Vistra Corp. (VST) FY2026 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-03-31

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Vistra Corp. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026One 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 (loss) → Net cash from operating activities: $1,029,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $718,000,000.00Deferred income tax expense (benefit), net → Operating adjustments reconciliation: $159,000,000.00Unrealized net loss from nuclear decommissioning trusts → Operating adjustments reconciliation: $111,000,000.00Accrued interest → Operating adjustments reconciliation: $99,000,000.00Margin deposits, net → Operating adjustments reconciliation: $67,000,000.00Bad debt expense → Operating adjustments reconciliation: $42,000,000.00Stock-based compensation expense → Operating adjustments reconciliation: $32,000,000.00Asset retirement obligation accretion expense → Operating adjustments reconciliation: $29,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $170,000,000.00Operating adjustments reconciliation → Unrealized net (gain) loss from mark-to-market valuations of commodities: $723,000,000.00Operating adjustments reconciliation → Accrued employee incentive: $135,000,000.00Operating adjustments reconciliation → Accrued taxes other than income: $110,000,000.00Operating adjustments reconciliation → Other operating assets and liabilities: $91,000,000.00Operating adjustments reconciliation → Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps: $16,000,000.00Operating adjustments reconciliation → Other, net: $12,000,000.00Proceeds from sales of nuclear decommissioning trust fund securities → investing reconciliation: $1,821,000,000.00Insurance proceeds for recovery of damaged property, plant, and equipment → investing reconciliation: $186,000,000.00Proceeds from sales of environmental allowances → investing reconciliation: $121,000,000.00Other, net → investing reconciliation: $65,000,000.00Proceeds from sales of property, plant, and equipment, including nuclear fuel → investing reconciliation: $28,000,000.00Lotus acquisition purchase price adjustment → investing reconciliation: $6,000,000.00investing reconciliation → Investments in nuclear decommissioning trust fund securities: $1,822,000,000.00investing reconciliation → Capital expenditures, including nuclear fuel purchases and LTSA prepayments: $883,000,000.00investing reconciliation → Purchases of environmental allowances: $160,000,000.00Net cash used in financing activities → financing reconciliation: $706,000,000.00Issuances of debt → financing reconciliation: $2,250,000,000.00Borrowings under Revolving Credit Facility → financing reconciliation: $150,000,000.00financing reconciliation → Repayments under Commodity-Linked Facility: $1,420,000,000.00financing reconciliation → Repayments under Revolving Credit Facility: $530,000,000.00financing reconciliation → Net borrowings (repayments) under accounts receivable financing: $475,000,000.00financing reconciliation → Stock repurchases: $372,000,000.00financing reconciliation → Repayments/repurchases of debt: $115,000,000.00financing reconciliation → Dividends paid to common stockholders: $77,000,000.00financing reconciliation → Tax withholding on stock based compensation: $69,000,000.00financing reconciliation → Debt issuance costs: $26,000,000.00financing reconciliation → Dividends paid to preferred stockholders: $21,000,000.00financing reconciliation → Other, net: $1,000,000.00Net cash used in investing activities → investing reconciliation: $638,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $822,000,000.00Net cash from operating activities → Cash sources and uses: $1,199,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $677,000,000.00Cash sources and uses → Net cash used in investing activities: $638,000,000.00Cash sources and uses → Net cash used in financing activities: $706,000,000.00Net income (loss): $1,029,000,000.00Net income (loss)+$1.03 BDepreciation and amortization: $718,000,000.00D&A and accretion+$718.00 MDeferred income tax expense (benefit), net: $159,000,000.00Deferred taxes & credits+$159.00 MUnrealized net (gain) loss from mark-to-market valuations of commodities: -$723,000,000.00Commodity derivative gain & loss−$723.00 MUnrealized net (gain) loss from mark-to-market valuations of interest rate swaps: -$16,000,000.00Interest rate swap gain & loss−$16.00 MUnrealized net loss from nuclear decommissioning trusts: $111,000,000.00Decommissioning trust gain & loss+$111.00 MAsset retirement obligation accretion expense: $29,000,000.00Accretion expense+$29.00 MBad debt expense: $42,000,000.00Credit loss provision+$42.00 MStock-based compensation expense: $32,000,000.00Stock-based compensation+$32.00 MOther, net: -$12,000,000.00Other non-cash items−$12.00 MMargin deposits, net: $67,000,000.00Margin deposits, net+$67.00 MAccrued interest: $99,000,000.00Accrued interest+$99.00 MAccrued taxes other than income: -$110,000,000.00Accrued taxes−$110.00 MAccrued employee incentive: -$135,000,000.00Accrued compensation−$135.00 MOther operating assets and liabilities: -$91,000,000.00Other working capital, net−$91.00 MNet cash from operating activities: $1,199,000,000.00Operating cash+$1.20 BOperating adjustments reconciliation: $1,257,000,000.00Issuances of debt: $2,250,000,000.00Debt issued+$2.25 BRepayments/repurchases of debt: -$115,000,000.00Long-term debt repaid−$115.00 MNet borrowings (repayments) under accounts receivable financing: -$475,000,000.00Receivables financing, net−$475.00 MBorrowings under Revolving Credit Facility: $150,000,000.00Credit line borrowings+$150.00 MRepayments under Revolving Credit Facility: -$530,000,000.00Credit line repayments−$530.00 MRepayments under Commodity-Linked Facility: -$1,420,000,000.00Short-term debt repaid−$1.42 BDebt issuance costs: -$26,000,000.00Financing costs paid−$26.00 MStock repurchases: -$372,000,000.00Common stock repurchases−$372.00 MDividends paid to common stockholders: -$77,000,000.00Common dividends paid−$77.00 MDividends paid to preferred stockholders: -$21,000,000.00Preferred dividends paid−$21.00 MTax withholding on stock based compensation: -$69,000,000.00Stock-award tax withholding−$69.00 MOther, net: -$1,000,000.00Other financing, net−$1.00 MNet cash used in financing activities: -$706,000,000.00. Cash required to fund net payments.Financing cash−$706.00 Mfinancing reconciliation: $3,106,000,000.00Capital expenditures, including nuclear fuel purchases and LTSA prepayments: -$883,000,000.00PP&E purchases−$883.00 MLotus acquisition purchase price adjustment: $6,000,000.00Acquisitions, net of cash+$6.00 MProceeds from sales of nuclear decommissioning trust fund securities: $1,821,000,000.00Decommissioning trust sales+$1.82 BInvestments in nuclear decommissioning trust fund securities: -$1,822,000,000.00Decommissioning trust purchases−$1.82 BProceeds from sales of environmental allowances: $121,000,000.00Intangible asset sales+$121.00 MPurchases of environmental allowances: -$160,000,000.00Intangible asset purchases−$160.00 MInsurance proceeds for recovery of damaged property, plant, and equipment: $186,000,000.00Insurance proceeds+$186.00 MProceeds from sales of property, plant, and equipment, including nuclear fuel: $28,000,000.00Other asset sales+$28.00 MOther, net: $65,000,000.00Other investing, net+$65.00 MNet cash used in investing activities: -$638,000,000.00. Cash required to fund net payments.Investing cash−$638.00 Minvesting reconciliation: $2,865,000,000.00Cash sources and uses: $2,021,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $822,000,000.00Beginning cash$822.00 MEnding cash: Cash, cash equivalents, and restricted cash: $677,000,000.00Ending cash$677.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$316.00 MOperating cash − cash spent on PP&ECash flow / Net income1.17×Operating cash flow ÷ net incomeNet cash change−$145.00 MEnding cash − beginning cash
Chart details

