revenue", "/companies/@SPGI/originalHistory/3/ocf", "/companies/@SPGI/originalHistory/3/capex", "/companies/@SPGI/originalHistory/3/netIncome", "/companies/@SPGI/originalHistory/3/operatingIncome", "/companies/@SPGI/originalHistory/3/sbc", "/companies/@SPGI/originalHistory/3/dilutedShares", "/companies/@SPGI/originalHistory/3/eps", "/companies/@SPGI/originalHistory/3/equity", "/companies/@SPGI/originalHistory/3/cash", "/companies/@SPGI/originalHistory/3/periodEndShares", "/companies/@SPGI/originalHistory/3/buybacksCash", "/companies/@SPGI/originalHistory/3/debt", "/companies/@SPGI/originalHistory/3/netDebt", "/companies/@SPGI/originalHistory/3/fcf", "/companies/@SPGI/originalHistory/4/revenue", "/companies/@SPGI/originalHistory/4/ocf", "/companies/@SPGI/originalHistory/4/capex", "/companies/@SPGI/originalHistory/4/netIncome", "/companies/@SPGI/originalHistory/4/operatingIncome", "/companies/@SPGI/originalHistory/4/sbc", "/companies/@SPGI/originalHistory/4/dilutedShares", "/companies/@SPGI/originalHistory/4/eps", "/companies/@SPGI/originalHistory/4/equity", "/companies/@SPGI/originalHistory/4/cash", "/companies/@SPGI/originalHistory/4/periodEndShares", "/companies/@SPGI/originalHistory/4/buybacksCash", "/companies/@SPGI/originalHistory/4/debt", "/companies/@SPGI/originalHistory/4/netDebt", "/companies/@SPGI/originalHistory/4/fcf" ], "periods": [ "2021-01-01/2021-12-31", "31 December 2021", "FY2021", "2022-01-01/2022-12-31", "31 December 2022", "FY2022", "2023-01-01/2023-12-31", "31 December 2023", "FY2023", "2024-01-01/2024-12-31", "31 December 2024", "FY2024", "2025-01-01/2025-12-31", "31 December 2025", "FY2025" ], "comparedValues": [ { "path": "/companies/@SPGI/originalHistory/0/revenue", "siteValue": 8297, "sourceValue": 8297.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/0/ocf", "siteValue": 3598, "sourceValue": 3598.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/0/capex", "siteValue": 35, "sourceValue": 35.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquireProductiveAssets; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/0/netIncome", "siteValue": 3024, "sourceValue": 3024.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:NetIncomeLoss; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/0/operatingIncome", "siteValue": 4221, "sourceValue": 4221.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/0/sbc", "siteValue": 122, "sourceValue": 122.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/0/dilutedShares", "siteValue": 241.8, "sourceValue": 241.8, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/0/eps", "siteValue": 12.51, "sourceValue": 12.51, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:EarningsPerShareDiluted; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/0/equity", "siteValue": 2032, "sourceValue": 2032.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/0/cash", "siteValue": 6497, "sourceValue": 6497, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt" }, { "path": "/companies/@SPGI/originalHistory/0/periodEndShares", "siteValue": 241, "sourceValue": 241.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:CommonStockSharesOutstanding; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/0/debt", "siteValue": 4114, "sourceValue": 4114, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt" }, { "path": "/companies/@SPGI/originalHistory/0/netDebt", "siteValue": -2383, "sourceValue": -2383, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities." }, { "path": "/companies/@SPGI/originalHistory/0/fcf", "siteValue": 3563, "sourceValue": 3563, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities." }, { "path": "/companies/@SPGI/originalHistory/1/revenue", "siteValue": 11181, "sourceValue": 11181.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/ocf", "siteValue": 2603, "sourceValue": 2603.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/capex", "siteValue": 89, "sourceValue": 89.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquireProductiveAssets; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/netIncome", "siteValue": 3248, "sourceValue": 3248.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:NetIncomeLoss; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/operatingIncome", "siteValue": 4944, "sourceValue": 4944.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/sbc", "siteValue": 214, "sourceValue": 214.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/dilutedShares", "siteValue": 318.5, "sourceValue": 318.5, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/eps", "siteValue": 10.2, "sourceValue": 10.2, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:EarningsPerShareDiluted; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/equity", "siteValue": 36388, "sourceValue": 36388.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/cash", "siteValue": 1286, "sourceValue": 1286, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt" }, { "path": "/companies/@SPGI/originalHistory/1/periodEndShares", "siteValue": 321.9, "sourceValue": 321.9, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:CommonStockSharesOutstanding; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/buybacksCash", "siteValue": 12004, "sourceValue": 12004.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:PaymentsForRepurchaseOfCommonStock; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/1/debt", "siteValue": 10956, "sourceValue": 10956, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt" }, { "path": "/companies/@SPGI/originalHistory/1/netDebt", "siteValue": 9670, "sourceValue": 9670, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities." }, { "path": "/companies/@SPGI/originalHistory/1/fcf", "siteValue": 2514, "sourceValue": 2514, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities." }, { "path": "/companies/@SPGI/originalHistory/2/revenue", "siteValue": 12497, "sourceValue": 12497.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/ocf", "siteValue": 3710, "sourceValue": 3710.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/capex", "siteValue": 143, "sourceValue": 143.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquireProductiveAssets; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/netIncome", "siteValue": 2626, "sourceValue": 2626.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:NetIncomeLoss; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/operatingIncome", "siteValue": 4020, "sourceValue": 4020.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/sbc", "siteValue": 171, "sourceValue": 171.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/dilutedShares", "siteValue": 318.9, "sourceValue": 318.9, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/eps", "siteValue": 8.23, "sourceValue": 8.23, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:EarningsPerShareDiluted; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/equity", "siteValue": 34200, "sourceValue": 34200.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/cash", "siteValue": 1290, "sourceValue": 1290, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt" }, { "path": "/companies/@SPGI/originalHistory/2/periodEndShares", "siteValue": 314.1, "sourceValue": 314.1, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:CommonStockSharesOutstanding; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/buybacksCash", "siteValue": 3301, "sourceValue": 3301.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsForRepurchaseOfCommonStock; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/2/debt", "siteValue": 11459, "sourceValue": 11459, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt" }, { "path": "/companies/@SPGI/originalHistory/2/netDebt", "siteValue": 10169, "sourceValue": 10169, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities." }, { "path": "/companies/@SPGI/originalHistory/2/fcf", "siteValue": 3567, "sourceValue": 3567, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities." }, { "path": "/companies/@SPGI/originalHistory/3/revenue", "siteValue": 14208, "sourceValue": 14208.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/ocf", "siteValue": 5689, "sourceValue": 5689.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/capex", "siteValue": 124, "sourceValue": 124.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquireProductiveAssets; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/netIncome", "siteValue": 3852, "sourceValue": 3852.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:NetIncomeLoss; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/operatingIncome", "siteValue": 5580, "sourceValue": 5580.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/sbc", "siteValue": 247, "sourceValue": 247.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/dilutedShares", "siteValue": 311.9, "sourceValue": 311.9, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/eps", "siteValue": 12.35, "sourceValue": 12.35, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:EarningsPerShareDiluted; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/equity", "siteValue": 33159, "sourceValue": 33159.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/cash", "siteValue": 1666, "sourceValue": 1666, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt" }, { "path": "/companies/@SPGI/originalHistory/3/periodEndShares", "siteValue": 307.8, "sourceValue": 307.8, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:CommonStockSharesOutstanding; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/buybacksCash", "siteValue": 3301, "sourceValue": 3301.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsForRepurchaseOfCommonStock; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/3/debt", "siteValue": 11398, "sourceValue": 11398, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt" }, { "path": "/companies/@SPGI/originalHistory/3/netDebt", "siteValue": 9732, "sourceValue": 9732, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities." }, { "path": "/companies/@SPGI/originalHistory/3/fcf", "siteValue": 5565, "sourceValue": 5565, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities." }, { "path": "/companies/@SPGI/originalHistory/4/revenue", "siteValue": 15336, "sourceValue": 15336.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/ocf", "siteValue": 5651, "sourceValue": 5651.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/capex", "siteValue": 195, "sourceValue": 195.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquireProductiveAssets; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/netIncome", "siteValue": 4471, "sourceValue": 4471.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:NetIncomeLoss; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/operatingIncome", "siteValue": 6478, "sourceValue": 6478.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/sbc", "siteValue": 236, "sourceValue": 236.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/dilutedShares", "siteValue": 305.1, "sourceValue": 305.1, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/eps", "siteValue": 14.66, "sourceValue": 14.66, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:EarningsPerShareDiluted; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/equity", "siteValue": 31127, "sourceValue": 31127.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/cash", "siteValue": 1745, "sourceValue": 1745, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt" }, { "path": "/companies/@SPGI/originalHistory/4/periodEndShares", "siteValue": 298.8, "sourceValue": 298.8, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:CommonStockSharesOutstanding; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/buybacksCash", "siteValue": 5001, "sourceValue": 5001.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsForRepurchaseOfCommonStock; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@SPGI/originalHistory/4/debt", "siteValue": 13088, "sourceValue": 13088, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Consolidated balance sheet: cash; short-term plus long-term debt" }, { "path": "/companies/@SPGI/originalHistory/4/netDebt", "siteValue": 11343, "sourceValue": 11343, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities." }, { "path": "/companies/@SPGI/originalHistory/4/fcf", "siteValue": 5456, "sourceValue": 5456, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Site proxy: OCF less productive-assets payments; net debt = current+long-term debt minus cash. Excludes lease liabilities." } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-networks-upgrade.json", "pathOrText": "/companies/@SPGI/businessHistory", "claim": { "comparedFields": [ "/companies/@SPGI/businessHistory/0/metrics/1/value", "/companies/@SPGI/businessHistory/0/metrics/3/value", "/companies/@SPGI/businessHistory/1/metrics/1/value", "/companies/@SPGI/businessHistory/1/metrics/3/value", "/companies/@SPGI/businessHistory/2/metrics/1/value", "/companies/@SPGI/businessHistory/2/metrics/3/value", "/companies/@SPGI/businessHistory/3/metrics/1/value", "/companies/@SPGI/businessHistory/3/metrics/3/value", "/companies/@SPGI/businessHistory/4/metrics/1/value", "/companies/@SPGI/businessHistory/4/metrics/2/value", "/companies/@SPGI/businessHistory/4/metrics/3/value" ], "periods": [ "FY2021", "FY2022", "FY2023", "FY2024", "FY2025" ], "comparedValues": [ { "path": "/companies/@SPGI/businessHistory/0/metrics/1/value", "siteValue": 4097, "sourceValue": 4097, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns" }, { "path": "/companies/@SPGI/businessHistory/0/metrics/3/value", "siteValue": 800, "sourceValue": 800, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns" }, { "path": "/companies/@SPGI/businessHistory/1/metrics/1/value", "siteValue": 3050, "sourceValue": 3050, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns" }, { "path": "/companies/@SPGI/businessHistory/1/metrics/3/value", "siteValue": 862, "sourceValue": 862, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns" }, { "path": "/companies/@SPGI/businessHistory/2/metrics/1/value", "siteValue": 3332, "sourceValue": 3332, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns" }, { "path": "/companies/@SPGI/businessHistory/2/metrics/3/value", "siteValue": 859, "sourceValue": 859, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns" }, { "path": "/companies/@SPGI/businessHistory/3/metrics/1/value", "siteValue": 4370, "sourceValue": 4370, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns" }, { "path": "/companies/@SPGI/businessHistory/3/metrics/3/value", "siteValue": 1046, "sourceValue": 1046, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns" }, { "path": "/companies/@SPGI/businessHistory/4/metrics/1/value", "siteValue": 4724, "sourceValue": 4724, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns" }, { "path": "/companies/@SPGI/businessHistory/4/metrics/2/value", "siteValue": 3913, "sourceValue": 3913, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080571/tm2619099d2_ex99-1.htm", "locator": "Sum of FY2025 recast subscription quarters 945 + 969 + 986 + 1013 = 3913; all USD million." }, { "path": "/companies/@SPGI/businessHistory/4/metrics/3/value", "siteValue": 1206, "sourceValue": 1206, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404026000013/spgi-20251231.htm", "locator": "Segment revenue and Indices asset-linked fees; corresponding annual columns" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." } ], "corrections": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/period", "oldValue": "FY2021 · original consolidated group including Mobility", "newValue": "FY2021 · original S&P Global before IHS Markit merger", "reason": "IHS Markit, including Mobility, was acquired on 28 February 2022; FY2021 reported group did not include Mobility.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Note 2 Acquisitions", "period": "FY2021", "currency": "USD", "units": "label", "accountingBasis": "US GAAP original consolidated group" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/note", "oldValue": "Historical GAAP original group, including Mobility. IHS Markit consolidated from28 February2022; growth reflects that merger. Not the post-Mobility Article11 pro forma perimeter and not used in current valuation.", "newValue": "Historical GAAP original S&P Global group before the IHS Markit merger on 28 February 2022; FY2021 does not include Mobility. Not the post-Mobility Article 11 pro forma perimeter and not used in current valuation.", "reason": "FY2021 predates the acquisition of IHS Markit and Mobility; the repeated include-Mobility wording is incorrect for this row. Figures are preserved.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Note 2, Acquisitions: IHS Markit merger completed 28 February 2022", "period": "FY2021", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP original S&P Global group" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/buybacksCash", "oldValue": null, "newValue": 0, "reason": "Replace explicitly unverified gap with primary-sourced observation. Source reports zero repurchase cash in FY2021. Employee withholding cash56m is separately reported and excluded.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Consolidated Statements of Cash Flows, FY2021 share-repurchase row; Note Equity, share repurchase discussion expressly says no cash used in2021; tag us-gaap:PaymentsForRepurchaseOfCommonStock", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP original S&P Global financing cash flows", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/fieldNotes/buybacksCash", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Reported zero in FY2021 cash-flow repurchases line; employee share-tax withholding cash is separate.", "reason": "Gap is now verified; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Consolidated Statements of Cash Flows, FY2021 column", "period": "FY2021", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" } ], "unresolved": [ "Remaining nulls distinguish noncomparable/nonapplicable periods from fields not separately disclosed on the required cash or share basis; see per-field availability notes." ], "batch": "special-holdings", "name": "S&P Global", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "All 136 existing non-null numerical observations compared or explicitly recalculated. 1 verified historical backfills proposed. Exact-field statuses: {'verified': 122, 'calculated': 15, 'mismatch': 0, 'not_verified': 86}. Remaining nulls have field-specific availability reasons. Text/scope changes and backfills await root review; no company-wide assurance is inferred beyond the enumerated mapped observations and claims.", "originalUnresolved": [ "Amounts reconcile within stated reporting precision; listed text/scope corrections await root review and application.", "Verified historical backfill proposals await application; they do not represent numerical misstatements in the existing null observations.", "Remaining nulls distinguish noncomparable/nonapplicable periods from fields not separately disclosed on the required cash or share basis; see per-field availability notes." ], "correctionsApplied": 5, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 122, "not_verified": 86, "calculated": 15 }, "sourceCount": 5 }, { "id": "bn", "status": "verified", "periodsReviewed": [ "FY2025 (prior FY2024)", "FY2025", "TTM June 2026 vs TTM June 2025", "Q2 2026 vs Q2 2025", "30 June 2026 vs 30 June 2025", "30 June 2026 vs 31 December 2025", "FY2021", "FY2022", "FY2023", "FY2024" ], "summary": "Completed source review: 90 source checks, 0 arithmetic checks, 0 unverified checks. 5 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108526000006/bn-20251231_d2.htm", "locator": "Annual consolidated results and DE reconciliation", "period": "FY2025 (prior FY2024)", "currency": "USD", "units": "USD million", "accountingBasis": "Revenue IFRS; DE non-IFRS", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-data.json", "path": "/holdings/@BN/revenue", "value": 75100, "status": "verified", "sourceValue": 75100, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Revenue IFRS; DE non-IFRS" }, { "file": "pershing-data.json", "path": "/holdings/@BN/priorRevenue", "value": 86006, "status": "verified", "sourceValue": 86006, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Revenue IFRS; DE non-IFRS" }, { "file": "pershing-data.json", "path": "/holdings/@BN/de", "value": 6008, "status": "verified", "sourceValue": 6008, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Revenue IFRS; DE non-IFRS" }, { "file": "pershing-data.json", "path": "/holdings/@BN/deBefore", "value": 5386, "status": "verified", "sourceValue": 5386, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Revenue IFRS; DE non-IFRS" } ] }, { "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/brookfield-bn/reports-filings/annual-reports/2025/Five-Year%20Financial%20Record.pdf", "locator": "Five-Year Financial Record", "period": "FY2025", "currency": "USD", "units": "USD/share", "accountingBasis": "Company non-IFRS post-split", "statementStatus": "issuer annual earnings release or supplemental financial record; non-GAAP items not audited measures", "checks": [ { "file": "pershing-data.json", "path": "/holdings/@BN/dePerShare", "value": 2.54, "status": "verified", "sourceValue": 2.54, "notes": "", "unit": "USD/share", "currency": "USD", "accountingBasis": "Company non-IFRS post-split" }, { "file": "pershing-data.json", "path": "/holdings/@BN/deBeforePerShare", "value": 2.27, "status": "verified", "sourceValue": 2.27, "notes": "", "unit": "USD/share", "currency": "USD", "accountingBasis": "Company non-IFRS post-split" } ] }, { "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.6 Operating Results, last-twelve-month DE before realizations/share", "period": "TTM June 2026 vs TTM June 2025", "currency": "USD", "units": "USD/share", "accountingBasis": "Company non-IFRS DE before realizations/share; split/special-distribution adjustments as noted", "statementStatus": "unaudited interim statement or issuer supplemental disclosure", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/latestMetrics/0/value", "value": 2.39, "status": "verified", "sourceValue": 2.39, "notes": "", "unit": "USD/share", "currency": "USD", "accountingBasis": "Company non-IFRS DE before realizations/share; split/special-distribution adjustments as noted" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/latestMetrics/0/prior", "value": 2.24, "status": "verified", "sourceValue": 2.24, "notes": "", "unit": "USD/share", "currency": "USD", "accountingBasis": "Company non-IFRS DE before realizations/share; split/special-distribution adjustments as noted" } ] }, { "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.6 Operating Results, last-twelve-month total DE/share", "period": "TTM June 2026 vs TTM June 2025", "currency": "USD", "units": "USD/share", "accountingBasis": "Company non-IFRS total DE/share; split/special-distribution adjustments as noted", "statementStatus": "unaudited interim statement or issuer supplemental disclosure", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/latestMetrics/1/value", "value": 2.61, "status": "verified", "sourceValue": 2.61, "notes": "", "unit": "USD/share", "currency": "USD", "accountingBasis": "Company non-IFRS total DE/share; split/special-distribution adjustments as noted" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/latestMetrics/1/prior", "value": 2.47, "status": "verified", "sourceValue": 2.47, "notes": "", "unit": "USD/share", "currency": "USD", "accountingBasis": "Company non-IFRS total DE/share; split/special-distribution adjustments as noted" } ] }, { "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.12 Asset Management, quarterly fee-related earnings", "period": "Q2 2026 vs Q2 2025", "currency": "USD", "units": "USD 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June30", "period": "30 June 2026 vs 30 June 2025", "currency": "USD", "units": "USD million", "accountingBasis": "Company-defined asset-manager fee-bearing capital", "statementStatus": "unaudited interim statement or issuer supplemental disclosure", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/latestMetrics/3/value", "value": 672159, "status": "verified", "sourceValue": 672159, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Company-defined asset-manager fee-bearing capital" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/latestMetrics/3/prior", "value": 562735, "status": "verified", "sourceValue": 562735, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Company-defined asset-manager fee-bearing capital" } ] }, { "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.28 Capitalization, Corporate borrowings", "period": "30 June 2026 vs 31 December 2025", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS corporate borrowings only", "statementStatus": "unaudited interim statement or issuer supplemental disclosure", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/latestMetrics/4/value", "value": 14711, "status": "verified", "sourceValue": 14711, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "IFRS corporate borrowings only" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/latestMetrics/4/prior", "value": 14301, "status": "verified", "sourceValue": 14301, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "IFRS corporate borrowings only" } ] }, { "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.28 Capitalization, non-recourse 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Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@BN/latestMetrics/2/explanation", "claim": { "meaning": "Fees left after the asset manager's operating costs, using its accounting definition.", "why": "Recurring fees can be more dependable than occasional investment-sale profits.", "watch": "These are asset-manager-level earnings. They are not all owned by BN shareholders." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental pp.6,12,28: DE/share, fee-bearing capital/FRE, capitalization", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@BN/latestMetrics/4/explanation", "claim": { "meaning": "Borrowings with recourse to Brookfield Corporation itself.", "why": "Shows financing obligations the parent must support.", "watch": "Keep separate from debt of managed entities, which generally has no recourse to the parent." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental pp.6,12,28: DE/share, fee-bearing capital/FRE, capitalization", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@BN/limitations/0", "claim": "DE and fee-related earnings are company-defined non-IFRS measures, not industrial FCF.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108526000006/bn-20251231_d2.htm", "locator": "Non-IFRS glossary: Distributable Earnings and fee-related earnings", "notes": "Non-IFRS measures are distinct from industrial FCF." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@BN/limitations/1", "claim": "Per-share comparisons are adjusted for the October 2025 three-for-two split.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/brookfield-bn/reports-filings/annual-reports/2025/Five-Year%20Financial%20Record.pdf", "locator": "Five-Year Financial Record, split footnote", "notes": "Three-for-two split effective October9,2025; EPS/DE series is retroactively adjusted." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@BN/limitations/2", "claim": "Deployable capital includes affiliates and uncalled third-party commitments; do not call it parent cash.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000117184326005474/exh_991.htm", "locator": "Deployable Capital and Liquidity disclosure", "notes": "Deployable capital includes affiliates and third-party undrawn commitments; it is not BN parent cash." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@BN/limitations/3", "claim": "Oaktree completion in July is a subsequent event, not a June balance-sheet holding change.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000117184326005474/exh_991.htm", "locator": "Asset Management operating highlights", "notes": "Issuer explicitly says Oaktree acquisition completed in July; do not backdate it into June ownership." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@BN", "claim": { "comparedFields": [ "/holdings/@BN/revenue", "/holdings/@BN/priorRevenue", "/holdings/@BN/de", "/holdings/@BN/dePerShare", "/holdings/@BN/deBefore", "/holdings/@BN/deBeforePerShare" ], "periods": [ "FY2025 (prior FY2024)", "FY2025" ], "comparedValues": [ { "path": "/holdings/@BN/revenue", "siteValue": 75100, "sourceValue": 75100, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108526000006/bn-20251231_d2.htm", "locator": "Annual consolidated results and DE reconciliation" }, { "path": "/holdings/@BN/priorRevenue", "siteValue": 86006, "sourceValue": 86006, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108526000006/bn-20251231_d2.htm", "locator": "Annual consolidated results and DE reconciliation" }, { "path": "/holdings/@BN/de", "siteValue": 6008, "sourceValue": 6008, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108526000006/bn-20251231_d2.htm", "locator": "Annual consolidated results and DE reconciliation" }, { "path": "/holdings/@BN/dePerShare", "siteValue": 2.54, "sourceValue": 2.54, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/brookfield-bn/reports-filings/annual-reports/2025/Five-Year%20Financial%20Record.pdf", "locator": "Five-Year Financial Record" }, { "path": "/holdings/@BN/deBefore", "siteValue": 5386, "sourceValue": 5386, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108526000006/bn-20251231_d2.htm", "locator": "Annual consolidated results and DE reconciliation" }, { "path": "/holdings/@BN/deBeforePerShare", "siteValue": 2.27, "sourceValue": 2.27, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/brookfield-bn/reports-filings/annual-reports/2025/Five-Year%20Financial%20Record.pdf", "locator": "Five-Year Financial Record" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108526000006/bn-20251231_d2.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@BN/latestMetrics", "claim": { "comparedFields": [ "/companies/@BN/latestMetrics/0/value", "/companies/@BN/latestMetrics/0/prior", "/companies/@BN/latestMetrics/1/value", "/companies/@BN/latestMetrics/1/prior", "/companies/@BN/latestMetrics/2/value", "/companies/@BN/latestMetrics/2/prior", "/companies/@BN/latestMetrics/3/value", "/companies/@BN/latestMetrics/3/prior", "/companies/@BN/latestMetrics/4/value", "/companies/@BN/latestMetrics/4/prior", "/companies/@BN/latestMetrics/5/value", "/companies/@BN/latestMetrics/5/prior", "/companies/@BN/latestMetrics/6/value", "/companies/@BN/latestMetrics/6/prior" ], "periods": [ "TTM June 2026 vs TTM June 2025", "Q2 2026 vs Q2 2025", "30 June 2026 vs 30 June 2025", "30 June 2026 vs 31 December 2025" ], "comparedValues": [ { "path": "/companies/@BN/latestMetrics/0/value", "siteValue": 2.39, "sourceValue": 2.39, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.6 Operating Results, last-twelve-month DE before realizations/share" }, { "path": "/companies/@BN/latestMetrics/0/prior", "siteValue": 2.24, "sourceValue": 2.24, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.6 Operating Results, last-twelve-month DE before realizations/share" }, { "path": "/companies/@BN/latestMetrics/1/value", "siteValue": 2.61, "sourceValue": 2.61, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.6 Operating Results, last-twelve-month total DE/share" }, { "path": "/companies/@BN/latestMetrics/1/prior", "siteValue": 2.47, "sourceValue": 2.47, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.6 Operating Results, last-twelve-month total DE/share" }, { "path": "/companies/@BN/latestMetrics/2/value", "siteValue": 808, "sourceValue": 808, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.12 Asset Management, quarterly fee-related earnings" }, { "path": "/companies/@BN/latestMetrics/2/prior", "siteValue": 676, "sourceValue": 676, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.12 Asset Management, quarterly fee-related earnings" }, { "path": "/companies/@BN/latestMetrics/3/value", "siteValue": 672159, "sourceValue": 672159, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.12 Asset Management, fee-bearing capital as of June30" }, { "path": "/companies/@BN/latestMetrics/3/prior", "siteValue": 562735, "sourceValue": 562735, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.12 Asset Management, fee-bearing capital as of June30" }, { "path": "/companies/@BN/latestMetrics/4/value", "siteValue": 14711, "sourceValue": 14711, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.28 Capitalization, Corporate borrowings" }, { "path": "/companies/@BN/latestMetrics/4/prior", "siteValue": 14301, "sourceValue": 14301, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.28 Capitalization, Corporate borrowings" }, { "path": "/companies/@BN/latestMetrics/5/value", "siteValue": 250271, "sourceValue": 250271, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.28 Capitalization, non-recourse borrowings in managed entities, subsidiary and asset-specific rows combined" }, { "path": "/companies/@BN/latestMetrics/5/prior", "siteValue": 245311, "sourceValue": 245311, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.28 Capitalization, non-recourse borrowings in managed entities, subsidiary and asset-specific rows combined" }, { "path": "/companies/@BN/latestMetrics/6/value", "siteValue": 520, "sourceValue": 520, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.6 Operating Results, last-twelve-month realized carried interest, net" }, { "path": "/companies/@BN/latestMetrics/6/prior", "siteValue": 487, "sourceValue": 487, "status": "verified", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Q2 supplemental p.6 Operating Results, last-twelve-month realized carried interest, net" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://bn.brookfield.com/sites/brookfield-bn-v2/files/Brookfield-BN-IR-V2/2026/Q2/2026-Q2-BN-Supplemental.pdf", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@BN/history", "claim": { "comparedFields": [ "/companies/@BN/history/0/revenue", "/companies/@BN/history/0/netIncome", "/companies/@BN/history/0/ocf", "/companies/@BN/history/0/eps", "/companies/@BN/history/0/equity", "/companies/@BN/history/0/cash", "/companies/@BN/history/0/debt", "/companies/@BN/history/1/revenue", "/companies/@BN/history/1/netIncome", "/companies/@BN/history/1/ocf", "/companies/@BN/history/1/eps", "/companies/@BN/history/1/equity", "/companies/@BN/history/1/cash", "/companies/@BN/history/1/debt", "/companies/@BN/history/2/revenue", "/companies/@BN/history/2/netIncome", "/companies/@BN/history/2/ocf", "/companies/@BN/history/2/eps", "/companies/@BN/history/2/equity", "/companies/@BN/history/2/cash", "/companies/@BN/history/2/debt", "/companies/@BN/history/3/revenue", "/companies/@BN/history/3/netIncome", "/companies/@BN/history/3/ocf", "/companies/@BN/history/3/eps", "/companies/@BN/history/3/equity", "/companies/@BN/history/3/cash", "/companies/@BN/history/3/debt", "/companies/@BN/history/4/revenue", "/companies/@BN/history/4/netIncome", "/companies/@BN/history/4/ocf", "/companies/@BN/history/4/eps", "/companies/@BN/history/4/equity", "/companies/@BN/history/4/cash", "/companies/@BN/history/4/debt" ], "periods": [ "FY2021", "FY2022", "FY2023", "FY2024", "FY2025" ], "comparedValues": [ { "path": "/companies/@BN/history/0/revenue", "siteValue": 75731, "sourceValue": 75731, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108522000008/bam-20211231_d2.htm", "locator": "Consolidated income/cash flow/balance sheets; 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Text/scope changes and backfills await root review; no company-wide assurance is inferred beyond the enumerated mapped observations and claims.", "originalUnresolved": [ "Amounts reconcile within stated reporting precision; listed text/scope corrections await root review and application." ], "correctionsApplied": 5, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 90 }, "sourceCount": 6 }, { "id": "qsr", "status": "verified", "periodsReviewed": [ "2025-01-01/2025-12-31", "2024-01-01/2024-12-31", "FY2025", "31 December 2025", "2021-01-01/2021-12-31", "FY2021", "31 December 2021", "2022-01-01/2022-12-31", "FY2022", "31 December 2022", "2023-01-01/2023-12-31", "FY2023", "31 December 2023", "FY2024", "31 December 2024", "30 June 2026", "31 July 2026", "2026-01-01/2026-06-30", "H1 2026", "2025-01-01/2025-06-30", "H1 2025", "TTM June 2026", "Q2 2026 vs Q2 2025", "30 June 2026 vs 30 June 2025", "TTM June 2026 vs TTM June 2025" ], "summary": "Completed source review: 133 source checks, 20 arithmetic checks, 0 unverified checks. 1 dated field or wording changes applied. 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Preserve site scope notes.", "unit": "times", "currency": null, "accountingBasis": "Company non-GAAP net leverage / LTM adjusted EBITDA" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000006/qsr_20251231xpressrelease.htm", "locator": "Consolidated operational highlights (2021–22 specifically excluding Russia table); financial highlights/net leverage/FCF", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "Company non-GAAP net debt including finance leases, excluding operating leases", "statementStatus": "issuer annual earnings release or supplemental financial record; non-GAAP items not audited measures", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@QSR/businessHistory/4/metrics/4/value", "value": 12506, "status": "verified", "sourceValue": 12506, "notes": "2021–22 comp sales exclude Russia and Firehouse; 2021 restaurant count includes acquired Firehouse while growth excludes acquisition. Preserve site scope notes.", "unit": "USD million", "currency": "USD", "accountingBasis": "Company non-GAAP net debt including finance leases, excluding operating leases" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000006/qsr_20251231xpressrelease.htm", "locator": "Consolidated operational highlights (2021–22 specifically excluding Russia table); financial highlights/net leverage/FCF", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "Company non-GAAP FCF, OCF less PP&E", "statementStatus": "issuer annual earnings release or supplemental financial record; non-GAAP items not audited measures", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@QSR/businessHistory/4/metrics/5/value", "value": 1449, "status": "verified", "sourceValue": 1449, "notes": "2021–22 comp sales exclude Russia and Firehouse; 2021 restaurant count includes acquired Firehouse while growth excludes acquisition. Preserve site scope notes.", "unit": "USD million", "currency": "USD", "accountingBasis": "Company non-GAAP FCF, OCF less PP&E" } ] } ], "claims": [ { "file": "pershing-data.json", "pathOrText": "/holdings/@QSR/economics", "claim": "Collects franchise royalties and rents, plus supply-chain revenue, across Burger King, Tim Hortons, Popeyes and Firehouse Subs. Franchisees fund most restaurants. Brand scale helps expansion, but weak franchisee profits eventually hurt the parent. Watch traffic, store economics, openings and debt.", "verdict": "supported_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Item 1 Business franchise/restaurant/supply-chain descriptions; franchisee financial-health risks", "notes": "Four brands, royalties, rents and supply-chain revenue match filed model. Most restaurant funding is franchisee-funded; company restaurant ownership including Carrols does not invalidate most. Brand scale/profitability effects are neutral analytical mechanisms." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@QSR/note", "claim": "FCF uses continuing-operation cash flows. P/FCF uses current price × FY2025 common shares plus exchangeable units, rather than an unverified listed-only market cap. Book value uses parent common equity and actual common shares. EBITDA is company adjusted EBITDA.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Cash flow / EPS / Partnership exchangeable units notes; Q2 FCF reconciliation", "notes": "Common and exchangeable units are one-for-one economic equivalents; common book value uses parent equity and actual common shares. Company FCF continuing perimeter matches site. Current market price is separately dated and was not verified in this fundamental audit." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/latestMetrics/0/explanation", "claim": { "meaning": "Sales growth at restaurants old enough to be compared with last year.", "why": "Shows whether existing restaurants are selling more, rather than growth coming only from new openings.", "watch": "Price increases can lift sales even when fewer people visit. Check transactions and franchisee profit when disclosed." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated operational highlights; net leverage and trailing-12-month FCF reconciliations", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/latestMetrics/1/explanation", "claim": { "meaning": "The growth in restaurant numbers after closures.", "why": "More profitable restaurants can generate more royalty income.", "watch": "Openings create value only if franchisees earn enough to keep investing." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated operational highlights; net leverage and trailing-12-month FCF reconciliations", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/latestMetrics/3/explanation", "claim": { "meaning": "Debt less cash divided by company-adjusted annual earnings before interest, tax and depreciation.", "why": "Shows the scale of debt compared with the earnings supporting it.", "watch": "Adjusted EBITDA is not cash available for repayments; dividends, taxes and investment also use cash." }, "verdict": "needs_clarification", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated operational highlights; net leverage and trailing-12-month FCF reconciliations", "notes": "Underlying leverage figures reconcile; meaning text omits amortization and should specify LTM. See exact text correction." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/limitations/0", "claim": "System sales are franchisee and company-restaurant sales, not RBI consolidated revenue.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Item1 Business; system sales definitions", "notes": "Systemwide sales include franchisee restaurants and are not consolidated revenue." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/limitations/1", "claim": "FY2023–2025 and H1 comparisons use continuing operations consistently from the FY2025 10-K and Q2 2026 release; discontinued cash flows are excluded.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Consolidated statements, discontinued-operations note and Q2 2026 release p.17 FCF bridge", "notes": "2023–25/H1 cash-flow series uses continuing operations; separate discontinued amounts are excluded." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/limitations/2", "claim": "RBI has exchangeable partnership units: basic common shares alone do not represent the whole earnings claim. Use reported diluted EPS for P/E; use common shares plus exchangeable units for a transparent whole-business equity/FCF proxy, subject to smaller other-NCI differences.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Note15 Noncontrolling Interests; earnings per share note", "notes": "Exchangeable units are one-for-one economic equivalents. Holding common-equity book value uses parent common equity/common shares; whole-business FCF numerator includes subsidiary amounts and smaller other NCI." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/limitations/3", "claim": "History FCF per diluted equivalent share is a calculated proxy using rounded reported weighted-average diluted shares, including exchangeable conversion; period-end equivalent shares are separately dated.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Earnings per share note and period-end balance sheet", "notes": "Weighted diluted equivalent shares differ from period-end economic shares. FCF per diluted equivalent is explicitly a site proxy." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/limitations/4", "claim": "H1 2026 GAAP net income includes discrete tax benefits; adjusted earnings exclude them. Franchisee traffic and profitability are not quantified here.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Footnotes to Reconciliation Tables, p.19 note3", "notes": "H1 GAAP tax benefits arise from intragroup reorganizations; adjusted effective rate excludes those effects. No franchisee traffic/profit metric is published in this site row." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/limitations/5", "claim": "Compensation inputs combine share-based compensation and non-cash incentive compensation, matching the issuer’s cash-flow row. Calculated TTM is $140m from rounded annual/YTD components; the issuer’s directly reported LTM reconciliation is $139m due to rounding.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "p.18 Adjusted EBITDA reconciliation; p.19 footnote1", "notes": "Source LTM compensation is139 USDm; displayed rounded inputs151+70−81 produce140 USDm. The one-million difference is explicitly identified as rounding; the row includes noncash incentive compensation." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/latestMetrics/3/explanation/meaning", "claim": "Debt less cash divided by company-adjusted trailing-twelve-month earnings before interest, taxes, depreciation and amortization.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release pp.13–14 non-GAAP definitions; p.17 Reconciliation of Net Leverage", "notes": "The EBITDA expansion omits amortization; the denominator is LTM adjusted EBITDA, not a generic annual figure.", "originalClaim": "Debt less cash divided by company-adjusted annual earnings before interest, tax and depreciation." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@QSR", "claim": { "comparedFields": [ "/holdings/@QSR/revenue", "/holdings/@QSR/priorRevenue", "/holdings/@QSR/ocf", "/holdings/@QSR/priorOcf", "/holdings/@QSR/capex", "/holdings/@QSR/priorCapex", "/holdings/@QSR/eps", "/holdings/@QSR/companyEbitda", "/holdings/@QSR/equity", "/holdings/@QSR/shares", "/holdings/@QSR/economicShares" ], "periods": [ "2025-01-01/2025-12-31", "2024-01-01/2024-12-31", "FY2025", "31 December 2025" ], "comparedValues": [ { "path": "/holdings/@QSR/revenue", "siteValue": 9434, "sourceValue": 9434.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@QSR/priorRevenue", "siteValue": 8406, "sourceValue": 8406.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/holdings/@QSR/ocf", "siteValue": 1714, "sourceValue": 1714.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@QSR/priorOcf", "siteValue": 1503, "sourceValue": 1503.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/holdings/@QSR/capex", "siteValue": 265, "sourceValue": 265.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@QSR/priorCapex", "siteValue": 201, "sourceValue": 201.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/holdings/@QSR/eps", "siteValue": 2.63, "sourceValue": 2.63, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@QSR/companyEbitda", "siteValue": 2970, "sourceValue": 2970, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000006/qsr_20251231xpressrelease.htm", "locator": "Adjusted EBITDA reconciliation" }, { "path": "/holdings/@QSR/equity", "siteValue": 3634, "sourceValue": 3634, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Consolidated balance sheet common shares; parent stockholders equity" }, { "path": "/holdings/@QSR/shares", "siteValue": 346.323165, "sourceValue": 346.323165, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Consolidated balance sheet common shares; parent stockholders equity" }, { "path": "/holdings/@QSR/economicShares", "siteValue": 455.67971, "sourceValue": 455.67971, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Balance sheet and Note 15 Noncontrolling Interests, Partnership exchangeable units" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/history", "claim": { "comparedFields": [ "/companies/@QSR/history/0/revenue", "/companies/@QSR/history/0/ocf", "/companies/@QSR/history/0/capex", "/companies/@QSR/history/0/fcf", "/companies/@QSR/history/0/netIncome", "/companies/@QSR/history/0/operatingIncome", "/companies/@QSR/history/0/sbc", "/companies/@QSR/history/0/dilutedShares", "/companies/@QSR/history/0/eps", "/companies/@QSR/history/0/cash", "/companies/@QSR/history/0/netDebt", "/companies/@QSR/history/1/revenue", "/companies/@QSR/history/1/ocf", "/companies/@QSR/history/1/capex", "/companies/@QSR/history/1/fcf", "/companies/@QSR/history/1/netIncome", "/companies/@QSR/history/1/operatingIncome", "/companies/@QSR/history/1/sbc", "/companies/@QSR/history/1/dilutedShares", "/companies/@QSR/history/1/eps", "/companies/@QSR/history/1/cash", "/companies/@QSR/history/1/netDebt", "/companies/@QSR/history/2/revenue", "/companies/@QSR/history/2/ocf", "/companies/@QSR/history/2/capex", "/companies/@QSR/history/2/fcf", "/companies/@QSR/history/2/dilutedShares", "/companies/@QSR/history/2/operatingIncome", "/companies/@QSR/history/2/netIncome", "/companies/@QSR/history/2/sbc", "/companies/@QSR/history/2/eps", "/companies/@QSR/history/2/cash", "/companies/@QSR/history/2/netDebt", "/companies/@QSR/history/3/revenue", "/companies/@QSR/history/3/ocf", "/companies/@QSR/history/3/capex", "/companies/@QSR/history/3/fcf", "/companies/@QSR/history/3/dilutedShares", "/companies/@QSR/history/3/operatingIncome", "/companies/@QSR/history/3/netIncome", "/companies/@QSR/history/3/sbc", "/companies/@QSR/history/3/eps", "/companies/@QSR/history/3/cash", "/companies/@QSR/history/3/netDebt", "/companies/@QSR/history/4/revenue", "/companies/@QSR/history/4/ocf", "/companies/@QSR/history/4/capex", "/companies/@QSR/history/4/fcf", "/companies/@QSR/history/4/dilutedShares", "/companies/@QSR/history/4/operatingIncome", "/companies/@QSR/history/4/netIncome", "/companies/@QSR/history/4/sbc", "/companies/@QSR/history/4/eps", "/companies/@QSR/history/4/cash", "/companies/@QSR/history/4/netDebt" ], "periods": [ "2021-01-01/2021-12-31", "FY2021", "31 December 2021", "2022-01-01/2022-12-31", "FY2022", "31 December 2022", "2023-01-01/2023-12-31", "FY2023", "31 December 2023", "2024-01-01/2024-12-31", "FY2024", "31 December 2024", "2025-01-01/2025-12-31", "FY2025", "31 December 2025" ], "comparedValues": [ { "path": "/companies/@QSR/history/0/revenue", "siteValue": 5739, "sourceValue": 5739.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@QSR/history/0/ocf", "siteValue": 1726, "sourceValue": 1726.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@QSR/history/0/capex", "siteValue": 106, "sourceValue": 106.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@QSR/history/0/fcf", "siteValue": 1620, "sourceValue": 1620, "status": "calculated", "sourceUrl": "https://www.rbi.com/English/news/news-details/2023/Restaurant-Brands-International-Inc.-Reports-Full-Year-and-Fourth-Quarter-2022-Results/default.aspx", "locator": "Consolidated Statements of Cash Flows; Continuing operation OCF minus PP&E cash purchases; same company non-GAAP FCF definition" }, { "path": "/companies/@QSR/history/0/netIncome", "siteValue": 1253, "sourceValue": 1253.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:ProfitLoss; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@QSR/history/0/operatingIncome", "siteValue": 1879, "sourceValue": 1879.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@QSR/history/0/sbc", "siteValue": 102, "sourceValue": 102.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@QSR/history/0/dilutedShares", "siteValue": 464, "sourceValue": 464.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@QSR/history/0/eps", "siteValue": 2.69, "sourceValue": 2.69, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:EarningsPerShareDiluted; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@QSR/history/0/cash", "siteValue": 1087, "sourceValue": 1087.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@QSR/history/0/netDebt", "siteValue": 12396, "sourceValue": 12396, "status": "verified", "sourceUrl": "https://www.rbi.com/English/news/news-details/2023/Restaurant-Brands-International-Inc.-Reports-Full-Year-and-Fourth-Quarter-2022-Results/default.aspx", "locator": "Consolidated financial highlights and net leverage reconciliation" }, { "path": "/companies/@QSR/history/1/revenue", "siteValue": 6505, "sourceValue": 6505.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@QSR/history/1/ocf", "siteValue": 1490, "sourceValue": 1490.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@QSR/history/1/capex", "siteValue": 100, "sourceValue": 100.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@QSR/history/1/fcf", "siteValue": 1390, "sourceValue": 1390, "status": "calculated", "sourceUrl": "https://www.rbi.com/English/news/news-details/2023/Restaurant-Brands-International-Inc.-Reports-Full-Year-and-Fourth-Quarter-2022-Results/default.aspx", "locator": "Consolidated Statements of Cash Flows; Continuing operation OCF minus PP&E cash purchases; same company non-GAAP FCF definition" }, { "path": "/companies/@QSR/history/1/netIncome", "siteValue": 1482, "sourceValue": 1482.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:ProfitLoss; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@QSR/history/1/operatingIncome", "siteValue": 1898, "sourceValue": 1898.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@QSR/history/1/sbc", "siteValue": 136, "sourceValue": 136.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@QSR/history/1/dilutedShares", "siteValue": 455, "sourceValue": 455.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@QSR/history/1/eps", "siteValue": 3.25, "sourceValue": 3.25, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:EarningsPerShareDiluted; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@QSR/history/1/cash", "siteValue": 1178, "sourceValue": 1178.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Inline-XBRL us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@QSR/history/1/netDebt", "siteValue": 12210, "sourceValue": 12210, "status": "verified", "sourceUrl": "https://www.rbi.com/English/news/news-details/2023/Restaurant-Brands-International-Inc.-Reports-Full-Year-and-Fourth-Quarter-2022-Results/default.aspx", "locator": "Consolidated financial highlights and net leverage reconciliation" }, { "path": "/companies/@QSR/history/2/revenue", "siteValue": 7022, "sourceValue": 7022.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@QSR/history/2/ocf", "siteValue": 1323, "sourceValue": 1323.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@QSR/history/2/capex", "siteValue": 120, "sourceValue": 120.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@QSR/history/2/fcf", "siteValue": 1203, "sourceValue": 1203, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000015/qsr_20231231xpressreleasex.htm", "locator": "Consolidated Statements of Cash Flows; 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context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@QSR/history/2/sbc", "siteValue": 194, "sourceValue": 194.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@QSR/history/2/eps", "siteValue": 3.76, "sourceValue": 3.76, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@QSR/history/2/cash", "siteValue": 1139, "sourceValue": 1139.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@QSR/history/2/netDebt", "siteValue": 12250, "sourceValue": 12250, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000015/qsr_20231231xpressreleasex.htm", "locator": "Consolidated financial highlights and net leverage reconciliation" }, { "path": "/companies/@QSR/history/3/revenue", "siteValue": 8406, "sourceValue": 8406.