Vistra Corp

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets — March 31 and December 31,

VISTRA CORP.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) (Millions of Dollars, Except Share Data)
	March 31,2024	December 31,2023
ASSETS
Current assets:
Cash and cash equivalents	$1,070	$3,485
Restricted cash (Note 18)	32	40
Trade accounts receivable — net (Note 18)	1,729	1,674
Income taxes receivable	1	6
Inventories (Note 18)	976	740
Commodity and other derivative contractual assets (Note 11)	3,557	3,645
Margin deposits related to commodity contracts	1,186	1,244
Margin deposits posted under affiliate financing agreement (Note 9)	443	439
Prepaid expense and other current assets	439	364
Total current assets	9,433	11,637
Restricted cash (Note 18)	14	14
Investments (Note 18)	4,219	2,035
Property, plant and equipment — net (Note 18)	18,014	12,432
Operating lease right-of-use assets	62	50
Goodwill (Note 7)	2,877	2,583
Identifiable intangible assets — net (Note 7)	2,278	1,864
Commodity and other derivative contractual assets (Note 11)	703	577
Accumulated deferred income taxes	—	1,223
Other noncurrent assets	578	551
Total assets	$38,178	$32,966
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings (Note 10)	$500	$—
Accounts receivable financing (Note 8)	875	—
Long-term debt due currently (Note 10)	54	2,286
Trade accounts payable	1,100	1,147
Commodity and other derivative contractual liabilities (Note 11)	5,214	5,258
Margin deposits related to commodity contracts	115	45
Accrued taxes other than income	118	203
Accrued interest	208	206
Asset retirement obligations (Note 14)	119	124
Operating lease liabilities	11	7
Other current liabilities	461	547
Total current liabilities	8,775	9,823
Margin deposits financing with affiliate (Note 9)	443	439
Long-term debt, less amounts due currently (Note 10)	14,693	12,116
Operating lease liabilities	56	48
Commodity and other derivative contractual liabilities (Note 11)	1,892	1,688
Accumulated deferred income taxes	118	1
Tax Receivable Agreement obligation (Note 13)	15	164
Asset retirement obligations (Note 14)	3,806	2,414

VISTRA CORP.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) (Millions of Dollars, Except Share Data)
	March 31,2024	December 31,2023
Other noncurrent liabilities and deferred credits (Note 18)	1,096	951
Total liabilities	30,894	27,644
Commitments and Contingencies (Note 15)
Total equity (Note 16):
Preferred stock, number of shares authorized — 100,000,000; Series A (liquidation preference — $1,000; shares outstanding: March 31, 2024 and December 31, 2023— 1,000,000); Series B (liquidation preference — $1,000; shares outstanding: March 31, 2024 and December 31, 2023 — 1,000,000); Series C (liquidation preference — $1,000; shares outstanding: March 31, 2024 and December 31, 2023 — 476,081)	2,476	2,476
Common stock (par value — $0.01; number of shares authorized — 1,800,000,000)(shares outstanding: March 31, 2024 — 348,733,986; December 31, 2023 — 351,457,016)	5	5
Treasury stock, at cost (shares: March 31, 2024 — 198,562,722; December 31, 2023 — 192,178,156)	(4,947)	(4,662)
Additional paid-in-capital	10,878	10,095
Retained deficit	(2,762)	(2,613)
Accumulated other comprehensive income	6	6
Stockholders' equity	5,656	5,307
Noncontrolling interest in subsidiary	1,628	15
Total equity	7,284	5,322
Total liabilities and equity	$38,178	$32,966

VISTRA CORP.CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY(Millions of Dollars)
	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Deficit	Accumulated Other Comprehensive Income (Loss)	Total Stockholders' Equity	Noncontrolling Interest in Subsidiary	Total Equity
Balances at December 31, 2023	$2,476	$5	$(4,662)	$10,095	$(2,613)	$6	$5,307	$15	$5,322
Stock repurchases	—	—	(285)	—	—	—	(285)	—	(285)
Effects of stock-based incentive compensation plans	—	—	—	35	—	—	35	—	35
Equity issued in subsidiary to acquire Energy Harbor (a)	—	—	—	747	—	—	747	1,560	2,307
Net income (loss)	—	—	—	—	(35)	—	(35)	53	18
Dividends declared on common stock	—	—	—	—	(77)	—	(77)	—	(77)
Dividends declared on preferred stock	—	—	—	—	(37)	—	(37)	—	(37)
Other	—	—	—	1	—	—	1	—	1
Balances at March 31, 2024	$2,476	$5	$(4,947)	$10,878	$(2,762)	$6	$5,656	$1,628	$7,284

(a)Noncontrolling interest in subsidiary includes $811 million representing the fair value of the 15% noncontrolling interest in Energy Harbor and $749 million representing 15% of the carrying value of net assets of certain subsidiaries contributed to Vistra Vision. See Note 2.

VISTRA CORP.CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONTINUED)(Millions of Dollars)
	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Deficit	Accumulated Other Comprehensive Income (Loss)	Total Stockholders' Equity	Noncontrolling Interest in Subsidiary	Total Equity
Balances at December 31, 2022	$2,000	$5	$(3,395)	$9,928	$(3,643)	$7	$4,902	$16	$4,918
Stock repurchases	—	—	(311)	—	—	—	(311)	—	(311)
Effects of stock-based incentive compensation plans	—	—	—	24	—	—	24	—	24
Net income (loss)	—	—	—	—	699	—	699	(1)	698
Dividends declared on common stock	—	—	—	—	(77)	—	(77)	—	(77)
Dividends declared on preferred stock	—	—	—	—	(37)	—	(37)	—	(37)
Change in accumulated other comprehensive income (loss)	—	—	—	—	—	1	1	—	1
Balances at March 31, 2023	$2,000	$5	$(3,706)	$9,952	$(3,058)	$8	$5,201	$15	$5,216

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