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Tables in the 10-Q of Vistra Corp.
78 tables with numbers, filed May 4, 2021. 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 Months Ended March 31, 2021 and 2020 | 1 |
| Condensed Consolidated Statements of Comprehensive Income (Loss) — Three Months Ended March 31, 2021 and 2020 | 1 |
| Condensed Consolidated Statements of Cash Flows — Three Months Ended March 31, 2021 and 2020 | 2 |
| Condensed Consolidated Balance Sheets — March 31, 2021 and December 31, 2020 | 3 |
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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| 2020 Form 10-K | Vistra's annual report on Form 10-K for the year ended December 31, 2020, filed with the SEC on February 26, 2021 |
| Ambit or Ambit Energy | 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 |
| CFTC | U.S. Commodity Futures Trading Commission |
| CME | Chicago Mercantile Exchange |
First 8 of 35 rows. The CSV has all of them.
| Merger | the merger of Dynegy with and into Vistra, with Vistra as the surviving corporation |
| Merger Date | April 9, 2018, the date Vistra and Dynegy completed the transactions contemplated by the Agreement and Plan of Merger, dated as of October 29, 2017, by and between Vistra and Dynegy |
| MISO | Midcontinent Independent System Operator, Inc. |
| MMBtu | million British thermal units |
| Moody's | Moody's Investors Service, Inc. (a credit rating agency) |
| MSHA | U.S. Mine Safety and Health Administration |
| MW | megawatts |
| MWh | megawatt-hours |
First 8 of 32 rows. The CSV has all of them.
| Tax Matters Agreement | Tax Matters Agreement, dated as of the Effective Date, by and among Energy Future Holdings Corp. (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 Receivables 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 7 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 |
| TWh | terawatt-hours |
| 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 15 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 March 31, | | | |
| | 2021 | 2020 | |
| Operating revenues (Note 4) | | $3,207 | | $2,858 |
| Fuel, purchased power costs and delivery fees | | (4,745) | | (1,333) |
| Operating costs | | (371) | | (379) |
| Depreciation and amortization | | (423) | | (419) |
| Selling, general and administrative expenses | | (251) | | (252) |
| Impairment of long-lived assets (Note 17) | | — | | (84) |
First 8 of 25 rows. The CSV has all of them.
Table 7 after “(Unaudited) (Millions of Dollars)”
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| Three Months Ended March 31, | | | |
| | 2021 | 2020 | |
| Net income (loss) | | $(2,040) | | $45 |
| Other comprehensive income (loss), net of tax effects: | | | | |
| Effects related to pension and other retirement benefit obligations (net of tax benefit of $— and $7) | | 2 | | (23) |
| Total other comprehensive income (loss) | | 2 | | (23) |
| Comprehensive income (loss) | | $(2,038) | | $22 |
| Comprehensive (income) loss attributable to noncontrolling interest | | (3) | | 11 |
First 8 of 9 rows. The CSV has all of them.
| VISTRA CORP. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Millions of Dollars) | | | |
| Three Months Ended March 31, | | |
| 2021 | 2020 | |
| Cash flows — operating activities: | | | |
| Net income (loss) | $(2,040) | | $45 |
| Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: | | | |
| Depreciation and amortization | 511 | | 489 |
| Deferred income tax expense (benefit), net | (524) | | 13 |
First 8 of 44 rows. The CSV has all of them.
| VISTRA CORP. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Millions of Dollars) | | | |
| Three Months Ended March 31, | | |
| 2021 | 2020 | |
| Net change in cash, cash equivalents and restricted cash | 157 | | 320 |
| Cash, cash equivalents and restricted cash — beginning balance | 444 | | 475 |
| Cash, cash equivalents and restricted cash — ending balance | $601 | | $795 |
Table 10 after “See Notes to the Condensed Consolidated Financial Statements.”
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| VISTRA CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Millions of Dollars) | | | |
| March 31, 2021 | December 31, 2020 | |
| ASSETS | | | |
| Current assets: | | | |
| Cash and cash equivalents | $561 | | $406 |
| Restricted cash (Note 17) | 22 | | 19 |
| Trade accounts receivable — net (Note 17) | 1,316 | | 1,279 |
| Inventories (Note 17) | 467 | | 515 |
First 8 of 37 rows. The CSV has all of them.
| VISTRA CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Millions of Dollars) | | | |
| March 31, 2021 | December 31, 2020 | |
| Long-term debt, less amounts due currently (Note 10) | 9,312 | | 9,235 |
| Operating lease liabilities | 38 | | 40 |
| Commodity and other derivative contractual liabilities (Note 14) | 441 | | 624 |
| Accumulated deferred income taxes | 1 | | 1 |
| Tax Receivable Agreement obligation (Note 7) | 410 | | 447 |
| Asset retirement obligations (Note 17) | 2,337 | | 2,333 |
First 8 of 21 rows. The CSV has all of them.
Table 12 after “million, driven by severance cost, were accrued in the three months ended September 30, 2020 in operating costs of our Sunset segment. Opera”
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| Name | Location | ISO/RTO | Fuel Type | Net Generation Capacity (MW) | Expected Retirement Date (a) |
| Baldwin | Baldwin, IL | MISO | Coal | 1,185 | By the end of 2025 |
| Coleto Creek | Goliad, TX | ERCOT | Coal | 650 | By the end of 2027 |
| Joppa | Joppa, IL | MISO | Coal | 802 | By September 1, 2022 |
| Joppa | Joppa, IL | MISO | Natural Gas | 221 | By September 1, 2022 |
| Kincaid | Kincaid, IL | PJM | Coal | 1,108 | By the end of 2027 |
| Miami Fort | North Bend, OH | PJM | Coal | 1,020 | By the end of 2027 |
| Newton | Newton, IL | MISO/PJM | Coal | 615 | By the end of 2027 |
First 8 of 10 rows. The CSV has all of them.
