Schedule I - Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Condensed Statements of Operations

VISTRA CORP. (PARENT)

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT

CONDENSED STATEMENTS OF OPERATIONS

(Millions of Dollars)

	Year Ended December 31,
	2024		2023		2022
Depreciation and amortization	$	—	$	(15)	$	(16)
Selling, general, and administrative expenses	(102)		(80)		(69)
Operating loss	(102)		(95)		(85)
Other income	28		31		6
Impacts of Tax Receivable Agreement	(5)		(164)		(128)
Loss before income tax benefit	(79)		(228)		(207)
Income tax benefit	17		58		47
Equity in earnings (losses) of subsidiaries, net of tax	2,721		1,663		(1,067)
Net income (loss)	$	2,659	$	1,493	$	(1,227)

Condensed Balance Sheets

VISTRA CORP. (PARENT)

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT

CONDENSED BALANCE SHEETS

(Millions of Dollars)

	December 31,
	2024		2023
ASSETS
Cash and cash equivalents	$	22	$	31
Trade accounts receivable — affiliates	13		—
Income taxes receivable	8		6
Total current assets	43		37
Investment in affiliated companies	4,670		4,507
Property, plant, and equipment — net	2		3
Accumulated deferred income taxes	960		1,086
Other noncurrent assets	3		—
Total assets	$	5,678	$	5,633
LIABILITIES AND EQUITY
Trade accounts payable	$	8	$	12
Accounts payable —affiliates	27		91
Accrued taxes	9		12
Other current liabilities	27		12
Total current liabilities	71		127
Tax Receivable Agreement obligations	14		164
Other noncurrent liabilities and deferred debits	10		20
Total liabilities	95		311
Total stockholders' equity	5,583		5,322
Total liabilities and equity	$	5,678	$	5,633

Condensed Statements of Cash Flows

VISTRA CORP. (PARENT)

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT

CONDENSED STATEMENTS OF CASH FLOWS

(Millions of Dollars)

	Year Ended December 31,
	2024		2023		2022
Cash flows — operating activities:
Cash used in operating activities	$	(37)	$	(31)	$	(27)
Cash flows — investing activities:
Dividend received from subsidiaries	1,705		1,625		1,775
Proceeds from sales of subsidiary transferable ITCs	150		—		—
Cash provided by investing activities	1,855		1,625		1,775
Cash flows — financing activities:
Stock repurchases	(1,266)		(1,245)		(1,949)
Dividends paid to common stockholders	(305)		(313)		(302)
Dividends paid to preferred stockholders	(173)		(150)		(151)
TRA Repurchase and tender offer - return of capital	(122)		—		—
Other, net	39		91		40
Cash used in financing activities	(1,827)		(1,617)		(2,362)
Net change in cash, cash equivalents and restricted cash	(9)		(23)		(614)
Cash, cash equivalents and restricted cash — beginning balance	31		54		668
Cash, cash equivalents and restricted cash — ending balance	$	22	$	31	$	54