Cash flow Vistra Corp.

Equities

VST

US92840M1027

Electric Utilities

Market Closed - Nyse Other stock markets 04:00:02 2025-01-22 pm EST			Pre-market 07:50:09 pm
186.86 ^USD	+0.81%		188.08	+0.65%

Jan. 21	BMO Capital Adjusts Price Target on Vistra to $191 From $151	MT
Jan. 17	Sector Update: Energy Stocks Advance Late Afternoon	MT

2e7a5a04daeaca5382ff20c34.WG98SJHNiwL8-L__1cgez2rA4UGVt-CMyf_6_XYmn2Q.PiROLMG1_22Fz4-Qh6pUrQ2tsjvaxIy-uYuszTsQzD0PAUoZ9vzbd8upyA

Published financial data: VISTRA CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	11.81B	11.44B	12.08B	13.73B	14.78B
Total Revenues	11.81B	11.44B	12.08B	13.73B	14.78B
Fuel & Purchased Power	5.74B	5.17B	9.17B	10.4B	7.56B
Selling General & Admin Expenses, Total	871M	1.04B	1.04B	1.19B	1.31B
Depreciation & Amortization - (IS) - (Collected)	1.64B	1.74B	1.75B	1.6B	1.5B
Other Operating Expenses	1.53B	1.63B	1.57B	1.64B	1.71B
Total Operating Expenses	9.79B	9.57B	13.53B	14.83B	12.07B
Operating Income (REIT / Utility Template)	2.02B	1.87B	-1.45B	-1.1B	2.71B
Interest Expense, Total	-793M	-619M	-350M	-340M	-679M
Interest and Investment Income	10M	2M	-	19M	86M
Net Interest Expenses	-783M	-617M	-350M	-321M	-593M
Income (Loss) on Equity Invest.	16M	4M	-	-	-
Other Non Operating Income (Expenses)	-13M	-18M	-13M	-13M	-51M
EBT, Excl. Unusual Items	1.24B	1.24B	-1.82B	-1.44B	2.06B
Restructuring Charges	-	-	-	-	-
Total Merger & Related Restructuring Charges	-33M	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	-	-29M	-	-	-
Gain (Loss) on Sale of Assets	-	8M	9M	8M	95M
Asset Writedown	-	-356M	-71M	-74M	-49M
Insurance Settlements	22M	6M	88M	70M	24M
Other Unusual Items	-16M	22M	67M	-127M	-132M
EBT, Incl. Unusual Items	1.22B	890M	-1.72B	-1.56B	2B
Income Tax Expense	290M	266M	-458M	-350M	508M
Earnings From Continuing Operations	926M	624M	-1.26B	-1.21B	1.49B
Net Income to Company	926M	624M	-1.26B	-1.21B	1.49B
Minority Interest	2M	12M	-10M	-17M	1M
Net Income - (IS)	928M	636M	-1.27B	-1.23B	1.49B
Preferred Dividend and Other Adjustments	-	-	21M	150M	150M
Net Income to Common Incl Extra Items	928M	636M	-1.3B	-1.38B	1.34B
Net Income to Common Excl. Extra Items	928M	636M	-1.3B	-1.38B	1.34B
Per Share Items
Net EPS - Basic	1.88	1.3	-2.69	-3.26	3.63
Basic EPS - Continuing Operations	1.88	1.3	-2.69	-3.26	3.63
Basic Weighted Average Shares Outstanding	494M	489M	482M	422M	370M
Net EPS - Diluted	1.86	1.3	-2.69	-3.26	3.58
Diluted EPS - Continuing Operations	1.86	1.3	-2.69	-3.26	3.58
Diluted Weighted Average Shares Outstanding	500M	491M	482M	422M	375M
Normalized Basic EPS	1.58	1.61	-2.37	-2.17	3.49
Normalized Diluted EPS	1.56	1.6	-2.37	-2.17	3.44
Dividend Per Share	0.5	0.54	0.6	0.72	0.82
Payout Ratio	26.19	41.82	-22.76	-36.92	31.01
Supplemental Items
