$VAL Balance Sheet | Understand Stock

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$VAL

$92.50 -$0.98 (1.05%)

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Balance Sheet

Concept	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$578.3M 31.01% YoY	$599.4M 62.79% YoY	$662.7M 74.72% YoY	$503.4M 26.39% YoY	$441.4M -10.67% YoY	$368.2M -40.66% YoY	$379.3M -63.57% YoY	$398.3M -49.41% YoY	$494.1M -39.93% YoY	$620.5M -14.31% YoY	$1.041B 66.31% YoY	$787.3M 42.24% YoY	$822.5M 42.25% YoY	$724.1M 18.96% YoY	$626.0M 0.84% YoY	$553.5M -9.08% YoY	$578.2M 98.01% YoY	$608.7M 86.72% YoY	$620.8M 244.89% YoY
Cash & Equivalents	$578.3M 31.01% YoY	$599.4M 62.79% YoY	$662.7M 74.72% YoY	$503.4M 26.39% YoY	$441.4M -10.67% YoY	$368.2M -40.66% YoY	$379.3M -63.57% YoY	$398.3M -49.41% YoY	$494.1M -39.93% YoY	$620.5M -14.31% YoY	$1.041B 156.43% YoY	$787.3M 42.24% YoY	$822.5M 42.25% YoY	$724.1M 18.96% YoY	$406.0M -34.6% YoY	$553.5M -8.9% YoY	$578.2M 98.22% YoY	$608.7M 86.83% YoY	$620.8M 244.12% YoY
Short-Term Investments	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0.00 N/A	$220.0M N/A	N/A	N/A	N/A	N/A
Other Short-Term Assets	$169.5M 21.59% YoY	$144.7M 13.94% YoY	$154.4M -5.57% YoY	$157.0M -14.02% YoY	$139.4M -21.51% YoY	$127.0M -28.33% YoY	$163.5M -8.51% YoY	$182.6M 8.24% YoY	$177.6M 12.33% YoY	$177.2M 19.25% YoY	$178.7M 9.7% YoY	$168.7M 6.1% YoY	$158.1M 25.78% YoY	$148.6M 26.15% YoY	$162.9M 39.23% YoY	$159.0M 75.69% YoY	$125.7M -67.22% YoY	$117.8M -69.52% YoY	$117.0M -74.27% YoY
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0.00 -100.0% YoY	$0.00 -100.0% YoY
Prepaid Expenses	$18.70M 16.88% YoY	$13.30M 2.31% YoY	$15.30M -30.45% YoY	$21.80M 15.96% YoY	$16.00M -3.61% YoY	$13.00M -44.92% YoY	$22.00M -7.95% YoY	$18.80M -15.7% YoY	$16.60M -5.68% YoY	$23.60M 34.86% YoY	$23.90M -9.81% YoY	$22.30M -17.71% YoY	$17.60M -17.76% YoY	$17.50M -24.24% YoY	$26.50M -6.69% YoY	$27.10M -6.87% YoY	$21.40M -25.69% YoY	$23.10M -46.77% YoY	$28.40M -55.83% YoY
Receivables	$447.9M -8.35% YoY	$413.5M -14.88% YoY	$513.7M -7.57% YoY	$472.7M -11.41% YoY	$488.7M -4.35% YoY	$485.8M 5.77% YoY	$555.8M 32.4% YoY	$533.6M 31.95% YoY	$510.9M 57.25% YoY	$459.3M 2.27% YoY	$419.8M -21.61% YoY	$404.4M -25.74% YoY	$324.9M 19.49% YoY	$449.1M 60.16% YoY	$535.5M 88.09% YoY	$544.6M 106.29% YoY	$271.9M 12.36% YoY	$280.4M 14.92% YoY	$284.7M -23.88% YoY
Other Receivables	$0.00 -100.0% YoY	$65.60M -23.19% YoY	$0.00 N/A	$81.50M -16.92% YoY	$70.50M N/A	$85.40M N/A	$0.00 -100.0% YoY	$98.10M 42.17% YoY	$0.00 -100.0% YoY	$0.00 N/A	$72.60M N/A	$69.00M N/A	$68.50M -59.08% YoY	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$167.4M -19.52% YoY	$163.8M -20.1% YoY	$171.1M 205.54% YoY