Vistra Corp. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026

Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
822,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,199,000,000 US dollars. Net cash provided.
Net income (loss)
1,029,000,000 US dollars
Depreciation and amortization
718,000,000 US dollars
Deferred income tax expense (benefit), net
159,000,000 US dollars
Unrealized net (gain) loss from mark-to-market valuations of commodities
negative 723,000,000 US dollars
Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps
negative 16,000,000 US dollars
Unrealized net loss from nuclear decommissioning trusts
111,000,000 US dollars
Asset retirement obligation accretion expense
29,000,000 US dollars
Bad debt expense
42,000,000 US dollars
Stock-based compensation expense
32,000,000 US dollars
Other, net
negative 12,000,000 US dollars
Margin deposits, net
67,000,000 US dollars
Accrued interest
99,000,000 US dollars
Accrued taxes other than income
negative 110,000,000 US dollars
Accrued employee incentive
negative 135,000,000 US dollars
Other operating assets and liabilities
negative 91,000,000 US dollars
Investing activities
negative 638,000,000 US dollars. Net cash used.
Capital expenditures, including nuclear fuel purchases and LTSA prepayments
negative 883,000,000 US dollars
Lotus acquisition purchase price adjustment
6,000,000 US dollars
Proceeds from sales of nuclear decommissioning trust fund securities
1,821,000,000 US dollars
Investments in nuclear decommissioning trust fund securities
negative 1,822,000,000 US dollars
Proceeds from sales of environmental allowances
121,000,000 US dollars
Purchases of environmental allowances
negative 160,000,000 US dollars
Insurance proceeds for recovery of damaged property, plant, and equipment
186,000,000 US dollars
Proceeds from sales of property, plant, and equipment, including nuclear fuel
28,000,000 US dollars
Other, net
65,000,000 US dollars
Financing activities
negative 706,000,000 US dollars. Net cash used.
Issuances of debt
2,250,000,000 US dollars
Repayments/repurchases of debt
negative 115,000,000 US dollars
Net borrowings (repayments) under accounts receivable financing
negative 475,000,000 US dollars
Borrowings under Revolving Credit Facility
150,000,000 US dollars
Repayments under Revolving Credit Facility
negative 530,000,000 US dollars
Repayments under Commodity-Linked Facility
negative 1,420,000,000 US dollars
Debt issuance costs
negative 26,000,000 US dollars
Stock repurchases
negative 372,000,000 US dollars
Dividends paid to common stockholders
negative 77,000,000 US dollars
Dividends paid to preferred stockholders
negative 21,000,000 US dollars
Tax withholding on stock based compensation
negative 69,000,000 US dollars
Other, net
negative 1,000,000 US dollars
Operating adjustment reconciliation
1,257,000,000 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
3,106,000,000 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
2,865,000,000 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, 2026
677,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,021,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 145,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.17×. 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
1,199,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
883,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
316,000,000 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 $170.00M 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: 1,199,000,000 US dollars minus 883,000,000 US dollars equals 316,000,000 US dollars.
Vistra Corp. (VST) FY2026 Q1 Statement of Cash Flows Sankey chart
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