Utility Revenues	11.81B	11.44B	12.08B	13.73B	14.78B
EBITDA	3.89B	3.89B	562M	909M	4.64B
EBITA	2.37B	2.21B	-1.27B	-925M	2.85B
EBIT	2.02B	1.87B	-1.45B	-1.1B	2.71B
EBITDAR	3.94B	3.95B	630M	987M	4.73B
Effective Tax Rate - (Ratio)	23.85	29.89	26.6	22.44	25.4
Current Domestic Taxes	9M	36M	17M	9M	51M
Total Current Taxes	9M	36M	17M	9M	51M
Deferred Domestic Taxes	281M	230M	-475M	-359M	457M
Total Deferred Taxes	281M	230M	-475M	-359M	457M
Normalized Net Income	779M	786M	-1.14B	-915M	1.29B
Interest Capitalized	12M	21M	26M	29M	37M
Interest on Long-Term Debt	15M	25M	40M	40M	37M
Non-Cash Pension Expense	2M	5M	1M	-2M	6M
Supplemental Operating Expense Items
Advertising Expense	49M	43M	48M	47M	-
Selling and Marketing Expenses	49M	43M	48M	47M	-
Net Rental Expense, Total	51M	66M	68M	78M	93M
Imputed Operating Lease Interest Expense	28.64M	31.01M	19M	18.67M	37.82M
Imputed Operating Lease Depreciation	22.36M	34.99M	49M	59.33M	55.18M
Stock-Based Comp., SG&A Exp. (Total)	47M	65M	51M	65M	77M
Total Stock-Based Compensation	47M	65M	51M	65M	77M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	300M	406M	1.32B	455M	3.48B
Trading Asset Securities, Total	-	19M	14M	92M	53M
Accounts Receivable, Total	1.36B	1.28B	1.4B	2.06B	1.67B
Other Receivables	-	-	559M	27M	6M
Accounts Receivable (Summary Subtotal)	1.36B	1.28B	1.96B	2.09B	1.68B
Inventory - (Utility Template)	469M	515M	610M	570M	740M
Prepaid Expenses	298M	205M	195M	293M	364M
Restricted Cash	147M	19M	21M	37M	40M
Other Current Assets, Total	1.54B	986M	3.76B	7.58B	5.28B
Total Current Assets	4.11B	3.43B	7.88B	11.12B	11.64B
Gross Property Plant And Equipment	16.31B	16.95B	17.68B	18.09B	18.76B
Accumulated Depreciation	-2.55B	-3.61B	-4.8B	-5.75B	-6.66B
Net Property Plant And Equipment	13.76B	13.34B	12.88B	12.34B	12.1B
Net Nuclear Fuel	197M	207M	212M	268M	379M
Regulatory Assets	-	-	-	40M	-
Goodwill	2.55B	2.58B	2.58B	2.58B	2.58B
Other Intangibles, Total	2.75B	2.45B	2.15B	1.96B	1.86B
Long-Term Investments - (Utility Template)	124M	53M	8M	53M	25M
Deferred Tax Assets Long-Term (Collected)	1.07B	838M	1.3B	1.71B	1.22B
Other Long-Term Assets, Total	2.05B	2.32B	2.66B	2.72B	3.15B
Total Assets	26.62B	25.21B	29.68B	32.79B	32.97B
Liabilities
Accounts Payable, Total	947M	880M	1.52B	1.56B	1.15B
Accrued Expenses, Total	362M	352M	359M	367M	418M
Short-Term Borrowings	800M	300M	-	1.08B	-
Current Portion of Long-Term Debt	295M	166M	313M	85M	2.31B
Current Portion of Leases	22M	16M	13M	17M	16M
Current Income Taxes Payable	1M	16M	-	-	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	2.15B	1.31B	3.64B	7.24B	5.93B
Total Current Liabilities	4.57B	3.04B	5.84B	10.34B	9.82B
Long-Term Debt	10.26B	9.57B	10.63B	11.97B	12.14B
Long-Term Leases	119M	246M	276M	282M	275M
Pension & Other Post Retirement Benefits	295M	312M	276M	237M	247M