Total Short-Term Assets	$1.205B 4.07% YoY	$1.225B 13.59% YoY	$1.344B 20.88% YoY	$1.227B 0.23% YoY	$1.158B -3.32% YoY	$1.079B -15.21% YoY	$1.112B -35.69% YoY	$1.225B -15.39% YoY	$1.198B -14.18% YoY	$1.272B -5.5% YoY	$1.728B 28.74% YoY	$1.447B 13.0% YoY	$1.396B 18.95% YoY	$1.346B 11.57% YoY	$1.343B 9.38% YoY	$1.281B 5.65% YoY	$1.173B 4.28% YoY	$1.207B 2.87% YoY	$1.228B 15.28% YoY
LONG-TERM ASSETS
Property, Plant & Equipment	$2.165B 9.5% YoY	$2.089B 8.07% YoY	$2.034B 10.4% YoY	$2.022B 11.73% YoY	$1.977B 14.13% YoY	$1.933B 18.31% YoY	$1.843B 58.87% YoY	$1.809B 68.52% YoY	$1.732B 70.59% YoY	$1.634B 67.19% YoY	$1.160B 21.63% YoY	$1.074B 15.24% YoY	$1.016B 9.17% YoY	$977.2M 9.69% YoY	$953.6M 6.87% YoY	$931.7M 2.49% YoY	$930.2M -90.78% YoY	$890.9M -91.87% YoY	$892.3M -91.95% YoY
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Intangibles	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$128.6M 10.86% YoY	$121.8M 7.41% YoY	$119.3M 16.16% YoY	$114.9M -9.17% YoY	$116.0M -8.52% YoY	$113.4M -8.84% YoY	$102.7M -11.54% YoY	$126.5M 11.26% YoY	$126.8M 10.84% YoY	$124.4M 11.97% YoY	$116.1M 13.16% YoY	$113.7M 14.16% YoY	$114.4M 25.85% YoY	$111.1M 28.29% YoY	$102.6M 16.72% YoY	$99.60M 16.63% YoY	$90.90M -26.1% YoY	$86.60M -28.43% YoY	$87.90M -27.36% YoY
Other Assets	$158.6M 2.59% YoY	$159.7M 7.11% YoY	$152.1M -12.64% YoY	$155.4M 0.39% YoY	$154.6M 0.65% YoY	$149.1M -3.43% YoY	$174.1M -15.2% YoY	$154.8M -16.59% YoY	$153.6M -6.8% YoY	$154.4M -10.13% YoY	$205.3M 16.98% YoY	$185.6M 0.81% YoY	$164.8M -11.68% YoY	$171.8M -2.39% YoY	$175.5M 14.33% YoY	$184.1M 11.37% YoY	$186.6M 8.17% YoY	$176.0M -0.11% YoY	$153.5M -23.33% YoY
Total Long-Term Assets	$4.159B 28.8% YoY	$4.080B 22.1% YoY	$3.294B 2.25% YoY	$3.276B 2.66% YoY	$3.229B 2.29% YoY	$3.341B 9.54% YoY	$3.222B 83.43% YoY	$3.191B 94.45% YoY	$3.157B 102.92% YoY	$3.050B 101.44% YoY	$1.757B 18.79% YoY	$1.641B 10.89% YoY	$1.556B 6.23% YoY	$1.514B 7.95% YoY	$1.479B 7.53% YoY	$1.480B 6.99% YoY	$1.465B -86.47% YoY	$1.403B -88.01% YoY	$1.375B -88.39% YoY
TOTAL ASSETS
Total Short-Term Assets	$1.205B 4.07% YoY	$1.225B 13.59% YoY	$1.344B 20.88% YoY	$1.227B 0.23% YoY	$1.158B -3.32% YoY	$1.079B -15.21% YoY	$1.112B -35.69% YoY	$1.225B -15.39% YoY	$1.198B -14.18% YoY	$1.272B -5.5% YoY	$1.728B 28.74% YoY	$1.447B 13.0% YoY	$1.396B 18.95% YoY	$1.346B 11.57% YoY	$1.343B 9.38% YoY	$1.281B 5.65% YoY	$1.173B 4.28% YoY	$1.207B 2.87% YoY	$1.228B 15.28% YoY
Total Long-Term Assets	$4.159B	$4.080B	$3.294B	$3.276B	$3.229B	$3.341B	$3.222B	$3.191B	$3.157B	$3.050B	$1.757B	$1.641B	$1.556B	$1.514B	$1.479B	$1.480B	$1.465B	$1.403B	$1.375B
Total Assets	$5.364B 22.27% YoY	$5.305B 20.02% YoY	$4.638B 7.03% YoY	$4.503B 1.99% YoY	$4.387B 0.74% YoY	$4.420B 2.26% YoY	$4.333B 24.35% YoY	$4.416B 42.97% YoY	$4.354B 47.55% YoY	$4.322B 51.11% YoY	$3.485B 23.53% YoY	$3.088B 11.87% YoY	$2.951B 11.89% YoY	$2.860B 9.62% YoY	$2.821B 8.4% YoY	$2.761B 6.36% YoY	$2.638B -77.92% YoY	$2.609B -79.73% YoY	$2.603B -79.84% YoY
