← Filings of VST
Tables in the 10-Q of Vistra Corp.
96 tables with numbers, filed Nov 7, 2023. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “(Exact name of registrant as specified in its charter)”
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| Delaware | | 36-4833255 | | | |
| (State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) | | | |
| 6555 Sierra Drive, | Irving, | Texas | 75039 | (214) | 812-4600 |
| (Address of principal executive offices) (Zip Code) | | (Registrant's telephone number, including area code) | | | |
| | PAGE |
| GLOSSARY | | ii |
| PART I. | FINANCIAL INFORMATION | |
| Item 1. | Financial Statements (Unaudited) | |
| Condensed Consolidated Statements of Operations — Three and Nine Months Ended September 30, 2023 and 2022 | 1 |
| Condensed Consolidated Statements of Comprehensive Income (Loss) — Three and Nine Months Ended September 30, 2023 and 2022 | 1 |
| Condensed Consolidated Statements of Cash Flows — Nine Months Ended September 30, 2023 and 2022 | 2 |
| Condensed Consolidated Balance Sheets — September 30, 2023 and December 31, 2022 | 4 |
First 8 of 21 rows. The CSV has all of them.
Table 3 after “When the following terms and abbreviations appear in the text of this report, they have the meanings indicated below.”
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| 2022 Form 10-K | Vistra's annual report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 1, 2023 |
| Ambit | Ambit Holdings, LLC, and/or its subsidiaries (d/b/a Ambit), depending on context |
| ARO | asset retirement and mining reclamation obligation |
| CAISO | The California Independent System Operator |
| CARES Act | Coronavirus Aid, Relief, and Economic Security Act |
| CCGT | combined cycle gas turbine |
| CCR | coal combustion residuals |
| CFTC | U.S. Commodity Futures Trading Commission |
First 8 of 36 rows. The CSV has all of them.
| ISO | independent system operator |
| ISO-NE | ISO New England Inc. |
| LIBOR | London Interbank Offered Rate, an interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market |
| load | demand for electricity |
| LTSA | long-term service agreements for plant maintenance |
| Luminant | subsidiaries of Vistra engaged in competitive market activities consisting of electricity generation and wholesale energy sales and purchases as well as commodity risk management |
| market heat rate | Heat rate is a measure of the efficiency of converting a fuel source to electricity. Market heat rate is the implied relationship between wholesale electricity prices and natural gas prices and is calculated by dividing the wholesale market price of electricity, which is based on the price offer of the marginal supplier (generally natural gas plants), by the market price of natural gas. |
| Merger Sub | Black Pen Inc., an indirect, wholly owned subsidiary of Vistra |
First 8 of 34 rows. The CSV has all of them.
| SOFR | Secured Overnight Financing Rate, the average rate at which institutions can borrow U.S. dollars overnight while posting U.S. Treasury bonds as collateral |
| Tax Matters Agreement | Tax Matters Agreement, dated as of the Effective Date, by and among EFH Corp., Energy Future Intermediate Holding Company LLC, EFIH Finance Inc. and EFH Merger Co. LLC |
| TCEH | Texas Competitive Electric Holdings Company LLC, a direct, wholly owned subsidiary of Energy Future Competitive Holdings Company LLC, and, prior to the Effective Date, the parent company of our predecessor, depending on context, that were engaged in electricity generation and wholesale and retail energy market activities, and whose major subsidiaries included Luminant and TXU Energy |
| TCEQ | Texas Commission on Environmental Quality |
| TRA | Tax Receivable Agreement, containing certain rights (TRA Rights) to receive payments from Vistra related to certain tax benefits, including benefits realized as a result of certain transactions entered into at Emergence (see Note 8 to the Financial Statements) |
| TRE | Texas Reliability Entity, Inc., an independent organization that develops reliability standards for the ERCOT region and monitors and enforces compliance with NERC standards and monitors compliance with ERCOT protocols |
| TriEagle Energy | TriEagle Energy, LP (d/b/a TriEagle Energy, TriEagle Energy Services, Eagle Energy, Energy Rewards, Power House Energy and Viridian Energy), an indirect, wholly owned subsidiary of Vistra, a REP in certain areas of ERCOT and PJM that is engaged in the retail sale of electricity to residential and business customers |
| TXU Energy | TXU Energy Retail Company LLC (d/b/a TXU), an indirect, wholly owned subsidiary of Vistra that is a REP in competitive areas of ERCOT and is engaged in the retail sale of electricity to residential and business customers |
First 8 of 18 rows. The CSV has all of them.
Table 6 after “(Unaudited) (Millions of Dollars, Except Per Share Amounts)”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Operating revenues (Note 5) | $4,086 | | $5,146 | | $11,701 | $9,859 |
| Fuel, purchased power costs and delivery fees | (2,109) | | (3,139) | | (5,754) | (7,580) |
| Operating costs | (411) | | (400) | | (1,277) | (1,250) |
| Depreciation and amortization | (375) | | (390) | | (1,109) | (1,214) |
| Selling, general and administrative expenses | (357) | | (323) | | (953) | (894) |
| Impairment of long-lived assets (Note 19) | — | | — | | (49) | — |
First 8 of 26 rows. The CSV has all of them.
Table 7 after “(Unaudited) (Millions of Dollars)”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Net income (loss) | $502 | | $678 | | $1,676 | $(962) |
| Other comprehensive income (loss), net of tax effects: | | | | | | |
| Effects related to pension and other retirement benefit obligations (net of tax expense (benefit) of $—, $2, $1 and $2) | (2) | | 6 | | 3 | 6 |
| Total other comprehensive income (loss) | (2) | | 6 | | 3 | 6 |
| Comprehensive income (loss) | $500 | | $684 | | $1,679 | $(956) |
| Comprehensive (income) loss attributable to noncontrolling interest | — | | (10) | | 1 | (19) |
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| VISTRA CORP. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Millions of Dollars) | | | |
| Nine Months Ended September 30, | | |
| 2023 | 2022 | |
| Cash flows — operating activities: | | | |
| Net income (loss) | $1,676 | | $(962) |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | | | |
| Depreciation and amortization | 1,442 | | 1,575 |
| Deferred income tax expense (benefit), net | 437 | | (298) |
First 8 of 48 rows. The CSV has all of them.
| VISTRA CORP. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Millions of Dollars) | | | |
| Nine Months Ended September 30, | | |
| 2023 | 2022 | |
| Cash (used in) provided by financing activities | (490) | | 3 |
| Net change in cash, cash equivalents and restricted cash | 2,700 | | (791) |
| Cash, cash equivalents and restricted cash — beginning balance | 525 | | 1,359 |
| Cash, cash equivalents and restricted cash — ending balance | $3,225 | | $568 |
| VISTRA CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Millions of Dollars) | | | |
| September 30, 2023 | December 31, 2022 | |
| ASSETS | | | |
| Current assets: | | | |
| Cash and cash equivalents | $3,170 | | $455 |
| Restricted cash (Note 19) | 40 | | 37 |
| Trade accounts receivable — net (Note 19) | 2,017 | | 2,059 |
| Income taxes receivable | 12 | | 27 |
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| VISTRA CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Millions of Dollars) | | | |
| September 30, 2023 | December 31, 2022 | |
| Other noncurrent liabilities and deferred credits (Note 19) | 867 | | 1,004 |
| Total liabilities | 26,424 | | 27,869 |
| Commitments and Contingencies (Note 13) | | | |
| Total equity (Note 14): | | | |
| Preferred stock, number of shares authorized — 100,000,000; Series A (liquidation preference — $1,000; shares outstanding: September 30, 2023 and December 31, 2022— 1,000,000); Series B (liquidation preference — $1,000; shares outstanding: September 30, 2023 and December 31, 2022 — 1,000,000) | 2,000 | | 2,000 |
| Common stock (par value — $0.01; number of shares authorized — 1,800,000,000)(shares outstanding: September 30, 2023 — 362,113,659; December 31, 2022 — 389,754,870) | 5 | | 5 |
First 8 of 16 rows. The CSV has all of them.
