VST Stock Balance Sheets
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Quarterly Balance Sheets
Quarterly
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Annual
| Unit: USD | 2023-12-31 | 2023-09-30 | 2023-03-31 | 2022-12-31 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| cash flows — operating activities: | ||||||||||||
| net income | 1,492,000,000 | 1,676,000,000 | -1,210,000,000 | -1,641,000,000 | -1,994,000,000 | -2,004,000,000 | 624,000,000 | 651,000,000 | ||||
| adjustments to reconcile net income to cash from operating activities: | ||||||||||||
| depreciation and amortization | 1,956,000,000 | 1,442,000,000 | 2,047,000,000 | 1,054,000,000 | 1,551,000,000 | 969,000,000 | 2,048,000,000 | 1,512,000,000 | ||||
| deferred income tax benefit | 457,000,000 | 437,000,000 | -359,000,000 | -501,000,000 | -587,000,000 | -626,000,000 | 230,000,000 | |||||
| gain on sale of land | -95,000,000 | -95,000,000 | ||||||||||
| impairment of long-lived and other assets | 49,000,000 | 49,000,000 | 74,000,000 | |||||||||
| unrealized net (gain) income from mark-to-market valuations of commodities | -490,000,000 | -855,000,000 | 2,510,000,000 | 771,000,000 | 182,000,000 | -231,000,000 | ||||||
| unrealized net (gain) income from mark-to-market valuations of interest rate swaps | 36,000,000 | -250,000,000 | -92,000,000 | -79,000,000 | ||||||||
| change in asset retirement obligation liability | 27,000,000 | 13,000,000 | 7,000,000 | |||||||||
| asset retirement obligation accretion expense | 34,000,000 | 26,000,000 | 34,000,000 | 17,000,000 | 27,000,000 | 19,000,000 | 43,000,000 | 33,000,000 | ||||
| impacts of tax receivable agreement | 164,000,000 | 128,000,000 | 128,000,000 | 115,000,000 | -31,000,000 | 4,000,000 | -5,000,000 | -44,000,000 | ||||
| gain on tra settlement | -29,000,000 | |||||||||||
| bad debt expense | 164,000,000 | 131,000,000 | 179,000,000 | 110,000,000 | ||||||||
| stock-based compensation | 77,000,000 | 63,000,000 | 63,000,000 | 34,000,000 | 36,000,000 | 25,000,000 | 65,000,000 | 46,000,000 | ||||
| other | 103,000,000 | 39,000,000 | -79,000,000 | 66,000,000 | 79,000,000 | 56,000,000 | -22,000,000 | 115,000,000 | ||||
| changes in operating assets and liabilities: | ||||||||||||
| accounts receivable — trade | 214,000,000 | -852,000,000 | -33,000,000 | |||||||||
| inventories | -174,000,000 | 629,000,000 | 36,000,000 | 546,000,000 | -59,000,000 | 541,000,000 | 514,000,000 | |||||
| accounts payable — trade | -350,000,000 | 94,000,000 | -40,000,000 | |||||||||
| commodity and other derivative contractual assets and liabilities | 82,000,000 | -228,000,000 | 27,000,000 | |||||||||
| margin deposits | 1,899,000,000 | 2,271,000,000 | -1,874,000,000 | -1,893,000,000 | -767,000,000 | -240,000,000 | -20,000,000 | 60,000,000 | ||||
| uplift securitization proceeds receivable from ercot | 544,000,000 | 544,000,000 | 544,000,000 | |||||||||
| accrued interest | 46,000,000 | -47,000,000 | 113,000,000 | 16,000,000 | 13,000,000 | 81,000,000 | -55,000,000 | 8,000,000 | -20,000,000 | -97,000,000 | 144,000,000 | 73,000,000 |
| accrued taxes | 5,000,000 | -38,000,000 | -8,000,000 | -62,000,000 | -63,000,000 | -75,000,000 | 22,000,000 | -35,000,000 | ||||
| accrued employee incentive | 58,000,000 | -23,000,000 | 21,000,000 | -38,000,000 | -86,000,000 | -107,000,000 | 39,000,000 | -20,000,000 | ||||
| asset retirement obligation settlement | -81,000,000 | -87,000,000 | -118,000,000 | |||||||||
| major plant outage deferral | -32,000,000 | 20,000,000 | 2,000,000 | |||||||||