| Three Months Ended March 31, 2021 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations | Consolidated | | | |
| Revenue from contracts with customers: | | | | | | | | | | | | | |
| Retail energy charge in ERCOT | $1,149 | | $— | | $— | | $— | | $— | | $— | $— | $1,149 |
| Retail energy charge in Northeast/Midwest | 586 | | — | | — | | — | | — | | — | — | 586 |
| Wholesale generation revenue from ISO/RTO | — | | 3,246 | | 156 | | 38 | | 723 | | — | — | 4,163 |
| Capacity revenue from ISO/RTO (a) | — | | — | | (4) | | — | | 39 | | — | — | 35 |
| Revenue from other wholesale contracts | — | | 2,028 | | 163 | | 21 | | 58 | | — | — | 2,270 |
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| Three Months Ended March 31, 2020 | | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | | Eliminations | | Consolidated | | |
| Revenue from contracts with customers: | | | | | | | | | | | | | | |
| Retail energy charge in ERCOT | $1,253 | | $— | | $— | | $— | | $— | | $— | | $— | $1,253 |
| Retail energy charge in Northeast/Midwest | 640 | | — | | — | | — | | — | | — | | — | 640 |
| Wholesale generation revenue from ISO/RTO | — | | 96 | | 58 | | 33 | | 74 | | — | | — | 261 |
| Capacity revenue from ISO/RTO (a) | — | | — | | 3 | | — | | 42 | | — | | — | 45 |
| Revenue from other wholesale contracts | — | | 50 | | 164 | | 4 | | 49 | | — | | — | 267 |
First 8 of 15 rows. The CSV has all of them.
Table 15 after “The following table presents trade accounts receivable (net of allowance for uncollectible accounts) relating to both contracts with custome”
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| March 31, 2021 | December 31, 2020 | |
| Trade accounts receivable from contracts with customers — net | $1,230 | | $1,169 |
| Other trade accounts receivable — net | 86 | | 110 |
| Total trade accounts receivable — net | $1,316 | | $1,279 |
Table 16 after “Identifiable intangible assets are comprised of the following:”
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| March 31, 2021 | December 31, 2020 | | | | | | | | | |
| Identifiable Intangible Asset | GrossCarryingAmount | Accumulated Amortization | | Net | GrossCarryingAmount | Accumulated Amortization | | Net | | | |
| Retail customer relationship | $2,082 | | $1,483 | | $599 | | $2,082 | | | $1,434 | $648 |
| Software and other technology-related assets | 421 | | 198 | | 223 | | 414 | | | 186 | 228 |
| Retail and wholesale contracts | 269 | | 211 | | 58 | | 272 | | | 204 | 68 |
| Contractual service agreements (a) | 41 | | — | | 41 | | 51 | | | 1 | 50 |
| Other identifiable intangible assets (b) | 53 | | 20 | | 33 | | 96 | | | 19 | 77 |
| Total identifiable intangible assets subject to amortization | $2,866 | | $1,912 | | 954 | | $2,915 | | | $1,844 | 1,071 |
First 8 of 11 rows. The CSV has all of them.
Table 17 after “Identifiable intangible liabilities are comprised of the following:”
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| Identifiable Intangible Liability | March 31, 2021 | December 31, 2020 | |
| Contractual service agreements | $128 | | $129 |
| Purchase and sale of power and capacity | 85 | | 87 |
| Fuel and transportation purchase contracts | 17 | | 73 |
| Total identifiable intangible liabilities | $230 | | $289 |
Table 18 after “Expense related to finite-lived identifiable intangible assets and liabilities (including the classification in the condensed consolidated s”
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| Identifiable Intangible Assets and Liabilities | Condensed Consolidated Statements of Operations | Three Months Ended March 31, | | | |
| | 2021 | 2020 | | |
| Retail customer relationship | Depreciation and amortization | | $49 | | $74 |
| Software and other technology-related assets | Depreciation and amortization | | 19 | | 17 |
| Retail and wholesale contracts/purchase and sale/fuel and transportation contracts | Operating revenues/fuel, purchased power costs and delivery fees | | 8 | | 2 |
| Other identifiable intangible assets | Operating revenues/fuel, purchased power costs and delivery fees/depreciation and amortization | | 57 | | 52 |
| Total intangible asset expense (a) | | $133 | | $145 | |
Table 19 after “As of March 31, 2021, the estimated aggregate amortization expense of identifiable intangible assets and liabilities for each of the next fi”
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| Year | Estimated Amortization Expense |
| 2021 | $283 |
| 2022 | $187 |
| 2023 | $131 |
| 2024 | $82 |
| 2025 | $57 |
Table 20 after “The calculation of our effective tax rate is as follows:”
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| Three Months Ended March 31, | | | |
| | 2021 | 2020 | |
| Income (loss) before income taxes | | $(2,525) | | $62 |
| Income tax (expense) benefit | | $485 | | $(17) |
| Effective tax rate | | 19.2% | | 27.4% |
Table 21 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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| Three Months Ended March 31, | | |
| 2021 | 2020 | |
| TRA obligation at the beginning of the period | $450 | | $455 |
| Accretion expense | 17 | | 17 |
| Changes in tax assumptions impacting timing of payments (a) | (54) | | (9) |
| Impacts of Tax Receivable Agreement | (37) | | 8 |
| TRA obligation at the end of the period | 413 | | 463 |
| Less amounts due currently | (3) | | — |
First 8 of 9 rows. The CSV has all of them.
Table 22 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 March 31, | | | |
| | 2021 | 2020 | |
| Net income (loss) attributable to common stock — basic | | $(2,043) | | $56 |
| Weighted average shares of common stock outstanding — basic | | 484,699,267 | | 487,944,564 |
| Net income (loss) per weighted average share of common stock outstanding — basic | | $(4.21) | | $0.11 |
| Dilutive securities: Stock-based incentive compensation plan | | — | | 2,694,062 |
| Weighted average shares of common stock outstanding — diluted | | 484,699,267 | | 490,638,626 |
| Net income (loss) per weighted average share of common stock outstanding — diluted | | $(4.21) | | $0.11 |
Table 23 after “Amounts in the table below represent the categories of long-term debt obligations incurred by the Company.”