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@QSR/history/3/ocf", "siteValue": 1503, "sourceValue": 1503.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@QSR/history/3/capex", "siteValue": 201, "sourceValue": 201.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@QSR/history/3/fcf", "siteValue": 1302, "sourceValue": 1302, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000006/qsr_20251231xpressrelease.htm", "locator": "Consolidated Statements of Cash Flows; Continuing operation OCF minus PP&E cash purchases; same company non-GAAP FCF definition" }, { "path": "/companies/@QSR/history/3/dilutedShares", "siteValue": 454, "sourceValue": 454.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@QSR/history/3/operatingIncome", "siteValue": 2419, "sourceValue": 2419.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@QSR/history/3/netIncome", "siteValue": 1445, "sourceValue": 1445.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@QSR/history/3/sbc", "siteValue": 172, "sourceValue": 172.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@QSR/history/3/eps", "siteValue": 3.18, "sourceValue": 3.18, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@QSR/history/3/cash", "siteValue": 1334, "sourceValue": 1334.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@QSR/history/3/netDebt", "siteValue": 12746, "sourceValue": 12746, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000006/qsr_20251231xpressrelease.htm", "locator": "Consolidated financial highlights and net leverage reconciliation" }, { "path": "/companies/@QSR/history/4/revenue", "siteValue": 9434, "sourceValue": 9434.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/history/4/ocf", "siteValue": 1714, "sourceValue": 1714.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/history/4/capex", "siteValue": 265, "sourceValue": 265.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/history/4/fcf", "siteValue": 1449, "sourceValue": 1449, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000006/qsr_20251231xpressrelease.htm", "locator": "Consolidated Statements of Cash Flows; Continuing operation OCF minus PP&E cash purchases; same company non-GAAP FCF definition" }, { "path": "/companies/@QSR/history/4/dilutedShares", "siteValue": 457, "sourceValue": 457.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/history/4/operatingIncome", "siteValue": 2202, "sourceValue": 2202.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/history/4/netIncome", "siteValue": 1201, "sourceValue": 1201.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/history/4/sbc", "siteValue": 151, "sourceValue": 151.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/history/4/eps", "siteValue": 2.63, "sourceValue": 2.63, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/history/4/cash", "siteValue": 1163, "sourceValue": 1163.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/history/4/netDebt", "siteValue": 12506, "sourceValue": 12506, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000006/qsr_20251231xpressrelease.htm", "locator": "Consolidated financial highlights and net leverage reconciliation" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875624000020/qsr-20231231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/balance", "claim": { "comparedFields": [ "/companies/@QSR/balance/commonShares", "/companies/@QSR/balance/exchangeableUnits", "/companies/@QSR/balance/endShares", "/companies/@QSR/balance/valuationShares", "/companies/@QSR/balance/commonEquity", "/companies/@QSR/balance/cash", "/companies/@QSR/balance/netDebt" ], "periods": [ "30 June 2026" ], "comparedValues": [ { "path": "/companies/@QSR/balance/commonShares", "siteValue": 349.205651, "sourceValue": 349.205651, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Consolidated balance sheet and Note 15 Partnership exchangeable units" }, { "path": "/companies/@QSR/balance/exchangeableUnits", "siteValue": 105.753373, "sourceValue": 105.753373, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Consolidated balance sheet and Note 15 Partnership exchangeable units" }, { "path": "/companies/@QSR/balance/endShares", "siteValue": 454.959024, "sourceValue": 454.959024, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Common shares + one-for-one exchangeable units; special voting share is not extra economic share." }, { "path": "/companies/@QSR/balance/valuationShares", "siteValue": 454.959024, "sourceValue": 454.959024, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Common shares + one-for-one exchangeable units; special voting share is not extra economic share." }, { "path": "/companies/@QSR/balance/commonEquity", "siteValue": 3850, "sourceValue": 3850, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Consolidated balance sheet and Note 15 Partnership exchangeable units" }, { "path": "/companies/@QSR/balance/cash", "siteValue": 1063, "sourceValue": 1063, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Consolidated balance sheet and Note 15 Partnership exchangeable units" }, { "path": "/companies/@QSR/balance/netDebt", "siteValue": 12546, "sourceValue": 12546, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Net Leverage reconciliation" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/subsequentShares", "claim": { "comparedFields": [ "/companies/@QSR/subsequentShares/commonShares", "/companies/@QSR/subsequentShares/exchangeableUnits", "/companies/@QSR/subsequentShares/valuationShares" ], "periods": [ "31 July 2026" ], "comparedValues": [ { "path": "/companies/@QSR/subsequentShares/commonShares", "siteValue": 348.758065, "sourceValue": 348.758065, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "10-Q cover page as-of July 31 share counts" }, { "path": "/companies/@QSR/subsequentShares/exchangeableUnits", "siteValue": 105.750828, "sourceValue": 105.750828, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "10-Q cover page as-of July 31 share counts" }, { "path": "/companies/@QSR/subsequentShares/valuationShares", "siteValue": 454.508893, "sourceValue": 454.508893, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Cover-page common shares + exchangeable units, subsequent to balance-sheet date" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/annual", "claim": { "comparedFields": [ "/companies/@QSR/annual/revenue", "/companies/@QSR/annual/operatingIncome", "/companies/@QSR/annual/netIncome", "/companies/@QSR/annual/ocf", "/companies/@QSR/annual/capex", "/companies/@QSR/annual/sbc", "/companies/@QSR/annual/fcf", "/companies/@QSR/annual/dilutedShares", "/companies/@QSR/annual/eps" ], "periods": [ "2025-01-01/2025-12-31", "FY2025" ], "comparedValues": [ { "path": "/companies/@QSR/annual/revenue", "siteValue": 9434, "sourceValue": 9434.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/annual/operatingIncome", "siteValue": 2202, "sourceValue": 2202.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/annual/netIncome", "siteValue": 1201, "sourceValue": 1201.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/annual/ocf", "siteValue": 1714, "sourceValue": 1714.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/annual/capex", "siteValue": 265, "sourceValue": 265.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/annual/sbc", "siteValue": 151, "sourceValue": 151.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/annual/fcf", "siteValue": 1449, "sourceValue": 1449, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000006/qsr_20251231xpressrelease.htm", "locator": "Continuing operation OCF minus PP&E cash purchases; same company non-GAAP FCF definition" }, { "path": "/companies/@QSR/annual/dilutedShares", "siteValue": 457, "sourceValue": 457.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@QSR/annual/eps", "siteValue": 2.63, "sourceValue": 2.63, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000017/qsr-20251231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/ytd", "claim": { "comparedFields": [ "/companies/@QSR/ytd/revenue", "/companies/@QSR/ytd/operatingIncome", "/companies/@QSR/ytd/netIncome", "/companies/@QSR/ytd/ocf", "/companies/@QSR/ytd/capex", "/companies/@QSR/ytd/sbc", "/companies/@QSR/ytd/fcf", "/companies/@QSR/ytd/dilutedShares", "/companies/@QSR/ytd/eps" ], "periods": [ "2026-01-01/2026-06-30", "H1 2026" ], "comparedValues": [ { "path": "/companies/@QSR/ytd/revenue", "siteValue": 4784, "sourceValue": 4784.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2026-01-01–2026-06-30 or instant 2026-06-30; dimensions none" }, { "path": "/companies/@QSR/ytd/operatingIncome", "siteValue": 1322, "sourceValue": 1322.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2026-01-01–2026-06-30 or instant 2026-06-30; dimensions none" }, { "path": "/companies/@QSR/ytd/netIncome", "siteValue": 1110, "sourceValue": 1110.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest; context 2026-01-01–2026-06-30 or instant 2026-06-30; dimensions none" }, { "path": "/companies/@QSR/ytd/ocf", "siteValue": 757, "sourceValue": 757.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2026-01-01–2026-06-30 or instant 2026-06-30; dimensions none" }, { "path": "/companies/@QSR/ytd/capex", "siteValue": 109, "sourceValue": 109.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context 2026-01-01–2026-06-30 or instant 2026-06-30; dimensions none" }, { "path": "/companies/@QSR/ytd/sbc", "siteValue": 70, "sourceValue": 70.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2026-01-01–2026-06-30 or instant 2026-06-30; dimensions none" }, { "path": "/companies/@QSR/ytd/fcf", "siteValue": 648, "sourceValue": 648, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Continuing OCF less cash PP&E" }, { "path": "/companies/@QSR/ytd/dilutedShares", "siteValue": 459, "sourceValue": 459.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2026-01-01–2026-06-30 or instant 2026-06-30; dimensions none" }, { "path": "/companies/@QSR/ytd/eps", "siteValue": 2.42, "sourceValue": 2.42, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2026-01-01–2026-06-30 or instant 2026-06-30; dimensions none" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/priorYtd", "claim": { "comparedFields": [ "/companies/@QSR/priorYtd/revenue", "/companies/@QSR/priorYtd/operatingIncome", "/companies/@QSR/priorYtd/netIncome", "/companies/@QSR/priorYtd/ocf", "/companies/@QSR/priorYtd/capex", "/companies/@QSR/priorYtd/sbc", "/companies/@QSR/priorYtd/fcf", "/companies/@QSR/priorYtd/dilutedShares", "/companies/@QSR/priorYtd/eps" ], "periods": [ "2025-01-01/2025-06-30", "H1 2025" ], "comparedValues": [ { "path": "/companies/@QSR/priorYtd/revenue", "siteValue": 4519, "sourceValue": 4519.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2025-01-01–2025-06-30 or instant 2025-06-30; dimensions none" }, { "path": "/companies/@QSR/priorYtd/operatingIncome", "siteValue": 918, "sourceValue": 918.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:OperatingIncomeLoss; context 2025-01-01–2025-06-30 or instant 2025-06-30; dimensions none" }, { "path": "/companies/@QSR/priorYtd/netIncome", "siteValue": 487, "sourceValue": 487.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest; context 2025-01-01–2025-06-30 or instant 2025-06-30; dimensions none" }, { "path": "/companies/@QSR/priorYtd/ocf", "siteValue": 567, "sourceValue": 567.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2025-01-01–2025-06-30 or instant 2025-06-30; dimensions none" }, { "path": "/companies/@QSR/priorYtd/capex", "siteValue": 102, "sourceValue": 102.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; context 2025-01-01–2025-06-30 or instant 2025-06-30; dimensions none" }, { "path": "/companies/@QSR/priorYtd/sbc", "siteValue": 81, "sourceValue": 81.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:ShareBasedCompensation; context 2025-01-01–2025-06-30 or instant 2025-06-30; dimensions none" }, { "path": "/companies/@QSR/priorYtd/fcf", "siteValue": 465, "sourceValue": 465, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Continuing OCF less cash PP&E" }, { "path": "/companies/@QSR/priorYtd/dilutedShares", "siteValue": 456, "sourceValue": 456.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2025-01-01–2025-06-30 or instant 2025-06-30; dimensions none" }, { "path": "/companies/@QSR/priorYtd/eps", "siteValue": 1.07, "sourceValue": 1.07, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2025-01-01–2025-06-30 or instant 2025-06-30; dimensions none" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000045/qsr-20260630.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/ttm", "claim": { "comparedFields": [ "/companies/@QSR/ttm/revenue", "/companies/@QSR/ttm/operatingIncome", "/companies/@QSR/ttm/netIncome", "/companies/@QSR/ttm/ocf", "/companies/@QSR/ttm/capex", "/companies/@QSR/ttm/sbc", "/companies/@QSR/ttm/fcf", "/companies/@QSR/ttm/eps" ], "periods": [ "TTM June 2026" ], "comparedValues": [ { "path": "/companies/@QSR/ttm/revenue", "siteValue": 9699, "sourceValue": 9699, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025; continuing operations. EPS uses rounded periods and is approximate." }, { "path": "/companies/@QSR/ttm/operatingIncome", "siteValue": 2606, "sourceValue": 2606, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025; continuing operations. EPS uses rounded periods and is approximate." }, { "path": "/companies/@QSR/ttm/netIncome", "siteValue": 1824, "sourceValue": 1824, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025; continuing operations. EPS uses rounded periods and is approximate." }, { "path": "/companies/@QSR/ttm/ocf", "siteValue": 1904, "sourceValue": 1904, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025; continuing operations. EPS uses rounded periods and is approximate." }, { "path": "/companies/@QSR/ttm/capex", "siteValue": 272, "sourceValue": 272, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025; continuing operations. EPS uses rounded periods and is approximate." }, { "path": "/companies/@QSR/ttm/sbc", "siteValue": 140, "sourceValue": 140, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025; continuing operations. EPS uses rounded periods and is approximate." }, { "path": "/companies/@QSR/ttm/fcf", "siteValue": 1632, "sourceValue": 1632, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025; continuing operations. EPS uses rounded periods and is approximate." }, { "path": "/companies/@QSR/ttm/eps", "siteValue": 3.98, "sourceValue": 3.9799999999999995, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Consolidated income and cash-flow statements / FCF reconciliation; FY2025 and H1 2026/H1 2025 columns; exact original URLs and row locators in sourceInputs. FY2025 + H1 2026 - H1 2025; continuing operations. EPS uses rounded periods and is approximate." } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/latestMetrics", "claim": { "comparedFields": [ "/companies/@QSR/latestMetrics/0/value", "/companies/@QSR/latestMetrics/0/prior", "/companies/@QSR/latestMetrics/1/value", "/companies/@QSR/latestMetrics/1/prior", "/companies/@QSR/latestMetrics/2/value", "/companies/@QSR/latestMetrics/2/prior", "/companies/@QSR/latestMetrics/3/value", "/companies/@QSR/latestMetrics/3/prior", "/companies/@QSR/latestMetrics/4/value", "/companies/@QSR/latestMetrics/4/prior", "/companies/@QSR/latestMetrics/5/value", "/companies/@QSR/latestMetrics/5/prior" ], "periods": [ "Q2 2026 vs Q2 2025", "30 June 2026 vs 30 June 2025", "TTM June 2026 vs TTM June 2025" ], "comparedValues": [ { "path": "/companies/@QSR/latestMetrics/0/value", "siteValue": 3.8, "sourceValue": 3.8, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.1 Consolidated Operational Highlights" }, { "path": "/companies/@QSR/latestMetrics/0/prior", "siteValue": 2.4, "sourceValue": 2.4, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.1 Consolidated Operational Highlights" }, { "path": "/companies/@QSR/latestMetrics/1/value", "siteValue": 2.9, "sourceValue": 2.9, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.1 Consolidated Operational Highlights" }, { "path": "/companies/@QSR/latestMetrics/1/prior", "siteValue": 2.9, "sourceValue": 2.9, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.1 Consolidated Operational Highlights" }, { "path": "/companies/@QSR/latestMetrics/2/value", "siteValue": 33156, "sourceValue": 33156, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.1 Consolidated Operational Highlights" }, { "path": "/companies/@QSR/latestMetrics/2/prior", "siteValue": 32229, "sourceValue": 32229, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.1 Consolidated Operational Highlights" }, { "path": "/companies/@QSR/latestMetrics/3/value", "siteValue": 4.1, "sourceValue": 4.1, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.17 Reconciliation of Net Leverage, Free Cash Flow, and Capex and Cash Inducements" }, { "path": "/companies/@QSR/latestMetrics/3/prior", "siteValue": 4.6, "sourceValue": 4.6, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.17 Reconciliation of Net Leverage, Free Cash Flow, and Capex and Cash Inducements" }, { "path": "/companies/@QSR/latestMetrics/4/value", "siteValue": 12546, "sourceValue": 12546, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.17 Reconciliation of Net Leverage, Free Cash Flow, and Capex and Cash Inducements" }, { "path": "/companies/@QSR/latestMetrics/4/prior", "siteValue": 13009, "sourceValue": 13009, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.17 Reconciliation of Net Leverage, Free Cash Flow, and Capex and Cash Inducements" }, { "path": "/companies/@QSR/latestMetrics/5/value", "siteValue": 1632, "sourceValue": 1632, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.17 Reconciliation of Net Leverage, Free Cash Flow, and Capex and Cash Inducements" }, { "path": "/companies/@QSR/latestMetrics/5/prior", "siteValue": 1354, "sourceValue": 1354, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release p.17 Reconciliation of Net Leverage, Free Cash Flow, and Capex and Cash Inducements" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@QSR/businessHistory", "claim": { "comparedFields": [ "/companies/@QSR/businessHistory/0/metrics/0/value", "/companies/@QSR/businessHistory/0/metrics/1/value", "/companies/@QSR/businessHistory/0/metrics/2/value", "/companies/@QSR/businessHistory/0/metrics/3/value", "/companies/@QSR/businessHistory/0/metrics/4/value", "/companies/@QSR/businessHistory/0/metrics/5/value", "/companies/@QSR/businessHistory/1/metrics/0/value", "/companies/@QSR/businessHistory/1/metrics/1/value", "/companies/@QSR/businessHistory/1/metrics/2/value", "/companies/@QSR/businessHistory/1/metrics/3/value", "/companies/@QSR/businessHistory/1/metrics/4/value", "/companies/@QSR/businessHistory/1/metrics/5/value", "/companies/@QSR/businessHistory/2/metrics/0/value", "/companies/@QSR/businessHistory/2/metrics/1/value", "/companies/@QSR/businessHistory/2/metrics/2/value", "/companies/@QSR/businessHistory/2/metrics/3/value", "/companies/@QSR/businessHistory/2/metrics/4/value", "/companies/@QSR/businessHistory/2/metrics/5/value", "/companies/@QSR/businessHistory/3/metrics/0/value", "/companies/@QSR/businessHistory/3/metrics/1/value", "/companies/@QSR/businessHistory/3/metrics/2/value", "/companies/@QSR/businessHistory/3/metrics/3/value", "/companies/@QSR/businessHistory/3/metrics/4/value", "/companies/@QSR/businessHistory/3/metrics/5/value", "/companies/@QSR/businessHistory/4/metrics/0/value", "/companies/@QSR/businessHistory/4/metrics/1/value", "/companies/@QSR/businessHistory/4/metrics/2/value", "/companies/@QSR/businessHistory/4/metrics/3/value", "/companies/@QSR/businessHistory/4/metrics/4/value", "/companies/@QSR/businessHistory/4/metrics/5/value" ], "periods": [ "FY2021", "FY2022", "FY2023", "FY2024", "FY2025" ], "comparedValues": [ { "path": "/companies/@QSR/businessHistory/0/metrics/0/value", "siteValue": 7.6, "sourceValue": 7.6, "status": "verified", "sourceUrl": "https://www.rbi.com/English/news/news-details/2023/Restaurant-Brands-International-Inc.-Reports-Full-Year-and-Fourth-Quarter-2022-Results/default.aspx", "locator": "Consolidated operational highlights (2021–22 specifically excluding Russia table); 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financial highlights/net leverage/FCF" }, { "path": "/companies/@QSR/businessHistory/4/metrics/4/value", "siteValue": 12506, "sourceValue": 12506, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000006/qsr_20251231xpressrelease.htm", "locator": "Consolidated operational highlights (2021–22 specifically excluding Russia table); financial highlights/net leverage/FCF" }, { "path": "/companies/@QSR/businessHistory/4/metrics/5/value", "siteValue": 1449, "sourceValue": 1449, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000006/qsr_20251231xpressrelease.htm", "locator": "Consolidated operational highlights (2021–22 specifically excluding Russia table); financial highlights/net leverage/FCF" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.rbi.com/English/news/news-details/2023/Restaurant-Brands-International-Inc.-Reports-Full-Year-and-Fourth-Quarter-2022-Results/default.aspx", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." } ], "corrections": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@QSR/latestMetrics/3/explanation/meaning", "oldValue": "Debt less cash divided by company-adjusted annual earnings before interest, tax and depreciation.", "newValue": "Debt less cash divided by company-adjusted trailing-twelve-month earnings before interest, taxes, depreciation and amortization.", "reason": "The EBITDA expansion omits amortization; the denominator is LTM adjusted EBITDA, not a generic annual figure.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release pp.13–14 non-GAAP definitions; p.17 Reconciliation of Net Leverage", "period": "30 June 2026", "currency": null, "units": "text label or scope note", "accountingBasis": "Company non-GAAP net leverage" } ], "unresolved": [], "batch": "special-holdings", "name": "Restaurant Brands International", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "All 153 existing non-null numerical observations compared or explicitly recalculated. 0 verified historical backfills proposed. Exact-field statuses: {'verified': 133, 'calculated': 20, 'mismatch': 0, 'not_verified': 0}. Remaining nulls have field-specific availability reasons. Text/scope changes and backfills await root review; no company-wide assurance is inferred beyond the enumerated mapped observations and claims.", "originalUnresolved": [ "Amounts reconcile within stated reporting precision; listed text/scope corrections await root review and application." ], "correctionsApplied": 1, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 133, "calculated": 20 }, "sourceCount": 7 }, { "id": "hhh", "status": "partial", "periodsReviewed": [ "2025-01-01/2025-12-31", "2024-01-01/2024-12-31", "30 June 2026", "Q2 2026 vs Q2 2025", "4–30 June 2026 acquisition stub only", "30 June 2026 / 31 December 2025", "2021-01-01/2021-12-31", "FY2021", "2022-01-01/2022-12-31", "FY2022", "31 December 2022", "2023-01-01/2023-12-31", "FY2023", "31 December 2023", "FY2024", "31 December 2024", "FY2025", "31 December 2025", "31December2021" ], "summary": "Completed source review: 77 source checks, 23 arithmetic checks, 12 unverified checks. 18 dated field or wording changes applied. 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Standalone Vantage observations are a different ownership/perimeter and are not spliced into HHH history.", "availability": "not applicable before acquisition", "unit": "percent", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://communities.howardhughes.com/press-releases/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-year-2024-results/", "locator": "Annual results and year-end balances; corresponding named metric", "period": "FY2023 / 31 December 2023", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/2/metrics/3/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. 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Standalone Vantage observations are a different ownership/perimeter and are not spliced into HHH history.", "availability": "not applicable before acquisition", "unit": "percent", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-1", "locator": "Annual results and year-end balances; corresponding named metric", "period": "FY2024 / 31 December 2024", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/3/metrics/3/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. HHH did not consolidate Vantage until4June2026; earlier HHH insurance combined ratios and claim reserves are not applicable. Standalone Vantage observations are a different ownership/perimeter and are not spliced into HHH history.", "availability": "not applicable before acquisition", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Original parent common equity / closing common shares; no preferred mezzanine in FY2021–25.", "period": "31 December 2024", "currency": "USD", "units": "USD/share", "accountingBasis": "Calculated parent common equity / closing common shares", "statementStatus": "calculated historical arithmetic from stated primary-source inputs", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/3/metrics/4/value", "value": 55.395835474193454, "status": "calculated", "sourceValue": 55.395835474193454, "notes": "Original parent common equity / closing common shares; no preferred mezzanine in FY2021–25.", "unit": "USD/share", "currency": "USD", "accountingBasis": "Calculated parent common equity / closing common shares" } ] }, { "sourceUrl": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-1", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "Company MPC segment EBT", "statementStatus": "issuer annual earnings release or supplemental financial record; non-GAAP items not audited measures", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/4/metrics/0/value", "value": 476.102, "status": "verified", "sourceValue": 476.102, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Company MPC segment EBT" } ] }, { "sourceUrl": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-1", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "Company non-GAAP Total Operating Assets NOI, including share of unconsolidated ventures", "statementStatus": "issuer annual earnings release or supplemental financial record; non-GAAP items not audited measures", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/4/metrics/1/value", "value": 276.288, "status": "verified", "sourceValue": 276.288, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "Company non-GAAP Total Operating Assets NOI, including share of unconsolidated ventures" } ] }, { "sourceUrl": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-1", "locator": "Annual results and year-end balances; corresponding named metric", "period": "FY2025 / 31 December 2025", "currency": null, "units": "percent", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/4/metrics/2/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. HHH did not consolidate Vantage until4June2026; earlier HHH insurance combined ratios and claim reserves are not applicable. Standalone Vantage observations are a different ownership/perimeter and are not spliced into HHH history.", "availability": "not applicable before acquisition", "unit": "percent", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": null } ] }, { "sourceUrl": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-1", "locator": "Annual results and year-end balances; corresponding named metric", "period": "FY2025 / 31 December 2025", "currency": "USD", "units": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "statementStatus": "not_verified", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/4/metrics/3/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Retained null. HHH did not consolidate Vantage until4June2026; earlier HHH insurance combined ratios and claim reserves are not applicable. Standalone Vantage observations are a different ownership/perimeter and are not spliced into HHH history.", "availability": "not applicable before acquisition", "unit": "USD million", "accountingBasis": "Withheld observation; no reported numerical claim", "currency": "USD" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Original parent common equity / closing common shares; no preferred mezzanine in FY2021–25.", "period": "31 December 2025", "currency": "USD", "units": "USD/share", "accountingBasis": "Calculated parent common equity / closing common shares", "statementStatus": "calculated historical arithmetic from stated primary-source inputs", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/4/metrics/4/value", "value": 63.591604382072646, "status": "calculated", "sourceValue": 63.591604382072646, "notes": "Original parent common equity / closing common shares; no preferred mezzanine in FY2021–25.", "unit": "USD/share", "currency": "USD", "accountingBasis": "Calculated parent common equity / closing common shares" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP legacy HHC including Seaport", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/equity", "value": 3709.995, "status": "verified", "sourceValue": 3709.995, "notes": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "absentInSnapshot": true, "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP legacy HHC including Seaport", "availability": "available; verified historical backfill proposed", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "verified", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/cash", "value": 843.212, "status": "verified", "sourceValue": 843.212, "notes": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "absentInSnapshot": true, "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP legacy HHC including Seaport", "availability": "available; verified historical backfill proposed", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "verified", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/debt", "value": 4591.157, "status": "verified", "sourceValue": 4591.157, "notes": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "absentInSnapshot": true, "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP legacy HHC including Seaport", "availability": "available; verified historical backfill proposed", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "verified", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": null, "units": "million shares", "accountingBasis": "US GAAP legacy HHC including Seaport", "statementStatus": "annual filing: audited consolidated statement where GAAP/IFRS; management-defined or regulatory disclosures otherwise", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/periodEndShares", "value": 54.065661, "status": "verified", "sourceValue": 54.065661, "notes": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations. Dated correction/backfill; original observation retained in reviewedSnapshotValue and correction history.", "absentInSnapshot": true, "unit": "million shares", "currency": null, "accountingBasis": "US GAAP legacy HHC including Seaport", "availability": "available; verified historical backfill proposed", "reviewedSnapshotValue": null, "reviewedSnapshotStatus": "verified", "correctedOn": "2026-10-21", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021" } ] } ], "claims": [ { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/history/2/scope", "claim": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "verdict": "corrected", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "notes": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "originalClaim": "2023–25 continuing operations recast excluding Seaport" }, { "file": "pershing-data.json", "pathOrText": "/holdings/@HHH/economics", "claim": "Develops communities, sells land to builders and rents retained properties. Contiguous land and planning control support long-term development. Vantage adds insurance underwriting and invested float from June 2026. Watch land sales, property NOI, development returns, debt and insurance reserves.", "verdict": "supported_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Item 1 Business: Master Planned Communities/Operating Assets; Q2 2026 earnings release acquisition discussion", "notes": "Land development, homebuilder sales, retained operating properties and master-plan control are disclosed. Vantage addition is supported separately by June closing/Q2 stub, not FY2025 results." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@HHH/note", "claim": "FY2025 predates Vantage and PSH's $1bn exchangeable perpetual preferred investment. Ordinary industrial FCF and a historical P/E would obscure this change. Common and preferred interests are distinct claims on the same issuer.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Vantage June 4 acquisition; common vs preferred balance-sheet presentation", "notes": "FY2025 precedes Vantage and preferred financing. 995.764m is net preferred carrying amount, distinct from stated 1bn investment. Common and preferred claims remain separated; industrial-FCF/P-E caution is analytical context." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/latestMetrics/0/explanation", "claim": { "meaning": "Profit from developing communities and selling land before tax and corporate costs.", "why": "Shows whether land development is earning worthwhile profits.", "watch": "Large land sales are irregular. Judge several years and the cash invested in development." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 results narrative; MPC EBT, Total Operating Assets NOI and balance sheet reserve rows", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/latestMetrics/1/explanation", "claim": { "meaning": "Property income after property operating costs, before financing and depreciation.", "why": "Measures earning power from occupied properties.", "watch": "Debt interest, capital improvements and corporate costs still need paying." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 results narrative; MPC EBT, Total Operating Assets NOI and balance sheet reserve rows", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/latestMetrics/2/explanation", "claim": { "meaning": "Claims and underwriting expenses for each dollar of earned insurance premiums.", "why": "Below 100% means an underwriting profit before investment income.", "watch": "This covers only 27 days and includes purchase accounting. It cannot establish a full-year trend." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 results narrative; MPC EBT, Total Operating Assets NOI and balance sheet reserve rows", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/latestMetrics/3/explanation", "claim": { "meaning": "Estimated future payments for claims already incurred.", "why": "Underestimated claims make today's insurance profits look too high.", "watch": "Track later revisions to these estimates and reinsurance recoverability." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 results narrative; MPC EBT, Total Operating Assets NOI and balance sheet reserve rows", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/latestMetrics/4/explanation", "claim": { "meaning": "Accounting equity belonging to common shareholders divided by shares outstanding.", "why": "Tracks recorded capital backing each share as the holding company develops.", "watch": "Land accounting, acquisition goodwill and the preferred funding terms mean book value differs from economic value." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Common parent equity divided by closing common shares; preferred mezzanine is separate.", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/limitations/0", "claim": "Common stockholders' equity of $3960.396m already excludes $995.764m mezzanine preferred equity; do not subtract the preferred claim again.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Consolidated Balance Sheets, June30,2026 column", "notes": "Parent stockholders equity3960.396 USDm is separate from mezzanine preferred995.764 USDm; book value numerator must not deduct preferred twice." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/limitations/1", "claim": "Vantage is consolidated only from 4 June; consolidated revenue and profit growth are not comparable run-rate measures.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Vantage acquisition and Insurance highlights", "notes": "June4–30 is a partial consolidation period; do not interpret consolidated growth as comparable run-rate growth." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/limitations/2", "claim": "Cash includes Vantage cash and is not all available for parent distribution.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://investor.howardhughes.com/static-files/2706ed40-55a9-417d-bfdd-931304e73eec", "locator": "Q2 supplemental p.15 HHC Debt & Liquidity Overview, footnote1", "notes": "HHC cash698 USDm excludes Vantage cash1.9bn and HHH parent1m; consolidated cash is not freely distributable parent cash." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/limitations/3", "claim": "Do not annualise the 27-day 95% combined ratio or mix it with Vantage's standalone full-quarter 101.6% ratio.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://investor.howardhughes.com/static-files/2706ed40-55a9-417d-bfdd-931304e73eec", "locator": "Q2 supplemental p.17 Vantage Group Statement of Operations; p.37 pre/post-close reconciliation", "notes": "Standalone full-Q2 ratio101.6% and June post-acquisition ratio95.2% (rounded95% in earnings release) have different periods and purchase-accounting bases. June4–30 includes27 calendar dates." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@HHH/note", "claim": "FY2025 predates Vantage and PSH's $1bn exchangeable perpetual preferred investment. Ordinary industrial FCF and a historical P/E would obscure this change. Common and preferred interests are distinct claims on the same issuer.", "verdict": "supported", "sourceUrl": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-announces-closing-vantage-group-holdings", "locator": "June4,2026 acquisition closing announcement, financing terms paragraph", "notes": "USD1bn non-voting exchangeable perpetual preferred financing is disclosed. Contract ranks pari passu with HHH common for payment and liquidation; distinct claims does not imply a senior preferred claim. USD995.764m is net carrying amount, not a contradiction of USD1bn original investment." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@HHH", "claim": { "comparedFields": [ "/holdings/@HHH/revenue", "/holdings/@HHH/priorRevenue", "/holdings/@HHH/equity", "/holdings/@HHH/shares", "/holdings/@HHH/eps" ], "periods": [ "2025-01-01/2025-12-31", "2024-01-01/2024-12-31" ], "comparedValues": [ { "path": "/holdings/@HHH/revenue", "siteValue": 1474.892, "sourceValue": 1474.892, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@HHH/priorRevenue", "siteValue": 1750.689, "sourceValue": 1750.689, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/holdings/@HHH/equity", "siteValue": 3775.456, "sourceValue": 3775.456, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@HHH/shares", "siteValue": 59.370353, "sourceValue": 59.370353, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:CommonStockSharesOutstanding; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@HHH/eps", "siteValue": 2.21, "sourceValue": 2.21, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/balance", "claim": { "comparedFields": [ "/companies/@HHH/balance/commonEquity", "/companies/@HHH/balance/endShares", "/companies/@HHH/balance/bookValuePerShare", "/companies/@HHH/balance/preferredMezzanineEquity", "/companies/@HHH/balance/cash", "/companies/@HHH/balance/restrictedCash", "/companies/@HHH/balance/debtNetCarrying", "/companies/@HHH/balance/claimReserves" ], "periods": [ "30 June 2026" ], "comparedValues": [ { "path": "/companies/@HHH/balance/commonEquity", "siteValue": 3960.396, "sourceValue": 3960.396, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 earnings release Consolidated Balance Sheets, 30 June 2026 (USD thousands converted to millions)" }, { "path": "/companies/@HHH/balance/endShares", "siteValue": 59.657062, "sourceValue": 59.657062, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 earnings release Consolidated Balance Sheets, 30 June 2026 (USD thousands converted to millions)" }, { "path": "/companies/@HHH/balance/bookValuePerShare", "siteValue": 66.3860382531074, "sourceValue": 66.3860382531074, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Parent stockholders equity 3960.396m / closing common shares 59.657062m; excludes preferred mezzanine and NCI" }, { "path": "/companies/@HHH/balance/preferredMezzanineEquity", "siteValue": 995.764, "sourceValue": 995.764, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 earnings release Consolidated Balance Sheets, 30 June 2026 (USD thousands converted to millions)" }, { "path": "/companies/@HHH/balance/cash", "siteValue": 2647.959, "sourceValue": 2647.959, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 earnings release Consolidated Balance Sheets, 30 June 2026 (USD thousands converted to millions)" }, { "path": "/companies/@HHH/balance/restrictedCash", "siteValue": 717.395, "sourceValue": 717.395, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 earnings release Consolidated Balance Sheets, 30 June 2026 (USD thousands converted to millions)" }, { "path": "/companies/@HHH/balance/debtNetCarrying", "siteValue": 5456.403, "sourceValue": 5456.403, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 earnings release Consolidated Balance Sheets, 30 June 2026 (USD thousands converted to millions)" }, { "path": "/companies/@HHH/balance/claimReserves", "siteValue": 2115.416, "sourceValue": 2115.416, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 earnings release Consolidated Balance Sheets, 30 June 2026 (USD thousands converted to millions)" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/latestMetrics", "claim": { "comparedFields": [ "/companies/@HHH/latestMetrics/0/value", "/companies/@HHH/latestMetrics/0/prior", "/companies/@HHH/latestMetrics/1/value", "/companies/@HHH/latestMetrics/1/prior", "/companies/@HHH/latestMetrics/2/value", "/companies/@HHH/latestMetrics/3/value", "/companies/@HHH/latestMetrics/4/value", "/companies/@HHH/latestMetrics/4/prior" ], "periods": [ "Q2 2026 vs Q2 2025", "4–30 June 2026 acquisition stub only", "30 June 2026", "30 June 2026 / 31 December 2025" ], "comparedValues": [ { "path": "/companies/@HHH/latestMetrics/0/value", "siteValue": 134.7, "sourceValue": 134.7, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 results narrative; MPC EBT, Total Operating Assets NOI and balance sheet reserve rows" }, { "path": "/companies/@HHH/latestMetrics/0/prior", "siteValue": 102.4, "sourceValue": 102.4, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 results narrative; MPC EBT, Total Operating Assets NOI and balance sheet reserve rows" }, { "path": "/companies/@HHH/latestMetrics/1/value", "siteValue": 70.5, "sourceValue": 70.5, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 results narrative; MPC EBT, Total Operating Assets NOI and balance sheet reserve rows" }, { "path": "/companies/@HHH/latestMetrics/1/prior", "siteValue": 68.9, "sourceValue": 68.9, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 results narrative; MPC EBT, Total Operating Assets NOI and balance sheet reserve rows" }, { "path": "/companies/@HHH/latestMetrics/2/value", "siteValue": 95, "sourceValue": 95, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 results narrative; MPC EBT, Total Operating Assets NOI and balance sheet reserve rows" }, { "path": "/companies/@HHH/latestMetrics/3/value", "siteValue": 2115.416, "sourceValue": 2115.416, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Q2 results narrative; MPC EBT, Total Operating Assets NOI and balance sheet reserve rows" }, { "path": "/companies/@HHH/latestMetrics/4/value", "siteValue": 66.3860382531074, "sourceValue": 66.3860382531074, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Common parent equity divided by closing common shares; preferred mezzanine is separate." }, { "path": "/companies/@HHH/latestMetrics/4/prior", "siteValue": 63.591604382072646, "sourceValue": 63.591604382072646, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Common parent equity divided by closing common shares; preferred mezzanine is separate." } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/history", "claim": { "comparedFields": [ "/companies/@HHH/history/0/revenue", "/companies/@HHH/history/0/ocf", "/companies/@HHH/history/0/capex", "/companies/@HHH/history/0/fcf", "/companies/@HHH/history/0/netIncome", "/companies/@HHH/history/0/sbc", "/companies/@HHH/history/0/dilutedShares", "/companies/@HHH/history/0/eps", "/companies/@HHH/history/1/revenue", "/companies/@HHH/history/1/ocf", "/companies/@HHH/history/1/capex", "/companies/@HHH/history/1/fcf", "/companies/@HHH/history/1/netIncome", "/companies/@HHH/history/1/sbc", "/companies/@HHH/history/1/dilutedShares", "/companies/@HHH/history/1/eps", "/companies/@HHH/history/1/equity", "/companies/@HHH/history/1/periodEndShares", "/companies/@HHH/history/1/bookValuePS", "/companies/@HHH/history/1/cash", "/companies/@HHH/history/1/debt", "/companies/@HHH/history/2/revenue", "/companies/@HHH/history/2/ocf", "/companies/@HHH/history/2/capex", "/companies/@HHH/history/2/fcf", "/companies/@HHH/history/2/netIncome", "/companies/@HHH/history/2/sbc", "/companies/@HHH/history/2/dilutedShares", "/companies/@HHH/history/2/eps", "/companies/@HHH/history/2/equity", "/companies/@HHH/history/2/periodEndShares", "/companies/@HHH/history/2/bookValuePS", "/companies/@HHH/history/2/cash", "/companies/@HHH/history/2/debt", "/companies/@HHH/history/3/revenue", "/companies/@HHH/history/3/ocf", "/companies/@HHH/history/3/capex", "/companies/@HHH/history/3/fcf", "/companies/@HHH/history/3/netIncome", "/companies/@HHH/history/3/sbc", "/companies/@HHH/history/3/dilutedShares", "/companies/@HHH/history/3/eps", "/companies/@HHH/history/3/equity", "/companies/@HHH/history/3/periodEndShares", "/companies/@HHH/history/3/bookValuePS", "/companies/@HHH/history/3/cash", "/companies/@HHH/history/4/revenue", "/companies/@HHH/history/4/ocf", "/companies/@HHH/history/4/capex", "/companies/@HHH/history/4/fcf", "/companies/@HHH/history/4/netIncome", "/companies/@HHH/history/4/sbc", "/companies/@HHH/history/4/dilutedShares", "/companies/@HHH/history/4/eps", "/companies/@HHH/history/4/equity", "/companies/@HHH/history/4/periodEndShares", "/companies/@HHH/history/4/bookValuePS", "/companies/@HHH/history/4/cash", "/companies/@HHH/history/4/debt" ], "periods": [ "2021-01-01/2021-12-31", "FY2021", "2022-01-01/2022-12-31", "FY2022", "31 December 2022", "2023-01-01/2023-12-31", "FY2023", "31 December 2023", "2024-01-01/2024-12-31", "FY2024", "31 December 2024", "2025-01-01/2025-12-31", "FY2025", "31 December 2025" ], "comparedValues": [ { "path": "/companies/@HHH/history/0/revenue", "siteValue": 1427.901, "sourceValue": 1427.901, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@HHH/history/0/ocf", "siteValue": -283.958, "sourceValue": -283.958, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@HHH/history/0/capex", "siteValue": 310.657, "sourceValue": 310.65700000000004, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Statements of Cash Flows; Cash-flow rows: operating property improvements + property development/redevelopment; site FCF = continuing OCF minus these two property investment lines. Excludes separate PP&E purchases; land inventory spending is within OCF. Not comprehensive industrial FCF." }, { "path": "/companies/@HHH/history/0/fcf", "siteValue": -594.615, "sourceValue": -594.615, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Statements of Cash Flows; Cash-flow rows: operating property improvements + property development/redevelopment; site FCF = continuing OCF minus these two property investment lines. Excludes separate PP&E purchases; land inventory spending is within OCF. Not comprehensive industrial FCF." }, { "path": "/companies/@HHH/history/0/netIncome", "siteValue": 48.924, "sourceValue": 48.924, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:ProfitLoss; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@HHH/history/0/sbc", "siteValue": 7.559, "sourceValue": 7.559, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:AllocatedShareBasedCompensationExpense; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@HHH/history/0/dilutedShares", "siteValue": 54.649, "sourceValue": 54.649, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@HHH/history/0/eps", "siteValue": 1.03, "sourceValue": 1.03, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:EarningsPerShareDiluted; context 2021-01-01–2021-12-31 or instant 2021-12-31; dimensions none" }, { "path": "/companies/@HHH/history/1/revenue", "siteValue": 1608.488, "sourceValue": 1608.488, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@HHH/history/1/ocf", "siteValue": 325.254, "sourceValue": 325.254, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@HHH/history/1/capex", "siteValue": 407.813, "sourceValue": 407.813, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Statements of Cash Flows; Cash-flow rows: operating property improvements + property development/redevelopment; site FCF = continuing OCF minus these two property investment lines. Excludes separate PP&E purchases; land inventory spending is within OCF. Not comprehensive industrial FCF." }, { "path": "/companies/@HHH/history/1/fcf", "siteValue": -82.559, "sourceValue": -82.55900000000003, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Statements of Cash Flows; Cash-flow rows: operating property improvements + property development/redevelopment; site FCF = continuing OCF minus these two property investment lines. Excludes separate PP&E purchases; land inventory spending is within OCF. Not comprehensive industrial FCF." }, { "path": "/companies/@HHH/history/1/netIncome", "siteValue": 184.636, "sourceValue": 184.636, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:ProfitLoss; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@HHH/history/1/sbc", "siteValue": 7.11, "sourceValue": 7.11, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:AllocatedShareBasedCompensationExpense; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@HHH/history/1/dilutedShares", "siteValue": 50.558, "sourceValue": 50.558, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@HHH/history/1/eps", "siteValue": 3.65, "sourceValue": 3.65, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:EarningsPerShareDiluted; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@HHH/history/1/equity", "siteValue": 3540.499, "sourceValue": 3540.499, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@HHH/history/1/periodEndShares", "siteValue": 49.801997, "sourceValue": 49.801997, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:CommonStockSharesOutstanding; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@HHH/history/1/bookValuePS", "siteValue": 71.09150663175213, "sourceValue": 71.09150663175213, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Original balance-sheet parent common equity / closing common shares; not diluted weighted average." }, { "path": "/companies/@HHH/history/1/cash", "siteValue": 626.653, "sourceValue": 626.653, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Inline-XBRL us-gaap:CashAndCashEquivalentsAtCarryingValue; context 2022-01-01–2022-12-31 or instant 2022-12-31; dimensions none" }, { "path": "/companies/@HHH/history/1/debt", "siteValue": 4747.183, "sourceValue": 4747.183, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Balance Sheets, Mortgages notes and loans payable net, 2022 column" }, { "path": "/companies/@HHH/history/2/revenue", "siteValue": 908.753, "sourceValue": 908.753, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@HHH/history/2/ocf", "siteValue": -215.154, "sourceValue": -215.154, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@HHH/history/2/capex", "siteValue": 271.249, "sourceValue": 271.249, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Consolidated Statements of Cash Flows; Cash-flow rows: operating property improvements + property development/redevelopment; site FCF = continuing OCF minus these two property investment lines. Excludes separate PP&E purchases; land inventory spending is within OCF. Not comprehensive industrial FCF." }, { "path": "/companies/@HHH/history/2/fcf", "siteValue": -486.403, "sourceValue": -486.403, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Consolidated Statements of Cash Flows; Cash-flow rows: operating property improvements + property development/redevelopment; site FCF = continuing OCF minus these two property investment lines. Excludes separate PP&E purchases; land inventory spending is within OCF. Not comprehensive industrial FCF." }, { "path": "/companies/@HHH/history/2/netIncome", "siteValue": 83.41, "sourceValue": 83.41, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperations; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@HHH/history/2/sbc", "siteValue": 11.725, "sourceValue": 11.725, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:AllocatedShareBasedCompensationExpense; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@HHH/history/2/dilutedShares", "siteValue": 49.616, "sourceValue": 49.616, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@HHH/history/2/eps", "siteValue": 1.68, "sourceValue": 1.68, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@HHH/history/2/equity", "siteValue": 2992.871, "sourceValue": 2992.871, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Balance Sheets, 31 December 2023 column (USD thousands converted to millions)" }, { "path": "/companies/@HHH/history/2/periodEndShares", "siteValue": 50.038014, "sourceValue": 50.038014, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Balance Sheets, 31 December 2023 column (USD thousands converted to millions)" }, { "path": "/companies/@HHH/history/2/bookValuePS", "siteValue": 59.81194617356317, "sourceValue": 59.81194617356317, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Original balance-sheet parent common equity / closing common shares; not diluted weighted average." }, { "path": "/companies/@HHH/history/2/cash", "siteValue": 631.548, "sourceValue": 631.548, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Balance Sheets, 31 December 2023 column (USD thousands converted to millions)" }, { "path": "/companies/@HHH/history/2/debt", "siteValue": 5302.62, "sourceValue": 5302.62, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Balance Sheets, 31 December 2023 column (USD thousands converted to millions)" }, { "path": "/companies/@HHH/history/3/revenue", "siteValue": 1750.689, "sourceValue": 1750.689, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@HHH/history/3/ocf", "siteValue": 447.751, "sourceValue": 447.751, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@HHH/history/3/capex", "siteValue": 300.902, "sourceValue": 300.902, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Consolidated Statements of Cash Flows; Cash-flow rows: operating property improvements + property development/redevelopment; site FCF = continuing OCF minus these two property investment lines. Excludes separate PP&E purchases; land inventory spending is within OCF. Not comprehensive industrial FCF." }, { "path": "/companies/@HHH/history/3/fcf", "siteValue": 146.849, "sourceValue": 146.84899999999996, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Consolidated Statements of Cash Flows; Cash-flow rows: operating property improvements + property development/redevelopment; site FCF = continuing OCF minus these two property investment lines. Excludes separate PP&E purchases; land inventory spending