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Schedule I - Condensed Financial Information of Registrant (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed Statements of Operations | 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) |
Condensed Statements of Cash Flows | 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 |
Condensed Balance Sheets | 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 |

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