Loading NEXT…
Loading financial statements…
Import this data to Google Sheets with:
=jivedata("NEXT","financials")Full statements spill as a table. For one cell: =jivedata("NEXT","Revenue") or =jivedata("NEXT","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.
NEXT • CIK 0001612720
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Revenues | $0 | $0 | $0 | $0 |
| Operating Income (Loss) | $-122,668 | $-171,075 | $-225,931 | $-227,434 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $-221,640 | $277,447 | $-429,637 | $-369,000 |
| Net Income (Loss) Attributable to Noncontrolling Interest | $-59,379 | $339,198 | $-123,203 | $-10,406 |
| Dividends, Preferred Stock | $20,484 | $0 | $0 | $0 |
| Net Income (Loss) Available to Common Stockholders, Basic | $-182,745 | $-61,751 | $-306,434 | $-358,594 |
| Weighted Average Number of Shares Outstanding, Basic | 194,595,000 | 258,535,000 | 262,164,000 | 266,494,000 |
| General and Administrative Expense | $111,468 | $150,109 | $202,285 | $168,170 |
| Research and Development Expense | $4,891 | $8,260 | $8,006 | $11,444 |
| Depreciation, Depletion and Amortization, Nonproduction | — | — | $12,122 | $14,277 |
| Other General Expense | — | — | $3,518 | $0 |
| Operating Expenses | $122,668 | $171,075 | $225,931 | $227,434 |
| Gain (Loss) on Derivative Instruments, Net, Pretax | $-44,803 | $586,541 | $-11,006 | $186,502 |
| InterestExpenseNonoperating | — | $87,539 | $170,011 | $283,997 |
| Gain (Loss) on Extinguishment of Debt | $-9,531 | $-49,314 | $-30,138 | $-53,429 |
| Other Nonoperating Income (Expense) | $7,526 | $-1,166 | $7,449 | $9,358 |
| Nonoperating Income (Expense) | $-98,972 | $448,522 | $-203,706 | $-141,566 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | $38,241 | $148,137 | $143,782 | $83,678 |
| Restricted Cash, Current | $256,237 | $244,625 | $563,306 | $415,891 |
| Property, Plant and Equipment, Net | $2,437,733 | $5,020,003 | $10,568,311 | $13,080,147 |
| Prepaid Expense and Other Assets, Current | $2,089 | $2,943 | $10,961 | $120,234 |
| Operating Lease, Right-of-Use Asset | $170,827 | $166,082 | $162,493 | $136,793 |
| Assets, Current | $314,525 | $412,572 | $718,049 | $631,906 |
| Debt Issuance Costs, Noncurrent, Net | $389,695 | $317,788 | $423,076 | $376,088 |
| Derivative Asset, Noncurrent | — | $472,057 | $532,245 | $479,177 |
| Other Assets, Noncurrent | $11,021 | $15,557 | $21,654 | $67,031 |
| Assets | $3,323,801 | $6,404,059 | $12,425,828 | $15,205,221 |
| Long-term Debt, Excluding Current Maturities | $1,816,301 | $3,920,425 | $8,510,925 | $10,416,607 |
| Operating Lease, Liability, Noncurrent | $145,962 | $144,164 | $142,266 | $118,932 |
| Derivative Liability, Noncurrent | $66,899 | $0 | $135,520 | $160,574 |
| Liabilities | $2,583,367 | $4,659,673 | $10,124,741 | $12,388,619 |
| Accounts Payable, Current | $243,129 | $244,642 | $443,947 | $327,168 |
| Operating Lease, Liability, Current | $3,143 | $2,881 | $3,883 | $1,633 |
| Accrued Liabilities, Current | $299,264 | $347,561 | $888,200 | $1,363,705 |
| Liabilities, Current | $552,387 | $595,084 | $1,336,030 | $1,692,506 |
| Common Stock, Value, Outstanding | $26 | $26 | $26 | $27 |
| Treasury Stock, Value | $14,214 | $20,916 | $37,862 | $37,880 |
