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Schedule I - Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule I - Condensed Financial Information of Registrant | SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT VISTRA CORP. (PARENT) SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT CONDENSED STATEMENTS OF OPERATIONS (Millions of Dollars)
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Depreciation and amortization | $ | (15) |  |  | $ | (16) |  |  | $ | (17) |
Selling, general and administrative expenses | (80) |  |  | (69) |  |  | (53) |
Operating loss | (95) |  |  | (85) |  |  | (70) |
Other income | 31 |  |  | 6 |  |  | 3 |
Impacts of Tax Receivable Agreement | (164) |  |  | (128) |  |  | 53 |
Loss before income tax benefit | (228) |  |  | (207) |  |  | (14) |
Income tax benefit | 58 |  |  | 47 |  |  | 4 |
Equity in earnings (losses) of subsidiaries, net of tax | 1,663 |  |  | (1,067) |  |  | (1,264) |
Net income (loss) | $ | 1,493 |  |  | $ | (1,227) |  |  | $ | (1,274) |
See Notes to the Condensed Financial Statements. VISTRA CORP. (PARENT) SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT CONDENSED STATEMENTS OF CASH FLOWS (Millions of Dollars)
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Cash flows — operating activities: |  |  |  |  |
Cash used in operating activities | $ | (31) |  |  | $ | (27) |  |  | $ | (38) |
Cash flows — investing activities: |  |  |  |  |
Capital expenditures | — |  |  | — |  |  | — |
Dividend received from subsidiaries | 1,625 |  |  | 1,775 |  |  | 405 |
Equity contribution to subsidiaries | — |  |  | — |  |  | (988) |
Cash provided by (used in) investing activities | 1,625 |  |  | 1,775 |  |  | (583) |
Cash flows — financing activities: |  |  |  |  |
Issuances of preferred stock | — |  |  | — |  |  | 2,000 |
Stock repurchases | (1,245) |  |  | (1,949) |  |  | (471) |
Dividends paid to common stockholders | (313) |  |  | (302) |  |  | (290) |
Dividends paid to preferred stockholders | (150) |  |  | (151) |  |  | — |
Other, net | 91 |  |  | 40 |  |  | (23) |
Cash provided by (used in) financing activities | (1,617) |  |  | (2,362) |  |  | 1,216 |
Net change in cash, cash equivalents and restricted cash | (23) |  |  | (614) |  |  | 595 |
Cash, cash equivalents and restricted cash — beginning balance | 54 |  |  | 668 |  |  | 73 |
Cash, cash equivalents and restricted cash — ending balance | $ | 31 |  |  | $ | 54 |  |  | $ | 668 |
See Notes to the Condensed Financial Statements. VISTRA CORP. (PARENT) SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT CONDENSED BALANCE SHEETS (Millions of Dollars)
| December 31,
| 2023 |  | 2022
ASSETS |  |  |
Cash and cash equivalents | $ | 31 |  |  | $ | 54 |
Trade accounts receivable — net | — |  |  | 11 |
Income taxes receivable | 6 |  |  | 27 |
Prepaid expense and other current assets | — |  |  | 1 |
Total current assets | 37 |  |  | 93 |
Investment in affiliated companies | 4,507 |  |  | 4,462 |
Property, plant and equipment — net | 3 |  |  | 3 |
Identifiable intangible assets — net | — |  |  | 15 |
Accumulated deferred income taxes | 1,086 |  |  | 1,019 |
Total assets | $ | 5,633 |  |  | $ | 5,592 |
LIABILITIES AND EQUITY |  |  |
Trade accounts payable | $ | 12 |  |  | $ | 3 |
Accounts payable —affiliates | 91 |  |  | 122 |
Accrued taxes | 12 |  |  | (1) |
Other current liabilities | 12 |  |  | 9 |
Total current liabilities | 127 |  |  | 133 |
Tax Receivable Agreement obligations | 164 |  |  | 514 |
Other noncurrent liabilities and deferred debits | 20 |  |  | 27 |
Total liabilities | 311 |  |  | 674 |
Total stockholders' equity | 5,322 |  |  | 4,918 |
Total liabilities and equity | $ | 5,633 |  |  | $ | 5,592 |
See Notes to the Condensed Financial Statements. NOTES TO CONDENSED FINANCIAL STATEMENTS 1.BASIS OF PRESENTATION The accompanying unconsolidated condensed balance sheets, statements of net loss and cash flows present results of operations and cash flows of Vistra Corp. (Parent). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to the rules of the SEC. Because the unconsolidated condensed financial statements do not include all of the information and footnotes required by U.S. GAAP, they should be read in conjunction with the financial statements and related notes of Vistra Corp. and Subsidiaries included in the annual report on Form 10-K for the year ended December 31, 2023. Vistra Corp.'s subsidiaries have been accounted for under the equity method. All dollar amounts in the financial statements and tables in the notes are stated in millions of U.S. dollars unless otherwise indicated. Vistra Corp. (Parent) files a consolidated U.S. federal income tax return. Consolidated tax expenses or benefits and deferred tax assets or liabilities have been allocated to the respective subsidiaries in accordance with the accounting rules that apply to separate financial statements of subsidiaries. 2.RESTRICTIONS ON SUBSIDIARIES The Vistra Operations Credit Agreement generally restricts the ability of Vistra Operations to make distributions to any direct or indirect parent unless such distributions are expressly permitted thereunder. As of December 31, 2023, Vistra Operations can distribute approximately $6.3 billion to Vistra Corp. (Parent) under the Vistra Operations Credit Agreement without the consent of any party. The amount that can be distributed by Vistra Operations to Parent was partially reduced by distributions made by Vistra Operations to Vistra Corp. (Parent) of approximately $1.625 billion, $1.775 billion and $405 million during the years ended December 31, 2023, 2022 and 2021, respectively. Additionally, Vistra Operations may make distributions to Vistra Corp. (Parent) in amounts sufficient for Vistra Corp. (Parent) to make any payments required under the TRA or the Tax Matters Agreement or, to the extent arising out of Vistra Corp. (Parent)'s ownership or operation of Vistra Operations, to pay any taxes or general operating or corporate overhead expenses. As of December 31, 2023, all of the restricted net assets of Vistra Operations may be distributed to Vistra Corp. (Parent). 3.GUARANTEES Vistra Corp. (Parent) has entered into contracts that contain guarantees to unaffiliated parties that could require performance or payment under certain conditions. As of December 31, 2023, there are no material outstanding claims related to guarantee obligations of Vistra Corp. (Parent), and Vistra Corp. (Parent) does not anticipate it will be required to make any material payments under these guarantees in the near term. 4.DIVIDEND RESTRICTIONS Under applicable law, Vistra Corp. (Parent) is prohibited from paying any dividend to the extent that immediately following payment of such dividend there would be no statutory surplus or Vistra Corp. (Parent) would be insolvent. Vistra Corp. (Parent) received $1.625 billion, $1.775 billion and $405 million in dividends from its consolidated subsidiaries in the years ended December 31, 2023, 2022 and 2021, respectively. In the year ended December 31, 2021, Vistra Corp. (Parent) made an equity contribution to Vistra Operations of $988 million.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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