What changed: r3 to r4
Added conditional funding balances, scheduled principal, restricted-cash separation and dated share/minority claims. Corrected Abernathy: disposed effective July 6, with three contractual installments, rather than an unclosed sale. Collection/fee assumptions are distinct from reported cash. Preserved operating forecasts; project guarantees, early convert settlements, outside-owner puts and future financing remain limitations.
Retrieval clocks and internal hashes are excluded. Changed source or accounting definitions are not automatically an economic restatement. The authored reason describes the destination revision.
| Field | Before | After |
|---|---|---|
| /estimates/basis | Desk base scenario from the operating model; not consensus. | Desk base scenario from the operating model; not consensus. Revenue basis: Revenue ($M). |
| /estimates/rows/2026Q3/as_of | 2026-09-19 | 2026-09-20 |
| /estimates/rows/2026Q3/basis | Desk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance. | Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2026Q4/as_of | 2026-09-19 | 2026-09-20 |
| /estimates/rows/2026Q4/basis | Desk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance. | Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2027Q1/as_of | 2026-09-19 | 2026-09-20 |
| /estimates/rows/2027Q1/basis | Desk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance. | Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2027Q2/as_of | 2026-09-19 | 2026-09-20 |
| /estimates/rows/2027Q2/basis | Desk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance. | Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /meta/as_of | 2026-09-19 | 2026-09-20 |
| /meta/research_reviewed_at | 2026-09-19 | 2026-09-20 |
| /meta/revision | 3 | 4 |
| /operating_model/cells/abernathy_due_2026q3:shared/basis | None | Note 11: $250M within 14 days of July 6; $150M by December 31, 2026; approximately $130M by April 30, 2027 subject to adjustment. Schedule is not evidence of cash receipt. |
| /operating_model/cells/abernathy_due_2026q3:shared/case | None | shared |
| /operating_model/cells/abernathy_due_2026q3:shared/id | None | abernathy_due_2026q3 |
| /operating_model/cells/abernathy_due_2026q3:shared/kind | None | reported |
| /operating_model/cells/abernathy_due_2026q3:shared/label | None | Abernathy contractual installment due |
| /operating_model/cells/abernathy_due_2026q3:shared/period | None | 2026Q3 |
| /operating_model/cells/abernathy_due_2026q3:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/abernathy_due_2026q3:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/abernathy_due_2026q3:shared/unit | None | USD_millions |
| /operating_model/cells/abernathy_due_2026q3:shared/value | None | 250.0 |
| /operating_model/cells/abernathy_due_2026q4:shared/basis | None | Note 11: $250M within 14 days of July 6; $150M by December 31, 2026; approximately $130M by April 30, 2027 subject to adjustment. Schedule is not evidence of cash receipt. |
| /operating_model/cells/abernathy_due_2026q4:shared/case | None | shared |
| /operating_model/cells/abernathy_due_2026q4:shared/id | None | abernathy_due_2026q4 |
| /operating_model/cells/abernathy_due_2026q4:shared/kind | None | reported |
| /operating_model/cells/abernathy_due_2026q4:shared/label | None | Abernathy contractual installment due |
| /operating_model/cells/abernathy_due_2026q4:shared/period | None | 2026Q4 |
| /operating_model/cells/abernathy_due_2026q4:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/abernathy_due_2026q4:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/abernathy_due_2026q4:shared/unit | None | USD_millions |
| /operating_model/cells/abernathy_due_2026q4:shared/value | None | 150.0 |
| /operating_model/cells/abernathy_due_2027q2:shared/basis | None | Note 11: $250M within 14 days of July 6; $150M by December 31, 2026; approximately $130M by April 30, 2027 subject to adjustment. Schedule is not evidence of cash receipt. |
| /operating_model/cells/abernathy_due_2027q2:shared/case | None | shared |
| /operating_model/cells/abernathy_due_2027q2:shared/id | None | abernathy_due_2027q2 |
| /operating_model/cells/abernathy_due_2027q2:shared/kind | None | reported |
| /operating_model/cells/abernathy_due_2027q2:shared/label | None | Abernathy contractual installment due |
| /operating_model/cells/abernathy_due_2027q2:shared/period | None | 2027Q2 |
| /operating_model/cells/abernathy_due_2027q2:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/abernathy_due_2027q2:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/abernathy_due_2027q2:shared/unit | None | USD_millions |
| /operating_model/cells/abernathy_due_2027q2:shared/value | None | 130.0 |
| /operating_model/cells/abernathy_expected_proceeds:shared/basis | None | 10-Q Note 11: sale effective July 6, 2026; ownership disposed. Approximately $530M payable in three installments, not one closing cash payment. |
| /operating_model/cells/abernathy_expected_proceeds:shared/case | None | shared |
| /operating_model/cells/abernathy_expected_proceeds:shared/id | None | abernathy_expected_proceeds |
| /operating_model/cells/abernathy_expected_proceeds:shared/kind | None | reported |
| /operating_model/cells/abernathy_expected_proceeds:shared/label | None | Effective July 6 sale: total consideration |
| /operating_model/cells/abernathy_expected_proceeds:shared/period | None | July 6 effective sale |
| /operating_model/cells/abernathy_expected_proceeds:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/abernathy_expected_proceeds:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/abernathy_expected_proceeds:shared/unit | None | USD_millions |
| /operating_model/cells/abernathy_expected_proceeds:shared/value | None | 530.0 |
| /operating_model/cells/abernathy_fee_fraction:shared/basis | None | Desk 2% reserve against collected consideration for costs/taxes; not reported transaction expenses. Actual cash costs remain to be confirmed. |
| /operating_model/cells/abernathy_fee_fraction:shared/case | None | shared |
| /operating_model/cells/abernathy_fee_fraction:shared/id | None | abernathy_fee_fraction |
| /operating_model/cells/abernathy_fee_fraction:shared/kind | None | assumption |
| /operating_model/cells/abernathy_fee_fraction:shared/label | None | Assumed sale cash costs fraction |
| /operating_model/cells/abernathy_fee_fraction:shared/period | None | Sale collection |
| /operating_model/cells/abernathy_fee_fraction:shared/unit | None | ratio |
| /operating_model/cells/abernathy_fee_fraction:shared/value | None | 0.02 |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/basis | None | Contractual due amount times explicit collection assumption; divestiture effective July 6, not recurring operating revenue. |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/case | None | base |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/formula/refs/0 | None | abernathy_due_2026q3 |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/formula/refs/1 | None | base_2026q3_sale_receipt_fraction |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/id | None | base_2026q3_asset_sale_cash |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/kind | None | derived |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/label | None | Modeled installment cash collection |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_asset_sale_cash:base/value | None | 250.0 |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/basis | None | Modeled cash collection times the desk cost reserve; not a reported cost. |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/case | None | base |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/formula/refs/0 | None | base_2026q3_asset_sale_cash |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/formula/refs/1 | None | abernathy_fee_fraction |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/id | None | base_2026q3_asset_sale_fees |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/kind | None | derived |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/label | None | Assumed cash cost of sale collection |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_asset_sale_fees:base/value | None | 5.0 |
| /operating_model/cells/base_2026q3_cash_with_funding:base/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/base_2026q3_cash_with_funding:base/case | None | base |
| /operating_model/cells/base_2026q3_cash_with_funding:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_cash_with_funding:base/formula/refs/0 | None | base_2026q3_cash_after_capex |
| /operating_model/cells/base_2026q3_cash_with_funding:base/formula/refs/1 | None | base_2026q3_funding_sources |
| /operating_model/cells/base_2026q3_cash_with_funding:base/id | None | base_2026q3_cash_with_funding |
| /operating_model/cells/base_2026q3_cash_with_funding:base/kind | None | derived |
| /operating_model/cells/base_2026q3_cash_with_funding:base/label | None | Operating cash after capex plus funding |
| /operating_model/cells/base_2026q3_cash_with_funding:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_cash_with_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_cash_with_funding:base/value | None | -523.2165 |
| /operating_model/cells/base_2026q3_external_net_funding:base/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/base_2026q3_external_net_funding:base/case | None | base |
| /operating_model/cells/base_2026q3_external_net_funding:base/id | None | base_2026q3_external_net_funding |
| /operating_model/cells/base_2026q3_external_net_funding:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_external_net_funding:base/label | None | Additional net financing assumed |
| /operating_model/cells/base_2026q3_external_net_funding:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_external_net_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_external_net_funding:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_funding_balance:base/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/base_2026q3_funding_balance:base/case | None | base |
| /operating_model/cells/base_2026q3_funding_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_funding_balance:base/formula/refs/0 | None | h1_cash |
| /operating_model/cells/base_2026q3_funding_balance:base/formula/refs/1 | None | base_2026q3_funding_change |
| /operating_model/cells/base_2026q3_funding_balance:base/id | None | base_2026q3_funding_balance |
| /operating_model/cells/base_2026q3_funding_balance:base/kind | None | derived |
| /operating_model/cells/base_2026q3_funding_balance:base/label | None | Funding balance under stated assumptions |
| /operating_model/cells/base_2026q3_funding_balance:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_funding_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_funding_balance:base/value | None | 2090.9745 |
| /operating_model/cells/base_2026q3_funding_change:base/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/base_2026q3_funding_change:base/case | None | base |
| /operating_model/cells/base_2026q3_funding_change:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_funding_change:base/formula/refs/0 | None | base_2026q3_cash_with_funding |
| /operating_model/cells/base_2026q3_funding_change:base/formula/refs/1 | None | base_2026q3_funding_uses |
| /operating_model/cells/base_2026q3_funding_change:base/id | None | base_2026q3_funding_change |
| /operating_model/cells/base_2026q3_funding_change:base/kind | None | derived |
| /operating_model/cells/base_2026q3_funding_change:base/label | None | Net modeled funding change |
| /operating_model/cells/base_2026q3_funding_change:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_funding_change:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_funding_change:base/value | None | -528.2165 |
| /operating_model/cells/base_2026q3_funding_sources:base/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/base_2026q3_funding_sources:base/case | None | base |
| /operating_model/cells/base_2026q3_funding_sources:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_funding_sources:base/formula/refs/0 | None | base_2026q3_restricted_release |
| /operating_model/cells/base_2026q3_funding_sources:base/formula/refs/1 | None | base_2026q3_external_net_funding |
| /operating_model/cells/base_2026q3_funding_sources:base/formula/refs/2 | None | base_2026q3_asset_sale_cash |
| /operating_model/cells/base_2026q3_funding_sources:base/id | None | base_2026q3_funding_sources |
| /operating_model/cells/base_2026q3_funding_sources:base/kind | None | derived |
| /operating_model/cells/base_2026q3_funding_sources:base/label | None | Funding inflows outside operating model |
| /operating_model/cells/base_2026q3_funding_sources:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_funding_sources:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_funding_sources:base/value | None | 250.0 |
| /operating_model/cells/base_2026q3_funding_uses:base/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/base_2026q3_funding_uses:base/case | None | base |
| /operating_model/cells/base_2026q3_funding_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2026q3_funding_uses:base/formula/refs/0 | None | base_2026q3_principal_cash |
| /operating_model/cells/base_2026q3_funding_uses:base/formula/refs/1 | None | base_2026q3_other_funding_uses |
| /operating_model/cells/base_2026q3_funding_uses:base/formula/refs/2 | None | base_2026q3_asset_sale_fees |
| /operating_model/cells/base_2026q3_funding_uses:base/id | None | base_2026q3_funding_uses |
| /operating_model/cells/base_2026q3_funding_uses:base/kind | None | derived |
| /operating_model/cells/base_2026q3_funding_uses:base/label | None | Cash uses outside operating model |
| /operating_model/cells/base_2026q3_funding_uses:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_funding_uses:base/value | None | 5.0 |
| /operating_model/cells/base_2026q3_other_funding_uses:base/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/base_2026q3_other_funding_uses:base/case | None | base |
| /operating_model/cells/base_2026q3_other_funding_uses:base/id | None | base_2026q3_other_funding_uses |
| /operating_model/cells/base_2026q3_other_funding_uses:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_other_funding_uses:base/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/base_2026q3_other_funding_uses:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_other_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_other_funding_uses:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_principal_cash:base/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/base_2026q3_principal_cash:base/case | None | base |
| /operating_model/cells/base_2026q3_principal_cash:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q3_principal_cash:base/formula/refs/0 | None | scheduled_h2_principal |
| /operating_model/cells/base_2026q3_principal_cash:base/formula/refs/1 | None | base_2026q3_principal_weight |
| /operating_model/cells/base_2026q3_principal_cash:base/id | None | base_2026q3_principal_cash |
| /operating_model/cells/base_2026q3_principal_cash:base/kind | None | derived |
| /operating_model/cells/base_2026q3_principal_cash:base/label | None | Scheduled principal cash use |
| /operating_model/cells/base_2026q3_principal_cash:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_principal_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_principal_cash:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_principal_weight:base/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/base_2026q3_principal_weight:base/case | None | base |
| /operating_model/cells/base_2026q3_principal_weight:base/id | None | base_2026q3_principal_weight |
| /operating_model/cells/base_2026q3_principal_weight:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_principal_weight:base/label | None | Share of dated annual principal schedule |
| /operating_model/cells/base_2026q3_principal_weight:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_principal_weight:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_principal_weight:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_restricted_release:base/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/base_2026q3_restricted_release:base/case | None | base |
| /operating_model/cells/base_2026q3_restricted_release:base/id | None | base_2026q3_restricted_release |
| /operating_model/cells/base_2026q3_restricted_release:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_restricted_release:base/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/base_2026q3_restricted_release:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_restricted_release:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_restricted_release:base/value | None | 0.0 |
| /operating_model/cells/base_2026q3_restricted_remaining:base/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/base_2026q3_restricted_remaining:base/case | None | base |
| /operating_model/cells/base_2026q3_restricted_remaining:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q3_restricted_remaining:base/formula/refs/0 | None | h1_restricted_cash |
| /operating_model/cells/base_2026q3_restricted_remaining:base/formula/refs/1 | None | base_2026q3_restricted_release |
| /operating_model/cells/base_2026q3_restricted_remaining:base/id | None | base_2026q3_restricted_remaining |
| /operating_model/cells/base_2026q3_restricted_remaining:base/kind | None | derived |
| /operating_model/cells/base_2026q3_restricted_remaining:base/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/base_2026q3_restricted_remaining:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_restricted_remaining:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q3_restricted_remaining:base/value | None | 409.417 |
| /operating_model/cells/base_2026q3_sale_receipt_fraction:base/basis | None | Base/upside collect the contractual installment in its due quarter; downside collects half without an assumed catch-up. Collection timing and final adjustments are uncertain; these are forward assumptions, not verified bank receipts. |
| /operating_model/cells/base_2026q3_sale_receipt_fraction:base/case | None | base |
| /operating_model/cells/base_2026q3_sale_receipt_fraction:base/id | None | base_2026q3_sale_receipt_fraction |
| /operating_model/cells/base_2026q3_sale_receipt_fraction:base/kind | None | assumption |
| /operating_model/cells/base_2026q3_sale_receipt_fraction:base/label | None | Assumed collection of scheduled installment |
| /operating_model/cells/base_2026q3_sale_receipt_fraction:base/period | None | 2026Q3 |
| /operating_model/cells/base_2026q3_sale_receipt_fraction:base/unit | None | ratio |
| /operating_model/cells/base_2026q3_sale_receipt_fraction:base/value | None | 1.0 |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/basis | None | Contractual due amount times explicit collection assumption; divestiture effective July 6, not recurring operating revenue. |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/case | None | base |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/formula/refs/0 | None | abernathy_due_2026q4 |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/formula/refs/1 | None | base_2026q4_sale_receipt_fraction |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/id | None | base_2026q4_asset_sale_cash |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/kind | None | derived |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/label | None | Modeled installment cash collection |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_asset_sale_cash:base/value | None | 150.0 |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/basis | None | Modeled cash collection times the desk cost reserve; not a reported cost. |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/case | None | base |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/formula/refs/0 | None | base_2026q4_asset_sale_cash |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/formula/refs/1 | None | abernathy_fee_fraction |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/id | None | base_2026q4_asset_sale_fees |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/kind | None | derived |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/label | None | Assumed cash cost of sale collection |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_asset_sale_fees:base/value | None | 3.0 |
| /operating_model/cells/base_2026q4_cash_with_funding:base/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/base_2026q4_cash_with_funding:base/case | None | base |
| /operating_model/cells/base_2026q4_cash_with_funding:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_cash_with_funding:base/formula/refs/0 | None | base_2026q4_cash_after_capex |
| /operating_model/cells/base_2026q4_cash_with_funding:base/formula/refs/1 | None | base_2026q4_funding_sources |
| /operating_model/cells/base_2026q4_cash_with_funding:base/id | None | base_2026q4_cash_with_funding |
| /operating_model/cells/base_2026q4_cash_with_funding:base/kind | None | derived |
| /operating_model/cells/base_2026q4_cash_with_funding:base/label | None | Operating cash after capex plus funding |
| /operating_model/cells/base_2026q4_cash_with_funding:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_cash_with_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_cash_with_funding:base/value | None | -584.9732 |
| /operating_model/cells/base_2026q4_external_net_funding:base/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/base_2026q4_external_net_funding:base/case | None | base |
| /operating_model/cells/base_2026q4_external_net_funding:base/id | None | base_2026q4_external_net_funding |
| /operating_model/cells/base_2026q4_external_net_funding:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_external_net_funding:base/label | None | Additional net financing assumed |
| /operating_model/cells/base_2026q4_external_net_funding:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_external_net_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_external_net_funding:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_funding_balance:base/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/base_2026q4_funding_balance:base/case | None | base |
| /operating_model/cells/base_2026q4_funding_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_funding_balance:base/formula/refs/0 | None | base_2026q3_funding_balance |
| /operating_model/cells/base_2026q4_funding_balance:base/formula/refs/1 | None | base_2026q4_funding_change |
| /operating_model/cells/base_2026q4_funding_balance:base/id | None | base_2026q4_funding_balance |
| /operating_model/cells/base_2026q4_funding_balance:base/kind | None | derived |
| /operating_model/cells/base_2026q4_funding_balance:base/label | None | Funding balance under stated assumptions |
| /operating_model/cells/base_2026q4_funding_balance:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_funding_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_funding_balance:base/value | None | 1489.1512999999998 |
| /operating_model/cells/base_2026q4_funding_change:base/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/base_2026q4_funding_change:base/case | None | base |
| /operating_model/cells/base_2026q4_funding_change:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_funding_change:base/formula/refs/0 | None | base_2026q4_cash_with_funding |
| /operating_model/cells/base_2026q4_funding_change:base/formula/refs/1 | None | base_2026q4_funding_uses |
| /operating_model/cells/base_2026q4_funding_change:base/id | None | base_2026q4_funding_change |
| /operating_model/cells/base_2026q4_funding_change:base/kind | None | derived |
| /operating_model/cells/base_2026q4_funding_change:base/label | None | Net modeled funding change |
| /operating_model/cells/base_2026q4_funding_change:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_funding_change:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_funding_change:base/value | None | -601.8232 |
| /operating_model/cells/base_2026q4_funding_sources:base/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/base_2026q4_funding_sources:base/case | None | base |
| /operating_model/cells/base_2026q4_funding_sources:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_funding_sources:base/formula/refs/0 | None | base_2026q4_restricted_release |
| /operating_model/cells/base_2026q4_funding_sources:base/formula/refs/1 | None | base_2026q4_external_net_funding |
| /operating_model/cells/base_2026q4_funding_sources:base/formula/refs/2 | None | base_2026q4_asset_sale_cash |
| /operating_model/cells/base_2026q4_funding_sources:base/id | None | base_2026q4_funding_sources |
| /operating_model/cells/base_2026q4_funding_sources:base/kind | None | derived |
| /operating_model/cells/base_2026q4_funding_sources:base/label | None | Funding inflows outside operating model |
| /operating_model/cells/base_2026q4_funding_sources:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_funding_sources:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_funding_sources:base/value | None | 150.0 |
| /operating_model/cells/base_2026q4_funding_uses:base/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/base_2026q4_funding_uses:base/case | None | base |
| /operating_model/cells/base_2026q4_funding_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2026q4_funding_uses:base/formula/refs/0 | None | base_2026q4_principal_cash |
| /operating_model/cells/base_2026q4_funding_uses:base/formula/refs/1 | None | base_2026q4_other_funding_uses |
| /operating_model/cells/base_2026q4_funding_uses:base/formula/refs/2 | None | base_2026q4_asset_sale_fees |
| /operating_model/cells/base_2026q4_funding_uses:base/id | None | base_2026q4_funding_uses |
| /operating_model/cells/base_2026q4_funding_uses:base/kind | None | derived |
| /operating_model/cells/base_2026q4_funding_uses:base/label | None | Cash uses outside operating model |
| /operating_model/cells/base_2026q4_funding_uses:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_funding_uses:base/value | None | 16.85 |
| /operating_model/cells/base_2026q4_other_funding_uses:base/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/base_2026q4_other_funding_uses:base/case | None | base |
| /operating_model/cells/base_2026q4_other_funding_uses:base/id | None | base_2026q4_other_funding_uses |
| /operating_model/cells/base_2026q4_other_funding_uses:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_other_funding_uses:base/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/base_2026q4_other_funding_uses:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_other_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_other_funding_uses:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_principal_cash:base/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/base_2026q4_principal_cash:base/case | None | base |
| /operating_model/cells/base_2026q4_principal_cash:base/formula/op | None | multiply |
| /operating_model/cells/base_2026q4_principal_cash:base/formula/refs/0 | None | scheduled_h2_principal |
| /operating_model/cells/base_2026q4_principal_cash:base/formula/refs/1 | None | base_2026q4_principal_weight |
| /operating_model/cells/base_2026q4_principal_cash:base/id | None | base_2026q4_principal_cash |
| /operating_model/cells/base_2026q4_principal_cash:base/kind | None | derived |
| /operating_model/cells/base_2026q4_principal_cash:base/label | None | Scheduled principal cash use |
| /operating_model/cells/base_2026q4_principal_cash:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_principal_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_principal_cash:base/value | None | 13.85 |
| /operating_model/cells/base_2026q4_principal_weight:base/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/base_2026q4_principal_weight:base/case | None | base |
| /operating_model/cells/base_2026q4_principal_weight:base/id | None | base_2026q4_principal_weight |
| /operating_model/cells/base_2026q4_principal_weight:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_principal_weight:base/label | None | Share of dated annual principal schedule |
| /operating_model/cells/base_2026q4_principal_weight:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_principal_weight:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_principal_weight:base/value | None | 1.0 |
| /operating_model/cells/base_2026q4_restricted_release:base/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/base_2026q4_restricted_release:base/case | None | base |
| /operating_model/cells/base_2026q4_restricted_release:base/id | None | base_2026q4_restricted_release |
| /operating_model/cells/base_2026q4_restricted_release:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_restricted_release:base/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/base_2026q4_restricted_release:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_restricted_release:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_restricted_release:base/value | None | 0.0 |
| /operating_model/cells/base_2026q4_restricted_remaining:base/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/base_2026q4_restricted_remaining:base/case | None | base |
