Vistra Corp.

NYSE-VST

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	59	2,327	485	318	1,174	431
Net Income
Depreciation & Amortization	1,600	1,516	1,229	1,032	958	1,010
Depreciation and Amortization
Asset Retirement Obligation Accretion Expense
Stock Based Compensation	46	47	53	34	43	29
Stock-Based Compensation Expense
Other Adjustments	511	-766	176	1,130	-744	360
Deferred Income Tax Expense (Benefit), Net
Impairment of Long-Lived and Other Assets
Unrealized Net Gain from Mark-to-Market Valuations of Commodities
Unrealized Net Income from Mark-to-Market Valuations of Interest Rate Swaps
Unrealized Net Gain from Nuclear Decommissioning Trusts
Gain on Sale of Land
Loss on Disposal of Investment in NELP
Bad Debt Expense
Change in Asset Retirement Obligation Liability
Impacts of Tax Receivable Agreement
Gain on TRA Repurchase and Tender Offers
Involuntary Conversion Gain
Other, Net
Unrealized Net Loss from Mark-to-Market Valuations of Commodities
Unrealized Net Loss from Mark-to-Market Valuations of Interest Rate Swaps
Changes in Trade Receivables	—	-242	—	214	—	-852
Accounts Receivable - Trade
Uplift Securitization Proceeds Receivable from ERCOT
Changes in Inventories	—	-31	—	-174	—	36
Inventories
Changes in Accounts Payable	—	19	—	-350	—	94
Accounts Payable - Trade
Changes in Accrued Expenses	-150	126	-136	165	-61	62
Accrued Interest
Accrued Employee Incentive
Changes in Income Taxes Payable	-56	57	-58	57	-52	54
Accrued Taxes
Changes in Other Operating Activities	-839	2	-241	15	1,694	-16
Commodity and Other Derivative Contractual Assets and Liabilities
Margin Deposits, Net
Alcoa Contract Settlement
Tax Receivable Agreement Payment
Asset Retirement Obligation Settlement
Major Plant Outage Deferral
Other Operating Assets and Liabilities
Change in Other Net Liabilities
Cash from Operating Activities	1,171	3,055	1,508	2,441	3,012	1,208
Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-1,458	-1,115	-963	-750	-926	-688
Capital Expenditures, Including Nuclear Fuel Purchases and LTSA Prepayments
Capital Expenditures
Capital Expenditures, Including LTSA Prepayments
Nuclear Fuel Purchases
Development and Growth Expenditures
Proceeds from Sale of Property, Plant & Equipment	173	66	130	5	110	63
Proceeds from Sale of Property, Plant and Equipment, Including Nuclear Fuel
Insurance Proceeds for Recovery of Damaged Property, Plant and Equipment
Purchases of Investments	-3,035	-1,451	-788	-362	-262	-348
Investments in Nuclear Decommissioning Trust Fund Securities
Proceeds from Sale of Investments	3,024	1,439	777	350	251	336
Proceeds from Sales of Nuclear Decommissioning Trust Fund Securities
Payments for Business Acquisitions	—	—	-3,065	—	—	—
Ambit Acquisition (Net of Cash Acquired)
Crius Acquisition (Net of Cash Acquired)
Odessa Acquisition
Energy Harbor Acquisition (Net of Cash Acquired)
Cash Acquired in the Merger
Other Investing Activities	-375	-18	-288	-421	-140	7
Purchases of Environmental Allowances
Proceeds from Sales of Environmental Allowances
Proceeds from Sales of Transferable ITCs
Other, Net
Cash from Investing Activities	-1,671	-1,079	-4,197	-1,178	-967	-630
Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Short-Term Debt	1,362	1,352	1,250	—	-325	350
Net Borrowings Under Accounts Receivable Financing
Borrowings Under Revolving Credit Facility
Borrowings Under Commodity-Linked Facility
Repayments of Short-Term Debt	-126	-1,352	-500	—	-750	-1,300
Repayments Under Revolving Credit Facility
Repayments Under Commodity-Linked Facility
Net Issuance / (Repayments) of Short-Term Debt	1,236	—	750	—	-1,075	-950
Issuance of Long-Term Debt	209	1,617	2,200	2,498	—	—
Issuances of Debt
Borrowings Under Term Loan a
Repayments of Long-Term Debt	-757	-1,181	-1,106	-19	-14	-28
Repayments/Repurchases of Debt
Repayment Under Term Loan a
Net Issuance / (Repayments) of Long-Term Debt	-548	436	1,094	2,479	-14	-28
Repurchases of Common Shares	-589	-644	-622	-693	-552	-755
Stock Repurchases
Net Issuance / (Repurchases) of Common Shares	-589	-644	-622	-693	-552	-755
Issuance of Preferred Shares	—	—	—	—	—	—
Issuances of Preferred Stock
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—
Common Share Dividends Paid	-152	-155	-150	-160	-153	-150
Dividends Paid to Common Stockholders
Preferred Share Dividends Paid	-96	-98	-75	-75	-75	-75
Dividends Paid to Preferred Stockholders
Other Financing Activities	297	-1,954	564	27	-428	-302
Debt Issuance Costs
Proceeds from Forward Capacity Agreement
Dividends Paid to Noncontrolling Interest Holders
Payment for Acquisition of Noncontrolling Interest
Tax Withholding on Stock Based Compensation
Principal Payment on Forward Repurchase Obligation
TRA Repurchase and Tender Offer - Return of Capital
Other, Net
Net Borrowings Under Accounts Receivable Financing
Cash from Financing Activities	-227	-2,415	811	1,578	-1,872	-1,960
Cash Provided by Financing Activities

Free Cash Flow	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Free Cash Flow	-287	1,940	545	1,691	2,086	520
NOPAT	-568.4	2,608.6	694.9	568.8	1,370.6	591.8
Levered Free Cash Flow	-252	3,243	1,909	2,717	1,624	-78
Unlevered Free Cash Flow	-1,471.4	3,182.6	525.9	563.8	2,983.6	1,143.8
Net Change in Cash	-727	-439	-1,878	2,841	173	-1,382