Vistra Corp. (VST) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-03-31

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Vistra Corp. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025One 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.Depreciation and amortization → operating reconciliation: $772,000,000.00Unrealized net loss from mark-to-market valuations of commodities → operating reconciliation: $567,000,000.00Other, net → operating reconciliation: $57,000,000.00Accrued interest → operating reconciliation: $51,000,000.00Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps → operating reconciliation: $48,000,000.00Bad debt expense → operating reconciliation: $44,000,000.00Asset retirement obligation accretion expense → operating reconciliation: $34,000,000.00Stock-based compensation expense → operating reconciliation: $21,000,000.00Unrealized net (gain) loss from nuclear decommissioning trusts → operating reconciliation: $15,000,000.00operating reconciliation → Net cash from operating activities: $599,000,000.00operating reconciliation → Net income (loss): $268,000,000.00operating reconciliation → Margin deposits, net: $217,000,000.00operating reconciliation → Deferred income tax benefit, net: $185,000,000.00operating reconciliation → Accrued employee incentive: $177,000,000.00operating reconciliation → Accrued taxes: $109,000,000.00operating reconciliation → Other operating assets and liabilities: $54,000,000.00Proceeds from sales of nuclear decommissioning trust fund securities → investing reconciliation: $2,107,000,000.00Proceeds from sales of environmental allowances → investing reconciliation: $21,000,000.00investing reconciliation → Investments in nuclear decommissioning trust fund securities: $2,112,000,000.00investing reconciliation → Capital expenditures, including nuclear fuel purchases and LTSA prepayments: $768,000,000.00investing reconciliation → Purchases of environmental allowances: $307,000,000.00investing reconciliation → Other, net: $2,000,000.00Net cash used in financing activities → financing reconciliation: $164,000,000.00Net borrowings (repayments) under accounts receivable financing → financing reconciliation: $332,000,000.00Other, net → financing reconciliation: $1,000,000.00financing reconciliation → Stock repurchases: $337,000,000.00financing reconciliation → Dividends paid to common stockholders: $83,000,000.00financing reconciliation → Tax withholding on stock based compensation: $50,000,000.00financing reconciliation → Dividends paid to preferred stockholders: $21,000,000.00financing reconciliation → Repayments/repurchases of debt: $6,000,000.00Net cash used in investing activities → investing reconciliation: $1,061,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,222,000,000.00Net cash from operating activities → Cash sources and uses: $599,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $596,000,000.00Cash sources and uses → Net cash used in investing activities: $1,061,000,000.00Cash sources and uses → Net cash used in financing activities: $164,000,000.00Deferred income tax benefit, net: -$185,000,000.00Deferred taxes & credits−$185.00 MBad debt expense: $44,000,000.00Credit loss provision+$44.00 MDepreciation and amortization: $772,000,000.00D&A and accretion+$772.00 MStock-based compensation expense: $21,000,000.00Stock-based compensation+$21.00 MAsset retirement obligation accretion expense: $34,000,000.00Accretion expense+$34.00 MAccrued interest: $51,000,000.00Accrued interest+$51.00 MAccrued employee incentive: -$177,000,000.00Accrued compensation−$177.00 MAccrued taxes: -$109,000,000.00Accrued taxes−$109.00 MNet income (loss): -$268,000,000.00Net income (loss)−$268.00 MUnrealized net loss from mark-to-market valuations of commodities: $567,000,000.00Commodity derivative gain & loss+$567.00 MUnrealized net (gain) loss from nuclear decommissioning trusts: $15,000,000.00Decommissioning trust gain & loss+$15.00 MUnrealized net (gain) loss from mark-to-market valuations of interest rate swaps: $48,000,000.00Interest rate swap gain & loss+$48.00 MMargin deposits, net: -$217,000,000.00Margin deposits, net−$217.00 MOther, net: $57,000,000.00Other non-cash items+$57.00 MOther operating assets and liabilities: -$54,000,000.00Other working capital, net−$54.00 MNet cash from operating activities: $599,000,000.00Operating cash+$599.00 Moperating reconciliation: $1,609,000,000.00Other, net: $1,000,000.00Other financing, net+$1.00 MDividends paid to preferred stockholders: -$21,000,000.00Preferred dividends paid−$21.00 MDividends paid to common stockholders: -$83,000,000.00Common dividends paid−$83.00 MIssuances of long-term debt: $0.00Stock repurchases: -$337,000,000.00Common stock repurchases−$337.00 MBorrowings under Commodity-Linked Facility: $0.00Repayments/repurchases of debt: -$6,000,000.00Long-term debt repaid−$6.00 MTax withholding on stock based compensation: -$50,000,000.00Stock-award tax withholding−$50.00 MNet borrowings (repayments) under accounts receivable financing: $332,000,000.00Receivables financing, net+$332.00 MTRA Repurchase and tender offer — return of capital: $0.00Net cash used in financing activities: -$164,000,000.00. Cash required to fund net payments.Financing cash−$164.00 Mfinancing reconciliation: $497,000,000.00Other, net: -$2,000,000.00Other investing, net−$2.00 MPurchases of environmental allowances: -$307,000,000.00Intangible asset purchases−$307.00 MProceeds from sales of nuclear decommissioning trust fund securities: $2,107,000,000.00Decommissioning trust sales+$2.11 BEnergy Harbor acquisition (net of cash acquired): $0.00Investments in nuclear decommissioning trust fund securities: -$2,112,000,000.00Decommissioning trust purchases−$2.11 BProceeds from sales of environmental allowances: $21,000,000.00Intangible asset sales+$21.00 MProceeds from sale of property, plant and equipment, including nuclear fuel: $0.00Capital expenditures, including nuclear fuel purchases and LTSA prepayments: -$768,000,000.00PP&E purchases−$768.00 MNet cash used in investing activities: -$1,061,000,000.00. Cash required to fund net payments.Investing cash−$1.06 Binvesting reconciliation: $3,189,000,000.00Cash sources and uses: $1,821,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,222,000,000.00Beginning cash$1.22 BEnding cash: Cash, cash equivalents, and restricted cash: $596,000,000.00Ending cash$596.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$268.00M + net operating adjustments $867.00M = operating cash +$599.00MFree cash flow−$169.00 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$626.00 MEnding cash − beginning cash
Chart details