is within OCF. Not comprehensive industrial FCF." }, { "path": "/companies/@HHH/history/3/netIncome", "siteValue": 285.215, "sourceValue": 285.215, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperations; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@HHH/history/3/sbc", "siteValue": 12.07, "sourceValue": 12.07, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:AllocatedShareBasedCompensationExpense; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@HHH/history/3/dilutedShares", "siteValue": 49.912, "sourceValue": 49.912, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@HHH/history/3/eps", "siteValue": 5.73, "sourceValue": 5.73, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@HHH/history/3/equity", "siteValue": 2776.226, "sourceValue": 2776.226, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@HHH/history/3/periodEndShares", "siteValue": 50.11615, "sourceValue": 50.11615, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:CommonStockSharesOutstanding; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@HHH/history/3/bookValuePS", "siteValue": 55.395835474193454, "sourceValue": 55.395835474193454, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Original balance-sheet parent common equity / closing common shares; not diluted weighted average." }, { "path": "/companies/@HHH/history/3/cash", "siteValue": 596.083, "sourceValue": 596.083, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:CashAndCashEquivalentsAtCarryingValue; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@HHH/history/4/revenue", "siteValue": 1474.892, "sourceValue": 1474.892, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:Revenues; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@HHH/history/4/ocf", "siteValue": 462.37, "sourceValue": 462.37, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@HHH/history/4/capex", "siteValue": 215.717, "sourceValue": 215.717, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Consolidated Statements of Cash Flows; Cash-flow rows: operating property improvements + property development/redevelopment; site FCF = continuing OCF minus these two property investment lines. Excludes separate PP&E purchases; land inventory spending is within OCF. Not comprehensive industrial FCF." }, { "path": "/companies/@HHH/history/4/fcf", "siteValue": 246.653, "sourceValue": 246.65300000000002, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Consolidated Statements of Cash Flows; Cash-flow rows: operating property improvements + property development/redevelopment; site FCF = continuing OCF minus these two property investment lines. Excludes separate PP&E purchases; land inventory spending is within OCF. Not comprehensive industrial FCF." }, { "path": "/companies/@HHH/history/4/netIncome", "siteValue": 123.843, "sourceValue": 123.843, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperations; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@HHH/history/4/sbc", "siteValue": 16.615, "sourceValue": 16.615, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:AllocatedShareBasedCompensationExpense; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@HHH/history/4/dilutedShares", "siteValue": 56.046, "sourceValue": 56.046, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@HHH/history/4/eps", "siteValue": 2.21, "sourceValue": 2.21, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@HHH/history/4/equity", "siteValue": 3775.456, "sourceValue": 3775.456, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@HHH/history/4/periodEndShares", "siteValue": 59.370353, "sourceValue": 59.370353, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:CommonStockSharesOutstanding; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@HHH/history/4/bookValuePS", "siteValue": 63.591604382072646, "sourceValue": 63.591604382072646, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Consolidated Balance Sheets and share-count disclosure; Original balance-sheet parent common equity / closing common shares; not diluted weighted average." }, { "path": "/companies/@HHH/history/4/cash", "siteValue": 1468.507, "sourceValue": 1468.507, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Inline-XBRL us-gaap:CashAndCashEquivalentsAtCarryingValue; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/companies/@HHH/history/4/debt", "siteValue": 5109.828, "sourceValue": 5109.828, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Consolidated Balance Sheets, Mortgages notes and loans payable net, 2025 column" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@HHH/businessHistory", "claim": { "comparedFields": [ "/companies/@HHH/businessHistory/0/metrics/0/value", "/companies/@HHH/businessHistory/0/metrics/1/value", "/companies/@HHH/businessHistory/1/metrics/0/value", "/companies/@HHH/businessHistory/1/metrics/1/value", "/companies/@HHH/businessHistory/1/metrics/4/value", "/companies/@HHH/businessHistory/2/metrics/0/value", "/companies/@HHH/businessHistory/2/metrics/1/value", "/companies/@HHH/businessHistory/2/metrics/4/value", "/companies/@HHH/businessHistory/3/metrics/0/value", "/companies/@HHH/businessHistory/3/metrics/1/value", "/companies/@HHH/businessHistory/3/metrics/4/value", "/companies/@HHH/businessHistory/4/metrics/0/value", "/companies/@HHH/businessHistory/4/metrics/1/value", "/companies/@HHH/businessHistory/4/metrics/4/value" ], "periods": [ "FY2021", "FY2022", "31 December 2022", "FY2023", "31 December 2023", "FY2024", "31 December 2024", "FY2025", "31 December 2025" ], "comparedValues": [ { "path": "/companies/@HHH/businessHistory/0/metrics/0/value", "siteValue": 316.607, "sourceValue": 316.607, "status": "verified", "sourceUrl": "https://communities.howardhughes.com/press-releases/the-howard-hughes-corporation-reports-fourth-quarter-and-full-year-2022-results/", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000" }, { "path": "/companies/@HHH/businessHistory/0/metrics/1/value", "siteValue": 226.502, "sourceValue": 226.502, "status": "verified", "sourceUrl": "https://communities.howardhughes.com/press-releases/the-howard-hughes-corporation-reports-fourth-quarter-and-full-year-2022-results/", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000" }, { "path": "/companies/@HHH/businessHistory/1/metrics/0/value", "siteValue": 282.987, "sourceValue": 282.987, "status": "verified", "sourceUrl": "https://communities.howardhughes.com/press-releases/the-howard-hughes-corporation-reports-fourth-quarter-and-full-year-2022-results/", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000" }, { "path": "/companies/@HHH/businessHistory/1/metrics/1/value", "siteValue": 239.483, "sourceValue": 239.483, "status": "verified", "sourceUrl": "https://communities.howardhughes.com/press-releases/the-howard-hughes-corporation-reports-fourth-quarter-and-full-year-2022-results/", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000" }, { "path": "/companies/@HHH/businessHistory/1/metrics/4/value", "siteValue": 71.09150663175213, "sourceValue": 71.09150663175213, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Original parent common equity / closing common shares; no preferred mezzanine in FY2021–25." }, { "path": "/companies/@HHH/businessHistory/2/metrics/0/value", "siteValue": 341.419, "sourceValue": 341.419, "status": "verified", "sourceUrl": "https://communities.howardhughes.com/press-releases/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-year-2024-results/", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000" }, { "path": "/companies/@HHH/businessHistory/2/metrics/1/value", "siteValue": 241.34, "sourceValue": 241.34, "status": "verified", "sourceUrl": "https://communities.howardhughes.com/press-releases/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-year-2024-results/", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000" }, { "path": "/companies/@HHH/businessHistory/2/metrics/4/value", "siteValue": 59.81194617356317, "sourceValue": 59.81194617356317, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Original parent common equity / closing common shares; no preferred mezzanine in FY2021–25." }, { "path": "/companies/@HHH/businessHistory/3/metrics/0/value", "siteValue": 349.134, "sourceValue": 349.134, "status": "verified", "sourceUrl": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-1", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000" }, { "path": "/companies/@HHH/businessHistory/3/metrics/1/value", "siteValue": 257.007, "sourceValue": 257.007, "status": "verified", "sourceUrl": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-1", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000" }, { "path": "/companies/@HHH/businessHistory/3/metrics/4/value", "siteValue": 55.395835474193454, "sourceValue": 55.395835474193454, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Original parent common equity / closing common shares; no preferred mezzanine in FY2021–25." }, { "path": "/companies/@HHH/businessHistory/4/metrics/0/value", "siteValue": 476.102, "sourceValue": 476.102, "status": "verified", "sourceUrl": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-1", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000" }, { "path": "/companies/@HHH/businessHistory/4/metrics/1/value", "siteValue": 276.288, "sourceValue": 276.288, "status": "verified", "sourceUrl": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-1", "locator": "Full-year operational highlights: MPC EBT and Total Operating Assets NOI, including share of unconsolidated ventures; source USD thousands /1000" }, { "path": "/companies/@HHH/businessHistory/4/metrics/4/value", "siteValue": 63.591604382072646, "sourceValue": 63.591604382072646, "status": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "locator": "Original parent common equity / closing common shares; no preferred mezzanine in FY2021–25." } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://communities.howardhughes.com/press-releases/the-howard-hughes-corporation-reports-fourth-quarter-and-full-year-2022-results/", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." } ], "corrections": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/scope", "oldValue": "2021–22 legacy HHC consolidated including Seaport;2023–25 continuing operations recast excluding Seaport. Scope break in2023; property cash investments include improvements and development. Insurance not acquired until June2026.", "newValue": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "reason": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "period": "FY2021–FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP; original balance sheets and recast continuing-operation flows separately identified" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/1/scope", "oldValue": "2021–22 legacy HHC consolidated including Seaport;2023–25 continuing operations recast excluding Seaport. Scope break in2023; property cash investments include improvements and development. Insurance not acquired until June2026.", "newValue": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "reason": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "period": "FY2021–FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP; original balance sheets and recast continuing-operation flows separately identified" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/2/scope", "oldValue": "2021–22 legacy HHC consolidated including Seaport;2023–25 continuing operations recast excluding Seaport. Scope break in2023; property cash investments include improvements and development. Insurance not acquired until June2026.", "newValue": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "reason": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "period": "FY2021–FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP; original balance sheets and recast continuing-operation flows separately identified" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/3/scope", "oldValue": "2021–22 legacy HHC consolidated including Seaport;2023–25 continuing operations recast excluding Seaport. Scope break in2023; property cash investments include improvements and development. Insurance not acquired until June2026.", "newValue": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "reason": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "period": "FY2021–FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP; original balance sheets and recast continuing-operation flows separately identified" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/4/scope", "oldValue": "2021–22 legacy HHC consolidated including Seaport;2023–25 continuing operations recast excluding Seaport. Scope break in2023; property cash investments include improvements and development. Insurance not acquired until June2026.", "newValue": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "reason": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "period": "FY2021–FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP; original balance sheets and recast continuing-operation flows separately identified" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/2/fieldSources", "oldValue": null, "newValue": { "equity": { "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "location": "Consolidated Balance Sheets, 31 December 2023 column; USD thousands converted to USD million, shares converted to million shares" }, "periodEndShares": { "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "location": "Consolidated Balance Sheets, 31 December 2023 column; USD thousands converted to USD million, shares converted to million shares" }, "cash": { "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "location": "Consolidated Balance Sheets, 31 December 2023 column; USD thousands converted to USD million, shares converted to million shares" }, "debt": { "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "location": "Consolidated Balance Sheets, 31 December 2023 column; USD thousands converted to USD million, shares converted to million shares" }, "bookValuePS": { "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "location": "Calculated original stockholders equity2992.871 USDm / original closing common shares50.038014m" } }, "reason": "Add missing field-level source overrides: the row-level 2025 10-K supports recast flows but the original 2023 balance fields come from the 2023 10-K. Absent key, so oldValue is null as an add-key marker.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Balance Sheets, 31 December 2023 column", "period": "31 December 2023", "currency": null, "units": "source metadata", "accountingBasis": "US GAAP original balance-sheet perimeter including Seaport" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/equity", "oldValue": null, "newValue": 3709.995, "reason": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP legacy HHC including Seaport", "sourceInputs": [] }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/periodEndShares", "oldValue": null, "newValue": 54.065661, "reason": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": null, "units": "million shares", "accountingBasis": "US GAAP legacy HHC including Seaport", "sourceInputs": [] }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/cash", "oldValue": null, "newValue": 843.212, "reason": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP legacy HHC including Seaport", "sourceInputs": [] }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/debt", "oldValue": null, "newValue": 4591.157, "reason": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP legacy HHC including Seaport", "sourceInputs": [] }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/bookValuePS", "oldValue": null, "newValue": 68.62017279322637, "reason": "Add missing field. Parent common equity3709.995 USDm divided by54.065661m closing common shares =68.62017279322637 USD/share; do not use total equity including NCI.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD/share", "accountingBasis": "Calculated common book value/share", "sourceInputs": [] }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/0/metrics/4/value", "oldValue": null, "newValue": 68.62017279322637, "reason": "Replace explicitly unverified gap with primary-sourced observation. Parent common equity3709.995 USDm divided by54.065661m closing common shares =68.62017279322637 USD/share; do not use total equity including NCI.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD/share", "accountingBasis": "Calculated common book value/share", "sourceInputs": [] }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/0/metrics/4/note", "oldValue": "Year-end common equity/share denominator not verified for2021; withheld.", "newValue": "Calculated common stockholders equity3709.995m divided by54.065661m closing common shares from the FY2022 10-K comparative balance sheet.", "reason": "Both numerator and denominator are now directly verified; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" } ], "unresolved": [ "Remaining nulls distinguish noncomparable/nonapplicable periods from fields not separately disclosed on the required cash or share basis; see per-field availability notes." ], "batch": "special-holdings", "name": "Howard Hughes Holdings", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "All 94 existing non-null numerical observations compared or explicitly recalculated. 6 verified historical backfills proposed. Exact-field statuses: {'verified': 77, 'calculated': 23, 'mismatch': 0, 'not_verified': 12}. Remaining nulls have field-specific availability reasons. Text/scope changes and backfills await root review; no company-wide assurance is inferred beyond the enumerated mapped observations and claims.", "originalUnresolved": [ "Amounts reconcile within stated reporting precision; listed text/scope corrections await root review and application.", "Verified historical backfill proposals await application; they do not represent numerical misstatements in the existing null observations.", "Remaining nulls distinguish noncomparable/nonapplicable periods from fields not separately disclosed on the required cash or share basis; see per-field availability notes." ], "correctionsApplied": 18, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 77, "calculated": 23, "not_verified": 12 }, "sourceCount": 9 }, { "id": "fnma", "status": "partial", "periodsReviewed": [ "FY2025", "FY2024", "2025-01-01/2025-12-31", "31 December 2025", "Q2 2026 vs Q2 2025", "30 June 2026 vs 30 June 2025", "30 June 2026; rounded reported $234.2bn", "30June2025", "FY2021", "2021-01-01/2021-12-31", "FY2022", "2022-01-01/2022-12-31", "FY2023", "2023-01-01/2023-12-31", "2024-01-01/2024-12-31", "FY2021 / 31 December 2021", "FY2022 / 31 December 2022", "FY2023 / 31 December 2023", "FY2024 / 31 December 2024", "FY2025 / 31 December 2025", "August2026 / 31August2026" ], "summary": "Completed source review: 56 source checks, 0 arithmetic checks, 1 unverified checks. 7 dated field or wording changes applied. 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Watch delinquencies, capital, Treasury claims, release terms and potential common-share dilution.", "verdict": "supported_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "Business, guaranty activity, conservatorship and senior preferred stock purchase agreement disclosures", "notes": "Mortgage acquisition/securitization, guarantee fees and housing liquidity role are disclosed. Credit/policy/dilution risks appear in filing. No common-NAV inference from company net worth is warranted." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@FNMA/note", "claim": "Company net income is not freely available to common holders. Treasury's senior preferred liquidation claim exceeds reported net worth. 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Withholding common P/E and net-worth-per-common-share avoids misattribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FNMA/latestMetrics/1/explanation", "claim": { "meaning": "Accounting assets less liabilities across the whole company.", "why": "Shows capital being retained to support mortgage guarantees.", "watch": "It is not all common shareholders' money; Treasury and other preferred holders have senior claims." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000065/a226exhibit993.htm", "locator": "Q2 Financial Supplement p.1 selected financial data; p.6 standardized CET1 ending balance", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FNMA/latestMetrics/2/explanation", "claim": { "meaning": "Treasury's contractual senior claim ahead of junior investors.", "why": "Future common-share value depends heavily on what happens to this claim.", "watch": "Retained profits also increase the preference under current terms. Track recapitalisation and potential dilution." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000064/fnm-20260630.htm", "locator": "10-Q Equity / senior preferred section: 234.2bn rounded; balance sheet exact liquidation preference 234166m", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FNMA/latestMetrics/3/explanation", "claim": { "meaning": "Regulatory common-equity capital after required deductions.", "why": "Shows progress toward a stronger regulated capital position.", "watch": "A negative amount is a capital deficit, not the full shortfall against all regulatory requirements and buffers." }, "verdict": "supported_definition_with_analytical_inference", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000065/a226exhibit993.htm", "locator": "Q2 Financial Supplement p.1 selected financial data; p.6 standardized CET1 ending balance", "notes": "Meaning is consistent with source measure and its stated perimeter. Why/watch are neutral operating relationships and risk interpretation, not separately reported forecasts. Preserve explicit qualifications about non-GAAP, capital requirements, acquisitions and ownership attribution." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FNMA/limitations/0", "claim": "Company net income is not earnings available to common stockholders; common P/E and simple net-worth-per-common-share are withheld.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "Senior preferred stock purchase agreement; net income attributable to common stockholders", "notes": "Company income is not fully common income; withholding total-net-worth-per-common-share avoids treating Treasury preference as common equity." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FNMA/limitations/1", "claim": "CET1 deficit is not a calculated capital shortfall including required buffers. Regulatory minimum compliance is suspended during conservatorship.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000064/fnm-20260630.htm", "locator": "Capital Management, standardized capital classifications and conservatorship", "notes": "CET1 available-capital deficit is not a computed shortfall including requirements/buffers. Capital-compliance restrictions during conservatorship are disclosed." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FNMA/limitations/2", "claim": "Treasury preference date is June; do not substitute a subsequent quarter's increased claim.", "verdict": "supported_with_stated_limitations", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000064/fnm-20260630.htm", "locator": "Senior preferred stock liquidation preference, June30,2026", "notes": "June liquidation preference234166 USDm is distinct from subsequent scheduled increase; current site rounded figure234200 USDm uses June." }, { "file": "companies/fnma.json", "pathOrText": "/disclosures/0/summary", "claim": "Monthly loan-guarantee and delinquency observations, separate from quarterly financial accounts. Guaranty book is unpaid principal exposure, not company revenue, equity or common-shareholder NAV.", "verdict": "supported", "sourceUrl": "https://www.fanniemae.com/media/document/pdf/083126.pdf", "locator": "PDF p.1 Table1; p.4 glossary; p.6 endnote1", "notes": "Guaranty balances and activity represent unpaid principal balance, excluding accounting valuation/basis adjustments; not corporate revenue, equity or common NAV." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@FNMA", "claim": { "comparedFields": [ "/holdings/@FNMA/revenue", "/holdings/@FNMA/priorRevenue", "/holdings/@FNMA/netIncome", "/holdings/@FNMA/netWorth", "/holdings/@FNMA/treasuryClaim" ], "periods": [ "FY2025", "FY2024", "2025-01-01/2025-12-31", "31 December 2025" ], "comparedValues": [ { "path": "/holdings/@FNMA/revenue", "siteValue": 28964, "sourceValue": 28964, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "MD&A Consolidated Results of Operations, Net revenues row; annual columns" }, { "path": "/holdings/@FNMA/priorRevenue", "siteValue": 29069, "sourceValue": 29069, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "MD&A Consolidated Results of Operations, Net revenues row; annual columns" }, { "path": "/holdings/@FNMA/netIncome", "siteValue": 14364, "sourceValue": 14364.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "Inline-XBRL us-gaap:NetIncomeLoss; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@FNMA/netWorth", "siteValue": 109012, "sourceValue": 109012.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2025-01-01–2025-12-31 or instant 2025-12-31; dimensions none" }, { "path": "/holdings/@FNMA/treasuryClaim", "siteValue": 227000, "sourceValue": 227000, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "Consolidated balance sheet senior preferred stock liquidation preference 226984m" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FNMA/latestMetrics", "claim": { "comparedFields": [ "/companies/@FNMA/latestMetrics/0/value", "/companies/@FNMA/latestMetrics/0/prior", "/companies/@FNMA/latestMetrics/1/value", "/companies/@FNMA/latestMetrics/1/prior", "/companies/@FNMA/latestMetrics/2/value", "/companies/@FNMA/latestMetrics/3/value", "/companies/@FNMA/latestMetrics/3/prior" ], "periods": [ "Q2 2026 vs Q2 2025", "30 June 2026 vs 30 June 2025", "30 June 2026; rounded reported $234.2bn" ], "comparedValues": [ { "path": "/companies/@FNMA/latestMetrics/0/value", "siteValue": 3982, "sourceValue": 3982, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000065/a226exhibit993.htm", "locator": "Q2 Financial Supplement p.1 selected financial data; p.6 standardized CET1 ending balance" }, { "path": "/companies/@FNMA/latestMetrics/0/prior", "siteValue": 3317, "sourceValue": 3317, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000065/a226exhibit993.htm", "locator": "Q2 Financial Supplement p.1 selected financial data; p.6 standardized CET1 ending balance" }, { "path": "/companies/@FNMA/latestMetrics/1/value", "siteValue": 116497, "sourceValue": 116497, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000065/a226exhibit993.htm", "locator": "Q2 Financial Supplement p.1 selected financial data; p.6 standardized CET1 ending balance" }, { "path": "/companies/@FNMA/latestMetrics/1/prior", "siteValue": 101636, "sourceValue": 101636, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000065/a226exhibit993.htm", "locator": "Q2 Financial Supplement p.1 selected financial data; p.6 standardized CET1 ending balance" }, { "path": "/companies/@FNMA/latestMetrics/2/value", "siteValue": 234200, "sourceValue": 234200, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000064/fnm-20260630.htm", "locator": "10-Q Equity / senior preferred section: 234.2bn rounded; balance sheet exact liquidation preference 234166m" }, { "path": "/companies/@FNMA/latestMetrics/3/value", "siteValue": -32654, "sourceValue": -32654, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000065/a226exhibit993.htm", "locator": "Q2 Financial Supplement p.1 selected financial data; p.6 standardized CET1 ending balance" }, { "path": "/companies/@FNMA/latestMetrics/3/prior", "siteValue": -48457, "sourceValue": -48457, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000065/a226exhibit993.htm", "locator": "Q2 Financial Supplement p.1 selected financial data; p.6 standardized CET1 ending balance" } ] }, "verdict": "all_listed_numeric_fields_compared_or_calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000065/a226exhibit993.htm", "locator": "Field-level original source locators are attached to each observation in evidence; all listed fields compared.", "notes": "This is an exact enumeration, not a company-wide assurance conclusion. Null observations are separately retained as unverified gaps." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FNMA/history", "claim": { "comparedFields": [ "/companies/@FNMA/history/0/revenue", "/companies/@FNMA/history/0/netIncome", "/companies/@FNMA/history/0/ocf", "/companies/@FNMA/history/0/equity", "/companies/@FNMA/history/1/revenue", "/companies/@FNMA/history/1/netIncome", "/companies/@FNMA/history/1/ocf", "/companies/@FNMA/history/1/equity", "/companies/@FNMA/history/2/revenue", "/companies/@FNMA/history/2/netIncome", "/companies/@FNMA/history/2/ocf", "/companies/@FNMA/history/2/equity", "/companies/@FNMA/history/3/revenue", "/companies/@FNMA/history/3/netIncome", "/companies/@FNMA/history/3/ocf", "/companies/@FNMA/history/3/equity", "/companies/@FNMA/history/4/revenue", "/companies/@FNMA/history/4/netIncome", "/companies/@FNMA/history/4/ocf", "/companies/@FNMA/history/4/equity" ], "periods": [ "FY2021", "2021-01-01/2021-12-31", "FY2022", "2022-01-01/2022-12-31", "FY2023", "2023-01-01/2023-12-31", "FY2024", "2024-01-01/2024-12-31", "FY2025", "2025-01-01/2025-12-31" ], "comparedValues": [ { "path": "/companies/@FNMA/history/0/revenue", "siteValue": 29948, "sourceValue": 29948, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052224000184/fnm-20231231.htm", "locator": "MD&A Consolidated Results of Operations, Net revenues row; 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dimensions none" }, { "path": "/companies/@FNMA/history/2/equity", "siteValue": 77682, "sourceValue": 77682.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052224000184/fnm-20231231.htm", "locator": "Inline-XBRL us-gaap:StockholdersEquity; context 2023-01-01–2023-12-31 or instant 2023-12-31; dimensions none" }, { "path": "/companies/@FNMA/history/3/revenue", "siteValue": 29069, "sourceValue": 29069, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "MD&A Consolidated Results of Operations, Net revenues row; annual columns" }, { "path": "/companies/@FNMA/history/3/netIncome", "siteValue": 16978, "sourceValue": 16978.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "Inline-XBRL us-gaap:NetIncomeLoss; context 2024-01-01–2024-12-31 or instant 2024-12-31; dimensions none" }, { "path": "/companies/@FNMA/history/3/ocf", "siteValue": -10520, "sourceValue": -10520.0, "status": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/310522/000031052226000015/fnm-20251231.htm", "locator": "Inline-XBRL us-gaap:NetCashProvidedByUsedInOperatingActivities; 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Source says expected December settlement; no completion inferred.", "unit": "loans", "currency": null, "accountingBasis": "Monthly UPB/KPI or announced auction, not GAAP earnings", "locator": "8 October 2026 release, opening paragraphs and pool table", "period": "2026-10-08", "statementStatus": "Announcement; settlement not completed in this source" }, { "file": "companies/fmcc.json", "path": "/disclosures/1/metrics/1/value", "value": 428, "status": "verified", "sourceValue": 428, "notes": "Auction loan balance is UPB, not sale proceeds. Source says expected December settlement; no completion inferred.", "unit": "USD million", "currency": "USD", "accountingBasis": "Monthly UPB/KPI or announced auction, not GAAP earnings", "locator": "8 October 2026 release, opening paragraphs and pool table", "period": "2026-10-08", "statementStatus": "Announcement; settlement not completed in this source" } ] } ], "claims": [ { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FMCC/limitations/0", "claim": "Q2 company income USD3,838m differs from common-stockholder loss USD9m.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1026214/000102621426000047/a2q2026financialsuppleme.htm", "locator": "Printed p.4: net income; amounts attributable to senior preferred; common-stockholder income", "notes": "3838 − 3847 = −9; no common P/E should use company-level income." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@FMCC/economics", "claim": "Mortgage purchases, securitisation and guarantees support mortgage liquidity; credit risk, conservatorship and Treasury terms affect common shares.", "verdict": "supported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1026214/000102621426000021/fmcc-20251231.htm", "locator": "Introduction/About Freddie Mac; Conservatorship; Risk Factors; Note 12/Equity", "notes": "Watch-list language is editorial interpretation of disclosed risks, not a reported numerical result." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@FMCC/note", "claim": "Treasury preference exceeds net worth; company net worth/income are not clean common-share book equity or earnings.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1026214/000102621426000021/fmcc-20251231.htm", "locator": "Capital activities table and consolidated balance sheet / common-stockholder income", "notes": "140248 preference > 70384 total equity; preferred stock carrying claims and contractual liquidation preference are distinct." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FMCC/businessHistory/*/metrics/4/note", "claim": "Single-family serious delinquency series uses latest cited comparative; 2024 is 0.59% in 2025 report.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1026214/000102621426000021/fmcc-20251231.htm", "locator": "Tables 24 and 27; year-end 2024 comparative", "notes": "Numeric comparative supported; wording does not identify why the historical comparator differs from the older release." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@FMCC/latestMetrics/*/explanation", "claim": "Treasury preference seniority, negative regulatory-capital deficit, and delinquency interpretation.", "verdict": "supported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1026214/000102621426000047/a2q2026financialsuppleme.htm", "locator": "Printed pp.3–4, 8–9", "notes": "Explanations are accounting/risk interpretations. Zero CET1 would still not meet required positive capital minimums/buffers shown in 10-K." }, { "file": "companies/fmcc.json", "pathOrText": "/disclosures/0/published", "claim": "August MVS published 24 September 2026.", "verdict": "verified", "sourceUrl": "https://freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-issues-monthly-volume-summary-august-2026", "locator": "Dated release opening paragraph", "notes": "" } ], "corrections": [], "unresolved": [ "FY2021 CET1 comparable ERCF ratio remains null at /companies/@FMCC/businessHistory/0/metrics/3/value; no claim that all requested historical metrics are available." ], "batch": "financial-holdings", "name": "Freddie Mac", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "All non-null mapped annual financial/business metrics, FY2025 snapshot and Q2 comparisons agree with original filings. Monthly and auction observations checked separately. FY2021 comparable CET1 ratio remains deliberately unfilled.", "originalUnresolved": [ "FY2021 CET1 comparable ERCF ratio remains null at /companies/@FMCC/businessHistory/0/metrics/3/value; no claim that all requested historical metrics are available." ], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": { "verified": 65, "not_verified": 1 }, "sourceCount": 7 }, { "id": "seg", "status": "partial", "periodsReviewed": [ "FY2021 unavailable", "FY2022", "FY2023", "FY2024", "FY2025", "H1 2026/H1 2025" ], "summary": "Completed source review: 40 source checks, 28 arithmetic checks, 10 unverified checks. 0 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://ir.seaportentertainment.com/financial-information/sec-filings/content/0001104659-26-023561/seg-20251231x10k.htm", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025/FY2024", "currency": "USD", "units": "USD million except EPS in USD/share", "accountingBasis": "US GAAP", "statementStatus": "Annual Form 10-K; audited financial statements", "checks": [ { "file": "pershing-data.json", "path": "/holdings/@SEG/revenue", "value": 130.408, "status": "verified", "sourceValue": 130.408, "notes": "Amounts in source USD thousands divided by 1,000; EPS unchanged.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-data.json", "path": "/holdings/@SEG/priorRevenue", "value": 110.223, "status": "verified", "sourceValue": 110.223, "notes": "Amounts in source USD thousands divided by 1,000; EPS unchanged.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-data.json", "path": "/holdings/@SEG/eps", "value": -9.18, "status": "verified", "sourceValue": -9.18, "notes": "Amounts in source USD thousands divided by 1,000; EPS unchanged.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-data.json", "path": "/holdings/@SEG/commonIncome", "value": -116.742, "status": "verified", "sourceValue": -116.742, "notes": "Amounts in source USD thousands divided by 1,000; EPS unchanged.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" } ] }, { "sourceUrl": "https://ir.seaportentertainment.com/financial-information/sec-filings/content/0001558370-25-002600/seg-20241231x10k.htm", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "Not disclosed in reviewed three-year statements", "statementStatus": "Not available", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/0/revenue", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Explicit null; the cited statements do not cover FY2021. No zero imputation.", "unit": "USD million", "currency": "USD", "accountingBasis": "Not disclosed in reviewed three-year statements", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "statementStatus": "Not available" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/0/ocf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Explicit null; the cited statements do not cover FY2021. No zero imputation.", "unit": "USD million", "currency": "USD", "accountingBasis": "Not disclosed in reviewed three-year statements", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "statementStatus": "Not available" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/0/capex", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Explicit null; the cited statements do not cover FY2021. No zero imputation.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "statementStatus": "Not available" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/0/fcf", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Explicit null; the cited statements do not cover FY2021. No zero imputation.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "statementStatus": "Not available" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/0/netIncome", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Explicit null; the cited statements do not cover FY2021. No zero imputation.", "unit": "USD million", "currency": "USD", "accountingBasis": "Not disclosed in reviewed three-year statements", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "statementStatus": "Not available" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/0/sbc", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Explicit null; the cited statements do not cover FY2021. No zero imputation.", "unit": "USD million", "currency": "USD", "accountingBasis": "Not disclosed in reviewed three-year statements", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "statementStatus": "Not available" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/0/metrics/0/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Explicit FY2021 gap.", "unit": "USD million", "currency": "USD", "accountingBasis": "Not disclosed in reviewed three-year statements", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "statementStatus": "Not available" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/0/metrics/1/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Explicit FY2021 gap.", "unit": "USD million", "currency": "USD", "accountingBasis": "Not disclosed in reviewed three-year statements", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "statementStatus": "Not available" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/0/metrics/2/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Explicit FY2021 gap.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "statementStatus": "Not available" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/0/metrics/3/value", "value": null, "status": "not_verified", "sourceValue": null, "notes": "Explicit FY2021 gap.", "unit": "USD million", "currency": "USD", "accountingBasis": "Not disclosed in reviewed three-year statements", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2021", "statementStatus": "Not available" } ] }, { "sourceUrl": "https://ir.seaportentertainment.com/financial-information/sec-filings/content/0001558370-25-002600/seg-20241231x10k.htm", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "statementStatus": "Annual Form 10-K; audited financial statements", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/1/revenue", "value": 119.046, "status": "verified", "sourceValue": 119.046, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/1/netIncome", "value": -111.277, "status": "verified", "sourceValue": -111.277, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/1/ocf", "value": -29.551, "status": "verified", "sourceValue": -29.551, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/1/sbc", "value": 0.869, "status": "verified", "sourceValue": 0.869, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/1/operatingIncome", "value": -66.671, "status": "verified", "sourceValue": -66.671, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/1/capex", "value": 97.92, "status": "calculated", "sourceValue": 97.92, "notes": "Operating property improvements 12.206 + property development/redevelopment 85.714; excludes JV investment, acquisitions and financing.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/1/fcf", "value": -127.471, "status": "calculated", "sourceValue": -127.471, "notes": "Signed OCF minus cash property investment. Operating lease cash payments remain in OCF; no lease principal is silently added again.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/1/metrics/0/value", "value": 16.448, "status": "verified", "sourceValue": 16.448, "notes": "Excludes restricted cash; pre-spin balances are combined/carved-out business, not independent capital structure.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/1/metrics/1/value", "value": 29.551, "status": "calculated", "sourceValue": 29.551, "notes": "Positive magnitude of cash used.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/1/metrics/2/value", "value": 127.471, "status": "calculated", "sourceValue": 127.471, "notes": "Positive magnitude of cash used.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/1/metrics/3/value", "value": 0, "status": "calculated", "sourceValue": 0, "notes": "No property-sale line is separately presented. Investing cash-flow rows reconcile with zero residual: −12.206 − 85.714 − 100.112 + 0 = −198.032. Derived nil presentation, not a separately reported numeric sale line.", "unit": "USD million", "currency": "USD", "accountingBasis": "Inferred zero separately presented property-sale proceeds from exhaustive investing cash-flow reconciliation", "locator": "2024 Form 10-K: consolidated/combined balance sheet p.74; operations p.75; cash flow and cash reconciliation p.76; stock compensation Note 11", "period": "FY2022; 31 December 2022", "statementStatus": "Annual Form 10-K; audited financial statements" } ] }, { "sourceUrl": "https://ir.seaportentertainment.com/financial-information/sec-filings/content/0001104659-26-023561/seg-20251231x10k.htm", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "statementStatus": "Annual Form 10-K; audited financial statements", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/2/revenue", "value": 114.852, "status": "verified", "sourceValue": 114.852, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/2/netIncome", "value": -838.065, "status": "verified", "sourceValue": -838.065, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/2/ocf", "value": -50.78, "status": "verified", "sourceValue": -50.78, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/2/sbc", "value": 1.495, "status": "verified", "sourceValue": 1.495, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/2/operatingIncome", "value": -756.664, "status": "verified", "sourceValue": -756.664, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/2/capex", "value": 62.794, "status": "calculated", "sourceValue": 62.794, "notes": "Operating property improvements 18.747 + property development/redevelopment 44.047; excludes JV investment, acquisitions and financing.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/2/fcf", "value": -113.574, "status": "calculated", "sourceValue": -113.574, "notes": "Signed OCF minus cash property investment. Operating lease cash payments remain in OCF; no lease principal is silently added again.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/2/metrics/0/value", "value": 1.834, "status": "verified", "sourceValue": 1.834, "notes": "Excludes restricted cash; pre-spin balances are combined/carved-out business, not independent capital structure.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/2/metrics/1/value", "value": 50.78, "status": "calculated", "sourceValue": 50.78, "notes": "Positive magnitude of cash used.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/2/metrics/2/value", "value": 113.574, "status": "calculated", "sourceValue": 113.574, "notes": "Positive magnitude of cash used.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/2/metrics/3/value", "value": 0, "status": "calculated", "sourceValue": 0, "notes": "No property-sale line is separately presented. Investing cash-flow rows reconcile with zero residual: −18.747 − 44.047 − 45.527 + .019 = −108.302. Derived nil presentation, not a separately reported numeric sale line.", "unit": "USD million", "currency": "USD", "accountingBasis": "Inferred zero separately presented property-sale proceeds from exhaustive investing cash-flow reconciliation", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2023; 31 December 2023", "statementStatus": "Annual Form 10-K; audited financial statements" } ] }, { "sourceUrl": "https://ir.seaportentertainment.com/financial-information/sec-filings/content/0001104659-26-023561/seg-20251231x10k.htm", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "statementStatus": "Annual Form 10-K; audited financial statements", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/3/revenue", "value": 110.223, "status": "verified", "sourceValue": 110.223, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/3/netIncome", "value": -152.625, "status": "verified", "sourceValue": -152.625, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/3/ocf", "value": -52.7, "status": "verified", "sourceValue": -52.7, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/3/sbc", "value": 3.338, "status": "verified", "sourceValue": 3.338, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/3/operatingIncome", "value": -102.186, "status": "verified", "sourceValue": -102.186, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/3/capex", "value": 69.245, "status": "calculated", "sourceValue": 69.245, "notes": "Operating property improvements 6.725 + property development/redevelopment 62.52; excludes JV investment, acquisitions and financing.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/3/fcf", "value": -121.945, "status": "calculated", "sourceValue": -121.945, "notes": "Signed OCF minus cash property investment. Operating lease cash payments remain in OCF; no lease principal is silently added again.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/3/metrics/0/value", "value": 165.667, "status": "verified", "sourceValue": 165.667, "notes": "Excludes restricted cash; pre-spin balances are combined/carved-out business, not independent capital structure.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/3/metrics/1/value", "value": 52.7, "status": "calculated", "sourceValue": 52.7, "notes": "Positive magnitude of cash used.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/3/metrics/2/value", "value": 121.945, "status": "calculated", "sourceValue": 121.945, "notes": "Positive magnitude of cash used.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/3/metrics/3/value", "value": 0, "status": "calculated", "sourceValue": 0, "notes": "No property-sale line is separately presented. Investing cash-flow rows reconcile with zero residual: −6.725 − 62.520 − 34.120 + .484 = −102.881. Derived nil presentation, not a separately reported numeric sale line.", "unit": "USD million", "currency": "USD", "accountingBasis": "Inferred zero separately presented property-sale proceeds from exhaustive investing cash-flow reconciliation", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2024; 31 December 2024", "statementStatus": "Annual Form 10-K; audited financial statements" } ] }, { "sourceUrl": "https://ir.seaportentertainment.com/financial-information/sec-filings/content/0001104659-26-023561/seg-20251231x10k.htm", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "statementStatus": "Annual Form 10-K; audited financial statements", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/4/revenue", "value": 130.408, "status": "verified", "sourceValue": 130.408, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/4/netIncome", "value": -115.342, "status": "verified", "sourceValue": -115.342, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/4/ocf", "value": -49.658, "status": "verified", "sourceValue": -49.658, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/4/sbc", "value": 15.08, "status": "verified", "sourceValue": 15.08, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/4/operatingIncome", "value": -118.151, "status": "verified", "sourceValue": -118.151, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/4/capex", "value": 30.764, "status": "calculated", "sourceValue": 30.764, "notes": "Operating property improvements 25.016 + property development/redevelopment 5.748; excludes JV investment, acquisitions and financing.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/history/4/fcf", "value": -80.422, "status": "calculated", "sourceValue": -80.422, "notes": "Signed OCF minus cash property investment. Operating lease cash payments remain in OCF; no lease principal is silently added again.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/4/metrics/0/value", "value": 77.808, "status": "verified", "sourceValue": 77.808, "notes": "Excludes restricted cash; pre-spin balances are combined/carved-out business, not independent capital structure.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/4/metrics/1/value", "value": 49.658, "status": "calculated", "sourceValue": 49.658, "notes": "Positive magnitude of cash used.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; amounts converted from USD thousands; FCF derived", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/4/metrics/2/value", "value": 80.422, "status": "calculated", "sourceValue": 80.422, "notes": "Positive magnitude of cash used.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/businessHistory/4/metrics/3/value", "value": 0, "status": "calculated", "sourceValue": 0, "notes": "No property-sale line is separately presented. Investing cash-flow rows reconcile with zero residual: −25.016 − 5.748 + .685 + 0 + 6.258 = −23.821. Derived nil presentation, not a separately reported numeric sale line.", "unit": "USD million", "currency": "USD", "accountingBasis": "Inferred zero separately presented property-sale proceeds from exhaustive investing cash-flow reconciliation", "locator": "2025 Form 10-K: consolidated balance sheet p.77; consolidated/combined operations p.78; cash flow and cash reconciliation p.79; Note 1 presentation/reclassification and Note 2 consolidation", "period": "FY2025; 31 December 2025", "statementStatus": "Annual Form 10-K; audited financial statements" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2009684/000110465926091217/seg-20260630x10q.htm", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "statementStatus": "Unaudited interim financial statements", "checks": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/ytd/revenue", "value": 47.027, "status": "verified", "sourceValue": 47.027, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/ytd/netIncome", "value": -53.861, "status": "verified", "sourceValue": -53.861, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/ytd/ocf", "value": -11.763, "status": "verified", "sourceValue": -11.763, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/ytd/sbc", "value": 2.708, "status": "verified", "sourceValue": 2.708, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/priorYtd/revenue", "value": 55.87, "status": "verified", "sourceValue": 55.87, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/priorYtd/netIncome", "value": -45.962, "status": "verified", "sourceValue": -45.962, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/priorYtd/ocf", "value": -21.232, "status": "verified", "sourceValue": -21.232, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/priorYtd/sbc", "value": 3.636, "status": "verified", "sourceValue": 3.636, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/ytd/capex", "value": 20.894, "status": "calculated", "sourceValue": 20.894, "notes": "H1 2026: 20.894 improvements + zero development; H1 2025: 17.930 + 5.205.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/ytd/fcf", "value": -32.657, "status": "calculated", "sourceValue": -32.657, "notes": "OCF less property improvements and development; excludes asset sale, JV investments and debt repayment.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/priorYtd/capex", "value": 23.135, "status": "calculated", "sourceValue": 23.135, "notes": "H1 2026: 20.894 improvements + zero development; H1 2025: 17.930 + 5.205.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/priorYtd/fcf", "value": -44.367, "status": "calculated", "sourceValue": -44.367, "notes": "OCF less property improvements and development; excludes asset sale, JV investments and debt repayment.", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/latestMetrics/0/value", "value": 117.795, "status": "verified", "sourceValue": 117.795, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/latestMetrics/0/prior", "value": 77.808, "status": "verified", "sourceValue": 77.808, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/latestMetrics/1/value", "value": 11.763, "status": "calculated", "sourceValue": 11.763, "notes": "Positive cash-use magnitude; calculated as negative OCF", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/latestMetrics/1/prior", "value": 21.232, "status": "calculated", "sourceValue": 21.232, "notes": "Positive cash-use magnitude; calculated as negative OCF", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/latestMetrics/2/value", "value": 32.657, "status": "calculated", "sourceValue": 32.657, "notes": "OCF plus property investment use magnitude", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/latestMetrics/2/prior", "value": 44.367, "status": "calculated", "sourceValue": 44.367, "notes": "OCF plus property investment use magnitude", "unit": "USD million", "currency": "USD", "accountingBasis": "Calculated from US GAAP cash-flow lines; property improvements plus development; excludes JV investment and financing", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/latestMetrics/3/value", "value": 137.416, "status": "verified", "sourceValue": 137.416, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@SEG/latestMetrics/3/prior", "value": 0, "status": "verified", "sourceValue": 0, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; source USD thousands divided by 1,000; FCF derived", "locator": "10-Q printed pp.4–7, consolidated statements and cash reconciliation", "period": "H1 2026/H1 2025; 30 June 2026/31 December 2025", "statementStatus": "Unaudited interim financial statements" } ] } ], "claims": [ { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@SEG/limitations/0", "claim": "Restricted cash USD9.179m excluded from usable cash.