Income StatementBalance SheetCash FlowSegments
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Vistra Cash Flow Statement

Operating, investing, and financing cash movements

Vistra generated $4.7B in operating cash flow over the trailing twelve months. After $2.9B in capital expenditures, free cash flow was $1.8B. Free cash flow decreased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$4.7BNet Cash From Investing (TTM)-$4.0BNet Cash From Financing (TTM)-$1.8BCapital Expenditures (TTM)$2.9BDepreciation And Amortization Cf (TTM)$2.9BNet Change In Cash (TTM)-$2.3B
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$49.5B
P/E Ratio22.10
ROE43.01%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$0.0$0.0$0.0$0.0—-$6.0M
Capital expenditures$430.0M$768.0M$690.0M$458.0M$836.0M$883.0M
Payment for (Proceeds from) Other Investing Activity$1.0M$2.0M$6.0M-$15.0M$17.0M-$65.0M
Payments to Acquire Intangible Assets$715.0M$307.0M$85.0M$119.0M$678.0M$160.0M
Payments to Acquire Investments to be Held in Decommissioning Trust Fund$649.0M$2.1B$923.0M$1.1B$1.0B$1.8B
Proceeds from Decommissioning Trust Fund Assets$643.0M$2.1B$917.0M$1.1B$1.0B$1.8B
Proceeds from sales of transferable ITCs$37.5M$0.0$0.0$0.0$0.0—
Proceeds from sale of assets$59.0M$0.0$0.0$21.0M$98.0M$28.0M
Net cash from investing activities-$317.0M-$1.1B-$610.0M-$491.0M-$2.2B-$638.0M
Proceeds from Sale of Intangible Assets$626.0M$21.0M$4.0M$32.0M$218.0M$121.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from lines of credit$0.0$0.0———$150.0M
Repayments of debt$18.0M$6.0M$751.0M$7.0M$1.8B$115.0M
Dividends paid$75.0M$83.0M$69.0M$77.0M$77.0M$77.0M
Payments For Forward Repurchase Obligation$0.0$175.8M$175.8M$175.8M$175.8M—
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$75.0M$21.0M$75.0M$21.0M$75.0M$21.0M
Payments to Noncontrolling Interests$437.0M$0.0$0.0$0.0$0.0—
Proceeds from issuances of debt$1.6B$0.0$209.0M$215.0M$2.1B$2.3B
Other, net-$1.0M$1.0M$12.0M$8.0M-$40.0M-$1.0M
Net borrowings (repayments) under accounts receivable financing$0.0$332.0M$43.0M$100.0M$0.0-$475.0M
Repayments of Short-Term Debt$0.0$0.0$126.0M$861.0M$100.0M$1.4B
Repayments of Lines of Credit$0.0$0.0———$530.0M
Net cash from financing activities-$754.0M-$164.0M-$63.0M-$833.0M—-$706.0M
Repurchases of common stock$245.0M$337.0M$252.0M$187.0M$252.0M$372.0M
Taxes paid for net share settlement—$50.0M$0.0$1.0M—$69.0M
Payments of consent fees related to long-term debt$19.0M$0.0$0.0$2.0M$21.0M$26.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$4.8M$4.0M$4.0M$4.0M$4.0M—
Change in accounts receivable$60.5M$132.0M$132.0M$132.0M$132.0M—
Change in inventories$7.8M$750.0K$750.0K$750.0K$750.0K—
Change in other liabilities-$27.8M$55.0M$55.0M$55.0M$55.0M—
Other working capital changes—$54.0M$417.0M$91.0M—$91.0M
Deferred income taxes$0.0-$185.0M$57.0M$196.0M$68.0M$159.0M
Depreciation and amortization$740.0M$772.0M$762.0M$691.0M$725.0M$718.0M
Net cash from operating activities$1.4B$599.0M$572.0M$1.5B$1.4B$1.2B
Net income$490.0M-$268.0M$327.0M$652.0M$233.0M$1.0B
Non-cash interest expense$30.0M$34.0M$32.0M$34.0M$34.0M$29.0M
Income and other taxes—-$109.0M$53.0M$37.0M$46.0M-$110.0M
Increase Decrease In Asset Retirement Obligations$9.5M-$5.0M-$5.0M-$5.0M-$5.0M—
Increase (Decrease) In Commodity And Derivative Assets And Liabilities$43.8M$25.5M$25.5M$25.5M$25.5M—
Increase (Decrease) in Deferred Charges$22.8M-$1.8M-$1.8M-$1.8M-$1.8M—
Accrued compensation and employee benefits$86.0M-$177.0M$32.0M$39.0M—-$135.0M
Increase (Decrease) In Margin Deposits, Net$0.0$217.0M$151.0M-$7.0M$408.0M-$67.0M
Increase (Decrease) in Other Operating Assets$154.0M-$22.0M-$22.0M-$22.0M-$22.0M—
Other Noncash Income (Expense)$80.0M-$57.0M$44.0M-$23.0M$83.0M$12.0M
Payments For Settlement Of Asset Retirement Obligation$22.0M$24.0M$24.0M$24.0M$24.0M—
Accounts Receivable, Credit Loss Expense (Reversal)$51.0M$44.0M$43.0M$65.0M$49.0M$42.0M
Unrealized Gain (Loss) From Nuclear Decommissioning Trusts—-$15.0M$89.0M$90.0M—-$111.0M
Unrealized Gain (Loss) On Commodity Related Derivatives—-$567.0M$16.0M$184.0M-$441.0M$723.0M
Unrealized (Gain) Loss On Interest Rate Swap Derivatives$79.0M-$48.0M-$26.0M-$10.0M—$16.0M
Stock-based compensation$24.0M$21.0M$25.0M$36.0M$31.0M$32.0M
Change in Interest Payable-$29.0M$51.0M-$56.0M$37.0M-$36.0M$99.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$923.0M-$169.0M-$118.0M$1.0B$596.0M$316.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$246.8M$210.0M———$202.0M
Financed construction projects$64.5M$27.0M$27.0M$27.0M$27.0M—
Issuance of Series C Preferred Stock as consideration for the repurchase of TRA Rights with a carrying value of $506 million$0.0$0.0$0.0$0.0$0.0—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—-$626.0M-$101.0M$143.0M—-$145.0M
Interest Costs Capitalized$19.3M$29.0M———$42.0M
Proceeds from insurance settlements related to property and equipment$750.0K$0.0$173.0M$25.0M$127.0M$186.0M