Table 12 after “Operational results for plants with defined retirement dates are included in our Sunset segment beginning in the quarter when a retirement p”
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| Facility | Location | ISO/RTO | Fuel Type | Net Generation Capacity (MW) | Actual or Expected Retirement Date (a)(b) | Segment |
| Baldwin | Baldwin, IL | MISO | Coal | 1,185 | By the end of 2025 | Sunset |
| Coleto Creek | Goliad, TX | ERCOT | Coal | 650 | By the end of 2027 | Sunset |
| Edwards | Bartonville, IL | MISO | Coal | 585 | Retired January 1, 2023 | Asset Closure |
| Joppa | Joppa, IL | MISO | Coal | 802 | Retired September 1, 2022 | Asset Closure |
| Joppa | Joppa, IL | MISO | Natural Gas | 221 | Retired September 1, 2022 | Asset Closure |
| Kincaid | Kincaid, IL | PJM | Coal | 1,108 | By the end of 2027 | Sunset |
| Miami Fort | North Bend, OH | PJM | Coal | 1,020 | By the end of 2027 | Sunset |
First 8 of 11 rows. The CSV has all of them.
| Three Months Ended September 30, 2023 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations | Consolidated | | | |
| Revenue from contracts with customers: | | | | | | | | | | | | | |
| Retail energy charge in ERCOT | $2,667 | | $— | | $— | | $— | | $— | | $— | $— | $2,667 |
| Retail energy charge in Northeast/Midwest | 464 | | — | | — | | — | | — | | — | — | 464 |
| Wholesale generation revenue from ISO/RTO | — | | 697 | | 354 | | 79 | | 159 | | — | — | 1,289 |
| Capacity revenue from ISO/RTO (a) | — | | — | | 12 | | — | | 8 | | — | — | 20 |
| Revenue from other wholesale contracts | — | | 202 | | 75 | | 50 | | 22 | | — | — | 349 |
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| Three Months Ended September 30, 2022 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations | Consolidated | | | |
| Revenue from contracts with customers: | | | | | | | | | | | | | |
| Retail energy charge in ERCOT | $2,186 | | $— | | $— | | $— | | $— | | $— | $— | $2,186 |
| Retail energy charge in Northeast/Midwest | 491 | | — | | — | | — | | — | | — | — | 491 |
| Wholesale generation revenue from ISO/RTO | — | | 669 | | 329 | | 157 | | 330 | | 129 | — | 1,614 |
| Capacity revenue from ISO/RTO (a) | — | | — | | 14 | | — | | — | | — | — | 14 |
| Revenue from other wholesale contracts | — | | 127 | | 328 | | 40 | | 38 | | — | — | 533 |
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| Nine Months Ended September 30, 2023 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations | Consolidated | | | |
| Revenue from contracts with customers: | | | | | | | | | | | | | |
| Retail energy charge in ERCOT | $6,079 | | $— | | $— | | $— | | $— | | $— | $— | $6,079 |
| Retail energy charge in Northeast/Midwest | 1,242 | | — | | — | | — | | — | | — | — | 1,242 |
| Wholesale generation revenue from ISO/RTO | — | | 929 | | 756 | | 316 | | 279 | | — | — | 2,280 |
| Capacity revenue from ISO/RTO (a) | — | | — | | 42 | | — | | 35 | | — | — | 77 |
| Revenue from other wholesale contracts | — | | 411 | | 584 | | 128 | | 123 | | — | — | 1,246 |
First 8 of 16 rows. The CSV has all of them.
| Nine Months Ended September 30, 2022 | | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | | Eliminations | | Consolidated | | |
| Revenue from contracts with customers: | | | | | | | | | | | | | | |
| Retail energy charge in ERCOT | $5,349 | | $— | | $— | | $— | | $— | | $— | | $— | $5,349 |
| Retail energy charge in Northeast/Midwest | 1,673 | | — | | — | | — | | — | | — | | — | 1,673 |
| Wholesale generation revenue from ISO/RTO | — | | 761 | | 901 | | 268 | | 645 | | 522 | | — | 3,097 |
| Capacity revenue from ISO/RTO (a) | — | | — | | 4 | | — | | 56 | | 27 | | — | 87 |
| Revenue from other wholesale contracts | — | | 392 | | 773 | | 114 | | 118 | | 22 | | — | 1,419 |
First 8 of 15 rows. The CSV has all of them.
Table 17 after “The following table presents trade accounts receivable (net of allowance for uncollectible accounts) relating to both contracts with custome”
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| September 30, 2023 | December 31, 2022 | |
| Trade accounts receivable from contracts with customers — net | $1,590 | | $1,644 |
| Other trade accounts receivable — net | 427 | | 415 |
| Total trade accounts receivable — net | $2,017 | | $2,059 |
Table 18 after “Identifiable intangible assets are comprised of the following:”
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| September 30, 2023 | December 31, 2022 | | | | | | | | | |
| Identifiable Intangible Asset | GrossCarryingAmount | Accumulated Amortization | | Net | GrossCarryingAmount | Accumulated Amortization | | Net | | | |
| Retail customer relationships | $2,088 | | $1,842 | | $246 | | $2,088 | | | $1,768 | $320 |
| Software and other technology-related assets | 524 | | 301 | | 223 | | 475 | | | 258 | 217 |
| Retail and wholesale contracts | 233 | | 215 | | 18 | | 233 | | | 209 | 24 |
| LTSA | 18 | | 5 | | 13 | | 18 | | | 4 | 14 |
| Other identifiable intangible assets (a) | 52 | | 10 | | 42 | | 50 | | | 8 | 42 |
| Total identifiable intangible assets subject to amortization | $2,915 | | $2,373 | | 542 | | $2,864 | | | $2,247 | 617 |
First 8 of 10 rows. The CSV has all of them.
Table 19 after “Identifiable intangible liabilities are comprised of the following:”
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| Identifiable Intangible Liability | September 30, 2023 | December 31, 2022 | |
| LTSA | $122 | | $128 |
| Fuel and transportation purchase contracts | 9 | | 9 |
| Other identifiable intangible liabilities | 1 | | 3 |
| Total identifiable intangible liabilities | $132 | | $140 |
Table 20 after “Expense related to finite-lived identifiable intangible assets (including the classification in the condensed consolidated statements of ope”
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| Identifiable Intangible Assets | | Condensed Consolidated Statements of Operations | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | | |
| 2023 | | 2022 | | 2023 | | 2022 | | | |
| Retail customer relationships | | Depreciation and amortization | $25 | | | $34 | | $74 | | $102 |
| Software and other technology-related assets | | Depreciation and amortization | 15 | | | 17 | | 44 | | 53 |
| Retail and wholesale contracts | | Operating revenues/fuel, purchased power costs and delivery fees | — | | | (1) | | 6 | | 4 |
| Other identifiable intangible assets | | Fuel, purchased power costs and delivery fees | 99 | | | 109 | | 261 | | 296 |
| Total identifiable intangible assets expense (a) | $139 | | | $159 | | | $385 | | $455 | |
Table 21 after “As of September 30, 2023, the estimated aggregate amortization expense of identifiable intangible assets for each of the next five fiscal ye”
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| Year | Estimated Amortization Expense |
| 2023 | $161 |
| 2024 | $114 |
| 2025 | $87 |
| 2026 | $62 |
| 2027 | $39 |
Table 22 after “The calculation of our effective tax rate is as follows:”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Net income (loss) before income taxes | $671 | | $914 | | $2,146 | $(1,224) |
| Income tax (expense) benefit | $(169) | | $(236) | | $(470) | $262 |
| Effective tax rate | 25.2% | | 25.8% | | 21.9% | 21.4% |
Table 23 after “The following table summarizes the changes to the TRA obligation, reported as other current liabilities and Tax Receivable Agreement obligat”
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| Nine Months Ended September 30, | | |
| 2023 | 2022 | |
| TRA obligation at the beginning of the period | $522 | | $395 |
| Accretion expense | 62 | | 50 |
| Changes in tax assumptions impacting timing of payments (a) | 66 | | (21) |
| Impacts of Tax Receivable Agreement | 128 | | 29 |
| TRA obligation at the end of the period | 650 | | 424 |
| Less amounts due currently | (10) | | (1) |
First 8 of 9 rows. The CSV has all of them.
Table 24 after “Basic earnings per share available to common stockholders are based on the weighted average number of common shares outstanding during the p”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Net income (loss) attributable to Vistra | $502 | | $668 | | $1,677 | $(981) |
| Less cumulative dividends attributable to Series A Preferred Stock | (20) | | (20) | | (60) | (60) |
| Less cumulative dividends attributable to Series B Preferred Stock | (17) | | (17) | | (52) | (52) |
| Net income (loss) attributable to common stock — basic | 465 | | 631 | | 1,565 | (1,093) |
| Weighted average shares of common stock outstanding — basic | 366,570,040 | | 413,762,896 | | 374,323,466 | 431,381,151 |
| Net income (loss) per weighted average share of common stock outstanding — basic | $1.27 | | $1.53 | | $4.18 | $(2.53) |
First 8 of 11 rows. The CSV has all of them.
Table 25 after “Amounts in the table below represent the categories of long-term debt obligations, including amounts due currently, incurred by the Company.”
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| September 30, 2023 | December 31, 2022 | |
| Vistra Operations Credit Facilities | $2,493 | | $2,514 |
| Vistra Operations Senior Secured Notes: | | | |
| 4.875% Senior Secured Notes, due May 13, 2024 | 400 | | 400 |
| 3.550% Senior Secured Notes, due July 15, 2024 | 1,500 | | 1,500 |
| 5.125% Senior Secured Notes, due May 13, 2025 | 1,100 | | 1,100 |
| 3.700% Senior Secured Notes, due January 30, 2027 | 800 | | 800 |
| 4.300% Senior Secured Notes, due July 15, 2029 | 800 | | 800 |
First 8 of 24 rows. The CSV has all of them.
Table 26 after “Our credit facilities and related available capacity as of September 30, 2023 are presented below.”
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| | September 30, 2023 | | | | | |
| Credit Facilities | Maturity Date | Facility Limit | Cash Borrowings | | Letters of Credit Outstanding | Available Capacity | |
| Extended Revolving Credit Facility (a) | April 29, 2027 | $3,175 | | $— | | $2,326 | $849 |
| Term Loan B-3 Facility (b) | December 31, 2025 | 2,493 | | 2,493 | | — | — |
| Total Vistra Operations Credit Facilities | | $5,668 | | $2,493 | | $2,326 | $849 |
| Commodity-Linked Facility (c) | October 4, 2023 | $1,350 | | $— | | $— | $401 |
| Total Credit Facilities | | $7,018 | | $2,493 | | $2,326 | $1,250 |
Table 27 after “%. The February 2024 and July 2026 swaps were amended in the second quarter of 2023 to reflect the conversion of LIBOR to SOFR.”