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| March 31, 2021 | December 31, 2020 | |
| Vistra Operations Credit Facilities | $2,564 | | $2,572 |
| Vistra Operations Senior Secured Notes: | | | |
| 3.550% Senior Secured Notes, due July 15, 2024 | 1,500 | | 1,500 |
| 3.700% Senior Secured Notes, due January 30, 2027 | 800 | | 800 |
| 4.300% Senior Secured Notes, due July 15, 2029 | 800 | | 800 |
| Total Vistra Operations Senior Secured Notes | 3,100 | | 3,100 |
| Vistra Operations Senior Unsecured Notes: | | | |
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Table 24 after “The Vistra Operations Credit Facilities and related available capacity at March 31, 2021 are presented below.”
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| | March 31, 2021 | | | | | |
| Vistra Operations Credit Facilities | Maturity Date | Facility Limit | Cash Borrowings | | Letters of Credit Outstanding | Available Capacity | |
| Revolving Credit Facility (a) | June 14, 2023 | $2,725 | | $300 | | $636 | $1,789 |
| Term Loan A Facility (b) | March 28, 2022 | 1,000 | | 1,000 | | — | — |
| Term Loan B-3 Facility (c) | December 31, 2025 | 2,564 | | 2,564 | | — | — |
| Total Vistra Operations Credit Facilities | | $6,289 | | $3,864 | | $636 | $1,789 |
Table 25 after “— Vistra employs interest rate swaps to hedge our exposure to variable rate debt. As of March 31, 2021, Vistra has entered into the followin”
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| Notional Amount | Expiration Date | Rate Range | | |
| Swapped to fixed | $3,000 | July 2023 | 3.67% | - | 3.91% |
| Swapped to variable | $700 | July 2023 | 3.20% | - | 3.23% |
| Swapped to fixed | $720 | February 2024 | 3.71% | - | 3.72% |
| Swapped to variable | $720 | February 2024 | 3.20% | - | 3.20% |
| Swapped to fixed (a) | $3,000 | July 2026 | 4.72% | - | 4.79% |
| Swapped to variable (a) | $700 | July 2026 | 3.28% | - | 3.33% |
Table 26 after “Long-term debt maturities at March 31, 2021 are as follows:”
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| March 31, 2021 |
| Remainder of 2021 | $354 |
| 2022 | 262 |
| 2023 | 40 |
| 2024 | 1,540 |
| 2025 | 2,470 |
| Thereafter | 5,206 |
| Unamortized premiums, discounts and debt issuance costs | (80) |
First 8 of 9 rows. The CSV has all of them.
Table 27 after “The following table presents the changes to equity for the three months ended March 31, 2021:”
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| 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 at December 31, 2020 | $5 | | $(973) | | $9,786 | | $(399) | | $(48) | | $8,371 | $(10) | $8,361 |
| Stock repurchase | — | | (175) | | — | | — | | — | | (175) | — | (175) |
| Dividends declared on common stock | — | | — | | — | | (74) | | — | | (74) | — | (74) |
| Effects of stock-based incentive compensation plans | — | | — | | 17 | | — | | — | | 17 | — | 17 |
| Net income (loss) | — | | — | | — | | (2,043) | | — | | (2,043) | 3 | (2,040) |
| Change in accumulated other comprehensive income (loss) | — | | — | | — | | — | | 2 | | 2 | — | 2 |
| Other | — | | — | | 2 | | — | | — | | 2 | — | 2 |
First 8 of 9 rows. The CSV has all of them.
Table 28 after “The following table presents the changes to equity for the three months ended March 31, 2020:”
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| 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 at December 31, 2019 | $5 | | $(973) | | $9,721 | | $(764) | | $(30) | | $7,959 | $1 | $7,960 |
| Dividends declared on common stock | — | | — | | — | | (66) | | — | | (66) | — | (66) |
| Effects of stock-based incentive compensation plans | — | | — | | 14 | | — | | — | | 14 | — | 14 |
| Net income (loss) | — | | — | | — | | 56 | | — | | 56 | (11) | 45 |
| Adoption of accounting standard | — | | — | | — | | (4) | | — | | (4) | — | (4) |
| Change in accumulated other comprehensive income (loss) | — | | — | | — | | — | | (23) | | (23) | — | (23) |
| Other | — | | — | | 2 | | (2) | | — | | — | — | — |
First 8 of 9 rows. The CSV has all of them.
Table 29 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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| March 31, 2021 | December 31, 2020 | | | | | | | | | | | | | | | | | | | |
| Level 1 | Level 2 | | Level 3 (a) | Reclass (b) | Total | | Level 1 | | Level 2 | Level 3 (a) | | Reclass (b) | | Total | | | | | | |
| Assets: | | | | | | | | | | | | | | | | | | | | | |
| Commodity contracts | $399 | | $173 | | $379 | | $64 | | | $1,015 | | $452 | | | $201 | | | $205 | $76 | | $934 |
| Interest rate swaps | — | | 42 | | — | | — | | | 42 | | — | | | 72 | | | — | — | | 72 |
| Nuclear decommissioning trust – equity securities (c) | 662 | | — | | — | | | | 662 | | 623 | | | — | | | — | | | 623 | |
| Nuclear decommissioning trust – debt securities (c) | — | | 596 | | — | | | | 596 | | — | | | 618 | | | — | | | 618 | |
| Sub-total | $1,061 | | $811 | | $379 | | $64 | | | 2,315 | | $1,075 | | | $891 | | | $205 | $76 | | 2,247 |
First 8 of 15 rows. The CSV has all of them.