| /operating_model/cells/base_2026q4_restricted_remaining:base/formula/op | None | subtract |
| /operating_model/cells/base_2026q4_restricted_remaining:base/formula/refs/0 | None | base_2026q3_restricted_remaining |
| /operating_model/cells/base_2026q4_restricted_remaining:base/formula/refs/1 | None | base_2026q4_restricted_release |
| /operating_model/cells/base_2026q4_restricted_remaining:base/id | None | base_2026q4_restricted_remaining |
| /operating_model/cells/base_2026q4_restricted_remaining:base/kind | None | derived |
| /operating_model/cells/base_2026q4_restricted_remaining:base/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/base_2026q4_restricted_remaining:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_restricted_remaining:base/unit | None | USD_millions |
| /operating_model/cells/base_2026q4_restricted_remaining:base/value | None | 409.417 |
| /operating_model/cells/base_2026q4_sale_receipt_fraction:base/basis | None | Base/upside collect the contractual installment in its due quarter; downside collects half without an assumed catch-up. Collection timing and final adjustments are uncertain; these are forward assumptions, not verified bank receipts. |
| /operating_model/cells/base_2026q4_sale_receipt_fraction:base/case | None | base |
| /operating_model/cells/base_2026q4_sale_receipt_fraction:base/id | None | base_2026q4_sale_receipt_fraction |
| /operating_model/cells/base_2026q4_sale_receipt_fraction:base/kind | None | assumption |
| /operating_model/cells/base_2026q4_sale_receipt_fraction:base/label | None | Assumed collection of scheduled installment |
| /operating_model/cells/base_2026q4_sale_receipt_fraction:base/period | None | 2026Q4 |
| /operating_model/cells/base_2026q4_sale_receipt_fraction:base/unit | None | ratio |
| /operating_model/cells/base_2026q4_sale_receipt_fraction:base/value | None | 1.0 |
| /operating_model/cells/base_2027q1_asset_sale_cash:base/basis | None | No other asset sales assumed; no sale revenue is counted as recurring operating cash. |
| /operating_model/cells/base_2027q1_asset_sale_cash:base/case | None | base |
| /operating_model/cells/base_2027q1_asset_sale_cash:base/id | None | base_2027q1_asset_sale_cash |
| /operating_model/cells/base_2027q1_asset_sale_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_asset_sale_cash:base/label | None | Asset-sale cash assumed |
| /operating_model/cells/base_2027q1_asset_sale_cash:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_asset_sale_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_asset_sale_cash:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_cash_with_funding:base/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/base_2027q1_cash_with_funding:base/case | None | base |
| /operating_model/cells/base_2027q1_cash_with_funding:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_cash_with_funding:base/formula/refs/0 | None | base_2027q1_cash_after_capex |
| /operating_model/cells/base_2027q1_cash_with_funding:base/formula/refs/1 | None | base_2027q1_funding_sources |
| /operating_model/cells/base_2027q1_cash_with_funding:base/id | None | base_2027q1_cash_with_funding |
| /operating_model/cells/base_2027q1_cash_with_funding:base/kind | None | derived |
| /operating_model/cells/base_2027q1_cash_with_funding:base/label | None | Operating cash after capex plus funding |
| /operating_model/cells/base_2027q1_cash_with_funding:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_cash_with_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_cash_with_funding:base/value | None | -791.2299 |
| /operating_model/cells/base_2027q1_external_net_funding:base/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/base_2027q1_external_net_funding:base/case | None | base |
| /operating_model/cells/base_2027q1_external_net_funding:base/id | None | base_2027q1_external_net_funding |
| /operating_model/cells/base_2027q1_external_net_funding:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_external_net_funding:base/label | None | Additional net financing assumed |
| /operating_model/cells/base_2027q1_external_net_funding:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_external_net_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_external_net_funding:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_funding_balance:base/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/base_2027q1_funding_balance:base/case | None | base |
| /operating_model/cells/base_2027q1_funding_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_funding_balance:base/formula/refs/0 | None | base_2026q4_funding_balance |
| /operating_model/cells/base_2027q1_funding_balance:base/formula/refs/1 | None | base_2027q1_funding_change |
| /operating_model/cells/base_2027q1_funding_balance:base/id | None | base_2027q1_funding_balance |
| /operating_model/cells/base_2027q1_funding_balance:base/kind | None | derived |
| /operating_model/cells/base_2027q1_funding_balance:base/label | None | Funding balance under stated assumptions |
| /operating_model/cells/base_2027q1_funding_balance:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_funding_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_funding_balance:base/value | None | 697.9213999999997 |
| /operating_model/cells/base_2027q1_funding_change:base/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/base_2027q1_funding_change:base/case | None | base |
| /operating_model/cells/base_2027q1_funding_change:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_funding_change:base/formula/refs/0 | None | base_2027q1_cash_with_funding |
| /operating_model/cells/base_2027q1_funding_change:base/formula/refs/1 | None | base_2027q1_funding_uses |
| /operating_model/cells/base_2027q1_funding_change:base/id | None | base_2027q1_funding_change |
| /operating_model/cells/base_2027q1_funding_change:base/kind | None | derived |
| /operating_model/cells/base_2027q1_funding_change:base/label | None | Net modeled funding change |
| /operating_model/cells/base_2027q1_funding_change:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_funding_change:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_funding_change:base/value | None | -791.2299 |
| /operating_model/cells/base_2027q1_funding_sources:base/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/base_2027q1_funding_sources:base/case | None | base |
| /operating_model/cells/base_2027q1_funding_sources:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_funding_sources:base/formula/refs/0 | None | base_2027q1_restricted_release |
| /operating_model/cells/base_2027q1_funding_sources:base/formula/refs/1 | None | base_2027q1_external_net_funding |
| /operating_model/cells/base_2027q1_funding_sources:base/formula/refs/2 | None | base_2027q1_asset_sale_cash |
| /operating_model/cells/base_2027q1_funding_sources:base/id | None | base_2027q1_funding_sources |
| /operating_model/cells/base_2027q1_funding_sources:base/kind | None | derived |
| /operating_model/cells/base_2027q1_funding_sources:base/label | None | Funding inflows outside operating model |
| /operating_model/cells/base_2027q1_funding_sources:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_funding_sources:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_funding_sources:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_funding_uses:base/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/base_2027q1_funding_uses:base/case | None | base |
| /operating_model/cells/base_2027q1_funding_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2027q1_funding_uses:base/formula/refs/0 | None | base_2027q1_principal_cash |
| /operating_model/cells/base_2027q1_funding_uses:base/formula/refs/1 | None | base_2027q1_other_funding_uses |
| /operating_model/cells/base_2027q1_funding_uses:base/id | None | base_2027q1_funding_uses |
| /operating_model/cells/base_2027q1_funding_uses:base/kind | None | derived |
| /operating_model/cells/base_2027q1_funding_uses:base/label | None | Cash uses outside operating model |
| /operating_model/cells/base_2027q1_funding_uses:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_funding_uses:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_other_funding_uses:base/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/base_2027q1_other_funding_uses:base/case | None | base |
| /operating_model/cells/base_2027q1_other_funding_uses:base/id | None | base_2027q1_other_funding_uses |
| /operating_model/cells/base_2027q1_other_funding_uses:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_other_funding_uses:base/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/base_2027q1_other_funding_uses:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_other_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_other_funding_uses:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_principal_cash:base/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/base_2027q1_principal_cash:base/case | None | base |
| /operating_model/cells/base_2027q1_principal_cash:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q1_principal_cash:base/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/base_2027q1_principal_cash:base/formula/refs/1 | None | base_2027q1_principal_weight |
| /operating_model/cells/base_2027q1_principal_cash:base/id | None | base_2027q1_principal_cash |
| /operating_model/cells/base_2027q1_principal_cash:base/kind | None | derived |
| /operating_model/cells/base_2027q1_principal_cash:base/label | None | Scheduled principal cash use |
| /operating_model/cells/base_2027q1_principal_cash:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_principal_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_principal_cash:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_principal_weight:base/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/base_2027q1_principal_weight:base/case | None | base |
| /operating_model/cells/base_2027q1_principal_weight:base/id | None | base_2027q1_principal_weight |
| /operating_model/cells/base_2027q1_principal_weight:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_principal_weight:base/label | None | Share of dated annual principal schedule |
| /operating_model/cells/base_2027q1_principal_weight:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_principal_weight:base/unit | None | ratio |
| /operating_model/cells/base_2027q1_principal_weight:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_restricted_release:base/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/base_2027q1_restricted_release:base/case | None | base |
| /operating_model/cells/base_2027q1_restricted_release:base/id | None | base_2027q1_restricted_release |
| /operating_model/cells/base_2027q1_restricted_release:base/kind | None | assumption |
| /operating_model/cells/base_2027q1_restricted_release:base/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/base_2027q1_restricted_release:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_restricted_release:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_restricted_release:base/value | None | 0.0 |
| /operating_model/cells/base_2027q1_restricted_remaining:base/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/base_2027q1_restricted_remaining:base/case | None | base |
| /operating_model/cells/base_2027q1_restricted_remaining:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q1_restricted_remaining:base/formula/refs/0 | None | base_2026q4_restricted_remaining |
| /operating_model/cells/base_2027q1_restricted_remaining:base/formula/refs/1 | None | base_2027q1_restricted_release |
| /operating_model/cells/base_2027q1_restricted_remaining:base/id | None | base_2027q1_restricted_remaining |
| /operating_model/cells/base_2027q1_restricted_remaining:base/kind | None | derived |
| /operating_model/cells/base_2027q1_restricted_remaining:base/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/base_2027q1_restricted_remaining:base/period | None | 2027Q1 |
| /operating_model/cells/base_2027q1_restricted_remaining:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q1_restricted_remaining:base/value | None | 409.417 |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/basis | None | Contractual due amount times explicit collection assumption; divestiture effective July 6, not recurring operating revenue. |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/case | None | base |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/formula/refs/0 | None | abernathy_due_2027q2 |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/formula/refs/1 | None | base_2027q2_sale_receipt_fraction |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/id | None | base_2027q2_asset_sale_cash |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/kind | None | derived |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/label | None | Modeled installment cash collection |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_asset_sale_cash:base/value | None | 130.0 |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/basis | None | Modeled cash collection times the desk cost reserve; not a reported cost. |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/case | None | base |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/formula/refs/0 | None | base_2027q2_asset_sale_cash |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/formula/refs/1 | None | abernathy_fee_fraction |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/id | None | base_2027q2_asset_sale_fees |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/kind | None | derived |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/label | None | Assumed cash cost of sale collection |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_asset_sale_fees:base/value | None | 2.6 |
| /operating_model/cells/base_2027q2_cash_with_funding:base/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/base_2027q2_cash_with_funding:base/case | None | base |
| /operating_model/cells/base_2027q2_cash_with_funding:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_cash_with_funding:base/formula/refs/0 | None | base_2027q2_cash_after_capex |
| /operating_model/cells/base_2027q2_cash_with_funding:base/formula/refs/1 | None | base_2027q2_funding_sources |
| /operating_model/cells/base_2027q2_cash_with_funding:base/id | None | base_2027q2_cash_with_funding |
| /operating_model/cells/base_2027q2_cash_with_funding:base/kind | None | derived |
| /operating_model/cells/base_2027q2_cash_with_funding:base/label | None | Operating cash after capex plus funding |
| /operating_model/cells/base_2027q2_cash_with_funding:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_cash_with_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_cash_with_funding:base/value | None | -723.2366 |
| /operating_model/cells/base_2027q2_external_net_funding:base/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/base_2027q2_external_net_funding:base/case | None | base |
| /operating_model/cells/base_2027q2_external_net_funding:base/id | None | base_2027q2_external_net_funding |
| /operating_model/cells/base_2027q2_external_net_funding:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_external_net_funding:base/label | None | Additional net financing assumed |
| /operating_model/cells/base_2027q2_external_net_funding:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_external_net_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_external_net_funding:base/value | None | 0.0 |
| /operating_model/cells/base_2027q2_funding_balance:base/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/base_2027q2_funding_balance:base/case | None | base |
| /operating_model/cells/base_2027q2_funding_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_funding_balance:base/formula/refs/0 | None | base_2027q1_funding_balance |
| /operating_model/cells/base_2027q2_funding_balance:base/formula/refs/1 | None | base_2027q2_funding_change |
| /operating_model/cells/base_2027q2_funding_balance:base/id | None | base_2027q2_funding_balance |
| /operating_model/cells/base_2027q2_funding_balance:base/kind | None | derived |
| /operating_model/cells/base_2027q2_funding_balance:base/label | None | Funding balance under stated assumptions |
| /operating_model/cells/base_2027q2_funding_balance:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_funding_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_funding_balance:base/value | None | -139.3602000000002 |
| /operating_model/cells/base_2027q2_funding_change:base/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/base_2027q2_funding_change:base/case | None | base |
| /operating_model/cells/base_2027q2_funding_change:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_funding_change:base/formula/refs/0 | None | base_2027q2_cash_with_funding |
| /operating_model/cells/base_2027q2_funding_change:base/formula/refs/1 | None | base_2027q2_funding_uses |
| /operating_model/cells/base_2027q2_funding_change:base/id | None | base_2027q2_funding_change |
| /operating_model/cells/base_2027q2_funding_change:base/kind | None | derived |
| /operating_model/cells/base_2027q2_funding_change:base/label | None | Net modeled funding change |
| /operating_model/cells/base_2027q2_funding_change:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_funding_change:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_funding_change:base/value | None | -837.2815999999999 |
| /operating_model/cells/base_2027q2_funding_sources:base/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/base_2027q2_funding_sources:base/case | None | base |
| /operating_model/cells/base_2027q2_funding_sources:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_funding_sources:base/formula/refs/0 | None | base_2027q2_restricted_release |
| /operating_model/cells/base_2027q2_funding_sources:base/formula/refs/1 | None | base_2027q2_external_net_funding |
| /operating_model/cells/base_2027q2_funding_sources:base/formula/refs/2 | None | base_2027q2_asset_sale_cash |
| /operating_model/cells/base_2027q2_funding_sources:base/id | None | base_2027q2_funding_sources |
| /operating_model/cells/base_2027q2_funding_sources:base/kind | None | derived |
| /operating_model/cells/base_2027q2_funding_sources:base/label | None | Funding inflows outside operating model |
| /operating_model/cells/base_2027q2_funding_sources:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_funding_sources:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_funding_sources:base/value | None | 130.0 |
| /operating_model/cells/base_2027q2_funding_uses:base/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/base_2027q2_funding_uses:base/case | None | base |
| /operating_model/cells/base_2027q2_funding_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2027q2_funding_uses:base/formula/refs/0 | None | base_2027q2_principal_cash |
| /operating_model/cells/base_2027q2_funding_uses:base/formula/refs/1 | None | base_2027q2_other_funding_uses |
| /operating_model/cells/base_2027q2_funding_uses:base/formula/refs/2 | None | base_2027q2_asset_sale_fees |
| /operating_model/cells/base_2027q2_funding_uses:base/id | None | base_2027q2_funding_uses |
| /operating_model/cells/base_2027q2_funding_uses:base/kind | None | derived |
| /operating_model/cells/base_2027q2_funding_uses:base/label | None | Cash uses outside operating model |
| /operating_model/cells/base_2027q2_funding_uses:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_funding_uses:base/value | None | 114.04499999999999 |
| /operating_model/cells/base_2027q2_other_funding_uses:base/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/base_2027q2_other_funding_uses:base/case | None | base |
| /operating_model/cells/base_2027q2_other_funding_uses:base/id | None | base_2027q2_other_funding_uses |
| /operating_model/cells/base_2027q2_other_funding_uses:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_other_funding_uses:base/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/base_2027q2_other_funding_uses:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_other_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_other_funding_uses:base/value | None | 0.0 |
| /operating_model/cells/base_2027q2_principal_cash:base/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/base_2027q2_principal_cash:base/case | None | base |
| /operating_model/cells/base_2027q2_principal_cash:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q2_principal_cash:base/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/base_2027q2_principal_cash:base/formula/refs/1 | None | base_2027q2_principal_weight |
| /operating_model/cells/base_2027q2_principal_cash:base/id | None | base_2027q2_principal_cash |
| /operating_model/cells/base_2027q2_principal_cash:base/kind | None | derived |
| /operating_model/cells/base_2027q2_principal_cash:base/label | None | Scheduled principal cash use |
| /operating_model/cells/base_2027q2_principal_cash:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_principal_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_principal_cash:base/value | None | 111.445 |
| /operating_model/cells/base_2027q2_principal_weight:base/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/base_2027q2_principal_weight:base/case | None | base |
| /operating_model/cells/base_2027q2_principal_weight:base/id | None | base_2027q2_principal_weight |
| /operating_model/cells/base_2027q2_principal_weight:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_principal_weight:base/label | None | Share of dated annual principal schedule |
| /operating_model/cells/base_2027q2_principal_weight:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_principal_weight:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_principal_weight:base/value | None | 0.5 |
| /operating_model/cells/base_2027q2_restricted_release:base/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/base_2027q2_restricted_release:base/case | None | base |
| /operating_model/cells/base_2027q2_restricted_release:base/id | None | base_2027q2_restricted_release |
| /operating_model/cells/base_2027q2_restricted_release:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_restricted_release:base/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/base_2027q2_restricted_release:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_restricted_release:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_restricted_release:base/value | None | 0.0 |
| /operating_model/cells/base_2027q2_restricted_remaining:base/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/base_2027q2_restricted_remaining:base/case | None | base |
| /operating_model/cells/base_2027q2_restricted_remaining:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q2_restricted_remaining:base/formula/refs/0 | None | base_2027q1_restricted_remaining |
| /operating_model/cells/base_2027q2_restricted_remaining:base/formula/refs/1 | None | base_2027q2_restricted_release |
| /operating_model/cells/base_2027q2_restricted_remaining:base/id | None | base_2027q2_restricted_remaining |
| /operating_model/cells/base_2027q2_restricted_remaining:base/kind | None | derived |
| /operating_model/cells/base_2027q2_restricted_remaining:base/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/base_2027q2_restricted_remaining:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_restricted_remaining:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q2_restricted_remaining:base/value | None | 409.417 |
| /operating_model/cells/base_2027q2_sale_receipt_fraction:base/basis | None | Base/upside collect the contractual installment in its due quarter; downside collects half without an assumed catch-up. Collection timing and final adjustments are uncertain; these are forward assumptions, not verified bank receipts. |
| /operating_model/cells/base_2027q2_sale_receipt_fraction:base/case | None | base |
| /operating_model/cells/base_2027q2_sale_receipt_fraction:base/id | None | base_2027q2_sale_receipt_fraction |
| /operating_model/cells/base_2027q2_sale_receipt_fraction:base/kind | None | assumption |
| /operating_model/cells/base_2027q2_sale_receipt_fraction:base/label | None | Assumed collection of scheduled installment |
| /operating_model/cells/base_2027q2_sale_receipt_fraction:base/period | None | 2027Q2 |
| /operating_model/cells/base_2027q2_sale_receipt_fraction:base/unit | None | ratio |
| /operating_model/cells/base_2027q2_sale_receipt_fraction:base/value | None | 1.0 |
| /operating_model/cells/base_2027q3_asset_sale_cash:base/basis | None | No other asset sales assumed; no sale revenue is counted as recurring operating cash. |
| /operating_model/cells/base_2027q3_asset_sale_cash:base/case | None | base |
| /operating_model/cells/base_2027q3_asset_sale_cash:base/id | None | base_2027q3_asset_sale_cash |
| /operating_model/cells/base_2027q3_asset_sale_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_asset_sale_cash:base/label | None | Asset-sale cash assumed |
| /operating_model/cells/base_2027q3_asset_sale_cash:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_asset_sale_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_asset_sale_cash:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_cash_with_funding:base/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/base_2027q3_cash_with_funding:base/case | None | base |
| /operating_model/cells/base_2027q3_cash_with_funding:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_cash_with_funding:base/formula/refs/0 | None | base_2027q3_cash_after_capex |
| /operating_model/cells/base_2027q3_cash_with_funding:base/formula/refs/1 | None | base_2027q3_funding_sources |
| /operating_model/cells/base_2027q3_cash_with_funding:base/id | None | base_2027q3_cash_with_funding |
| /operating_model/cells/base_2027q3_cash_with_funding:base/kind | None | derived |
| /operating_model/cells/base_2027q3_cash_with_funding:base/label | None | Operating cash after capex plus funding |
| /operating_model/cells/base_2027q3_cash_with_funding:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_cash_with_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_cash_with_funding:base/value | None | -935.377691084788 |
| /operating_model/cells/base_2027q3_external_net_funding:base/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/base_2027q3_external_net_funding:base/case | None | base |
| /operating_model/cells/base_2027q3_external_net_funding:base/id | None | base_2027q3_external_net_funding |
| /operating_model/cells/base_2027q3_external_net_funding:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_external_net_funding:base/label | None | Additional net financing assumed |
| /operating_model/cells/base_2027q3_external_net_funding:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_external_net_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_external_net_funding:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_funding_balance:base/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/base_2027q3_funding_balance:base/case | None | base |
| /operating_model/cells/base_2027q3_funding_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_funding_balance:base/formula/refs/0 | None | base_2027q2_funding_balance |
| /operating_model/cells/base_2027q3_funding_balance:base/formula/refs/1 | None | base_2027q3_funding_change |
| /operating_model/cells/base_2027q3_funding_balance:base/id | None | base_2027q3_funding_balance |
| /operating_model/cells/base_2027q3_funding_balance:base/kind | None | derived |
| /operating_model/cells/base_2027q3_funding_balance:base/label | None | Funding balance under stated assumptions |
| /operating_model/cells/base_2027q3_funding_balance:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_funding_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_funding_balance:base/value | None | -1074.7378910847883 |
| /operating_model/cells/base_2027q3_funding_change:base/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/base_2027q3_funding_change:base/case | None | base |
| /operating_model/cells/base_2027q3_funding_change:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_funding_change:base/formula/refs/0 | None | base_2027q3_cash_with_funding |
| /operating_model/cells/base_2027q3_funding_change:base/formula/refs/1 | None | base_2027q3_funding_uses |
| /operating_model/cells/base_2027q3_funding_change:base/id | None | base_2027q3_funding_change |
| /operating_model/cells/base_2027q3_funding_change:base/kind | None | derived |
| /operating_model/cells/base_2027q3_funding_change:base/label | None | Net modeled funding change |
| /operating_model/cells/base_2027q3_funding_change:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_funding_change:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_funding_change:base/value | None | -935.377691084788 |
| /operating_model/cells/base_2027q3_funding_sources:base/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/base_2027q3_funding_sources:base/case | None | base |
| /operating_model/cells/base_2027q3_funding_sources:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_funding_sources:base/formula/refs/0 | None | base_2027q3_restricted_release |
| /operating_model/cells/base_2027q3_funding_sources:base/formula/refs/1 | None | base_2027q3_external_net_funding |
| /operating_model/cells/base_2027q3_funding_sources:base/formula/refs/2 | None | base_2027q3_asset_sale_cash |
