Vistra Corp
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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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.
Sep 30, 2024 · Filed Nov 8, 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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Condensed Consolidated Statements of Cash Flows
| VISTRA CORP.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) (Millions of Dollars) | ||
|---|---|---|
| Nine Months Ended September 30, | ||
| 2024 | 2023 | |
| Cash flows — operating activities: | ||
| Net income | $2,322 | $1,676 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 1,891 | 1,442 |
| Deferred income tax expense, net | 666 | 437 |
| Gain on sale of land | — | (95) |
| Impairment of long-lived assets | — | 49 |
| Unrealized net gain from mark-to-market valuations of commodities | (1,725) | (855) |
| Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps | 26 | (65) |
| Unrealized net gain from nuclear decommissioning trusts | (133) | — |
| Asset retirement obligation accretion expense | 84 | 26 |
| Impacts of Tax Receivable Agreement | 5 | 128 |
| Gain on TRA repurchase and tender offers | (10) | — |
| Bad debt expense | 132 | 131 |
| Stock-based compensation | 76 | 63 |
| Other, net | (9) | 39 |
| Changes in operating assets and liabilities: | ||
| Margin deposits, net | 855 | 2,271 |
| Accrued interest | 11 | (47) |
| Accrued taxes | (40) | (38) |
| Accrued employee incentive | (78) | (23) |
| Other operating assets and liabilities | (863) | (567) |
| Cash provided by operating activities | 3,210 | 4,572 |
| Cash flows — investing activities: | ||
| Capital expenditures, including nuclear fuel purchases and LTSA prepayments | (1,648) | (1,262) |
| Energy Harbor acquisition (net of cash acquired) | (3,065) | — |
| Proceeds from sales of nuclear decommissioning trust fund securities | 1,573 | 478 |
| Investments in nuclear decommissioning trust fund securities | (1,590) | (495) |
| Proceeds from sales of environmental allowances | 147 | 59 |
| Purchases of environmental allowances | (511) | (277) |
| Proceeds from sale of property, plant and equipment, including nuclear fuel | 137 | 111 |
| Other, net | (2) | 4 |
| Cash used in investing activities | (4,959) | (1,382) |
| Cash flows — financing activities: | ||
| Issuances of long-term debt | 2,200 | 1,750 |
| Repayments/repurchases of debt | (2,269) | (21) |
| Net borrowings (repayments) under accounts receivable financing | 750 | (425) |
| Borrowings under Revolving Credit Facility | 50 | 100 |
| Repayments under Revolving Credit Facility | (50) | (350) |
| Borrowings under Commodity-Linked Facility | 1,802 | — |
| Repayments under Commodity-Linked Facility | (1,802) | (400) |
| Debt issuance costs | (32) | (29) |
| Stock repurchases | (1,021) | (866) |
| Dividends paid to common stockholders | (230) | (228) |
| Dividends paid to preferred stockholders | (98) | (75) |
| VISTRA CORP.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) (Millions of Dollars) | ||
|---|---|---|
| Nine Months Ended September 30, | ||
| 2024 | 2023 | |
| Dividends paid to noncontrolling interest in subsidiary | (15) | — |
| TRA Repurchase and tender offer — return of capital | (122) | — |
| Other, net | (13) | 54 |
| Cash used in financing activities | (850) | (490) |
| Net change in cash, cash equivalents and restricted cash | (2,599) | 2,700 |
| Cash, cash equivalents and restricted cash — beginning balance | 3,539 | 525 |
| Cash, cash equivalents and restricted cash — ending balance | $940 | $3,225 |
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