Operating

Vistra·Cash Flow Statement·35 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
Change in Interest Payable	$7M	$7M	-$29M	$51M	-$56M	$37M	-$36M	$99M
Other working capital changes	$442M	$189M	—	$54M	$417M	$91M	—	$91M
Increase (Decrease) In Margin Deposits, Net	-$305M	-$422M	$0	$217M	$151M	$0	$408M	-$67M
Benefit from Receivables	$36M	$60M	$51M	$44M	$43M	$65M	$49M	$42M
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 non-cash income (expense)	—	—	$75M	-$57M	$44M	-$23M	$83M	$12M
Other Non-Cash Income (Expense)	—	—	$75M	-$57M	$44M	-$23M	$83M	$12M
Other Non-cash Income (Expense)	—	—	$75M	-$57M	$44M	-$23M	$83M	$12M
Other Non-cash Income (Expense)	—	—	$75M	-$57M	$44M	-$23M	$83M	$12M
Other non-cash income (expense)	—	—	$75M	-$57M	$44M	-$23M	$83M	$12M
Other Noncash Income (Expense)	—	—	$75M	-$57M	$44M	-$23M	$83M	$12M
Other Non-cash Income and Expense	—	—	$75M	-$57M	$44M	-$23M	$83M	$12M
Other Non-Cash Adjustments	—	—	$75M	-$57M	$44M	-$23M	$83M	$12M
Other Non-Cash Income and 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	—
Change in Asset Retirement Obligations	$9.5M	$9.5M	$9.5M	-$5M	-$5M	-$5M	-$5M	—

Metrics

Operating

Breakdown

Metrics

Other non-cash income (expense)

Change in accounts payable

Change in accounts receivable

Change in inventories

Change in other liabilities

Other working capital changes

Benefit from Receivables

Deferred income taxes

Depreciation and amortization

Other Non-Cash Income (Expense)

Other Non-cash Income (Expense)

Other Non-cash Income (Expense)

Net cash from operating activities

Net income

Other non-cash income (expense)

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 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

Other Non-cash Income and Expense

Other Non-Cash Adjustments

Other Non-Cash Income and Expense

Change in Asset Retirement Obligations

Stock-based compensation

Change in Interest Payable