| /operating_model/cells/base_2027q3_funding_sources:base/id | None | base_2027q3_funding_sources |
| /operating_model/cells/base_2027q3_funding_sources:base/kind | None | derived |
| /operating_model/cells/base_2027q3_funding_sources:base/label | None | Funding inflows outside operating model |
| /operating_model/cells/base_2027q3_funding_sources:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_funding_sources:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_funding_sources:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_funding_uses:base/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/base_2027q3_funding_uses:base/case | None | base |
| /operating_model/cells/base_2027q3_funding_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2027q3_funding_uses:base/formula/refs/0 | None | base_2027q3_principal_cash |
| /operating_model/cells/base_2027q3_funding_uses:base/formula/refs/1 | None | base_2027q3_other_funding_uses |
| /operating_model/cells/base_2027q3_funding_uses:base/id | None | base_2027q3_funding_uses |
| /operating_model/cells/base_2027q3_funding_uses:base/kind | None | derived |
| /operating_model/cells/base_2027q3_funding_uses:base/label | None | Cash uses outside operating model |
| /operating_model/cells/base_2027q3_funding_uses:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_funding_uses:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_other_funding_uses:base/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/base_2027q3_other_funding_uses:base/case | None | base |
| /operating_model/cells/base_2027q3_other_funding_uses:base/id | None | base_2027q3_other_funding_uses |
| /operating_model/cells/base_2027q3_other_funding_uses:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_other_funding_uses:base/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/base_2027q3_other_funding_uses:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_other_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_other_funding_uses:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_principal_cash:base/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/base_2027q3_principal_cash:base/case | None | base |
| /operating_model/cells/base_2027q3_principal_cash:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q3_principal_cash:base/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/base_2027q3_principal_cash:base/formula/refs/1 | None | base_2027q3_principal_weight |
| /operating_model/cells/base_2027q3_principal_cash:base/id | None | base_2027q3_principal_cash |
| /operating_model/cells/base_2027q3_principal_cash:base/kind | None | derived |
| /operating_model/cells/base_2027q3_principal_cash:base/label | None | Scheduled principal cash use |
| /operating_model/cells/base_2027q3_principal_cash:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_principal_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_principal_cash:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_principal_weight:base/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/base_2027q3_principal_weight:base/case | None | base |
| /operating_model/cells/base_2027q3_principal_weight:base/id | None | base_2027q3_principal_weight |
| /operating_model/cells/base_2027q3_principal_weight:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_principal_weight:base/label | None | Share of dated annual principal schedule |
| /operating_model/cells/base_2027q3_principal_weight:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_principal_weight:base/unit | None | ratio |
| /operating_model/cells/base_2027q3_principal_weight:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_restricted_release:base/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/base_2027q3_restricted_release:base/case | None | base |
| /operating_model/cells/base_2027q3_restricted_release:base/id | None | base_2027q3_restricted_release |
| /operating_model/cells/base_2027q3_restricted_release:base/kind | None | assumption |
| /operating_model/cells/base_2027q3_restricted_release:base/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/base_2027q3_restricted_release:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_restricted_release:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_restricted_release:base/value | None | 0.0 |
| /operating_model/cells/base_2027q3_restricted_remaining:base/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/base_2027q3_restricted_remaining:base/case | None | base |
| /operating_model/cells/base_2027q3_restricted_remaining:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q3_restricted_remaining:base/formula/refs/0 | None | base_2027q2_restricted_remaining |
| /operating_model/cells/base_2027q3_restricted_remaining:base/formula/refs/1 | None | base_2027q3_restricted_release |
| /operating_model/cells/base_2027q3_restricted_remaining:base/id | None | base_2027q3_restricted_remaining |
| /operating_model/cells/base_2027q3_restricted_remaining:base/kind | None | derived |
| /operating_model/cells/base_2027q3_restricted_remaining:base/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/base_2027q3_restricted_remaining:base/period | None | 2027Q3 |
| /operating_model/cells/base_2027q3_restricted_remaining:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q3_restricted_remaining:base/value | None | 409.417 |
| /operating_model/cells/base_2027q4_asset_sale_cash:base/basis | None | No other asset sales assumed; no sale revenue is counted as recurring operating cash. |
| /operating_model/cells/base_2027q4_asset_sale_cash:base/case | None | base |
| /operating_model/cells/base_2027q4_asset_sale_cash:base/id | None | base_2027q4_asset_sale_cash |
| /operating_model/cells/base_2027q4_asset_sale_cash:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_asset_sale_cash:base/label | None | Asset-sale cash assumed |
| /operating_model/cells/base_2027q4_asset_sale_cash:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_asset_sale_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_asset_sale_cash:base/value | None | 0.0 |
| /operating_model/cells/base_2027q4_cash_with_funding:base/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/base_2027q4_cash_with_funding:base/case | None | base |
| /operating_model/cells/base_2027q4_cash_with_funding:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_cash_with_funding:base/formula/refs/0 | None | base_2027q4_cash_after_capex |
| /operating_model/cells/base_2027q4_cash_with_funding:base/formula/refs/1 | None | base_2027q4_funding_sources |
| /operating_model/cells/base_2027q4_cash_with_funding:base/id | None | base_2027q4_cash_with_funding |
| /operating_model/cells/base_2027q4_cash_with_funding:base/kind | None | derived |
| /operating_model/cells/base_2027q4_cash_with_funding:base/label | None | Operating cash after capex plus funding |
| /operating_model/cells/base_2027q4_cash_with_funding:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_cash_with_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_cash_with_funding:base/value | None | -805.3003054239401 |
| /operating_model/cells/base_2027q4_external_net_funding:base/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/base_2027q4_external_net_funding:base/case | None | base |
| /operating_model/cells/base_2027q4_external_net_funding:base/id | None | base_2027q4_external_net_funding |
| /operating_model/cells/base_2027q4_external_net_funding:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_external_net_funding:base/label | None | Additional net financing assumed |
| /operating_model/cells/base_2027q4_external_net_funding:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_external_net_funding:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_external_net_funding:base/value | None | 0.0 |
| /operating_model/cells/base_2027q4_funding_balance:base/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/base_2027q4_funding_balance:base/case | None | base |
| /operating_model/cells/base_2027q4_funding_balance:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_funding_balance:base/formula/refs/0 | None | base_2027q3_funding_balance |
| /operating_model/cells/base_2027q4_funding_balance:base/formula/refs/1 | None | base_2027q4_funding_change |
| /operating_model/cells/base_2027q4_funding_balance:base/id | None | base_2027q4_funding_balance |
| /operating_model/cells/base_2027q4_funding_balance:base/kind | None | derived |
| /operating_model/cells/base_2027q4_funding_balance:base/label | None | Funding balance under stated assumptions |
| /operating_model/cells/base_2027q4_funding_balance:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_funding_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_funding_balance:base/value | None | -1991.4831965087285 |
| /operating_model/cells/base_2027q4_funding_change:base/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/base_2027q4_funding_change:base/case | None | base |
| /operating_model/cells/base_2027q4_funding_change:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_funding_change:base/formula/refs/0 | None | base_2027q4_cash_with_funding |
| /operating_model/cells/base_2027q4_funding_change:base/formula/refs/1 | None | base_2027q4_funding_uses |
| /operating_model/cells/base_2027q4_funding_change:base/id | None | base_2027q4_funding_change |
| /operating_model/cells/base_2027q4_funding_change:base/kind | None | derived |
| /operating_model/cells/base_2027q4_funding_change:base/label | None | Net modeled funding change |
| /operating_model/cells/base_2027q4_funding_change:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_funding_change:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_funding_change:base/value | None | -916.7453054239402 |
| /operating_model/cells/base_2027q4_funding_sources:base/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/base_2027q4_funding_sources:base/case | None | base |
| /operating_model/cells/base_2027q4_funding_sources:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_funding_sources:base/formula/refs/0 | None | base_2027q4_restricted_release |
| /operating_model/cells/base_2027q4_funding_sources:base/formula/refs/1 | None | base_2027q4_external_net_funding |
| /operating_model/cells/base_2027q4_funding_sources:base/formula/refs/2 | None | base_2027q4_asset_sale_cash |
| /operating_model/cells/base_2027q4_funding_sources:base/id | None | base_2027q4_funding_sources |
| /operating_model/cells/base_2027q4_funding_sources:base/kind | None | derived |
| /operating_model/cells/base_2027q4_funding_sources:base/label | None | Funding inflows outside operating model |
| /operating_model/cells/base_2027q4_funding_sources:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_funding_sources:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_funding_sources:base/value | None | 0.0 |
| /operating_model/cells/base_2027q4_funding_uses:base/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/base_2027q4_funding_uses:base/case | None | base |
| /operating_model/cells/base_2027q4_funding_uses:base/formula/op | None | sum |
| /operating_model/cells/base_2027q4_funding_uses:base/formula/refs/0 | None | base_2027q4_principal_cash |
| /operating_model/cells/base_2027q4_funding_uses:base/formula/refs/1 | None | base_2027q4_other_funding_uses |
| /operating_model/cells/base_2027q4_funding_uses:base/id | None | base_2027q4_funding_uses |
| /operating_model/cells/base_2027q4_funding_uses:base/kind | None | derived |
| /operating_model/cells/base_2027q4_funding_uses:base/label | None | Cash uses outside operating model |
| /operating_model/cells/base_2027q4_funding_uses:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_funding_uses:base/value | None | 111.445 |
| /operating_model/cells/base_2027q4_other_funding_uses:base/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/base_2027q4_other_funding_uses:base/case | None | base |
| /operating_model/cells/base_2027q4_other_funding_uses:base/id | None | base_2027q4_other_funding_uses |
| /operating_model/cells/base_2027q4_other_funding_uses:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_other_funding_uses:base/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/base_2027q4_other_funding_uses:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_other_funding_uses:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_other_funding_uses:base/value | None | 0.0 |
| /operating_model/cells/base_2027q4_principal_cash:base/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/base_2027q4_principal_cash:base/case | None | base |
| /operating_model/cells/base_2027q4_principal_cash:base/formula/op | None | multiply |
| /operating_model/cells/base_2027q4_principal_cash:base/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/base_2027q4_principal_cash:base/formula/refs/1 | None | base_2027q4_principal_weight |
| /operating_model/cells/base_2027q4_principal_cash:base/id | None | base_2027q4_principal_cash |
| /operating_model/cells/base_2027q4_principal_cash:base/kind | None | derived |
| /operating_model/cells/base_2027q4_principal_cash:base/label | None | Scheduled principal cash use |
| /operating_model/cells/base_2027q4_principal_cash:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_principal_cash:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_principal_cash:base/value | None | 111.445 |
| /operating_model/cells/base_2027q4_principal_weight:base/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/base_2027q4_principal_weight:base/case | None | base |
| /operating_model/cells/base_2027q4_principal_weight:base/id | None | base_2027q4_principal_weight |
| /operating_model/cells/base_2027q4_principal_weight:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_principal_weight:base/label | None | Share of dated annual principal schedule |
| /operating_model/cells/base_2027q4_principal_weight:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_principal_weight:base/unit | None | ratio |
| /operating_model/cells/base_2027q4_principal_weight:base/value | None | 0.5 |
| /operating_model/cells/base_2027q4_restricted_release:base/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/base_2027q4_restricted_release:base/case | None | base |
| /operating_model/cells/base_2027q4_restricted_release:base/id | None | base_2027q4_restricted_release |
| /operating_model/cells/base_2027q4_restricted_release:base/kind | None | assumption |
| /operating_model/cells/base_2027q4_restricted_release:base/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/base_2027q4_restricted_release:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_restricted_release:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_restricted_release:base/value | None | 0.0 |
| /operating_model/cells/base_2027q4_restricted_remaining:base/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/base_2027q4_restricted_remaining:base/case | None | base |
| /operating_model/cells/base_2027q4_restricted_remaining:base/formula/op | None | subtract |
| /operating_model/cells/base_2027q4_restricted_remaining:base/formula/refs/0 | None | base_2027q3_restricted_remaining |
| /operating_model/cells/base_2027q4_restricted_remaining:base/formula/refs/1 | None | base_2027q4_restricted_release |
| /operating_model/cells/base_2027q4_restricted_remaining:base/id | None | base_2027q4_restricted_remaining |
| /operating_model/cells/base_2027q4_restricted_remaining:base/kind | None | derived |
| /operating_model/cells/base_2027q4_restricted_remaining:base/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/base_2027q4_restricted_remaining:base/period | None | 2027Q4 |
| /operating_model/cells/base_2027q4_restricted_remaining:base/unit | None | USD_millions |
| /operating_model/cells/base_2027q4_restricted_remaining:base/value | None | 409.417 |
| /operating_model/cells/base_fy2026_funding_balance:base/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/base_fy2026_funding_balance:base/case | None | base |
| /operating_model/cells/base_fy2026_funding_balance:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_funding_balance:base/formula/refs/0 | None | base_2026q4_funding_balance |
| /operating_model/cells/base_fy2026_funding_balance:base/formula/refs/1 | None | funding_zero |
| /operating_model/cells/base_fy2026_funding_balance:base/id | None | base_fy2026_funding_balance |
| /operating_model/cells/base_fy2026_funding_balance:base/kind | None | derived |
| /operating_model/cells/base_fy2026_funding_balance:base/label | None | Year-end Funding balance under stated assumptions ($M) |
| /operating_model/cells/base_fy2026_funding_balance:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_funding_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_funding_balance:base/value | None | 1489.1512999999998 |
| /operating_model/cells/base_fy2026_restricted_remaining:base/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/base_fy2026_restricted_remaining:base/case | None | base |
| /operating_model/cells/base_fy2026_restricted_remaining:base/formula/op | None | sum |
| /operating_model/cells/base_fy2026_restricted_remaining:base/formula/refs/0 | None | base_2026q4_restricted_remaining |
| /operating_model/cells/base_fy2026_restricted_remaining:base/formula/refs/1 | None | funding_zero |
| /operating_model/cells/base_fy2026_restricted_remaining:base/id | None | base_fy2026_restricted_remaining |
| /operating_model/cells/base_fy2026_restricted_remaining:base/kind | None | derived |
| /operating_model/cells/base_fy2026_restricted_remaining:base/label | None | Year-end Remaining restricted cash in funding bridge ($M) |
| /operating_model/cells/base_fy2026_restricted_remaining:base/period | None | FY2026 |
| /operating_model/cells/base_fy2026_restricted_remaining:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2026_restricted_remaining:base/value | None | 409.417 |
| /operating_model/cells/base_fy2027_funding_balance:base/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/base_fy2027_funding_balance:base/case | None | base |
| /operating_model/cells/base_fy2027_funding_balance:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_funding_balance:base/formula/refs/0 | None | base_2027q4_funding_balance |
| /operating_model/cells/base_fy2027_funding_balance:base/formula/refs/1 | None | funding_zero |
| /operating_model/cells/base_fy2027_funding_balance:base/id | None | base_fy2027_funding_balance |
| /operating_model/cells/base_fy2027_funding_balance:base/kind | None | derived |
| /operating_model/cells/base_fy2027_funding_balance:base/label | None | Year-end Funding balance under stated assumptions ($M) |
| /operating_model/cells/base_fy2027_funding_balance:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_funding_balance:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_funding_balance:base/value | None | -1991.4831965087285 |
| /operating_model/cells/base_fy2027_restricted_remaining:base/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/base_fy2027_restricted_remaining:base/case | None | base |
| /operating_model/cells/base_fy2027_restricted_remaining:base/formula/op | None | sum |
| /operating_model/cells/base_fy2027_restricted_remaining:base/formula/refs/0 | None | base_2027q4_restricted_remaining |
| /operating_model/cells/base_fy2027_restricted_remaining:base/formula/refs/1 | None | funding_zero |
| /operating_model/cells/base_fy2027_restricted_remaining:base/id | None | base_fy2027_restricted_remaining |
| /operating_model/cells/base_fy2027_restricted_remaining:base/kind | None | derived |
| /operating_model/cells/base_fy2027_restricted_remaining:base/label | None | Year-end Remaining restricted cash in funding bridge ($M) |
| /operating_model/cells/base_fy2027_restricted_remaining:base/period | None | FY2027 |
| /operating_model/cells/base_fy2027_restricted_remaining:base/unit | None | USD_millions |
| /operating_model/cells/base_fy2027_restricted_remaining:base/value | None | 409.417 |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/basis | None | Contractual due amount times explicit collection assumption; divestiture effective July 6, not recurring operating revenue. |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/formula/refs/0 | None | abernathy_due_2026q3 |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/formula/refs/1 | None | downside_2026q3_sale_receipt_fraction |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/id | None | downside_2026q3_asset_sale_cash |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/label | None | Modeled installment cash collection |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_asset_sale_cash:downside/value | None | 125.0 |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/basis | None | Modeled cash collection times the desk cost reserve; not a reported cost. |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/formula/refs/0 | None | downside_2026q3_asset_sale_cash |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/formula/refs/1 | None | abernathy_fee_fraction |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/id | None | downside_2026q3_asset_sale_fees |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/label | None | Assumed cash cost of sale collection |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_asset_sale_fees:downside/value | None | 2.5 |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/formula/refs/0 | None | downside_2026q3_cash_after_capex |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/formula/refs/1 | None | downside_2026q3_funding_sources |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/id | None | downside_2026q3_cash_with_funding |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_cash_with_funding:downside/value | None | -782.9 |
| /operating_model/cells/downside_2026q3_external_net_funding:downside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/downside_2026q3_external_net_funding:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_external_net_funding:downside/id | None | downside_2026q3_external_net_funding |
| /operating_model/cells/downside_2026q3_external_net_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_external_net_funding:downside/label | None | Additional net financing assumed |
| /operating_model/cells/downside_2026q3_external_net_funding:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_external_net_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_external_net_funding:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_funding_balance:downside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/downside_2026q3_funding_balance:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_funding_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_funding_balance:downside/formula/refs/0 | None | h1_cash |
| /operating_model/cells/downside_2026q3_funding_balance:downside/formula/refs/1 | None | downside_2026q3_funding_change |
| /operating_model/cells/downside_2026q3_funding_balance:downside/id | None | downside_2026q3_funding_balance |
| /operating_model/cells/downside_2026q3_funding_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_funding_balance:downside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/downside_2026q3_funding_balance:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_funding_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_funding_balance:downside/value | None | 1833.7909999999997 |
| /operating_model/cells/downside_2026q3_funding_change:downside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/downside_2026q3_funding_change:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_funding_change:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_funding_change:downside/formula/refs/0 | None | downside_2026q3_cash_with_funding |
| /operating_model/cells/downside_2026q3_funding_change:downside/formula/refs/1 | None | downside_2026q3_funding_uses |
| /operating_model/cells/downside_2026q3_funding_change:downside/id | None | downside_2026q3_funding_change |
| /operating_model/cells/downside_2026q3_funding_change:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_funding_change:downside/label | None | Net modeled funding change |
| /operating_model/cells/downside_2026q3_funding_change:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_funding_change:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_funding_change:downside/value | None | -785.4 |
| /operating_model/cells/downside_2026q3_funding_sources:downside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/downside_2026q3_funding_sources:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_funding_sources:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_funding_sources:downside/formula/refs/0 | None | downside_2026q3_restricted_release |
| /operating_model/cells/downside_2026q3_funding_sources:downside/formula/refs/1 | None | downside_2026q3_external_net_funding |
| /operating_model/cells/downside_2026q3_funding_sources:downside/formula/refs/2 | None | downside_2026q3_asset_sale_cash |
| /operating_model/cells/downside_2026q3_funding_sources:downside/id | None | downside_2026q3_funding_sources |
| /operating_model/cells/downside_2026q3_funding_sources:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_funding_sources:downside/label | None | Funding inflows outside operating model |
| /operating_model/cells/downside_2026q3_funding_sources:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_funding_sources:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_funding_sources:downside/value | None | 125.0 |
| /operating_model/cells/downside_2026q3_funding_uses:downside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/downside_2026q3_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_funding_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q3_funding_uses:downside/formula/refs/0 | None | downside_2026q3_principal_cash |
| /operating_model/cells/downside_2026q3_funding_uses:downside/formula/refs/1 | None | downside_2026q3_other_funding_uses |
| /operating_model/cells/downside_2026q3_funding_uses:downside/formula/refs/2 | None | downside_2026q3_asset_sale_fees |
| /operating_model/cells/downside_2026q3_funding_uses:downside/id | None | downside_2026q3_funding_uses |
| /operating_model/cells/downside_2026q3_funding_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_funding_uses:downside/label | None | Cash uses outside operating model |
| /operating_model/cells/downside_2026q3_funding_uses:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_funding_uses:downside/value | None | 2.5 |
| /operating_model/cells/downside_2026q3_other_funding_uses:downside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/downside_2026q3_other_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_other_funding_uses:downside/id | None | downside_2026q3_other_funding_uses |
| /operating_model/cells/downside_2026q3_other_funding_uses:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_other_funding_uses:downside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/downside_2026q3_other_funding_uses:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_other_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_other_funding_uses:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_principal_cash:downside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/downside_2026q3_principal_cash:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_principal_cash:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q3_principal_cash:downside/formula/refs/0 | None | scheduled_h2_principal |
| /operating_model/cells/downside_2026q3_principal_cash:downside/formula/refs/1 | None | downside_2026q3_principal_weight |
| /operating_model/cells/downside_2026q3_principal_cash:downside/id | None | downside_2026q3_principal_cash |
| /operating_model/cells/downside_2026q3_principal_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_principal_cash:downside/label | None | Scheduled principal cash use |
| /operating_model/cells/downside_2026q3_principal_cash:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_principal_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_principal_cash:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_principal_weight:downside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/downside_2026q3_principal_weight:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_principal_weight:downside/id | None | downside_2026q3_principal_weight |
| /operating_model/cells/downside_2026q3_principal_weight:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_principal_weight:downside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/downside_2026q3_principal_weight:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_principal_weight:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_principal_weight:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_restricted_release:downside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/downside_2026q3_restricted_release:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_restricted_release:downside/id | None | downside_2026q3_restricted_release |