Vistra Corp. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025

Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
1,222,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
599,000,000 US dollars. Net cash provided.
Deferred income tax benefit, net
negative 185,000,000 US dollars
Bad debt expense
44,000,000 US dollars
Depreciation and amortization
772,000,000 US dollars
Stock-based compensation expense
21,000,000 US dollars
Asset retirement obligation accretion expense
34,000,000 US dollars
Accrued interest
51,000,000 US dollars
Accrued employee incentive
negative 177,000,000 US dollars
Accrued taxes
negative 109,000,000 US dollars
Net income (loss)
negative 268,000,000 US dollars
Unrealized net loss from mark-to-market valuations of commodities
567,000,000 US dollars
Unrealized net (gain) loss from nuclear decommissioning trusts
15,000,000 US dollars
Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps
48,000,000 US dollars
Margin deposits, net
negative 217,000,000 US dollars
Other, net
57,000,000 US dollars
Other operating assets and liabilities
negative 54,000,000 US dollars
Investing activities
negative 1,061,000,000 US dollars. Net cash used.
Other, net
negative 2,000,000 US dollars
Purchases of environmental allowances
negative 307,000,000 US dollars
Proceeds from sales of nuclear decommissioning trust fund securities
2,107,000,000 US dollars
Energy Harbor acquisition (net of cash acquired)
0 US dollars
Investments in nuclear decommissioning trust fund securities
negative 2,112,000,000 US dollars
Proceeds from sales of environmental allowances
21,000,000 US dollars
Proceeds from sale of property, plant and equipment, including nuclear fuel
0 US dollars
Capital expenditures, including nuclear fuel purchases and LTSA prepayments
negative 768,000,000 US dollars
Financing activities
negative 164,000,000 US dollars. Net cash used.
Other, net
1,000,000 US dollars
Dividends paid to preferred stockholders
negative 21,000,000 US dollars
Dividends paid to common stockholders
negative 83,000,000 US dollars
Issuances of long-term debt
0 US dollars
Stock repurchases
negative 337,000,000 US dollars
Borrowings under Commodity-Linked Facility
0 US dollars
Repayments/repurchases of debt
negative 6,000,000 US dollars
Tax withholding on stock based compensation
negative 50,000,000 US dollars
Net borrowings (repayments) under accounts receivable financing
332,000,000 US dollars
TRA Repurchase and tender offer — return of capital
0 US dollars
Operating adjustment reconciliation
1,609,000,000 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
497,000,000 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
3,189,000,000 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 Mar 31, 2025
596,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,821,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 626,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
599,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
768,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 169,000,000 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 loss −$268.00M + net operating adjustments $867.00M = operating cash +$599.00M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • 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: 599,000,000 US dollars minus 768,000,000 US dollars equals negative 169,000,000 US dollars.
Vistra Corp. (VST) FY2025 Q1 Statement of Cash Flows Sankey chart
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