Deferred Tax Liability Non-Current	2M	1M	-	1M	1M
Other Non Current Liabilities, Total	3.4B	3.68B	4.36B	5.04B	5.16B
Total Liabilities	18.66B	16.85B	21.39B	27.87B	27.64B
Preferred Stock Redeemable	-	-	2B	2B	2.48B
Total Preferred Equity	-	-	2B	2B	2.48B
Common Stock, Total	5M	5M	5M	5M	5M
Additional Paid In Capital	9.72B	9.79B	9.82B	9.93B	10.1B
Retained Earnings	-764M	-399M	-1.96B	-3.64B	-2.61B
Treasury Stock	-973M	-973M	-1.56B	-3.4B	-4.66B
Comprehensive Income and Other	-30M	-48M	-16M	7M	6M
Total Common Equity	7.96B	8.37B	6.29B	2.9B	2.83B
Minority Interest	1M	-10M	1M	16M	15M
Total Equity	7.96B	8.36B	8.29B	4.92B	5.32B
Total Liabilities And Equity	26.62B	25.21B	29.68B	32.79B	32.97B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	488M	484M	449M	381M	348M
ECS Total Common Shares Outstanding	488M	489M	469M	390M	351M
Book Value / Share	16.32	17.11	13.41	7.45	8.06
Tangible Book Value	2.66B	3.34B	1.56B	-1.64B	-1.62B
Tangible Book Value Per Share	5.45	6.83	3.33	-4.21	-4.6
Total Debt	11.5B	10.3B	11.23B	13.43B	14.74B
Net Debt	11.2B	9.87B	9.9B	12.88B	11.2B
Debt Equivalent of Unfunded Proj. Benefit Obligation	146M	158M	135M	129M	140M
Debt Equivalent Oper. Leases	408M	528M	544M	624M	744M
Minority Interest, Total (Incl. Fin. Div)	1M	-10M	1M	16M	15M
Equity Method Investments, Total	124M	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	450M	496M	574M	526M	709M
Inventories - Finished Goods, Total	19M	19M	36M	44M	31M
Land - (BS)	622M	617M	608M	584M	572M
Machinery, Total	15.37B	15.4B	16.38B	16.76B	17.46B
Full Time Employees	5.48K	5.36K	5.06K	4.91K	4.87K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	36M	45M	45M	65M	61M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	928M	636M	-1.27B	-1.23B	1.49B
Depreciation, Depletion & Amortization	1.52B	1.68B	1.84B	1.83B	1.79B
Amortization of Goodwill and Intangible Assets - (CF)	351M	343M	179M	178M	140M
Total Depreciation, Depletion & Amortization	1.87B	2.02B	2.01B	2.01B	1.93B
Amortization of Deferred Charges, Total	61M	73M	74M	69M	58M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-95M
(Gain) Loss on Sale of Investments - (CF)	220M	184M	-134M	-250M	36M
Total Asset Writedown	-	356M	71M	74M	49M
Stock-Based Compensation (CF)	47M	65M	47M	63M	77M
Provision and Write-off of Bad Debts	82M	110M	110M	179M	164M
Change in Accounts Receivable	-88M	-33M	-228M	-852M	214M
Change In Inventories	-44M	-59M	-100M	36M	-174M
Change in Accounts Payable	-221M	-40M	402M	94M	-350M
Change In Income Taxes	-4M	22M	-20M	-8M	5M
Change in Other Net Operating Assets (Collected)	327M	38M	-1.44B	-1.94B	1.81B
Other Operating Activities	-440M	-33M	277M	2.23B	231M
Cash from Operations	2.74B	3.34B	-206M	485M	5.45B
Capital Expenditure	-624M	-1.17B	-989M	-1.1B	-1.46B