| other — net assets | 84,000,000 | -17,000,000 | 219,000,000 | |||||||||
| other — net liabilities | -243,000,000 | -329,000,000 | -91,000,000 | |||||||||
| cash from operating activities | 5,453,000,000 | 4,572,000,000 | 485,000,000 | -723,000,000 | -493,000,000 | -1,057,000,000 | 3,337,000,000 | 2,350,000,000 | ||||
| cash flows — investing activities: | ||||||||||||
| capital expenditures, including nuclear fuel purchases and ltsa prepayments | -1,676,000,000 | -1,262,000,000 | -1,301,000,000 | -613,000,000 | -790,000,000 | -546,000,000 | -1,259,000,000 | -838,000,000 | ||||
| proceeds from sales of nuclear decommissioning trust fund securities | 601,000,000 | 478,000,000 | 670,000,000 | 334,000,000 | 366,000,000 | 267,000,000 | 433,000,000 | 291,000,000 | ||||
| investments in nuclear decommissioning trust fund securities | -624,000,000 | -495,000,000 | -693,000,000 | -345,000,000 | -382,000,000 | -277,000,000 | -455,000,000 | -307,000,000 | ||||
| proceeds from sales of environmental allowances | 500,000,000 | 59,000,000 | 1,275,000,000 | 266,000,000 | 102,000,000 | 64,000,000 | 165,000,000 | 91,000,000 | ||||
| purchases of environmental allowances | -1,071,000,000 | -277,000,000 | -1,303,000,000 | -258,000,000 | -247,000,000 | -173,000,000 | -504,000,000 | -210,000,000 | ||||
| insurance proceeds | 15,000,000 | 14,000,000 | 39,000,000 | 1,000,000 | 74,000,000 | 63,000,000 | ||||||
| proceeds from sales of property, plant and equipment | 115,000,000 | |||||||||||
| cash from investing activities | -2,145,000,000 | -1,382,000,000 | -1,239,000,000 | -609,000,000 | -843,000,000 | -575,000,000 | -1,572,000,000 | -927,000,000 | ||||
| vistra corp. consolidated statements of cash flows | ||||||||||||
| cash flows — financing activities: | ||||||||||||
| issuances of preferred stock | ||||||||||||
| issuances of long-term debt | 2,498,000,000 | 1,750,000,000 | 1,498,000,000 | 1,498,000,000 | 1,250,000,000 | 1,250,000,000 | ||||||
| repayments/repurchases of debt | -33,000,000 | -21,000,000 | -251,000,000 | -223,000,000 | -234,000,000 | -101,000,000 | -1,008,000,000 | -955,000,000 | ||||
| borrowings under term loan a | 1,250,000,000 | 1,250,000,000 | ||||||||||
| repayment under term loan a | -1,250,000,000 | -1,250,000,000 | ||||||||||
| proceeds from forward capacity agreement | 500,000,000 | 500,000,000 | ||||||||||
| net borrowings/(repayments) under accounts receivable financing | -425,000,000 | |||||||||||
| borrowings under revolving credit facility | 100,000,000 | 100,000,000 | 1,750,000,000 | 1,500,000,000 | 1,300,000,000 | 1,300,000,000 | 1,075,000,000 | 1,075,000,000 | ||||
| repayments under revolving credit facility | -350,000,000 | -350,000,000 | -1,500,000,000 | -1,250,000,000 | -1,300,000,000 | -1,300,000,000 | -1,425,000,000 | -1,425,000,000 | ||||
| borrowings under commodity-linked facility | 3,150,000,000 | 2,750,000,000 | ||||||||||
| repayments under commodity-linked facility | -400,000,000 | -400,000,000 | -2,750,000,000 | -1,700,000,000 | ||||||||
| debt issuance costs | -59,000,000 | -29,000,000 | -31,000,000 | |||||||||
| stock repurchases | -1,245,000,000 | |||||||||||
| dividends paid to common stockholders | -313,000,000 | -228,000,000 | -302,000,000 | -152,000,000 | ||||||||
| dividends paid to preferred stockholders | -150,000,000 | -75,000,000 | -151,000,000 | -76,000,000 | ||||||||
| cash from financing activities | -294,000,000 | -490,000,000 | -80,000,000 | 1,880,000,000 | 1,279,000,000 | 1,671,000,000 | -1,796,000,000 | -1,348,000,000 | ||||
