Vistra Corp.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
VST$133.92+7.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| VISTRA CORP.CONSOLIDATED BALANCE SHEETS(Millions of Dollars, Except Share Data) | ||
|---|---|---|
| December 31, | ||
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $785 | $1,188 |
| Restricted cash | 31 | 28 |
| Trade accounts receivable — net | 2,323 | 1,982 |
| Inventories — net | ||
| Materials and supplies | 599 | 533 |
| Fuel stock and natural gas in storage | 417 | 437 |
| Commodity and other derivative contractual assets | 2,793 | 2,587 |
| Margin deposits related to commodity contracts | 1,133 | 406 |
| Margin deposits posted under affiliate financing agreement | 444 | 435 |
| Prepaid expense and other current assets | 654 | 523 |
| Total current assets | 9,179 | 8,119 |
| Restricted cash | 6 | 6 |
| Investments | 5,091 | 4,512 |
| Property, plant, and equipment — net | 19,846 | 18,173 |
| Goodwill | 2,810 | 2,807 |
| Identifiable intangible assets — net | 2,435 | 2,213 |
| Commodity and other derivative contractual assets | 405 | 740 |
| Accumulated deferred income taxes | 239 | 9 |
| Other noncurrent assets | 1,539 | 1,191 |
| Total assets | $41,550 | $37,770 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term borrowings | $1,800 | $— |
| Accounts receivable financing | 1,225 | 750 |
| Long-term debt due currently | 1,201 | 880 |
| Forward repurchase obligation due currently | 632 | 703 |
| Trade accounts payable | 1,644 | 1,510 |
| Commodity and other derivative contractual liabilities | 4,049 | 3,351 |
| Margin deposits related to commodity contracts | 7 | 49 |
| Accrued taxes other than income | 224 | 209 |
| Accrued interest | 188 | 193 |
| Asset retirement obligations | 181 | 142 |
| Other current liabilities | 663 | 645 |
| Total current liabilities | 11,814 | 8,432 |
| Margin deposits financing with affiliate | 444 | 435 |
| Long-term debt, less amounts due currently | 15,842 | 15,418 |
| Forward repurchase obligation, less amounts due currently | — | 632 |
| Commodity and other derivative contractual liabilities | 1,729 | 1,367 |
| Accumulated deferred income taxes | 1,049 | 697 |
| Asset retirement obligations | 4,035 | 3,936 |
| Other noncurrent liabilities and deferred credits | 1,527 | 1,270 |
| Total liabilities | 36,440 | 32,187 |
| VISTRA CORP.CONSOLIDATED BALANCE SHEETS(Millions of Dollars, Except Share Data) | ||
|---|---|---|
| December 31, | ||
| 2025 | 2024 | |
| Commitments and Contingencies | ||
| Total equity: | ||
| Preferred stock (100,000,000 shares authorized, $1,000 liquidation preference per share, 2,476,066 shares outstanding at both December 31, 2025 and 2024, respectively) | 2,476 | 2,476 |
| Common stock (par value $0.01 per share, 1,800,000,000 shares authorized, 338,059,635 and 339,754,307 shares outstanding at December 31, 2025 and 2024, respectively) | 5 | 5 |
| Treasury stock, at cost (215,599,525 and 208,998,299 shares at December 31, 2025 and 2024, respectively) | (6,925) | (5,912) |
| Additional paid-in-capital | 9,536 | 9,435 |
| Accumulated deficit | (12) | (454) |
| Accumulated other comprehensive income | 17 | 20 |
| Stockholders' equity | 5,097 | 5,570 |
| Noncontrolling interest in subsidiary | 13 | 13 |
| Total equity | 5,110 | 5,583 |
| Total liabilities and equity | $41,550 | $37,770 |
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