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2009684/000110465926091217/seg-20260630x10q.htm", "locator": "Balance sheet and cash reconciliation, printed pp.4 and 7", "notes": "" }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@SEG/limitations/1", "claim": "H1 2026 improvements 20.894; H1 2025 improvements 17.930 and development 5.205.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2009684/000110465926091217/seg-20260630x10q.htm", "locator": "Cash-flow statement investing activities, printed p.7", "notes": "" }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@SEG/history/*/scope and fieldNotes", "claim": "Pre-July 2024 combined carveout; independent after spin-off; 2023/24 revenue follows 2025 presentation; Tin Building consolidated in 2025.", "verdict": "verified", "sourceUrl": "https://ir.seaportentertainment.com/financial-information/sec-filings/content/0001104659-26-023561/seg-20251231x10k.htm", "locator": "Note 1 Organisation and Basis of Presentation/reclassifications; Note 2 investments", "notes": "Spin-off completed 31 July 2024; trading 1 August. Tin Building ownership reached 100% on 30 June 2025; no claim of organic growth." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@SEG/economics", "claim": "Venues, hospitality, entertainment and rents; operating losses/development consume cash.", "verdict": "supported", "sourceUrl": "https://ir.seaportentertainment.com/financial-information/sec-filings/content/0001104659-26-023561/seg-20251231x10k.htm", "locator": "Business overview; segment note; statements of operations and cash flows", "notes": "Scarce locations can support demand is an analytical possibility, not a measured historical result." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@SEG/note", "claim": "Below September threshold, consolidation affects growth, loss makes ordinary positive P/E uninformative.", "verdict": "supported", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/10/14141351/PSH-Fact-Sheet-September-2026-Website.pdf", "locator": "September 2026 fact sheet footnote 7; SEG 2025 10-K Note 2", "notes": "Footnote expressly names SEG as not meeting 3% threshold; not inferred from omission." }, { "file": "pershing-specials-upgrade.json", "pathOrText": "/companies/@SEG/latestMetrics/*/explanation; limitations/2", "claim": "Cash buffer, cash burn, one-time property-sale proceeds and no mechanical runway forecast.", "verdict": "supported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2009684/000110465926091217/seg-20260630x10q.htm", "locator": "Balance sheet/cash flows; Liquidity and Capital Resources", "notes": "Risk explanations are analytical. Proceeds are investing, not recurring operating cash; no future runway calculation included." } ], "corrections": [], "unresolved": [ "FY2021 financial history and four business metrics are null and not verified; reviewed original statements start in 2022.", "The 2022 revenue comparison is on 2024 10-K presentation while 2023–25 use 2025 reclassified presentation; current scope note discloses this basis difference." ], "batch": "financial-holdings", "name": "Seaport Entertainment", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "All populated mapped annual and H1 values agree with 10-K/10-Q. Reclassification, Tin Building consolidation, common-stockholder loss, restricted cash and cash-flow arithmetic are distinguished. FY2021 is an explicit disclosure gap.", "originalUnresolved": [ "FY2021 financial history and four business metrics are null and not verified; reviewed original statements start in 2022.", "The 2022 revenue comparison is on 2024 10-K presentation while 2023–25 use 2025 reclassified presentation; current scope note discloses this basis difference." ], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": { "verified": 40, "not_verified": 10, "calculated": 28 }, "sourceCount": 4 }, { "id": "sparc", "status": "verified", "periodsReviewed": [ "30 June 2026", "10 August 2026", "30 September 2026" ], "summary": "Completed source review: 0 source checks, 0 arithmetic checks, 0 unverified checks. 0 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [], "claims": [ { "file": "pershing-data.json", "pathOrText": "/holdings/@SPARC/economics", "claim": "The investment consists of rights tied to a future business combination; no operating-business earnings engine. Transaction, funding and dilution risks remain.", "verdict": "supported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1895582/000119312526328113/ck0001895582-20260630.htm", "locator": "Note 1; MD&A business overview; Risk Factors", "notes": "Underlying issuer is a blank-check acquisition vehicle; SPARs are exercisable subscription rights. It can incur expenses and earn nonoperating interest, so no operating business does not mean no financial statements." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@SPARC/note", "claim": "UMG declined the proposed combination in May 2026; operating revenue/FCF/EBITDA/positive P/E not applicable as an operating-company comparison.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1895582/000119312526328113/ck0001895582-20260630.htm", "locator": "Note 1, printed p.7; MD&A", "notes": "UMG rejection dated 29 May 2026; no definitive agreement. Financial statements still report expenses/cash flows; withholding operating valuation metrics is an editorial accounting choice." }, { "file": "pershing-data.json", "pathOrText": "/holdings/@SPARC/note", "claim": "SPARC below September main-holdings threshold.", "verdict": "verified", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/10/14141351/PSH-Fact-Sheet-September-2026-Website.pdf", "locator": "PDF pp.2–3, footnote 7", "notes": "Expressly names SPARC and SEG as not meeting 3% threshold." }, { "file": "companies/sparc.json", "pathOrText": "/disclosures/0", "claim": "SPARC joined 10 August exemptive application for certain joint/co-investment transactions; application is not approval or completed acquisition.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1313682/000114036126032051/ef20079517_40app.htm", "locator": "Cover; Summary of Application; SPARC party and signature", "notes": "No operating results inferred from application." } ], "corrections": [], "unresolved": [], "batch": "financial-holdings", "name": "Pershing Square SPARC", "pages": [ "pershing.html" ], "reviewComplete": true, "originalResearchSummary": "No financial numeric rows in mapped SPARC holding. Pre-business-combination rights nature, UMG rejection, threshold and exemptive-application claim checked directly.", "originalUnresolved": [], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": {}, "sourceCount": 3 }, { "id": "googl", "status": "partial", "periodsReviewed": [ "FY2024", "FY2025", "2026-06-30 actual common shares" ], "summary": "Completed source review: 11 source checks, 1 arithmetic checks, 3 unverified checks. 0 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": null, "locator": "Explicit inventory of fields not yet reconciled", "period": "individual field context", "currency": "per dataset", "units": "per dataset", "accountingBasis": "unverified", "statementStatus": "unverified", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/price", "value": 340.59, "status": "not_verified", "sourceValue": null, "notes": "Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "unit": "USD per share", "currency": "USD", "accountingBasis": "unverified" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/marketCap", "value": 4165415.7, "status": "not_verified", "sourceValue": null, "notes": "Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "unit": "USD million", "currency": "USD", "accountingBasis": "unverified" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/vendorMarketCap", "value": 4165415.7, "status": "not_verified", "sourceValue": null, "notes": "Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "unit": "USD million", "currency": "USD", "accountingBasis": "unverified" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Table 79, row 3: Revenues; column 3 in numeric sequence", "period": "FY2025 ended 2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/revenue", "value": 402836, "status": "verified", "sourceValue": 402836.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Table 79, row 3: Revenues; column 2 in numeric sequence", "period": "FY2024 comparator", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/priorRevenue", "value": 350018, "status": "verified", "sourceValue": 350018.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Table 85, row 19: Net cash provided by operating activities; column 3 in numeric sequence", "period": "FY2025 ended 2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/ocf", "value": 164713, "status": "verified", "sourceValue": 164713.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Table 85, row 19: Net cash provided by operating activities; column 2 in numeric sequence", "period": "FY2024 comparator", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/priorOcf", "value": 125299, "status": "verified", "sourceValue": 125299.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Table 85, row 21: Purchases of property and equipment; column 3 in numeric sequence", "period": "FY2025 ended 2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/capex", "value": 91447, "status": "verified", "sourceValue": 91447.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Table 85, row 21: Purchases of property and equipment; column 2 in numeric sequence", "period": "FY2024 comparator", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/priorCapex", "value": 52535, "status": "verified", "sourceValue": 52535.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Table 79, row 10: Income from operations; column 3 in numeric sequence", "period": "FY2025 ended 2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/operatingIncome", "value": 129039, "status": "verified", "sourceValue": 129039.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Table 85, row 6: Depreciation of property and equipment; column 3 in numeric sequence", "period": "FY2025 ended 2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/depreciation", "value": 21136, "status": "verified", "sourceValue": 21136.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Table 77, row 38: Total stockholders’ equity; column 2 in numeric sequence", "period": "FY2025 ended 2025-12-31", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/commonEquity", "value": 415265, "status": "verified", "sourceValue": 415265.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Balance sheet p.48, Class A/B/C issued and outstanding total", "period": "2025-12-31", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "final audited annual statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/endShares", "value": 12088, "status": "verified", "sourceValue": 12088, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000066/googexhibit991q22026.htm", "locator": "Balance sheet p.5, Class A/B/C total; preferred excluded", "period": "2026-06-30", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim release", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/capitalisationShares/shares", "value": 12230, "status": "verified", "sourceValue": 12230, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000066/googexhibit991q22026.htm", "locator": "Quote × dated actual common shares", "period": "Quote 2026-10-16 with balance-date shares", "currency": "USD", "units": "USD million", "accountingBasis": "arithmetic proxy, quote input unverified", "statementStatus": "calculation", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/commonEquityValueProxy", "value": 4165415.7, "status": "calculated", "sourceValue": 4165415.6999999997, "notes": "Calculation reconciles only; historical stock quote lacks original exchange evidence in mapped source.", "unit": "USD million", "currency": "USD", "accountingBasis": "arithmetic proxy, quote input unverified" } ] } ], "claims": [ { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@GOOGL/note", "claim": "Cash-flow statement separately gives PP&E depreciation; full intangible amortisation is not separately supplied here, so EBITDA is unavailable. Common equity/share denominator includes all three common classes.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "locator": "Statement of cash flows p55; balance sheet p48", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." } ], "corrections": [], "unresolved": [ "berkshire-holdings-data.json/holdings/@GOOGL/price: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "berkshire-holdings-data.json/holdings/@GOOGL/marketCap: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "berkshire-holdings-data.json/holdings/@GOOGL/vendorMarketCap: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation." ], "businessClaimLimits": [], "nullReview": { "count": 1, "excludedFromNumericFieldCount": true, "entries": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@GOOGL/da", "value": null, "classification": "missing_full_amortisation_breakdown", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm", "sourceValue": null, "notes": "CF statement supplies PP&E depreciation21136,not separate full intangible amortisation. DA/EBITDA remains null rather than assume amortisation0." } ], "countsByClassification": { "missing_full_amortisation_breakdown": 1 } }, "batch": "tech-pages", "name": "Alphabet", "pages": [ "berkshire.html" ], "reviewComplete": true, "originalResearchSummary": "12 of 15 mapped numeric fields reconciled individually, including embedded copies and calculations; 3 unresolved dated market quote fields. Material factual claims recorded separately from interpretation. No numerical corrections required. Separate null register covers 1 null leaves; these were excluded from numeric verification counts. ", "originalUnresolved": [ "berkshire-holdings-data.json/holdings/@GOOGL/price: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "berkshire-holdings-data.json/holdings/@GOOGL/marketCap: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation.", "berkshire-holdings-data.json/holdings/@GOOGL/vendorMarketCap: Dated 16 October2026 quote/vendor value: no original exchange or vendor historical quote record supplied; issuer filings cannot verify this market observation." ], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": { "not_verified": 3, "verified": 11, "calculated": 1 }, "sourceCount": 2 }, { "id": "axp", "status": "partial", "periodsReviewed": [ "FY2025", "FY2024 comparison", "Q2 2026", "16 October 2026 quote arithmetic" ], "summary": "Completed source review: 15 source checks, 1 arithmetic checks, 3 unverified checks. 2 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000037/q425exhibit992.htm", "locator": "Statistical appendix printed pp.1–4", "period": "FY2025 / FY2024", "currency": "USD", "units": "USD million, USD/share and percent", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/revenue", "value": 72229, "status": "verified", "sourceValue": 72229, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Statistical appendix printed pp.1–4", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/priorRevenue", "value": 65949, "status": "verified", "sourceValue": 65949, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Statistical appendix printed pp.1–4", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/eps", "value": 15.38, "status": "verified", "sourceValue": 15.38, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Statistical appendix printed pp.1–4", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/priorEps", "value": 14.01, "status": "verified", "sourceValue": 14.01, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Statistical appendix printed pp.1–4", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/reportedBvps", "value": 46.45, "status": "verified", "sourceValue": 46.45, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Statistical appendix printed pp.1–4", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/priorBvps", "value": 40.88, "status": "verified", "sourceValue": 40.88, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Statistical appendix printed pp.1–4", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/roe", "value": 33.9, "status": "verified", "sourceValue": 33.9, "notes": "", "unit": "percent", "currency": null, "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Statistical appendix printed pp.1–4", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/cet1", "value": 10.5, "status": "verified", "sourceValue": 10.5, "notes": "", "unit": "percent", "currency": null, "accountingBasis": "Regulatory CET1; standardized approach", "locator": "Statistical appendix printed pp.1–4", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000318/q226exhibit992.htm", "locator": "Printed pp.2 and 4: share reconciliation", "period": "30 June 2026", "currency": "USD", "units": "million actual common shares", "accountingBasis": "Actual period-end outstanding shares, not weighted-average EPS denominator", "statementStatus": "Issuer quarterly release; preliminary", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/capitalisationShares/shares", "value": 675, "status": "verified", "sourceValue": 675, "notes": "", "unit": "million common shares", "currency": null, "accountingBasis": "Actual period-end outstanding shares, not weighted-average EPS denominator", "locator": "Printed pp.2 and 4: share reconciliation", "period": "30 June 2026", "statementStatus": "Issuer quarterly release; preliminary" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/commonEquityValueProxy", "value": 211673.25, "status": "calculated", "sourceValue": 211673.24999999997, "notes": "Historical quote multiplied by separately dated actual common shares. Quote itself is not established by this filing; proxy is not observed same-date market capitalisation.", "unit": "USD million", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Printed pp.2 and 4: share reconciliation", "period": "30 June 2026", "statementStatus": "Issuer quarterly release; preliminary" } ] }, { "sourceUrl": null, "locator": "Existing vendor snapshot, not an original issuer filing", "period": "16 October 2026", "currency": "USD", "units": "USD/share and USD million", "accountingBasis": "External market quote", "statementStatus": "Not verified by this primary-filings audit", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/price", "value": 313.59, "status": "not_verified", "sourceValue": null, "notes": "Cannot verify a market quote against corporate financial statements. Root market-data audit must establish historical vendor/exchange provenance.", "unit": "USD per share", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Existing vendor snapshot, not an original issuer filing", "period": "16 October 2026", "statementStatus": "Not verified by this primary-filings audit" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/marketCap", "value": 212927.61, "status": "not_verified", "sourceValue": null, "notes": "Cannot verify a market quote against corporate financial statements. Root market-data audit must establish historical vendor/exchange provenance.", "unit": "USD million", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Existing vendor snapshot, not an original issuer filing", "period": "16 October 2026", "statementStatus": "Not verified by this primary-filings audit" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/vendorMarketCap", "value": 212927.61, "status": "not_verified", "sourceValue": null, "notes": "Cannot verify a market quote against corporate financial statements. Root market-data audit must establish historical vendor/exchange provenance.", "unit": "USD million", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Existing vendor snapshot, not an original issuer filing", "period": "16 October 2026", "statementStatus": "Not verified by this primary-filings audit" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000080/axp-20251231.htm", "locator": "Form 10-K, MD&A Consolidated Results of Operations selected data (printed pp.45–46); consolidated income statement; Note 24 Regulatory Matters", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "currency": "USD", "units": "per-check units", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/revenue", "value": 72229, "status": "verified", "sourceValue": 72229, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K, MD&A Consolidated Results of Operations selected data (printed pp.45–46); consolidated income statement; Note 24 Regulatory Matters", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/priorRevenue", "value": 65949, "status": "verified", "sourceValue": 65949, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K, MD&A Consolidated Results of Operations selected data (printed pp.45–46); consolidated income statement; Note 24 Regulatory Matters", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/eps", "value": 15.38, "status": "verified", "sourceValue": 15.38, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K, MD&A Consolidated Results of Operations selected data (printed pp.45–46); consolidated income statement; Note 24 Regulatory Matters", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/priorEps", "value": 14.01, "status": "verified", "sourceValue": 14.01, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K, MD&A Consolidated Results of Operations selected data (printed pp.45–46); consolidated income statement; Note 24 Regulatory Matters", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/roe", "value": 33.9, "status": "verified", "sourceValue": 33.9, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "percent", "currency": null, "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K, MD&A Consolidated Results of Operations selected data (printed pp.45–46); consolidated income statement; Note 24 Regulatory Matters", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/cet1", "value": 10.5, "status": "verified", "sourceValue": 10.5, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "percent", "currency": null, "accountingBasis": "Regulatory CET1; standardized approach", "locator": "Form 10-K, MD&A Consolidated Results of Operations selected data (printed pp.45–46); consolidated income statement; Note 24 Regulatory Matters", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" } ] } ], "claims": [ { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@AXP/capitalisationShares/note", "claim": "Vendor capitalisation implies diluted-average shares rather than actual closing shares.", "verdict": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000318/q226exhibit992.htm", "locator": "Printed pp.2,4", "notes": "Vendor cap / quote = 679.000000m; actual closing count 675m. AXP Q2 diluted average 679m; BAC Q2 diluted average 7294.2m and Q3 7222.2m. This checks numerical coincidence, not vendor methodology." }, { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@AXP/note", "claim": "Funding and lending are operations; industrial FCF/EBITDA withheld; diluted EPS and separately defined book/return/capital measures retained.", "verdict": "supported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000037/q425exhibit992.htm", "locator": "Income, balance sheet and capital tables", "notes": "No assertion that an industrial FCF denominator equals distributable bank cash." }, { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@AXP/roeLabel", "claim": "33.9% is return on average total equity, not common equity return.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000037/q425exhibit992.htm", "locator": "Printed p.3 and Appendix II E", "notes": "Same table distinguishes return on average common equity. FY2025 ROE numerator/denominator definition per Appendix II." }, { "file": "berkshire-holdings.js", "pathOrText": "businessOverviews.AXP.summary", "claim": "Payments/cards; merchant and card fees; lending interest; rewards/travel services and funding/credit losses.", "verdict": "supported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000037/q425exhibit992.htm", "locator": "Revenue and expense lines; selected card statistics; segment tables", "notes": "" }, { "file": "berkshire-holdings.js", "pathOrText": "holdings renderer arithmetic for AXP", "claim": "Derived displayed metrics from verified annual inputs and separately dated quote/proxy", "verdict": "calculated", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000037/q425exhibit992.htm", "locator": "Renderer: revenue growth; EPS growth and P/E/P/B for banks; OCF minus capex, EBITDA proxy, BVPS and historical cash-flow multiples for KO", "period": "FY2025 vs FY2024; 16 October 2026 quote", "comparedValues": { "revenueGrowthPercent": 9.522509818192848, "epsGrowthPercent": 9.778729478943626, "historicalPE": 20.389466840052012, "priceBook": 6.75113024757804 }, "notes": "All formulas evaluated; UI rounds percentages/multiples. Price-based calculations validate arithmetic only, conditional on quote provenance. No TTM claim or forecast." } ], "corrections": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/sourceLabel", "oldValue": "FY2025 statistical appendix", "newValue": "FY2025 statistical appendix (preliminary release)", "reason": "The cited issuer release explicitly marks its current-period information preliminary. Preserve that source status; completed period does not mean audited release. Final annual corroboration is separately recorded.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000037/q425exhibit992.htm", "locator": "Statistical appendix headers (Preliminary)", "period": "FY2025", "currency": null, "units": "text", "accountingBasis": "Source status" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/latestLabel", "oldValue": "Newer release · Q2 2026", "newValue": "Newer release · Q2 2026 (preliminary)", "reason": "The cited issuer release explicitly marks its current-period information preliminary. Preserve that source status; completed period does not mean audited release. Final annual corroboration is separately recorded.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000318/q226exhibit992.htm", "locator": "Statistical appendix headers (Preliminary)", "period": "Q2 2026", "currency": null, "units": "text", "accountingBasis": "Source status" } ], "unresolved": [ "price, marketCap and vendorMarketCap cannot be verified from original issuer financial filings; keep vendor-source status separate from verified accounting inputs." ], "batch": "financial-holdings", "name": "American Express", "pages": [ "berkshire.html" ], "reviewComplete": true, "originalResearchSummary": "Embedded annual financial inputs match issuer statistical release. Actual closing-share proxy arithmetic checked separately from diluted EPS shares. Quote provenance is outside company financial filings and remains separately qualified. Final 10-K also corroborates revenue, priorRevenue, eps, priorEps, roe, cet1.", "originalUnresolved": [ "price, marketCap and vendorMarketCap cannot be verified from original issuer financial filings; keep vendor-source status separate from verified accounting inputs." ], "correctionsApplied": 2, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 15, "calculated": 1, "not_verified": 3 }, "sourceCount": 3 }, { "id": "bac", "status": "partial", "periodsReviewed": [ "FY2025", "FY2024 comparison", "Q3 and nine months 2026", "16 October 2026 quote arithmetic" ], "summary": "Completed source review: 31 source checks, 1 arithmetic checks, 3 unverified checks. 4 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000020/bac12312025ex991.htm", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "currency": "USD", "units": "USD million, USD/share and percent", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/revenue", "value": 113097, "status": "verified", "sourceValue": 113097, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/priorRevenue", "value": 105856, "status": "verified", "sourceValue": 105856, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/eps", "value": 3.81, "status": "verified", "sourceValue": 3.81, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/priorEps", "value": 3.19, "status": "verified", "sourceValue": 3.19, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/reportedBvps", "value": 38.44, "status": "verified", "sourceValue": 38.44, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/priorBvps", "value": 35.58, "status": "verified", "sourceValue": 35.58, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/roe", "value": 10.59, "status": "verified", "sourceValue": 10.59, "notes": "", "unit": "percent", "currency": null, "accountingBasis": "US GAAP revenue/EPS/book value; regulatory CET1; BAC TBV/ROTCE non-GAAP", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/rotce", "value": 14.22, "status": "verified", "sourceValue": 14.22, "notes": "", "unit": "percent", "currency": null, "accountingBasis": "Company-defined non-GAAP", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/tbvps", "value": 28.73, "status": "verified", "sourceValue": 28.73, "notes": "", "unit": "USD per share", "currency": "USD", "accountingBasis": "Company-defined non-GAAP", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/cet1", "value": 11.4, "status": "verified", "sourceValue": 11.4, "notes": "", "unit": "percent", "currency": null, "accountingBasis": "Regulatory CET1; standardized approach", "locator": "Earnings release printed pp.9, 14–15, 19", "period": "FY2025 / FY2024", "statementStatus": "Issuer release marked preliminary; annual financial corroboration addressed separately" } ] }, { "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000481/bac09302026ex991.htm", "locator": "Printed p.14: selected financial data, end-period common shares", "period": "30 September 2026", "currency": "USD", "units": "million actual common shares", "accountingBasis": "Actual period-end outstanding shares, not weighted-average EPS denominator", "statementStatus": "Issuer quarterly release; preliminary", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/capitalisationShares/shares", "value": 6922.7, "status": "verified", "sourceValue": 6922.7, "notes": "", "unit": "million common shares", "currency": null, "accountingBasis": "Actual period-end outstanding shares, not weighted-average EPS denominator", "locator": "Printed p.14: selected financial data, end-period common shares", "period": "30 September 2026", "statementStatus": "Issuer quarterly release; preliminary" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/commonEquityValueProxy", "value": 354649.921, "status": "calculated", "sourceValue": 354649.921, "notes": "Historical quote multiplied by separately dated actual common shares. Quote itself is not established by this filing; proxy is not observed same-date market capitalisation.", "unit": "USD million", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Printed p.14: selected financial data, end-period common shares", "period": "30 September 2026", "statementStatus": "Issuer quarterly release; preliminary" } ] }, { "sourceUrl": null, "locator": "Existing vendor snapshot, not an original issuer filing", "period": "16 October 2026", "currency": "USD", "units": "USD/share and USD million", "accountingBasis": "External market quote", "statementStatus": "Not verified by this primary-filings audit", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/price", "value": 51.23, "status": "not_verified", "sourceValue": null, "notes": "Cannot verify a market quote against corporate financial statements. Root market-data audit must establish historical vendor/exchange provenance.", "unit": "USD per share", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Existing vendor snapshot, not an original issuer filing", "period": "16 October 2026", "statementStatus": "Not verified by this primary-filings audit" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/marketCap", "value": 373681.866, "status": "not_verified", "sourceValue": null, "notes": "Cannot verify a market quote against corporate financial statements. Root market-data audit must establish historical vendor/exchange provenance.", "unit": "USD million", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Existing vendor snapshot, not an original issuer filing", "period": "16 October 2026", "statementStatus": "Not verified by this primary-filings audit" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/vendorMarketCap", "value": 373681.866, "status": "not_verified", "sourceValue": null, "notes": "Cannot verify a market quote against corporate financial statements. Root market-data audit must establish historical vendor/exchange provenance.", "unit": "USD million", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Existing vendor snapshot, not an original issuer filing", "period": "16 October 2026", "statementStatus": "Not verified by this primary-filings audit" } ] }, { "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000481/bac09302026ex991.htm", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "currency": "USD", "units": "USD million, USD/share or percent", "accountingBasis": "US GAAP; tangible BVPS non-GAAP; standardized CET1 regulatory", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary", "checks": [ { "file": "companies/bac.json", "path": "/disclosures/0/metrics/0/value", "value": 29958, "status": "verified", "sourceValue": 29958, "notes": "Quarter and nine-month periods remain distinct. CET1 is preliminary; TBVPS non-GAAP.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary" }, { "file": "companies/bac.json", "path": "/disclosures/0/metrics/1/value", "value": 6933, "status": "verified", "sourceValue": 6933, "notes": "Quarter and nine-month periods remain distinct. CET1 is preliminary; TBVPS non-GAAP.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary" }, { "file": "companies/bac.json", "path": "/disclosures/0/metrics/2/value", "value": 6541, "status": "verified", "sourceValue": 6541, "notes": "Quarter and nine-month periods remain distinct. CET1 is preliminary; TBVPS non-GAAP.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary" }, { "file": "companies/bac.json", "path": "/disclosures/0/metrics/3/value", "value": 0.91, "status": "verified", "sourceValue": 0.91, "notes": "Quarter and nine-month periods remain distinct. CET1 is preliminary; TBVPS non-GAAP.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary" }, { "file": "companies/bac.json", "path": "/disclosures/0/metrics/4/value", "value": 16449, "status": "verified", "sourceValue": 16449, "notes": "Quarter and nine-month periods remain distinct. CET1 is preliminary; TBVPS non-GAAP.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary" }, { "file": "companies/bac.json", "path": "/disclosures/0/metrics/5/value", "value": 39.26, "status": "verified", "sourceValue": 39.26, "notes": "Quarter and nine-month periods remain distinct. CET1 is preliminary; TBVPS non-GAAP.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary" }, { "file": "companies/bac.json", "path": "/disclosures/0/metrics/6/value", "value": 29.14, "status": "verified", "sourceValue": 29.14, "notes": "Quarter and nine-month periods remain distinct. CET1 is preliminary; TBVPS non-GAAP.", "unit": "USD per share", "currency": "USD", "accountingBasis": "Non-GAAP tangible common equity", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary" }, { "file": "companies/bac.json", "path": "/disclosures/0/metrics/7/value", "value": 10.9, "status": "verified", "sourceValue": 10.9, "notes": "Quarter and nine-month periods remain distinct. CET1 is preliminary; TBVPS non-GAAP.", "unit": "percent", "currency": null, "accountingBasis": "Standardized regulatory capital (preliminary)", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary" }, { "file": "companies/bac.json", "path": "/disclosures/0/metrics/8/value", "value": 91788, "status": "verified", "sourceValue": 91788, "notes": "Quarter and nine-month periods remain distinct. CET1 is preliminary; TBVPS non-GAAP.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary" }, { "file": "companies/bac.json", "path": "/disclosures/0/metrics/9/value", "value": 3.23, "status": "verified", "sourceValue": 3.23, "notes": "Quarter and nine-month periods remain distinct. CET1 is preliminary; TBVPS non-GAAP.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP", "locator": "Printed pp.1,9,14–15,19", "period": "Q3 2026; nine months ended 30 September 2026; 30 September balances", "statementStatus": "Issuer preliminary quarterly release; regulatory ratios expressly preliminary" } ] }, { "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000157/bac-20251231.htm", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "currency": "USD", "units": "per-check units", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/revenue", "value": 113097, "status": "verified", "sourceValue": 113097, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/priorRevenue", "value": 105856, "status": "verified", "sourceValue": 105856, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/eps", "value": 3.81, "status": "verified", "sourceValue": 3.81, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/priorEps", "value": 3.19, "status": "verified", "sourceValue": 3.19, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/reportedBvps", "value": 38.44, "status": "verified", "sourceValue": 38.44, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/priorBvps", "value": 35.58, "status": "verified", "sourceValue": 35.58, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD per share", "currency": "USD", "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/roe", "value": 10.59, "status": "verified", "sourceValue": 10.59, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "percent", "currency": null, "accountingBasis": "US GAAP; non-GAAP/regulatory overrides per field", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/rotce", "value": 14.22, "status": "verified", "sourceValue": 14.22, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "percent", "currency": null, "accountingBasis": "Company-defined non-GAAP", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/tbvps", "value": 28.73, "status": "verified", "sourceValue": 28.73, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "USD per share", "currency": "USD", "accountingBasis": "Company-defined non-GAAP", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/cet1", "value": 11.4, "status": "verified", "sourceValue": 11.4, "notes": "Independently corroborated against final 10-K, not inferred from preliminary release.", "unit": "percent", "currency": null, "accountingBasis": "Regulatory CET1; standardized approach", "locator": "Form 10-K Table 6 Selected Annual Financial Data, printed p.32; capital-adequacy note", "period": "FY2025/FY2024; 31 December 2025/2024 balances", "statementStatus": "Final annual Form 10-K; audited financial statements, management ratios and regulatory disclosures" } ] } ], "claims": [ { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@BAC/capitalisationShares/note", "claim": "Vendor capitalisation implies diluted-average shares rather than actual closing shares.", "verdict": "calculated", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000481/bac09302026ex991.htm", "locator": "Printed p.14", "notes": "Vendor cap / quote = 7294.200000m; actual closing count 6922.7m. AXP Q2 diluted average 679m; BAC Q2 diluted average 7294.2m and Q3 7222.2m. This checks numerical coincidence, not vendor methodology." }, { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@BAC/note", "claim": "Funding and lending are operations; industrial FCF/EBITDA withheld; diluted EPS and separately defined book/return/capital measures retained.", "verdict": "supported", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000020/bac12312025ex991.htm", "locator": "Income, balance sheet and capital tables", "notes": "No assertion that an industrial FCF denominator equals distributable bank cash." }, { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@BAC/note", "claim": "FY2024 comparisons revised for tax-related equity accounting; TBV and ROTCE non-GAAP; CET1 standardized.", "verdict": "verified", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000020/bac12312025ex991.htm", "locator": "Printed pp.1, 10, 14, 19", "notes": "Does not interchange total equity ROE with common-equity ROE. Regulatory capital comparative was not necessarily retrospectively revised under regulatory rules." }, { "file": "berkshire-holdings.js", "pathOrText": "businessOverviews.BAC.summary", "claim": "Consumer/commercial banking, lending, wealth management, investment banking, markets; interest and fee revenue.", "verdict": "supported", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000020/bac12312025ex991.htm", "locator": "Business segment tables; income summary; services", "notes": "Source financial lines establish NII net of funding costs and noninterest fees; company services page also reviewed." }, { "file": "companies/bac.json", "pathOrText": "/disclosures/0/summary", "claim": "Q3 results include USD1.2bn regulatory settlement charge.", "verdict": "verified", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000481/bac09302026ex991.htm", "locator": "Printed pp.1 and 10, Endnote B", "notes": "Non-tax-deductible charge; reported 0.91 EPS is distinct from company adjusted 1.08 EPS." }, { "file": "berkshire-holdings.js", "pathOrText": "holdings renderer arithmetic for BAC", "claim": "Derived displayed metrics from verified annual inputs and separately dated quote/proxy", "verdict": "calculated", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000020/bac12312025ex991.htm", "locator": "Renderer: revenue growth; EPS growth and P/E/P/B for banks; OCF minus capex, EBITDA proxy, BVPS and historical cash-flow multiples for KO", "period": "FY2025 vs FY2024; 16 October 2026 quote", "comparedValues": { "revenueGrowthPercent": 6.840424727932293, "epsGrowthPercent": 19.435736677116, "historicalPE": 13.446194225721785, "priceBook": 1.332726326742976 }, "notes": "All formulas evaluated; UI rounds percentages/multiples. Price-based calculations validate arithmetic only, conditional on quote provenance. No TTM claim or forecast." } ], "corrections": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/sourceLabel", "oldValue": "FY2025 earnings release", "newValue": "FY2025 earnings release (preliminary release)", "reason": "The cited issuer release explicitly marks its current-period information preliminary. Preserve that source status; completed period does not mean audited release. Final annual corroboration is separately recorded.", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000020/bac12312025ex991.htm", "locator": "Selected Financial Data footer; current-period information preliminary; Q3 Endnote E for regulatory ratios", "period": "FY2025", "currency": null, "units": "text", "accountingBasis": "Source status" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/latestLabel", "oldValue": "Newer release · Q3 2026", "newValue": "Newer release · Q3 2026 (preliminary)", "reason": "The cited issuer release explicitly marks its current-period information preliminary. Preserve that source status; completed period does not mean audited release. Final annual corroboration is separately recorded.", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000481/bac09302026ex991.htm", "locator": "Selected Financial Data footer; current-period information preliminary; Q3 Endnote E for regulatory ratios", "period": "Q3 2026", "currency": null, "units": "text", "accountingBasis": "Source status" }, { "file": "companies/bac.json", "path": "/disclosures/0/metrics/7/basis", "oldValue": "Reported", "newValue": "Reported regulatory ratio (preliminary; standardized approach)", "reason": "Q3 2026 release Endnote E expressly says September 30 regulatory ratios are preliminary.", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000481/bac09302026ex991.htm", "locator": "Printed p.10 Endnote E; standardized CET1 p.9", "period": "30 September 2026", "currency": null, "units": "text", "accountingBasis": "Regulatory capital, not GAAP/non-GAAP earnings" } ], "unresolved": [ "price, marketCap and vendorMarketCap cannot be verified from original issuer financial filings; keep vendor-source status separate from verified accounting inputs." ], "batch": "financial-holdings", "name": "Bank of America", "pages": [ "berkshire.html" ], "reviewComplete": true, "originalResearchSummary": "Embedded annual financial inputs match issuer statistical release. Actual closing-share proxy arithmetic checked separately from diluted EPS shares. Quote provenance is outside company financial filings and remains separately qualified. Final 10-K also corroborates revenue, priorRevenue, eps, priorEps, reportedBvps, priorBvps, roe, rotce, tbvps, cet1.", "originalUnresolved": [ "Q3 disclosure CET1 basis currently just Reported; primary source explicitly marks 30 September 2026 regulatory ratios preliminary. Qualify disclosure basis as Reported regulatory ratio (preliminary).", "price, marketCap and vendorMarketCap cannot be verified from original issuer financial filings; keep vendor-source status separate from verified accounting inputs." ], "correctionsApplied": 4, "resolutionNotes": [ "See dated correction history for before-and-after values, source locations and publication readbacks." ], "checkCounts": { "verified": 31, "calculated": 1, "not_verified": 3 }, "sourceCount": 3 }, { "id": "ko", "status": "partial", "periodsReviewed": [ "FY2025", "FY2024", "3 July 2026 quarter / 27 July 2026 shares", "16 October 2026 quote arithmetic" ], "summary": "Completed source review: 13 source checks, 1 arithmetic checks, 3 unverified checks. 0 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": "https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0001628280-26-010047/0001628280-26-010047.pdf", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "currency": "USD", "units": "USD million; million common shares", "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "statementStatus": "Annual Form 10-K; audited financial statements", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/revenue", "value": 47941, "status": "verified", "sourceValue": 47941, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/priorRevenue", "value": 47061, "status": "verified", "sourceValue": 47061, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/ocf", "value": 7408, "status": "verified", "sourceValue": 7408, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/priorOcf", "value": 6805, "status": "verified", "sourceValue": 6805, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/capex", "value": 2112, "status": "verified", "sourceValue": 2112, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/priorCapex", "value": 2064, "status": "verified", "sourceValue": 2064, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/operatingIncome", "value": 13762, "status": "verified", "sourceValue": 13762, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/da", "value": 1050, "status": "verified", "sourceValue": 1050, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/commonEquity", "value": 32169, "status": "verified", "sourceValue": 32169, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/endShares", "value": 4302, "status": "verified", "sourceValue": 4302, "notes": "", "unit": "million common shares", "currency": null, "accountingBasis": "US GAAP, attributable parent equity excludes NCI", "locator": "PDF pp.63,65–67 (printed pp.61,63–65): income, balance sheet, cash flows, equity statements", "period": "FY2025/FY2024", "statementStatus": "Annual Form 10-K; audited financial statements" } ] }, { "sourceUrl": "https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0001628280-26-006642/a2025q4earningsreleaseex-9.htm", "locator": "Non-GAAP reconciliation printed p.29", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "Company non-GAAP FCF excluding named cash item", "statementStatus": "Issuer earnings release", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/adjustedFcf", "value": 11365, "status": "verified", "sourceValue": 11365, "notes": "7408 − 2112 + 6069 = 11365", "unit": "USD million", "currency": "USD", "accountingBasis": "Company-defined non-GAAP", "locator": "Non-GAAP reconciliation printed p.29", "period": "FY2025", "statementStatus": "Issuer earnings release" } ] }, { "sourceUrl": "https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0000021344-25-000005/a2024q4earningsreleaseex-9.htm", "locator": "Non-GAAP reconciliation printed p.30", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "Company non-GAAP FCF excluding named cash item", "statementStatus": "Issuer earnings release", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/priorAdjustedFcf", "value": 10782, "status": "verified", "sourceValue": 10782, "notes": "6805 − 2064 + 6041 = 10782", "unit": "USD million", "currency": "USD", "accountingBasis": "Company-defined non-GAAP", "locator": "Non-GAAP reconciliation printed p.30", "period": "FY2024", "statementStatus": "Issuer earnings release" } ] }, { "sourceUrl": "https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0001628280-26-050503/ko-20260703.htm", "locator": "10-Q cover and printed p.2 income statement", "period": "27 July 2026 actual share count; Q2 ended 3 July 2026", "currency": "USD", "units": "million shares", "accountingBasis": "Actual outstanding common shares; distinct from diluted EPS average", "statementStatus": "Unaudited interim 10-Q; cover-date shares", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/capitalisationShares/shares", "value": 4302.549243, "status": "verified", "sourceValue": 4302.549243, "notes": "", "unit": "million common shares", "currency": null, "accountingBasis": "Actual outstanding common shares; distinct from diluted EPS average", "locator": "10-Q cover and printed p.2 income statement", "period": "27 July 2026 actual share count; Q2 ended 3 July 2026", "statementStatus": "Unaudited interim 10-Q; cover-date shares" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/commonEquityValueProxy", "value": 404009.3739177, "status": "calculated", "sourceValue": 404009.3739177001, "notes": "Quote 93.90 × actual 4,302.549243m shares; share count dated July 27, not July 3. Quote is externally sourced.", "unit": "USD million", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "10-Q cover and printed p.2 income statement", "period": "27 July 2026 actual share count; Q2 ended 3 July 2026", "statementStatus": "Unaudited interim 10-Q; cover-date shares" } ] }, { "sourceUrl": null, "locator": "Existing vendor quote snapshot, not original issuer financial statement", "period": "16 October 2026", "currency": "USD", "units": "USD/share or USD million", "accountingBasis": "External market quote", "statementStatus": "Not verified by this primary-filings audit", "checks": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/price", "value": 93.9, "status": "not_verified", "sourceValue": null, "notes": "Corporate financial statements cannot establish a later historical market quote; root market audit must check vendor/exchange source.", "unit": "USD per share", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Existing vendor quote snapshot, not original issuer financial statement", "period": "16 October 2026", "statementStatus": "Not verified by this primary-filings audit" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/marketCap", "value": 404990.7, "status": "not_verified", "sourceValue": null, "notes": "Corporate financial statements cannot establish a later historical market quote; root market audit must check vendor/exchange source.", "unit": "USD million", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Existing vendor quote snapshot, not original issuer financial statement", "period": "16 October 2026", "statementStatus": "Not verified by this primary-filings audit" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@KO/vendorMarketCap", "value": 404990.7, "status": "not_verified", "sourceValue": null, "notes": "Corporate financial statements cannot establish a later historical market quote; root market audit must check vendor/exchange source.", "unit": "USD million", "currency": "USD", "accountingBasis": "Historical market observation or arithmetic proxy; separate from accounting measures", "locator": "Existing vendor quote snapshot, not original issuer financial statement", "period": "16 October 2026", "statementStatus": "Not verified by this primary-filings audit" } ] } ], "claims": [ { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@KO/note", "claim": "2025 FCF includes fairlife payment of 6069; 2024 includes IRS tax-litigation deposit of 6041; company adjusted FCF removes respective items.", "verdict": "verified", "sourceUrl": "https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0001628280-26-006642/a2025q4earningsreleaseex-9.htm", "locator": "Printed p.29; FY2024 release printed p.30", "notes": "Separate FY2024 primary release checked. These measures are non-GAAP; no projected cash flows imported." }, { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@KO/note", "claim": "Operating EBITDA proxy does not adjust impairment or contingent-consideration remeasurement charges.", "verdict": "calculated", "sourceUrl": "https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0001628280-26-010047/0001628280-26-010047.pdf", "locator": "Operating income and cash-flow D&A rows", "notes": "13762 + 1050 = 14812; proxy is not company adjusted EBITDA and excludes nonoperating equity income." }, { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@KO/note", "claim": "BVPS uses rounded actual year-end common shares.", "verdict": "verified", "sourceUrl": "https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0001628280-26-010047/0001628280-26-010047.pdf", "locator": "Shareowners equity statement PDF p.67", "notes": "32169 / 4302 = 7.4776848; excludes 2106 noncontrolling equity and diluted weighted-average denominator." }, { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@KO/capitalisationShares/note", "claim": "Vendor cap/price equals Q2 diluted average 4313m; actual 27 July shares are 4302549243.", "verdict": "calculated", "sourceUrl": "https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0001628280-26-050503/ko-20260703.htm", "locator": "Cover and printed p.2", "notes": "404990.7/93.9 = 4313; this is a numerical match and does not prove vendor calculation methodology." }, { "file": "berkshire-holdings.js", "pathOrText": "businessOverviews.KO.summary", "claim": "Brands, concentrates/syrups, finished beverages and primarily independent bottling/manufacturing/distribution partners.", "verdict": "supported", "sourceUrl": "https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0001628280-26-010047/0001628280-26-010047.pdf", "locator": "Item 1 Business, concentrate and finished product operations; issuer Coca-Cola System page", "notes": "Coca-Cola System official page separately opened. Supports production/distribution sequence; 10-K supports sales and consolidation boundary." }, { "file": "berkshire-holdings-data.json", "pathOrText": "/holdings/@KO/latestLabel", "claim": "Newer Q2 2026 release shown separately from FY2025 snapshot.", "verdict": "verified", "sourceUrl": "https://www.coca-colacompany.com/media-center/coca-cola-reports-second-quarter-2026-results", "locator": "Release date 28 July; operating review period ended 3 July", "notes": "Only confirms linked release period. This is not a complete subsequent-event/index scan." }, { "file": "berkshire-holdings.js", "pathOrText": "holdings renderer arithmetic for KO", "claim": "Derived displayed metrics from verified annual inputs and separately dated quote/proxy", "verdict": "calculated", "sourceUrl": "https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0001628280-26-010047/0001628280-26-010047.pdf", "locator": "Renderer: revenue growth; EPS growth and P/E/P/B for banks; OCF minus capex, EBITDA proxy, BVPS and historical cash-flow multiples for KO", "period": "FY2025 vs FY2024; 16 October 2026 quote", "comparedValues": { "revenueGrowthPercent": 1.8699135164998548, "fcf": 5296, "priorFcf": 4741, "fcfGrowthPercent": 11.706391056739074, "operatingEBITDAProxy": 14812, "bvps": 7.47768479776848, "historicalPriceFCF": 76.28575791497357, "adjustedFcfGrowthPercent": 5.407160081617501, "historicalPriceAdjustedFCF": 35.54855907766828 }, "notes": "All formulas evaluated; UI rounds percentages/multiples. Price-based calculations validate arithmetic only, conditional on quote provenance. No TTM claim or forecast." } ], "corrections": [], "unresolved": [ "price, marketCap and vendorMarketCap are external market observations not verifiable in original financial filings; arithmetic only checked here." ], "batch": "financial-holdings", "name": "Coca-Cola", "pages": [ "berkshire.html" ], "reviewComplete": true, "originalResearchSummary": "All mapped FY2025/FY2024 annual inputs, both adjusted-FCF reconciliations and share-count dates compare to original disclosures. Cash-flow D&A/operating-income proxy remains expressly unadjusted. Market quote provenance remains outside issuer filings.", "originalUnresolved": [ "price, marketCap and vendorMarketCap are external market observations not verifiable in original financial filings; arithmetic only checked here." ], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": { "verified": 13, "calculated": 1, "not_verified": 3 }, "sourceCount": 5 }, { "id": "spacex", "status": "partial", "periodsReviewed": [ "FY2023", "FY2024", "FY2025", "Q1/Q2/Q3 2025", "Q1/Q2/Q3 2026", "9M2025", "9M2026", "June and September 2026 balance sheets" ], "summary": "Completed source review: 266 source checks, 3 arithmetic checks, 0 unverified checks. 