Operating

Vistra·Cash Flow Statement·25 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Net cash from operating activities	$1.2B	$1.7B	$1.4B	$599M	$572M	$1.5B	$1.4B	$1.2B
Net income	$467M	$1.8B	$490M	-$268M	$327M	$652M	$233M	$1B
Unrealized Gain (Loss) On Commodity Related Derivatives	—	$1.9B	—	-$567M	—	—	-$441M	$723M
Depreciation and amortization	$622M	$714M	$740M	$772M	$762M	$691M	$725M	$718M
Deferred income taxes	$138M	$551M	$0	-$185M	$57M	$196M	$68M	$159M
Accrued compensation and employee benefits	—	—	$86M	-$177M	—	—	—	-$135M
Unrealized Gain (Loss) From Nuclear Decommissioning Trusts	$27M	$78M	—	-$15M	$89M	$90M	—	-$111M
Income and other taxes	—	—	—	-$109M	—	—	$46M	-$110M
Other working capital changes	$442M	$189M	—	$54M	$417M	$91M	—	$91M
Increase (Decrease) In Margin Deposits, Net	-$305M	-$422M	$0	$217M	$151M	$0	$408M	-$67M
Accounts Receivable, Credit Loss Expense (Reversal)	$36M	$60M	$51M	$44M	$43M	$65M	$49M	$42M
Stock-based compensation	$32M	$23M	$24M	$21M	$25M	$36M	$31M	$32M
Non-cash interest expense	$33M	$32M	$30M	$34M	$32M	$34M	$34M	$29M
Unrealized (Gain) Loss On Interest Rate Swap Derivatives	$11M	-$84M	$79M	-$48M	-$26M	-$10M	—	$16M
Other Noncash Income (Expense)	—	—	$75M	-$57M	$44M	-$23M	$83M	$12M
Change in accounts payable	$4.8M	$4.8M	$4.8M	$4M	$4M	$4M	$4M	—
Change in accounts receivable	$60.5M	$60.5M	$60.5M	$132M	$132M	$132M	$132M	—
Change in inventories	$7.8M	$7.8M	$7.8M	$750K	$750K	$750K	$750K	—
Change in other liabilities	-$27.8M	-$27.8M	-$27.8M	$55M	$55M	$55M	$55M	—
Increase Decrease In Asset Retirement Obligations	$9.5M	$9.5M	$9.5M	-$5M	-$5M	-$5M	-$5M	—
Increase (Decrease) In Commodity And Derivative Assets And Liabilities	$43.8M	$43.8M	$43.8M	$25.5M	$25.5M	$25.5M	$25.5M	—
Increase (Decrease) in Deferred Charges	$22.8M	$22.8M	$22.8M	-$1.8M	-$1.8M	-$1.8M	-$1.8M	—
Increase (Decrease) in Other Operating Assets	$154M	$154M	$154M	-$22M	-$22M	-$22M	-$22M	—
Payments For Settlement Of Asset Retirement Obligation	$22M	$22M	$22M	$24M	$24M	$24M	$24M	—

Metrics

Operating

Breakdown

Metrics

Change in accounts payable

Change in accounts receivable

Change in inventories

Change in other liabilities

Other working capital changes

Deferred income taxes

Depreciation and amortization

Net cash from operating activities

Net income

Non-cash interest expense

Income and other taxes

Increase Decrease In Asset Retirement Obligations

Increase (Decrease) In Commodity And Derivative Assets And Liabilities

Increase (Decrease) in Deferred Charges

Accrued compensation and employee benefits

Increase Decrease In Interest Payable Net

Increase (Decrease) In Margin Deposits, Net

Increase (Decrease) in Other Operating Assets

Other Noncash Income (Expense)

Payments For Settlement Of Asset Retirement Obligation

Accounts Receivable, Credit Loss Expense (Reversal)

Unrealized Gain (Loss) From Nuclear Decommissioning Trusts

Unrealized Gain (Loss) On Commodity Related Derivatives

Unrealized (Gain) Loss On Interest Rate Swap Derivatives

Stock-based compensation