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| Notional Amount | Expiration Date | Rate Range | | |
| Swapped to fixed | $720 | February 2024 | 3.60% | - | 3.63% |
| Swapped to variable | $720 | February 2024 | 3.08% | - | 3.11% |
| Swapped to fixed | $3,000 | July 2026 | 4.64% | - | 4.72% |
| Swapped to variable | $700 | July 2026 | 3.19% | - | 3.24% |
| Swapped to fixed (a) | $750 | December 2030 | 4.91% | - | 4.92% |
Table 28 after “Long-term debt maturities as of September 30, 2023 are as follows:”
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| September 30, 2023 |
| Remainder of 2023 | $19 |
| 2024 | 1,940 |
| 2025 | 3,567 |
| 2026 | 1,005 |
| 2027 | 3,402 |
| Thereafter | 3,839 |
| Unamortized premiums, discounts and debt issuance costs | (79) |
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| $4.25 Billion Board Authorization | | | | | |
| Total Number of Shares Repurchased | Average Price Paid Per Share | Amount Paid for Shares Repurchased | | Amount Available for Additional Repurchases at the End of the Period | |
| Three Months Ended March 31, 2023 | 13,308,465 | $23.11 | | $308 | | |
| Three Months Ended June 30, 2023 | 10,144,891 | 24.39 | | 247 | | |
| Three Months Ended September 30, 2023 | 10,550,307 | 30.36 | | 320 | | |
| Nine Months Ended September 30, 2023 (a) | 34,003,663 | $25.74 | | $875 | | $1,130 |
| October 1, 2023 through November 2, 2023 | 4,547,264 | 32.27 | | 147 | | |
| January 1, 2023 through November 2, 2023 | 38,550,927 | $26.51 | | $1,022 | | $983 |
Table 30 after “— In November 2018, Vistra announced the Board adopted a dividend program which we initiated in the first quarter of 2019. Each dividend und”
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| Nine Months Ended September 30, 2023 | Year Ended December 31, 2022 | | | | | | | |
| Board Declaration Date | Payment Date | Per Share Amount | Board Declaration Date | | Payment Date | | Per Share Amount | |
| February 2023 | March 2023 | $0.1975 | | February 2022 | | March 2022 | | $0.170 |
| May 2023 | June 2023 | $0.204 | | May 2022 | | June 2022 | | $0.177 |
| August 2023 | September 2023 | $0.206 | | July 2022 | | September 2022 | | $0.184 |
| | | October 2022 | | December 2022 | | $0.193 | |
Table 31 after “Semiannual dividends paid per share of each respective preferred stock series in 2023 and 2022 are reflected in the table below. Dividends p”
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| Series A Preferred Stock | Series B Preferred Stock | | | | | | | |
| Board Declaration Date | Payment Date | Per Share Amount | Board Declaration Date | | Payment Date | | Per Share Amount | |
| February 2022 | April 2022 | $40.00 | | May 2022 | | June 2022 | | $35.97 |
| July 2022 | October 2022 | $40.00 | | October 2022 | | December 2022 | | $35.00 |
| February 2023 | April 2023 | $40.00 | | May 2023 | | June 2023 | | $35.00 |
| August 2023 | October 2023 | $40.00 | | | | | | |
Table 32 after “The following table presents the changes to equity for the three months ended September 30, 2023:”
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| Preferred Stock | Common Stock (a) | | Treasury Stock | | Additional Paid-in Capital | Retained Earnings (Deficit) | | Accumulated Other Comprehensive Income (Loss) | | Total Stockholders' Equity | Noncontrolling Interest in Subsidiary | | Total Equity | | | | | | |
| Balance as of June 30, 2023 | $2,000 | | $5 | | | $(3,955) | | $9,993 | | | $(2,696) | | $12 | | | $5,359 | | $15 | | $5,374 |
| Stock repurchases | — | | — | | | (323) | | — | | | — | | — | | | (323) | | — | | (323) |
| Dividends declared on common stock | — | | — | | | — | | — | | | (75) | | — | | | (75) | | — | | (75) |
| Dividends declared on preferred stock | — | | — | | | — | | — | | | (37) | | — | | | (37) | | — | | (37) |
| Effects of stock-based incentive compensation plans | — | | — | | | — | | 81 | | | — | | — | | | 81 | | — | | 81 |
| Net income | — | | — | | | — | | — | | | 502 | | — | | | 502 | | — | | 502 |
| Change in accumulated other comprehensive loss | | — | | | — | | — | | | — | | (2) | | | (2) | | — | | (2) | |
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Table 33 after “The following table presents the changes to equity for the nine months ended September 30, 2023:”
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| Preferred Stock (a) | Common Stock (b) | | Treasury Stock | Additional Paid-in Capital | Retained Earnings (Deficit) | | Accumulated Other Comprehensive Income (Loss) | Total Stockholders' Equity | Noncontrolling Interest in Subsidiary | | Total Equity | | | |
| Balance as of December 31, 2022 | $2,000 | | $5 | | $(3,395) | | $9,928 | | $(3,643) | | $7 | | $4,902 | $16 | $4,918 |
| Stock repurchases | — | | — | | (883) | | — | | — | | — | | (883) | — | (883) |
| Dividends declared on common stock | — | | — | | — | | — | | (228) | | — | | (228) | — | (228) |
| Dividends declared on preferred stock | — | | — | | — | | — | | (112) | | — | | (112) | — | (112) |
| Effects of stock-based incentive compensation plans | — | | — | | — | | 147 | | — | | — | | 147 | — | 147 |
| Net income (loss) | — | | — | | — | | — | | 1,677 | | — | | 1,677 | (1) | 1,676 |
| Change in accumulated other comprehensive income | — | | — | | — | | — | | — | | 3 | | 3 | — | 3 |
First 8 of 10 rows. The CSV has all of them.
Table 34 after “The following table presents the changes to equity for the three months ended September 30, 2022:”
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| Preferred Stock (a) | Common Stock (b) | | Treasury Stock | Additional Paid-in Capital | Retained Earnings (Deficit) | | Accumulated Other Comprehensive Income (Loss) | Total Stockholders' Equity | Noncontrolling Interest | | Total Equity | | | |
| Balance as of June 30, 2022 | $2,000 | | $5 | | $(2,645) | | $9,890 | | $(3,842) | | $(16) | | $5,392 | $11 | $5,403 |
| Stock repurchases | — | | — | | (407) | | — | | — | | — | | (407) | — | (407) |
| Dividends declared on common stock | — | | — | | — | | — | | (75) | | — | | (75) | — | (75) |
| Dividends declared on preferred stock | — | | — | | — | | — | | (37) | | — | | (37) | — | (37) |
| Effects of stock-based incentive compensation plans | — | | — | | — | | 29 | | — | | — | | 29 | — | 29 |
| Net income | — | | — | | — | | — | | 668 | | — | | 668 | 10 | 678 |
| Change in accumulated other comprehensive income | — | | — | | — | | — | | — | | 6 | | 6 | — | 6 |
First 8 of 10 rows. The CSV has all of them.
Table 35 after “The following table presents the changes to equity for the nine months ended September 30, 2022:”
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| Preferred Stock (a) | Common Stock (b) | | Treasury Stock | Additional Paid-in Capital | Retained Earnings (Deficit) | | Accumulated Other Comprehensive Income (Loss) | Total Stockholders' Equity | Noncontrolling Interest in Subsidiary | | Total Equity | | | | | | |
| Balance as of December 31, 2021 | $2,000 | | $5 | | $(1,558) | | $9,824 | | $(1,964) | | $(16) | | | $8,291 | | $1 | | $8,292 |
| Stock repurchases | — | | — | | (1,493) | | — | | — | | — | | | (1,493) | | — | | (1,493) |
| Dividends declared on common stock | — | | — | | — | | — | | (227) | | — | | | (227) | | — | | (227) |
| Dividends declared on preferred stock | — | | — | | — | | — | | (113) | | — | | | (113) | | — | | (113) |
| Effects of stock-based incentive compensation plans | — | | — | | — | | 87 | | | — | | | 87 | | — | | 87 | |
| Net income (loss) | — | | — | | — | | — | | (981) | | — | | | (981) | | 19 | | (962) |
| Change in accumulated other comprehensive income | — | | — | | — | | — | | — | | 6 | | | 6 | | — | | 6 |
First 8 of 10 rows. The CSV has all of them.
Table 36 after “Assets and liabilities measured at fair value on a recurring basis consisted of the following at the respective balance sheet dates shown be”
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| September 30, 2023 | December 31, 2022 | | | | | | | | | | | | | | | | | | | | |
| Level 1 | Level 2 | | Level 3 (a) | Reclass (b) | Total | | Level 1 | | Level 2 | Level 3 (a) | | Reclass (b) | | Total | | | | | | | |
| Assets: | | | | | | | | | | | | | | | | | | | | | | |
| Commodity contracts | $2,336 | | $519 | | $723 | | $88 | | | $3,666 | | $3,512 | | | $789 | | | $791 | $13 | | | $5,105 |
| Interest rate swaps | — | | 185 | | — | | — | | | 185 | | — | | | 135 | | | — | — | | | 135 |
| Nuclear decommissioning trust – equity securities (c) | 572 | | — | | — | | — | | | 572 | | 532 | | | — | | | — | | | 532 | |
| Nuclear decommissioning trust – debt securities (c) | — | | 681 | | — | | | | 681 | | — | | | 658 | | | — | | | 658 | | |
| Sub-total | $2,908 | | $1,385 | | $723 | | $88 | | | 5,104 | | $4,044 | | | $1,582 | | | $791 | $13 | | | 6,430 |
First 8 of 15 rows. The CSV has all of them.