0 dated field or wording changes applied. Counts include repeated displays; qualifications and null classifications below define the coverage.", "evidence": [ { "sourceUrl": null, "locator": "Explicit inventory of fields not yet reconciled", "period": "individual field context", "currency": "per dataset", "units": "per dataset", "accountingBasis": "unverified", "statementStatus": "unverified", "checks": [] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 4: Revenue .............................................................; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/spaceRevenue", "value": 3557, "status": "verified", "sourceValue": 3557.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 12: Income (loss) from operations .........................; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/spaceOperatingIncome", "value": -1, "status": "verified", "sourceValue": -1.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 21: Capital expenditures ............................................; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/spaceCapex", "value": 1497, "status": "verified", "sourceValue": 1497.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 7: Research and development ...............................; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/spaceRD", "value": 1538, "status": "verified", "sourceValue": 1538.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 6: Cost of revenue .................................................; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/spaceCostRevenue", "value": 1669, "status": "verified", "sourceValue": 1669.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 8: Selling, general, and administrative .................; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/spaceSGA", "value": 351, "status": "verified", "sourceValue": 351.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 18: Depreciation and amortization ............................; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/spaceDA", "value": 571, "status": "verified", "sourceValue": 571.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 19: Share-based compensation ..................................; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/spaceSBC", "value": 427, "status": "verified", "sourceValue": 427.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 42, row 10: Segment Adjusted EBITDA ................................; column 1 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/spaceAdjustedEbitda", "value": 997, "status": "verified", "sourceValue": 997.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 4: Revenue .............................................................; column 2 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/connectivityRevenue", "value": 3869, "status": "verified", "sourceValue": 3869.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 12: Income (loss) from operations .........................; column 2 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/connectivityOperatingIncome", "value": 469, "status": "verified", "sourceValue": 469.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 21: Capital expenditures ............................................; column 2 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/connectivityCapex", "value": 2455, "status": "verified", "sourceValue": 2455.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 7: Research and development ...............................; column 2 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/connectivityRD", "value": 381, "status": "verified", "sourceValue": 381.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 6: Cost of revenue .................................................; column 2 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/connectivityCostRevenue", "value": 2786, "status": "verified", "sourceValue": 2786.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 8: Selling, general, and administrative .................; column 2 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/connectivitySGA", "value": 233, "status": "verified", "sourceValue": 233.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 18: Depreciation and amortization ............................; column 2 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/connectivityDA", "value": 884, "status": "verified", "sourceValue": 884.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 19: Share-based compensation ..................................; column 2 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/connectivitySBC", "value": 249, "status": "verified", "sourceValue": 249.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 42, row 10: Segment Adjusted EBITDA ................................; column 2 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/connectivityAdjustedEbitda", "value": 1602, "status": "verified", "sourceValue": 1602.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 4: Revenue .............................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/aiRevenue", "value": 2961, "status": "verified", "sourceValue": 2961.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 12: Income (loss) from operations .........................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/aiOperatingIncome", "value": -3973, "status": "verified", "sourceValue": -3973.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 21: Capital expenditures ............................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/aiCapex", "value": 463, "status": "verified", "sourceValue": 463.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 7: Research and development ...............................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/aiRD", "value": 186, "status": "verified", "sourceValue": 186.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 6: Cost of revenue .................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/aiCostRevenue", "value": 1655, "status": "verified", "sourceValue": 1655.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 8: Selling, general, and administrative .................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/aiSGA", "value": 1081, "status": "verified", "sourceValue": 1081.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 18: Depreciation and amortization ............................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/aiDA", "value": 1180, "status": "verified", "sourceValue": 1180.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 112, row 19: Share-based compensation ..................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/aiSBC", "value": 3, "status": "verified", "sourceValue": 3.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 42, row 10: Segment Adjusted EBITDA ................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/aiAdjustedEbitda", "value": 1222, "status": "verified", "sourceValue": 1222.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 22: Net cash provided by operating activities ........................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/operatingCashFlow", "value": 4520, "status": "verified", "sourceValue": 4520.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 24: Purchases of property, plant, and equipment (related party of $666, $171, and $11 for December 31, 2025, 2024, and 2023, respectively) ................................................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/ppePurchases", "value": 4415, "status": "verified", "sourceValue": 4415.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 59, row 17: Net income (loss) ..........................................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/netIncome", "value": -4628, "status": "verified", "sourceValue": -4628.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 7: Share-based compensation ........................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/consolidatedSBC", "value": 679, "status": "verified", "sourceValue": 679.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 19: Deferred revenue ..................................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/deferredRevenueCash", "value": 1695, "status": "verified", "sourceValue": 1695.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 17, row 3: Starlink Subscribers (in millions) (1) ...; column 5 in numeric sequence", "period": "2023", "currency": "not applicable", "units": "million active service lines at period end", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/subscribersMillion", "value": 2.3, "status": "verified", "sourceValue": 2.3, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million active service lines at period end", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 17, row 4: Starlink ARPU (dollars per month) (1); column 5 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD per average subscriber per month", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/consumerArpu", "value": 99, "status": "verified", "sourceValue": 99.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per average subscriber per month", "currency": "USD", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 16, row 4: Launches (number) (1) .........................; column 5 in numeric sequence", "period": "2023", "currency": "not applicable", "units": "launches", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/launches", "value": 98, "status": "verified", "sourceValue": 98.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "launches", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 16, row 3: Mass to Orbit (in metric tons) (1) ........; column 5 in numeric sequence", "period": "2023", "currency": "not applicable", "units": "metric tonnes", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/massToOrbitTonnes", "value": 1210, "status": "verified", "sourceValue": 1210.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "metric tonnes", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 18, row 3: Nameplate compute draw (in gigawatts) (1) ....................................; column 5 in numeric sequence", "period": "2023", "currency": "not applicable", "units": "GW nameplate power draw", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/computeGW", "value": 0, "status": "verified", "sourceValue": 0.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "GW nameplate power draw", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 3: Launch Services ...........................................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/launchServicesRevenue", "value": 1964, "status": "verified", "sourceValue": 1964.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 4: Launch & Development ...............................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/launchDevelopmentRevenue", "value": 1593, "status": "verified", "sourceValue": 1593.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 6: Consumer .....................................................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/consumerRevenue", "value": 2817, "status": "verified", "sourceValue": 2817.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 7: Enterprise & Government (1) ........................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/enterpriseGovernmentRevenue", "value": 1052, "status": "verified", "sourceValue": 1052.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 9: Advertising ...................................................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/advertisingRevenue", "value": 2323, "status": "verified", "sourceValue": 2323.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 10: AI Solutions & Infrastructure ......................................................; column 3 in numeric sequence", "period": "2023", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/0/aiSolutionsRevenue", "value": 638, "status": "verified", "sourceValue": 638.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 4: Revenue .............................................................; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/spaceRevenue", "value": 3796, "status": "verified", "sourceValue": 3796.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 12: Income (loss) from operations .........................; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/spaceOperatingIncome", "value": 21, "status": "verified", "sourceValue": 21.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 21: Capital expenditures ............................................; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/spaceCapex", "value": 2032, "status": "verified", "sourceValue": 2032.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 7: Research and development ...............................; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/spaceRD", "value": 1835, "status": "verified", "sourceValue": 1835.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 6: Cost of revenue .................................................; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/spaceCostRevenue", "value": 1541, "status": "verified", "sourceValue": 1541.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 8: Selling, general, and administrative .................; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/spaceSGA", "value": 375, "status": "verified", "sourceValue": 375.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 18: Depreciation and amortization ............................; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/spaceDA", "value": 637, "status": "verified", "sourceValue": 637.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 19: Share-based compensation ..................................; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/spaceSBC", "value": 472, "status": "verified", "sourceValue": 472.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 41, row 10: Segment Adjusted EBITDA ................................; column 1 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/spaceAdjustedEbitda", "value": 1154, "status": "verified", "sourceValue": 1154.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 4: Revenue .............................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/connectivityRevenue", "value": 7599, "status": "verified", "sourceValue": 7599.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 12: Income (loss) from operations .........................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/connectivityOperatingIncome", "value": 2006, "status": "verified", "sourceValue": 2006.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 21: Capital expenditures ............................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/connectivityCapex", "value": 3498, "status": "verified", "sourceValue": 3498.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 7: Research and development ...............................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/connectivityRD", "value": 453, "status": "verified", "sourceValue": 453.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 6: Cost of revenue .................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/connectivityCostRevenue", "value": 4768, "status": "verified", "sourceValue": 4768.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 8: Selling, general, and administrative .................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/connectivitySGA", "value": 333, "status": "verified", "sourceValue": 333.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 18: Depreciation and amortization ............................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/connectivityDA", "value": 1508, "status": "verified", "sourceValue": 1508.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 19: Share-based compensation ..................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/connectivitySBC", "value": 296, "status": "verified", "sourceValue": 296.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 41, row 10: Segment Adjusted EBITDA ................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/connectivityAdjustedEbitda", "value": 3849, "status": "verified", "sourceValue": 3849.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 4: Revenue .............................................................; column 3 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/aiRevenue", "value": 2620, "status": "verified", "sourceValue": 2620.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 12: Income (loss) from operations .........................; column 3 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/aiOperatingIncome", "value": -1561, "status": "verified", "sourceValue": -1561.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 21: Capital expenditures ............................................; column 3 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/aiCapex", "value": 5633, "status": "verified", "sourceValue": 5633.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 7: Research and development ...............................; column 3 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/aiRD", "value": 1176, "status": "verified", "sourceValue": 1176.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 6: Cost of revenue .................................................; column 3 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/aiCostRevenue", "value": 1687, "status": "verified", "sourceValue": 1687.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 8: Selling, general, and administrative .................; column 3 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/aiSGA", "value": 1105, "status": "verified", "sourceValue": 1105.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 18: Depreciation and amortization ............................; column 3 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/aiDA", "value": 1679, "status": "verified", "sourceValue": 1679.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 111, row 19: Share-based compensation ..................................; column 3 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/aiSBC", "value": 16, "status": "verified", "sourceValue": 16.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 41, row 10: Segment Adjusted EBITDA ................................; column 3 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/aiAdjustedEbitda", "value": 347, "status": "verified", "sourceValue": 347.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 22: Net cash provided by operating activities ........................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/operatingCashFlow", "value": 5776, "status": "verified", "sourceValue": 5776.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 24: Purchases of property, plant, and equipment (related party of $666, $171, and $11 for December 31, 2025, 2024, and 2023, respectively) ................................................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/ppePurchases", "value": 11163, "status": "verified", "sourceValue": 11163.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 59, row 17: Net income (loss) ..........................................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/netIncome", "value": 791, "status": "verified", "sourceValue": 791.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 7: Share-based compensation ........................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/consolidatedSBC", "value": 784, "status": "verified", "sourceValue": 784.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 19: Deferred revenue ..................................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/deferredRevenueCash", "value": 1876, "status": "verified", "sourceValue": 1876.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 17, row 3: Starlink Subscribers (in millions) (1) ...; column 4 in numeric sequence", "period": "2024", "currency": "not applicable", "units": "million active service lines at period end", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/subscribersMillion", "value": 4.4, "status": "verified", "sourceValue": 4.4, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million active service lines at period end", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 17, row 4: Starlink ARPU (dollars per month) (1); column 4 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD per average subscriber per month", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/consumerArpu", "value": 91, "status": "verified", "sourceValue": 91.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per average subscriber per month", "currency": "USD", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 16, row 4: Launches (number) (1) .........................; column 4 in numeric sequence", "period": "2024", "currency": "not applicable", "units": "launches", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/launches", "value": 138, "status": "verified", "sourceValue": 138.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "launches", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 16, row 3: Mass to Orbit (in metric tons) (1) ........; column 4 in numeric sequence", "period": "2024", "currency": "not applicable", "units": "metric tonnes", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/massToOrbitTonnes", "value": 1699, "status": "verified", "sourceValue": 1699.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "metric tonnes", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 18, row 3: Nameplate compute draw (in gigawatts) (1) ....................................; column 4 in numeric sequence", "period": "2024", "currency": "not applicable", "units": "GW nameplate power draw", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/computeGW", "value": 0.3, "status": "verified", "sourceValue": 0.3, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "GW nameplate power draw", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 3: Launch Services ...........................................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/launchServicesRevenue", "value": 2584, "status": "verified", "sourceValue": 2584.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 4: Launch & Development ...............................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/launchDevelopmentRevenue", "value": 1212, "status": "verified", "sourceValue": 1212.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 6: Consumer .....................................................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/consumerRevenue", "value": 4830, "status": "verified", "sourceValue": 4830.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 7: Enterprise & Government (1) ........................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/enterpriseGovernmentRevenue", "value": 2769, "status": "verified", "sourceValue": 2769.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 9: Advertising ...................................................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/advertisingRevenue", "value": 1728, "status": "verified", "sourceValue": 1728.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 10: AI Solutions & Infrastructure ......................................................; column 2 in numeric sequence", "period": "2024", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/1/aiSolutionsRevenue", "value": 892, "status": "verified", "sourceValue": 892.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 4: Revenue .............................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/spaceRevenue", "value": 4086, "status": "verified", "sourceValue": 4086.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 12: Income (loss) from operations .........................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/spaceOperatingIncome", "value": -657, "status": "verified", "sourceValue": -657.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 21: Capital expenditures ............................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/spaceCapex", "value": 3832, "status": "verified", "sourceValue": 3832.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 7: Research and development ...............................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/spaceRD", "value": 3004, "status": "verified", "sourceValue": 3004.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 6: Cost of revenue .................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/spaceCostRevenue", "value": 1352, "status": "verified", "sourceValue": 1352.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 8: Selling, general, and administrative .................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/spaceSGA", "value": 349, "status": "verified", "sourceValue": 349.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 18: Depreciation and amortization ............................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/spaceDA", "value": 757, "status": "verified", "sourceValue": 757.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 19: Share-based compensation ..................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/spaceSBC", "value": 515, "status": "verified", "sourceValue": 515.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 40, row 10: Segment Adjusted EBITDA ................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/spaceAdjustedEbitda", "value": 653, "status": "verified", "sourceValue": 653.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 4: Revenue .............................................................; column 2 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/connectivityRevenue", "value": 11387, "status": "verified", "sourceValue": 11387.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 12: Income (loss) from operations .........................; column 2 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/connectivityOperatingIncome", "value": 4423, "status": "verified", "sourceValue": 4423.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 21: Capital expenditures ............................................; column 2 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/connectivityCapex", "value": 4178, "status": "verified", "sourceValue": 4178.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 7: Research and development ...............................; column 2 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/connectivityRD", "value": 575, "status": "verified", "sourceValue": 575.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 6: Cost of revenue .................................................; column 2 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/connectivityCostRevenue", "value": 5921, "status": "verified", "sourceValue": 5921.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 8: Selling, general, and administrative .................; column 2 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/connectivitySGA", "value": 468, "status": "verified", "sourceValue": 468.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 18: Depreciation and amortization ............................; column 2 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/connectivityDA", "value": 2376, "status": "verified", "sourceValue": 2376.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 19: Share-based compensation ..................................; column 2 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/connectivitySBC", "value": 369, "status": "verified", "sourceValue": 369.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 40, row 10: Segment Adjusted EBITDA ................................; column 2 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/connectivityAdjustedEbitda", "value": 7168, "status": "verified", "sourceValue": 7168.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 4: Revenue .............................................................; column 3 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/aiRevenue", "value": 3201, "status": "verified", "sourceValue": 3201.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 12: Income (loss) from operations .........................; column 3 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/aiOperatingIncome", "value": -6355, "status": "verified", "sourceValue": -6355.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 21: Capital expenditures ............................................; column 3 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/aiCapex", "value": 12727, "status": "verified", "sourceValue": 12727.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 7: Research and development ...............................; column 3 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/aiRD", "value": 5064, "status": "verified", "sourceValue": 5064.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 6: Cost of revenue .................................................; column 3 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/aiCostRevenue", "value": 2178, "status": "verified", "sourceValue": 2178.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 8: Selling, general, and administrative .................; column 3 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/aiSGA", "value": 1827, "status": "verified", "sourceValue": 1827.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 18: Depreciation and amortization ............................; column 3 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/aiDA", "value": 3568, "status": "verified", "sourceValue": 3568.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 110, row 19: Share-based compensation ..................................; column 3 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/aiSBC", "value": 1063, "status": "verified", "sourceValue": 1063.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 40, row 10: Segment Adjusted EBITDA ................................; column 3 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/aiAdjustedEbitda", "value": -1237, "status": "verified", "sourceValue": -1237.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "reported non-GAAP segment adjusted EBITDA; restructuring/impairment addbacks retained" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 22: Net cash provided by operating activities ........................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/operatingCashFlow", "value": 6785, "status": "verified", "sourceValue": 6785.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 24: Purchases of property, plant, and equipment (related party of $666, $171, and $11 for December 31, 2025, 2024, and 2023, respectively) ................................................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/ppePurchases", "value": 20737, "status": "verified", "sourceValue": 20737.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 59, row 17: Net income (loss) ..........................................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/netIncome", "value": -4937, "status": "verified", "sourceValue": -4937.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 7: Share-based compensation ........................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/consolidatedSBC", "value": 1947, "status": "verified", "sourceValue": 1947.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 62, row 19: Deferred revenue ..................................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/deferredRevenueCash", "value": 1929, "status": "verified", "sourceValue": 1929.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined SpaceX/xAI/X Holdings" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 17, row 3: Starlink Subscribers (in millions) (1) ...; column 3 in numeric sequence", "period": "2025", "currency": "not applicable", "units": "million active service lines at period end", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/subscribersMillion", "value": 8.9, "status": "verified", "sourceValue": 8.9, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million active service lines at period end", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 17, row 4: Starlink ARPU (dollars per month) (1); column 3 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD per average subscriber per month", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/consumerArpu", "value": 81, "status": "verified", "sourceValue": 81.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per average subscriber per month", "currency": "USD", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 16, row 4: Launches (number) (1) .........................; column 3 in numeric sequence", "period": "2025", "currency": "not applicable", "units": "launches", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/launches", "value": 170, "status": "verified", "sourceValue": 170.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "launches", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 16, row 3: Mass to Orbit (in metric tons) (1) ........; column 3 in numeric sequence", "period": "2025", "currency": "not applicable", "units": "metric tonnes", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/massToOrbitTonnes", "value": 2213, "status": "verified", "sourceValue": 2213.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "metric tonnes", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 18, row 3: Nameplate compute draw (in gigawatts) (1) ....................................; column 3 in numeric sequence", "period": "2025", "currency": "not applicable", "units": "GW nameplate power draw", "accountingBasis": "issuer operational metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/computeGW", "value": 0.8, "status": "verified", "sourceValue": 0.8, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "GW nameplate power draw", "currency": "not applicable", "accountingBasis": "issuer operational metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 3: Launch Services ...........................................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/launchServicesRevenue", "value": 2576, "status": "verified", "sourceValue": 2576.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 4: Launch & Development ...............................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/launchDevelopmentRevenue", "value": 1510, "status": "verified", "sourceValue": 1510.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 6: Consumer .....................................................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/consumerRevenue", "value": 7208, "status": "verified", "sourceValue": 7208.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 7: Enterprise & Government (1) ........................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/enterpriseGovernmentRevenue", "value": 4179, "status": "verified", "sourceValue": 4179.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 9: Advertising ...................................................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/advertisingRevenue", "value": 1844, "status": "verified", "sourceValue": 1844.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 68, row 10: AI Solutions & Infrastructure ......................................................; column 1 in numeric sequence", "period": "2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP retrospectively combined revenue", "statementStatus": "final audited annual statements", "checks": [ { "file": "spacex-data.json", "path": "/periods/annual/2/aiSolutionsRevenue", "value": 1357, "status": "verified", "sourceValue": 1357.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP retrospectively combined revenue" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 4: Revenue ..............................................................; column 1 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/spaceRevenue", "value": 865, "status": "verified", "sourceValue": 865.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 12: Income (loss) from operations ..........................; column 1 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/spaceOperatingIncome", "value": -70, "status": "verified", "sourceValue": -70.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 21: Capital expenditures ............................................; column 1 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/spaceCapex", "value": 759, "status": "verified", "sourceValue": 759.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 7: Research and development .............................; column 1 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/spaceRD", "value": 526, "status": "verified", "sourceValue": 526.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 4: Revenue ..............................................................; column 2 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/connectivityRevenue", "value": 2475, "status": "verified", "sourceValue": 2475.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 12: Income (loss) from operations ..........................; column 2 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/connectivityOperatingIncome", "value": 1033, "status": "verified", "sourceValue": 1033.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 21: Capital expenditures ............................................; column 2 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/connectivityCapex", "value": 814, "status": "verified", "sourceValue": 814.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 7: Research and development .............................; column 2 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/connectivityRD", "value": 123, "status": "verified", "sourceValue": 123.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 4: Revenue ..............................................................; column 3 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/aiRevenue", "value": 727, "status": "verified", "sourceValue": 727.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 12: Income (loss) from operations ..........................; column 3 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/aiOperatingIncome", "value": -936, "status": "verified", "sourceValue": -936.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 21: Capital expenditures ............................................; column 3 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/aiCapex", "value": 2567, "status": "verified", "sourceValue": 2567.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 146, row 7: Research and development .............................; column 3 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/aiRD", "value": 908, "status": "verified", "sourceValue": 908.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 17, row 3: Starlink Subscribers (in millions) (1) ...; column 2 in numeric sequence", "period": "Q1 2025", "currency": "not applicable", "units": "million active service lines at period end", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/subscribersMillion", "value": 5, "status": "verified", "sourceValue": 5.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million active service lines at period end", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 17, row 4: Starlink ARPU (dollars per month) (1); column 2 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD per average subscriber per month", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/consumerArpu", "value": 86, "status": "verified", "sourceValue": 86.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per average subscriber per month", "currency": "USD", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 16, row 4: Launches (number) (1) .........................; column 2 in numeric sequence", "period": "Q1 2025", "currency": "not applicable", "units": "launches", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/launches", "value": 38, "status": "verified", "sourceValue": 38.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "launches", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 16, row 3: Mass to Orbit (in metric tons) (1) ........; column 2 in numeric sequence", "period": "Q1 2025", "currency": "not applicable", "units": "metric tonnes", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/massToOrbitTonnes", "value": 450, "status": "verified", "sourceValue": 450.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "metric tonnes", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 18, row 3: Nameplate compute draw (in gigawatts) (1) ....................................; column 2 in numeric sequence", "period": "Q1 2025", "currency": "not applicable", "units": "GW nameplate power draw", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/computeGW", "value": 0.3, "status": "verified", "sourceValue": 0.3, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "GW nameplate power draw", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 13, row 4: Net cash provided by operating activities ..........................................; column 2 in numeric sequence", "period": "Q1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/0/operatingCashFlow", "value": 727, "status": "verified", "sourceValue": 727.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 5: Revenue; column 1 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/spaceRevenue", "value": 746, "status": "verified", "sourceValue": 746.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 13: Income (loss) from operations; column 1 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/spaceOperatingIncome", "value": -369, "status": "verified", "sourceValue": -369.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 22: Capital expenditures; column 1 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/spaceCapex", "value": 946, "status": "verified", "sourceValue": 946.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 8: Research and development; column 1 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/spaceRD", "value": 693, "status": "verified", "sourceValue": 693.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 5: Revenue; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/connectivityRevenue", "value": 2588, "status": "verified", "sourceValue": 2588.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 13: Income (loss) from operations; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/connectivityOperatingIncome", "value": 923, "status": "verified", "sourceValue": 923.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 22: Capital expenditures; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/connectivityCapex", "value": 1130, "status": "verified", "sourceValue": 1130.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 8: Research and development; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/connectivityRD", "value": 143, "status": "verified", "sourceValue": 143.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 5: Revenue; column 3 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/aiRevenue", "value": 737, "status": "verified", "sourceValue": 737.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 13: Income (loss) from operations; column 3 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/aiOperatingIncome", "value": -1524, "status": "verified", "sourceValue": -1524.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 22: Capital expenditures; column 3 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/aiCapex", "value": 749, "status": "verified", "sourceValue": 749.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 48, row 8: Research and development; column 3 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/aiRD", "value": 1122, "status": "verified", "sourceValue": 1122.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 54, row 5: Starlink ARPU; column 2 in numeric sequence", "period": "Q2 2025", "currency": "USD", "units": "USD per average subscriber per month", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/1/consumerArpu", "value": 85, "status": "verified", "sourceValue": 85.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per average subscriber per month", "currency": "USD", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 13: Space revenues; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/spaceRevenue", "value": 1666, "status": "verified", "sourceValue": 1666.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 20: Income (loss) from operations; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/spaceOperatingIncome", "value": 259, "status": "verified", "sourceValue": 259.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 29: Space Capex; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/spaceCapex", "value": 1113, "status": "verified", "sourceValue": 1113.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 17: Research and development; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/spaceRD", "value": 849, "status": "verified", "sourceValue": 849.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 8: Connectivity revenues; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/connectivityRevenue", "value": 3097, "status": "verified", "sourceValue": 3097.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 14: Income from operations; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/connectivityOperatingIncome", "value": 1190, "status": "verified", "sourceValue": 1190.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 22: Connectivity Capex; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/connectivityCapex", "value": 1007, "status": "verified", "sourceValue": 1007.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 12: Research and development; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/connectivityRD", "value": 141, "status": "verified", "sourceValue": 141.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 7: SI revenues; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/aiRevenue", "value": 813, "status": "verified", "sourceValue": 813.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 14: Income (loss) from operations; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/aiOperatingIncome", "value": -1722, "status": "verified", "sourceValue": -1722.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 25: SI Capex; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/aiCapex", "value": 4760, "status": "verified", "sourceValue": 4760.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 11: Research and development; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/aiRD", "value": 1301, "status": "verified", "sourceValue": 1301.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 3: Starlink consumer subscribers (# in millions, as of period end); column 3 in numeric sequence", "period": "Q3 2025", "currency": "not applicable", "units": "million active service lines at period end", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/subscribersMillion", "value": 7.2, "status": "verified", "sourceValue": 7.2, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million active service lines at period end", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 4: Starlink consumer ARPU ($ per month); column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD per average subscriber per month", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/consumerArpu", "value": 83, "status": "verified", "sourceValue": 83.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per average subscriber per month", "currency": "USD", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 5: Total launches (#); column 3 in numeric sequence", "period": "Q3 2025", "currency": "not applicable", "units": "launches", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/launches", "value": 44, "status": "verified", "sourceValue": 44.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "launches", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 3: Nameplate compute (in GW); column 3 in numeric sequence", "period": "Q3 2025", "currency": "not applicable", "units": "GW nameplate power draw", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/computeGW", "value": 0.6, "status": "verified", "sourceValue": 0.6, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "GW nameplate power draw", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 6: Consumer revenues; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/consumerRevenue", "value": 1986, "status": "verified", "sourceValue": 1986.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 7: Enterprise & government revenues; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/enterpriseGovernmentRevenue", "value": 1111, "status": "verified", "sourceValue": 1111.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 5: Advertising revenues; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/advertisingRevenue", "value": 454, "status": "verified", "sourceValue": 454.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 6: SI solutions & infrastructure revenues; column 3 in numeric sequence", "period": "Q3 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/2/aiSolutionsRevenue", "value": 359, "status": "verified", "sourceValue": 359.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 5: Revenue .............................................................; column 1 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/spaceRevenue", "value": 619, "status": "verified", "sourceValue": 619.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 12: Income (loss) from operations ..........................; column 1 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/spaceOperatingIncome", "value": -662, "status": "verified", "sourceValue": -662.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 20: Capital expenditures ............................................; column 1 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/spaceCapex", "value": 1052, "status": "verified", "sourceValue": 1052.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 8: Research and development .............................; column 1 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/spaceRD", "value": 930, "status": "verified", "sourceValue": 930.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 5: Revenue .............................................................; column 2 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/connectivityRevenue", "value": 3257, "status": "verified", "sourceValue": 3257.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 12: Income (loss) from operations ..........................; column 2 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/connectivityOperatingIncome", "value": 1188, "status": "verified", "sourceValue": 1188.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 20: Capital expenditures ............................................; column 2 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/connectivityCapex", "value": 1332, "status": "verified", "sourceValue": 1332.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 8: Research and development .............................; column 2 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/connectivityRD", "value": 205, "status": "verified", "sourceValue": 205.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 5: Revenue .............................................................; column 3 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/aiRevenue", "value": 818, "status": "verified", "sourceValue": 818.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 12: Income (loss) from operations ..........................; column 3 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/aiOperatingIncome", "value": -2469, "status": "verified", "sourceValue": -2469.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 20: Capital expenditures ............................................; column 3 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/aiCapex", "value": 7723, "status": "verified", "sourceValue": 7723.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 145, row 8: Research and development .............................; column 3 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/aiRD", "value": 2379, "status": "verified", "sourceValue": 2379.