Table 30 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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| March 31, 2021 | | | | | | | | | | | | | | | |
| Fair Value | | | | | | | | | | | | | | |
| Contract Type (a) | Assets | Liabilities | | Total | Valuation Technique | | Significant Unobservable Input | | Range (b) | | Average (b) | | | | |
| Electricity purchases and sales | $234 | | $(43) | | $191 | | | Income Approach | | Hourly price curve shape (c) | | $— | to | $75 | $37 |
| | | | | | MWh | | | | | | | | | |
| | | | | | | Illiquid delivery periods for hub power prices and heat rates (d) | | $10 | | to | $130 | $69 | | |
| | | | | | | | MWh | | | | | | | |
| Options | 41 | | (102) | | (61) | | | Option Pricing Model | | Gas to power correlation (e) | | 20% | to | 100% | 57% |
First 8 of 13 rows. The CSV has all of them.
Table 31 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, 2020 | | | | | | | | | | | | | | | |
| Fair Value | | | | | | | | | | | | | | |
| Contract Type (a) | Assets | Liabilities | | Total | Valuation Technique | | Significant Unobservable Input | | Range (b) | | Average (b) | | | | |
| Electricity purchases and sales | $61 | | $(90) | | $(29) | | | Income Approach | | Hourly price curve shape (c) | | $— | to | $85 | $43 |
| | | | | | MWh | | | | | | | | | |
| | | | | | | Illiquid delivery periods for ERCOT hub power prices and heat rates (d) | | $25 | | to | $125 | $75 | | |
| | | | | | | | MWh | | | | | | | |
| Options | 38 | | (56) | | (18) | | | Option Pricing Model | | Gas to power correlation (e) | | 30% | to | 100% | 64% |
First 8 of 13 rows. The CSV has all of them.
Table 32 after “The following table presents the changes in fair value of the Level 3 assets and liabilities for the three months ended March 31, 2021 and 2”
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| Three Months Ended March 31, | | | |
| | 2021 | 2020 | |
| Net asset (liability) balance at beginning of period | | $22 | | $(74) |
| Total unrealized valuation gains (losses) | | 190 | | (6) |
| Purchases, issuances and settlements (a): | | | | |
| Purchases | | 17 | | 55 |
| Issuances | | (6) | | (3) |
| Settlements | | (19) | | (13) |
First 8 of 13 rows. The CSV has all of them.
Table 33 after “Substantially all derivative contractual assets and liabilities are accounted for under mark-to-market accounting consistent with accounting”
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| March 31, 2021 | | | | | | | |
| Derivative Assets | Derivative Liabilities | | | | | | |
| Commodity Contracts | Interest Rate Swaps | | Commodity Contracts | Interest Rate Swaps | Total | | |
| Current assets | $655 | | $19 | | $36 | | $— | $710 |
| Noncurrent assets | 308 | | 23 | | 16 | | — | 347 |
| Current liabilities | (4) | | — | | (793) | | (71) | (868) |
| Noncurrent liabilities | (8) | | — | | (218) | | (215) | (441) |
| Net assets (liabilities) | $951 | | $42 | | $(959) | | $(286) | $(252) |
Table 34 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, 2020 | | | | | | | |
| Derivative Assets | Derivative Liabilities | | | | | | |
| Commodity Contracts | Interest Rate Swaps | | Commodity Contracts | Interest Rate Swaps | Total | | |
| Current assets | $665 | | $19 | | $64 | | $— | $748 |
| Noncurrent assets | 197 | | 53 | | 8 | | — | 258 |
| Current liabilities | (1) | | — | | (717) | | (71) | (789) |
| Noncurrent liabilities | (3) | | — | | (288) | | (333) | (624) |
| Net assets (liabilities) | $858 | | $72 | | $(933) | | $(404) | $(407) |
Table 35 after “The following table presents the pretax effect of derivative gains (losses) on net income, including realized and unrealized effects. Amount”
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| Derivative (condensed consolidated statements of operations presentation) | Three Months Ended March 31, | | | | |
| | 2021 | | 2020 | |
| Commodity contracts (Operating revenues) | | | $86 | | $257 |
| Commodity contracts (Fuel, purchased power costs and delivery fees) | | | 40 | | (106) |
| Interest rate swaps (Interest expense and related charges) | | | 75 | | (178) |
| Net gain (loss) | | | $201 | | $(27) |
Table 36 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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| March 31, 2021 | December 31, 2020 | | | | | | | | | | | |
| 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 | $951 | | $(629) | | $(32) | | $290 | | $858 | | $(667) | $(11) | $180 |
| Interest rate swaps | 42 | | (42) | | — | | — | | 72 | | (72) | — | — |
| Total derivative assets | 993 | | (671) | | (32) | | 290 | | 930 | | (739) | (11) | 180 |
| Derivative liabilities: | | | | | | | | | | | | | |
| Commodity contracts | (959) | | 629 | | 185 | | (145) | | (933) | | 667 | 138 | (128) |
First 8 of 11 rows. The CSV has all of them.
Table 37 after “The following table presents the gross notional amounts of derivative volumes at March 31, 2021 and December 31, 2020:”
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| March 31, 2021 | December 31, 2020 | | |
| Derivative type | Notional Volume | Unit of Measure | | |
| Natural gas (a) | 5,198 | | 5,264 | Million MMBtu |
| Electricity | 420,600 | | 438,863 | GWh |
| Financial transmission rights (b) | 192,197 | | 217,350 | GWh |
| Coal | 13 | | 20 | Million U.S. tons |
| Fuel oil | 140 | | 176 | Million gallons |
| Emissions | 11 | | 8 | Million tons |
First 8 of 11 rows. The CSV has all of them.
Table 38 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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| March 31, 2021 | December 31, 2020 | |
| Fair value of derivative contract liabilities (a) | $(549) | | $(679) |
| Offsetting fair value under netting arrangements (b) | 215 | | 262 |
| Cash collateral and letters of credit | 41 | | 35 |
| Liquidity exposure | $(293) | | $(382) |
| Three Months ended | Retail | Texas | | East | West | Sunset | | Asset Closure | Corporate and Other (b) | Eliminations | | Consolidated | | | |
| Operating revenues (a): | | | | | | | | | | | | | | | |
| March 31, 2021 | $1,750 | | $1,083 | | $724 | | $33 | | $279 | | $— | | $— | $(662) | $3,207 |
| March 31, 2020 | 1,908 | | 861 | | 734 | | 82 | | 346 | | — | | — | (1,073) | 2,858 |
| Depreciation and amortization: | | | | | | | | | | | | | | | |
| March 31, 2021 | $(53) | | $(124) | | $(196) | | $(5) | | $(29) | | $— | | $(16) | $— | $(423) |
| March 31, 2020 | (80) | | (113) | | (168) | | (5) | | (39) | | — | | (14) | — | (419) |
| Operating income (loss): | | | | | | | | | | | | | | | |
First 8 of 16 rows. The CSV has all of them.
