Vistra Corp

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

VST$131.18-2.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

VISTRA CORP.CONSOLIDATED STATEMENTS OF CASH FLOWS(Millions of Dollars)
	Year Ended December 31,
	2023	2022	2021
Cash flows — operating activities:
Net income (loss)	$1,492	$(1,210)	$(1,264)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
Depreciation and amortization	1,956	2,047	2,050
Deferred income tax expense (benefit), net	457	(359)	(475)
Gain on sale of land	(95)	(8)	(9)
Impairment of long-lived and other assets	49	74	71
Unrealized net (gain) loss from mark-to-market valuations of commodities	(490)	2,510	759
Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps	36	(250)	(134)
Change in asset retirement obligation liability	27	13	(5)
Asset retirement obligation accretion expense	34	34	38
Impacts of Tax Receivable Agreement	164	128	(53)
Gain on TRA settlement	(29)	—	—
Bad debt expense	164	179	110
Stock-based compensation	77	63	47
Other, net	103	(71)	50
Changes in operating assets and liabilities:
Accounts receivable — trade	214	(852)	(228)
Inventories	(174)	36	(100)
Accounts payable — trade	(350)	94	402
Commodity and other derivative contractual assets and liabilities	82	(228)	32
Margin deposits, net	1,899	(1,874)	(1,000)
Uplift securitization proceeds receivable from ERCOT	—	544	(544)
Accrued interest	46	16	13
Accrued taxes	5	(8)	(20)
Accrued employee incentive	58	21	(68)
Asset retirement obligation settlement	(81)	(87)	(88)
Major plant outage deferral	(32)	20	2
Other — net assets	84	(17)	(27)
Other — net liabilities	(243)	(330)	235
Cash provided by (used in) operating activities	5,453	485	(206)
Cash flows — investing activities:
Capital expenditures, including nuclear fuel purchases and LTSA prepayments	(1,676)	(1,301)	(1,033)
Proceeds from sales of nuclear decommissioning trust fund securities	601	670	483
Investments in nuclear decommissioning trust fund securities	(624)	(693)	(505)
Proceeds from sales of environmental allowances	500	1,275	392
Purchases of environmental allowances	(1,071)	(1,303)	(605)
Insurance proceeds	15	39	89
Proceeds from sales of property, plant and equipment	115	78	30
Other, net	(5)	(4)	(4)
Cash used in investing activities	(2,145)	(1,239)	(1,153)

VISTRA CORP.CONSOLIDATED STATEMENTS OF CASH FLOWS(Millions of Dollars)
	Year Ended December 31,
	2023	2022	2021
Cash flows — financing activities:
Issuances of preferred stock	—	—	2,000
Issuances of long-term debt	2,498	1,498	1,250
Repayments/repurchases of debt	(33)	(251)	(381)
Borrowings under Term Loan A	—	—	1,250
Repayment under Term Loan A	—	—	(1,250)
Proceeds from forward capacity agreement	—	—	500
Net borrowings/(repayments) under accounts receivable financing	(425)	425	(300)
Borrowings under Revolving Credit Facility	100	1,750	1,450
Repayments under Revolving Credit Facility	(350)	(1,500)	(1,450)
Borrowings under Commodity-Linked Facility	—	3,150	—
Repayments under Commodity-Linked Facility	(400)	(2,750)	—
Debt issuance costs	(59)	(31)	(13)
Stock repurchases	(1,245)	(1,949)	(471)
Dividends paid to common stockholders	(313)	(302)	(290)
Dividends paid to preferred stockholders	(150)	(151)	—
Other, net	83	31	(21)
Cash provided by (used in) financing activities	(294)	(80)	2,274
Net change in cash, cash equivalents and restricted cash	3,014	(834)	915
Cash, cash equivalents and restricted cash — beginning balance	525	1,359	444
Cash, cash equivalents and restricted cash — ending balance	$3,539	$525	$1,359

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.