Table 37 after “The following tables present the fair value of the Level 3 assets and liabilities by major contract type and the significant unobservable in”
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| September 30, 2023 | | | | | | | | | | | | | | | |
| Fair Value | | | | | | | | | | | | | | |
| Contract Type (a) | Assets | Liabilities | | Total | Valuation Technique | | Significant Unobservable Input | | Range (b) | | Average (b) | | | | |
| Electricity purchases and sales | $535 | | $(1,442) | | $(907) | | | Income Approach | | Hourly price curve shape (c) | | $— | to | $85 | $42 |
| | | | | | MWh | | | | | | | | | |
| | | | | | | Illiquid delivery periods for hub power prices and heat rates (d) | | $30 | | to | $100 | $66 | | |
| | | | | | | | MWh | | | | | | | |
| Options | — | | (412) | | (412) | | | Option Pricing Model | | Gas to power correlation (e) | | 10% | to | 100% | 55% |
First 8 of 15 rows. The CSV has all of them.
Table 38 after “The following tables present the fair value of the Level 3 assets and liabilities by major contract type and the significant unobservable in”
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| December 31, 2022 | | | | | | | | | | | | | | | |
| Fair Value | | | | | | | | | | | | | | |
| Contract Type (a) | Assets | Liabilities | | Total | Valuation Technique | | Significant Unobservable Input | | Range (b) | | Average (b) | | | | |
| Electricity purchases and sales | $603 | | $(1,332) | | $(729) | | | Income Approach | | Hourly price curve shape (c) | | $— | to | $80 | $38 |
| | | | | | MWh | | | | | | | | | |
| | | | | | | Illiquid delivery periods for hub power prices and heat rates (d) | | $25 | | to | $95 | $60 | | |
| | | | | | | | MWh | | | | | | | |
| Options | — | | (483) | | (483) | | | Option Pricing Model | | Gas to power correlation (e) | | 10% | to | 100% | 56% |
First 8 of 15 rows. The CSV has all of them.
Table 39 after “The following table presents the changes in fair value of the Level 3 assets and liabilities for the three and nine months ended September 3”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Net liability balance at beginning of period | $(1,120) | | $(1,015) | | $(1,219) | $(360) |
| Total unrealized valuation gains (losses) | (548) | | (235) | | (498) | (1,256) |
| Purchases, issuances and settlements (a): | | | | | | |
| Purchases | 53 | | 44 | | 153 | 139 |
| Issuances | (6) | | (6) | | (19) | (48) |
| Settlements | 158 | | 257 | | 120 | 431 |
First 8 of 13 rows. The CSV has all of them.
Table 40 after “Substantially all derivative contractual assets and liabilities are accounted for under mark-to-market accounting consistent with accounting”
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| September 30, 2023 | | | | | | | |
| Derivative Assets | Derivative Liabilities | | | | | | |
| Commodity Contracts | Interest Rate Swaps | | Commodity Contracts | Interest Rate Swaps | Total | | |
| Current assets | $3,013 | | $89 | | $6 | | $— | $3,108 |
| Noncurrent assets | 583 | | 96 | | 64 | | — | 743 |
| Current liabilities | (7) | | — | | (4,516) | | (37) | (4,560) |
| Noncurrent liabilities | (11) | | — | | (1,533) | | (32) | (1,576) |
| Net assets (liabilities) | $3,578 | | $185 | | $(5,979) | | $(69) | $(2,285) |
Table 41 after “Substantially all derivative contractual assets and liabilities are accounted for under mark-to-market accounting consistent with accounting”
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| December 31, 2022 | | | | | | | |
| Derivative Assets | Derivative Liabilities | | | | | | |
| Commodity Contracts | Interest Rate Swaps | | Commodity Contracts | Interest Rate Swaps | Total | | |
| Current assets | $4,442 | | $92 | | $4 | | $— | $4,538 |
| Noncurrent assets | 656 | | 43 | | 3 | | — | 702 |
| Current liabilities | (1) | | — | | (6,562) | | (47) | (6,610) |
| Noncurrent liabilities | (5) | | — | | (1,685) | | (36) | (1,726) |
| Net assets (liabilities) | $5,092 | | $135 | | $(8,240) | | $(83) | $(3,096) |
Table 42 after “The following table presents the pre-tax effect of derivative gains (losses) on net income, including realized and unrealized effects. Amoun”
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| Derivative (condensed consolidated statements of operations presentation) | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2023 | | 2022 | | 2023 | 2022 | | |
| Commodity contracts (Operating revenues) | $(1,118) | | | $(658) | | $(450) | $(3,665) |
| Commodity contracts (Fuel, purchased power costs and delivery fees) | 48 | | | 131 | | (280) | 472 |
| Interest rate swaps (Interest expense and related charges) | 51 | | | 89 | | 101 | 238 |
| Net loss | $(1,019) | | | $(438) | | $(629) | $(2,955) |
Table 43 after “The following tables reconcile our derivative assets and liabilities on a contract basis to net amounts after taking into consideration nett”
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| September 30, 2023 | December 31, 2022 | | | | | | | | | | | |
| Derivative Assets and Liabilities | Offsetting Instruments (a) | | Cash Collateral (Received) Pledged (b) | Net Amounts | Derivative Assets and Liabilities | | Offsetting Instruments (a) | Cash Collateral (Received) Pledged (b) | Net Amounts | | | |
| Derivative assets: | | | | | | | | | | | | | |
| Commodity contracts | $3,578 | | $(3,057) | | $(18) | | $503 | | $5,092 | | $(4,480) | $(20) | $592 |
| Interest rate swaps | 185 | | (64) | | — | | 121 | | 135 | | (64) | — | 71 |
| Total derivative assets | 3,763 | | (3,121) | | (18) | | 624 | | 5,227 | | (4,544) | (20) | 663 |
| Derivative liabilities: | | | | | | | | | | | | | |
| Commodity contracts | (5,979) | | 3,057 | | 641 | | (2,281) | | (8,240) | | 4,480 | 1,675 | (2,085) |
First 8 of 11 rows. The CSV has all of them.
Table 44 after “The following table presents the gross notional amounts of derivative volumes as of September 30, 2023 and December 31, 2022:”
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| September 30, 2023 | December 31, 2022 | | |
| Derivative type | Notional Volume | Unit of Measure | | |
| Natural gas (a) | 5,917 | | 6,007 | Million MMBtu |
| Electricity | 807,036 | | 754,762 | GWh |
| Financial transmission rights (b) | 245,878 | | 225,845 | GWh |
| Coal | 40 | | 48 | Million U.S. tons |
| Fuel oil | 52 | | 105 | Million gallons |
| Emissions | 61 | | 40 | Million tons |
First 8 of 11 rows. The CSV has all of them.
Table 45 after “The following table presents the commodity derivative liabilities subject to credit risk-related contingent features that are not fully coll”
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| September 30, 2023 | December 31, 2022 | |
| Fair value of derivative contract liabilities (a) | $(1,852) | | $(1,934) |
| Offsetting fair value under netting arrangements (b) | 794 | | 899 |
| Cash collateral and letters of credit | 779 | | 253 |
| Liquidity exposure | $(279) | | $(782) |
| Three Months Ended | Retail | Texas | | East | West | Sunset | | Asset Closure | Corporate and Other (b) | Eliminations | | Consolidated | | | |
| Operating revenues (a): | | | | | | | | | | | | | | | |
| September 30, 2023 | $3,383 | | $1,517 | | $651 | | $344 | | $224 | | $— | | $1 | $(2,034) | $4,086 |
| September 30, 2022 | 3,258 | | 3,627 | | 1,126 | | 236 | | 253 | | 95 | | 1 | (3,450) | 5,146 |
| Depreciation and amortization: | | | | | | | | | | | | | | | |
| September 30, 2023 | $(26) | | $(132) | | $(161) | | $(22) | | $(16) | | $— | | $(18) | $— | $(375) |
| September 30, 2022 | (36) | | (135) | | (187) | | 4 | | (17) | | (1) | | (18) | — | (390) |
| Operating income (loss): | | | | | | | | | | | | | | | |
First 8 of 29 rows. The CSV has all of them.