Table 40 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 | | | |
| March 31, 2021 | $(4) | | $(541) | | $(35) | | $(53) | | $(99) | | $— | | $— | $790 | $58 |
| March 31, 2020 | 1 | | 203 | | 54 | | 7 | | 55 | | — | | — | (119) | $201 |
Table 41 after “Interest Expense and Related Charges”
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| Three Months Ended March 31, | | | |
| | 2021 | 2020 | |
| Interest paid/accrued | | $112 | | $128 |
| Unrealized mark-to-market net (gains) losses on interest rate swaps | | (88) | | 174 |
| Amortization of debt issuance costs, discounts and premiums | | 5 | | 4 |
| Debt extinguishment gain | | — | | (8) |
| Capitalized interest | | (8) | | (3) |
| Other | | 8 | | 5 |
First 8 of 9 rows. The CSV has all of them.
| Three Months Ended March 31, | | | |
| | 2021 | 2020 | |
| Other income: | | | | |
| Insurance settlement (a) | | $38 | | $3 |
| Gain on settlement of rail transportation disputes (b) | | 15 | | — |
| Interest income | | — | | 1 |
| All other | | 2 | | 3 |
| Total other income | | $55 | | $7 |
First 8 of 12 rows. The CSV has all of them.
| March 31, 2021 | December 31, 2020 | | | | |
| Current Assets | Noncurrent Assets | | Current Assets | Noncurrent Assets | |
| Amounts related to remediation escrow accounts | $22 | | $18 | | $19 | $19 |
| Total restricted cash | $22 | | $18 | | $19 | $19 |
| March 31, 2021 | December 31, 2020 | |
| Wholesale and retail trade accounts receivable | $1,359 | | $1,324 |
| Allowance for uncollectible accounts | (43) | | (45) |
| Trade accounts receivable — net | $1,316 | | $1,279 |
Table 45 after “Allowance for Uncollectible Accounts Receivable”
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| Three Months Ended March 31, | | |
| 2021 | 2020 | |
| Allowance for uncollectible accounts receivable at beginning of period | $45 | | $42 |
| Increase for bad debt expense | 28 | | 26 |
| Decrease for account write-offs | (30) | | (28) |
| Allowance for uncollectible accounts receivable at end of period | $43 | | $40 |
| March 31, 2021 | December 31, 2020 | |
| Materials and supplies | $261 | | $260 |
| Fuel stock | 189 | | 236 |
| Natural gas in storage | 17 | | 19 |
| Total inventories | $467 | | $515 |
| March 31, 2021 | December 31, 2020 | |
| Nuclear plant decommissioning trust | $1,718 | | $1,674 |
| Assets related to employee benefit plans | 41 | | 41 |
| Land | 44 | | 44 |
| Total investments | $1,803 | | $1,759 |
Table 48 after “A summary of the fair market value of investments in the fund follows:”
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| March 31, 2021 | December 31, 2020 | |
| Debt securities (a) | $596 | | $618 |
| Equity securities (b) | 1,122 | | 1,056 |
| Total | $1,718 | | $1,674 |
Table 49 after “The following table summarizes proceeds from sales of securities and investments in new securities.”
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| Three Months Ended March 31, | | | |
| | 2021 | 2020 | |
| Proceeds from sales of securities | | $133 | | $75 |
| Investments in securities | | $(138) | | $(80) |
| March 31, 2021 | December 31, 2020 | |
| Power generation and structures | $15,283 | | $15,222 |
| Land | 616 | | 617 |
| Office and other equipment | 176 | | 173 |
| Total | 16,075 | | 16,012 |
| Less accumulated depreciation | (3,925) | | (3,614) |
| Net of accumulated depreciation | 12,150 | | 12,398 |
| Finance lease right-of-use assets (net of accumulated depreciation) | 179 | | 182 |
First 8 of 11 rows. The CSV has all of them.
Table 51 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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| Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | | | | | | | | | | |
| 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 | $1,585 | | $359 | | $492 | | $2,436 | | $1,320 | | $410 | $508 | $2,238 |
| Additions: | | | | | | | | | | | | | |
| Accretion | 12 | | 5 | | 6 | | 23 | | 11 | | 5 | 7 | 23 |
| Adjustment for change in estimates | — | | — | | (5) | | (5) | | — | | (1) | — | (1) |
| Reductions: | | | | | | | | | | | | | |
| Payments | — | | (15) | | (3) | | (18) | | — | | (13) | (7) | (20) |
First 8 of 11 rows. The CSV has all of them.
Table 52 after “The balance of other noncurrent liabilities and deferred credits consists of the following:”
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| March 31, 2021 | December 31, 2020 | |
| Retirement and other employee benefits | $312 | | $312 |
| Winter Storm Uri impact (a) | 722 | | — |
| Identifiable intangible liabilities (Note 5) | 230 | | 289 |
| Regulatory liability | 121 | | 89 |
| Finance lease liabilities | 218 | | 206 |
| Uncertain tax positions, including accrued interest | 13 | | 12 |
| Liability for third-party remediation | 33 | | 31 |
First 8 of 11 rows. The CSV has all of them.