| /operating_model/cells/downside_2026q3_restricted_release:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_restricted_release:downside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/downside_2026q3_restricted_release:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_restricted_release:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_restricted_release:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/formula/refs/0 | None | h1_restricted_cash |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/formula/refs/1 | None | downside_2026q3_restricted_release |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/id | None | downside_2026q3_restricted_remaining |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/kind | None | derived |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q3_restricted_remaining:downside/value | None | 409.417 |
| /operating_model/cells/downside_2026q3_sale_receipt_fraction:downside/basis | None | Base/upside collect the contractual installment in its due quarter; downside collects half without an assumed catch-up. Collection timing and final adjustments are uncertain; these are forward assumptions, not verified bank receipts. |
| /operating_model/cells/downside_2026q3_sale_receipt_fraction:downside/case | None | downside |
| /operating_model/cells/downside_2026q3_sale_receipt_fraction:downside/id | None | downside_2026q3_sale_receipt_fraction |
| /operating_model/cells/downside_2026q3_sale_receipt_fraction:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q3_sale_receipt_fraction:downside/label | None | Assumed collection of scheduled installment |
| /operating_model/cells/downside_2026q3_sale_receipt_fraction:downside/period | None | 2026Q3 |
| /operating_model/cells/downside_2026q3_sale_receipt_fraction:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q3_sale_receipt_fraction:downside/value | None | 0.5 |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/basis | None | Contractual due amount times explicit collection assumption; divestiture effective July 6, not recurring operating revenue. |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/formula/refs/0 | None | abernathy_due_2026q4 |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/formula/refs/1 | None | downside_2026q4_sale_receipt_fraction |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/id | None | downside_2026q4_asset_sale_cash |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/label | None | Modeled installment cash collection |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_asset_sale_cash:downside/value | None | 75.0 |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/basis | None | Modeled cash collection times the desk cost reserve; not a reported cost. |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/formula/refs/0 | None | downside_2026q4_asset_sale_cash |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/formula/refs/1 | None | abernathy_fee_fraction |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/id | None | downside_2026q4_asset_sale_fees |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/label | None | Assumed cash cost of sale collection |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_asset_sale_fees:downside/value | None | 1.5 |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/formula/refs/0 | None | downside_2026q4_cash_after_capex |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/formula/refs/1 | None | downside_2026q4_funding_sources |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/id | None | downside_2026q4_cash_with_funding |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_cash_with_funding:downside/value | None | -865.575 |
| /operating_model/cells/downside_2026q4_external_net_funding:downside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/downside_2026q4_external_net_funding:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_external_net_funding:downside/id | None | downside_2026q4_external_net_funding |
| /operating_model/cells/downside_2026q4_external_net_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_external_net_funding:downside/label | None | Additional net financing assumed |
| /operating_model/cells/downside_2026q4_external_net_funding:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_external_net_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_external_net_funding:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_funding_balance:downside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/downside_2026q4_funding_balance:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_funding_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_funding_balance:downside/formula/refs/0 | None | downside_2026q3_funding_balance |
| /operating_model/cells/downside_2026q4_funding_balance:downside/formula/refs/1 | None | downside_2026q4_funding_change |
| /operating_model/cells/downside_2026q4_funding_balance:downside/id | None | downside_2026q4_funding_balance |
| /operating_model/cells/downside_2026q4_funding_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_funding_balance:downside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/downside_2026q4_funding_balance:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_funding_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_funding_balance:downside/value | None | 952.8659999999996 |
| /operating_model/cells/downside_2026q4_funding_change:downside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/downside_2026q4_funding_change:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_funding_change:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_funding_change:downside/formula/refs/0 | None | downside_2026q4_cash_with_funding |
| /operating_model/cells/downside_2026q4_funding_change:downside/formula/refs/1 | None | downside_2026q4_funding_uses |
| /operating_model/cells/downside_2026q4_funding_change:downside/id | None | downside_2026q4_funding_change |
| /operating_model/cells/downside_2026q4_funding_change:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_funding_change:downside/label | None | Net modeled funding change |
| /operating_model/cells/downside_2026q4_funding_change:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_funding_change:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_funding_change:downside/value | None | -880.9250000000001 |
| /operating_model/cells/downside_2026q4_funding_sources:downside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/downside_2026q4_funding_sources:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_funding_sources:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_funding_sources:downside/formula/refs/0 | None | downside_2026q4_restricted_release |
| /operating_model/cells/downside_2026q4_funding_sources:downside/formula/refs/1 | None | downside_2026q4_external_net_funding |
| /operating_model/cells/downside_2026q4_funding_sources:downside/formula/refs/2 | None | downside_2026q4_asset_sale_cash |
| /operating_model/cells/downside_2026q4_funding_sources:downside/id | None | downside_2026q4_funding_sources |
| /operating_model/cells/downside_2026q4_funding_sources:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_funding_sources:downside/label | None | Funding inflows outside operating model |
| /operating_model/cells/downside_2026q4_funding_sources:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_funding_sources:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_funding_sources:downside/value | None | 75.0 |
| /operating_model/cells/downside_2026q4_funding_uses:downside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/downside_2026q4_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_funding_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2026q4_funding_uses:downside/formula/refs/0 | None | downside_2026q4_principal_cash |
| /operating_model/cells/downside_2026q4_funding_uses:downside/formula/refs/1 | None | downside_2026q4_other_funding_uses |
| /operating_model/cells/downside_2026q4_funding_uses:downside/formula/refs/2 | None | downside_2026q4_asset_sale_fees |
| /operating_model/cells/downside_2026q4_funding_uses:downside/id | None | downside_2026q4_funding_uses |
| /operating_model/cells/downside_2026q4_funding_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_funding_uses:downside/label | None | Cash uses outside operating model |
| /operating_model/cells/downside_2026q4_funding_uses:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_funding_uses:downside/value | None | 15.35 |
| /operating_model/cells/downside_2026q4_other_funding_uses:downside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/downside_2026q4_other_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_other_funding_uses:downside/id | None | downside_2026q4_other_funding_uses |
| /operating_model/cells/downside_2026q4_other_funding_uses:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_other_funding_uses:downside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/downside_2026q4_other_funding_uses:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_other_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_other_funding_uses:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_principal_cash:downside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/downside_2026q4_principal_cash:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_principal_cash:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2026q4_principal_cash:downside/formula/refs/0 | None | scheduled_h2_principal |
| /operating_model/cells/downside_2026q4_principal_cash:downside/formula/refs/1 | None | downside_2026q4_principal_weight |
| /operating_model/cells/downside_2026q4_principal_cash:downside/id | None | downside_2026q4_principal_cash |
| /operating_model/cells/downside_2026q4_principal_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_principal_cash:downside/label | None | Scheduled principal cash use |
| /operating_model/cells/downside_2026q4_principal_cash:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_principal_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_principal_cash:downside/value | None | 13.85 |
| /operating_model/cells/downside_2026q4_principal_weight:downside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/downside_2026q4_principal_weight:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_principal_weight:downside/id | None | downside_2026q4_principal_weight |
| /operating_model/cells/downside_2026q4_principal_weight:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_principal_weight:downside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/downside_2026q4_principal_weight:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_principal_weight:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_principal_weight:downside/value | None | 1.0 |
| /operating_model/cells/downside_2026q4_restricted_release:downside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/downside_2026q4_restricted_release:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_restricted_release:downside/id | None | downside_2026q4_restricted_release |
| /operating_model/cells/downside_2026q4_restricted_release:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_restricted_release:downside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/downside_2026q4_restricted_release:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_restricted_release:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_restricted_release:downside/value | None | 0.0 |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/formula/refs/0 | None | downside_2026q3_restricted_remaining |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/formula/refs/1 | None | downside_2026q4_restricted_release |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/id | None | downside_2026q4_restricted_remaining |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/kind | None | derived |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2026q4_restricted_remaining:downside/value | None | 409.417 |
| /operating_model/cells/downside_2026q4_sale_receipt_fraction:downside/basis | None | Base/upside collect the contractual installment in its due quarter; downside collects half without an assumed catch-up. Collection timing and final adjustments are uncertain; these are forward assumptions, not verified bank receipts. |
| /operating_model/cells/downside_2026q4_sale_receipt_fraction:downside/case | None | downside |
| /operating_model/cells/downside_2026q4_sale_receipt_fraction:downside/id | None | downside_2026q4_sale_receipt_fraction |
| /operating_model/cells/downside_2026q4_sale_receipt_fraction:downside/kind | None | assumption |
| /operating_model/cells/downside_2026q4_sale_receipt_fraction:downside/label | None | Assumed collection of scheduled installment |
| /operating_model/cells/downside_2026q4_sale_receipt_fraction:downside/period | None | 2026Q4 |
| /operating_model/cells/downside_2026q4_sale_receipt_fraction:downside/unit | None | ratio |
| /operating_model/cells/downside_2026q4_sale_receipt_fraction:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q1_asset_sale_cash:downside/basis | None | No other asset sales assumed; no sale revenue is counted as recurring operating cash. |
| /operating_model/cells/downside_2027q1_asset_sale_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_asset_sale_cash:downside/id | None | downside_2027q1_asset_sale_cash |
| /operating_model/cells/downside_2027q1_asset_sale_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_asset_sale_cash:downside/label | None | Asset-sale cash assumed |
| /operating_model/cells/downside_2027q1_asset_sale_cash:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_asset_sale_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_asset_sale_cash:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/formula/refs/0 | None | downside_2027q1_cash_after_capex |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/formula/refs/1 | None | downside_2027q1_funding_sources |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/id | None | downside_2027q1_cash_with_funding |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_cash_with_funding:downside/value | None | -1063.125 |
| /operating_model/cells/downside_2027q1_external_net_funding:downside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/downside_2027q1_external_net_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_external_net_funding:downside/id | None | downside_2027q1_external_net_funding |
| /operating_model/cells/downside_2027q1_external_net_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_external_net_funding:downside/label | None | Additional net financing assumed |
| /operating_model/cells/downside_2027q1_external_net_funding:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_external_net_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_external_net_funding:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_funding_balance:downside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/downside_2027q1_funding_balance:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_funding_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_funding_balance:downside/formula/refs/0 | None | downside_2026q4_funding_balance |
| /operating_model/cells/downside_2027q1_funding_balance:downside/formula/refs/1 | None | downside_2027q1_funding_change |
| /operating_model/cells/downside_2027q1_funding_balance:downside/id | None | downside_2027q1_funding_balance |
| /operating_model/cells/downside_2027q1_funding_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_funding_balance:downside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/downside_2027q1_funding_balance:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_funding_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_funding_balance:downside/value | None | -110.25900000000036 |
| /operating_model/cells/downside_2027q1_funding_change:downside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/downside_2027q1_funding_change:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_funding_change:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_funding_change:downside/formula/refs/0 | None | downside_2027q1_cash_with_funding |
| /operating_model/cells/downside_2027q1_funding_change:downside/formula/refs/1 | None | downside_2027q1_funding_uses |
| /operating_model/cells/downside_2027q1_funding_change:downside/id | None | downside_2027q1_funding_change |
| /operating_model/cells/downside_2027q1_funding_change:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_funding_change:downside/label | None | Net modeled funding change |
| /operating_model/cells/downside_2027q1_funding_change:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_funding_change:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_funding_change:downside/value | None | -1063.125 |
| /operating_model/cells/downside_2027q1_funding_sources:downside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/downside_2027q1_funding_sources:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_funding_sources:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_funding_sources:downside/formula/refs/0 | None | downside_2027q1_restricted_release |
| /operating_model/cells/downside_2027q1_funding_sources:downside/formula/refs/1 | None | downside_2027q1_external_net_funding |
| /operating_model/cells/downside_2027q1_funding_sources:downside/formula/refs/2 | None | downside_2027q1_asset_sale_cash |
| /operating_model/cells/downside_2027q1_funding_sources:downside/id | None | downside_2027q1_funding_sources |
| /operating_model/cells/downside_2027q1_funding_sources:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_funding_sources:downside/label | None | Funding inflows outside operating model |
| /operating_model/cells/downside_2027q1_funding_sources:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_funding_sources:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_funding_sources:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_funding_uses:downside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/downside_2027q1_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_funding_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q1_funding_uses:downside/formula/refs/0 | None | downside_2027q1_principal_cash |
| /operating_model/cells/downside_2027q1_funding_uses:downside/formula/refs/1 | None | downside_2027q1_other_funding_uses |
| /operating_model/cells/downside_2027q1_funding_uses:downside/id | None | downside_2027q1_funding_uses |
| /operating_model/cells/downside_2027q1_funding_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_funding_uses:downside/label | None | Cash uses outside operating model |
| /operating_model/cells/downside_2027q1_funding_uses:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_funding_uses:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_other_funding_uses:downside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/downside_2027q1_other_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_other_funding_uses:downside/id | None | downside_2027q1_other_funding_uses |
| /operating_model/cells/downside_2027q1_other_funding_uses:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_other_funding_uses:downside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/downside_2027q1_other_funding_uses:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_other_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_other_funding_uses:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_principal_cash:downside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/downside_2027q1_principal_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_principal_cash:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q1_principal_cash:downside/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/downside_2027q1_principal_cash:downside/formula/refs/1 | None | downside_2027q1_principal_weight |
| /operating_model/cells/downside_2027q1_principal_cash:downside/id | None | downside_2027q1_principal_cash |
| /operating_model/cells/downside_2027q1_principal_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_principal_cash:downside/label | None | Scheduled principal cash use |
| /operating_model/cells/downside_2027q1_principal_cash:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_principal_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_principal_cash:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_principal_weight:downside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/downside_2027q1_principal_weight:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_principal_weight:downside/id | None | downside_2027q1_principal_weight |
| /operating_model/cells/downside_2027q1_principal_weight:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_principal_weight:downside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/downside_2027q1_principal_weight:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_principal_weight:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q1_principal_weight:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_restricted_release:downside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/downside_2027q1_restricted_release:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_restricted_release:downside/id | None | downside_2027q1_restricted_release |
| /operating_model/cells/downside_2027q1_restricted_release:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q1_restricted_release:downside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/downside_2027q1_restricted_release:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_restricted_release:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_restricted_release:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/case | None | downside |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/formula/refs/0 | None | downside_2026q4_restricted_remaining |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/formula/refs/1 | None | downside_2027q1_restricted_release |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/id | None | downside_2027q1_restricted_remaining |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/kind | None | derived |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/period | None | 2027Q1 |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q1_restricted_remaining:downside/value | None | 409.417 |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/basis | None | Contractual due amount times explicit collection assumption; divestiture effective July 6, not recurring operating revenue. |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/formula/refs/0 | None | abernathy_due_2027q2 |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/formula/refs/1 | None | downside_2027q2_sale_receipt_fraction |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/id | None | downside_2027q2_asset_sale_cash |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/label | None | Modeled installment cash collection |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_asset_sale_cash:downside/value | None | 65.0 |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/basis | None | Modeled cash collection times the desk cost reserve; not a reported cost. |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/formula/refs/0 | None | downside_2027q2_asset_sale_cash |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/formula/refs/1 | None | abernathy_fee_fraction |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/id | None | downside_2027q2_asset_sale_fees |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/label | None | Assumed cash cost of sale collection |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_asset_sale_fees:downside/value | None | 1.3 |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/formula/refs/0 | None | downside_2027q2_cash_after_capex |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/formula/refs/1 | None | downside_2027q2_funding_sources |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/id | None | downside_2027q2_cash_with_funding |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_cash_with_funding:downside/value | None | -1079.0 |
| /operating_model/cells/downside_2027q2_external_net_funding:downside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/downside_2027q2_external_net_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_external_net_funding:downside/id | None | downside_2027q2_external_net_funding |
| /operating_model/cells/downside_2027q2_external_net_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_external_net_funding:downside/label | None | Additional net financing assumed |
| /operating_model/cells/downside_2027q2_external_net_funding:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_external_net_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_external_net_funding:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q2_funding_balance:downside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/downside_2027q2_funding_balance:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_funding_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_funding_balance:downside/formula/refs/0 | None | downside_2027q1_funding_balance |
| /operating_model/cells/downside_2027q2_funding_balance:downside/formula/refs/1 | None | downside_2027q2_funding_change |
| /operating_model/cells/downside_2027q2_funding_balance:downside/id | None | downside_2027q2_funding_balance |
| /operating_model/cells/downside_2027q2_funding_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_funding_balance:downside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/downside_2027q2_funding_balance:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_funding_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_funding_balance:downside/value | None | -1302.0040000000004 |
| /operating_model/cells/downside_2027q2_funding_change:downside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/downside_2027q2_funding_change:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_funding_change:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_funding_change:downside/formula/refs/0 | None | downside_2027q2_cash_with_funding |
| /operating_model/cells/downside_2027q2_funding_change:downside/formula/refs/1 | None | downside_2027q2_funding_uses |
| /operating_model/cells/downside_2027q2_funding_change:downside/id | None | downside_2027q2_funding_change |
| /operating_model/cells/downside_2027q2_funding_change:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_funding_change:downside/label | None | Net modeled funding change |
| /operating_model/cells/downside_2027q2_funding_change:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_funding_change:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_funding_change:downside/value | None | -1191.745 |
| /operating_model/cells/downside_2027q2_funding_sources:downside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/downside_2027q2_funding_sources:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_funding_sources:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_funding_sources:downside/formula/refs/0 | None | downside_2027q2_restricted_release |
| /operating_model/cells/downside_2027q2_funding_sources:downside/formula/refs/1 | None | downside_2027q2_external_net_funding |
| /operating_model/cells/downside_2027q2_funding_sources:downside/formula/refs/2 | None | downside_2027q2_asset_sale_cash |
| /operating_model/cells/downside_2027q2_funding_sources:downside/id | None | downside_2027q2_funding_sources |
| /operating_model/cells/downside_2027q2_funding_sources:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_funding_sources:downside/label | None | Funding inflows outside operating model |
| /operating_model/cells/downside_2027q2_funding_sources:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_funding_sources:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_funding_sources:downside/value | None | 65.0 |
| /operating_model/cells/downside_2027q2_funding_uses:downside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/downside_2027q2_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_funding_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q2_funding_uses:downside/formula/refs/0 | None | downside_2027q2_principal_cash |
| /operating_model/cells/downside_2027q2_funding_uses:downside/formula/refs/1 | None | downside_2027q2_other_funding_uses |
| /operating_model/cells/downside_2027q2_funding_uses:downside/formula/refs/2 | None | downside_2027q2_asset_sale_fees |
| /operating_model/cells/downside_2027q2_funding_uses:downside/id | None | downside_2027q2_funding_uses |
| /operating_model/cells/downside_2027q2_funding_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_funding_uses:downside/label | None | Cash uses outside operating model |
| /operating_model/cells/downside_2027q2_funding_uses:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_funding_uses:downside/value | None | 112.74499999999999 |
| /operating_model/cells/downside_2027q2_other_funding_uses:downside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/downside_2027q2_other_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_other_funding_uses:downside/id | None | downside_2027q2_other_funding_uses |
