Vistra Corp. (VST) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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Vistra Corp. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $1,702,000,000.00Net income → Operating adjustments reconciliation: $135,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $714,000,000.00Deferred income tax expense, net → Operating adjustments reconciliation: $551,000,000.00Margin deposits, net → Operating adjustments reconciliation: $422,000,000.00Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps → Operating adjustments reconciliation: $84,000,000.00Accrued employee incentive → Operating adjustments reconciliation: $62,000,000.00Bad debt expense → Operating adjustments reconciliation: $60,000,000.00Asset retirement obligation accretion expense → Operating adjustments reconciliation: $32,000,000.00Stock-based compensation → Operating adjustments reconciliation: $23,000,000.00Accrued taxes → Operating adjustments reconciliation: $18,000,000.00Other, net → Operating adjustments reconciliation: $14,000,000.00Accrued interest → Operating adjustments reconciliation: $7,000,000.00Operating adjustments reconciliation → Unrealized net gain from mark-to-market valuations of commodities: $1,855,000,000.00Operating adjustments reconciliation → Other operating assets and liabilities: $189,000,000.00Operating adjustments reconciliation → Unrealized net gain from nuclear decommissioning trusts: $78,000,000.00Proceeds from sales of nuclear decommissioning trust fund securities → investing reconciliation: $796,000,000.00Proceeds from sales of environmental allowances → investing reconciliation: $82,000,000.00Proceeds from sale of property, plant and equipment, including nuclear fuel → investing reconciliation: $8,000,000.00investing reconciliation → Investments in nuclear decommissioning trust fund securities: $802,000,000.00investing reconciliation → Capital expenditures, including nuclear fuel purchases and LTSA prepayments: $685,000,000.00investing reconciliation → Purchases of environmental allowances: $152,000,000.00investing reconciliation → Other, net: $9,000,000.00Net cash used in financing activities → financing reconciliation: $1,661,000,000.00Borrowings under Commodity-Linked Facility → financing reconciliation: $1,302,000,000.00Borrowings under Revolving Credit Facility → financing reconciliation: $50,000,000.00Other, net → financing reconciliation: $4,000,000.00financing reconciliation → Repayments under Commodity-Linked Facility: $1,302,000,000.00financing reconciliation → Repayments/repurchases of debt: $1,163,000,000.00financing reconciliation → Stock repurchases: $399,000,000.00financing reconciliation → Dividends paid to common stockholders: $80,000,000.00financing reconciliation → Repayments under Revolving Credit Facility: $50,000,000.00financing reconciliation → Dividends paid to preferred stockholders: $23,000,000.00Net cash used in investing activities → investing reconciliation: $762,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,661,000,000.00Net cash from operating activities → Cash sources and uses: $1,702,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $940,000,000.00Cash sources and uses → Net cash used in investing activities: $762,000,000.00Cash sources and uses → Net cash used in financing activities: $1,661,000,000.00Bad debt expense: $60,000,000.00Credit loss provision+$60.00 MGain on sale of land: $0.00Stock-based compensation: $23,000,000.00Stock-based compensation+$23.00 MOther, net: $14,000,000.00Other non-cash items+$14.00 MDeferred income tax expense, net: $551,000,000.00Deferred taxes & credits+$551.00 MNet income: $1,837,000,000.00Net income+$1.84 BImpacts of Tax Receivable Agreement: $0.00Asset retirement obligation accretion expense: $32,000,000.00Accretion expense+$32.00 MDepreciation and amortization: $714,000,000.00D&A and accretion+$714.00 MUnrealized net gain from mark-to-market valuations of commodities: -$1,855,000,000.00Commodity derivative gain & loss−$1.86 BUnrealized net gain from nuclear decommissioning trusts: -$78,000,000.00Decommissioning trust gain & loss−$78.00 MOther operating assets and liabilities: -$189,000,000.00Other working capital, net−$189.00 MImpairment of long-lived assets: $0.00Accrued interest: $7,000,000.00Accrued interest+$7.00 MUnrealized net (gain) loss from mark-to-market valuations of interest rate swaps: $84,000,000.00Interest rate swap gain & loss+$84.00 MMargin deposits, net: $422,000,000.00Margin deposits, net+$422.00 MGain on TRA repurchase and tender offers: $0.00Accrued taxes: $18,000,000.00Accrued taxes+$18.00 MAccrued employee incentive: $62,000,000.00Accrued compensation+$62.00 MNet cash from operating activities: $1,702,000,000.00Operating cash+$1.70 BOperating adjustments reconciliation: $2,122,000,000.00Stock repurchases: -$399,000,000.00Common stock repurchases−$399.00 MBorrowings under Revolving Credit Facility: $50,000,000.00Credit line borrowings+$50.00 MRepayments under Commodity-Linked Facility: -$1,302,000,000.00Short-term debt repaid−$1.30 BBorrowings under Commodity-Linked Facility: $1,302,000,000.00Short-term debt issued+$1.30 BIssuances of long-term debt: $0.00Dividends paid to common stockholders: -$80,000,000.00Common dividends paid−$80.00 MDividends paid to preferred stockholders: -$23,000,000.00Preferred dividends paid−$23.00 MTRA Repurchase and tender offer — return of capital: $0.00Debt issuance costs: $0.00Repayments/repurchases of debt: -$1,163,000,000.00Long-term debt repaid−$1.16 BNet borrowings (repayments) under accounts receivable financing: $0.00Other, net: $4,000,000.00Other financing, net+$4.00 MDividends paid to noncontrolling interest in subsidiary: $0.00Repayments under Revolving Credit Facility: -$50,000,000.00Credit line repayments−$50.00 MNet cash used in financing activities: -$1,661,000,000.00. Cash required to fund net payments.Financing cash−$1.66 Bfinancing reconciliation: $3,017,000,000.00Purchases of environmental allowances: -$152,000,000.00Intangible asset purchases−$152.00 MProceeds from sale of property, plant and equipment, including nuclear fuel: $8,000,000.00Other asset sales+$8.00 MProceeds from sales of environmental allowances: $82,000,000.00Intangible asset sales+$82.00 MEnergy Harbor acquisition (net of cash acquired): $0.00Capital expenditures, including nuclear fuel purchases and LTSA prepayments: -$685,000,000.00PP&E purchases−$685.00 MInvestments in nuclear decommissioning trust fund securities: -$802,000,000.00Decommissioning trust purchases−$802.00 MProceeds from sales of nuclear decommissioning trust fund securities: $796,000,000.00Decommissioning trust sales+$796.00 MOther, net: -$9,000,000.00Other investing, net−$9.00 MNet cash used in investing activities: -$762,000,000.00. Cash required to fund net payments.Investing cash−$762.00 Minvesting reconciliation: $1,648,000,000.00Cash sources and uses: $3,363,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,661,000,000.00Beginning cash$1.66 BEnding cash: Cash, cash equivalents, and restricted cash: $940,000,000.00Ending cash$940.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.02 BOperating cash − cash spent on PP&ECash flow / Net income0.93×Operating cash flow ÷ net incomeNet cash change−$721.00 MEnding cash − beginning cash
Chart details

Vistra Corp. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
1,661,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,702,000,000 US dollars. Net cash provided.
Bad debt expense
60,000,000 US dollars
Gain on sale of land
0 US dollars
Stock-based compensation
23,000,000 US dollars
Other, net
14,000,000 US dollars
Deferred income tax expense, net
551,000,000 US dollars
Net income
1,837,000,000 US dollars
Impacts of Tax Receivable Agreement
0 US dollars
Asset retirement obligation accretion expense
32,000,000 US dollars
Depreciation and amortization
714,000,000 US dollars
Unrealized net gain from mark-to-market valuations of commodities
negative 1,855,000,000 US dollars
Unrealized net gain from nuclear decommissioning trusts
negative 78,000,000 US dollars
Other operating assets and liabilities
negative 189,000,000 US dollars
Impairment of long-lived assets
0 US dollars
Accrued interest
7,000,000 US dollars
Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps
84,000,000 US dollars
Margin deposits, net
422,000,000 US dollars
Gain on TRA repurchase and tender offers
0 US dollars
Accrued taxes
18,000,000 US dollars
Accrued employee incentive
62,000,000 US dollars
Investing activities
negative 762,000,000 US dollars. Net cash used.
Purchases of environmental allowances
negative 152,000,000 US dollars
Proceeds from sale of property, plant and equipment, including nuclear fuel
8,000,000 US dollars
Proceeds from sales of environmental allowances
82,000,000 US dollars
Energy Harbor acquisition (net of cash acquired)
0 US dollars
Capital expenditures, including nuclear fuel purchases and LTSA prepayments
negative 685,000,000 US dollars
Investments in nuclear decommissioning trust fund securities
negative 802,000,000 US dollars
Proceeds from sales of nuclear decommissioning trust fund securities
796,000,000 US dollars
Other, net
negative 9,000,000 US dollars
Financing activities
negative 1,661,000,000 US dollars. Net cash used.
Stock repurchases
negative 399,000,000 US dollars
Borrowings under Revolving Credit Facility
50,000,000 US dollars
Repayments under Commodity-Linked Facility
negative 1,302,000,000 US dollars
Borrowings under Commodity-Linked Facility
1,302,000,000 US dollars
Issuances of long-term debt
0 US dollars
Dividends paid to common stockholders
negative 80,000,000 US dollars
Dividends paid to preferred stockholders
negative 23,000,000 US dollars
TRA Repurchase and tender offer — return of capital
0 US dollars
Debt issuance costs
0 US dollars
Repayments/repurchases of debt
negative 1,163,000,000 US dollars
Net borrowings (repayments) under accounts receivable financing
0 US dollars
Other, net
4,000,000 US dollars
Dividends paid to noncontrolling interest in subsidiary
0 US dollars
Repayments under Revolving Credit Facility
negative 50,000,000 US dollars
Operating adjustment reconciliation
2,122,000,000 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
3,017,000,000 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
1,648,000,000 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 Sep 30, 2024
940,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,363,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 721,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.93×. 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
1,702,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
685,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,017,000,000 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 exceeds operating cash. The diagram allocates $1.70B of net income directly to operating cash and $135.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of 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: 1,702,000,000 US dollars minus 685,000,000 US dollars equals 1,017,000,000 US dollars.
Vistra Corp. (VST) FY2024 Q3 Statement of Cash Flows Sankey chart
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