| | March 31, 2021 | December 31, 2020 | | | | |
| Long-term debt (see Note 10): | Fair Value Hierarchy | Carrying Amount | Fair Value | | Carrying Amount | Fair Value | |
| Long-term debt under the Vistra Operations Credit Facilities | Level 2 | $2,571 | | $2,545 | | $2,579 | $2,565 |
| Vistra Operations Senior Notes | Level 2 | 6,636 | | 6,962 | | 6,634 | 7,204 |
| Forward Capacity Agreements | Level 3 | 519 | | 519 | | 45 | 45 |
| Equipment Financing Agreements | Level 3 | 56 | | 56 | | 59 | 59 |
| Building Financing | Level 2 | 7 | | 7 | | 10 | 10 |
| Other debt | Level 3 | 3 | | 3 | | 3 | 3 |
Table 54 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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| March 31, 2021 | December 31, 2020 | |
| Cash and cash equivalents | $561 | | $406 |
| Restricted cash included in current assets | 22 | | 19 |
| Restricted cash included in noncurrent assets | 18 | | 19 |
| Total cash, cash equivalents and restricted cash | $601 | | $444 |
Table 55 after “The following table summarizes our supplemental cash flow information for the three months ended March 31, 2021 and 2020:”
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| Three Months Ended March 31, | | |
| 2021 | 2020 | |
| Cash payments related to: | | | |
| Interest paid | $191 | | $208 |
| Capitalized interest | (8) | | (3) |
| Interest paid (net of capitalized interest) | $183 | | $205 |
| Income taxes paid (refunds received) (a) | $7 | | $(36) |
| Noncash investing and financing activities: | | | |
First 8 of 10 rows. The CSV has all of them.
Table 56 after “Estimated hedging levels for generation volumes in our Texas, East, West and Sunset segments at March 31, 2021 were as follows:”
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| 2021 | 2022 | |
| Nuclear/Renewable/Coal Generation: | | | |
| Texas | 93% | | 62% |
| Sunset | 99% | | 65% |
| Gas Generation: | | | |
| Texas | 78% | | 14% |
| East | 93% | | 38% |
| West | 96% | | 24% |
Table 57 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 2021 | 2022 | |
| Texas: | | | |
| Nuclear/Renewable/Coal Generation: $2.50/MWh increase in power price | $7 | | $45 |
| Nuclear/Renewable/Coal Generation: $2.50/MWh decrease in power price | $(5) | | $(42) |
| Gas Generation: $1.00/MWh increase in spark spread | $7 | | $33 |
| Gas Generation: $1.00/MWh decrease in spark spread | $(5) | | $(30) |
| Residual Natural Gas Position: $0.25/MMBtu increase in natural gas price | $— | | $6 |
| Residual Natural Gas Position: $0.25/MMBtu decrease in natural gas price | $(7) | | $(16) |
First 8 of 21 rows. The CSV has all of them.
Table 58 after “Consolidated Financial Results — Three Months Ended March 31, 2021 Compared to Three Months Ended March 31, 2020”
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| Three Months Ended March 31, | | Favorable (Unfavorable) $ Change | | | |
| | 2021 | | 2020 | | |
| Operating revenues | | | $3,207 | | $2,858 | $349 |
| Fuel, purchased power costs and delivery fees | | | (4,745) | | (1,333) | (3,412) |
| Operating costs | | | (371) | | (379) | 8 |
| Depreciation and amortization | | | (423) | | (419) | (4) |
| Selling, general and administrative expenses | | | (251) | | (252) | 1 |
| Impairment of long-lived assets | | | — | | (84) | 84 |
First 8 of 17 rows. The CSV has all of them.
Table 59 after “Consolidated Financial Results — Three Months Ended March 31, 2021 Compared to Three Months Ended March 31, 2020”
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| Three Months Ended March 31, 2021 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Operating revenues | $1,750 | | $1,083 | | $724 | | $33 | | $279 | | $— | $(662) | $3,207 |
| Fuel, purchased power costs and delivery fees | (1,400) | | (3,318) | | (454) | | (48) | | (187) | | — | 662 | (4,745) |
| Operating costs | (31) | | (179) | | (54) | | (7) | | (93) | | (7) | — | (371) |
| Depreciation and amortization | (53) | | (124) | | (196) | | (5) | | (29) | | — | (16) | (423) |
| Selling, general and administrative expenses | (172) | | (18) | | (18) | | (8) | | (14) | | (9) | (12) | (251) |
| Operating income (loss) | 94 | | (2,556) | | 2 | | (35) | | (44) | | (16) | (28) | (2,583) |
First 8 of 15 rows. The CSV has all of them.
| Three Months Ended March 31, 2020 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Operating revenues | $1,908 | | $861 | | $734 | | $82 | | $346 | | $— | $(1,073) | $2,858 |
| Fuel, purchased power costs and delivery fees | (1,545) | | (267) | | (387) | | (65) | | (142) | | — | 1,073 | (1,333) |
| Operating costs | (30) | | (189) | | (54) | | (5) | | (90) | | (10) | (1) | (379) |
| Depreciation and amortization | (80) | | (113) | | (168) | | (5) | | (39) | | — | (14) | (419) |
| Selling, general and administrative expenses | (154) | | (20) | | (33) | | (4) | | (18) | | (7) | (16) | (252) |
| Impairment of long-lived assets | — | | — | | — | | — | | (84) | | — | — | (84) |
First 8 of 17 rows. The CSV has all of them.
