# Vistra Corp. (VST) FY2024 Annual Statement of Cash Flows

- Company: Vistra Corp. (VST)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-28, accession number 0001692819-25-000013
- Page: https://plicit.ai/financials/vst/fy2024-annual-cash-flow
- Chart image: https://plicit.ai/charts/vst-fy2024-annual-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2023**: 3,539,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 4,563,000,000 US dollars. Net cash provided.
- **Accounts payable — trade**: 19,000,000 US dollars
- **Margin deposits, net**: 842,000,000 US dollars
- **Impacts of Tax Receivable Agreement**: 5,000,000 US dollars
- **Change in asset retirement obligation liability**: 38,000,000 US dollars
- **Stock-based compensation**: 100,000,000 US dollars
- **Unrealized net (gain) loss from mark-to-market valuations of commodities**: negative 1,155,000,000 US dollars
- **Accrued taxes**: negative 1,000,000 US dollars
- **Gain on sale of land**: 0 US dollars
- **Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps**: negative 53,000,000 US dollars
- **Commodity and other derivative contractual assets and liabilities**: negative 175,000,000 US dollars
- **Impairment of long-lived and other assets**: 0 US dollars
- **Major plant outage deferral**: negative 91,000,000 US dollars
- **Deferred income tax expense (benefit), net**: 607,000,000 US dollars
- **Accounts receivable — trade**: negative 242,000,000 US dollars
- **Asset retirement obligation accretion expense**: 114,000,000 US dollars
- **Accrued employee incentive**: 8,000,000 US dollars
- **Other — net liabilities**: negative 111,000,000 US dollars
- **Bad debt expense**: 183,000,000 US dollars
- **Other — net assets**: negative 616,000,000 US dollars
- **Gain on TRA repurchase and tender offers**: negative 10,000,000 US dollars
- **Depreciation and amortization**: 2,631,000,000 US dollars
- **Accrued interest**: negative 18,000,000 US dollars
- **Asset retirement obligation settlement**: negative 88,000,000 US dollars
- **Other, net**: negative 89,000,000 US dollars
- **Inventories**: negative 31,000,000 US dollars
- **Uplift securitization proceeds receivable from ERCOT**: 0 US dollars
- **Net income (loss)**: 2,812,000,000 US dollars
- **Unrealized net gain from nuclear decommissioning trusts**: negative 116,000,000 US dollars
- **Investing activities**: negative 5,276,000,000 US dollars. Net cash used.
- **Capital expenditures, including nuclear fuel purchases and LTSA prepayments**: negative 2,078,000,000 US dollars
- **Proceeds from sales of transferable ITCs**: 150,000,000 US dollars
- **Proceeds from sales of property, plant, and equipment, including nuclear fuel**: 196,000,000 US dollars
- **Proceeds from sales of nuclear decommissioning trust fund securities**: 2,216,000,000 US dollars
- **Proceeds from sales of environmental allowances**: 773,000,000 US dollars
- **Investments in nuclear decommissioning trust fund securities**: negative 2,239,000,000 US dollars
- **Energy Harbor acquisition (net of cash acquired)**: negative 3,065,000,000 US dollars
- **Other, net**: negative 3,000,000 US dollars
- **Purchases of environmental allowances**: negative 1,226,000,000 US dollars
- **Financing activities**: negative 1,604,000,000 US dollars. Net cash used.
- **TRA Repurchase and tender offer — return of capital**: negative 122,000,000 US dollars
- **Net borrowings (repayments) under accounts receivable financing**: 750,000,000 US dollars
- **Repayments under Commodity-Linked Facility**: negative 1,802,000,000 US dollars
- **Repayments under Revolving Credit Facility**: negative 50,000,000 US dollars
- **Borrowings under Revolving Credit Facility**: 50,000,000 US dollars
- **Debt issuance costs**: negative 76,000,000 US dollars
- **Dividends paid to preferred stockholders**: negative 173,000,000 US dollars
- **Dividends paid to common stockholders**: negative 305,000,000 US dollars
- **Other, net**: negative 14,000,000 US dollars
- **Borrowings under Commodity-Linked Facility**: 1,802,000,000 US dollars
- **Repayments/repurchases of debt**: negative 2,287,000,000 US dollars
- **Issuances of long-term debt**: 3,817,000,000 US dollars
- **Principal payment on Closing Date**: negative 1,748,000,000 US dollars
- **Dividends paid to noncontrolling and redeemable noncontrolling interest holders**: negative 180,000,000 US dollars
- **Stock repurchases**: negative 1,266,000,000 US dollars
- **Operating adjustment reconciliation**: 4,547,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 8,023,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 8,611,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: 0 US dollars
- **Ending cash on Dec 31, 2024**: 1,222,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 8,102,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 2,317,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 1.62×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 4,563,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 2,078,000,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 2,485,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.75B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 4,563,000,000 US dollars minus 2,078,000,000 US dollars equals 2,485,000,000 US dollars.