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 17, row 3: Starlink Subscribers (in millions) (1) ...; column 1 in numeric sequence", "period": "Q1 2026", "currency": "not applicable", "units": "million active service lines at period end", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/subscribersMillion", "value": 10.3, "status": "verified", "sourceValue": 10.3, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million active service lines at period end", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 17, row 4: Starlink ARPU (dollars per month) (1); column 1 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD per average subscriber per month", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/consumerArpu", "value": 66, "status": "verified", "sourceValue": 66.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per average subscriber per month", "currency": "USD", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 16, row 4: Launches (number) (1) .........................; column 1 in numeric sequence", "period": "Q1 2026", "currency": "not applicable", "units": "launches", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/launches", "value": 40, "status": "verified", "sourceValue": 40.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "launches", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 16, row 3: Mass to Orbit (in metric tons) (1) ........; column 1 in numeric sequence", "period": "Q1 2026", "currency": "not applicable", "units": "metric tonnes", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/massToOrbitTonnes", "value": 556, "status": "verified", "sourceValue": 556.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "metric tonnes", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 18, row 3: Nameplate compute draw (in gigawatts) (1) ....................................; column 1 in numeric sequence", "period": "Q1 2026", "currency": "not applicable", "units": "GW nameplate power draw", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/computeGW", "value": 1, "status": "verified", "sourceValue": 1.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "GW nameplate power draw", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Table 13, row 4: Net cash provided by operating activities ..........................................; column 1 in numeric sequence", "period": "Q1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/3/operatingCashFlow", "value": 1047, "status": "verified", "sourceValue": 1047.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 5: Revenue; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/spaceRevenue", "value": 962, "status": "verified", "sourceValue": 962.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 13: Income (loss) from operations; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/spaceOperatingIncome", "value": -542, "status": "verified", "sourceValue": -542.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 22: Capital expenditures; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/spaceCapex", "value": 1174, "status": "verified", "sourceValue": 1174.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 8: Research and development; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/spaceRD", "value": 1076, "status": "verified", "sourceValue": 1076.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 5: Revenue; column 2 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/connectivityRevenue", "value": 4291, "status": "verified", "sourceValue": 4291.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 13: Income (loss) from operations; column 2 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/connectivityOperatingIncome", "value": 1656, "status": "verified", "sourceValue": 1656.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 22: Capital expenditures; column 2 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/connectivityCapex", "value": 1367, "status": "verified", "sourceValue": 1367.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 8: Research and development; column 2 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/connectivityRD", "value": 294, "status": "verified", "sourceValue": 294.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 5: Revenue; column 3 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/aiRevenue", "value": 2561, "status": "verified", "sourceValue": 2561.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 13: Income (loss) from operations; column 3 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/aiOperatingIncome", "value": -1257, "status": "verified", "sourceValue": -1257.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 22: Capital expenditures; column 3 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/aiCapex", "value": 15828, "status": "verified", "sourceValue": 15828.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 46, row 8: Research and development; column 3 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/aiRD", "value": 2178, "status": "verified", "sourceValue": 2178.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 54, row 5: Starlink ARPU; column 1 in numeric sequence", "period": "Q2 2026", "currency": "USD", "units": "USD per average subscriber per month", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/consumerArpu", "value": 66, "status": "verified", "sourceValue": 66.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per average subscriber per month", "currency": "USD", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 53, row 5: Starlink subscribers; column 1 in numeric sequence", "period": "Q2 2026", "currency": "not applicable", "units": "million active service lines at period end", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/4/subscribersMillion", "value": 12, "status": "verified", "sourceValue": 12.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million active service lines at period end", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 13: Space revenues; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/spaceRevenue", "value": 1767, "status": "verified", "sourceValue": 1767.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 20: Income (loss) from operations; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/spaceOperatingIncome", "value": -7, "status": "verified", "sourceValue": -7.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 29: Space Capex; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/spaceCapex", "value": 1606, "status": "verified", "sourceValue": 1606.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 17: Research and development; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/spaceRD", "value": 1225, "status": "verified", "sourceValue": 1225.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 8: Connectivity revenues; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/connectivityRevenue", "value": 5248, "status": "verified", "sourceValue": 5248.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 14: Income from operations; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/connectivityOperatingIncome", "value": 2367, "status": "verified", "sourceValue": 2367.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 22: Connectivity Capex; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/connectivityCapex", "value": 1543, "status": "verified", "sourceValue": 1543.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 12: Research and development; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/connectivityRD", "value": 188, "status": "verified", "sourceValue": 188.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 7: SI revenues; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/aiRevenue", "value": 7560, "status": "verified", "sourceValue": 7560.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 14: Income (loss) from operations; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/aiOperatingIncome", "value": 431, "status": "verified", "sourceValue": 431.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 25: SI Capex; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/aiCapex", "value": 16444, "status": "verified", "sourceValue": 16444.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 11: Research and development; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/aiRD", "value": 3183, "status": "verified", "sourceValue": 3183.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 3: Starlink consumer subscribers (# in millions, as of period end); column 1 in numeric sequence", "period": "Q3 2026", "currency": "not applicable", "units": "million active service lines at period end", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/subscribersMillion", "value": 13.6, "status": "verified", "sourceValue": 13.6, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "million active service lines at period end", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 4: Starlink consumer ARPU ($ per month); column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD per average subscriber per month", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/consumerArpu", "value": 69, "status": "verified", "sourceValue": 69.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD per average subscriber per month", "currency": "USD", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 5: Total launches (#); column 1 in numeric sequence", "period": "Q3 2026", "currency": "not applicable", "units": "launches", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/launches", "value": 35, "status": "verified", "sourceValue": 35.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "launches", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 9: Mass to orbit (in metric tons ); column 1 in numeric sequence", "period": "Q3 2026", "currency": "not applicable", "units": "metric tonnes", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/massToOrbitTonnes", "value": 476, "status": "verified", "sourceValue": 476.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "metric tonnes", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 3: Nameplate compute (in GW); column 1 in numeric sequence", "period": "Q3 2026", "currency": "not applicable", "units": "GW nameplate power draw", "accountingBasis": "issuer operating metric", "statementStatus": "issuer operating disclosure in annual/interim report; not separately audited", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/computeGW", "value": 1.7, "status": "verified", "sourceValue": 1.7, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "GW nameplate power draw", "currency": "not applicable", "accountingBasis": "issuer operating metric" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 6: Consumer revenues; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/consumerRevenue", "value": 3121, "status": "verified", "sourceValue": 3121.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 7: Enterprise & government revenues; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/enterpriseGovernmentRevenue", "value": 2127, "status": "verified", "sourceValue": 2127.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 5: Advertising revenues; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/advertisingRevenue", "value": 538, "status": "verified", "sourceValue": 538.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 6: SI solutions & infrastructure revenues; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/aiSolutionsRevenue", "value": 7022, "status": "verified", "sourceValue": 7022.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 12, row 17: Net income (loss) .................................................................................................................; column 1 in numeric sequence", "period": "Q3 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/quarterly/5/netIncome", "value": 4404, "status": "verified", "sourceValue": 4404.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 13: Space revenues; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/0/spaceRevenue", "value": 3277, "status": "verified", "sourceValue": 3277.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 8: Connectivity revenues; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/0/connectivityRevenue", "value": 8159, "status": "verified", "sourceValue": 8159.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 7: SI revenues; column 5 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/0/aiRevenue", "value": 2278, "status": "verified", "sourceValue": 2278.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 17, row 20: Net cash provided by operating activities ................................................................................................................; column 2 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/0/operatingCashFlow", "value": 4120, "status": "verified", "sourceValue": 4120.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 17, row 22: Purchases of property, plant, and equipment (related party of $480 and $285 for September 30, 2026 and 2025, respectively) ...............................................................................................................................................................................; column 2 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/0/ppePurchases", "value": 13846, "status": "verified", "sourceValue": 13846.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 17, row 7: Share-based compensation ...................................................................................................................................................; column 2 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/0/consolidatedSBC", "value": 1044, "status": "verified", "sourceValue": 1044.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 17, row 18: Deferred revenue ............................................................................................................................................................; column 2 in numeric sequence", "period": "9M 2025", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/0/deferredRevenueCash", "value": 404, "status": "verified", "sourceValue": 404.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 13: Space revenues; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/spaceRevenue", "value": 3348, "status": "verified", "sourceValue": 3348.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 20: Income (loss) from operations; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/spaceOperatingIncome", "value": -1211, "status": "verified", "sourceValue": -1211.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 29: Space Capex; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/spaceCapex", "value": 3832, "status": "verified", "sourceValue": 3832.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 4, row 17: Research and development; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/spaceRD", "value": 3231, "status": "verified", "sourceValue": 3231.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 8: Connectivity revenues; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/connectivityRevenue", "value": 12796, "status": "verified", "sourceValue": 12796.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 14: Income from operations; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/connectivityOperatingIncome", "value": 5211, "status": "verified", "sourceValue": 5211.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 22: Connectivity Capex; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/connectivityCapex", "value": 4242, "status": "verified", "sourceValue": 4242.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 6, row 12: Research and development; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/connectivityRD", "value": 687, "status": "verified", "sourceValue": 687.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 7: SI revenues; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/aiRevenue", "value": 10939, "status": "verified", "sourceValue": 10939.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 14: Income (loss) from operations; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/aiOperatingIncome", "value": -3295, "status": "verified", "sourceValue": -3295.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 25: SI Capex; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/aiCapex", "value": 39995, "status": "verified", "sourceValue": 39995.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 8, row 11: Research and development; column 4 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/aiRD", "value": 7740, "status": "verified", "sourceValue": 7740.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 17, row 20: Net cash provided by operating activities ................................................................................................................; column 1 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/operatingCashFlow", "value": 13097, "status": "verified", "sourceValue": 13097.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 17, row 22: Purchases of property, plant, and equipment (related party of $480 and $285 for September 30, 2026 and 2025, respectively) ...............................................................................................................................................................................; column 1 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/ppePurchases", "value": 48069, "status": "verified", "sourceValue": 48069.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 17, row 7: Share-based compensation ...................................................................................................................................................; column 1 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/consolidatedSBC", "value": 3833, "status": "verified", "sourceValue": 3833.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 17, row 18: Deferred revenue ............................................................................................................................................................; column 1 in numeric sequence", "period": "9M 2026", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim statements/release", "checks": [ { "file": "spacex-data.json", "path": "/periods/nineMonths/1/deferredRevenueCash", "value": 4922, "status": "verified", "sourceValue": 4922.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 10, row 7: Cash and cash equivalents; column 1 in numeric sequence", "period": "2026-06-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim balance sheet", "checks": [ { "file": "spacex-data.json", "path": "/periods/balances/0/cash", "value": 93522, "status": "verified", "sourceValue": 93522.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 10, row 8: Marketable securities; column 1 in numeric sequence", "period": "2026-06-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim balance sheet", "checks": [ { "file": "spacex-data.json", "path": "/periods/balances/0/marketableSecurities", "value": 6487, "status": "verified", "sourceValue": 6487.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Table 30, row 17: Total debt and finance leases; column 3 in numeric sequence", "period": "2026-06-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP carrying debt plus finance leases, net of unamortised issuance costs", "statementStatus": "unaudited interim balance sheet", "checks": [ { "file": "spacex-data.json", "path": "/periods/balances/0/debtFinanceLeases", "value": 39364, "status": "verified", "sourceValue": 39364.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP carrying debt plus finance leases, net of unamortised issuance costs" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "locator": "Balance sheet common-stock description: actual A/B shares outstanding; C nil; all rounded to millions", "period": "2026-06-30", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim balance sheet", "checks": [ { "file": "spacex-data.json", "path": "/periods/balances/0/classASharesMillion", "value": 7607, "status": "verified", "sourceValue": 7607, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "spacex-data.json", "path": "/periods/balances/0/classBSharesMillion", "value": 5569, "status": "verified", "sourceValue": 5569, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "spacex-data.json", "path": "/periods/balances/0/commonSharesMillion", "value": 13176, "status": "calculated", "sourceValue": 13176, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 15, row 4: Cash and cash equivalents ..................................................................................................................................................; column 1 in numeric sequence", "period": "2026-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim balance sheet", "checks": [ { "file": "spacex-data.json", "path": "/periods/balances/1/cash", "value": 51294, "status": "verified", "sourceValue": 51294.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Table 15, row 5: Marketable securities ..........................................................................................................................................................; column 1 in numeric sequence", "period": "2026-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim balance sheet", "checks": [ { "file": "spacex-data.json", "path": "/periods/balances/1/marketableSecurities", "value": 38561, "status": "verified", "sourceValue": 38561.0, "notes": "Column sequence and period header inspected; source sign converted to positive outflow magnitude where labelled.", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Balance sheet current debt/finance leases 2,698 plus noncurrent 36,146", "period": "2026-09-30", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP debt plus finance leases", "statementStatus": "unaudited interim balance sheet", "checks": [ { "file": "spacex-data.json", "path": "/periods/balances/1/debtFinanceLeases", "value": 38844, "status": "calculated", "sourceValue": 38844, "notes": "", "unit": "USD million", "currency": "USD", "accountingBasis": "US GAAP debt plus finance leases" } ] }, { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Balance sheet common-stock description: actual A/B shares outstanding; C nil; all rounded to millions", "period": "2026-09-30", "currency": "not applicable", "units": "million shares", "accountingBasis": "US GAAP", "statementStatus": "unaudited interim balance sheet", "checks": [ { "file": "spacex-data.json", "path": "/periods/balances/1/classASharesMillion", "value": 8240, "status": "verified", "sourceValue": 8240, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "spacex-data.json", "path": "/periods/balances/1/classBSharesMillion", "value": 5339, "status": "verified", "sourceValue": 5339, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" }, { "file": "spacex-data.json", "path": "/periods/balances/1/commonSharesMillion", "value": 13579, "status": "calculated", "sourceValue": 13579, "notes": "", "unit": "million shares", "currency": "not applicable", "accountingBasis": "US GAAP" } ] } ], "claims": [ { "file": "spacex.html", "pathOrText": "Business overview", "claim": "Group manufactures rockets/spacecraft,provides commercial/government missions,recurring consumer/enterprise/government connectivity,and separately reported AI business.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Business and segment descriptions; Note19", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "Rocket economics", "claim": "Falcon9 first-stage recovery/reuse; second stage not designed for recovery/reuse. Starship full rapid reuse remains a development aim,not demonstrated unit economics.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Business Falcon9 and Starship", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "Internal launches", "claim": "Intercompany balances/transactions eliminated in consolidation; own network deployment is not additional external revenue.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Note2 Principles of Consolidation; business launch deployment", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "Useful lives", "claim": "Satellite useful-life estimate3–5years; earlier deorbit possible for safety; flight hardware depreciated over expected flights.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Business Satellite Life; Note2 Property plant and equipment", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "Revenue recognition", "claim": "Launch Services generally launch/deployment; launch/development over time cost-to-cost; consumer recurring service and terminal delivery/installation have distinct timing.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Note3 Revenue recognition; MD&A revenue by segment", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "Subscribers and ARPU", "claim": "Subscriber unit is Service Line,not unique people; ARPU=service revenue/average subscribers/months;period-end counts cannot reconstruct exact revenue.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Glossary ARPU and Service Line; operating metrics definitions", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "Voting control", "claim": "ClassB ten votes;ClassA one vote;controlled-company governance; economic ownership differs from voting.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Capital stock/voting rights; controlled-company disclosure", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "Comparability", "claim": "Financial history retrospectively combines SpaceX,xAI,X under common-control accounting; legal acquisition dates do not define presented combined history. 5-for-1May2026 split reflected retrospectively.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Basis of presentation; common-control transaction notes; share split", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "Capex and R&D", "claim": "R&D operating expense distinct from capitalised assets; Space includes other businesses so not Starship-only spend.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Statement of operations and segment note", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "History scope", "claim": "Audited annual financial history in prospectus2023–2025; Q1 interim unaudited. No pre2023 comparable series supplied here.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Auditor report; annual and interim financial headings", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "Sources and measurement", "claim": "Q3/9M2026 and comparative results unaudited; later SI label mapped to AI history; net cash after grossPPE is custom cash subtotal,not company-reportedFCF.", "verdict": "verified", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "locator": "Earnings exhibit segment/cashflow tables", "notes": "Verification is limited to the stated historical claim, not the causal or investment interpretation surrounding it." }, { "file": "spacex.html", "pathOrText": "Is the customer base congested?", "claim": "Starlink support describes sold-out capacity and peak/congested-area speed reductions.", "verdict": "partial", "sourceUrl": "https://starlink.com/support/article/240ac933-68ce-00dd-d8ec-0d5bf5816f3d", "locator": "Official-domain indexed excerpt corroborates sold-out capacity; full page returns JavaScript shell", "notes": "Second linked troubleshooting page also returns shell. Official indexed excerpt corroborates slower Roam speeds at peak/congested times, but full context not independently retrieved. No proportion of affected subscribers disclosed or inferred." }, { "file": "spacex.html", "pathOrText": "Flywheel; capacity risks; what to track", "claim": "Reuse,capacity,paying demand,cash and allocation are conditional operating relationships; waiting lists do not quantify returns,local capacity is not globally interchangeable.", "verdict": "interpretation", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "locator": "Editorial framework and business/risk sections", "notes": "No realised Starship cost reduction,maintenance-capex split,congested-customer proportion or consistent fully allocated unit-cost series certified." } ], "corrections": [], "unresolved": [ "Starlink support describes sold-out capacity and peak/congested-area speed reductions.: Second linked troubleshooting page also returns shell. Official indexed excerpt corroborates slower Roam speeds at peak/congested times, but full context not independently retrieved. No proportion of affected subscribers disclosed or inferred." ], "businessClaimLimits": [ "Second linked troubleshooting page also returns shell. Official indexed excerpt corroborates slower Roam speeds at peak/congested times, but full context not independently retrieved. No proportion of affected subscribers disclosed or inferred.", "No realised Starship cost reduction,maintenance-capex split,congested-customer proportion or consistent fully allocated unit-cost series certified." ], "nullReview": { "count": 0, "excludedFromNumericFieldCount": true, "entries": [], "countsByClassification": {} }, "batch": "tech-pages", "name": "SpaceX", "pages": [ "spacex.html" ], "reviewComplete": true, "originalResearchSummary": "269 of 269 mapped numeric fields reconciled individually, including embedded copies and calculations; 0 unresolved dated market quote fields. Material factual claims recorded separately from interpretation. No numerical corrections required. Separate null register covers 0 null leaves; these were excluded from numeric verification counts. ", "originalUnresolved": [ "Starlink support describes sold-out capacity and peak/congested-area speed reductions.: Second linked troubleshooting page also returns shell. Official indexed excerpt corroborates slower Roam speeds at peak/congested times, but full context not independently retrieved. No proportion of affected subscribers disclosed or inferred." ], "correctionsApplied": 0, "resolutionNotes": [], "checkCounts": { "verified": 266, "calculated": 3 }, "sourceCount": 4 } ], "summary": { "partial": 29, "verified": 7 }, "implementedCorrections": [ { "company": "axp", "date": "2026-10-21", "summary": "Qualified the cited earnings/statistical release as preliminary; financial values retained and final annual corroboration recorded separately.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000037/q425exhibit992.htm", "locator": "Statistical appendix headers (Preliminary)", "changes": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/sourceLabel", "oldValue": "FY2025 statistical appendix", "newValue": "FY2025 statistical appendix (preliminary release)", "reason": "The cited issuer release explicitly marks its current-period information preliminary. Preserve that source status; completed period does not mean audited release. Final annual corroboration is separately recorded.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000037/q425exhibit992.htm", "locator": "Statistical appendix headers (Preliminary)", "period": "FY2025", "currency": null, "units": "text", "accountingBasis": "Source status" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@AXP/latestLabel", "oldValue": "Newer release · Q2 2026", "newValue": "Newer release · Q2 2026 (preliminary)", "reason": "The cited issuer release explicitly marks its current-period information preliminary. Preserve that source status; completed period does not mean audited release. Final annual corroboration is separately recorded.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000318/q226exhibit992.htm", "locator": "Statistical appendix headers (Preliminary)", "period": "Q2 2026", "currency": null, "units": "text", "accountingBasis": "Source status" } ], "publicationStatus": "live_data_readback_passed", "liveRevision": 86, "dataRevision": 86 }, { "company": "bac", "date": "2026-10-21", "summary": "Qualified the annual and Q3 sources and each Q3 disclosure measure as preliminary, including the standardized CET1 ratio. All numeric observations and dates retained.", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000020/bac12312025ex991.htm", "locator": "Selected Financial Data footer; current-period information preliminary; Q3 Endnote E for regulatory ratios", "changes": [ { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/sourceLabel", "oldValue": "FY2025 earnings release", "newValue": "FY2025 earnings release (preliminary release)", "reason": "The cited issuer release explicitly marks its current-period information preliminary. Preserve that source status; completed period does not mean audited release. Final annual corroboration is separately recorded.", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000020/bac12312025ex991.htm", "locator": "Selected Financial Data footer; current-period information preliminary; Q3 Endnote E for regulatory ratios", "period": "FY2025", "currency": null, "units": "text", "accountingBasis": "Source status" }, { "file": "berkshire-holdings-data.json", "path": "/holdings/@BAC/latestLabel", "oldValue": "Newer release · Q3 2026", "newValue": "Newer release · Q3 2026 (preliminary)", "reason": "The cited issuer release explicitly marks its current-period information preliminary. Preserve that source status; completed period does not mean audited release. Final annual corroboration is separately recorded.", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000481/bac09302026ex991.htm", "locator": "Selected Financial Data footer; current-period information preliminary; Q3 Endnote E for regulatory ratios", "period": "Q3 2026", "currency": null, "units": "text", "accountingBasis": "Source status" }, { "file": "filing-observations.json", "path": "/7/summary", "oldValue": "Quarterly results include a $1.2bn regulatory settlement charge. These current observations sit alongside the separately labelled FY2025 comparison; quarter and nine-month values are kept distinct.", "newValue": "Quarterly results include a $1.2bn regulatory settlement charge. These current observations sit alongside the separately labelled FY2025 comparison; quarter and nine-month values are kept distinct. Source-status clarification recorded 21 October 2026: current-period figures in this release are preliminary; regulatory ratios may be revised.", "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000481/bac09302026ex991.htm", "locator": "Selected Financial Data pp.14–15 and regulatory-capital footnote (5)", "reason": "Propagate preliminary-source qualifications into seeded disclosure cards; values and dates unchanged.", "period": "2026-09-30", "currency": null, "units": "text qualifiers; existing metrics retain their units", "accountingBasis": "Preliminary issuer release" }, { "file": "filing-observations.json", "path": "/7/metrics", "oldValue": [ { "key": "q3_revenue", "label": "Q3 revenue net of interest expense", "value": 29958, "unit": "USD million", "basis": "Reported" }, { "key": "q3_net_income", "label": "Q3 net income", "value": 6933, "unit": "USD million", "basis": "Reported" }, { "key": "q3_common_income", "label": "Q3 common-shareholder net income", "value": 6541, "unit": "USD million", "basis": "Reported" }, { "key": "q3_eps", "label": "Q3 diluted EPS", "value": 0.91, "unit": "USD per share", "basis": "Reported" }, { "key": "q3_nii", "label": "Q3 net interest income", "value": 16449, "unit": "USD million", "basis": "Reported" }, { "key": "bvps", "label": "Period-end book value per share", "value": 39.26, "unit": "USD per share", "basis": "Reported" }, { "key": "tbvps", "label": "Period-end tangible book value per share", "value": 29.14, "unit": "USD per share", "basis": "Reported non-GAAP" }, { "key": "cet1", "label": "Standardised CET1 ratio", "value": 10.9, "unit": "percent", "basis": "Reported" }, { "key": "nine_month_revenue", "label": "Nine-month revenue net of interest expense", "value": 91788, "unit": "USD million", "basis": "Reported" }, { "key": "nine_month_eps", "label": "Nine-month diluted EPS", "value": 3.23, "unit": "USD per share", "basis": "Reported" } ], "newValue": [ { "key": "q3_revenue", "label": "Q3 revenue net of interest expense", "value": 29958, "unit": "USD million", "basis": "Reported (preliminary release)" }, { "key": "q3_net_income", "label": "Q3 net income", "value": 6933, "unit": "USD million", "basis": "Reported (preliminary release)" }, { "key": "q3_common_income", "label": "Q3 common-shareholder net income", "value": 6541, "unit": "USD million", "basis": "Reported (preliminary release)" }, { "key": "q3_eps", "label": "Q3 diluted EPS", "value": 0.91, "unit": "USD per share", "basis": "Reported (preliminary release)" }, { "key": "q3_nii", "label": "Q3 net interest income", "value": 16449, "unit": "USD million", "basis": "Reported (preliminary release)" }, { "key": "bvps", "label": "Period-end book value per share", "value": 39.26, "unit": "USD per share", "basis": "Reported (preliminary release)" }, { "key": "tbvps", "label": "Period-end tangible book value per share", "value": 29.14, "unit": "USD per share", "basis": "Reported non-GAAP (preliminary release)" }, { "key": "cet1", "label": "Standardised CET1 ratio", "value": 10.9, "unit": "percent", "basis": "Reported regulatory ratio (preliminary; standardized approach)" }, { "key": "nine_month_revenue", "label": "Nine-month revenue net of interest expense", "value": 91788, "unit": "USD million", "basis": "Reported (preliminary release)" }, { "key": "nine_month_eps", "label": "Nine-month diluted EPS", "value": 3.23, "unit": "USD per share", "basis": "Reported (preliminary release)" } ], "sourceUrl": "https://investor.bankofamerica.com/regulatory-and-other-filings/select-sec-filings/content/0000070858-26-000481/bac09302026ex991.htm", "locator": "Selected Financial Data pp.14–15 and regulatory-capital footnote (5)", "reason": "Propagate preliminary-source qualifications into seeded disclosure cards; values and dates unchanged.", "period": "2026-09-30", "currency": null, "units": "text qualifiers; existing metrics retain their units", "accountingBasis": "Preliminary issuer release" } ], "publicationStatus": "live_data_readback_passed", "liveRevision": 87, "dataRevision": 87 }, { "company": "bam", "date": "2026-10-21", "summary": "Replaced conditional fee revenue with reported June commitment balances.", "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2026/2026-Q2-Supplemental-BAM.pdf", "locator": "Q2 2026 supplemental p.10", "changes": [ { "file": "allocator-research.json", "path": "/bam/5/meaning", "oldValue": "Uncalled commitments expected to generate about US$680m annual fees once deployed; part of US$149bn total uncalled commitments.", "newValue": "Uncalled commitments not yet fee-earning were US$68bn, within US$149bn of total uncalled commitments at 30 June 2026.", "reason": "US$680m annual fees once deployed is a future projection, outside historical-only scope; historical commitment balances retained. Source supports projection but it is not reported earnings.", "sourceUrl": "https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2026/2026-Q2-Supplemental-BAM.pdf", "locator": "Q2 2026 supplemental p.10", "period": "30 June 2026", "currency": "USD", "units": "billions of commitments; removed forecast USDmillions/year", "accountingBasis": "Company operational commitments, not GAAP revenue" } ], "publicationStatus": "live_data_readback_passed", "dataRevision": 88 }, { "company": "psh", "date": "2026-10-21", "summary": "Corrected retired shares to repurchased shares held in treasury, in both business explanations; dated capital amounts retained.", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDFp43/printedp41, share capital table and buyback policy", "changes": [ { "file": "allocator-research.json", "path": "/psh/2/meaning", "oldValue": "Cash spent, shares retired and discount paid determine accretion to remaining shares.", "newValue": "Cash spent, shares repurchased and discount paid determine accretion to remaining shares.", "reason": "PSH repurchased shares are held in treasury and excluded from outstanding shares; they are not retired.", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDFp43/printedp41, share capital table and buyback policy", "period": "H1 2026", "currency": null, "units": "shares", "accountingBasis": "IFRS equity/share-capital disclosure" }, { "file": "pershing.html", "path": "paragraph beginning NAV per share can rise", "oldValue": "NAV per share can rise as investments gain value or buybacks retire shares below NAV.", "newValue": "NAV per share can rise as investments gain value or shares are repurchased below NAV.", "reason": "Repurchased PSH shares are held in treasury; use repurchased, not retired.", "sourceUrl": "https://assets.pershingsquareholdings.com/wp-content/uploads/2026/08/13002306/Pershing-Square-Holdings-Ltd.-June-2026-Interim.pdf", "locator": "PDFp43 capital management", "period": "H1 2026", "currency": null, "units": "shares", "accountingBasis": "IFRS share capital disclosure" } ], "publicationStatus": "live_data_readback_passed", "dataRevision": 89 }, { "company": "spgi", "date": "2026-10-21", "summary": "Corrected FY2021 scope to original S&P Global before the February 2022 IHS Markit merger; financial observations retained.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Note 2 Acquisitions", "changes": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/period", "oldValue": "FY2021 · original consolidated group including Mobility", "newValue": "FY2021 · original S&P Global before IHS Markit merger", "reason": "IHS Markit, including Mobility, was acquired on 28 February 2022; FY2021 reported group did not include Mobility.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Note 2 Acquisitions", "period": "FY2021", "currency": "USD", "units": "label", "accountingBasis": "US GAAP original consolidated group" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/note", "oldValue": "Historical GAAP original group, including Mobility. IHS Markit consolidated from28 February2022; growth reflects that merger. Not the post-Mobility Article11 pro forma perimeter and not used in current valuation.", "newValue": "Historical GAAP original S&P Global group before the IHS Markit merger on 28 February 2022; FY2021 does not include Mobility. Not the post-Mobility Article 11 pro forma perimeter and not used in current valuation.", "reason": "FY2021 predates the acquisition of IHS Markit and Mobility; the repeated include-Mobility wording is incorrect for this row. Figures are preserved.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Note 2, Acquisitions: IHS Markit merger completed 28 February 2022", "period": "FY2021", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP original S&P Global group" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/buybacksCash", "oldValue": null, "newValue": 0, "reason": "Replace explicitly unverified gap with primary-sourced observation. Source reports zero repurchase cash in FY2021. Employee withholding cash56m is separately reported and excluded.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Consolidated Statements of Cash Flows, FY2021 share-repurchase row; Note Equity, share repurchase discussion expressly says no cash used in2021; tag us-gaap:PaymentsForRepurchaseOfCommonStock", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP original S&P Global financing cash flows", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/fieldNotes/buybacksCash", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Reported zero in FY2021 cash-flow repurchases line; employee share-tax withholding cash is separate.", "reason": "Gap is now verified; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/64040/000006404023000058/spgi-20221231.htm", "locator": "Consolidated Statements of Cash Flows, FY2021 column", "period": "FY2021", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@SPGI/originalHistory/0/fieldSources", "oldValue": { "revenue": { "url": "https://www.sec.gov/Archives/edgar/data/64040/000006404024000071/spgi-20231231.htm", "location": "Consolidated financial statements; 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This is cash principal, separate from $2,547m operating cash flows from finance leases and $24,608m noncash leased-asset additions.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP financing cash flow for finance leases" }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/annual/fieldSources/financeLeasePrincipal", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "location": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "US GAAP financing cash flow for finance leases", "propertyExisted": false }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/annual/fieldNotes/financeLeasePrincipal", "oldValue": null, "newValue": "Financing cash flows from finance leases in the FY2026 annual lease note: $3,101m. Cash principal is separate from cash PP&E additions, lease interest and noncash right-of-use assets.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": null, "units": "text", "accountingBasis": "US GAAP financing cash flow for finance leases", "propertyExisted": false }, { "file": "pershing-tech-upgrade.json", "path": "/companies/@MSFT/ttm/financeLeasePrincipal", "oldValue": null, "newValue": 3101, "reason": "Same completed FY2026 is also the TTM snapshot; propagate reported finance-lease principal consistently to the card. Cash proxy stays before financing lease principal.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm", "locator": "FY2026 Form 10-K, lease note, Year Ended June 30 table, Financing cash flows from finance leases row, FY2026 column", "period": "FY2026 ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "US GAAP financing cash flow for finance leases", "propertyExisted": false } ], "dataRevision": 92 }, { "company": "amzn", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "pershing-data.json", "path": "/holdings/@AMZN/economics", "oldValue": "Retail brings shoppers; seller services, advertising, subscriptions and AWS monetise the network. Delivery density helps unit costs. Infrastructure spending can outrun near-term cash earnings. Watch AWS margins, retail profitability, advertising and returns on capex.", "newValue": "Amazon reports North America, International and AWS segments. Revenue includes product sales, third-party seller services, advertising, subscriptions and cloud services. Its disclosed free cash flow deducts property and equipment purchases net of sales proceeds and incentives; finance-lease principal is separate.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" } ], "dataRevision": 93 }, { "company": "uber", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "pershing-data.json", "path": "/holdings/@UBER/economics", "oldValue": "Platform fees connect riders, drivers, couriers, restaurants and customers. Local network density improves availability and utilisation. Autonomous vehicles could increase trips but change bargaining power. Watch trips, bookings, incentives, take rates and operating profit.", "newValue": "Uber reports Mobility, Delivery and Freight segments. Its platforms connect consumers with drivers, couriers and merchants, and shippers with carriers. Gross Bookings measures transaction value and differs from recognised revenue. Reported net income also includes investment gains or losses and income taxes.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" } ], "dataRevision": 94 }, { "company": "v", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "pershing-data.json", "path": "/holdings/@V/economics", "oldValue": "Collects fees when payments cross its global network; banks generally carry consumer credit risk. Acceptance and bank integration reinforce scale. Extra transactions cost relatively little, but incentives and regulation constrain pricing. Watch payment volume, cross-border activity and litigation.", "newValue": "Visa provides payment authorisation, clearing and settlement services and other payment-related services. It does not issue cards or extend consumer credit. Revenue includes service, data-processing, international-transaction and other revenue, reduced by client incentives.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/periodEndShares", "oldValue": null, "newValue": 2161, "reason": "Use the reported total as-converted Class A-equivalent closing shares. Includes preferred and all common classes on their conversion basis; not the sum of legal-class shares or a diluted weighted average. Rounded to nearest million.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock", "period": "FY2021 ended 2021-09-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock", "period": "FY2021 ended 2021-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock", "period": "FY2021 ended 2021-09-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/bookValuePS", "oldValue": null, "newValue": 17.394261915779733, "reason": "Calculated reported total equity 37589 USDm / 2161m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock; total equity 37589m includes preferred", "period": "FY2021 ended 2021-09-30", "currency": "USD", "units": "USD per Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock; total equity 37589m includes preferred" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock; total equity 37589m includes preferred", "period": "FY2021 ended 2021-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/0/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated total reported equity (including preferred) / closing as-converted Class A-equivalent shares (including preferred equivalents). Uses rounded statement inputs; not common-only equity or a company-reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2021, Total as-converted Class A common stock; total equity 37589m includes preferred", "period": "FY2021 ended 2021-09-30", "currency": null, "units": "text", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/periodEndShares", "oldValue": null, "newValue": 2103, "reason": "Use the reported total as-converted Class A-equivalent closing shares. Includes preferred and all common classes on their conversion basis; not the sum of legal-class shares or a diluted weighted average. Rounded to nearest million.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock", "period": "FY2022 ended 2022-09-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock", "period": "FY2022 ended 2022-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock", "period": "FY2022 ended 2022-09-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/bookValuePS", "oldValue": null, "newValue": 16.91916310033286, "reason": "Calculated reported total equity 35581 USDm / 2103m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock; total equity 35581m includes preferred", "period": "FY2022 ended 2022-09-30", "currency": "USD", "units": "USD per Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock; total equity 35581m includes preferred" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock; total equity 35581m includes preferred", "period": "FY2022 ended 2022-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/1/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated total reported equity (including preferred) / closing as-converted Class A-equivalent shares (including preferred equivalents). Uses rounded statement inputs; not common-only equity or a company-reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316122000081/v-20220930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2022, Total as-converted Class A common stock; total equity 35581m includes preferred", "period": "FY2022 ended 2022-09-30", "currency": null, "units": "text", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/periodEndShares", "oldValue": null, "newValue": 2047, "reason": "Use the reported total as-converted Class A-equivalent closing shares. Includes preferred and all common classes on their conversion basis; not the sum of legal-class shares or a diluted weighted average. Rounded to nearest million.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock", "period": "FY2023 ended 2023-09-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock", "period": "FY2023 ended 2023-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock", "period": "FY2023 ended 2023-09-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/bookValuePS", "oldValue": null, "newValue": 18.921836834391794, "reason": "Calculated reported total equity 38733 USDm / 2047m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock; total equity 38733m includes preferred", "period": "FY2023 ended 2023-09-30", "currency": "USD", "units": "USD per Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock; total equity 38733m includes preferred" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock; total equity 38733m includes preferred", "period": "FY2023 ended 2023-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/2/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated total reported equity (including preferred) / closing as-converted Class A-equivalent shares (including preferred equivalents). Uses rounded statement inputs; not common-only equity or a company-reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316123000099/v-20230930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2023, Total as-converted Class A common stock; total equity 38733m includes preferred", "period": "FY2023 ended 2023-09-30", "currency": null, "units": "text", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/periodEndShares", "oldValue": null, "newValue": 1983, "reason": "Use the reported total as-converted Class A-equivalent closing shares. Includes preferred and all common classes on their conversion basis; not the sum of legal-class shares or a diluted weighted average. Rounded to nearest million.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock", "period": "FY2024 ended 2024-09-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock", "period": "FY2024 ended 2024-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock", "period": "FY2024 ended 2024-09-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/bookValuePS", "oldValue": null, "newValue": 19.736258194654564, "reason": "Calculated reported total equity 39137 USDm / 1983m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock; total equity 39137m includes preferred", "period": "FY2024 ended 2024-09-30", "currency": "USD", "units": "USD per Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock; total equity 39137m includes preferred" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock; total equity 39137m includes preferred", "period": "FY2024 ended 2024-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/3/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated total reported equity (including preferred) / closing as-converted Class A-equivalent shares (including preferred equivalents). Uses rounded statement inputs; not common-only equity or a company-reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2024, Total as-converted Class A common stock; total equity 39137m includes preferred", "period": "FY2024 ended 2024-09-30", "currency": null, "units": "text", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/periodEndShares", "oldValue": null, "newValue": 1930, "reason": "Use the reported total as-converted Class A-equivalent closing shares. Includes preferred and all common classes on their conversion basis; not the sum of legal-class shares or a diluted weighted average. Rounded to nearest million.