| Preferred Stock, Value, Outstanding | — | $0 | $0 | $0 |
| Additional Paid in Capital | $693,883 | $852,054 | $893,131 | $942,362 |
| Retained Earnings (Accumulated Deficit) | $-391,772 | $-453,523 | $-759,957 | $-961,789 |
| Stockholders' Equity Attributable to Parent | $287,923 | $377,641 | $95,338 | $-57,280 |
| Stockholders' Equity Attributable to Noncontrolling Interest | $452,511 | $1,366,745 | $2,205,749 | $2,873,882 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $740,434 | $1,744,386 | $2,301,087 | $2,816,602 |
| Common Stock, Shares Authorized | 480,000,000 | 480,000,000 | — | 480,000,000 |
| Common Stock, Shares, Issued | 256,500,000 | 260,200,000 | — | 265,100,000 |
| Treasury Stock, Common, Shares | 2,200,000 | 3,100,000 | — | 4,900,000 |
| Preferred Stock, Shares Authorized | 500,000 | 500,000 | — | 500,000 |
| Preferred Stock, Shares Issued | 0 | 0 | — | 0 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent | — | $277,447 | $-429,637 | $-379,449 |
| Net Cash Provided by (Used in) Operating Activities | $-73,620 | $-95,585 | $-169,397 | $-224,691 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $231,689 | $98,284 | $314,326 | $42,530 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $294,478 | $392,762 | $707,088 | $786,004 |
| Depreciation | $168 | $1,931 | $1,785 | $1,550 |
| Payments to Acquire Property, Plant, and Equipment | $1,737,636 | $2,567,801 | $4,846,807 | $5,502,567 |
| Share-based Payment Arrangement, Noncash Expense | $26,553 | $19,907 | $39,211 | $36,174 |
| Gain (Loss) on Derivative Instruments, Net, Pretax | $-44,803 | $586,541 | $-11,006 | $186,502 |
| Net Cash Provided by (Used in) Investing Activities | $-1,752,800 | $-2,574,205 | $-4,852,904 | $-5,524,959 |
| Operating Lease, Right-of-Use Asset, Amortization Expense | $2,980 | $4,745 | $10,337 | $6,798 |
| Gain (Loss) on Extinguishment of Debt | $-9,531 | $-49,314 | $-30,138 | $-53,429 |
| Paid-in-Kind Interest | $26,432 | — | $25,851 | $72,391 |
| Increase (Decrease) in Other Operating Assets and Liabilities, Net | — | $-593 | $-3,354 | $-3,709 |
| Increase (Decrease) in Prepaid Expense and Other Assets | $940 | $854 | $3,951 | $358 |
| Proceeds from Issuance of Debt | $2,083,000 | $3,523,243 | $4,701,000 | $5,817,000 |
| Increase (Decrease) in Accounts Payable | $4,057 | $-2,222 | $2,170 | $146 |
| Proceeds from Noncontrolling Interests | — | $676,000 | $981,667 | $1,328,959 |
| IncreaseDecreaseInOperatingLeaseLiability | $-179 | $-2,060 | $-7,639 | $-5,532 |
| Proceeds from Issuance of Common Stock | $254,400 | $0 | $0 | $0 |
| Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities | $-7,080 | $25,255 | $46,241 | $37,549 |
| Repayments of Debt | $233,000 | $1,338,243 | $0 | $0 |
| Payment of Financing and Stock Issuance Costs | $494,270 | $72,801 | $313,483 | $325,898 |
| Payments of Ordinary Dividends, Preferred Stock and Preference Stock | $53 | $0 | $0 | $0 |
| Payments for Repurchase of Common Stock | $9,627 | $6,702 | $16,946 | $16,873 |
| Net Cash Provided by (Used in) Financing Activities | $2,058,109 | $2,768,074 | $5,336,627 | $5,792,180 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $23,365 | $3,557 | $30,087 | $77,337 |
| Dividends, Preferred Stock, Paid-in-kind | $20,431 | $0 | $0 | $0 |