Table 47 after “The following unrealized net gains (losses) from mark-to-market valuations of commodity positions are included in operating revenues:”
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| Three Months Ended | Retail | Texas | | East | West | Sunset | | Asset Closure | Corporate and Other | Eliminations (1) | | Consolidated | | | |
| September 30, 2023 | $(70) | | $(380) | | $(128) | | $176 | | $(118) | | $8 | | $— | $167 | $(345) |
| September 30, 2022 | 225 | | 1,485 | | (103) | | 56 | | 43 | | 68 | | — | (1,428) | $346 |
| Nine Months Ended | Retail | Texas | | East | West | Sunset | | Asset Closure | Corporate and Other | Eliminations (1) | | Consolidated | | | |
| September 30, 2023 | $95 | | $(686) | | $1,017 | | $293 | | $462 | | $32 | | $— | $(193) | $1,020 |
| September 30, 2022 | (812) | | (2,139) | | (951) | | (23) | | (601) | | 16 | | — | 2,409 | $(2,101) |
Table 48 after “Interest Expense and Related Charges”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Interest paid/accrued | $161 | | $156 | | $474 | $429 |
| Unrealized mark-to-market net gains on interest rate swaps | (43) | | (90) | | (65) | (261) |
| Amortization of debt issuance costs, discounts and premiums | 7 | | 7 | | 19 | 20 |
| Debt extinguishment gain | — | | (1) | | — | (1) |
| Capitalized interest | (7) | | (8) | | (28) | (22) |
| Other (a) | 25 | | 7 | | 50 | 21 |
First 8 of 9 rows. The CSV has all of them.
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Other income: | | | | | | |
| Insurance settlements (a) | $12 | | $— | | $21 | $63 |
| Gain on sale of land (b) | 1 | | 3 | | 95 | 8 |
| Interest income | 16 | | 2 | | 42 | 4 |
| All other | 3 | | 5 | | 16 | 13 |
| Total other income | $32 | | $10 | | $174 | $88 |
First 8 of 11 rows. The CSV has all of them.
| September 30, 2023 | December 31, 2022 | | | | |
| Current Assets | Noncurrent Assets | | Current Assets | Noncurrent Assets | |
| Amounts related to remediation escrow accounts | $40 | | $15 | | $37 | $33 |
| Total restricted cash | $40 | | $15 | | $37 | $33 |
| September 30, 2023 | December 31, 2022 | |
| Wholesale and retail trade accounts receivable | $2,103 | | $2,124 |
| Allowance for uncollectible accounts | (86) | | (65) |
| Trade accounts receivable — net | $2,017 | | $2,059 |
Table 52 after “Allowance for Uncollectible Accounts Receivable”
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| Nine Months Ended September 30, | | | |
| | 2023 | 2022 | |
| Allowance for uncollectible accounts receivable at beginning of period | | $65 | | $45 |
| Increase for bad debt expense | | 131 | | 136 |
| Decrease for account write-offs | | (110) | | (90) |
| Allowance for uncollectible accounts receivable at end of period | | $86 | | $91 |
| September 30, 2023 | December 31, 2022 | |
| Materials and supplies | $286 | | $274 |
| Fuel stock | 367 | | 252 |
| Natural gas in storage | 32 | | 44 |
| Total inventories | $685 | | $570 |
| September 30, 2023 | December 31, 2022 | |
| Nuclear decommissioning trust | $1,772 | | $1,648 |
| Assets related to employee benefit plans | 30 | | 30 |
| Land | 41 | | 41 |
| Miscellaneous other | 14 | | 10 |
| Total investments | $1,857 | | $1,729 |
Table 55 after “A summary of the fair market value of investments in the fund follows:”
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| September 30, 2023 | December 31, 2022 | |
| Debt securities (a) | $681 | | $658 |
| Equity securities (b) | 1,091 | | 990 |
| Total | $1,772 | | $1,648 |
Table 56 after “The following table summarizes proceeds from sales of securities and investments in new securities.”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Proceeds from sales of securities | $227 | | $94 | | $478 | $428 |
| Investments in securities | $(233) | | $(101) | | $(495) | $(446) |
| September 30, 2023 | December 31, 2022 | |
| Power generation and structures | $17,135 | | $16,597 |
| Land | 571 | | 584 |
| Office and other equipment | 155 | | 163 |
| Total | 17,861 | | 17,344 |
| Less accumulated depreciation | (6,382) | | (5,753) |
| Net of accumulated depreciation | 11,479 | | 11,591 |
| Finance lease right-of-use assets (net of accumulated depreciation) | 163 | | 173 |
First 8 of 11 rows. The CSV has all of them.
Table 58 after “The following table summarizes the changes to these obligations, reported as AROs (current and noncurrent liabilities) in our condensed cons”
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| Nine Months Ended September 30, 2023 | Nine Months Ended September 30, 2022 | | | | | | | | | | | |
| Nuclear Plant Decom- missioning | Mining Land Reclamation | | Coal Ash and Other | Total | Nuclear Plant Decom- missioning | | Mining Land Reclamation | Coal Ash and Other | Total | | | |
| Liability at beginning of period | $1,688 | | $284 | | $465 | | $2,437 | | $1,635 | | $320 | $495 | $2,450 |
| Additions: | | | | | | | | | | | | | |
| Accretion | 40 | | 9 | | 17 | | 66 | | 39 | | 11 | 15 | 65 |
| Adjustment for change in estimates | — | | 21 | | 9 | | 30 | | — | | (11) | 23 | 12 |
| Reductions: | | | | | | | | | | | | | |
| Payments | — | | (49) | | (11) | | (60) | | — | | (54) | (12) | (66) |
First 8 of 11 rows. The CSV has all of them.
Table 59 after “The balance of other noncurrent liabilities and deferred credits consists of the following:”
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| September 30, 2023 | December 31, 2022 | |
| Retirement and other employee benefits | $237 | | $237 |
| Winter Storm Uri impact (a) | 26 | | 35 |
| Identifiable intangible liabilities (Note 6) | 132 | | 140 |
| Regulatory liability (b) | 44 | | — |
| Finance lease liabilities | 229 | | 237 |
| Uncertain tax positions, including accrued interest | — | | 13 |
| Liability for third-party remediation | 17 | | 37 |
First 8 of 11 rows. The CSV has all of them.
| | September 30, 2023 | December 31, 2022 | | | | |
| Long-term debt (see Note 12): | Fair Value Hierarchy | Carrying Amount | Fair Value | | Carrying Amount | Fair Value | |
| Long-term debt under the Vistra Operations Credit Facilities | Level 2 | $2,497 | | $2,490 | | $2,519 | $2,486 |
| Vistra Operations Senior Notes | Level 2 | 11,120 | | 10,512 | | 9,378 | 8,830 |
| Equipment Financing Agreements | Level 3 | 76 | | 69 | | 74 | 72 |
Table 61 after “The following table reconciles cash, cash equivalents and restricted cash reported in our condensed consolidated statements of cash flows to”
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| September 30, 2023 | December 31, 2022 | |
| Cash and cash equivalents | $3,170 | | $455 |
| Restricted cash included in current assets | 40 | | 37 |
| Restricted cash included in noncurrent assets | 15 | | 33 |
| Total cash, cash equivalents and restricted cash | $3,225 | | $525 |
Table 62 after “The following table summarizes our supplemental cash flow information for the nine months ended September 30, 2023 and 2022:”
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| Nine Months Ended September 30, | | |
| 2023 | 2022 | |
| Cash payments related to: | | | |
| Interest paid | $527 | | $468 |
| Capitalized interest | (28) | | (22) |
| Interest paid (net of capitalized interest) | $499 | | $446 |
Table 63 after “In October 2021, we announced that the Board had authorized a share repurchase program (Share Repurchase Program) under which up to $2.0 bil”
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| $4.25 Billion Board Authorization | | | | | |
| Total Number of Shares Repurchased | Average Price Paid Per Share | Amount Paid for Shares Repurchased | | Amount Available for Additional Repurchases at the End of the Period | |
| Three Months Ended March 31, 2023 | 13,308,465 | $23.11 | | $308 | | |
| Three Months Ended June 30, 2023 | 10,144,891 | 24.39 | | 247 | | |
| Three Months Ended September 30, 2023 | 10,550,307 | 30.36 | | 320 | | |
| Nine Months Ended September 30, 2023 | 34,003,663 | $25.74 | | $875 | | $1,130 |
| October 1, 2023 through November 2, 2023 | 4,547,264 | 32.27 | | 147 | | |
| January 1, 2023 through November 2, 2023 | 38,550,927 | $26.51 | | $1,022 | | $983 |
Table 64 after “Estimated hedging levels for generation volumes in our Texas, East, West and Sunset segments as of September 30, 2023 were as follows:”
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| Balance of 2023 | 2024 | |
| Nuclear/Renewable/Coal Generation: | | | |
| Texas | 99% | | 98% |
| Sunset | 100% | | 89% |
| Gas Generation: | | | |
| Texas | 98% | | 93% |
| East | 100% | | 95% |
| West | 100% | | 100% |
Table 65 after “The following sensitivity table provides approximate estimates of the potential impact of movements in power prices and spark spreads (the d”
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| Balance of 2023 | 2024 | |
| Texas: | | | |
| Nuclear/Renewable/Coal Generation: $2.50/MWh increase in power price | $— | | $3 |
| Nuclear/Renewable/Coal Generation: $2.50/MWh decrease in power price | $— | | $(2) |
| Gas Generation: $1.00/MWh increase in spark spread | $— | | $4 |
| Gas Generation: $1.00/MWh decrease in spark spread | $— | | $(3) |
| Residual Natural Gas Position: $0.25/MMBtu increase in natural gas price | $(2) | | $(10) |
| Residual Natural Gas Position: $0.25/MMBtu decrease in natural gas price | $— | | $9 |
First 8 of 23 rows. The CSV has all of them.
