Schedule I - Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2023

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)

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

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