| net change in cash, cash equivalents and restricted cash | 3,014,000,000 | 2,700,000,000 | -834,000,000 | 548,000,000 | -57,000,000 | 39,000,000 | -31,000,000 | 75,000,000 | ||||
| cash, cash equivalents and restricted cash — beginning balance | 525,000,000 | 525,000,000 | 1,359,000,000 | 1,359,000,000 | 444,000,000 | 444,000,000 | 475,000,000 | 475,000,000 | ||||
| cash, cash equivalents and restricted cash — ending balance | 3,539,000,000 | 3,225,000,000 | 525,000,000 | 1,907,000,000 | 387,000,000 | 483,000,000 | 444,000,000 | 550,000,000 | ||||
| unrealized net gain from mark-to-market valuations of interest rate swaps | -65,000,000 | -171,000,000 | ||||||||||
| other operating assets and liabilities | -567,000,000 | -607,000,000 | 680,000,000 | 773,000,000 | -257,000,000 | |||||||
| proceeds from sale of assets | 111,000,000 | 21,000,000 | 14,000,000 | 7,000,000 | 23,000,000 | |||||||
| net (repayments)/borrowings under accounts receivable financing | -425,000,000 | |||||||||||
| share repurchases | -866,000,000 | -1,949,000,000 | -1,194,000,000 | -175,000,000 | -175,000,000 | |||||||
| vistra corp. condensed consolidated statements of cash flows | ||||||||||||
| assets | ||||||||||||
| current assets: | ||||||||||||
| cash and cash equivalents | 518,000,000 | 1,022,000,000 | 382,000,000 | 717,000,000 | ||||||||
| restricted cash | 23,000,000 | 23,000,000 | 27,000,000 | 50,000,000 | ||||||||
| trade accounts receivable | 1,464,000,000 | 1,275,000,000 | 1,272,000,000 | 1,097,000,000 | ||||||||
| income taxes receivable | 24,000,000 | 21,000,000 | ||||||||||
| commodity and other derivative contractual assets | 4,589,000,000 | 6,004,000,000 | 1,350,000,000 | 1,685,000,000 | ||||||||
| margin deposits related to commodity contracts | 1,919,000,000 | 1,237,000,000 | 161,000,000 | 137,000,000 | ||||||||
| prepaid expense and other current assets | 346,000,000 | 241,000,000 | 304,000,000 | 359,000,000 | ||||||||
| total current assets | 9,512,000,000 | 10,913,000,000 | 4,037,000,000 | 4,559,000,000 | ||||||||
| investments | 1,832,000,000 | 1,952,000,000 | 1,552,000,000 | 1,374,000,000 | ||||||||
| property, plant and equipment — net | 12,611,000,000 | 12,887,000,000 | 13,881,000,000 | 13,818,000,000 | ||||||||
| operating lease right-of-use assets | 50,000,000 | 39,000,000 | 44,000,000 | 47,000,000 | ||||||||
| goodwill | 2,583,000,000 | 2,583,000,000 | 2,568,000,000 | 2,608,000,000 | ||||||||
| identifiable intangible assets — net | 1,940,000,000 | 2,158,000,000 | 2,532,000,000 | 2,578,000,000 | ||||||||
| accumulated deferred income taxes | 1,475,000,000 | 1,400,000,000 | 994,000,000 | 1,058,000,000 | ||||||||
| other noncurrent assets | 319,000,000 | 344,000,000 | 398,000,000 | 330,000,000 | ||||||||
| total assets | 31,117,000,000 | 32,833,000,000 | 26,307,000,000 | 26,669,000,000 | ||||||||
| liabilities and equity | ||||||||||||
| current liabilities: | ||||||||||||
| short-term borrowings | 550,000,000 | 700,000,000 | ||||||||||
| accounts receivable financing | 600,000,000 | 500,000,000 | ||||||||||
| long-term debt due currently | 38,000,000 | 124,000,000 | 337,000,000 | 169,000,000 | ||||||||
| trade accounts payable | 1,005,000,000 | 1,284,000,000 | 879,000,000 | 804,000,000 | ||||||||
| commodity and other derivative contractual liabilities | 5,646,000,000 | 6,835,000,000 | 1,546,000,000 | 1,753,000,000 | ||||||||
| accrued taxes other than income | 107,000,000 | 109,000,000 | 133,000,000 | 86,000,000 | ||||||||
| asset retirement obligations | 139,000,000 | 104,000,000 | 138,000,000 | 151,000,000 | ||||||||
| operating lease liabilities | 8,000,000 | 5,000,000 | 11,000,000 | 10,000,000 | ||||||||