Table 66 after “Consolidated Financial Results — Three and Nine Months Ended September 30, 2023 Compared to Three and Nine Months Ended September 30, 2022”
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| Three Months Ended September 30, | Favorable (Unfavorable) $ Change | | Nine Months Ended September 30, | | Favorable (Unfavorable) $ Change | | | | |
| 2023 | 2022 | | | 2023 | | 2022 | | | |
| Operating revenues | $4,086 | | $5,146 | | | $(1,060) | | $11,701 | $9,859 | $1,842 |
| Fuel, purchased power costs and delivery fees | (2,109) | | (3,139) | | | 1,030 | | (5,754) | (7,580) | 1,826 |
| Operating costs | (411) | | (400) | | | (11) | | (1,277) | (1,250) | (27) |
| Depreciation and amortization | (375) | | (390) | | | 15 | | (1,109) | (1,214) | 105 |
| Selling, general and administrative expenses | (357) | | (323) | | | (34) | | (953) | (894) | (59) |
| Impairment of long-lived assets | — | | — | | | — | | (49) | — | (49) |
First 8 of 16 rows. The CSV has all of them.
| Three Months Ended September 30, 2023 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Operating revenues | $3,383 | | $1,517 | | $651 | | $344 | | $224 | | $— | $(2,033) | $4,086 |
| Fuel, purchased power costs and delivery fees | (2,837) | | (707) | | (376) | | (46) | | (176) | | (1) | 2,034 | (2,109) |
| Operating costs | (36) | | (217) | | (65) | | (14) | | (63) | | (15) | (1) | (411) |
| Depreciation and amortization | (26) | | (132) | | (161) | | (22) | | (16) | | — | (18) | (375) |
| Selling, general and administrative expenses | (237) | | (32) | | (20) | | (6) | | (11) | | (7) | (44) | (357) |
| Operating income (loss) | 247 | | 429 | | 29 | | 256 | | (42) | | (23) | (62) | 834 |
First 8 of 15 rows. The CSV has all of them.
| Three Months Ended September 30, 2022 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Operating revenues | $3,258 | | $3,627 | | $1,126 | | $236 | | $253 | | $95 | $(3,449) | $5,146 |
| Fuel, purchased power costs and delivery fees | (4,161) | | (1,119) | | (983) | | (155) | | (132) | | (39) | 3,450 | (3,139) |
| Operating costs | (43) | | (193) | | (58) | | (10) | | (64) | | (32) | — | (400) |
| Depreciation and amortization | (36) | | (135) | | (187) | | 4 | | (17) | | (1) | (18) | (390) |
| Selling, general and administrative expenses | (238) | | (33) | | (18) | | (5) | | (9) | | (12) | (8) | (323) |
| Operating income (loss) | (1,220) | | 2,147 | | (120) | | 70 | | 31 | | 11 | (25) | 894 |
First 8 of 15 rows. The CSV has all of them.
Table 69 after “For the three months ended September 30, 2023, income tax expense totaled $169 million and the effective tax rate was 25.2%. For the three m”
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| Nine Months Ended September 30, 2023 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Operating revenues | $8,161 | | $3,061 | | $3,305 | | $799 | | $1,366 | | $— | $(4,991) | $11,701 |
| Fuel, purchased power costs and delivery fees | (6,879) | | (1,546) | | (1,494) | | (226) | | (599) | | (2) | 4,992 | (5,754) |
| Operating costs | (93) | | (680) | | (218) | | (43) | | (190) | | (52) | (1) | (1,277) |
| Depreciation and amortization | (78) | | (390) | | (488) | | (56) | | (45) | | — | (52) | (1,109) |
| Selling, general and administrative expenses | (630) | | (95) | | (57) | | (18) | | (36) | | (24) | (93) | (953) |
| Impairment of long-lived assets | — | | — | | — | | — | | (49) | | — | — | (49) |
First 8 of 16 rows. The CSV has all of them.
| Nine Months Ended September 30, 2022 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Operating revenues | $6,876 | | $1,909 | | $2,400 | | $387 | | $55 | | $297 | $(2,065) | $9,859 |
| Fuel, purchased power costs and delivery fees | (3,913) | | (2,342) | | (2,524) | | (279) | | (313) | | (275) | 2,066 | (7,580) |
| Operating costs | (111) | | (602) | | (189) | | (32) | | (191) | | (125) | — | (1,250) |
| Depreciation and amortization | (109) | | (404) | | (545) | | (26) | | (49) | | (29) | (52) | (1,214) |
| Selling, general and administrative expenses | (622) | | (99) | | (50) | | (17) | | (26) | | (33) | (47) | (894) |
| Operating income (loss) | 2,121 | | (1,538) | | (908) | | 33 | | (524) | | (165) | (98) | (1,079) |
First 8 of 15 rows. The CSV has all of them.
Table 71 after “Adjusted EBITDA — Three and Nine Months Ended September 30, 2023 Compared to Three and Nine Months Ended September 30, 2022”
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| Three Months Ended September 30, | Favorable (Unfavorable) $ Change | | Nine Months Ended September 30, | | Favorable (Unfavorable) $ Change | | | | |
| 2023 | 2022 | | | 2023 | | 2022 | | | |
| Net income (loss) | $502 | | $678 | | | $(176) | | $1,676 | $(962) | $2,638 |
| Income tax expense (benefit) | 169 | | 236 | | | (67) | | 470 | (262) | 732 |
| Interest expense and related charges (a) | 143 | | 71 | | | 72 | | 450 | 186 | 264 |
| Depreciation and amortization (b) | 401 | | 413 | | | (12) | | 1,177 | 1,277 | (100) |
| EBITDA before Adjustments | 1,215 | | 1,398 | | | (183) | | 3,773 | 239 | 3,534 |
| Unrealized net (gain) loss resulting from commodity hedging transactions (c) | 283 | | (320) | | | 603 | | (855) | 2,027 | (2,882) |
First 8 of 16 rows. The CSV has all of them.
| Three Months Ended September 30, 2023 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Net income (loss) | $245 | | $438 | | $29 | | $264 | | $(44) | | $(17) | $(413) | $502 |
| Income tax expense | — | | — | | — | | — | | — | | — | 169 | 169 |
| Interest expense and related charges (a) | 2 | | (5) | | — | | — | | — | | 1 | 145 | 143 |
| Depreciation and amortization (b) | 26 | | 158 | | 161 | | 22 | | 16 | | — | 18 | 401 |
| EBITDA before Adjustments | 273 | | 591 | | 190 | | 286 | | (28) | | (16) | (81) | 1,215 |
| Unrealized net (gain) loss resulting from hedging transactions | (97) | | 356 | | 125 | | (203) | | 110 | | (8) | — | 283 |
First 8 of 15 rows. The CSV has all of them.
Table 73 after “Includes the application of bill credits to large commercial and industrial customers that curtailed their usage during Winter Storm Uri.”
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| Three Months Ended September 30, 2022 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Net income (loss) | $(1,227) | | $2,156 | | $(119) | | $72 | | $31 | | $16 | $(251) | $678 |
| Income tax expense | — | | — | | — | | — | | — | | — | 236 | 236 |
| Interest expense and related charges (a) | 4 | | (9) | | — | | (2) | | 1 | | 1 | 76 | 71 |
| Depreciation and amortization (b) | 36 | | 158 | | 187 | | (4) | | 17 | | 1 | 18 | 413 |
| EBITDA before Adjustments | (1,187) | | 2,305 | | 68 | | 66 | | 49 | | 18 | 79 | 1,398 |
| Unrealized net (gain) loss resulting from hedging transactions | 1,203 | | (1,436) | | 68 | | (22) | | (65) | | (68) | — | (320) |
First 8 of 14 rows. The CSV has all of them.
| Nine Months Ended September 30, 2023 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Net income (loss) | $462 | | $396 | | $1,049 | | $481 | | $442 | | $23 | $(1,177) | $1,676 |
| Income tax expense | — | | — | | 1 | | — | | — | | — | 469 | 470 |
| Interest expense and related charges (a) | 19 | | (15) | | — | | (8) | | 2 | | 4 | 448 | 450 |
| Depreciation and amortization (b) | 78 | | 458 | | 488 | | 56 | | 45 | | — | 52 | 1,177 |
| EBITDA before Adjustments | 559 | | 839 | | 1,538 | | 529 | | 489 | | 27 | (208) | 3,773 |
| Unrealized net (gain) loss resulting from hedging transactions | 114 | | 703 | | (1,024) | | (338) | | (278) | | (32) | — | (855) |
First 8 of 16 rows. The CSV has all of them.
| Nine Months Ended September 30, 2022 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Net income (loss) | $2,099 | | $(1,455) | | $(910) | | $36 | | $(525) | | $(154) | $(53) | $(962) |
| Income tax benefit | — | | — | | — | | — | | — | | — | (262) | (262) |
| Interest expense and related charges (a) | 8 | | (20) | | 3 | | (3) | | 2 | | 2 | 194 | 186 |
| Depreciation and amortization (b) | 109 | | 467 | | 545 | | 26 | | 49 | | 29 | 52 | 1,277 |
| EBITDA before Adjustments | 2,216 | | (1,008) | | (362) | | 59 | | (474) | | (123) | (69) | 239 |
| Unrealized net (gain) loss resulting from hedging transactions | (1,602) | | 2,260 | | 805 | | 49 | | 473 | | 42 | — | 2,027 |
First 8 of 14 rows. The CSV has all of them.