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock", "period": "FY2025 ended 2025-09-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock", "period": "FY2025 ended 2025-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing as-converted Class A-equivalent shares, including preferred stock equivalents and other common classes at their stated conversion rates. Uses the reported table total rounded to nearest million; not legal-class shares summed or diluted weighted-average shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock", "period": "FY2025 ended 2025-09-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred stock equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/bookValuePS", "oldValue": null, "newValue": 19.641968911917097, "reason": "Calculated reported total equity 37909 USDm / 1930m closing Class A-equivalent shares, both including preferred on the stated basis. Inputs rounded; ratio is approximate and is not company-reported common book value per legal-class share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock; total equity 37909m includes preferred", "period": "FY2025 ended 2025-09-30", "currency": "USD", "units": "USD per Class A-equivalent share", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "location": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock; total equity 37909m includes preferred" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock; total equity 37909m includes preferred", "period": "FY2025 ended 2025-09-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/history/4/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated total reported equity (including preferred) / closing as-converted Class A-equivalent shares (including preferred equivalents). Uses rounded statement inputs; not common-only equity or a company-reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm", "locator": "Stockholders Equity note, shares outstanding and conversion rates table, September 30, 2025, Total as-converted Class A common stock; total equity 37909m includes preferred", "period": "FY2025 ended 2025-09-30", "currency": null, "units": "text", "accountingBasis": "Calculated total-equity book value per closing Class A-equivalent share", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/endShares", "oldValue": null, "newValue": 1880, "reason": "Source reports the total as-converted Class A-equivalent shares including preferred stock equivalents, rounded to nearest million; not legal-class shares summed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock", "period": "Closing balance at 2026-06-30", "currency": null, "units": "million Class A-equivalent shares", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred equivalents" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/fieldSources", "oldValue": null, "newValue": {}, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock", "period": "Closing balance at 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/fieldSources/endShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "location": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock", "period": "Closing balance at 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/fieldNotes", "oldValue": null, "newValue": {}, "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock", "period": "Closing balance at 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred equivalents", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@V/ttm/fieldNotes/endShares", "oldValue": null, "newValue": "Source reports the total as-converted Class A-equivalent shares including preferred stock equivalents, rounded to nearest million; not legal-class shares summed.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm", "locator": "Stockholders Equity note, June 30, 2026 shares/conversion table, total as-converted Class A common stock", "period": "Closing balance at 2026-06-30", "currency": null, "units": "text", "accountingBasis": "Reported closing as-converted Class A-equivalent shares, including preferred equivalents", "propertyExisted": false } ], "dataRevision": 95 }, { "company": "ma", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "pershing-data.json", "path": "/holdings/@MA/economics", "oldValue": "Earns network fees plus security, data and service revenue. It generally does not issue cards or lend. Acceptance and integration encourage repeat use. Services can deepen customer spending, while incentives and regulation pressure profits. Watch transactions, cross-border volume and services growth.", "newValue": "Mastercard earns payment-network revenue from volume-based fees, switching and other network services, and revenue from value-added services and solutions. It does not issue cards or extend credit to cardholders. Rebates and incentives reduce reported revenue.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/3/value", "oldValue": null, "newValue": 27, "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; value-added services and solutions28% reported/27% currency-neutral; acquisitions6 percentage points", "period": "FY2021 ended2021-12-31", "currency": null, "units": "percent year over year", "accountingBasis": "Company non-GAAP currency-neutral annual growth, including acquisitions" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/3/source", "oldValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000022/ma-20231231.htm", "newValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; value-added services and solutions28% reported/27% currency-neutral; acquisitions6 percentage points", "period": "FY2021 ended2021-12-31", "currency": null, "units": "text", "accountingBasis": "Company non-GAAP currency-neutral annual growth, including acquisitions" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/3/note", "oldValue": "Comparable annual metric on this definition/perimeter not verified. 2022 onward uses value-added services and solutions category.2021 historical broad other-revenue/services category was not verified on the same recast scope.", "newValue": "FY2021 value-added services and solutions growth on the recast category in the FY2022 Form 10-K: 27% currency-neutral (28% reported), including 6 percentage points from acquisitions.", "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; value-added services and solutions28% reported/27% currency-neutral; acquisitions6 percentage points", "period": "FY2021 ended2021-12-31", "currency": null, "units": "text", "accountingBasis": "Company non-GAAP currency-neutral annual growth, including acquisitions" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/4/value", "oldValue": null, "newValue": 31, "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; payment-network rebates10476m;31% reported/30% currency-neutral; distinct from total rebates32%", "period": "FY2021 ended2021-12-31", "currency": null, "units": "percent year over year", "accountingBasis": "Reported annual payment-network rebates and incentives growth" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/4/source", "oldValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139122000023/ma-20211231.htm", "newValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; payment-network rebates10476m;31% reported/30% currency-neutral; distinct from total rebates32%", "period": "FY2021 ended2021-12-31", "currency": null, "units": "text", "accountingBasis": "Reported annual payment-network rebates and incentives growth" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/0/metrics/4/note", "oldValue": "Comparable annual metric on this definition/perimeter not verified. 2022 onward payment-network rebates and incentives;2021 total historical rebates/incentives is not substituted for this narrower network scope.", "newValue": "FY2021 payment-network rebates and incentives growth on the recast category in the FY2022 Form 10-K: 31% reported (30% currency-neutral). Broader total rebates and incentives growth of 32% is not substituted.", "reason": "FY2022 original filing explicitly recasts comparable FY2021 business categories; replace extraction gap with reported historical observation and exact scope/source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "FY2022 Form10-K Item7 Net Revenue, 2021 discussion, printed pp53–54; payment-network rebates10476m;31% reported/30% currency-neutral; distinct from total rebates32%", "period": "FY2021 ended2021-12-31", "currency": null, "units": "text", "accountingBasis": "Reported annual payment-network rebates and incentives growth" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/1/metrics/3/source", "oldValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000022/ma-20231231.htm", "newValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "reason": "Use the FY2022 original MD&A reporting the exact FY2022 currency-neutral services18% and payment-network rebates19%, rather than an indirect FY2023 source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Item7 Net Revenue2022 discussion", "period": "FY2022 ended2022-12-31", "currency": null, "units": "text", "accountingBasis": "Reported historical operating-growth definitions" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/businessHistory/1/metrics/4/source", "oldValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139124000022/ma-20231231.htm", "newValue": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "reason": "Use the FY2022 original MD&A reporting the exact FY2022 currency-neutral services18% and payment-network rebates19%, rather than an indirect FY2023 source.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Item7 Net Revenue2022 discussion", "period": "FY2022 ended2022-12-31", "currency": null, "units": "text", "accountingBasis": "Reported historical operating-growth definitions" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/periodEndShares", "oldValue": null, "newValue": 979.9, "reason": "Sum of closing Class A 972.1m + Class B 7.8m = 979.9m, using the equity-note 0.1m precision; excludes treasury shares. This is not a later cover-date count or weighted average.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m", "period": "FY2021 ended 2021-12-31", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m", "period": "FY2021 ended 2021-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing common shares at 31 December 2021: Class A 972.1m + Class B 7.8m = 979.9m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m", "period": "FY2021 ended 2021-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/bookValuePS", "oldValue": null, "newValue": 7.461985916930299, "reason": "Calculated 7312 USDm / 979.9 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m; parent stockholders equity 7312m (excluding non-controlling interests)", "period": "FY2021 ended 2021-12-31", "currency": "USD", "units": "USD per common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m; parent stockholders equity 7312m (excluding non-controlling interests)" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m; parent stockholders equity 7312m (excluding non-controlling interests)", "period": "FY2021 ended 2021-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/0/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated parent stockholders equity / closing Class A plus Class B shares. Uses rounded statement figures and 0.1m share precision; not a reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2021; Class A 972.1m + Class B 7.8m; parent stockholders equity 7312m (excluding non-controlling interests)", "period": "FY2021 ended 2021-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/periodEndShares", "oldValue": null, "newValue": 956.0, "reason": "Sum of closing Class A 948.4m + Class B 7.6m = 956.0m, using the equity-note 0.1m precision; excludes treasury shares. This is not a later cover-date count or weighted average.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m", "period": "FY2022 ended 2022-12-31", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m", "period": "FY2022 ended 2022-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing common shares at 31 December 2022: Class A 948.4m + Class B 7.6m = 956.0m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m", "period": "FY2022 ended 2022-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/bookValuePS", "oldValue": null, "newValue": 6.587866108786611, "reason": "Calculated 6298 USDm / 956.0 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m; parent stockholders equity 6298m (excluding non-controlling interests)", "period": "FY2022 ended 2022-12-31", "currency": "USD", "units": "USD per common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m; parent stockholders equity 6298m (excluding non-controlling interests)" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m; parent stockholders equity 6298m (excluding non-controlling interests)", "period": "FY2022 ended 2022-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/1/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated parent stockholders equity / closing Class A plus Class B shares. Uses rounded statement figures and 0.1m share precision; not a reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139123000020/ma-20221231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2022; Class A 948.4m + Class B 7.6m; parent stockholders equity 6298m (excluding non-controlling interests)", "period": "FY2022 ended 2022-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/periodEndShares", "oldValue": null, "newValue": 934.5, "reason": "Sum of closing Class A 927.3m + Class B 7.2m = 934.5m, using the equity-note 0.1m precision; excludes treasury shares. This is not a later cover-date count or weighted average.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m", "period": "FY2023 ended 2023-12-31", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m", "period": "FY2023 ended 2023-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing common shares at 31 December 2023: Class A 927.3m + Class B 7.2m = 934.5m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m", "period": "FY2023 ended 2023-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/bookValuePS", "oldValue": null, "newValue": 7.414660246120921, "reason": "Calculated 6929 USDm / 934.5 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m; parent stockholders equity 6929m (excluding non-controlling interests)", "period": "FY2023 ended 2023-12-31", "currency": "USD", "units": "USD per common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m; parent stockholders equity 6929m (excluding non-controlling interests)" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m; parent stockholders equity 6929m (excluding non-controlling interests)", "period": "FY2023 ended 2023-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/2/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated parent stockholders equity / closing Class A plus Class B shares. Uses rounded statement figures and 0.1m share precision; not a reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2023; Class A 927.3m + Class B 7.2m; parent stockholders equity 6929m (excluding non-controlling interests)", "period": "FY2023 ended 2023-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/periodEndShares", "oldValue": null, "newValue": 913.4, "reason": "Sum of closing Class A 906.6m + Class B 6.8m = 913.4m, using the equity-note 0.1m precision; excludes treasury shares. This is not a later cover-date count or weighted average.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m", "period": "FY2024 ended 2024-12-31", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m", "period": "FY2024 ended 2024-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing common shares at 31 December 2024: Class A 906.6m + Class B 6.8m = 913.4m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m", "period": "FY2024 ended 2024-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/bookValuePS", "oldValue": null, "newValue": 7.099846726516313, "reason": "Calculated 6485 USDm / 913.4 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m; parent stockholders equity 6485m (excluding non-controlling interests)", "period": "FY2024 ended 2024-12-31", "currency": "USD", "units": "USD per common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m; parent stockholders equity 6485m (excluding non-controlling interests)" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m; parent stockholders equity 6485m (excluding non-controlling interests)", "period": "FY2024 ended 2024-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/3/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated parent stockholders equity / closing Class A plus Class B shares. Uses rounded statement figures and 0.1m share precision; not a reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2024; Class A 906.6m + Class B 6.8m; parent stockholders equity 6485m (excluding non-controlling interests)", "period": "FY2024 ended 2024-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/periodEndShares", "oldValue": null, "newValue": 893.9, "reason": "Sum of closing Class A 887.3m + Class B 6.6m = 893.9m, using the equity-note 0.1m precision; excludes treasury shares. This is not a later cover-date count or weighted average.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m", "period": "FY2025 ended 2025-12-31", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/fieldSources/periodEndShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m", "period": "FY2025 ended 2025-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/fieldNotes/periodEndShares", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Closing common shares at 31 December 2025: Class A 887.3m + Class B 6.6m = 893.9m. Both classes are included, excluding treasury shares; source components rounded to 0.1 million.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m", "period": "FY2025 ended 2025-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported closing common shares, Class A plus Class B" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/bookValuePS", "oldValue": null, "newValue": 8.655330573889698, "reason": "Calculated 7737 USDm / 893.9 million closing common shares. Source components are rounded; ratio is approximate and is not company-reported EPS or book value per share.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m; parent stockholders equity 7737m (excluding non-controlling interests)", "period": "FY2025 ended 2025-12-31", "currency": "USD", "units": "USD per common share", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/fieldSources/bookValuePS", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "location": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m; parent stockholders equity 7737m (excluding non-controlling interests)" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m; parent stockholders equity 7737m (excluding non-controlling interests)", "period": "FY2025 ended 2025-12-31", "currency": null, "units": "source metadata", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/history/4/fieldNotes/bookValuePS", "oldValue": null, "newValue": "Calculated parent stockholders equity / closing Class A plus Class B shares. Uses rounded statement figures and 0.1m share precision; not a reported per-share measure.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000013/ma-20251231.htm", "locator": "Stockholders Equity note, Outstanding Shares rollforward, balance at December 31, 2025; Class A 887.3m + Class B 6.6m; parent stockholders equity 7737m (excluding non-controlling interests)", "period": "FY2025 ended 2025-12-31", "currency": null, "units": "text", "accountingBasis": "Calculated from reported parent equity and closing Class A plus Class B shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/ttm/endShares", "oldValue": null, "newValue": 878, "reason": "Calculated 871m Class A + 7m Class B = 878m at balance-sheet whole-million precision. Annual equity-note history uses 0.1m precision; do not imply this interim total is more precise or use later cover-date shares.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common-stock rows: Class A 871m + Class B 7m outstanding", "period": "Closing balance at 2026-06-30", "currency": null, "units": "million common shares", "accountingBasis": "Calculated sum of reported rounded Class A and Class B closing common shares" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/ttm/fieldSources", "oldValue": null, "newValue": {}, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common-stock rows: Class A 871m + Class B 7m outstanding", "period": "Closing balance at 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported rounded Class A and Class B closing common shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/ttm/fieldSources/endShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm", "location": "Consolidated balance sheet June 30, 2026, common-stock rows: Class A 871m + Class B 7m outstanding" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common-stock rows: Class A 871m + Class B 7m outstanding", "period": "Closing balance at 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported rounded Class A and Class B closing common shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/ttm/fieldNotes", "oldValue": null, "newValue": {}, "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common-stock rows: Class A 871m + Class B 7m outstanding", "period": "Closing balance at 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated sum of reported rounded Class A and Class B closing common shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@MA/ttm/fieldNotes/endShares", "oldValue": null, "newValue": "Calculated 871m Class A + 7m Class B = 878m at balance-sheet whole-million precision. Annual equity-note history uses 0.1m precision; do not imply this interim total is more precise or use later cover-date shares.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/ma-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common-stock rows: Class A 871m + Class B 7m outstanding", "period": "Closing balance at 2026-06-30", "currency": null, "units": "text", "accountingBasis": "Calculated sum of reported rounded Class A and Class B closing common shares", "propertyExisted": false } ], "dataRevision": 96 }, { "company": "ice", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "pershing-data.json", "path": "/holdings/@ICE/economics", "oldValue": "Charges for trading, clearing, data, listings and mortgage-workflow software. Trading liquidity attracts more activity; embedded workflows support subscriptions. Volatility can help exchanges while high rates hurt mortgages. Watch volumes, recurring revenue, mortgage activity and debt.", "newValue": "ICE operates Exchanges, Fixed Income and Data Services, and Mortgage Technology segments. Revenue includes transaction fees, recurring data and connectivity services, listings and mortgage software. This comparison uses revenue less transaction-based expenses and shows software development spending separately from physical capital expenditure.", "reason": "Editorial source-basis correction: replace unsourced economic inferences, hypothetical outcomes and watch instructions with directly supported business scope and accounting definitions; financial values unchanged.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Item1 Business; MD&A segment information; revenue and cash-flow notes", "period": "FY2025 business description", "currency": null, "units": "text", "accountingBasis": "Filing-grounded business description / GAAP presentation" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/sbc", "oldValue": null, "newValue": 268, "reason": "Calculated 238 + 145 - 115 = 268 USDm. Annual source: https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm; source cash-flow adjustment excludes capitalised stock compensation and differs from the stockholders-equity credit.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated cash-flow statements, Stock-based compensation row: FY2025 238m; H1 2026 145m; H1 2025 115m", "period": "TTM ended 2026-06-30", "currency": "USD", "units": "USD millions", "accountingBasis": "Calculated TTM from reported cash-flow statement adjustments", "additionalSources": [ { "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ice-20251231.htm", "locator": "Cash-flow statements, Stock-based compensation, FY2025" } ] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/fieldSources", "oldValue": null, "newValue": {}, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated cash-flow statements, Stock-based compensation row: FY2025 238m; H1 2026 145m; H1 2025 115m", "period": "TTM ended 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated TTM from reported cash-flow statement adjustments", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/fieldSources/sbc", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "location": "Consolidated cash-flow statements, Stock-based compensation row: FY2025 238m; H1 2026 145m; H1 2025 115m" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated cash-flow statements, Stock-based compensation row: FY2025 238m; H1 2026 145m; H1 2025 115m", "period": "TTM ended 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated TTM from reported cash-flow statement adjustments", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/fieldNotes", "oldValue": null, "newValue": {}, "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated cash-flow statements, Stock-based compensation row: FY2025 238m; H1 2026 145m; H1 2025 115m", "period": "TTM ended 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "Calculated TTM from reported cash-flow statement adjustments", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/fieldNotes/sbc", "oldValue": null, "newValue": "Calculated FY2025 $238m + H1 2026 $145m − H1 2025 $115m = $268m, using cash-flow statement stock-based compensation. The annual input is from the FY2025 10-K.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated cash-flow statements, Stock-based compensation row: FY2025 238m; H1 2026 145m; H1 2025 115m", "period": "TTM ended 2026-06-30", "currency": null, "units": "text", "accountingBasis": "Calculated TTM from reported cash-flow statement adjustments", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/endShares", "oldValue": null, "newValue": 561, "reason": "Source balance sheet reports 561m outstanding common shares, excluding 94m treasury shares; nearest-million precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common stock row: 655m issued, 561m outstanding, 94m treasury", "period": "Closing balance at 2026-06-30", "currency": null, "units": "million common shares", "accountingBasis": "US GAAP reported closing common shares" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/fieldSources/endShares", "oldValue": null, "newValue": { "url": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "location": "Consolidated balance sheet June 30, 2026, common stock row: 655m issued, 561m outstanding, 94m treasury" }, "reason": "Supply exact original-source provenance for the verified backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common stock row: 655m issued, 561m outstanding, 94m treasury", "period": "Closing balance at 2026-06-30", "currency": null, "units": "source metadata", "accountingBasis": "US GAAP reported closing common shares", "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ICE/ttm/fieldNotes/endShares", "oldValue": null, "newValue": "Source balance sheet reports 561m outstanding common shares, excluding 94m treasury shares; nearest-million precision.", "reason": "Replace stale extraction-gap text with verified definition, date and precision.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm", "locator": "Consolidated balance sheet June 30, 2026, common stock row: 655m issued, 561m outstanding, 94m treasury", "period": "Closing balance at 2026-06-30", "currency": null, "units": "text", "accountingBasis": "US GAAP reported closing common shares", "propertyExisted": false } ], "dataRevision": 97 }, { "company": "asml", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "asml-data.json", "path": "/periods/3/highcumulative", "oldValue": 4, "newValue": 3, "reason": "The Q4 2024 issuer release says a third High NA system was shipped to a customer in Q4. The 2024 annual report, p.22, describes four systems comprising the Veldhoven laboratory prototype, two Intel installations and one Asian customer shipment: three customer systems. The statement that the fifth customer system shipped in Q1 2025 cannot establish four at the previous year-end because more than one system can ship within a quarter.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "systems", "accountingBasis": "reported customer-shipment cumulative milestone" }, { "file": "asml-data.json", "path": "/periods/3/highship", "oldValue": 3, "newValue": 2, "reason": "The Q4 2024 issuer release says a third High NA system was shipped to a customer in Q4. The 2024 annual report, p.22, describes four systems comprising the Veldhoven laboratory prototype, two Intel installations and one Asian customer shipment: three customer systems. The statement that the fifth customer system shipped in Q1 2025 cannot establish four at the previous year-end because more than one system can ship within a quarter. Annual 2024 milestones equal 3 minus 1 at end-2023 = 2.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "systems", "accountingBasis": "calculated shipment milestone count" }, { "file": "asml-data.json", "path": "/periods/4/highship", "oldValue": 4, "newValue": 5, "reason": "The Q4 2024 issuer release says a third High NA system was shipped to a customer in Q4. The 2024 annual report, p.22, describes four systems comprising the Veldhoven laboratory prototype, two Intel installations and one Asian customer shipment: three customer systems. The statement that the fifth customer system shipped in Q1 2025 cannot establish four at the previous year-end because more than one system can ship within a quarter. Annual 2025 milestones equal 8 at end-2025 minus 3 at end-2024 = 5.", "sourceUrl": "https://ourbrand.asml.com/asset/d5e933d7-78d0-406c-aed7-a46626e63381/2026_-AGM-_presentation.pdf", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2025", "currency": "not applicable", "units": "systems", "accountingBasis": "calculated shipment milestone count" }, { "file": "asml-data.json", "path": "/periods/3/fieldNotes/highcumulative", "oldValue": "Derived: ASML says its fifth cumulative High NA shipment occurred in Q1 2025; therefore four had shipped before that quarter.", "newValue": "Q4 FY2024 results say ASML shipped a third High NA system to a customer in Q4. The 2024 annual report p.22 describes the Veldhoven laboratory prototype separately from two Intel systems and one Asian customer system. The customer-shipment milestone is therefore three at end-2024; the prototype is not a customer shipment.", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/periods/3/fieldNotes/highship", "oldValue": "Derived shipment milestones: four cumulative systems before the fifth shipment in Q1 2025, less the first system shipment begun in December 2023 = three during 2024. Module shipment and customer acceptance occur at different times.", "newValue": "Derived customer shipment milestones: three cumulative systems at end-2024 (Q4 FY2024 results), less the first customer system whose modules began shipment in December2023 = two during2024. Module shipment is separate from installation, acceptance and recognised revenue.", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/periods/4/fieldNotes/highship", "oldValue": "Derived: eight cumulative deliveries at end-2025 (2026 AGM) minus four before Q1 2025 (Q1 2025 release says fifth delivered that quarter) = four shipments in FY 2025. Separate from the four units recognised in 2025.", "newValue": "Derived customer shipment milestones: eight cumulative systems at end-2025 (2026 AGM p.15) minus three at end-2024 (Q4 FY2024 results) = five during2025. Separate from the four High NA units recognised in2025.", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/periods/3/fieldStatus/highcumulative", "oldValue": "Derived from shipment milestones; not a directly reported annual customer-delivery total", "newValue": "Reported customer shipment milestone; distinct from installation and revenue recognition", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/periods/4/fieldStatus/highcumulative", "oldValue": "Derived from shipment milestones; not a directly reported annual customer-delivery total", "newValue": "Reported cumulative customer shipments in 2026 AGM p.15", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/metrics/12/3", "oldValue": "Cumulative High NA shipment milestones since launch. Zero before the first module shipment in December 2023; one at end-2023, four at end-2024 and eight at end-2025. Does not measure customer acceptance or revenue.", "newValue": "Cumulative High NA customer shipment milestones since launch. Zero before the first module shipment in December2023; one at end-2023, three at end-2024 and eight at end-2025. Excludes the Veldhoven laboratory prototype and does not measure customer acceptance or revenue.", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "text", "accountingBasis": "clarified milestone perimeter" }, { "file": "asml-data.json", "path": "/periods/3/fieldSources/highcumulative", "oldValue": "https://investor.asml.com/news-releases/news-release-details/q1-2025-financial-results", "newValue": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "reason": "Use primaryyearendcustomer-shipmentstatement ratherthaninferencefromQ12025fifthsystem.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "source URL", "accountingBasis": "reported customer-shipment milestone; not recognition" }, { "file": "asml-data.json", "path": "/periods/3/fieldSources/highship", "oldValue": "https://investor.asml.com/news-releases/news-release-details/q1-2025-financial-results", "newValue": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "reason": "Use primaryyearendcustomer-shipmentstatement ratherthaninferencefromQ12025fifthsystem.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2024", "currency": "not applicable", "units": "source URL", "accountingBasis": "reported customer-shipment milestone; not recognition" }, { "file": "asml-data.json", "path": "/periods/4/fieldSources/highcumulative", "oldValue": null, "newValue": "https://ourbrand.asml.com/asset/d5e933d7-78d0-406c-aed7-a46626e63381/2026_-AGM-_presentation.pdf", "reason": "Explicitlysourceeight cumulativecustomer shipments toAGM2026p15.", "sourceUrl": "https://ourbrand.asml.com/asset/d5e933d7-78d0-406c-aed7-a46626e63381/2026_-AGM-_presentation.pdf", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "FY2025", "currency": "not applicable", "units": "source URL", "accountingBasis": "reported customer-shipment milestone; not recognition", "propertyExisted": false }, { "file": "asml.html", "path": "@text=High NA milestones are recorded as 0 / 0 / 1 / 3 / 4 annual shipments, with launch and cumulative-count derivations explained on click.", "oldValue": "High NA milestones are recorded as 0 / 0 / 1 / 3 / 4 annual shipments, with launch and cumulative-count derivations explained on click.", "newValue": "High NA customer shipment milestones are recorded as 0 / 0 / 1 / 2 / 5 annually, with launch and cumulative-count derivations explained on click.", "reason": "Q42024issuerrelease says a third HighNA system was shipped to a customer inQ4. FY2024annualreportp22 separates the Veldhoven laboratory prototype from twoIntel systems and the Asia customer system: threecustomer systems, notfour. Q12025fifthshipment alone cannot infer four at the previousyearend; morethanone can ship inQ1.", "sourceUrl": "https://investor.asml.com/news-releases/news-release-details/q4-2024-financial-results", "locator": "Q4 2024 CEO statement; 2024 US GAAP annual report p.22, visually inspected; 2026 AGM p.15 for end-2025 cumulative shipments.", "period": "2021–2025", "currency": "not applicable", "units": "systems", "accountingBasis": "customer shipment milestones, annualderived" } ], "dataRevision": 98 }, { "company": "evolution", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.pragmaticplay.com/en/news/pragmatic-play-expands-latam-offering-as-new-live-casino-studio-launches-in-colombia/", "locator": "Issuer studioannouncement: future willfeatureover100tables", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "evolution-data.json", "path": "/risks/3/paragraphs/0", "oldValue": "Playtech and Pragmatic Play both offer live games, dedicated environments and localised content. Playtech reported more than 60 live tables across New Jersey, Michigan and Pennsylvania at the end of 2025, versus more than 35 a year earlier. Pragmatic Play announced a Colombia studio operated by ARRISE, with more than 100 tables planned. These demonstrate competing investment, not independently measured market shares.", "newValue": "Playtech and Pragmatic Play both offer live games, dedicated environments and localised content. Playtech reported more than 60 live tables across New Jersey, Michigan and Pennsylvania at the end of 2025, versus more than 35 a year earlier. Pragmatic Play announced a Colombia studio operated by ARRISE. These demonstrate competing investment, not independently measured market shares.", "reason": "The issuer announcement describes more than 100 tables as future planned capacity. Remove that prospective count under the historical-only scope, while preserving the verified studio announcement, ARRISE operator and historical Playtech table counts.", "sourceUrl": "https://www.pragmaticplay.com/en/news/pragmatic-play-expands-latam-offering-as-new-live-casino-studio-launches-in-colombia/", "locator": "Issuer studioannouncement: future willfeatureover100tables", "period": "historicalannouncement;futurecapacityremoved", "currency": "not applicable", "units": "text", "accountingBasis": "historicaloperationsonly" } ], "dataRevision": 99 }, { "company": "games-workshop", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/3Bxadr0YTIX0hGl1H7DPGe/8e1361726a8e0c8dfef9bcdae8299480/2022-23_accounts_-_final.pdf", "locator": "Printedp8 Customerfocused /MyWarhammer", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "games-workshop-data.json", "path": "/periods/annual/1/activeUsers", "oldValue": null, "newValue": 427000, "reason": "The annual report explicitly states 427,000 active My Warhammer users at the period end, using the same definition of online engagement during the preceding six months. The current null is an omission, not a disclosure gap. Preserve the existing approximate-count presentation and attach this source.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/3Bxadr0YTIX0hGl1H7DPGe/8e1361726a8e0c8dfef9bcdae8299480/2022-23_accounts_-_final.pdf", "locator": "Printedp8 Customerfocused /MyWarhammer", "period": "FY2023 ended28May2023", "currency": "not applicable", "units": "users", "accountingBasis": "reported operating KPI/APM, source precision retained" }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/activeUsers", "oldValue": null, "newValue": 565000, "reason": "The annual report explicitly states 565,000 active My Warhammer users at the period end, using the same definition of online engagement during the preceding six months. The current null is an omission, not a disclosure gap. Preserve the existing approximate-count presentation and attach this source.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Printedp9 Customerfocused /MyWarhammer", "period": "FY2024 ended2June2024", "currency": "not applicable", "units": "users", "accountingBasis": "reported operating KPI/APM, source precision retained" }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/sourcesByMetric/activeUsers", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "a2023", "reason": "Attach the original period-end disclosure to this exact metric. The renderer uses this override for card links, chart-adjacent tables and CSV Sources; it takes precedence over general sourceIds.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/3Bxadr0YTIX0hGl1H7DPGe/8e1361726a8e0c8dfef9bcdae8299480/2022-23_accounts_-_final.pdf", "locator": "Annual report2023, printedp8, Customer focused /My Warhammer", "period": "FY2023, ended 28 May2023", "currency": "not applicable", "units": "users", "accountingBasis": "Company-reported operating KPI", "propertyExisted": false }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/qualifiers/activeUsers", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "≈", "reason": "Preserve the existing approximate-count presentation used for later active-user counts. This qualifier appears in cards, chart labels/tooltips, history tables and the separate CSV Qualifier column; the raw CSV Value remains numeric.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/3Bxadr0YTIX0hGl1H7DPGe/8e1361726a8e0c8dfef9bcdae8299480/2022-23_accounts_-_final.pdf", "locator": "Annual report2023, printedp8, Customer focused /My Warhammer", "period": "FY2023, ended 28 May2023", "currency": "not applicable", "units": "users", "accountingBasis": "Company-reported operating KPI", "propertyExisted": false }, { "file": "games-workshop-data.json", "path": "/periods/annual/1/periodNotes/activeUsers", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "FY2023 period-end active users: 427,000 at 28 May2023. The 2023 annual report defines active as online engagement during the preceding six months. Displayed with ≈ under the site’s rounded-count convention; not unique buying customers or tabletop players.", "reason": "Provide the exact period and population definition wherever the new value is displayed. For FY2024 this replaces the stale note implying the value is retained only as a later separately dated comparative.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/3Bxadr0YTIX0hGl1H7DPGe/8e1361726a8e0c8dfef9bcdae8299480/2022-23_accounts_-_final.pdf", "locator": "Annual report2023, printedp8, Customer focused /My Warhammer", "period": "FY2023, ended 28 May2023", "currency": "not applicable", "units": "users", "accountingBasis": "Company-reported operating KPI", "propertyExisted": false }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/sourcesByMetric/activeUsers", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "a2024", "reason": "Attach the original period-end disclosure to this exact metric. The renderer uses this override for card links, chart-adjacent tables and CSV Sources; it takes precedence over general sourceIds.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Annual report2024, printedp9, Customer focused /My Warhammer", "period": "FY2024, ended 2 June2024", "currency": "not applicable", "units": "users", "accountingBasis": "Company-reported operating KPI", "propertyExisted": false }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/qualifiers/activeUsers", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "≈", "reason": "Preserve the existing approximate-count presentation used for later active-user counts. This qualifier appears in cards, chart labels/tooltips, history tables and the separate CSV Qualifier column; the raw CSV Value remains numeric.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Annual report2024, printedp9, Customer focused /My Warhammer", "period": "FY2024, ended 2 June2024", "currency": "not applicable", "units": "users", "accountingBasis": "Company-reported operating KPI", "propertyExisted": false }, { "file": "games-workshop-data.json", "path": "/periods/annual/2/periodNotes/activeUsers", "operation": "replace", "oldExists": true, "oldValue": "FY2025 report quotes c.565,000 for FY2024; retained as a separately dated comparative below.", "newValue": "FY2024 period-end active users: 565,000 at 2 June2024. The 2024 annual report defines active as online engagement during the preceding six months. Displayed with ≈ under the site’s rounded-count convention; not unique buying customers or tabletop players.", "reason": "Provide the exact period and population definition wherever the new value is displayed. For FY2024 this replaces the stale note implying the value is retained only as a later separately dated comparative.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Annual report2024, printedp9, Customer focused /My Warhammer", "period": "FY2024, ended 2 June2024", "currency": "not applicable", "units": "users", "accountingBasis": "Company-reported operating KPI" }, { "file": "games-workshop-data.json", "path": "/notes/7", "operation": "replace", "oldExists": true, "oldValue": "FY2024 and FY2023 Warhammer+ counts are described in the FY2024 report as current and prior observations; kept separately below. FY2024 My Warhammer count is retained as the FY2025 comparative.", "newValue": "The FY2023 and FY2024 My Warhammer annual observations use period-end disclosures in the respective annual reports, with the same six-month engagement definition. The FY2025 report’s FY2024 comparative is also retained as corroborating evidence. Earlier Warhammer+ counts are described as current publication-date observations and remain separate from the annual year-end series.", "reason": "Align the general methodology note with the new annual observations while retaining the timing distinction for Warhammer+ subscribers.", "sourceUrl": "https://assets.ctfassets.net/ost7hseic9hc/6nhjgj1BVPlaTocG6L4IbS/e42b72a50979ca58769b9e85e04ae79a/2023-24_accounts_-_final.pdf", "locator": "Printedp9 My Warhammer and Warhammer+; FY2023 reportp8; FY2025 comparative", "period": "FY2023–FY2025", "currency": "not applicable", "units": "text", "accountingBasis": "Company-reported operating KPI" } ], "dataRevision": 100 }, { "company": "tortilla", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Financialhighlights and financialreview; FY2023comparative", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "tortilla-data.json", "path": "/periods/annual/2/ukAdjEbitda", "oldValue": null, "newValue": 4.6, "reason": "The FY2024 results explicitly report UK adjusted EBITDA of £5.2m with a FY2023 comparative of £4.6m. Backfill the rounded comparative, rather than substituting the exact consolidated group amount; retain the pre-IFRS 16 APM label and source precision.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Financialhighlights and financialreview; FY2023comparative", "period": "FY2023 ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "reported operating KPI/APM, source precision retained" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/franceAdjEbitda", "oldValue": null, "newValue": 0, "reason": "The FY2024 results explicitly report France adjusted EBITDA of a £0.7m loss with FY2023 shown as nil. Backfill 0 with the qualification that France was acquired in 2024; this does not describe an active French estate breaking even.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "Financialhighlights: France0.7mloss (2023:nil)", "period": "FY2023 ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "reported operating KPI/APM, source precision retained" }, { "file": "tortilla-data.json", "path": "/periods/annual/2/sourcesByMetric/ukAdjEbitda", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "FY24", "reason": "Use the later original issuer comparative that explicitly reports this observation, instead of the general FY2023 source. Applies to cards, chart-adjacent tables and CSV Sources.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "FY2024 results, Financial highlights and Financial review: UK £5.2m(2023:£4.6m), France loss£0.7m(2023:nil)", "period": "FY2023,52weeks ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "Company adjusted EBITDA before IFRS16; non-GAAP APM", "propertyExisted": false }, { "file": "tortilla-data.json", "path": "/periods/annual/2/kindsByMetric/ukAdjEbitda", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "Reported APM", "reason": "Explicitly retain the company non-GAAP adjusted EBITDA before IFRS16 classification in cards, tables and CSV Status. This is not statutory segment net profit or cash flow.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "FY2024 results, Financial highlights and Financial review: UK £5.2m(2023:£4.6m), France loss£0.7m(2023:nil)", "period": "FY2023,52weeks ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "Company adjusted EBITDA before IFRS16; non-GAAP APM", "propertyExisted": false }, { "file": "tortilla-data.json", "path": "/periods/annual/2/periodNotes/ukAdjEbitda", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "FY2023 UK adjusted EBITDA before IFRS16: £4.6m, explicitly reported as a rounded comparative in the FY2024 results. The UK operational reporting scope includes administered Middle East franchise income. Retain the source’s £0.1m precision; do not substitute the exact consolidated group adjusted EBITDA of £4.565275m.", "reason": "Display the source precision and scope next to the newly populated amount. France requires the pre-acquisition qualification so that reported nil is not mistaken for achieved break-even.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "FY2024 results, Financial highlights and Financial review: UK £5.2m(2023:£4.6m), France loss£0.7m(2023:nil)", "period": "FY2023,52weeks ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "Company adjusted EBITDA before IFRS16; non-GAAP APM", "propertyExisted": false }, { "file": "tortilla-data.json", "path": "/periods/annual/2/sourcesByMetric/franceAdjEbitda", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "FY24", "reason": "Use the later original issuer comparative that explicitly reports this observation, instead of the general FY2023 source. Applies to cards, chart-adjacent tables and CSV Sources.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "FY2024 results, Financial highlights and Financial review: UK £5.2m(2023:£4.6m), France loss£0.7m(2023:nil)", "period": "FY2023,52weeks ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "Company adjusted EBITDA before IFRS16; non-GAAP APM", "propertyExisted": false }, { "file": "tortilla-data.json", "path": "/periods/annual/2/kindsByMetric/franceAdjEbitda", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "Reported APM", "reason": "Explicitly retain the company non-GAAP adjusted EBITDA before IFRS16 classification in cards, tables and CSV Status. This is not statutory segment net profit or cash flow.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "FY2024 results, Financial highlights and Financial review: UK £5.2m(2023:£4.6m), France loss£0.7m(2023:nil)", "period": "FY2023,52weeks ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "Company adjusted EBITDA before IFRS16; non-GAAP APM", "propertyExisted": false }, { "file": "tortilla-data.json", "path": "/periods/annual/2/periodNotes/franceAdjEbitda", "operation": "add", "oldExists": false, "oldValue": null, "newValue": "FY2023 France adjusted EBITDA before IFRS16 is reported as nil in the FY2024 comparative. France was acquired in2024, so 0 records the pre-acquisition comparative, not an operating French estate breaking even. This APM is not French cash flow.", "reason": "Display the source precision and scope next to the newly populated amount. France requires the pre-acquisition qualification so that reported nil is not mistaken for achieved break-even.", "sourceUrl": "https://tortillagroup.co.uk/wp-content/uploads/Annual-Results-2024.pdf", "locator": "FY2024 results, Financial highlights and Financial review: UK £5.2m(2023:£4.6m), France loss£0.7m(2023:nil)", "period": "FY2023,52weeks ended31December2023", "currency": "GBP", "units": "GBP million", "accountingBasis": "Company adjusted EBITDA before IFRS16; non-GAAP APM", "propertyExisted": false } ], "dataRevision": 101 }, { "company": "valaris", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926011776/tm265550d1_ex99-2.htm", "locator": "Slide10announcedcostcategories; nohistorical25%profitobservation", "publicationStatus": "included_in_this_site_version", "changes": [ { "file": "valaris-transocean.html", "path": "@text=Operating profit rises 25% after the merger, but dayrates also rise. What evidence would establish that the merger itself improved the economics?", "oldValue": "Operating profit rises 25% after the merger, but dayrates also rise. What evidence would establish that the merger itself improved the economics?", "newValue": "What evidence would distinguish the merger’s operating effects from changes in dayrates?", "reason": "Numericalpost-mergerhypothetical hasnohistoricalsource andconflicts withAGENTShistorical-only/nohypotheticalfinancialscenarios. Preservequalitativeattributionquestion.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1451505/000110465926011776/tm265550d1_ex99-2.htm", "locator": "Slide10announcedcostcategories; nohistorical25%profitobservation", "period": "not a completed historicalperiod", "currency": "not applicable", "units": "text", "accountingBasis": "editorialscope correction" } ] }, { "company": "alc", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 2026 release, Operating income and Diluted earnings per share discussions, pp.3–5", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/cashAdjustments/1/label", "oldValue": "PowerVision discontinuation net charge", "newValue": "PowerVision discontinuation post-tax noncash charge", "reason": "USD287m is explicitly post-tax and noncash; the pretax net charge was USD402m. Existing note is correct; make the label equally explicit.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 2026 release, Operating income and Diluted earnings per share discussions, pp.3–5", "period": "Q2 2026", "currency": null, "units": "text label or scope note", "accountingBasis": "IFRS post-tax noncash expense" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/cashAdjustments/0/note", "oldValue": "The site proxy excludes disposal proceeds. Company FCF includes them, leaving a $5m TTM difference.", "newValue": "The site proxy excludes disposal proceeds. Company FCF adds $5m in FY2025. H1 2026 and H1 2025 show no separate proceeds line; the displayed zeros are residuals of the rounded FCF bridges, leaving a $5m calculated TTM difference.", "reason": "H1 zero proceeds are inferred only at whole-USD-million reporting precision; they are not independently reported exact zero cash receipts.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "locator": "Q2 release p.20 Free Cash Flow reconciliation; FY2025 release p.18", "period": "FY2025 and H1 2026/2025", "currency": null, "units": "text label or scope note", "accountingBasis": "Company non-IFRS FCF; calculated bridge residual" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/0/buybacksCash", "oldValue": null, "newValue": 0, "reason": "Replace explicitly unverified gap with primary-sourced observation. Issuer explicitly states that neither it nor affiliated purchasers bought ordinary shares during FY2021. Employee tax withholding payments are a separate cash-flow item, not buybacks.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737922000011/alc-20211231.htm", "locator": "FY2021 Form20-F Item16E, p.152", "period": "FY2021", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS financing cash flow; issuer share repurchases", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/0/fieldNotes/buybacksCash", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Issuer explicitly states that neither it nor affiliated purchasers bought ordinary shares during FY2021. Employee tax withholding payments are a separate cash-flow item, not buybacks.", "reason": "Gap is now independently resolved; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737922000011/alc-20211231.htm", "locator": "FY2021 Form20-F Item16E, p.152", "period": "FY2021", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/1/buybacksCash", "oldValue": null, "newValue": 0, "reason": "Replace explicitly unverified gap with primary-sourced observation. Issuer explicitly states that neither it nor affiliated purchasers bought ordinary shares during FY2022. Employee tax withholding is separate.