| /operating_model/cells/downside_2027q2_other_funding_uses:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_other_funding_uses:downside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/downside_2027q2_other_funding_uses:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_other_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_other_funding_uses:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q2_principal_cash:downside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/downside_2027q2_principal_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_principal_cash:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q2_principal_cash:downside/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/downside_2027q2_principal_cash:downside/formula/refs/1 | None | downside_2027q2_principal_weight |
| /operating_model/cells/downside_2027q2_principal_cash:downside/id | None | downside_2027q2_principal_cash |
| /operating_model/cells/downside_2027q2_principal_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_principal_cash:downside/label | None | Scheduled principal cash use |
| /operating_model/cells/downside_2027q2_principal_cash:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_principal_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_principal_cash:downside/value | None | 111.445 |
| /operating_model/cells/downside_2027q2_principal_weight:downside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/downside_2027q2_principal_weight:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_principal_weight:downside/id | None | downside_2027q2_principal_weight |
| /operating_model/cells/downside_2027q2_principal_weight:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_principal_weight:downside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/downside_2027q2_principal_weight:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_principal_weight:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_principal_weight:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q2_restricted_release:downside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/downside_2027q2_restricted_release:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_restricted_release:downside/id | None | downside_2027q2_restricted_release |
| /operating_model/cells/downside_2027q2_restricted_release:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_restricted_release:downside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/downside_2027q2_restricted_release:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_restricted_release:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_restricted_release:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/formula/refs/0 | None | downside_2027q1_restricted_remaining |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/formula/refs/1 | None | downside_2027q2_restricted_release |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/id | None | downside_2027q2_restricted_remaining |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/kind | None | derived |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q2_restricted_remaining:downside/value | None | 409.417 |
| /operating_model/cells/downside_2027q2_sale_receipt_fraction:downside/basis | None | Base/upside collect the contractual installment in its due quarter; downside collects half without an assumed catch-up. Collection timing and final adjustments are uncertain; these are forward assumptions, not verified bank receipts. |
| /operating_model/cells/downside_2027q2_sale_receipt_fraction:downside/case | None | downside |
| /operating_model/cells/downside_2027q2_sale_receipt_fraction:downside/id | None | downside_2027q2_sale_receipt_fraction |
| /operating_model/cells/downside_2027q2_sale_receipt_fraction:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q2_sale_receipt_fraction:downside/label | None | Assumed collection of scheduled installment |
| /operating_model/cells/downside_2027q2_sale_receipt_fraction:downside/period | None | 2027Q2 |
| /operating_model/cells/downside_2027q2_sale_receipt_fraction:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q2_sale_receipt_fraction:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q3_asset_sale_cash:downside/basis | None | No other asset sales assumed; no sale revenue is counted as recurring operating cash. |
| /operating_model/cells/downside_2027q3_asset_sale_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_asset_sale_cash:downside/id | None | downside_2027q3_asset_sale_cash |
| /operating_model/cells/downside_2027q3_asset_sale_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_asset_sale_cash:downside/label | None | Asset-sale cash assumed |
| /operating_model/cells/downside_2027q3_asset_sale_cash:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_asset_sale_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_asset_sale_cash:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/formula/refs/0 | None | downside_2027q3_cash_after_capex |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/formula/refs/1 | None | downside_2027q3_funding_sources |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/id | None | downside_2027q3_cash_with_funding |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_cash_with_funding:downside/value | None | -1177.8 |
| /operating_model/cells/downside_2027q3_external_net_funding:downside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/downside_2027q3_external_net_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_external_net_funding:downside/id | None | downside_2027q3_external_net_funding |
| /operating_model/cells/downside_2027q3_external_net_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_external_net_funding:downside/label | None | Additional net financing assumed |
| /operating_model/cells/downside_2027q3_external_net_funding:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_external_net_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_external_net_funding:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_funding_balance:downside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/downside_2027q3_funding_balance:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_funding_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_funding_balance:downside/formula/refs/0 | None | downside_2027q2_funding_balance |
| /operating_model/cells/downside_2027q3_funding_balance:downside/formula/refs/1 | None | downside_2027q3_funding_change |
| /operating_model/cells/downside_2027q3_funding_balance:downside/id | None | downside_2027q3_funding_balance |
| /operating_model/cells/downside_2027q3_funding_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_funding_balance:downside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/downside_2027q3_funding_balance:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_funding_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_funding_balance:downside/value | None | -2479.804 |
| /operating_model/cells/downside_2027q3_funding_change:downside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/downside_2027q3_funding_change:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_funding_change:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_funding_change:downside/formula/refs/0 | None | downside_2027q3_cash_with_funding |
| /operating_model/cells/downside_2027q3_funding_change:downside/formula/refs/1 | None | downside_2027q3_funding_uses |
| /operating_model/cells/downside_2027q3_funding_change:downside/id | None | downside_2027q3_funding_change |
| /operating_model/cells/downside_2027q3_funding_change:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_funding_change:downside/label | None | Net modeled funding change |
| /operating_model/cells/downside_2027q3_funding_change:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_funding_change:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_funding_change:downside/value | None | -1177.8 |
| /operating_model/cells/downside_2027q3_funding_sources:downside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/downside_2027q3_funding_sources:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_funding_sources:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_funding_sources:downside/formula/refs/0 | None | downside_2027q3_restricted_release |
| /operating_model/cells/downside_2027q3_funding_sources:downside/formula/refs/1 | None | downside_2027q3_external_net_funding |
| /operating_model/cells/downside_2027q3_funding_sources:downside/formula/refs/2 | None | downside_2027q3_asset_sale_cash |
| /operating_model/cells/downside_2027q3_funding_sources:downside/id | None | downside_2027q3_funding_sources |
| /operating_model/cells/downside_2027q3_funding_sources:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_funding_sources:downside/label | None | Funding inflows outside operating model |
| /operating_model/cells/downside_2027q3_funding_sources:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_funding_sources:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_funding_sources:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_funding_uses:downside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/downside_2027q3_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_funding_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q3_funding_uses:downside/formula/refs/0 | None | downside_2027q3_principal_cash |
| /operating_model/cells/downside_2027q3_funding_uses:downside/formula/refs/1 | None | downside_2027q3_other_funding_uses |
| /operating_model/cells/downside_2027q3_funding_uses:downside/id | None | downside_2027q3_funding_uses |
| /operating_model/cells/downside_2027q3_funding_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_funding_uses:downside/label | None | Cash uses outside operating model |
| /operating_model/cells/downside_2027q3_funding_uses:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_funding_uses:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_other_funding_uses:downside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/downside_2027q3_other_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_other_funding_uses:downside/id | None | downside_2027q3_other_funding_uses |
| /operating_model/cells/downside_2027q3_other_funding_uses:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_other_funding_uses:downside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/downside_2027q3_other_funding_uses:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_other_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_other_funding_uses:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_principal_cash:downside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/downside_2027q3_principal_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_principal_cash:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q3_principal_cash:downside/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/downside_2027q3_principal_cash:downside/formula/refs/1 | None | downside_2027q3_principal_weight |
| /operating_model/cells/downside_2027q3_principal_cash:downside/id | None | downside_2027q3_principal_cash |
| /operating_model/cells/downside_2027q3_principal_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_principal_cash:downside/label | None | Scheduled principal cash use |
| /operating_model/cells/downside_2027q3_principal_cash:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_principal_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_principal_cash:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_principal_weight:downside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/downside_2027q3_principal_weight:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_principal_weight:downside/id | None | downside_2027q3_principal_weight |
| /operating_model/cells/downside_2027q3_principal_weight:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_principal_weight:downside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/downside_2027q3_principal_weight:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_principal_weight:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q3_principal_weight:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_restricted_release:downside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/downside_2027q3_restricted_release:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_restricted_release:downside/id | None | downside_2027q3_restricted_release |
| /operating_model/cells/downside_2027q3_restricted_release:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q3_restricted_release:downside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/downside_2027q3_restricted_release:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_restricted_release:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_restricted_release:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/case | None | downside |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/formula/refs/0 | None | downside_2027q2_restricted_remaining |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/formula/refs/1 | None | downside_2027q3_restricted_release |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/id | None | downside_2027q3_restricted_remaining |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/kind | None | derived |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/period | None | 2027Q3 |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q3_restricted_remaining:downside/value | None | 409.417 |
| /operating_model/cells/downside_2027q4_asset_sale_cash:downside/basis | None | No other asset sales assumed; no sale revenue is counted as recurring operating cash. |
| /operating_model/cells/downside_2027q4_asset_sale_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_asset_sale_cash:downside/id | None | downside_2027q4_asset_sale_cash |
| /operating_model/cells/downside_2027q4_asset_sale_cash:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_asset_sale_cash:downside/label | None | Asset-sale cash assumed |
| /operating_model/cells/downside_2027q4_asset_sale_cash:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_asset_sale_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_asset_sale_cash:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/formula/refs/0 | None | downside_2027q4_cash_after_capex |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/formula/refs/1 | None | downside_2027q4_funding_sources |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/id | None | downside_2027q4_cash_with_funding |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_cash_with_funding:downside/value | None | -1017.0 |
| /operating_model/cells/downside_2027q4_external_net_funding:downside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/downside_2027q4_external_net_funding:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_external_net_funding:downside/id | None | downside_2027q4_external_net_funding |
| /operating_model/cells/downside_2027q4_external_net_funding:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_external_net_funding:downside/label | None | Additional net financing assumed |
| /operating_model/cells/downside_2027q4_external_net_funding:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_external_net_funding:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_external_net_funding:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q4_funding_balance:downside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/downside_2027q4_funding_balance:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_funding_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_funding_balance:downside/formula/refs/0 | None | downside_2027q3_funding_balance |
| /operating_model/cells/downside_2027q4_funding_balance:downside/formula/refs/1 | None | downside_2027q4_funding_change |
| /operating_model/cells/downside_2027q4_funding_balance:downside/id | None | downside_2027q4_funding_balance |
| /operating_model/cells/downside_2027q4_funding_balance:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_funding_balance:downside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/downside_2027q4_funding_balance:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_funding_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_funding_balance:downside/value | None | -3608.249 |
| /operating_model/cells/downside_2027q4_funding_change:downside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/downside_2027q4_funding_change:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_funding_change:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_funding_change:downside/formula/refs/0 | None | downside_2027q4_cash_with_funding |
| /operating_model/cells/downside_2027q4_funding_change:downside/formula/refs/1 | None | downside_2027q4_funding_uses |
| /operating_model/cells/downside_2027q4_funding_change:downside/id | None | downside_2027q4_funding_change |
| /operating_model/cells/downside_2027q4_funding_change:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_funding_change:downside/label | None | Net modeled funding change |
| /operating_model/cells/downside_2027q4_funding_change:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_funding_change:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_funding_change:downside/value | None | -1128.445 |
| /operating_model/cells/downside_2027q4_funding_sources:downside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/downside_2027q4_funding_sources:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_funding_sources:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_funding_sources:downside/formula/refs/0 | None | downside_2027q4_restricted_release |
| /operating_model/cells/downside_2027q4_funding_sources:downside/formula/refs/1 | None | downside_2027q4_external_net_funding |
| /operating_model/cells/downside_2027q4_funding_sources:downside/formula/refs/2 | None | downside_2027q4_asset_sale_cash |
| /operating_model/cells/downside_2027q4_funding_sources:downside/id | None | downside_2027q4_funding_sources |
| /operating_model/cells/downside_2027q4_funding_sources:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_funding_sources:downside/label | None | Funding inflows outside operating model |
| /operating_model/cells/downside_2027q4_funding_sources:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_funding_sources:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_funding_sources:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q4_funding_uses:downside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/downside_2027q4_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_funding_uses:downside/formula/op | None | sum |
| /operating_model/cells/downside_2027q4_funding_uses:downside/formula/refs/0 | None | downside_2027q4_principal_cash |
| /operating_model/cells/downside_2027q4_funding_uses:downside/formula/refs/1 | None | downside_2027q4_other_funding_uses |
| /operating_model/cells/downside_2027q4_funding_uses:downside/id | None | downside_2027q4_funding_uses |
| /operating_model/cells/downside_2027q4_funding_uses:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_funding_uses:downside/label | None | Cash uses outside operating model |
| /operating_model/cells/downside_2027q4_funding_uses:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_funding_uses:downside/value | None | 111.445 |
| /operating_model/cells/downside_2027q4_other_funding_uses:downside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/downside_2027q4_other_funding_uses:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_other_funding_uses:downside/id | None | downside_2027q4_other_funding_uses |
| /operating_model/cells/downside_2027q4_other_funding_uses:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_other_funding_uses:downside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/downside_2027q4_other_funding_uses:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_other_funding_uses:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_other_funding_uses:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q4_principal_cash:downside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/downside_2027q4_principal_cash:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_principal_cash:downside/formula/op | None | multiply |
| /operating_model/cells/downside_2027q4_principal_cash:downside/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/downside_2027q4_principal_cash:downside/formula/refs/1 | None | downside_2027q4_principal_weight |
| /operating_model/cells/downside_2027q4_principal_cash:downside/id | None | downside_2027q4_principal_cash |
| /operating_model/cells/downside_2027q4_principal_cash:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_principal_cash:downside/label | None | Scheduled principal cash use |
| /operating_model/cells/downside_2027q4_principal_cash:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_principal_cash:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_principal_cash:downside/value | None | 111.445 |
| /operating_model/cells/downside_2027q4_principal_weight:downside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/downside_2027q4_principal_weight:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_principal_weight:downside/id | None | downside_2027q4_principal_weight |
| /operating_model/cells/downside_2027q4_principal_weight:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_principal_weight:downside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/downside_2027q4_principal_weight:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_principal_weight:downside/unit | None | ratio |
| /operating_model/cells/downside_2027q4_principal_weight:downside/value | None | 0.5 |
| /operating_model/cells/downside_2027q4_restricted_release:downside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/downside_2027q4_restricted_release:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_restricted_release:downside/id | None | downside_2027q4_restricted_release |
| /operating_model/cells/downside_2027q4_restricted_release:downside/kind | None | assumption |
| /operating_model/cells/downside_2027q4_restricted_release:downside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/downside_2027q4_restricted_release:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_restricted_release:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_restricted_release:downside/value | None | 0.0 |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/case | None | downside |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/formula/op | None | subtract |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/formula/refs/0 | None | downside_2027q3_restricted_remaining |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/formula/refs/1 | None | downside_2027q4_restricted_release |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/id | None | downside_2027q4_restricted_remaining |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/kind | None | derived |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/period | None | 2027Q4 |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/unit | None | USD_millions |
| /operating_model/cells/downside_2027q4_restricted_remaining:downside/value | None | 409.417 |
| /operating_model/cells/downside_fy2026_funding_balance:downside/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/downside_fy2026_funding_balance:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_funding_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_funding_balance:downside/formula/refs/0 | None | downside_2026q4_funding_balance |
| /operating_model/cells/downside_fy2026_funding_balance:downside/formula/refs/1 | None | funding_zero |
| /operating_model/cells/downside_fy2026_funding_balance:downside/id | None | downside_fy2026_funding_balance |
| /operating_model/cells/downside_fy2026_funding_balance:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_funding_balance:downside/label | None | Year-end Funding balance under stated assumptions ($M) |
| /operating_model/cells/downside_fy2026_funding_balance:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_funding_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_funding_balance:downside/value | None | 952.8659999999996 |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/case | None | downside |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/formula/refs/0 | None | downside_2026q4_restricted_remaining |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/formula/refs/1 | None | funding_zero |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/id | None | downside_fy2026_restricted_remaining |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/kind | None | derived |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/label | None | Year-end Remaining restricted cash in funding bridge ($M) |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/period | None | FY2026 |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2026_restricted_remaining:downside/value | None | 409.417 |
| /operating_model/cells/downside_fy2027_funding_balance:downside/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/downside_fy2027_funding_balance:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_funding_balance:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_funding_balance:downside/formula/refs/0 | None | downside_2027q4_funding_balance |
| /operating_model/cells/downside_fy2027_funding_balance:downside/formula/refs/1 | None | funding_zero |
| /operating_model/cells/downside_fy2027_funding_balance:downside/id | None | downside_fy2027_funding_balance |
| /operating_model/cells/downside_fy2027_funding_balance:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_funding_balance:downside/label | None | Year-end Funding balance under stated assumptions ($M) |
| /operating_model/cells/downside_fy2027_funding_balance:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_funding_balance:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_funding_balance:downside/value | None | -3608.249 |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/case | None | downside |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/formula/op | None | sum |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/formula/refs/0 | None | downside_2027q4_restricted_remaining |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/formula/refs/1 | None | funding_zero |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/id | None | downside_fy2027_restricted_remaining |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/kind | None | derived |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/label | None | Year-end Remaining restricted cash in funding bridge ($M) |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/period | None | FY2027 |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/unit | None | USD_millions |
| /operating_model/cells/downside_fy2027_restricted_remaining:downside/value | None | 409.417 |
| /operating_model/cells/funding_zero:shared/basis | None | Arithmetic zero; not a reported missing cash flow. |
| /operating_model/cells/funding_zero:shared/case | None | shared |
| /operating_model/cells/funding_zero:shared/id | None | funding_zero |
| /operating_model/cells/funding_zero:shared/kind | None | assumption |
| /operating_model/cells/funding_zero:shared/label | None | No additional cash movement |
| /operating_model/cells/funding_zero:shared/period | None | Model |
| /operating_model/cells/funding_zero:shared/unit | None | USD_millions |
| /operating_model/cells/funding_zero:shared/value | None | 0.0 |
| /operating_model/cells/june_common_shares:shared/basis | None | Balance-sheet outstanding shares, not issued shares or quarterly weighted-average EPS shares. |
| /operating_model/cells/june_common_shares:shared/case | None | shared |
| /operating_model/cells/june_common_shares:shared/id | None | june_common_shares |
| /operating_model/cells/june_common_shares:shared/kind | None | reported |
| /operating_model/cells/june_common_shares:shared/label | None | June common shares outstanding |
| /operating_model/cells/june_common_shares:shared/period | None | 2026Q2 |
| /operating_model/cells/june_common_shares:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/june_common_shares:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/june_common_shares:shared/unit | None | shares_millions |
| /operating_model/cells/june_common_shares:shared/value | None | 498.932431 |
| /operating_model/cells/june_debt_principal:shared/basis | None | 10-Q principal maturity total, distinct from carrying values and derivative liabilities. |
| /operating_model/cells/june_debt_principal:shared/case | None | shared |
| /operating_model/cells/june_debt_principal:shared/id | None | june_debt_principal |
| /operating_model/cells/june_debt_principal:shared/kind | None | reported |
| /operating_model/cells/june_debt_principal:shared/label | None | June aggregate debt principal |
| /operating_model/cells/june_debt_principal:shared/period | None | 2026Q2 |
| /operating_model/cells/june_debt_principal:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/june_debt_principal:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/june_debt_principal:shared/unit | None | USD_millions |
| /operating_model/cells/june_debt_principal:shared/value | None | 5725.0 |
| /operating_model/cells/june_rsus:shared/basis | None | Unvested/participating equity claims; excludes the convertible note settlement alternatives. |
