Vistra Corp.

For the period ended Jun 30, 2026. Filed Aug 10, 2026.

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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.

Jun 30, 2026 · Filed Aug 10, 2026

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

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Contents

Condensed Consolidated Statements of Cash Flows

VISTRA CORP.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) (Millions of Dollars)
	Six Months Ended June 30,
	2026	2025
Cash flows — operating activities:
Net income	$1,334	$59
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization	1,363	1,534
Deferred income tax expense (benefit), net	255	(128)
Impairment of long-lived and other assets	—	68
Unrealized net (gain) loss from mark-to-market valuations of commodities	(251)	551
Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps	(7)	74
Unrealized net (gain) loss from nuclear decommissioning trusts	22	(74)
Asset retirement obligation accretion expense	63	66
Bad debt expense	86	87
Stock-based compensation expense	67	46
Involuntary conversion gain	(48)	(80)
Other, net	—	13
Changes in operating assets and liabilities:
Margin deposits, net	(188)	(368)
Accrued interest	61	(5)
Accrued taxes other than income	(100)	(56)
Accrued employee incentive	(99)	(145)
Other operating assets and liabilities	(336)	(471)
Cash provided by operating activities	2,222	1,171
Cash flows — investing activities:
Capital expenditures, including nuclear fuel purchases and LTSA prepayments	(1,572)	(1,458)
Lotus acquisition purchase price adjustment	6	—
Proceeds from sales of nuclear decommissioning trust fund securities	3,036	3,024
Investments in nuclear decommissioning trust fund securities	(3,037)	(3,035)
Proceeds from sales of environmental allowances	128	25
Purchases of environmental allowances	(201)	(392)
Insurance proceeds for recovery of damaged property, plant, and equipment	234	173
Proceeds from sales of property, plant, and equipment, including nuclear fuel	50	—
Other, net	77	(8)
Cash used in investing activities	(1,279)	(1,671)
Cash flows — financing activities:
Issuances of debt	6,422	209
Repayments/repurchases of debt	(3,859)	(757)
Net borrowings (repayments) under accounts receivable financing	(925)	375
Borrowings under Revolving Credit Facility	400	—
Repayments under Revolving Credit Facility	(780)	—
Borrowings under Commodity-Linked Facility	—	987
Repayments under Commodity-Linked Facility	(1,420)	(126)
Debt issuance costs	(72)	—
Stock repurchases	(709)	(589)
Dividends paid to common stockholders	(154)	(152)
Dividends paid to preferred stockholders	(96)	(96)
Tax withholding on stock-based compensation	(69)	(50)

VISTRA CORP.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) (Millions of Dollars)
	Six Months Ended June 30,
	2026	2025
Principal payment on forward repurchase obligation	(19)	(41)
Other, net	(3)	13
Cash used in financing activities	(1,284)	(227)
Net change in cash, cash equivalents and restricted cash (current and noncurrent)	(341)	(727)
Cash, cash equivalents and restricted cash (current and noncurrent) — beginning balance	822	1,222
Cash, cash equivalents and restricted cash (current and noncurrent) — ending balance	$481	$495
Supplemental Cash Flow Information:
Cash payments related to:
Interest paid	$549	$577
Capitalized interest	(82)	(56)
Interest paid (net of capitalized interest)	$467	$521

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