Table 76 after “Three and Nine Months Ended September 30, 2023 Compared to Three and Nine Months Ended September 30, 2022”
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| Three Months Ended September 30, | Favorable (Unfavorable) Change | | Nine Months Ended September 30, | | Favorable (Unfavorable) Change | | | | | | | |
| 2023 | 2022 | | | 2023 | | 2022 | | | | | | |
| Operating revenues: | | | | | | | | | | | | | |
| Revenues in ERCOT | $2,878 | | $2,422 | | | $456 | | | $6,570 | | $5,887 | | $683 |
| Revenues in Northeast/Midwest | 574 | | 609 | | | (35) | | | 1,496 | | 1,800 | | (304) |
| Amortization expense | 1 | | 2 | | | (1) | | | — | | 1 | | (1) |
| Unrealized net gains (losses) on hedging activities | (70) | | 225 | | | (295) | | | 95 | | (812) | | 907 |
| Total operating revenues | 3,383 | | 3,258 | | | 125 | | | 8,161 | | 6,876 | | 1,285 |
First 8 of 25 rows. The CSV has all of them.
Table 77 after “The following table presents changes in net income (loss) and Adjusted EBITDA for the three and nine months ended September 30, 2023 compare”
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| Three Months Ended September 30, 2023 Compared to 2022 | Nine Months Ended September 30, 2023 Compared to 2022 | |
| Higher margins driven by seasonality of power costs | $148 | | $154 |
| Winter Storm Uri impact, including bill credits | 24 | | 52 |
| Lower margins due to mild weather in 2023 | — | | (107) |
| Lower bad debt expense | 11 | | 5 |
| Other driven by higher selling costs and revenue-based taxes due to higher revenues in ERCOT | (8) | | (26) |
| Change in Adjusted EBITDA | $175 | | $78 |
| Change in unrealized net gains/(losses) on hedging activities | 1,300 | | (1,716) |
First 8 of 12 rows. The CSV has all of them.
Table 78 after “Three Months Ended September 30, 2023 Compared to Three Months Ended September 30, 2022”
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| Three Months Ended September 30, | | | | | | | | | | | | | |
| Texas | East | | West | Sunset | | | | | | | | | |
| 2023 | 2022 | | 2023 | 2022 | 2023 | | 2022 | 2023 | 2022 | | | | |
| Operating revenues: | | | | | | | | | | | | | | |
| Electricity sales | $214 | | $700 | | $341 | | $757 | | $167 | | $178 | | $241 | $91 |
| Capacity revenue from ISO/RTO | — | | — | | 12 | | 14 | | — | | — | | 8 | — |
| Sales to affiliates | 1,680 | | 1,442 | | 426 | | 458 | | — | | 2 | | 95 | 120 |
| Rolloff of unrealized net gains (losses) representing positions settled in the current period | 586 | | 253 | | 59 | | 57 | | — | | 54 | | (67) | 154 |
First 8 of 33 rows. The CSV has all of them.
| Three Months Ended September 30, | | | Three Months Ended September 30, | | | | | | |
| 2023 | | 2022 | | | 2023 | | 2022 | | |
| Market pricing | | | | | Average Market On-Peak Power Prices ($MWh) (b): | | | | | |
| Average ERCOT North power price ($/MWh) | $109.32 | | | $100.54 | | | PJM West Hub | $42.93 | | $111.21 |
| | AEP Dayton Hub | $40.00 | | | $106.07 | | | | |
| Average NYMEX Henry Hub natural gas price ($/MMBtu) | $2.58 | | | $7.96 | | | NYISO Zone C | $35.46 | | $87.63 |
| | Massachusetts Hub | $39.88 | | | $99.52 | | | | |
| Average natural gas price (a): | | | | | Indiana Hub | $42.99 | | | $109.24 | |
First 8 of 10 rows. The CSV has all of them.
Table 80 after “The following table presents changes in net income (loss) and Adjusted EBITDA for the three months ended September 30, 2023 compared to the ”
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| Three Months Ended September 30, 2023 Compared to 2022 | | | | | |
| Texas | East | | West | Sunset | |
| Favorable change in revenue net of fuel | $100 | | $185 | | $37 | $111 |
| Unfavorable change in other operating costs | (24) | | (6) | | (5) | — |
| Favorable/(unfavorable) change in selling, general and administrative expenses | 1 | | (2) | | 2 | (3) |
| Other | — | | — | | 8 | — |
| Change in Adjusted EBITDA | $77 | | $177 | | $42 | $108 |
| Favorable/(unfavorable) change in depreciation and amortization | — | | 26 | | (26) | 1 |
First 8 of 12 rows. The CSV has all of them.
Table 81 after “Nine Months Ended September 30, 2023 Compared to Nine Months Ended September 30, 2022”
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| Nine Months Ended September 30, | | | | | | | | | | | | | |
| Texas | East | | West | Sunset | | | | | | | | | |
| 2023 | 2022 | | 2023 | 2022 | 2023 | | 2022 | 2023 | 2022 | | | | |
| Operating revenues: | | | | | | | | | | | | | | |
| Electricity sales | $405 | | $1,302 | | $1,051 | | $1,975 | | $497 | | $405 | | $612 | $253 |
| Capacity revenue from ISO/RTO | — | | — | | 42 | | 4 | | — | | — | | 35 | 56 |
| Sales to affiliates | 3,334 | | 2,746 | | 1,197 | | 1,371 | | 9 | | 5 | | 259 | 353 |
| Rolloff of unrealized net gains (losses) representing positions settled in the current period | 865 | | 441 | | 482 | | (12) | | 29 | | 52 | | (130) | 230 |
First 8 of 32 rows. The CSV has all of them.
| Nine Months Ended September 30, | | | | | | | | | | | | |
| Texas | East | | West | Sunset | | | | | | | | |
| 2023 | 2022 | | 2023 | 2022 | 2023 | | 2022 | 2023 | 2022 | | | |
| Heating degree days | 81.5% | | 129.4% | | 85.3% | | 98.9% | | 154.3% | | 95.4% | 85.5% | 101.6% |
Table 83 after “Reflects cooling degree days or heating degree days for the region based on Weather Services International (WSI) data.”
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| Nine Months Ended September 30, | | | Nine Months Ended September 30, | | | | | | |
| 2023 | | 2022 | | | 2023 | | 2022 | | |
| Market pricing | | | | | Average Market On-Peak Power Prices ($MWh) (b): | | | | | |
| Average ERCOT North power price ($/MWh) | $56.26 | | | $67.08 | | | PJM West Hub | $38.20 | | $87.53 |
| | AEP Dayton Hub | $36.16 | | | $83.66 | | | | |
| Average NYMEX Henry Hub natural gas price ($/MMBtu) | $2.46 | | | $6.66 | | | NYISO Zone C | $30.12 | | $70.09 |
| | Massachusetts Hub | $41.49 | | | $95.91 | | | | |
| Average natural gas price (a): | | | | | Indiana Hub | $39.49 | | | $86.77 | |
First 8 of 10 rows. The CSV has all of them.
Table 84 after “The following table presents changes in net income (loss) and Adjusted EBITDA for the nine months ended September 30, 2023 compared to the n”
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| Nine Months Ended September 30, 2023 Compared to 2022 | | | | | |
| Texas | East | | West | Sunset | |
| Favorable change in revenue net of fuel | $447 | | $111 | | $78 | $303 |
| Unfavorable change in other operating costs | (79) | | (28) | | (11) | (4) |
| Favorable/(unfavorable) change in selling, general and administrative expenses | 5 | | (7) | | 2 | (7) |
| Other | (54) | | — | | 17 | (3) |
| Change in Adjusted EBITDA | $319 | | $76 | | $86 | $289 |
| Favorable/(unfavorable) change in depreciation and amortization | 9 | | 57 | | (30) | 4 |
First 8 of 14 rows. The CSV has all of them.
Table 85 after “Three and Nine Months Ended September 30, 2023 Compared to Three and Nine Months Ended September 30, 2022”
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| Three Months Ended September 30, | Favorable (Unfavorable) Change | | Nine Months Ended September 30, | | Favorable (Unfavorable) Change | | | | |
| 2023 | 2022 | | | 2023 | | 2022 | | | |
| Operating revenues | $— | | $95 | | | $(95) | | $— | $297 | $(297) |
| Fuel, purchased power costs and delivery fees | (1) | | (39) | | | 38 | | (2) | (275) | 273 |
| Operating costs | $(15) | | $(32) | | | $17 | | $(52) | $(125) | $73 |
| Depreciation and amortization | — | | (1) | | | 1 | | — | (29) | 29 |
| Selling, general and administrative expenses | (7) | | (12) | | | 5 | | (24) | (33) | 9 |
| Operating loss | (23) | | 11 | | | (34) | | (78) | (165) | 87 |
First 8 of 15 rows. The CSV has all of them.