SHORT-TERM LIABILITIES
Accounts Payable	$398.5M 21.01% YoY	$348.2M 6.0% YoY	$327.1M 7.7% YoY	$332.3M -4.24% YoY	$329.3M -16.46% YoY	$328.5M -17.9% YoY	$303.7M -19.31% YoY	$347.0M -4.72% YoY	$394.2M 21.63% YoY	$400.1M 55.98% YoY	$376.4M 46.69% YoY	$364.2M 26.9% YoY	$324.1M 4.15% YoY	$256.5M 13.6% YoY	$256.6M 26.4% YoY	$287.0M 64.85% YoY	$311.2M 76.02% YoY	$225.8M 28.0% YoY	$203.0M 12.34% YoY
Accrued Expenses	$379.2M 115.45% YoY	$153.9M -10.52% YoY	$390.9M 0.59% YoY	$153.3M 9.5% YoY	$176.0M -51.98% YoY	$172.0M -50.03% YoY	$388.6M 161.86% YoY	$140.0M 32.45% YoY	$366.5M 221.77% YoY	$344.2M 38.85% YoY	$148.4M -43.47% YoY	$105.7M -59.36% YoY	$113.9M 31.22% YoY	$247.9M 136.77% YoY	$262.5M 97.67% YoY	$260.1M 106.43% YoY	$86.80M -51.51% YoY	$104.7M -26.27% YoY	$132.8M 14.48% YoY
Deferred Revenue	$98.90M 26.79% YoY	$87.70M 0.57% YoY	$79.00M -26.58% YoY	$73.70M -37.17% YoY	$78.00M -36.22% YoY	$87.20M -24.96% YoY	$107.6M 4.06% YoY	$117.3M 21.93% YoY	$122.3M 85.87% YoY	$116.2M 48.97% YoY	$103.4M 21.93% YoY	$96.20M 51.5% YoY	$65.80M 16.87% YoY	$78.00M 70.31% YoY	$84.80M 160.92% YoY	$63.50M 80.4% YoY	$56.30M 5.04% YoY	$45.80M -20.49% YoY	$32.50M -16.45% YoY
Short-Term Debt	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A
Long-Term Debt Due	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0.00 N/A	N/A
Total Short-Term Liabilities	$777.7M 11.96% YoY	$691.6M 1.78% YoY	$718.0M 3.71% YoY	$678.7M -4.08% YoY	$694.6M -8.69% YoY	$679.5M -8.71% YoY	$692.3M -4.25% YoY	$707.6M 7.39% YoY	$760.7M 28.54% YoY	$744.3M 47.56% YoY	$723.0M 39.28% YoY	$658.9M 20.44% YoY	$591.8M 13.09% YoY	$504.4M 19.53% YoY	$519.1M 21.63% YoY	$547.1M 40.07% YoY	$523.3M 11.96% YoY	$422.0M -1.12% YoY	$426.8M 10.0% YoY
LONG-TERM LIABILITIES
Long-Term Debt	$1.087B 0.3% YoY	$1.086B 0.3% YoY	$1.085B 0.31% YoY	$1.084B 0.31% YoY	$1.084B 0.31% YoY	$1.083B 0.32% YoY	$1.082B 0.22% YoY	$1.081B 58.53% YoY	$1.080B 98.99% YoY	$1.079B 98.99% YoY	$1.079B 99.22% YoY	$681.9M 24.96% YoY	$542.8M -0.49% YoY	$542.4M -0.53% YoY	$541.8M -0.61% YoY	$545.7M 0.17% YoY	$545.5M N/A	$545.3M N/A	$545.1M N/A
Other Long-Term Liabilities	$307.0M -16.53% YoY	$325.8M -14.98% YoY	$357.2M -11.67% YoY	$377.6M -7.54% YoY	$367.8M -18.57% YoY	$383.2M -18.76% YoY	$404.4M -16.19% YoY	$408.4M -15.18% YoY	$451.7M -2.78% YoY	$471.7M -8.51% YoY	$482.5M -10.62% YoY	$481.5M -8.74% YoY	$464.6M -14.72% YoY	$515.6M -11.27% YoY	$539.8M -8.71% YoY	$527.6M -6.69% YoY	$544.8M -22.68% YoY	$581.1M -23.78% YoY	$591.3M -15.15% YoY
Total Long-Term Liabilities	$1.394B -3.96% YoY	$1.412B -3.69% YoY	$1.442B -2.95% YoY	$1.462B -1.85% YoY	$1.451B -5.26% YoY	$1.466B -5.49% YoY	$1.486B -4.85% YoY	$1.489B 28.02% YoY	$1.532B 52.05% YoY	$1.551B 46.6% YoY	$1.562B 44.41% YoY	$1.163B 8.39% YoY	$1.007B -7.6% YoY	$1.058B -6.07% YoY	$1.082B -4.82% YoY	$1.073B -3.32% YoY	$1.090B 54.74% YoY	$1.126B 47.74% YoY	$1.136B 63.07% YoY
