For the year ending 2025-12-31, VST has $41,550M in assets. $36,440M in debts. $785M in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 785 | 1,188 | 3,485 | 455 |
| Restricted cash | 31 | 28 | - | - |
| Restricted cash included in current assets | - | - | 40 | 37 |
| Trade accounts receivable net | 2,323 | 1,982 | 1,674 | 2,059 |
| Income taxes receivable | - | 8 | 6 | 27 |
| Inventories net-Materials And Supplies | 599 | - | - | - |
| Inventories | - | 970 | 740 | 570 |
| Inventories net-Fuel And Natural Gas Storage | 417 | - | - | - |
| Commodity and other derivative contractual assets | 2,793 | 2,587 | 3,645 | 4,538 |
| Margin deposits related to commodity contracts | 1,133 | 406 | 1,244 | 3,137 |
| Margin deposits posted under affiliate financing agreement | 444 | 435 | 439 | - |
| Prepaid expense and other current assets | 654 | 515 | 364 | 293 |
| Total current assets | 9,179 | 8,119 | 11,637 | 11,116 |
| Restricted cash included in noncurrent assets | - | - | 14 | 33 |
| Restricted cash | 6 | 6 | - | - |
| Investments | 5,091 | 4,512 | 2,035 | 1,729 |
| Property, plant, and equipment net | 19,846 | 18,173 | 12,432 | 12,554 |
| Operating lease right-of-use assets | - | - | 50 | 51 |
| Goodwill | 2,810 | 2,807 | 2,583 | 2,583 |
| Gross carrying amount | 3,844 | 3,513 | 2,937 | - |
| Accumulated amortization | 2,750 | 2,641 | 2,414 | - |
| Net | 1,094 | 872 | 523 | - |
| Retail trade names (not subject to amortization)-Trade Names | 1,341 | 1,341 | 1,341 | - |
| Identifiable intangible assets net | 2,435 | 2,213 | 1,864 | 1,958 |
| Commodity and other derivative contractual assets | 405 | 740 | 577 | 702 |
| Accumulated deferred income taxes | 239 | 9 | 1,223 | 1,710 |
| Other noncurrent assets | 1,539 | 1,191 | 551 | 351 |
| Total assets | 41,550 | 37,770 | 32,966 | 32,787 |
| Short-term borrowings | 1,800 | - | 0 | 650 |
| Accounts receivable financing | 1,225 | 750 | 0 | 425 |
| Long-term debt due currently | 1,201 | 880 | 2,286 | 38 |
| Forward repurchase obligation due currently | 632 | 703 | - | - |
| Trade accounts payable | 1,644 | 1,510 | 1,147 | 1,556 |
| Commodity and other derivative contractual liabilities | 4,049 | 3,351 | 5,258 | 6,610 |
| Margin deposits related to commodity contracts | 7 | 49 | 45 | 39 |
| Accrued taxes other than income | 224 | 209 | 203 | 199 |
| Accrued interest | 188 | 193 | 206 | 160 |
| Asset retirement obligations | 181 | 142 | 124 | 128 |
| Operating lease liabilities | - | - | 7 | 8 |
| Retirement and other employee benefits | - | 224 | 247 | 237 |
| Other current liabilities | 663 | 645 | 547 | 524 |
| Winter storm uri impacts | - | 1 | 26 | 35 |
| Total current liabilities | 11,814 | 8,432 | 9,823 | 10,337 |
| Margin deposits financing with affiliate | 444 | 435 | 439 | - |
| Identifiable intangible liabilities | - | 155 | 131 | 140 |
| Long-term debt, less amounts due currently | 15,842 | 15,418 | 12,116 | 11,933 |
| Regulatory liability | - | 452 | 209 | 0 |
| Operating lease liabilities | - | 98 | 48 | 45 |
| Forward repurchase obligation, less amounts due currently | 0 | 632 | - | - |
| Commodity and other derivative contractual liabilities | 1,729 | 1,367 | 1,688 | 1,726 |
| Accumulated deferred income taxes | 1,049 | 697 | 1 | 1 |
| Tax receivable agreement obligation | - | 14 | 164 | 514 |
| Finance lease liabilities | - | 218 | 227 | 237 |
| Uncertain tax positions, including accrued interest | - | - | 0 | 13 |
| Liability for third-party remediation | - | 8 | 17 | 37 |
| Accrued severance costs | - | 36 | 36 | 36 |
| Other accrued expenses | - | 64 | 58 | 269 |
| Asset retirement obligations | 4,035 | 3,936 | 2,414 | 2,309 |
| Other noncurrent liabilities and deferred credits | 1,527 | 1,256 | 951 | 1,004 |
| Total liabilities | 36,440 | 32,187 | 27,644 | 27,869 |
| Preferred stock (100,000,000 shares authorized, 1,000 liquidation preference per share, 2,476,066 shares outstanding at both december 31, 2025 and 2024, respectively) | 2,476 | 2,476 | 2,476 | 2,000 |
| Common stock (par value 0.01 per share, 1,800,000,000 shares authorized, 338,059,635 and 339,754,307 shares outstanding at december 31, 2025 and 2024, respectively) | 5 | 5 | 5 | 5 |
| Treasury stock, at cost (215,599,525 and 208,998,299 shares at december 31, 2025 and 2024, respectively) | 6,925 | 5,912 | 4,662 | 3,395 |
| Additional paid-in-capital | 9,536 | 9,435 | 10,095 | 9,928 |
| Accumulated deficit | -12 | -454 | -2,613 | -3,643 |
| Accumulated other comprehensive income | 17 | 20 | 6 | 7 |
| Stockholders' equity | 5,097 | 5,570 | 5,307 | 4,902 |
| Noncontrolling interest in subsidiary | 13 | 13 | 15 | 16 |
| Total equity | 5,110 | 5,583 | 5,322 | 4,918 |
| Total liabilities and equity | 41,550 | 37,770 | 32,966 | 32,787 |
Vistra Corp. (VST)
Vistra Corp. (VST)