Table 86 after “The table below summarizes the changes in commodity contract assets and liabilities for the nine months ended September 30, 2023 and 2022. T”
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| Nine Months Ended September 30, | | |
| 2023 | 2022 | |
| Commodity contract net liability at beginning of period | $(3,148) | | $(866) |
| Settlements/termination of positions (a) | 1,585 | | 1,166 |
| Changes in fair value of positions in the portfolio (b) | (730) | | (3,193) |
| Other activity (c) | (108) | | 79 |
| Commodity contract net liability at end of period | $(2,401) | | $(2,814) |
Table 87 after “— The following table presents the net commodity contract liability arising from recognition of fair values as of September 30, 2023, schedu”
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| Maturity dates of unrealized commodity contract net liability as of September 30, 2023 | | | | | | | |
| Source of fair value | Less than 1 year | 1-3 years | | 4-5 years | Excess of 5 years | Total | | |
| Prices actively quoted | $(414) | | $(222) | | $2 | | $— | $(634) |
| Prices provided by other external sources | (435) | | (48) | | — | | — | (483) |
| Prices based on models | (435) | | (611) | | (115) | | (123) | (1,284) |
| Total | $(1,284) | | $(881) | | $(113) | | $(123) | $(2,401) |
Table 88 after “— Cash used in investing activities totaled $1.382 billion and $886 million for the nine months ended September 30, 2023 and 2022, respectiv”
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| Nine Months Ended September 30, | Increase (Decrease) | | |
| 2023 | 2022 | | |
| Capital expenditures, including LTSA prepayments | $(575) | | $(471) | $(104) |
| Nuclear fuel purchases | (174) | | (173) | (1) |
| Growth and development expenditures | (513) | | (265) | (248) |
| Total capital expenditures | (1,262) | | (909) | (353) |
| Net sales (purchases) of environmental allowances | (218) | | 15 | (233) |
| Net investments in nuclear decommissioning trust fund securities | (17) | | (18) | 1 |
First 8 of 11 rows. The CSV has all of them.
Table 89 after “— Cash used in financing activities totaled $490 million in the nine months ended September 30, 2023 and cash provided by financing activiti”
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| Nine Months Ended September 30, | Increase (Decrease) | | |
| 2023 | 2022 | | |
| Share repurchases | $(866) | | $(1,590) | $724 |
| Issuances of senior notes (see Note 12) | 1,750 | | 1,498 | 252 |
| Net long-term borrowings (repayments), including the forward capacity agreements | (21) | | (232) | 211 |
| Net short-term borrowings (repayments) | (650) | | — | (650) |
| Net borrowings (repayments) under the accounts receivable financing facilities | (425) | | 625 | (1,050) |
| Dividends paid to common stockholders | (228) | | (227) | (1) |
First 8 of 11 rows. The CSV has all of them.
Table 90 after “The following table summarizes changes in available liquidity for the nine months ended September 30, 2023:”
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| September 30, 2023 | December 31, 2022 | | Change | |
| Cash and cash equivalents (a) | $3,170 | | $455 | | $2,715 |
| Vistra Operations Credit Facilities — Revolving Credit Facility (b) | 849 | | 1,236 | | (387) |
| Vistra Operations — Commodity-Linked Facility (c) | 401 | | 808 | | (407) |
| Total available liquidity (d)(e) | $4,420 | | $2,499 | | $1,921 |
Table 91 after “— This measurement estimates the potential loss in value, due to changes in market conditions, of all underlying generation assets and contr”
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| Nine Months Ended September 30, 2023 | Year Ended December 31, 2022 | |
| Month-end average VaR | $210 | | $489 |
| Month-end high VaR | $423 | | $686 |
| Month-end low VaR | $127 | | $283 |
Table 92 after “Including collateral posted to us by counterparties, our net Texas, East, Sunset and Asset Closure segments credit exposure was $542 million”
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| Exposure Before Credit Collateral | Credit Collateral | | Net Exposure | |
| Investment grade | $503 | | $17 | | $486 |
| Below investment grade or no rating | 60 | | 4 | | 56 |
| Totals | $563 | | $21 | | $542 |
Table 93 after “The following table provides information about our repurchase of equity securities that are registered by us pursuant to Section 12 of the E”
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| Total Number of Shares Purchased | Average Price Paid per Share | | Total Number of Shares Purchased as Part of a Publicly Announced Program | Maximum Dollar Amount of Shares that may yet be Purchased under the Program (in millions) | |
| July 1 - July 31, 2023 | 2,658,213 | | $27.16 | | 2,658,213 | $1,378 |
| August 1 - August 31, 2023 | 4,333,746 | | $29.99 | | 4,333,746 | $1,248 |
| September 1 - September 30, 2023 | 3,558,348 | | $33.22 | | 3,558,348 | $1,130 |
| For the quarter ended September 30, 2023 | 10,550,307 | | $30.36 | | 10,550,307 | $1,130 |
Table 94 after “(a) Exhibits filed or furnished as part of Part II are:”
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| Exhibits | Previously Filed With File Number* | AsExhibit | | |
| (2) | Plan of Acquisition, Reorganization, Arrangement, Liquidation, or Succession | | | |
| 2.1 | 0001-38086 Form 8-K (filed March 7, 2023) | 2.1 | — | Transaction Agreement, dated March 6, 2023, by and among Vistra Operations Company LLC, Black Pen Inc. and Energy Harbor Corp. |
| (3(i)) | Articles of Incorporation | | | |
| 3.1 | 0001-38086 Form 8-K (filed May 4, 2020) | 3.1 | — | Restated Certificate of Incorporation of Vistra Energy Corp. (now known as Vistra Corp.) |
| 3.2 | 0001-38086 Form 8-K (filed June 29, 2020) | 3.1 | — | Certificate of Amendment of the Restated Certificate of Incorporation of Vistra Energy Corp. (now known as Vistra Corp.), effective July 2, 2020 |
| 3.3 | 0001-38086 Form 8-K (filed October 15, 2021) | 3.1 | — | Series A Preferred Stock Certificate of Designation, filed with the Secretary of State of Delaware on October 14, 2021 |
| 3.4 | 0001-38086 Form 8-K (filed December 13, 2021) | 3.1 | — | Series B Preferred Stock Certificate of Designation, filed with the Secretary of State of Delaware on December 9, 2021 |
First 8 of 17 rows. The CSV has all of them.
| Exhibits | Previously Filed With File Number* | AsExhibit | | |
| 4.7 | 0001-38086 Form 8-K (filed July 17, 2023) | 4.1 | — | Thirteenth Amendment to Receivables Purchase Agreement, dated as of July 11, 2023, among TXU Energy Receivables Company LLC, as seller, TXU Energy Retail Company LLC, as servicer, Vistra Operations Company LLC, as performance guarantor, certain purchaser agents and purchasers named therein and Credit Agricole Corporate and Investment Bank, as administrator |
| 4.8 | 0001-38086 Form 8-K (filed October 2, 2023) | 4.1 | — | Fourteenth Supplemental Indenture, dated as of September 26, 2023, by and among Vistra Operations Company LLC, as Issuer, the Subsidiary Guarantors and Wilmington Trust, National Association, as Trustee |
| 4.9 | 0001-38086 Form 8-K (filed October 2, 2023) | 4.2 | — | Indenture, dated as of September 26, 2023, by and among Vistra Operations Company LLC, as Issuer, the Subsidiary Guarantors and Wilmington Trust, National Association, as Trustee |
| 4.10 | 0001-38086 Form 8-K (filed October 2, 2023) | 4.3 | — | Form of Rule 144A Global Security for 6.950% Senior Secured Note due 2033 (included in Exhibit 4.8) |
| 4.11 | 0001-38086 Form 8-K (filed October 2, 2023) | 4.4 | — | Form of Regulation S Global Security for 6.950% Senior Secured Note due 2033 (included in Exhibit 4.8) |
| 4.12 | 0001-38086 Form 8-K (filed October 2, 2023) | 4.5 | — | Form of Rule 144A Global Security for 7.750% Senior Unsecured Note due 2031 (included in Exhibit 4.9) |
| 4.13 | 0001-38086 Form 8-K (filed October 2, 2023) | 4.6 | — | Form of Regulation S Global Security for 7.750% Senior Unsecured Note due 2031 (included in Exhibit 4.9) |
First 8 of 13 rows. The CSV has all of them.
| Exhibits | Previously Filed With File Number* | AsExhibit | | |
| 10.5 | 0001-38086 Form 8-K (filed September 15, 2023) | 10.2 | — | Senior Unsecured Notes Purchase Agreement, dated September 12, 2023, by and among Vistra Operations Company LLC, the Guarantors and Citigroup Global Markets Inc., on behalf of itself and the several Initial Purchasers named in Schedule I to the Purchase Agreement. |
| 10.6 | 0001-38086 Form 8-K (filed July 17, 2023) | 10.1 | — | Amendment No. 4 to Master Framework Agreement, dated as of July 11, 2023, by and among TXU Energy Retail Company LLC, as seller and seller party agent, certain originators name therein, Vistra Operations Company LLC, as guarantor, and MUFG Bank, Ltd., as buyer |
| 10.7 | 0001-38086 Form 8-K (filed July 17, 2023) | 10.2 | — | Amendment No. 3 to Master Repurchase Agreement, dated as of July 11, 2023, by and among TXU Energy Retail Company LLC, as seller and MUFG Bank, Ltd., as buyer |
| (31) | Rule 13a-14(a) / 15d-14(a) Certifications | | | |
| 31.1 | ** | | — | Certification of James A. Burke, principal executive officer of Vistra Corp., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2 | ** | | — | Certification of Kristopher E. Moldovan, principal financial officer of Vistra Corp., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| (32) | Section 1350 Certifications | | | |
First 8 of 20 rows. The CSV has all of them.