| /operating_model/cells/june_rsus:shared/case | None | shared |
| /operating_model/cells/june_rsus:shared/id | None | june_rsus |
| /operating_model/cells/june_rsus:shared/kind | None | reported |
| /operating_model/cells/june_rsus:shared/label | None | June restricted stock units |
| /operating_model/cells/june_rsus:shared/period | None | 2026Q2 |
| /operating_model/cells/june_rsus:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/june_rsus:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/june_rsus:shared/unit | None | shares_millions |
| /operating_model/cells/june_rsus:shared/value | None | 36.219695 |
| /operating_model/cells/june_warrants:shared/basis | None | 10-Q EPS note; weighted-average strike $0.10. Includes warrants already listed in that note; do not add Google again. |
| /operating_model/cells/june_warrants:shared/case | None | shared |
| /operating_model/cells/june_warrants:shared/id | None | june_warrants |
| /operating_model/cells/june_warrants:shared/kind | None | reported |
| /operating_model/cells/june_warrants:shared/label | None | June common stock warrants |
| /operating_model/cells/june_warrants:shared/period | None | 2026Q2 |
| /operating_model/cells/june_warrants:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/june_warrants:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/june_warrants:shared/unit | None | shares_millions |
| /operating_model/cells/june_warrants:shared/value | None | 77.70445 |
| /operating_model/cells/justified_outside_interest:shared/basis | None | Seller retained a 6.8% minority equity interest in the Justified development entity. Consolidated revenue is not automatically parent cash. |
| /operating_model/cells/justified_outside_interest:shared/case | None | shared |
| /operating_model/cells/justified_outside_interest:shared/id | None | justified_outside_interest |
| /operating_model/cells/justified_outside_interest:shared/kind | None | reported |
| /operating_model/cells/justified_outside_interest:shared/label | None | Justified outside equity interest |
| /operating_model/cells/justified_outside_interest:shared/period | None | 2026Q2 |
| /operating_model/cells/justified_outside_interest:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/justified_outside_interest:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/justified_outside_interest:shared/unit | None | ratio |
| /operating_model/cells/justified_outside_interest:shared/value | None | 0.068 |
| /operating_model/cells/justified_parent_interest:shared/basis | None | One less the disclosed 6.8% minority interest; no assumption that project cash is distributable. |
| /operating_model/cells/justified_parent_interest:shared/case | None | shared |
| /operating_model/cells/justified_parent_interest:shared/formula/op | None | subtract |
| /operating_model/cells/justified_parent_interest:shared/formula/refs/0 | None | ownership_one |
| /operating_model/cells/justified_parent_interest:shared/formula/refs/1 | None | justified_outside_interest |
| /operating_model/cells/justified_parent_interest:shared/id | None | justified_parent_interest |
| /operating_model/cells/justified_parent_interest:shared/kind | None | derived |
| /operating_model/cells/justified_parent_interest:shared/label | None | Justified parent equity interest |
| /operating_model/cells/justified_parent_interest:shared/period | None | 2026Q2 |
| /operating_model/cells/justified_parent_interest:shared/unit | None | ratio |
| /operating_model/cells/justified_parent_interest:shared/value | None | 0.9319999999999999 |
| /operating_model/cells/ownership_one:shared/basis | None | Arithmetic whole. |
| /operating_model/cells/ownership_one:shared/case | None | shared |
| /operating_model/cells/ownership_one:shared/id | None | ownership_one |
| /operating_model/cells/ownership_one:shared/kind | None | assumption |
| /operating_model/cells/ownership_one:shared/label | None | Whole ownership |
| /operating_model/cells/ownership_one:shared/period | None | Model |
| /operating_model/cells/ownership_one:shared/unit | None | ratio |
| /operating_model/cells/ownership_one:shared/value | None | 1.0 |
| /operating_model/cells/scheduled_2027_principal:shared/basis | None | 10-Q debt maturity table; modeled half in each April/October payment quarter. |
| /operating_model/cells/scheduled_2027_principal:shared/case | None | shared |
| /operating_model/cells/scheduled_2027_principal:shared/id | None | scheduled_2027_principal |
| /operating_model/cells/scheduled_2027_principal:shared/kind | None | reported |
| /operating_model/cells/scheduled_2027_principal:shared/label | None | Scheduled principal: 2027 |
| /operating_model/cells/scheduled_2027_principal:shared/period | None | FY2027 |
| /operating_model/cells/scheduled_2027_principal:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/scheduled_2027_principal:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/scheduled_2027_principal:shared/unit | None | USD_millions |
| /operating_model/cells/scheduled_2027_principal:shared/value | None | 222.89 |
| /operating_model/cells/scheduled_h2_principal:shared/basis | None | 10-Q debt maturity table; excludes optional early convertible settlement, cash sweeps, leases and new borrowing. |
| /operating_model/cells/scheduled_h2_principal:shared/case | None | shared |
| /operating_model/cells/scheduled_h2_principal:shared/id | None | scheduled_h2_principal |
| /operating_model/cells/scheduled_h2_principal:shared/kind | None | reported |
| /operating_model/cells/scheduled_h2_principal:shared/label | None | Scheduled principal: remainder of 2026 |
| /operating_model/cells/scheduled_h2_principal:shared/period | None | H2 2026 |
| /operating_model/cells/scheduled_h2_principal:shared/source_date | None | 2026-08-05 |
| /operating_model/cells/scheduled_h2_principal:shared/source_url | None | https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm |
| /operating_model/cells/scheduled_h2_principal:shared/unit | None | USD_millions |
| /operating_model/cells/scheduled_h2_principal:shared/value | None | 13.85 |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/basis | None | Contractual due amount times explicit collection assumption; divestiture effective July 6, not recurring operating revenue. |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/formula/refs/0 | None | abernathy_due_2026q3 |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/formula/refs/1 | None | upside_2026q3_sale_receipt_fraction |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/id | None | upside_2026q3_asset_sale_cash |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/label | None | Modeled installment cash collection |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_asset_sale_cash:upside/value | None | 250.0 |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/basis | None | Modeled cash collection times the desk cost reserve; not a reported cost. |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/formula/refs/0 | None | upside_2026q3_asset_sale_cash |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/formula/refs/1 | None | abernathy_fee_fraction |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/id | None | upside_2026q3_asset_sale_fees |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/label | None | Assumed cash cost of sale collection |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_asset_sale_fees:upside/value | None | 5.0 |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/formula/refs/0 | None | upside_2026q3_cash_after_capex |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/formula/refs/1 | None | upside_2026q3_funding_sources |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/id | None | upside_2026q3_cash_with_funding |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_cash_with_funding:upside/value | None | -443.42295 |
| /operating_model/cells/upside_2026q3_external_net_funding:upside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/upside_2026q3_external_net_funding:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_external_net_funding:upside/id | None | upside_2026q3_external_net_funding |
| /operating_model/cells/upside_2026q3_external_net_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_external_net_funding:upside/label | None | Additional net financing assumed |
| /operating_model/cells/upside_2026q3_external_net_funding:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_external_net_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_external_net_funding:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_funding_balance:upside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/upside_2026q3_funding_balance:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_funding_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_funding_balance:upside/formula/refs/0 | None | h1_cash |
| /operating_model/cells/upside_2026q3_funding_balance:upside/formula/refs/1 | None | upside_2026q3_funding_change |
| /operating_model/cells/upside_2026q3_funding_balance:upside/id | None | upside_2026q3_funding_balance |
| /operating_model/cells/upside_2026q3_funding_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_funding_balance:upside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/upside_2026q3_funding_balance:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_funding_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_funding_balance:upside/value | None | 2170.7680499999997 |
| /operating_model/cells/upside_2026q3_funding_change:upside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/upside_2026q3_funding_change:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_funding_change:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_funding_change:upside/formula/refs/0 | None | upside_2026q3_cash_with_funding |
| /operating_model/cells/upside_2026q3_funding_change:upside/formula/refs/1 | None | upside_2026q3_funding_uses |
| /operating_model/cells/upside_2026q3_funding_change:upside/id | None | upside_2026q3_funding_change |
| /operating_model/cells/upside_2026q3_funding_change:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_funding_change:upside/label | None | Net modeled funding change |
| /operating_model/cells/upside_2026q3_funding_change:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_funding_change:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_funding_change:upside/value | None | -448.42295 |
| /operating_model/cells/upside_2026q3_funding_sources:upside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/upside_2026q3_funding_sources:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_funding_sources:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_funding_sources:upside/formula/refs/0 | None | upside_2026q3_restricted_release |
| /operating_model/cells/upside_2026q3_funding_sources:upside/formula/refs/1 | None | upside_2026q3_external_net_funding |
| /operating_model/cells/upside_2026q3_funding_sources:upside/formula/refs/2 | None | upside_2026q3_asset_sale_cash |
| /operating_model/cells/upside_2026q3_funding_sources:upside/id | None | upside_2026q3_funding_sources |
| /operating_model/cells/upside_2026q3_funding_sources:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_funding_sources:upside/label | None | Funding inflows outside operating model |
| /operating_model/cells/upside_2026q3_funding_sources:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_funding_sources:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_funding_sources:upside/value | None | 250.0 |
| /operating_model/cells/upside_2026q3_funding_uses:upside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/upside_2026q3_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_funding_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q3_funding_uses:upside/formula/refs/0 | None | upside_2026q3_principal_cash |
| /operating_model/cells/upside_2026q3_funding_uses:upside/formula/refs/1 | None | upside_2026q3_other_funding_uses |
| /operating_model/cells/upside_2026q3_funding_uses:upside/formula/refs/2 | None | upside_2026q3_asset_sale_fees |
| /operating_model/cells/upside_2026q3_funding_uses:upside/id | None | upside_2026q3_funding_uses |
| /operating_model/cells/upside_2026q3_funding_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_funding_uses:upside/label | None | Cash uses outside operating model |
| /operating_model/cells/upside_2026q3_funding_uses:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_funding_uses:upside/value | None | 5.0 |
| /operating_model/cells/upside_2026q3_other_funding_uses:upside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/upside_2026q3_other_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_other_funding_uses:upside/id | None | upside_2026q3_other_funding_uses |
| /operating_model/cells/upside_2026q3_other_funding_uses:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_other_funding_uses:upside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/upside_2026q3_other_funding_uses:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_other_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_other_funding_uses:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_principal_cash:upside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/upside_2026q3_principal_cash:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_principal_cash:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q3_principal_cash:upside/formula/refs/0 | None | scheduled_h2_principal |
| /operating_model/cells/upside_2026q3_principal_cash:upside/formula/refs/1 | None | upside_2026q3_principal_weight |
| /operating_model/cells/upside_2026q3_principal_cash:upside/id | None | upside_2026q3_principal_cash |
| /operating_model/cells/upside_2026q3_principal_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_principal_cash:upside/label | None | Scheduled principal cash use |
| /operating_model/cells/upside_2026q3_principal_cash:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_principal_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_principal_cash:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_principal_weight:upside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/upside_2026q3_principal_weight:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_principal_weight:upside/id | None | upside_2026q3_principal_weight |
| /operating_model/cells/upside_2026q3_principal_weight:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_principal_weight:upside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/upside_2026q3_principal_weight:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_principal_weight:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_principal_weight:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_restricted_release:upside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/upside_2026q3_restricted_release:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_restricted_release:upside/id | None | upside_2026q3_restricted_release |
| /operating_model/cells/upside_2026q3_restricted_release:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_restricted_release:upside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/upside_2026q3_restricted_release:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_restricted_release:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_restricted_release:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/formula/refs/0 | None | h1_restricted_cash |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/formula/refs/1 | None | upside_2026q3_restricted_release |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/id | None | upside_2026q3_restricted_remaining |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/kind | None | derived |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q3_restricted_remaining:upside/value | None | 409.417 |
| /operating_model/cells/upside_2026q3_sale_receipt_fraction:upside/basis | None | Base/upside collect the contractual installment in its due quarter; downside collects half without an assumed catch-up. Collection timing and final adjustments are uncertain; these are forward assumptions, not verified bank receipts. |
| /operating_model/cells/upside_2026q3_sale_receipt_fraction:upside/case | None | upside |
| /operating_model/cells/upside_2026q3_sale_receipt_fraction:upside/id | None | upside_2026q3_sale_receipt_fraction |
| /operating_model/cells/upside_2026q3_sale_receipt_fraction:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q3_sale_receipt_fraction:upside/label | None | Assumed collection of scheduled installment |
| /operating_model/cells/upside_2026q3_sale_receipt_fraction:upside/period | None | 2026Q3 |
| /operating_model/cells/upside_2026q3_sale_receipt_fraction:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q3_sale_receipt_fraction:upside/value | None | 1.0 |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/basis | None | Contractual due amount times explicit collection assumption; divestiture effective July 6, not recurring operating revenue. |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/formula/refs/0 | None | abernathy_due_2026q4 |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/formula/refs/1 | None | upside_2026q4_sale_receipt_fraction |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/id | None | upside_2026q4_asset_sale_cash |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/label | None | Modeled installment cash collection |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_asset_sale_cash:upside/value | None | 150.0 |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/basis | None | Modeled cash collection times the desk cost reserve; not a reported cost. |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/formula/refs/0 | None | upside_2026q4_asset_sale_cash |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/formula/refs/1 | None | abernathy_fee_fraction |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/id | None | upside_2026q4_asset_sale_fees |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/label | None | Assumed cash cost of sale collection |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_asset_sale_fees:upside/value | None | 3.0 |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/formula/refs/0 | None | upside_2026q4_cash_after_capex |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/formula/refs/1 | None | upside_2026q4_funding_sources |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/id | None | upside_2026q4_cash_with_funding |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_cash_with_funding:upside/value | None | -489.76135 |
| /operating_model/cells/upside_2026q4_external_net_funding:upside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/upside_2026q4_external_net_funding:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_external_net_funding:upside/id | None | upside_2026q4_external_net_funding |
| /operating_model/cells/upside_2026q4_external_net_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_external_net_funding:upside/label | None | Additional net financing assumed |
| /operating_model/cells/upside_2026q4_external_net_funding:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_external_net_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_external_net_funding:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_funding_balance:upside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/upside_2026q4_funding_balance:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_funding_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_funding_balance:upside/formula/refs/0 | None | upside_2026q3_funding_balance |
| /operating_model/cells/upside_2026q4_funding_balance:upside/formula/refs/1 | None | upside_2026q4_funding_change |
| /operating_model/cells/upside_2026q4_funding_balance:upside/id | None | upside_2026q4_funding_balance |
| /operating_model/cells/upside_2026q4_funding_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_funding_balance:upside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/upside_2026q4_funding_balance:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_funding_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_funding_balance:upside/value | None | 1664.1566999999995 |
| /operating_model/cells/upside_2026q4_funding_change:upside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/upside_2026q4_funding_change:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_funding_change:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_funding_change:upside/formula/refs/0 | None | upside_2026q4_cash_with_funding |
| /operating_model/cells/upside_2026q4_funding_change:upside/formula/refs/1 | None | upside_2026q4_funding_uses |
| /operating_model/cells/upside_2026q4_funding_change:upside/id | None | upside_2026q4_funding_change |
| /operating_model/cells/upside_2026q4_funding_change:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_funding_change:upside/label | None | Net modeled funding change |
| /operating_model/cells/upside_2026q4_funding_change:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_funding_change:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_funding_change:upside/value | None | -506.61135 |
| /operating_model/cells/upside_2026q4_funding_sources:upside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/upside_2026q4_funding_sources:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_funding_sources:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_funding_sources:upside/formula/refs/0 | None | upside_2026q4_restricted_release |
| /operating_model/cells/upside_2026q4_funding_sources:upside/formula/refs/1 | None | upside_2026q4_external_net_funding |
| /operating_model/cells/upside_2026q4_funding_sources:upside/formula/refs/2 | None | upside_2026q4_asset_sale_cash |
| /operating_model/cells/upside_2026q4_funding_sources:upside/id | None | upside_2026q4_funding_sources |
| /operating_model/cells/upside_2026q4_funding_sources:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_funding_sources:upside/label | None | Funding inflows outside operating model |
| /operating_model/cells/upside_2026q4_funding_sources:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_funding_sources:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_funding_sources:upside/value | None | 150.0 |
| /operating_model/cells/upside_2026q4_funding_uses:upside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/upside_2026q4_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_funding_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2026q4_funding_uses:upside/formula/refs/0 | None | upside_2026q4_principal_cash |
| /operating_model/cells/upside_2026q4_funding_uses:upside/formula/refs/1 | None | upside_2026q4_other_funding_uses |
| /operating_model/cells/upside_2026q4_funding_uses:upside/formula/refs/2 | None | upside_2026q4_asset_sale_fees |
| /operating_model/cells/upside_2026q4_funding_uses:upside/id | None | upside_2026q4_funding_uses |
| /operating_model/cells/upside_2026q4_funding_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_funding_uses:upside/label | None | Cash uses outside operating model |
| /operating_model/cells/upside_2026q4_funding_uses:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_funding_uses:upside/value | None | 16.85 |
| /operating_model/cells/upside_2026q4_other_funding_uses:upside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/upside_2026q4_other_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_other_funding_uses:upside/id | None | upside_2026q4_other_funding_uses |
| /operating_model/cells/upside_2026q4_other_funding_uses:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_other_funding_uses:upside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/upside_2026q4_other_funding_uses:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_other_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_other_funding_uses:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_principal_cash:upside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/upside_2026q4_principal_cash:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_principal_cash:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2026q4_principal_cash:upside/formula/refs/0 | None | scheduled_h2_principal |
| /operating_model/cells/upside_2026q4_principal_cash:upside/formula/refs/1 | None | upside_2026q4_principal_weight |
| /operating_model/cells/upside_2026q4_principal_cash:upside/id | None | upside_2026q4_principal_cash |
| /operating_model/cells/upside_2026q4_principal_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_principal_cash:upside/label | None | Scheduled principal cash use |
| /operating_model/cells/upside_2026q4_principal_cash:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_principal_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_principal_cash:upside/value | None | 13.85 |
| /operating_model/cells/upside_2026q4_principal_weight:upside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/upside_2026q4_principal_weight:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_principal_weight:upside/id | None | upside_2026q4_principal_weight |
| /operating_model/cells/upside_2026q4_principal_weight:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_principal_weight:upside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/upside_2026q4_principal_weight:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_principal_weight:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_principal_weight:upside/value | None | 1.0 |
| /operating_model/cells/upside_2026q4_restricted_release:upside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/upside_2026q4_restricted_release:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_restricted_release:upside/id | None | upside_2026q4_restricted_release |
| /operating_model/cells/upside_2026q4_restricted_release:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_restricted_release:upside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/upside_2026q4_restricted_release:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_restricted_release:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_restricted_release:upside/value | None | 0.0 |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/formula/refs/0 | None | upside_2026q3_restricted_remaining |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/formula/refs/1 | None | upside_2026q4_restricted_release |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/id | None | upside_2026q4_restricted_remaining |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/kind | None | derived |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2026q4_restricted_remaining:upside/value | None | 409.417 |
| /operating_model/cells/upside_2026q4_sale_receipt_fraction:upside/basis | None | Base/upside collect the contractual installment in its due quarter; downside collects half without an assumed catch-up. Collection timing and final adjustments are uncertain; these are forward assumptions, not verified bank receipts. |
| /operating_model/cells/upside_2026q4_sale_receipt_fraction:upside/case | None | upside |
| /operating_model/cells/upside_2026q4_sale_receipt_fraction:upside/id | None | upside_2026q4_sale_receipt_fraction |
| /operating_model/cells/upside_2026q4_sale_receipt_fraction:upside/kind | None | assumption |
| /operating_model/cells/upside_2026q4_sale_receipt_fraction:upside/label | None | Assumed collection of scheduled installment |
| /operating_model/cells/upside_2026q4_sale_receipt_fraction:upside/period | None | 2026Q4 |
| /operating_model/cells/upside_2026q4_sale_receipt_fraction:upside/unit | None | ratio |
| /operating_model/cells/upside_2026q4_sale_receipt_fraction:upside/value | None | 1.0 |
| /operating_model/cells/upside_2027q1_asset_sale_cash:upside/basis | None | No other asset sales assumed; no sale revenue is counted as recurring operating cash. |
| /operating_model/cells/upside_2027q1_asset_sale_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_asset_sale_cash:upside/id | None | upside_2027q1_asset_sale_cash |
| /operating_model/cells/upside_2027q1_asset_sale_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_asset_sale_cash:upside/label | None | Asset-sale cash assumed |
| /operating_model/cells/upside_2027q1_asset_sale_cash:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_asset_sale_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_asset_sale_cash:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/formula/refs/0 | None | upside_2027q1_cash_after_capex |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/formula/refs/1 | None | upside_2027q1_funding_sources |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/id | None | upside_2027q1_cash_with_funding |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_cash_with_funding:upside/value | None | -691.32475 |
| /operating_model/cells/upside_2027q1_external_net_funding:upside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/upside_2027q1_external_net_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_external_net_funding:upside/id | None | upside_2027q1_external_net_funding |