| other current liabilities | 458,000,000 | 600,000,000 | 418,000,000 | 371,000,000 | ||||||||
| total current liabilities | 8,162,000,000 | 9,865,000,000 | 4,631,000,000 | 4,604,000,000 | ||||||||
| long-term debt, less amounts due currently | 11,930,000,000 | 10,473,000,000 | 9,261,000,000 | 9,969,000,000 | ||||||||
| tax receivable agreement obligation | 578,000,000 | 475,000,000 | 468,000,000 | 463,000,000 | ||||||||
| other noncurrent liabilities and deferred credits | 1,083,000,000 | 1,226,000,000 | 951,000,000 | 888,000,000 | ||||||||
| total liabilities | 25,901,000,000 | 25,531,000,000 | 18,263,000,000 | 18,743,000,000 | ||||||||
| vistra corp. condensed consolidated balance sheets | ||||||||||||
| commitments and contingencies | ||||||||||||
| total equity | 5,216,000,000 | 7,302,000,000 | 8,044,000,000 | 7,926,000,000 | ||||||||
| preferred stock, number of shares authorized — 100,000,000; series a | 2,000,000,000 | 2,000,000,000 | ||||||||||
| common stock | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | ||||||||
| treasury stock | -3,706,000,000 | -2,170,000,000 | -973,000,000 | -973,000,000 | ||||||||
| additional paid-in-capital | 9,952,000,000 | 9,844,000,000 | 9,754,000,000 | 9,737,000,000 | ||||||||
| retained deficit | -3,058,000,000 | -2,363,000,000 | -678,000,000 | -780,000,000 | ||||||||
| accumulated other comprehensive loss | 8,000,000 | -16,000,000 | -52,000,000 | -53,000,000 | ||||||||
| stockholders' equity | 5,201,000,000 | 7,300,000,000 | 8,056,000,000 | 7,936,000,000 | ||||||||
| noncontrolling interest in subsidiary | 15,000,000 | 2,000,000 | -12,000,000 | -10,000,000 | ||||||||
| total liabilities and equity | 31,117,000,000 | 32,833,000,000 | 26,307,000,000 | 26,669,000,000 | ||||||||
| loss on disposal of investment in nelp | 29,000,000 | 29,000,000 | ||||||||||
| tax receivable agreement payment | -1,000,000 | |||||||||||
| proceeds from sale of nuclear fuel | 57,000,000 | |||||||||||
| net borrowings/(payments) under accounts receivable financing | 425,000,000 | |||||||||||
| impairment of long-lived assets | 38,000,000 | 38,000,000 | 356,000,000 | 356,000,000 | ||||||||
| unrealized net income from mark-to-market valuations of commodities | 2,347,000,000 | |||||||||||
| net borrowings under accounts receivable financing | 725,000,000 | 175,000,000 | 361,000,000 | |||||||||
| debt tender offer and other financing fees | -21,000,000 | -13,000,000 | -13,000,000 | -17,000,000 | ||||||||
| dividends paid to stockholders | -219,000,000 | -147,000,000 | -266,000,000 | -198,000,000 | ||||||||
| unrealized net income from mark-to-market valuations of interest rate swaps | 155,000,000 | 181,000,000 | ||||||||||
| ambit acquisition | ||||||||||||
| crius acquisition | ||||||||||||
| cash acquired in the merger | ||||||||||||
| proceeds from sales of assets | 24,000,000 | |||||||||||
| net borrowings/ | -150,000,000 | |||||||||||
| debt tender offer and other debt financing fees | -17,000,000 | |||||||||||
| stock repurchase | ||||||||||||
| deferred income tax expense | 264,000,000 | |||||||||||
| unrealized net gain from mark-to-market valuations of commodities | -444,000,000 | |||||||||||
| net borrowings under accounts receivable securitization program | 175,000,000 | |||||||||||
| investment in unconsolidated subsidiary | ||||||||||||
| accounts receivable securitization program | 450,000,000 | 450,000,000 | ||||||||||
| accrued income taxes | 10,000,000 | 6,000,000 | ||||||||||
| vistra energy corp. condensed consolidated balance sheets |