TOTAL LIABILITIES
Total Short-Term Liabilities	$777.7M 11.96% YoY	$691.6M 1.78% YoY	$718.0M 3.71% YoY	$678.7M -4.08% YoY	$694.6M -8.69% YoY	$679.5M -8.71% YoY	$692.3M -4.25% YoY	$707.6M 7.39% YoY	$760.7M 28.54% YoY	$744.3M 47.56% YoY	$723.0M 39.28% YoY	$658.9M 20.44% YoY	$591.8M 13.09% YoY	$504.4M 19.53% YoY	$519.1M 21.63% YoY	$547.1M 40.07% YoY	$523.3M 11.96% YoY	$422.0M -1.12% YoY	$426.8M 10.0% YoY
Total Long-Term Liabilities	$1.394B -3.96% YoY	$1.412B -3.69% YoY	$1.442B -2.95% YoY	$1.462B -1.85% YoY	$1.451B -5.26% YoY	$1.466B -5.49% YoY	$1.486B -4.85% YoY	$1.489B 28.02% YoY	$1.532B 52.05% YoY	$1.551B 46.6% YoY	$1.562B 44.41% YoY	$1.163B 8.39% YoY	$1.007B -7.6% YoY	$1.058B -6.07% YoY	$1.082B -4.82% YoY	$1.073B -3.32% YoY	$1.090B 54.74% YoY	$1.126B 47.74% YoY	$1.136B 63.07% YoY
Total Liabilities	$2.202B 1.23% YoY	$2.133B -1.95% YoY	$2.187B -1.0% YoY	$2.170B -2.61% YoY	$2.175B -6.4% YoY	$2.176B -6.44% YoY	$2.210B -3.3% YoY	$2.228B 22.27% YoY	$2.324B 45.33% YoY	$2.325B 48.82% YoY	$2.285B 42.74% YoY	$1.822B 12.46% YoY	$1.599B -0.89% YoY	$1.562B 0.9% YoY	$1.601B 2.4% YoY	$1.620B 7.97% YoY	$1.614B 37.68% YoY	$1.548B 30.21% YoY	$1.563B 44.09% YoY
SHAREHOLDERS EQUITY
Retained Earnings	$2.365B 73.79% YoY	$2.382B 70.26% YoY	$1.664B 31.54% YoY	$1.476B 22.95% YoY	$1.361B 29.5% YoY	$1.399B 36.41% YoY	$1.265B 564.84% YoY	$1.201B 576.78% YoY	$1.051B 408.22% YoY	$1.026B 540.54% YoY	$190.3M 66.49% YoY	$177.4M 343.5% YoY	$206.8M -388.83% YoY	$160.1M -585.15% YoY	$114.3M -288.3% YoY	$40.00M N/A	-$71.60M -98.59% YoY	-$33.00M -99.21% YoY	-$60.70M -98.52% YoY
Common Stock	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Preferred Stock	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Treasury Stock (at cost)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$200.0K N/A	N/A	$0.00 -100.0% YoY	$0.00 -100.0% YoY
Treasury Stock Shares	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	3.000K shares -99.95% YoY	N/A
Shareholders Equity	$3.161B 43.24% YoY	$3.170B 41.59% YoY	$2.448B 15.74% YoY	$2.330B 7.02% YoY	$2.207B 9.21% YoY	$2.239B 12.62% YoY	$2.115B 78.64% YoY	$2.177B 73.57% YoY	$2.021B 50.58% YoY	$1.988B 54.09% YoY	$1.184B -2.51% YoY	$1.254B 10.23% YoY	$1.342B 31.24% YoY	$1.290B 21.91% YoY	$1.214B 17.15% YoY	$1.138B 3.81% YoY	$1.023B -70.47% YoY	$1.058B -75.81% YoY	$1.037B -77.06% YoY
Total Liabilities & Shareholders Equity	$5.364B 22.27% YoY	$5.305B 20.02% YoY	$4.638B 7.03% YoY	$4.503B 1.99% YoY	$4.387B 0.74% YoY	$4.420B 2.26% YoY	$4.333B 24.35% YoY	$4.416B 42.97% YoY	$4.354B 47.55% YoY	$4.322B 51.11% YoY	$3.485B 23.53% YoY	$3.088B 11.87% YoY	$2.951B 11.89% YoY	$2.860B 9.62% YoY	$2.821B 8.4% YoY	$2.761B 6.36% YoY	$2.638B -77.92% YoY	$2.609B -79.73% YoY	$2.603B -79.84% YoY