| /operating_model/cells/upside_2027q1_external_net_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_external_net_funding:upside/label | None | Additional net financing assumed |
| /operating_model/cells/upside_2027q1_external_net_funding:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_external_net_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_external_net_funding:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_funding_balance:upside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/upside_2027q1_funding_balance:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_funding_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_funding_balance:upside/formula/refs/0 | None | upside_2026q4_funding_balance |
| /operating_model/cells/upside_2027q1_funding_balance:upside/formula/refs/1 | None | upside_2027q1_funding_change |
| /operating_model/cells/upside_2027q1_funding_balance:upside/id | None | upside_2027q1_funding_balance |
| /operating_model/cells/upside_2027q1_funding_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_funding_balance:upside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/upside_2027q1_funding_balance:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_funding_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_funding_balance:upside/value | None | 972.8319499999996 |
| /operating_model/cells/upside_2027q1_funding_change:upside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/upside_2027q1_funding_change:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_funding_change:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_funding_change:upside/formula/refs/0 | None | upside_2027q1_cash_with_funding |
| /operating_model/cells/upside_2027q1_funding_change:upside/formula/refs/1 | None | upside_2027q1_funding_uses |
| /operating_model/cells/upside_2027q1_funding_change:upside/id | None | upside_2027q1_funding_change |
| /operating_model/cells/upside_2027q1_funding_change:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_funding_change:upside/label | None | Net modeled funding change |
| /operating_model/cells/upside_2027q1_funding_change:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_funding_change:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_funding_change:upside/value | None | -691.32475 |
| /operating_model/cells/upside_2027q1_funding_sources:upside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/upside_2027q1_funding_sources:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_funding_sources:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_funding_sources:upside/formula/refs/0 | None | upside_2027q1_restricted_release |
| /operating_model/cells/upside_2027q1_funding_sources:upside/formula/refs/1 | None | upside_2027q1_external_net_funding |
| /operating_model/cells/upside_2027q1_funding_sources:upside/formula/refs/2 | None | upside_2027q1_asset_sale_cash |
| /operating_model/cells/upside_2027q1_funding_sources:upside/id | None | upside_2027q1_funding_sources |
| /operating_model/cells/upside_2027q1_funding_sources:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_funding_sources:upside/label | None | Funding inflows outside operating model |
| /operating_model/cells/upside_2027q1_funding_sources:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_funding_sources:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_funding_sources:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_funding_uses:upside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/upside_2027q1_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_funding_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q1_funding_uses:upside/formula/refs/0 | None | upside_2027q1_principal_cash |
| /operating_model/cells/upside_2027q1_funding_uses:upside/formula/refs/1 | None | upside_2027q1_other_funding_uses |
| /operating_model/cells/upside_2027q1_funding_uses:upside/id | None | upside_2027q1_funding_uses |
| /operating_model/cells/upside_2027q1_funding_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_funding_uses:upside/label | None | Cash uses outside operating model |
| /operating_model/cells/upside_2027q1_funding_uses:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_funding_uses:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_other_funding_uses:upside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/upside_2027q1_other_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_other_funding_uses:upside/id | None | upside_2027q1_other_funding_uses |
| /operating_model/cells/upside_2027q1_other_funding_uses:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_other_funding_uses:upside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/upside_2027q1_other_funding_uses:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_other_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_other_funding_uses:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_principal_cash:upside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/upside_2027q1_principal_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_principal_cash:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q1_principal_cash:upside/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/upside_2027q1_principal_cash:upside/formula/refs/1 | None | upside_2027q1_principal_weight |
| /operating_model/cells/upside_2027q1_principal_cash:upside/id | None | upside_2027q1_principal_cash |
| /operating_model/cells/upside_2027q1_principal_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_principal_cash:upside/label | None | Scheduled principal cash use |
| /operating_model/cells/upside_2027q1_principal_cash:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_principal_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_principal_cash:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_principal_weight:upside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/upside_2027q1_principal_weight:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_principal_weight:upside/id | None | upside_2027q1_principal_weight |
| /operating_model/cells/upside_2027q1_principal_weight:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_principal_weight:upside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/upside_2027q1_principal_weight:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_principal_weight:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q1_principal_weight:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_restricted_release:upside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/upside_2027q1_restricted_release:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_restricted_release:upside/id | None | upside_2027q1_restricted_release |
| /operating_model/cells/upside_2027q1_restricted_release:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q1_restricted_release:upside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/upside_2027q1_restricted_release:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_restricted_release:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_restricted_release:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/case | None | upside |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/formula/refs/0 | None | upside_2026q4_restricted_remaining |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/formula/refs/1 | None | upside_2027q1_restricted_release |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/id | None | upside_2027q1_restricted_remaining |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/kind | None | derived |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/period | None | 2027Q1 |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q1_restricted_remaining:upside/value | None | 409.417 |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/basis | None | Contractual due amount times explicit collection assumption; divestiture effective July 6, not recurring operating revenue. |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/formula/refs/0 | None | abernathy_due_2027q2 |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/formula/refs/1 | None | upside_2027q2_sale_receipt_fraction |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/id | None | upside_2027q2_asset_sale_cash |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/label | None | Modeled installment cash collection |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_asset_sale_cash:upside/value | None | 130.0 |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/basis | None | Modeled cash collection times the desk cost reserve; not a reported cost. |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/formula/refs/0 | None | upside_2027q2_asset_sale_cash |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/formula/refs/1 | None | abernathy_fee_fraction |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/id | None | upside_2027q2_asset_sale_fees |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/label | None | Assumed cash cost of sale collection |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_asset_sale_fees:upside/value | None | 2.6 |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/formula/refs/0 | None | upside_2027q2_cash_after_capex |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/formula/refs/1 | None | upside_2027q2_funding_sources |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/id | None | upside_2027q2_cash_with_funding |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_cash_with_funding:upside/value | None | -625.9965 |
| /operating_model/cells/upside_2027q2_external_net_funding:upside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/upside_2027q2_external_net_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_external_net_funding:upside/id | None | upside_2027q2_external_net_funding |
| /operating_model/cells/upside_2027q2_external_net_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_external_net_funding:upside/label | None | Additional net financing assumed |
| /operating_model/cells/upside_2027q2_external_net_funding:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_external_net_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_external_net_funding:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q2_funding_balance:upside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/upside_2027q2_funding_balance:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_funding_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_funding_balance:upside/formula/refs/0 | None | upside_2027q1_funding_balance |
| /operating_model/cells/upside_2027q2_funding_balance:upside/formula/refs/1 | None | upside_2027q2_funding_change |
| /operating_model/cells/upside_2027q2_funding_balance:upside/id | None | upside_2027q2_funding_balance |
| /operating_model/cells/upside_2027q2_funding_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_funding_balance:upside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/upside_2027q2_funding_balance:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_funding_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_funding_balance:upside/value | None | 232.79044999999962 |
| /operating_model/cells/upside_2027q2_funding_change:upside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/upside_2027q2_funding_change:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_funding_change:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_funding_change:upside/formula/refs/0 | None | upside_2027q2_cash_with_funding |
| /operating_model/cells/upside_2027q2_funding_change:upside/formula/refs/1 | None | upside_2027q2_funding_uses |
| /operating_model/cells/upside_2027q2_funding_change:upside/id | None | upside_2027q2_funding_change |
| /operating_model/cells/upside_2027q2_funding_change:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_funding_change:upside/label | None | Net modeled funding change |
| /operating_model/cells/upside_2027q2_funding_change:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_funding_change:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_funding_change:upside/value | None | -740.0414999999999 |
| /operating_model/cells/upside_2027q2_funding_sources:upside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/upside_2027q2_funding_sources:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_funding_sources:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_funding_sources:upside/formula/refs/0 | None | upside_2027q2_restricted_release |
| /operating_model/cells/upside_2027q2_funding_sources:upside/formula/refs/1 | None | upside_2027q2_external_net_funding |
| /operating_model/cells/upside_2027q2_funding_sources:upside/formula/refs/2 | None | upside_2027q2_asset_sale_cash |
| /operating_model/cells/upside_2027q2_funding_sources:upside/id | None | upside_2027q2_funding_sources |
| /operating_model/cells/upside_2027q2_funding_sources:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_funding_sources:upside/label | None | Funding inflows outside operating model |
| /operating_model/cells/upside_2027q2_funding_sources:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_funding_sources:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_funding_sources:upside/value | None | 130.0 |
| /operating_model/cells/upside_2027q2_funding_uses:upside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/upside_2027q2_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_funding_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q2_funding_uses:upside/formula/refs/0 | None | upside_2027q2_principal_cash |
| /operating_model/cells/upside_2027q2_funding_uses:upside/formula/refs/1 | None | upside_2027q2_other_funding_uses |
| /operating_model/cells/upside_2027q2_funding_uses:upside/formula/refs/2 | None | upside_2027q2_asset_sale_fees |
| /operating_model/cells/upside_2027q2_funding_uses:upside/id | None | upside_2027q2_funding_uses |
| /operating_model/cells/upside_2027q2_funding_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_funding_uses:upside/label | None | Cash uses outside operating model |
| /operating_model/cells/upside_2027q2_funding_uses:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_funding_uses:upside/value | None | 114.04499999999999 |
| /operating_model/cells/upside_2027q2_other_funding_uses:upside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/upside_2027q2_other_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_other_funding_uses:upside/id | None | upside_2027q2_other_funding_uses |
| /operating_model/cells/upside_2027q2_other_funding_uses:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_other_funding_uses:upside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/upside_2027q2_other_funding_uses:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_other_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_other_funding_uses:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q2_principal_cash:upside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/upside_2027q2_principal_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_principal_cash:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q2_principal_cash:upside/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/upside_2027q2_principal_cash:upside/formula/refs/1 | None | upside_2027q2_principal_weight |
| /operating_model/cells/upside_2027q2_principal_cash:upside/id | None | upside_2027q2_principal_cash |
| /operating_model/cells/upside_2027q2_principal_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_principal_cash:upside/label | None | Scheduled principal cash use |
| /operating_model/cells/upside_2027q2_principal_cash:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_principal_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_principal_cash:upside/value | None | 111.445 |
| /operating_model/cells/upside_2027q2_principal_weight:upside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/upside_2027q2_principal_weight:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_principal_weight:upside/id | None | upside_2027q2_principal_weight |
| /operating_model/cells/upside_2027q2_principal_weight:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_principal_weight:upside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/upside_2027q2_principal_weight:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_principal_weight:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_principal_weight:upside/value | None | 0.5 |
| /operating_model/cells/upside_2027q2_restricted_release:upside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/upside_2027q2_restricted_release:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_restricted_release:upside/id | None | upside_2027q2_restricted_release |
| /operating_model/cells/upside_2027q2_restricted_release:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_restricted_release:upside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/upside_2027q2_restricted_release:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_restricted_release:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_restricted_release:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/formula/refs/0 | None | upside_2027q1_restricted_remaining |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/formula/refs/1 | None | upside_2027q2_restricted_release |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/id | None | upside_2027q2_restricted_remaining |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/kind | None | derived |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q2_restricted_remaining:upside/value | None | 409.417 |
| /operating_model/cells/upside_2027q2_sale_receipt_fraction:upside/basis | None | Base/upside collect the contractual installment in its due quarter; downside collects half without an assumed catch-up. Collection timing and final adjustments are uncertain; these are forward assumptions, not verified bank receipts. |
| /operating_model/cells/upside_2027q2_sale_receipt_fraction:upside/case | None | upside |
| /operating_model/cells/upside_2027q2_sale_receipt_fraction:upside/id | None | upside_2027q2_sale_receipt_fraction |
| /operating_model/cells/upside_2027q2_sale_receipt_fraction:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q2_sale_receipt_fraction:upside/label | None | Assumed collection of scheduled installment |
| /operating_model/cells/upside_2027q2_sale_receipt_fraction:upside/period | None | 2027Q2 |
| /operating_model/cells/upside_2027q2_sale_receipt_fraction:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q2_sale_receipt_fraction:upside/value | None | 1.0 |
| /operating_model/cells/upside_2027q3_asset_sale_cash:upside/basis | None | No other asset sales assumed; no sale revenue is counted as recurring operating cash. |
| /operating_model/cells/upside_2027q3_asset_sale_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_asset_sale_cash:upside/id | None | upside_2027q3_asset_sale_cash |
| /operating_model/cells/upside_2027q3_asset_sale_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_asset_sale_cash:upside/label | None | Asset-sale cash assumed |
| /operating_model/cells/upside_2027q3_asset_sale_cash:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_asset_sale_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_asset_sale_cash:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/formula/refs/0 | None | upside_2027q3_cash_after_capex |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/formula/refs/1 | None | upside_2027q3_funding_sources |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/id | None | upside_2027q3_cash_with_funding |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_cash_with_funding:upside/value | None | -780.9238650872817 |
| /operating_model/cells/upside_2027q3_external_net_funding:upside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/upside_2027q3_external_net_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_external_net_funding:upside/id | None | upside_2027q3_external_net_funding |
| /operating_model/cells/upside_2027q3_external_net_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_external_net_funding:upside/label | None | Additional net financing assumed |
| /operating_model/cells/upside_2027q3_external_net_funding:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_external_net_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_external_net_funding:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_funding_balance:upside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/upside_2027q3_funding_balance:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_funding_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_funding_balance:upside/formula/refs/0 | None | upside_2027q2_funding_balance |
| /operating_model/cells/upside_2027q3_funding_balance:upside/formula/refs/1 | None | upside_2027q3_funding_change |
| /operating_model/cells/upside_2027q3_funding_balance:upside/id | None | upside_2027q3_funding_balance |
| /operating_model/cells/upside_2027q3_funding_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_funding_balance:upside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/upside_2027q3_funding_balance:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_funding_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_funding_balance:upside/value | None | -548.1334150872821 |
| /operating_model/cells/upside_2027q3_funding_change:upside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/upside_2027q3_funding_change:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_funding_change:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_funding_change:upside/formula/refs/0 | None | upside_2027q3_cash_with_funding |
| /operating_model/cells/upside_2027q3_funding_change:upside/formula/refs/1 | None | upside_2027q3_funding_uses |
| /operating_model/cells/upside_2027q3_funding_change:upside/id | None | upside_2027q3_funding_change |
| /operating_model/cells/upside_2027q3_funding_change:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_funding_change:upside/label | None | Net modeled funding change |
| /operating_model/cells/upside_2027q3_funding_change:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_funding_change:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_funding_change:upside/value | None | -780.9238650872817 |
| /operating_model/cells/upside_2027q3_funding_sources:upside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/upside_2027q3_funding_sources:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_funding_sources:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_funding_sources:upside/formula/refs/0 | None | upside_2027q3_restricted_release |
| /operating_model/cells/upside_2027q3_funding_sources:upside/formula/refs/1 | None | upside_2027q3_external_net_funding |
| /operating_model/cells/upside_2027q3_funding_sources:upside/formula/refs/2 | None | upside_2027q3_asset_sale_cash |
| /operating_model/cells/upside_2027q3_funding_sources:upside/id | None | upside_2027q3_funding_sources |
| /operating_model/cells/upside_2027q3_funding_sources:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_funding_sources:upside/label | None | Funding inflows outside operating model |
| /operating_model/cells/upside_2027q3_funding_sources:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_funding_sources:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_funding_sources:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_funding_uses:upside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/upside_2027q3_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_funding_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q3_funding_uses:upside/formula/refs/0 | None | upside_2027q3_principal_cash |
| /operating_model/cells/upside_2027q3_funding_uses:upside/formula/refs/1 | None | upside_2027q3_other_funding_uses |
| /operating_model/cells/upside_2027q3_funding_uses:upside/id | None | upside_2027q3_funding_uses |
| /operating_model/cells/upside_2027q3_funding_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_funding_uses:upside/label | None | Cash uses outside operating model |
| /operating_model/cells/upside_2027q3_funding_uses:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_funding_uses:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_other_funding_uses:upside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/upside_2027q3_other_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_other_funding_uses:upside/id | None | upside_2027q3_other_funding_uses |
| /operating_model/cells/upside_2027q3_other_funding_uses:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_other_funding_uses:upside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/upside_2027q3_other_funding_uses:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_other_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_other_funding_uses:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_principal_cash:upside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/upside_2027q3_principal_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_principal_cash:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q3_principal_cash:upside/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/upside_2027q3_principal_cash:upside/formula/refs/1 | None | upside_2027q3_principal_weight |
| /operating_model/cells/upside_2027q3_principal_cash:upside/id | None | upside_2027q3_principal_cash |
| /operating_model/cells/upside_2027q3_principal_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_principal_cash:upside/label | None | Scheduled principal cash use |
| /operating_model/cells/upside_2027q3_principal_cash:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_principal_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_principal_cash:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_principal_weight:upside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/upside_2027q3_principal_weight:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_principal_weight:upside/id | None | upside_2027q3_principal_weight |
| /operating_model/cells/upside_2027q3_principal_weight:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_principal_weight:upside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/upside_2027q3_principal_weight:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_principal_weight:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q3_principal_weight:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_restricted_release:upside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/upside_2027q3_restricted_release:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_restricted_release:upside/id | None | upside_2027q3_restricted_release |
| /operating_model/cells/upside_2027q3_restricted_release:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q3_restricted_release:upside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/upside_2027q3_restricted_release:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_restricted_release:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_restricted_release:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/case | None | upside |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/formula/refs/0 | None | upside_2027q2_restricted_remaining |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/formula/refs/1 | None | upside_2027q3_restricted_release |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/id | None | upside_2027q3_restricted_remaining |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/kind | None | derived |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/period | None | 2027Q3 |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q3_restricted_remaining:upside/value | None | 409.417 |
| /operating_model/cells/upside_2027q4_asset_sale_cash:upside/basis | None | No other asset sales assumed; no sale revenue is counted as recurring operating cash. |
| /operating_model/cells/upside_2027q4_asset_sale_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_asset_sale_cash:upside/id | None | upside_2027q4_asset_sale_cash |
| /operating_model/cells/upside_2027q4_asset_sale_cash:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_asset_sale_cash:upside/label | None | Asset-sale cash assumed |
| /operating_model/cells/upside_2027q4_asset_sale_cash:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_asset_sale_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_asset_sale_cash:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/basis | None | Combines the operating model with explicit financing/restricted-fund assumptions once. |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/formula/refs/0 | None | upside_2027q4_cash_after_capex |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/formula/refs/1 | None | upside_2027q4_funding_sources |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/id | None | upside_2027q4_cash_with_funding |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/label | None | Operating cash after capex plus funding |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_cash_with_funding:upside/value | None | -671.479816957606 |
| /operating_model/cells/upside_2027q4_external_net_funding:upside/basis | None | No unspecified new funding assumed. A negative funding balance identifies financing or spending changes still needed; it is not a forecast negative bank balance. |
