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

- Company: Vistra Corp. (VST)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-08, accession number 0001692819-25-000035
- Page: https://plicit.ai/financials/vst/fy2025-q1-cash-flow
- Chart image: https://plicit.ai/charts/vst-fy2025-q1-cash-flow-sankey.png

## Chart details

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.