Table 61 after “Adjusted EBITDA — Three Months Ended March 31, 2021 Compared to Three Months Ended March 31, 2020”
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| Three Months Ended March 31, | | Favorable (Unfavorable) $ Change | | | |
| | 2021 | | 2020 | | |
| Net income (loss) | | | $(2,040) | | $45 | $(2,085) |
| Income tax expense (benefit) | | | (485) | | 17 | (502) |
| Interest expense and related charges (a) | | | 29 | | 300 | (271) |
| Depreciation and amortization (b) | | | 443 | | 438 | 5 |
| EBITDA before Adjustments | | | (2,053) | | 800 | (2,853) |
| Unrealized net (gain) resulting from hedging transactions | | | (96) | | (125) | 29 |
First 8 of 19 rows. The CSV has all of them.
| Three Months Ended March 31, 2021 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Net income (loss) | $88 | | $(2,518) | | $1 | | $(31) | | $(43) | | $— | $463 | $(2,040) |
| Income tax benefit | — | | — | | — | | — | | — | | — | (485) | (485) |
| Interest expense and related charges (a) | 2 | | (3) | | 1 | | (4) | | 1 | | — | 32 | 29 |
| Depreciation and amortization (b) | 53 | | 144 | | 196 | | 5 | | 29 | | — | 16 | 443 |
| EBITDA before Adjustments | 143 | | (2,377) | | 198 | | (30) | | (13) | | — | 26 | (2,053) |
| Unrealized net (gain) loss resulting from hedging transactions | (783) | | 522 | | 20 | | 53 | | 92 | | — | — | (96) |
First 8 of 17 rows. The CSV has all of them.
| Three Months Ended March 31, 2020 | | | | | | | | | | | | |
| Retail | Texas | | East | West | Sunset | | Asset Closure | Eliminations / Corporate and Other | Vistra Consolidated | | | |
| Net income (loss) | $95 | | $273 | | $65 | | $4 | | $(25) | | $(18) | $(349) | $45 |
| Income tax expense | — | | — | | — | | — | | — | | — | 17 | 17 |
| Interest expense and related charges (a) | 4 | | (2) | | 2 | | — | | 1 | | — | 295 | 300 |
| Depreciation and amortization (b) | 80 | | 133 | | 167 | | 5 | | 39 | | — | 14 | 438 |
| EBITDA before Adjustments | 179 | | 404 | | 234 | | 9 | | 15 | | (18) | (23) | 800 |
| Unrealized net (gain) loss resulting from hedging transactions | 121 | | (181) | | (38) | | 12 | | (39) | | — | — | (125) |
First 8 of 17 rows. The CSV has all of them.
Table 64 after “Three Months Ended March 31, 2021 Compared to Three Months Ended March 31, 2020”
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| Three Months Ended March 31, | | Favorable (Unfavorable) Change | | | |
| | 2021 | | 2020 | | |
| Operating revenues: | | | | | | |
| Revenues in ERCOT | | | $1,169 | | $1,271 | $(102) |
| Revenues in Northeast/Midwest | | | 587 | | 640 | (53) |
| Amortization expense | | | (1) | | (4) | 3 |
| Other revenues | | | (5) | | 1 | (6) |
| Total operating revenues | | | 1,750 | | 1,908 | (158) |
First 8 of 25 rows. The CSV has all of them.
Table 65 after “Net income decreased by $7 million to $88 million and Adjusted EBITDA decreased by $510 million to a net loss of $199 million in the three m”
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| Three Months Ended March 31, 2021 Compared to 2020 |
| Lower margins driven by Winter Storm Uri | $(489) |
| Other driven by higher SG&A and bad debt expense | (21) |
| Change in Adjusted EBITDA | $(510) |
| Favorable impact of higher unrealized net gains on hedging activities | 904 |
| Future bill credits and other costs related to Winter Storm Uri | (432) |
| Increase in depreciation and amortization expenses | 27 |
| Lower transition and merger and other expenses | 4 |
First 8 of 9 rows. The CSV has all of them.
Table 66 after “Three Months Ended March 31, 2021 Compared to Three Months Ended March 31, 2020”
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| Three Months Ended March 31, | | | | | | | | | | | | | |
| Texas | East | | West | Sunset | | | | | | | | | |
| 2021 | 2020 | | 2021 | 2020 | 2021 | | 2020 | 2021 | 2020 | | | | |
| Operating revenues: | | | | | | | | | | | | | | |
| Electricity sales | $700 | | $260 | | $335 | | $195 | | $85 | | $74 | | $245 | $181 |
| Capacity revenue from ISO/RTO | — | | — | | (4) | | 3 | | — | | — | | 39 | 42 |
| Sales to affiliates | 924 | | 398 | | 428 | | 482 | | 1 | | 1 | | 99 | 72 |
| Rolloff of unrealized net gains (losses) representing positions settled in the current period | (26) | | (41) | | 55 | | 74 | | (5) | | (10) | | (52) | (75) |
First 8 of 32 rows. The CSV has all of them.
| Three Months Ended March 31, | | | Three Months Ended March 31, | | | | | | |
| 2021 | | 2020 | | | 2021 | | 2020 | | |
| Market pricing | | | | | Average Market On-Peak Power Prices ($MWh) (b): | | | | | |
| Average ERCOT North power price ($/MWh) | $490.52 | | | $19.39 | | | PJM West Hub | $34.69 | | $22.50 |
| | AEP Dayton Hub | $34.73 | | | $22.38 | | | | |
| Average NYMEX Henry Hub natural gas price ($/MMBtu) | $3.38 | | | $1.88 | | | NYISO Zone C | $29.39 | | $18.33 |
| | Massachusetts Hub | $54.44 | | | $24.59 | | | | |
| Average natural gas price (a): | | | | | Indiana Hub | $45.08 | | | $24.65 | |
First 8 of 10 rows. The CSV has all of them.
Table 68 after “The following table presents changes in net income (loss) and Adjusted EBITDA for the three months ended March 31, 2021 compared to the thre”
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| Three Months Ended March 31, 2021 Compared to 2020 | | | | | |
| Texas | East | | West | Sunset | |
| Favorable/(unfavorable) change in revenue net of fuel | $(1,627) | | $(20) | | $9 | $16 |
| Favorable/(unfavorable) change in other operating costs | 14 | | 1 | | (2) | (2) |
| Change in selling, general and administrative expenses | 1 | | 3 | | (3) | 5 |
| Other | 37 | | (2) | | (1) | — |
| Change in Adjusted EBITDA | $(1,575) | | $(18) | | $3 | $19 |
| Favorable/(unfavorable) change in depreciation and amortization | (11) | | (29) | | — | 10 |
First 8 of 17 rows. The CSV has all of them.