| /operating_model/cells/upside_2027q4_external_net_funding:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_external_net_funding:upside/id | None | upside_2027q4_external_net_funding |
| /operating_model/cells/upside_2027q4_external_net_funding:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_external_net_funding:upside/label | None | Additional net financing assumed |
| /operating_model/cells/upside_2027q4_external_net_funding:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_external_net_funding:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_external_net_funding:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q4_funding_balance:upside/basis | None | June unrestricted-cash baseline rolled through operating, capex and explicit funding assumptions. Negative means an unfilled funding requirement. This is not current cash, bank availability, owner distributions or a fully funded claim. |
| /operating_model/cells/upside_2027q4_funding_balance:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_funding_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_funding_balance:upside/formula/refs/0 | None | upside_2027q3_funding_balance |
| /operating_model/cells/upside_2027q4_funding_balance:upside/formula/refs/1 | None | upside_2027q4_funding_change |
| /operating_model/cells/upside_2027q4_funding_balance:upside/id | None | upside_2027q4_funding_balance |
| /operating_model/cells/upside_2027q4_funding_balance:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_funding_balance:upside/label | None | Funding balance under stated assumptions |
| /operating_model/cells/upside_2027q4_funding_balance:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_funding_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_funding_balance:upside/value | None | -1331.058232044888 |
| /operating_model/cells/upside_2027q4_funding_change:upside/basis | None | Funding inflows less explicit cash uses; not a full GAAP cash-flow statement. |
| /operating_model/cells/upside_2027q4_funding_change:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_funding_change:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_funding_change:upside/formula/refs/0 | None | upside_2027q4_cash_with_funding |
| /operating_model/cells/upside_2027q4_funding_change:upside/formula/refs/1 | None | upside_2027q4_funding_uses |
| /operating_model/cells/upside_2027q4_funding_change:upside/id | None | upside_2027q4_funding_change |
| /operating_model/cells/upside_2027q4_funding_change:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_funding_change:upside/label | None | Net modeled funding change |
| /operating_model/cells/upside_2027q4_funding_change:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_funding_change:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_funding_change:upside/value | None | -782.924816957606 |
| /operating_model/cells/upside_2027q4_funding_sources:upside/basis | None | Transfers from restricted cash, dated financing and conditional disposals stay distinct from revenue. |
| /operating_model/cells/upside_2027q4_funding_sources:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_funding_sources:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_funding_sources:upside/formula/refs/0 | None | upside_2027q4_restricted_release |
| /operating_model/cells/upside_2027q4_funding_sources:upside/formula/refs/1 | None | upside_2027q4_external_net_funding |
| /operating_model/cells/upside_2027q4_funding_sources:upside/formula/refs/2 | None | upside_2027q4_asset_sale_cash |
| /operating_model/cells/upside_2027q4_funding_sources:upside/id | None | upside_2027q4_funding_sources |
| /operating_model/cells/upside_2027q4_funding_sources:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_funding_sources:upside/label | None | Funding inflows outside operating model |
| /operating_model/cells/upside_2027q4_funding_sources:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_funding_sources:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_funding_sources:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q4_funding_uses:upside/basis | None | Principal and extra investing/ownership uses; interest, working capital and capex are already in the existing operating bridge. |
| /operating_model/cells/upside_2027q4_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_funding_uses:upside/formula/op | None | sum |
| /operating_model/cells/upside_2027q4_funding_uses:upside/formula/refs/0 | None | upside_2027q4_principal_cash |
| /operating_model/cells/upside_2027q4_funding_uses:upside/formula/refs/1 | None | upside_2027q4_other_funding_uses |
| /operating_model/cells/upside_2027q4_funding_uses:upside/id | None | upside_2027q4_funding_uses |
| /operating_model/cells/upside_2027q4_funding_uses:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_funding_uses:upside/label | None | Cash uses outside operating model |
| /operating_model/cells/upside_2027q4_funding_uses:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_funding_uses:upside/value | None | 111.445 |
| /operating_model/cells/upside_2027q4_other_funding_uses:upside/basis | None | Zero leaves unspecified future acquisitions, minority put/distributions and cash sweeps unmodeled, not known absent. Sale costs are a separate explicit assumption; construction already in capex is not deducted twice. |
| /operating_model/cells/upside_2027q4_other_funding_uses:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_other_funding_uses:upside/id | None | upside_2027q4_other_funding_uses |
| /operating_model/cells/upside_2027q4_other_funding_uses:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_other_funding_uses:upside/label | None | Additional investing, fees and outside-owner cash uses |
| /operating_model/cells/upside_2027q4_other_funding_uses:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_other_funding_uses:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_other_funding_uses:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q4_principal_cash:upside/basis | None | Annual disclosed maturity times explicit quarterly allocation. No second deduction of operating coupon costs. |
| /operating_model/cells/upside_2027q4_principal_cash:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_principal_cash:upside/formula/op | None | multiply |
| /operating_model/cells/upside_2027q4_principal_cash:upside/formula/refs/0 | None | scheduled_2027_principal |
| /operating_model/cells/upside_2027q4_principal_cash:upside/formula/refs/1 | None | upside_2027q4_principal_weight |
| /operating_model/cells/upside_2027q4_principal_cash:upside/id | None | upside_2027q4_principal_cash |
| /operating_model/cells/upside_2027q4_principal_cash:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_principal_cash:upside/label | None | Scheduled principal cash use |
| /operating_model/cells/upside_2027q4_principal_cash:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_principal_cash:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_principal_cash:upside/value | None | 111.445 |
| /operating_model/cells/upside_2027q4_principal_weight:upside/basis | None | Disclosed secured-note semiannual April/October payment quarters; optional early conversion and excess-cash-flow sweeps are not modeled. |
| /operating_model/cells/upside_2027q4_principal_weight:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_principal_weight:upside/id | None | upside_2027q4_principal_weight |
| /operating_model/cells/upside_2027q4_principal_weight:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_principal_weight:upside/label | None | Share of dated annual principal schedule |
| /operating_model/cells/upside_2027q4_principal_weight:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_principal_weight:upside/unit | None | ratio |
| /operating_model/cells/upside_2027q4_principal_weight:upside/value | None | 0.5 |
| /operating_model/cells/upside_2027q4_restricted_release:upside/basis | None | No restricted funds assumed available for general funding. Change only with source-backed release conditions; this balance is not free parent cash. |
| /operating_model/cells/upside_2027q4_restricted_release:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_restricted_release:upside/id | None | upside_2027q4_restricted_release |
| /operating_model/cells/upside_2027q4_restricted_release:upside/kind | None | assumption |
| /operating_model/cells/upside_2027q4_restricted_release:upside/label | None | Restricted funds used for qualifying spending |
| /operating_model/cells/upside_2027q4_restricted_release:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_restricted_release:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_restricted_release:upside/value | None | 0.0 |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/basis | None | Opening restricted balance less modeled release. Not automatically available to satisfy other project or parent claims. |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/case | None | upside |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/formula/op | None | subtract |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/formula/refs/0 | None | upside_2027q3_restricted_remaining |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/formula/refs/1 | None | upside_2027q4_restricted_release |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/id | None | upside_2027q4_restricted_remaining |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/kind | None | derived |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/label | None | Remaining restricted cash in funding bridge |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/period | None | 2027Q4 |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/unit | None | USD_millions |
| /operating_model/cells/upside_2027q4_restricted_remaining:upside/value | None | 409.417 |
| /operating_model/cells/upside_fy2026_funding_balance:upside/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/upside_fy2026_funding_balance:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_funding_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_funding_balance:upside/formula/refs/0 | None | upside_2026q4_funding_balance |
| /operating_model/cells/upside_fy2026_funding_balance:upside/formula/refs/1 | None | funding_zero |
| /operating_model/cells/upside_fy2026_funding_balance:upside/id | None | upside_fy2026_funding_balance |
| /operating_model/cells/upside_fy2026_funding_balance:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_funding_balance:upside/label | None | Year-end Funding balance under stated assumptions ($M) |
| /operating_model/cells/upside_fy2026_funding_balance:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_funding_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_funding_balance:upside/value | None | 1664.1566999999995 |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/case | None | upside |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/formula/refs/0 | None | upside_2026q4_restricted_remaining |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/formula/refs/1 | None | funding_zero |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/id | None | upside_fy2026_restricted_remaining |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/kind | None | derived |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/label | None | Year-end Remaining restricted cash in funding bridge ($M) |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/period | None | FY2026 |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2026_restricted_remaining:upside/value | None | 409.417 |
| /operating_model/cells/upside_fy2027_funding_balance:upside/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/upside_fy2027_funding_balance:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_funding_balance:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_funding_balance:upside/formula/refs/0 | None | upside_2027q4_funding_balance |
| /operating_model/cells/upside_fy2027_funding_balance:upside/formula/refs/1 | None | funding_zero |
| /operating_model/cells/upside_fy2027_funding_balance:upside/id | None | upside_fy2027_funding_balance |
| /operating_model/cells/upside_fy2027_funding_balance:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_funding_balance:upside/label | None | Year-end Funding balance under stated assumptions ($M) |
| /operating_model/cells/upside_fy2027_funding_balance:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_funding_balance:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_funding_balance:upside/value | None | -1331.058232044888 |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/basis | None | Year-end stock equals Q4 ending balance; quarterly balances are never summed. |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/case | None | upside |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/formula/op | None | sum |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/formula/refs/0 | None | upside_2027q4_restricted_remaining |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/formula/refs/1 | None | funding_zero |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/id | None | upside_fy2027_restricted_remaining |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/kind | None | derived |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/label | None | Year-end Remaining restricted cash in funding bridge ($M) |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/period | None | FY2027 |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/unit | None | USD_millions |
| /operating_model/cells/upside_fy2027_restricted_remaining:upside/value | None | 409.417 |
| /operating_model/highlights/10 | None | june_warrants |
| /operating_model/highlights/11 | None | justified_outside_interest |
| /operating_model/highlights/12 | None | abernathy_expected_proceeds |
| /operating_model/highlights/7 | None | june_debt_principal |
| /operating_model/highlights/8 | None | scheduled_2027_principal |
| /operating_model/highlights/9 | None | june_common_shares |
| /operating_model/limitations/0 | Initial operating scenarios without full GAAP earnings, a debt maturity schedule or equity valuation. | Funding balances are conditional planning arithmetic from June cash, not present cash or a reconciled GAAP balance sheet. Negative balances identify unfilled funding needs. New issuance, early conversion, contingent claims, cash sweeps, acquisitions and minority distributions remain explicit gaps; no fully diluted EPS or equity valuation is claimed. |
| /operating_model/limitations/4 | The agreed Abernathy divestiture is not assumed closed cash. Muskie, Chesapeake and Hawkeye do not earn modeled 2026-27 revenue. | Abernathy was disposed effective July 6; scheduled collections are modeled conditionally and do not establish actual receipt. Muskie, Chesapeake and Hawkeye do not earn modeled 2026-27 revenue. |
| /operating_model/limitations/5 | None | June consolidated cash is not automatically distributable parent cash. Justified has a 6.8% outside interest, project debt has completion guarantees and cash-sweep provisions, and early convertible cash settlements are not captured by scheduled maturities. Base/upside assume collection by the contractual due quarters; downside collects half, without a fictitious later catch-up. The non-dilutive Justified seller interest has a fixed-price put after the first operating anniversary, net of distributions; its undisclosed settlement is not inferred from its accounting value. |
| /operating_model/method | Model Lake Mariner and Justified separately using average rent-producing critical IT MW in each quarter. Lake Mariner uses an explicit assumed annual rent per MW. Justified starts with disclosed base contract value divided by its 20-year term and scales by active capacity, with a haircut for early-year rent versus lifetime average. Add mining, then deduct cash site costs, overhead, net interest and other cash uses. FY2026 includes reported H1; FY2027 is a desk extension. | Model Lake Mariner and Justified separately using average rent-producing critical IT MW in each quarter. Lake Mariner uses an explicit assumed annual rent per MW. Justified starts with disclosed base contract value divided by its 20-year term and scales by active capacity, with a haircut for early-year rent versus lifetime average. Add mining, then deduct cash site costs, overhead, net interest and other cash uses. FY2026 includes reported H1; FY2027 is a desk extension. A separate funding roll-forward reconciles June unrestricted cash, operating cash after capex, restricted releases, dated net financing and principal/other cash uses. Annual funding balances use Q4 stocks. Negative values show unfilled financing needs, not feasible negative cash accounts. |
| /operating_model/metrics/funding_balance | None | Funding balance under stated assumptions ($M) |
| /operating_model/metrics/restricted_remaining | None | Remaining restricted cash in funding bridge ($M) |
| /operating_model/outputs/2026Q3:base/metrics/funding_balance | None | base_2026q3_funding_balance |
| /operating_model/outputs/2026Q3:base/metrics/restricted_remaining | None | base_2026q3_restricted_remaining |
| /operating_model/outputs/2026Q3:base/values/funding_balance | None | 2090.9745 |
| /operating_model/outputs/2026Q3:base/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2026Q3:downside/metrics/funding_balance | None | downside_2026q3_funding_balance |
| /operating_model/outputs/2026Q3:downside/metrics/restricted_remaining | None | downside_2026q3_restricted_remaining |
| /operating_model/outputs/2026Q3:downside/values/funding_balance | None | 1833.7909999999997 |
| /operating_model/outputs/2026Q3:downside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2026Q3:upside/metrics/funding_balance | None | upside_2026q3_funding_balance |
| /operating_model/outputs/2026Q3:upside/metrics/restricted_remaining | None | upside_2026q3_restricted_remaining |
| /operating_model/outputs/2026Q3:upside/values/funding_balance | None | 2170.7680499999997 |
| /operating_model/outputs/2026Q3:upside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2026Q4:base/metrics/funding_balance | None | base_2026q4_funding_balance |
| /operating_model/outputs/2026Q4:base/metrics/restricted_remaining | None | base_2026q4_restricted_remaining |
| /operating_model/outputs/2026Q4:base/values/funding_balance | None | 1489.1512999999998 |
| /operating_model/outputs/2026Q4:base/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2026Q4:downside/metrics/funding_balance | None | downside_2026q4_funding_balance |
| /operating_model/outputs/2026Q4:downside/metrics/restricted_remaining | None | downside_2026q4_restricted_remaining |
| /operating_model/outputs/2026Q4:downside/values/funding_balance | None | 952.8659999999996 |
| /operating_model/outputs/2026Q4:downside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2026Q4:upside/metrics/funding_balance | None | upside_2026q4_funding_balance |
| /operating_model/outputs/2026Q4:upside/metrics/restricted_remaining | None | upside_2026q4_restricted_remaining |
| /operating_model/outputs/2026Q4:upside/values/funding_balance | None | 1664.1566999999995 |
| /operating_model/outputs/2026Q4:upside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2027Q1:base/metrics/funding_balance | None | base_2027q1_funding_balance |
| /operating_model/outputs/2027Q1:base/metrics/restricted_remaining | None | base_2027q1_restricted_remaining |
| /operating_model/outputs/2027Q1:base/values/funding_balance | None | 697.9213999999997 |
| /operating_model/outputs/2027Q1:base/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2027Q1:downside/metrics/funding_balance | None | downside_2027q1_funding_balance |
| /operating_model/outputs/2027Q1:downside/metrics/restricted_remaining | None | downside_2027q1_restricted_remaining |
| /operating_model/outputs/2027Q1:downside/values/funding_balance | None | -110.25900000000036 |
| /operating_model/outputs/2027Q1:downside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2027Q1:upside/metrics/funding_balance | None | upside_2027q1_funding_balance |
| /operating_model/outputs/2027Q1:upside/metrics/restricted_remaining | None | upside_2027q1_restricted_remaining |
| /operating_model/outputs/2027Q1:upside/values/funding_balance | None | 972.8319499999996 |
| /operating_model/outputs/2027Q1:upside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2027Q2:base/metrics/funding_balance | None | base_2027q2_funding_balance |
| /operating_model/outputs/2027Q2:base/metrics/restricted_remaining | None | base_2027q2_restricted_remaining |
| /operating_model/outputs/2027Q2:base/values/funding_balance | None | -139.3602000000002 |
| /operating_model/outputs/2027Q2:base/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2027Q2:downside/metrics/funding_balance | None | downside_2027q2_funding_balance |
| /operating_model/outputs/2027Q2:downside/metrics/restricted_remaining | None | downside_2027q2_restricted_remaining |
| /operating_model/outputs/2027Q2:downside/values/funding_balance | None | -1302.0040000000004 |
| /operating_model/outputs/2027Q2:downside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/2027Q2:upside/metrics/funding_balance | None | upside_2027q2_funding_balance |
| /operating_model/outputs/2027Q2:upside/metrics/restricted_remaining | None | upside_2027q2_restricted_remaining |
| /operating_model/outputs/2027Q2:upside/values/funding_balance | None | 232.79044999999962 |
| /operating_model/outputs/2027Q2:upside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/FY2026:base/metrics/funding_balance | None | base_fy2026_funding_balance |
| /operating_model/outputs/FY2026:base/metrics/restricted_remaining | None | base_fy2026_restricted_remaining |
| /operating_model/outputs/FY2026:base/values/funding_balance | None | 1489.1512999999998 |
| /operating_model/outputs/FY2026:base/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/FY2026:downside/metrics/funding_balance | None | downside_fy2026_funding_balance |
| /operating_model/outputs/FY2026:downside/metrics/restricted_remaining | None | downside_fy2026_restricted_remaining |
| /operating_model/outputs/FY2026:downside/values/funding_balance | None | 952.8659999999996 |
| /operating_model/outputs/FY2026:downside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/FY2026:upside/metrics/funding_balance | None | upside_fy2026_funding_balance |
| /operating_model/outputs/FY2026:upside/metrics/restricted_remaining | None | upside_fy2026_restricted_remaining |
| /operating_model/outputs/FY2026:upside/values/funding_balance | None | 1664.1566999999995 |
| /operating_model/outputs/FY2026:upside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/FY2027:base/metrics/funding_balance | None | base_fy2027_funding_balance |
| /operating_model/outputs/FY2027:base/metrics/restricted_remaining | None | base_fy2027_restricted_remaining |
| /operating_model/outputs/FY2027:base/values/funding_balance | None | -1991.4831965087285 |
| /operating_model/outputs/FY2027:base/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/FY2027:downside/metrics/funding_balance | None | downside_fy2027_funding_balance |
| /operating_model/outputs/FY2027:downside/metrics/restricted_remaining | None | downside_fy2027_restricted_remaining |
| /operating_model/outputs/FY2027:downside/values/funding_balance | None | -3608.249 |
| /operating_model/outputs/FY2027:downside/values/restricted_remaining | None | 409.417 |
| /operating_model/outputs/FY2027:upside/metrics/funding_balance | None | upside_fy2027_funding_balance |
| /operating_model/outputs/FY2027:upside/metrics/restricted_remaining | None | upside_fy2027_restricted_remaining |
| /operating_model/outputs/FY2027:upside/values/funding_balance | None | -1331.058232044888 |
| /operating_model/outputs/FY2027:upside/values/restricted_remaining | None | 409.417 |
| /operating_model/reviewed_at | 2026-09-19 | 2026-09-20 |
| /research/change_note | First authored review through September 19, including August results and August 24 power approval. Corrects historical fiscal labels when a newer revenue tag first appears in comparative filings. | Added conditional funding balances, scheduled principal, restricted-cash separation and dated share/minority claims. Corrected Abernathy: disposed effective July 6, with three contractual installments, rather than an unclosed sale. Collection/fee assumptions are distinct from reported cash. Preserved operating forecasts; project guarantees, early convert settlements, outside-owner puts and future financing remain limitations. |
| /research/checkpoints/3/date_status | event_driven | confirmed |
| /research/checkpoints/3/event | Abernathy divestiture | Abernathy installment collections |
| /research/checkpoints/3/timing | Closing event; no assumed date | July 2026, by December 31, 2026 and April 30, 2027 |
| /research/checkpoints/3/watch | Recognize cash only after a confirmed closing and net-proceeds disclosure. | Reconcile $250M/$150M/approximately $130M installment collections, final adjustments, fees and taxes. Ownership was disposed effective July 6; do not confuse the sale date with receipt of the full consideration. |
| /research/economics | June 30 Lake Mariner capacity was 81 MW of critical IT; CB3 raised that to 102 MW in July. Another 336 MW under construction would bring the site to 438 MW. Justified adds a contracted 401 MW of critical IT under a 20-year base agreement of roughly $19B. Kentucky approved 482 MW of utility power on August 24; this is a different measure from usable IT MW. Initial Justified delivery targets H2 2027. H1 GAAP CFO was negative $154.3M, Bitcoin sales contributed $24.6M in investing, and PP&E purchases/deposits used $1,378.5M. Even strong revenue growth therefore needs a financing bridge. The model does not count the agreed Abernathy sale as cash already received. | June 30 Lake Mariner capacity was 81 MW of critical IT; CB3 raised that to 102 MW in July. Another 336 MW under construction would bring the site to 438 MW. Justified adds a contracted 401 MW of critical IT under a 20-year base agreement of roughly $19B. Kentucky approved 482 MW of utility power on August 24; this is a different measure from usable IT MW. Initial Justified delivery targets H2 2027. H1 GAAP CFO was negative $154.3M, Bitcoin sales contributed $24.6M in investing, and PP&E purchases/deposits used $1,378.5M. Even strong revenue growth therefore needs a financing bridge. The Abernathy disposal was effective July 6; $530M approximate consideration is due in $250M/$150M/$130M installments. Modeled collection is separate from verified cash receipts. |
| /research/limitations/0 | Initial operating scenarios without full GAAP earnings, a debt maturity schedule or equity valuation. | Funding balances are conditional planning arithmetic from June cash, not present cash or a reconciled GAAP balance sheet. Negative balances identify unfilled funding needs. New issuance, early conversion, contingent claims, cash sweeps, acquisitions and minority distributions remain explicit gaps; no fully diluted EPS or equity valuation is claimed. |
| /research/limitations/4 | The agreed Abernathy divestiture is not assumed closed cash. Muskie, Chesapeake and Hawkeye do not earn modeled 2026-27 revenue. | Abernathy was disposed effective July 6; scheduled collections are modeled conditionally and do not establish actual receipt. Muskie, Chesapeake and Hawkeye do not earn modeled 2026-27 revenue. |
| /research/limitations/5 | None | June consolidated cash is not automatically distributable parent cash. Justified has a 6.8% outside interest, project debt has completion guarantees and cash-sweep provisions, and early convertible cash settlements are not captured by scheduled maturities. Base/upside assume collection by the contractual due quarters; downside collects half, without a fictitious later catch-up. The non-dilutive Justified seller interest has a fixed-price put after the first operating anniversary, net of distributions; its undisclosed settlement is not inferred from its accounting value. |
| /research/reviewed_at | 2026-09-19 | 2026-09-20 |
| /research/risks/5 | None | Project completion guarantees, excess-cash-flow debt sweeps and optional early convertible cash settlement can constrain liquidity beyond scheduled maturities. Justified has a 6.8% outside equity claim; consolidated cash contribution is not wholly distributable parent cash. |
| /sources/0/retrieved | 2026-09-19 | 2026-09-20 |
| /thesis/what_changes_it | Accepted critical IT MW, initial rent and cash capex are the deciding evidence. Delayed CB4/CB5 delivery, weaker initial rent realization or a more expensive funding mix weaken the case; predictable commissioning and cash conversion strengthen it. | Accepted critical IT MW, initial rent and cash capex are the deciding evidence. Delayed CB4/CB5 delivery, weaker initial rent realization or a more expensive funding mix weaken the case; predictable commissioning and cash conversion strengthen it. Check parent cash after completion support, note amortization and outside-owner claims; reconcile collection of the July 6 effective Abernathy sale installments, separately from the sale date. |