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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)$543.0M
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$49.4B
P/E Ratio22.02
ROE43.01%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquired in-process research and development$626M$21M$4M$32M$218M$121M
Acquisitions, net of cash acquired—$0$0$0—-$6M
Capital expenditures$430M$768M$690M$458M$836M$883M
Payment for (Proceeds from) Other Investing Activity$1M$2M$6M-$15M$17M-$65M
Payments to Acquire Intangible Assets$715M$307M$85M$119M$678M$160M
Payments to Acquire Investments to be Held in Decommissioning Trust Fund$649M$2.1B$923M$1.1B$1B$1.8B
Proceeds from Decommissioning Trust Fund Assets$643M$2.1B$917M$1.1B$1B$1.8B
Proceeds from sales of transferable ITCs$37.5M$0$0$0$0—
Proceeds from sale of assets$59M$0$0$21M$98M$28M
Net cash from investing activities-$317M-$1.1B-$610M-$491M-$2.2B-$638M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$4.8M$4M$4M$4M$4M—
Change in accounts receivable$60.5M$132M$132M$132M$132M—
Change in inventories$7.8M$750K$750K$750K$750K—
Change in other liabilities-$27.8M$55M$55M$55M$55M—
Other working capital changes—$54M$417M$91M—$91M
Deferred income taxes$0-$185M$57M$196M$68M$159M
Depreciation and amortization$740M$772M$762M$691M$725M$718M
Net cash from operating activities$1.4B$599M$572M$1.5B$1.4B$1.2B
Net income$490M-$268M$327M$652M$233M$1B
Non-cash interest expense$30M$34M$32M$34M$34M$29M
Income and other taxes—-$109M——$46M-$110M
Increase Decrease In Asset Retirement Obligations$9.5M-$5M-$5M-$5M-$5M—
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$86M-$177M———-$135M
Increase Decrease In Interest Payable Net-$29M$51M-$56M$37M-$36M$99M
Increase (Decrease) In Margin Deposits, Net$0$217M$151M$0$408M-$67M
Increase (Decrease) in Other Operating Assets$154M-$22M-$22M-$22M-$22M—
Other Noncash Income (Expense)$75M-$57M$44M-$23M$83M$12M
Payments For Settlement Of Asset Retirement Obligation$22M$24M$24M$24M$24M—
Accounts Receivable, Credit Loss Expense (Reversal)$51M$44M$43M$65M$49M$42M
Unrealized Gain (Loss) From Nuclear Decommissioning Trusts—-$15M$89M$90M—-$111M
Unrealized Gain (Loss) On Commodity Related Derivatives—-$567M——-$441M$723M
Unrealized (Gain) Loss On Interest Rate Swap Derivatives$79M-$48M-$26M-$10M—$16M
Stock-based compensation$24M$21M$25M$36M$31M$32M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0$0——$380M$150M
Repayments of debt$18M$6M$751M$7M$1.8B$115M
Dividends paid$75M$83M$69M$77M$77M$77M
Payments For Forward Repurchase Obligation$0$175.8M$175.8M$175.8M$175.8M—
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$75M$21M$75M$21M$75M$21M
Payments to Noncontrolling Interests$437M$0$0$0$0—
Proceeds from issuances of debt$1.6B$0$209M$215M$2.1B$2.3B
Other, net-$12M$1M$12M$8M-$40M-$1M
Net borrowings (repayments) under accounts receivable financing—$332M$43M$100M$0-$475M
Repayments of Short-Term Debt$0$0$126M$861M$100M$1.4B
Net cash from financing activities-$754M-$164M-$63M-$833M—-$706M
Payment of debt issuance costs$44M$0$0$2M$21M$26M
Repurchases of common stock$245M$337M$252M$187M$252M$372M
Taxes paid for net share settlement—$50M—$1M—$69M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$923M-$169M-$118M$1B$596M$316M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—-$626M-$101M——-$145M
Interest Costs Capitalized$19.3M$29M———$42M
Proceeds from insurance settlements related to property and equipment—$0$173M$25M$127M$186M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
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—