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm", "locator": "FY2022 Form20-F Item16E, p.151", "period": "FY2022", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS financing cash flow; issuer share repurchases", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/1/fieldNotes/buybacksCash", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Issuer explicitly states that neither it nor affiliated purchasers bought ordinary shares during FY2022. Employee tax withholding is separate.", "reason": "Gap is now independently resolved; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm", "locator": "FY2022 Form20-F Item16E, p.151", "period": "FY2022", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/2/buybacksCash", "oldValue": null, "newValue": 0, "reason": "Replace explicitly unverified gap with primary-sourced observation. Reported as a dash at whole-USD-million precision. FY2023 Item16E separately lists3000 affiliated-purchaser shares at USD64.77 average; zero here is the rounded consolidated cash-flow line, not an assertion of exactly zero every affiliated purchase.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Consolidated Statement of Cash Flows, FY2023 comparative, Payments for acquisition of treasury shares", "period": "FY2023", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS financing cash flow; issuer share repurchases", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/2/fieldNotes/buybacksCash", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Reported as a dash at whole-USD-million precision. FY2023 Item16E separately lists3000 affiliated-purchaser shares at USD64.77 average; zero here is the rounded consolidated cash-flow line, not an assertion of exactly zero every affiliated purchase.", "reason": "Gap is now independently resolved; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Consolidated Statement of Cash Flows, FY2023 comparative, Payments for acquisition of treasury shares", "period": "FY2023", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/3/buybacksCash", "oldValue": null, "newValue": 0, "reason": "Replace explicitly unverified gap with primary-sourced observation. Reported as a dash at whole-USD-million precision; employee tax-withholding cash is excluded from this buybacks measure.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Consolidated Statement of Cash Flows, FY2024 comparative, Payments for acquisition of treasury shares", "period": "FY2024", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS financing cash flow; issuer share repurchases", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/3/fieldNotes/buybacksCash", "oldValue": "Not separately verified on the stated basis in the primary annual reports; not zero.", "newValue": "Reported as a dash at whole-USD-million precision; employee tax-withholding cash is excluded from this buybacks measure.", "reason": "Gap is now independently resolved; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Consolidated Statement of Cash Flows, FY2024 comparative, Payments for acquisition of treasury shares", "period": "FY2024", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/annual/sbc", "oldValue": null, "newValue": 162, "reason": "Replace explicitly unverified gap with primary-sourced observation. Matches the separately verified annual-history SBC162. This is equity-settled cash-flow adjustment, not total share-based remuneration expense171.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Statement of Cash Flows, FY2025 Equity-based compensation expense", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS noncash cash-flow reconciliation adjustment", "sourceInputs": [] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttm/sbc", "oldValue": null, "newValue": 172, "reason": "Replace explicitly unverified gap with primary-sourced observation. FY2025 162 + H1 2026 87 - H1 2025 77 =172 USDm.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18; FY2025 original annual cash-flow statement", "period": "TTM ended30June2026", "currency": "USD", "units": "USD million", "accountingBasis": "Calculated IFRS cash-flow reconciliation SBC", "sourceInputs": [ { "value": 162, "period": "FY2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Statement of Cash Flows, Equity-based compensation expense", "unit": "USD million" }, { "value": 87, "period": "H1 2026", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18, Equity-based compensation expense", "unit": "USD million" }, { "value": 77, "period": "H1 2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18, Equity-based compensation expense", "unit": "USD million" } ] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttm/leasePrincipal", "oldValue": null, "newValue": 86, "reason": "Replace explicitly unverified gap with primary-sourced observation. 81 +43 -38 =86 USDm. Interest paid is separately presented in operating cash flows; retain published OCF-minus-PP&E FCF definition and identify lease repayment separately.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18, financing Lease payments; FY2025 equivalent row", "period": "TTM ended30June2026", "currency": "USD", "units": "USD million", "accountingBasis": "Calculated IFRS financing lease-liability repayments", "sourceInputs": [ { "value": 81, "period": "FY2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "Consolidated Statement of Cash Flows, financing Lease payments; Note20.3", "unit": "USD million" }, { "value": 43, "period": "H1 2026", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18, financing Lease payments", "unit": "USD million" }, { "value": 38, "period": "H1 2025", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18, financing Lease payments", "unit": "USD million" } ] }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/limitations/1", "oldValue": "FCF proxy subtracts reported cash PP&E purchases. Separate software and lease-principal amounts were not verified, so those fields remain null.", "newValue": "FCF proxy subtracts reported cash PP&E purchases. Cash software investment is not separately verified and remains null. TTM lease principal is separately calculated as FY2025 plus H1 2026 less H1 2025; it is not deducted in the stated OCF-minus-PP&E FCF proxy.", "reason": "Lease principal is now verified; retain the genuinely unresolved cash-software split and preserve the defined FCF measure.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "Condensed Consolidated Statement of Cash Flows p.18", "period": "TTM ended30June2026", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/4/buybacksCash", "oldValue": 682, "newValue": 676, "reason": "Cash-spent definition requires settled financing cash payments of 676, not treasury-share acquisition consideration of 682; 6 remained payable.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column, financing row 'Payments for acquisition of treasury shares'; Note 7.4 Share repurchase program, printed F-27", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS financing cash paid for acquisition of treasury shares, stated as positive outflow", "oldValuePresent": true }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/4/fieldSources", "oldValue": { "revenue": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:RevenueFromContractsWithCustomers" }, "ocf": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:CashFlowsFromUsedInOperatingActivities" }, "capex": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" }, "netIncome": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:ProfitLoss" }, "operatingIncome": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:ProfitLossFromOperatingActivities" }, "sbc": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" }, "dilutedShares": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:AdjustedWeightedAverageShares" }, "eps": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:DilutedEarningsLossPerShare" }, "equity": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:Equity" }, "cash": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:CashAndCashEquivalents" }, "buybacksCash": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:PurchaseOfTreasuryShares" }, "debt": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated balance sheet, current and noncurrent financial debt; carrying amounts" }, "periodEndShares": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated statement of equity / year-end balance sheet; matching dated column" }, "bookValuePS": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated statement of equity / year-end balance sheet; matching dated column" } }, "newValue": { "revenue": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:RevenueFromContractsWithCustomers" }, "ocf": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:CashFlowsFromUsedInOperatingActivities" }, "capex": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" }, "netIncome": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:ProfitLoss" }, "operatingIncome": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:ProfitLossFromOperatingActivities" }, "sbc": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column, operating reconciliation row 'Equity-based compensation expense'", "period": "FY2025", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS noncash equity-based compensation cash-flow adjustment" }, "dilutedShares": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:AdjustedWeightedAverageShares" }, "eps": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:DilutedEarningsLossPerShare" }, "equity": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:Equity" }, "cash": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:CashAndCashEquivalents" }, "buybacksCash": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column, financing row 'Payments for acquisition of treasury shares'; Note 7.4 Share repurchase program, printed F-27", "period": "FY2025", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS financing cash paid for acquisition of treasury shares, stated as positive outflow" }, "debt": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated balance sheet, current and noncurrent financial debt; carrying amounts" }, "periodEndShares": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated statement of equity / year-end balance sheet; matching dated column" }, "bookValuePS": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated statement of equity / year-end balance sheet; matching dated column" } }, "reason": "Use actual cash-flow and SBC rows rather than the equity acquisition tag or generic release reference.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column", "period": "FY2025", "currency": null, "units": "metadata", "accountingBasis": "IFRS", "oldValuePresent": true }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/4/fieldNotes", "oldValue": { "software": "Not separately verified on the stated basis in the primary annual reports; not zero.", "periodEndShares": "Issuer rounded common shares outstanding at31December, excludes treasury shares; not499.7m issued shares. Preserve one-decimal source precision.", "fcf": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "bookValuePS": "Calculated: common equity / reported closing common shares, using issuer precision." }, "newValue": { "software": "Not separately verified on the stated basis in the primary annual reports; not zero.", "periodEndShares": "Issuer rounded common shares outstanding at31December, excludes treasury shares; not499.7m issued shares. Preserve one-decimal source precision.", "fcf": "Calculated site proxy = operating cash flow − cash PP&E/technology purchases − separately disclosed capitalised software; excludes asset disposal proceeds and company-specific adjustments.", "bookValuePS": "Calculated: common equity / reported closing common shares, using issuer precision.", "buybacksCash": "Cash payments for treasury-share acquisitions were USD 676m in FY2025. Equity consideration was USD 682m, including USD 6m of repurchases initiated but unsettled at year-end; the USD 682m previously stored in this cash field is retained here as the equity-cost comparison. Excludes separate employee tax withholding payments.", "sbc": "Noncash equity-based compensation adjustment in operating cash-flow reconciliation: USD 162m; not total equity-based remuneration expense of USD 171m." }, "reason": "Show the cash versus equity-cost distinction and precise SBC definition on chart evidence and downloads.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column, financing row 'Payments for acquisition of treasury shares'; Note 7.4 Share repurchase program, printed F-27", "period": "FY2025", "currency": null, "units": "metadata", "accountingBasis": "IFRS", "oldValuePresent": true }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/annual/buybacksCash", "oldValue": 682, "newValue": 676, "reason": "Cash-spent definition requires settled financing cash payments of 676, not treasury-share acquisition consideration of 682; 6 remained payable.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column, financing row 'Payments for acquisition of treasury shares'; Note 7.4 Share repurchase program, printed F-27", "period": "FY2025", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS financing cash paid for acquisition of treasury shares, stated as positive outflow", "oldValuePresent": true }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/annual/fieldSources", "oldValue": { "periodEndShares": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated statement of equity / year-end balance sheet; matching dated column" }, "bookValuePS": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated statement of equity / year-end balance sheet; matching dated column" }, "cash": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:CashAndCashEquivalents" }, "debt": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated balance sheet, current and noncurrent financial debt; carrying amounts" }, "buybacksCash": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:PurchaseOfTreasuryShares" } }, "newValue": { "periodEndShares": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated statement of equity / year-end balance sheet; matching dated column" }, "bookValuePS": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated statement of equity / year-end balance sheet; matching dated column" }, "cash": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:CashAndCashEquivalents" }, "debt": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated balance sheet, current and noncurrent financial debt; carrying amounts" }, "buybacksCash": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column, financing row 'Payments for acquisition of treasury shares'; Note 7.4 Share repurchase program, printed F-27", "period": "FY2025", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS financing cash paid for acquisition of treasury shares, stated as positive outflow" }, "sbc": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column, operating reconciliation row 'Equity-based compensation expense'", "period": "FY2025", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS noncash equity-based compensation cash-flow adjustment" } }, "reason": "Use actual cash-flow and SBC rows rather than the equity acquisition tag or generic release reference.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column", "period": "FY2025", "currency": null, "units": "metadata", "accountingBasis": "IFRS", "oldValuePresent": true }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/annual/fieldNotes", "oldValue": { "periodEndShares": "Issuer rounded common shares outstanding at31December, excludes treasury shares; not499.7m issued shares. Preserve one-decimal source precision.", "bookValuePS": "Calculated: common equity / reported closing common shares, using issuer precision." }, "newValue": { "periodEndShares": "Issuer rounded common shares outstanding at31December, excludes treasury shares; not499.7m issued shares. Preserve one-decimal source precision.", "bookValuePS": "Calculated: common equity / reported closing common shares, using issuer precision.", "buybacksCash": "Cash payments for treasury-share acquisitions were USD 676m in FY2025. Equity consideration was USD 682m, including USD 6m of repurchases initiated but unsettled at year-end; the USD 682m previously stored in this cash field is retained here as the equity-cost comparison. Excludes separate employee tax withholding payments.", "sbc": "Noncash equity-based compensation adjustment in operating cash-flow reconciliation: USD 162m; not total equity-based remuneration expense of USD 171m." }, "reason": "Show the cash versus equity-cost distinction and precise SBC definition on chart evidence and downloads.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column, financing row 'Payments for acquisition of treasury shares'; Note 7.4 Share repurchase program, printed F-27", "period": "FY2025", "currency": null, "units": "metadata", "accountingBasis": "IFRS", "oldValuePresent": true }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/history/0/fieldSources", "oldValue": { "revenue": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "location": "Consolidated financial statements; ifrs-full:RevenueFromContractsWithCustomers" }, "ocf": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "location": "Consolidated financial statements; ifrs-full:CashFlowsFromUsedInOperatingActivities" }, "capex": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "location": "Consolidated financial statements; ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" }, "netIncome": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "location": "Consolidated financial statements; ifrs-full:ProfitLoss" }, "operatingIncome": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "location": "Consolidated financial statements; ifrs-full:ProfitLossFromOperatingActivities" }, "sbc": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm", "location": "Consolidated financial statements; 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ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" }, "netIncome": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:ProfitLoss" }, "operatingIncome": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:ProfitLossFromOperatingActivities" }, "sbc": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" }, "dilutedShares": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:AdjustedWeightedAverageShares" }, "eps": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:DilutedEarningsLossPerShare" }, "equity": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:Equity" }, "cash": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated financial statements; ifrs-full:CashAndCashEquivalents" }, "debt": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated balance sheet, current and noncurrent financial debt; carrying amounts" }, "periodEndShares": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated statement of equity / year-end balance sheet; matching dated column" }, "bookValuePS": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "Consolidated statement of equity / year-end balance sheet; matching dated column" }, "buybacksCash": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column, FY2024 column, 'Payments for acquisition of treasury shares'", "period": "FY2024", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS financing cash paid for acquisition of treasury shares, stated as positive outflow" } }, "reason": "Attach the original proving the backfilled cash-buyback observation, preserving its reported precision and the main-ledger field note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column, FY2024 column, 'Payments for acquisition of treasury shares'", "period": "FY2024", "currency": null, "units": "metadata", "accountingBasis": "IFRS financing cash paid for acquisition of treasury shares, stated as positive outflow", "oldValuePresent": true }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ytd/current/sbc", "oldValue": null, "newValue": 87, "reason": "Mirror the already verified input to the current/prior YTD row consumed by the cash-flow components table.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2026", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS noncash equity-based compensation cash-flow adjustment", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ytd/current/fieldSources", "oldValue": null, "newValue": { "sbc": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "location": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns, row 'Equity-based compensation expense'", "period": "H1 2026", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS noncash equity-based compensation cash-flow adjustment" } }, "reason": "Preserve per-input original statement and period.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2026", "currency": null, "units": "metadata", "accountingBasis": "IFRS", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ytd/current/fieldNotes", "oldValue": null, "newValue": { "sbc": "Noncash equity-based compensation in operating cash-flow reconciliation; six-month cumulative amount." }, "reason": "State cumulative period and cash-flow adjustment basis.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2026", "currency": null, "units": "metadata", "accountingBasis": "IFRS", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ytd/prior/sbc", "oldValue": null, "newValue": 77, "reason": "Mirror the already verified input to the current/prior YTD row consumed by the cash-flow components table.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS noncash equity-based compensation cash-flow adjustment", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ytd/prior/fieldSources", "oldValue": null, "newValue": { "sbc": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "location": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns, row 'Equity-based compensation expense'", "period": "H1 2025", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS noncash equity-based compensation cash-flow adjustment" } }, "reason": "Preserve per-input original statement and period.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2025", "currency": null, "units": "metadata", "accountingBasis": "IFRS", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ytd/prior/fieldNotes", "oldValue": null, "newValue": { "sbc": "Noncash equity-based compensation in operating cash-flow reconciliation; six-month cumulative amount." }, "reason": "State cumulative period and cash-flow adjustment basis.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2025", "currency": null, "units": "metadata", "accountingBasis": "IFRS", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttmInputs/sbc", "oldValue": null, "newValue": [ 162, 87, 77 ], "reason": "Retain the three historical components behind the backfilled TTM calculation.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column; H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "FY2025 + H1 2026 - H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS components; calculated TTM", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttmInputs/leasePrincipal", "oldValue": null, "newValue": [ 81, 43, 38 ], "reason": "Retain the three historical components behind the backfilled TTM calculation.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column; H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "FY2025 + H1 2026 - H1 2025", "currency": "USD", "units": "USD million", "accountingBasis": "IFRS components; calculated TTM", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttm/fieldSources", "oldValue": null, "newValue": { "sbc": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "location": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column; H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "TTM ended 30 June 2026", "currency": "USD", "unit": "USD million", "accountingBasis": "Calculated from IFRS historical cash-flow components", "sourceInputs": [ { "value": 162, "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column", "period": "FY2025", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS noncash equity-based compensation cash-flow adjustment" }, { "value": 87, "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "location": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2026", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS noncash equity-based compensation cash-flow adjustment" }, { "value": 77, "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "location": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2025", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS noncash equity-based compensation cash-flow adjustment" } ] }, "leasePrincipal": { "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "location": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column; H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "TTM ended 30 June 2026", "currency": "USD", "unit": "USD million", "accountingBasis": "Calculated from IFRS historical cash-flow components", "sourceInputs": [ { "value": 81, "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "location": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column", "period": "FY2025", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS lease principal classified as financing cash outflow" }, { "value": 43, "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "location": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2026", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS lease principal classified as financing cash outflow" }, { "value": 38, "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "location": "H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "H1 2025", "currency": "USD", "unit": "USD million", "accountingBasis": "IFRS lease principal classified as financing cash outflow" } ] } }, "reason": "TTM requires both original statements and all three component periods; a single interim release is insufficient.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column; H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "TTM ended 30 June 2026", "currency": null, "units": "metadata", "accountingBasis": "Calculated IFRS historical components", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttm/fieldNotes", "oldValue": null, "newValue": { "sbc": "Calculated TTM noncash equity-based compensation adjustment: FY2025 162 + H1 2026 87 - H1 2025 77 = USD 172m. Annual audited IFRS and interim unaudited IFRS cash-flow statements.", "leasePrincipal": "Calculated TTM lease principal: FY2025 81 + H1 2026 43 - H1 2025 38 = USD 86m. IFRS financing cash outflow, separate from interest paid in operating cash flow; not deducted from the site OCF-minus-capex FCF proxy." }, "reason": "Make accounting definitions and historical arithmetic reusable by cards and downloads.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column; H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "TTM ended 30 June 2026", "currency": null, "units": "metadata", "accountingBasis": "Calculated IFRS historical components", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttmInputs/sourceLocation", "oldValue": null, "newValue": "SBC: FY2025 162 + H1 2026 87 - H1 2025 77 = USD 172m; lease principal: 81 + 43 - 38 = USD 86m. Sources: FY2025 audited Form 20-F, printed F-6; H1 2026 unaudited interim financial statements, printed p.18, including H1 2025 comparatives. SBC is the noncash operating cash-flow adjustment. Lease principal is an IFRS financing cash outflow, separate from operating interest payments, and is not deducted from the FCF proxy.", "reason": "This text is rendered in the expanded component table; remove stale impression that an input was unavailable when the linked statements supply it.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column; H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "TTM ended 30 June 2026", "currency": null, "units": "metadata", "accountingBasis": "Calculated IFRS historical components", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/ttmInputs/sources", "oldValue": [ "ALC25", "ALC26" ], "newValue": [ "ALC25", "ALC26", "ALC25FS", "ALC26FS" ], "reason": "Add the actual primary financial statements alongside the existing release sources.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column; H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "FY2025 and H1 2026", "currency": null, "units": "metadata", "accountingBasis": "IFRS", "oldValuePresent": true }, { "file": "pershing-networks-upgrade.json", "path": "/companies/@ALC/sources", "oldValue": [ { "id": "ALC25", "date": "2026-02-24", "url": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "title": "Alcon FY2025 results" }, { "id": "ALC26", "date": "2026-08-10", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "title": "Alcon Q2 2026 results" }, { "id": "ALCHISTAUDIT", "title": "FY2024 Form 20-F · earlier historical periods", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737925000008/alc-20241231.htm", "location": "Financial statement tables; source context checked in validity review" }, { "id": "ALC23", "title": "ALC FY2023 annual report", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm" }, { "id": "ALC22", "title": "ALC FY2022 annual report", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm" } ], "newValue": [ { "id": "ALC25", "date": "2026-02-24", "url": "https://s1.q4cdn.com/963204942/files/doc_earnings/2025/q4/earnings-result/Q4-2025-Press-Release.pdf", "title": "Alcon FY2025 results" }, { "id": "ALC26", "date": "2026-08-10", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/q22026pressrelease.htm", "title": "Alcon Q2 2026 results" }, { "id": "ALCHISTAUDIT", "title": "FY2024 Form 20-F · earlier historical periods", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737925000008/alc-20241231.htm", "location": "Financial statement tables; source context checked in validity review" }, { "id": "ALC23", "title": "ALC FY2023 annual report", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737924000008/alc-20231231.htm" }, { "id": "ALC22", "title": "ALC FY2022 annual report", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737923000011/alc-20221231.htm" }, { "id": "ALC25FS", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "title": "Alcon FY2025 Form 20-F — audited financial statements", "location": "F-6 cash flows; F-27 Note 7.4 share repurchases" }, { "id": "ALC26FS", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000030/alc-20260630_d2.htm", "title": "Alcon H1 2026 interim financial statements — unaudited", "location": "p.18 cash flows, H1 2026 and H1 2025 columns" }, { "id": "ALC21FS", "url": "https://www.sec.gov/Archives/edgar/data/1167379/000116737922000011/alc-20211231.htm", "title": "Alcon FY2021 Form 20-F", "location": "p.152 Item 16E: no equity-security purchases" } ], "reason": "Expose original statements in the company source list used by cards and preserve them in downloaded input data.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1167379/000116737926000014/alc-20251231.htm", "locator": "FY2025 Form 20-F, printed F-6, Consolidated Statement of Cash Flows, FY2025 column; H1 2026 Condensed Consolidated Interim Financial Statements (unaudited), printed p.18, Consolidated Statement of Cash Flows, six months ended 30 June 2026 and 2025 columns", "period": "FY2021, FY2025 and H1 2026", "currency": null, "units": "metadata", "accountingBasis": "IFRS", "oldValuePresent": true } ], "dataRevision": 103 }, { "company": "bn", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108522000008/bam-20211231_d2.htm", "locator": "Consolidated financial statements; Common Equity; Corporate Borrowings; 2025 Five-Year Financial Record split footnote", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/history/0/scope", "oldValue": "Consolidated IFRS including noncontrolling interests; consolidated cash flow is not parent distributable earnings. Industrial FCF withheld.", "newValue": "IFRS revenue, net income, operating cash flow and cash are consolidated including noncontrolling interests. Equity is parent common equity; debt is corporate recourse borrowings only. Diluted EPS is the common-share measure, adjusted for the October 2025 split. Consolidated cash flow is not parent distributable earnings; industrial FCF is withheld.", "reason": "The existing umbrella consolidated/NCI scope does not distinguish parent common equity and corporate debt. Keep each amount but state its perimeter explicitly.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108522000008/bam-20211231_d2.htm", "locator": "Consolidated financial statements; Common Equity; Corporate Borrowings; 2025 Five-Year Financial Record split footnote", "period": "FY2021", "currency": null, "units": "text label or scope note", "accountingBasis": "IFRS; mixed consolidation scopes identified per field" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/history/1/scope", "oldValue": "Consolidated IFRS including noncontrolling interests; consolidated cash flow is not parent distributable earnings. Industrial FCF withheld.", "newValue": "IFRS revenue, net income, operating cash flow and cash are consolidated including noncontrolling interests. Equity is parent common equity; debt is corporate recourse borrowings only. Diluted EPS is the common-share measure, adjusted for the October 2025 split. Consolidated cash flow is not parent distributable earnings; industrial FCF is withheld.", "reason": "The existing umbrella consolidated/NCI scope does not distinguish parent common equity and corporate debt. Keep each amount but state its perimeter explicitly.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108524000007/bn-20231231_d2.htm", "locator": "Consolidated financial statements; Common Equity; Corporate Borrowings; 2025 Five-Year Financial Record split footnote", "period": "FY2022", "currency": null, "units": "text label or scope note", "accountingBasis": "IFRS; mixed consolidation scopes identified per field" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/history/2/scope", "oldValue": "Consolidated IFRS including noncontrolling interests; consolidated cash flow is not parent distributable earnings. Industrial FCF withheld.", "newValue": "IFRS revenue, net income, operating cash flow and cash are consolidated including noncontrolling interests. Equity is parent common equity; debt is corporate recourse borrowings only. Diluted EPS is the common-share measure, adjusted for the October 2025 split. Consolidated cash flow is not parent distributable earnings; industrial FCF is withheld.", "reason": "The existing umbrella consolidated/NCI scope does not distinguish parent common equity and corporate debt. Keep each amount but state its perimeter explicitly.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108524000007/bn-20231231_d2.htm", "locator": "Consolidated financial statements; Common Equity; Corporate Borrowings; 2025 Five-Year Financial Record split footnote", "period": "FY2023", "currency": null, "units": "text label or scope note", "accountingBasis": "IFRS; mixed consolidation scopes identified per field" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/history/3/scope", "oldValue": "Consolidated IFRS including noncontrolling interests; consolidated cash flow is not parent distributable earnings. Industrial FCF withheld.", "newValue": "IFRS revenue, net income, operating cash flow and cash are consolidated including noncontrolling interests. Equity is parent common equity; debt is corporate recourse borrowings only. Diluted EPS is the common-share measure, adjusted for the October 2025 split. Consolidated cash flow is not parent distributable earnings; industrial FCF is withheld.", "reason": "The existing umbrella consolidated/NCI scope does not distinguish parent common equity and corporate debt. Keep each amount but state its perimeter explicitly.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108526000006/bn-20251231_d2.htm", "locator": "Consolidated financial statements; Common Equity; Corporate Borrowings; 2025 Five-Year Financial Record split footnote", "period": "FY2024", "currency": null, "units": "text label or scope note", "accountingBasis": "IFRS; mixed consolidation scopes identified per field" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@BN/history/4/scope", "oldValue": "Consolidated IFRS including noncontrolling interests; consolidated cash flow is not parent distributable earnings. Industrial FCF withheld.", "newValue": "IFRS revenue, net income, operating cash flow and cash are consolidated including noncontrolling interests. Equity is parent common equity; debt is corporate recourse borrowings only. Diluted EPS is the common-share measure, adjusted for the October 2025 split. Consolidated cash flow is not parent distributable earnings; industrial FCF is withheld.", "reason": "The existing umbrella consolidated/NCI scope does not distinguish parent common equity and corporate debt. Keep each amount but state its perimeter explicitly.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1001085/000100108526000006/bn-20251231_d2.htm", "locator": "Consolidated financial statements; Common Equity; Corporate Borrowings; 2025 Five-Year Financial Record split footnote", "period": "FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "IFRS; mixed consolidation scopes identified per field" } ], "dataRevision": 104 }, { "company": "qsr", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release pp.13–14 non-GAAP definitions; p.17 Reconciliation of Net Leverage", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@QSR/latestMetrics/3/explanation/meaning", "oldValue": "Debt less cash divided by company-adjusted annual earnings before interest, tax and depreciation.", "newValue": "Debt less cash divided by company-adjusted trailing-twelve-month earnings before interest, taxes, depreciation and amortization.", "reason": "The EBITDA expansion omits amortization; the denominator is LTM adjusted EBITDA, not a generic annual figure.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1618756/000161875626000041/qsr_2026630xpressrelease.htm", "locator": "Q2 release pp.13–14 non-GAAP definitions; p.17 Reconciliation of Net Leverage", "period": "30 June 2026", "currency": null, "units": "text label or scope note", "accountingBasis": "Company non-GAAP net leverage" } ], "dataRevision": 105 }, { "company": "hhh", "date": "2026-10-21", "summary": "Primary-source reconciliation: corrected descriptions and restored source-backed historical observations where listed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "publicationStatus": "live_data_readback_passed", "changes": [ { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/scope", "oldValue": "2021–22 legacy HHC consolidated including Seaport;2023–25 continuing operations recast excluding Seaport. Scope break in2023; property cash investments include improvements and development. Insurance not acquired until June2026.", "newValue": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "reason": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "period": "FY2021–FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP; original balance sheets and recast continuing-operation flows separately identified" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/1/scope", "oldValue": "2021–22 legacy HHC consolidated including Seaport;2023–25 continuing operations recast excluding Seaport. Scope break in2023; property cash investments include improvements and development. Insurance not acquired until June2026.", "newValue": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "reason": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "period": "FY2021–FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP; original balance sheets and recast continuing-operation flows separately identified" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/2/scope", "oldValue": "2021–22 legacy HHC consolidated including Seaport;2023–25 continuing operations recast excluding Seaport. Scope break in2023; property cash investments include improvements and development. Insurance not acquired until June2026.", "newValue": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "reason": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "period": "FY2021–FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP; original balance sheets and recast continuing-operation flows separately identified" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/3/scope", "oldValue": "2021–22 legacy HHC consolidated including Seaport;2023–25 continuing operations recast excluding Seaport. Scope break in2023; property cash investments include improvements and development. Insurance not acquired until June2026.", "newValue": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "reason": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "period": "FY2021–FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP; original balance sheets and recast continuing-operation flows separately identified" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/4/scope", "oldValue": "2021–22 legacy HHC consolidated including Seaport;2023–25 continuing operations recast excluding Seaport. Scope break in2023; property cash investments include improvements and development. Insurance not acquired until June2026.", "newValue": "2021–22 income and cash flows are legacy HHC including Seaport; 2023–25 income and cash flows are continuing operations recast excluding Seaport. Balance-sheet fields retain their separately dated reported perimeter; in 2023, equity, closing shares, cash and debt are the original group including Seaport. Property cash investments include improvements and development. Vantage was acquired on 4 June 2026.", "reason": "The universal continuing-operations label for 2023–25 applies to recast flows, not every 2023 balance. Original cash 631.548m remains correct; later recast cash-flow reconciliation 629.714m uses a different perimeter.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "2023 Consolidated Balance Sheets (31 December 2023 column); 2025 Form 10-K consolidated cash flows and discontinued-operations recast", "period": "FY2021–FY2025", "currency": null, "units": "text label or scope note", "accountingBasis": "US GAAP; original balance sheets and recast continuing-operation flows separately identified" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/2/fieldSources", "oldValue": null, "newValue": { "equity": { "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "location": "Consolidated Balance Sheets, 31 December 2023 column; USD thousands converted to USD million, shares converted to million shares" }, "periodEndShares": { "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "location": "Consolidated Balance Sheets, 31 December 2023 column; USD thousands converted to USD million, shares converted to million shares" }, "cash": { "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "location": "Consolidated Balance Sheets, 31 December 2023 column; USD thousands converted to USD million, shares converted to million shares" }, "debt": { "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "location": "Consolidated Balance Sheets, 31 December 2023 column; USD thousands converted to USD million, shares converted to million shares" }, "bookValuePS": { "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "location": "Calculated original stockholders equity2992.871 USDm / original closing common shares50.038014m" } }, "reason": "Add missing field-level source overrides: the row-level 2025 10-K supports recast flows but the original 2023 balance fields come from the 2023 10-K. Absent key, so oldValue is null as an add-key marker.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "locator": "Consolidated Balance Sheets, 31 December 2023 column", "period": "31 December 2023", "currency": null, "units": "source metadata", "accountingBasis": "US GAAP original balance-sheet perimeter including Seaport", "propertyExisted": false }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/equity", "oldValue": null, "newValue": 3709.995, "reason": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP legacy HHC including Seaport", "sourceInputs": [], "propertyExisted": false }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/periodEndShares", "oldValue": null, "newValue": 54.065661, "reason": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": null, "units": "million shares", "accountingBasis": "US GAAP legacy HHC including Seaport", "sourceInputs": [], "propertyExisted": false }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/cash", "oldValue": null, "newValue": 843.212, "reason": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP legacy HHC including Seaport", "sourceInputs": [], "propertyExisted": false }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/debt", "oldValue": null, "newValue": 4591.157, "reason": "Add missing field. Parent stockholders equity excludes NCI and redeemable NCI; outstanding common shares exclude treasury; cash excludes restricted cash373.425m; debt is net carrying amount excluding separate operating lease obligations.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD million", "accountingBasis": "US GAAP legacy HHC including Seaport", "sourceInputs": [], "propertyExisted": false }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/bookValuePS", "oldValue": null, "newValue": 68.62017279322637, "reason": "Add missing field. Parent common equity3709.995 USDm divided by54.065661m closing common shares =68.62017279322637 USD/share; do not use total equity including NCI.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD/share", "accountingBasis": "Calculated common book value/share", "sourceInputs": [], "propertyExisted": false }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/0/metrics/4/value", "oldValue": null, "newValue": 68.62017279322637, "reason": "Replace explicitly unverified gap with primary-sourced observation. Parent common equity3709.995 USDm divided by54.065661m closing common shares =68.62017279322637 USD/share; do not use total equity including NCI.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": "USD", "units": "USD/share", "accountingBasis": "Calculated common book value/share", "sourceInputs": [] }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/0/metrics/4/note", "oldValue": "Year-end common equity/share denominator not verified for2021; withheld.", "newValue": "Calculated common stockholders equity3709.995m divided by54.065661m closing common shares from the FY2022 10-K comparative balance sheet.", "reason": "Both numerator and denominator are now directly verified; replace obsolete unverified note.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form10-K p.68 Consolidated Balance Sheets, 31December2021 column", "period": "31December2021", "currency": null, "units": "text", "accountingBasis": "Definition/source qualification" }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/fieldSources", "oldValue": null, "newValue": { "equity": { "url": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "location": "FY2022 Form 10-K, printed p.68, Consolidated Balance Sheets, 31 December 2021 comparative column", "period": "31 December 2021", "currency": "USD", "unit": "USD million", "accountingBasis": "US GAAP original legacy HHC group including Seaport, 31 December 2021 balance" }, "periodEndShares": { "url": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "location": "FY2022 Form 10-K, printed p.68, Consolidated Balance Sheets, 31 December 2021 comparative column", "period": "31 December 2021", "currency": null, "unit": "million shares", "accountingBasis": "US GAAP original legacy HHC group including Seaport, 31 December 2021 balance" }, "cash": { "url": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "location": "FY2022 Form 10-K, printed p.68, Consolidated Balance Sheets, 31 December 2021 comparative column", "period": "31 December 2021", "currency": "USD", "unit": "USD million", "accountingBasis": "US GAAP original legacy HHC group including Seaport, 31 December 2021 balance" }, "debt": { "url": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "location": "FY2022 Form 10-K, printed p.68, Consolidated Balance Sheets, 31 December 2021 comparative column", "period": "31 December 2021", "currency": "USD", "unit": "USD million", "accountingBasis": "US GAAP original legacy HHC group including Seaport, 31 December 2021 balance" }, "bookValuePS": { "url": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "location": "FY2022 Form 10-K, printed p.68, Consolidated Balance Sheets, 31 December 2021 comparative column", "period": "31 December 2021", "currency": "USD", "unit": "USD per common share", "accountingBasis": "US GAAP original legacy HHC group including Seaport, 31 December 2021 balance" } }, "reason": "FY2023 row source supports historical flows but not the newly backfilled FY2021 balances; attach the FY2022 comparative balance sheet to each balance field.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form 10-K, printed p.68, Consolidated Balance Sheets, 31 December 2021 comparative column", "period": "31 December 2021", "currency": null, "units": "metadata", "accountingBasis": "US GAAP original legacy HHC group including Seaport, 31 December 2021 balance", "oldValuePresent": false, "propertyExisted": false }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/history/0/fieldNotes", "oldValue": { "netIncome": "2021–22 consolidated NI;2023 onward continuing NI.2021 diluted EPS includes redeemable NCI effect.", "sbc": "Pre-tax expense net of capitalized compensation.", "fcf": "Calculated OCF minus improvements and development; land inventory investment also runs through OCF. Scope changes preclude simple continuous growth comparison." }, "newValue": { "netIncome": "2021–22 consolidated NI;2023 onward continuing NI.2021 diluted EPS includes redeemable NCI effect.", "sbc": "Pre-tax expense net of capitalized compensation.", "fcf": "Calculated OCF minus improvements and development; land inventory investment also runs through OCF. Scope changes preclude simple continuous growth comparison.", "equity": "Parent common stockholders equity; excludes noncontrolling interests. Source USD 3,709,995 thousand converted to USD 3,709.995m.", "periodEndShares": "54,065,661 common shares outstanding / 1,000,000 = 54.065661m; excludes treasury shares; not weighted-average diluted shares.", "cash": "Cash and cash equivalents USD 843,212 thousand / 1,000 = USD 843.212m; excludes separately presented restricted cash USD 373.425m.", "debt": "Mortgages, notes and loans payable, net: USD 4,591,157 thousand / 1,000 = USD 4,591.157m; excludes separate operating lease obligations.", "bookValuePS": "Calculated USD 3,709.995m parent common equity / 54.065661m closing common shares = USD 68.62017279322637 per share." }, "reason": "Preserve per-field units, exclusions and historical book-value denominator; remove any ambiguity from row-level mixed-period sourcing.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form 10-K, printed p.68, Consolidated Balance Sheets, 31 December 2021 comparative column", "period": "31 December 2021", "currency": null, "units": "metadata", "accountingBasis": "US GAAP original legacy HHC group including Seaport, 31 December 2021 balance", "oldValuePresent": true }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/0/metrics/4/source", "oldValue": "https://communities.howardhughes.com/press-releases/the-howard-hughes-corporation-reports-fourth-quarter-and-full-year-2022-results/", "newValue": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "reason": "Business-history renderer reads metric.source directly; the legacy results-release link is not the original used for this backfill.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form 10-K, printed p.68, Consolidated Balance Sheets, 31 December 2021 comparative column", "period": "31 December 2021", "currency": null, "units": "metadata", "accountingBasis": "US GAAP original legacy HHC group including Seaport, 31 December 2021 balance", "oldValuePresent": true }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/businessHistory/0/metrics/4/location", "oldValue": "Annual results and year-end balances; corresponding named metric", "newValue": "FY2022 Form 10-K, printed p.68, Consolidated Balance Sheets, 31 December 2021 comparative column; book value calculated from parent stockholders equity and closing common shares", "reason": "Expose the exact table and calculation rather than a generic corresponding-metric locator.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1498828/000162828023005243/hhc-20221231.htm", "locator": "FY2022 Form 10-K, printed p.68, Consolidated Balance Sheets, 31 December 2021 comparative column", "period": "31 December 2021", "currency": null, "units": "metadata", "accountingBasis": "US GAAP original legacy HHC group including Seaport, 31 December 2021 balance", "oldValuePresent": true }, { "file": "pershing-specials-upgrade.json", "path": "/companies/@HHH/sources", "oldValue": [ { "id": "HHH26", "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026053303/hhhearningsreleaseq22026.htm", "title": "Howard Hughes Q2 2026 earnings release", "location": "pp.1–2, 6" }, { "id": "HHH24R", "url": "https://communities.howardhughes.com/press-releases/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-year-2024-results/", "title": "HHH24R annual financial history", "location": "Financial statements; MPC EBT and Total Operating Assets NOI reconciliations" }, { "id": "HHH25R", "url": "https://investor.howardhughes.com/news-releases/news-release-details/howard-hughes-holdings-inc-reports-fourth-quarter-and-full-1", "title": "HHH25R annual financial history", "location": "Financial statements; MPC EBT and Total Operating Assets NOI reconciliations" }, { "id": "HHH23K", "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828024007207/hhh-20231231.htm", "title": "HHH23K annual financial history", "location": "Financial statements; MPC EBT and Total Operating Assets NOI reconciliations" }, { "id": "HHH22R", "url": "https://communities.howardhughes.com/press-releases/the-howard-hughes-corporation-reports-fourth-quarter-and-full-year-2022-results/", "title": "HHH22R annual financial history", "location": "Financial statements; MPC EBT and Total Operating Assets NOI reconciliations" }, { "id": "HHH25K", "url": "https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm", "title": "HHH25K annual financial history", "location": "Financial statements; 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Website source build and JavaScript syntax checks passed.", "Browser QA passed for register loading, company search, expanding evidence, completed-coverage filtering (7/36), readable layout and absence of null/undefined source links." ], "limits": [ "Historical document review does not assert complete announcement-index freshness; daily scan preferences and schedule were not changed.", "No real notification email was sent; notification providers were mocked in tests.", "Vendor quote provenance, issuer inconsistencies, inaccessible Starlink support context and specified missing/incompatible observations remain exceptions.", "The shared live Valaris deal-status note could not be changed through the updater’s permitted fields; the verified explanation is in this register.", "Primary-source comparison is not an independent audit opinion. Business interpretations are distinguished from reported facts." ] } }