Sale of Property, Plant, and Equipment	-	24M	30M	21M	115M
Cash Acquisitions	-880M	-	-	-	-
Purchase / Sale of Intangible Assets	-322M	-504M	-605M	-1.3B	-571M
Nuclear Fuel Expenditures	-89M	-88M	-44M	-141M	-214M
Contributions to Nuclear Decommissioning Trust	-453M	-455M	-505M	-693M	-624M
Other Investing Activities, Total	651M	622M	960M	1.98B	611M
Cash from Investing	-1.72B	-1.57B	-1.15B	-1.24B	-2.14B
Short Term Debt Issued, Total	111M	-	1.25B	425M	-
Long-Term Debt Issued, Total	7.16B	1.08B	3.2B	6.4B	2.6B
Total Debt Issued	7.27B	1.08B	4.45B	6.82B	2.6B
Short Term Debt Repaid, Total	-	-150M	-1.55B	-	-425M
Long-Term Debt Repaid, Total	-7.41B	-2.43B	-1.83B	-4.5B	-783M
Total Debt Repaid	-7.41B	-2.58B	-3.38B	-4.5B	-1.21B
Repurchase of Common Stock	-656M	-	-471M	-1.95B	-1.24B
Issuance of Preferred Stock	-	-	2B	-	-
Common Dividends Paid	-243M	-266M	-290M	-302M	-313M
Preferred Dividends Paid	-	-	-	-151M	-150M
Common & Preferred Stock Dividends Paid	-243M	-266M	-290M	-453M	-463M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-197M	-22M	-34M	0	24M
Cash from Financing	-1.24B	-1.8B	2.27B	-80M	-294M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-218M	-31M	915M	-834M	3.01B
Supplemental Items
Cash Interest Paid	513M	482M	456M	552M	599M
Cash Income Tax Paid (Refund)	-76M	-140M	-50M	-	-
Net Debt Issued / Repaid	-141M	-1.51B	1.07B	2.32B	1.39B
Levered Free Cash Flow	1.04B	1.08B	-1.2B	-1.68B	1.89B
Unlevered Free Cash Flow	1.53B	1.47B	-984M	-1.47B	2.32B
Change In Net Working Capital	673M	93M	577M	382M	-807M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.8	4.51	-3.31	-2.21	5.14
Return on Total Capital	6.52	6.13	-4.75	-3.64	8.81
Return On Equity %	11.7	7.65	-15.18	-18.32	29.14
Return on Common Equity	11.73	7.79	-17.66	-29.96	46.85
Margin Analysis
Gross Profit Margin %	38.42	40.61	11.17	12.25	37.35
SG&A Margin	7.4	9.09	8.68	8.66	8.88
EBITDA Margin %	32.95	33.98	4.65	6.62	31.38
EBITA Margin %	20.1	19.34	-10.54	-6.74	19.26
EBIT Margin %	17.13	16.34	-12.02	-8.03	18.31
Income From Continuing Operations Margin %	7.84	5.45	-10.47	-8.81	10.1
Net Income Margin %	7.86	5.56	-10.55	-8.94	10.1
Net Avail. For Common Margin %	7.86	5.56	-10.72	-10.03	9.09
Normalized Net Income Margin	6.6	6.87	-9.48	-6.67	8.73
Levered Free Cash Flow Margin	8.78	9.45	-9.95	-12.27	12.81
Unlevered Free Cash Flow Margin	12.98	12.84	-8.14	-10.73	15.69
Asset Turnover
Asset Turnover	0.45	0.44	0.44	0.44	0.45
Fixed Assets Turnover	0.84	0.84	0.92	1.09	1.21
Receivables Turnover (Average Receivables)	9.63	8.66	9.03	7.94	7.92
Inventory Turnover (Average Inventory)	16.51	13.81	19.07	20.42	14.14
Short Term Liquidity
Current Ratio	0.9	1.13	1.35	1.08	1.18
Quick Ratio	0.36	0.56	0.56	0.25	0.53
Operating Cash Flow to Current Liabilities