Table 69 after “Three Months Ended March 31, 2021 Compared to Three Months Ended March 31, 2020”
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| Three Months Ended March 30, | | Favorable (Unfavorable) Change | | | |
| | 2021 | | 2020 | | |
| Operating costs | | | $(7) | | $(10) | $3 |
| Selling, general and administrative expenses | | | (9) | | (7) | (2) |
| Operating loss | | | (16) | | (17) | 1 |
| Other income | | | 16 | | — | 16 |
| Other deductions | | | — | | (1) | 1 |
| Loss before income taxes | | | — | | (18) | 18 |
First 8 of 11 rows. The CSV has all of them.
Table 70 after “The table below summarizes the changes in commodity contract assets and liabilities for the three months ended March 31, 2021 and 2020. The ”
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| Three Months Ended March 31, | | |
| 2021 | 2020 | |
| Commodity contract net liability at beginning of period | $(75) | | $(279) |
| Settlements/termination of positions (a) | (30) | | (26) |
| Changes in fair value of positions in the portfolio (b) | 126 | | 151 |
| Other activity (c) | (29) | | 20 |
| Commodity contract net liability at end of period | $(8) | | $(134) |
Table 71 after “— The following table presents the net commodity contract liability arising from recognition of fair values at March 31, 2021, scheduled by ”
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| Maturity dates of unrealized commodity contract net liability at March 31, 2021 | | | | | | | |
| Less than 1 year | 1-3 years | | 4-5 years | Excess of 5 years | Total | | |
| Prices actively quoted | $(121) | | $(52) | | $— | | $— | $(173) |
| Prices provided by other external sources | (25) | | (15) | | 1 | | — | (39) |
| Prices based on models | 92 | | 48 | | 34 | | 30 | 204 |
| Total | $(54) | | $(19) | | $35 | | $30 | $(8) |
Table 72 after “Cash used in investing activities totaled $129 million and $284 million for the three months ended March 31, 2021 and 2020, respectively. Ca”
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| Three Months Ended March 31, | | |
| 2021 | 2020 | |
| Capital expenditures, including LTSA prepayments | $108 | | $160 |
| Nuclear fuel purchases | $6 | | $24 |
| Growth and development expenditures | $78 | | $77 |
| Capital expenditures | $192 | | $261 |
Table 73 after “The following table summarizes changes in available liquidity for the three months ended March 31, 2021:”
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| March 31, 2021 | December 31, 2020 | | Change | |
| Cash and cash equivalents | $561 | | $406 | | $155 |
| Vistra Operations Credit Facilities — Revolving Credit Facility | 1,789 | | 1,988 | | (199) |
| Vistra Operations — Alternate Letter of Credit Facility | — | | 5 | | (5) |
| Total available liquidity (a) | $2,350 | | $2,399 | | $(49) |
Table 74 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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| Three Months Ended March 31, 2021 | Year Ended December 31, 2020 | |
| Month-end average VaR | $449 | | $234 |
| Month-end high VaR | $585 | | $361 |
| Month-end low VaR | $359 | | $164 |
Table 75 after “Including collateral posted to us by counterparties, our net Texas, East and Sunset segments exposure was $345 million, substantially all of”
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| Exposure Before Credit Collateral | Credit Collateral | | Net Exposure | |
| Investment grade | $303 | | $26 | | $277 |
| Below investment grade or no rating | 77 | | 9 | | 68 |
| Totals | $380 | | $35 | | $345 |
Table 76 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) | |
| January 1 - January 31, 2021 | 3,552,381 | | $20.82 | | 3,552,381 | $1,426 |
| February 1 - February 28, 2021 | 3,731,529 | | $20.65 | | 3,731,529 | $1,349 |
| March 1 - March 31, 2021 | 1,374,243 | | $17.45 | | 1,374,243 | $1,325 |
| For the quarter ended March 31, 2021 | 8,658,153 | | $20.21 | | 8,658,153 | $1,325 |
Table 77 after “(a) Exhibits filed or furnished as part of Part II are:”
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| Exhibits | Previously Filed With File Number* | AsExhibit | | |
| (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(ii)) | By-laws | | | |
| 3.3 | 001-38086 Form 10-K (Year ended December 31, 2020) (filed February 23, 2021) | 3.3 | — | Restated Bylaws of Vistra Corp., effective February 23, 2021 |
| (4) | Instruments Defining the Rights of Security Holders, Including Indentures | | | |
| 4.1 | 001-38086 Form 10-K (Year ended December 31, 2020) (filed February 23, 2021) | 4.9 | — | Sixth Supplemental Indenture for the 5.500% Senior Notes due 2026, dated January 8, 2021, among the Guaranteeing Subsidiaries, the Company, the Subsidiary Guarantors and the Trustee |
First 8 of 14 rows. The CSV has all of them.
| Exhibits | Previously Filed With File Number* | AsExhibit | | |
| 10.1 | 001-38086 Form 8-K (filed on April 2, 2021) | 10.1 | — | Credit Agreement, dated as of March 29, 2021, among Vistra Operations Company LLC (as Borrower), Vistra Intermediate Company LLC (as Holdings), Royal Bank of Canada (as Administrative Agent and as Collateral Agent), and the 2021 Incremental Term Loan Lender (as defined therein) |
| 10.2 | 001-38086 Form 8-K (filed on April 2, 2021) | 10.2 | — | First Amendment to Credit Agreement, dated as of April 1, 2021, among Vistra Operations Company LLC (as Borrower), Vistra Intermediate Company LLC (as Holdings), Royal Bank of Canada (as Administrative Agent and as Collateral Agent), and the 2021 Incremental Term Loan Lender (as defined therein) |
| (31) | Rule 13a-14(a) / 15d-14(a) Certifications | | | |
| 31.1 | ** | | — | Certification of Curtis A. Morgan, principal executive officer of Vistra Corp., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2 | ** | | — | Certification of James A. Burke, principal financial officer of Vistra Corp., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| (32) | Section 1350 Certifications | | | |
| 32.1 | *** | | — | Certification of Curtis A. Morgan, principal executive officer of Vistra Corp., pursuant to U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
First 8 of 19 rows. The CSV has all of them.