10-Q Filing

VISTRA CORP. CIK: 1692819 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001692819-18-000022`
Period End Date	20180331
Filing Date	20180504
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	vistra-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 34 Cash Flow Statement 58 Comprehensive Income 10

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.80B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.80B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	427.58M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.49B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	428.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	427.59M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	428.51M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsCurrent`	$59.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsCurrent`	$59.00M	USD	Point-in-time
Trade accounts receivable net	`AccountsReceivableNetCurrent`	$463.00M	USD	Point-in-time
Trade accounts receivable net	`AccountsReceivableNetCurrent`	$582.00M	USD	Point-in-time
Inventories	`InventoryNet`	$253.00M	USD	Point-in-time
Inventories	`InventoryNet`	$226.00M	USD	Point-in-time
Commodity and other derivative contractual assets	`DerivativeInstrumentsAndHedges`	$404.00M	USD	Point-in-time
Commodity and other derivative contractual assets	`DerivativeInstrumentsAndHedges`	$190.00M	USD	Point-in-time
Margin deposits related to commodity contracts	`MarginDepositAssets`	$93.00M	USD	Point-in-time
Margin deposits related to commodity contracts	`MarginDepositAssets`	$30.00M	USD	Point-in-time
Prepaid expense and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$75.00M	USD	Point-in-time
Prepaid expense and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$72.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.67B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.70B	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsNoncurrent`	$500.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsNoncurrent`	$500.00M	USD	Point-in-time
Investments	`LongTermInvestments`	$1.24B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.23B	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$4.85B	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$4.82B	USD	Point-in-time
Goodwill	`Goodwill`	$1.91B	USD	Point-in-time
Goodwill	`Goodwill`	$1.91B	USD	Point-in-time
Identifiable intangible assets net	`IntangibleAssetsNetExcludingGoodwill`	$2.53B	USD	Point-in-time
Identifiable intangible assets net	`IntangibleAssetsNetExcludingGoodwill`	$2.44B	USD	Point-in-time
Commodity and other derivative contractual assets	`DerivativeInstrumentsAndHedgesNoncurrent`	$169.00M	USD	Point-in-time
Commodity and other derivative contractual assets	`DerivativeInstrumentsAndHedgesNoncurrent`	$58.00M	USD	Point-in-time
Accumulated deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$710.00M	USD	Point-in-time
Accumulated deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$793.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$189.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$162.00M	USD	Point-in-time
Total assets	`Assets`	$14.60B	USD	Point-in-time
Total assets	`Assets`	$14.78B	USD	Point-in-time
Long-term debt due currently	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$44.00M	USD	Point-in-time
Long-term debt due currently	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$44.00M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$421.00M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$473.00M	USD	Point-in-time
Commodity and other derivative contractual liabilities	`DerivativeInstrumentsAndHedgesLiabilities`	$224.00M	USD	Point-in-time
Commodity and other derivative contractual liabilities	`DerivativeInstrumentsAndHedgesLiabilities`	$595.00M	USD	Point-in-time
Margin deposits related to commodity contracts	`MarginDepositLiabilities`	$4.00M	USD	Point-in-time
Margin deposits related to commodity contracts	`MarginDepositLiabilities`	$3.00M	USD	Point-in-time
Accrued taxes	`AccruedIncomeTaxesCurrent`	$58.00M	USD	Point-in-time
Accrued taxes	`AccruedIncomeTaxesCurrent`	$58.00M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$59.00M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$136.00M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$16.00M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$3.00M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$99.00M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$126.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$248.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$297.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.56B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.35B	USD	Point-in-time
Long-term debt, less amounts due currently	`LongTermDebtAndCapitalLeaseObligations`	$4.38B	USD	Point-in-time
Long-term debt, less amounts due currently	`LongTermDebtAndCapitalLeaseObligations`	$4.37B	USD	Point-in-time
Commodity and other derivative contractual liabilities	`DerivativeAndHedgeLiabilitiesNoncurrent`	$102.00M	USD	Point-in-time
Commodity and other derivative contractual liabilities	`DerivativeAndHedgeLiabilitiesNoncurrent`	$386.00M	USD	Point-in-time
Noncurrent TRA obligation at the end of the period	`TaxReceivableAgreementObligationNoncurrent`	$351.00M	USD	Point-in-time
Noncurrent TRA obligation at the end of the period	`TaxReceivableAgreementObligationNoncurrent`	$601.00M	USD	Point-in-time
Noncurrent TRA obligation at the end of the period	`TaxReceivableAgreementObligationNoncurrent`	$333.00M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$1.82B	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$1.84B	USD	Point-in-time
Other noncurrent liabilities and deferred credits	`OtherLiabilitiesNoncurrent`	$256.00M	USD	Point-in-time
Other noncurrent liabilities and deferred credits	`OtherLiabilitiesNoncurrent`	$239.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$8.72B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock (par value $0.01; number of shares authorized 1,800,000,000) (shares outstanding: March 31, 2018 428,506,325; December 31, 2017 428,398,802)	`CommonStockValue`	$4.00M	USD	Point-in-time
Common stock (par value $0.01; number of shares authorized 1,800,000,000) (shares outstanding: March 31, 2018 428,506,325; December 31, 2017 428,398,802)	`CommonStockValue`	$4.00M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$7.77B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$7.76B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-1.70B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-1.41B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.06B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.68B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.34B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$14.78B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$14.60B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$1.36B	USD	1 Quarter
Operating revenues	`Revenues`	$765.00M	USD	1 Quarter
Fuel, purchased power costs and delivery fees	`CostOfFuelPurchasedPowerAndDelivery`	$650.00M	USD	1 Quarter
Fuel, purchased power costs and delivery fees	`CostOfFuelPurchasedPowerAndDelivery`	$683.00M	USD	1 Quarter
Operating costs	`OtherCostAndExpenseOperating`	$194.00M	USD	1 Quarter
Operating costs	`OtherCostAndExpenseOperating`	$214.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$170.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$153.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$162.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$135.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-394.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$155.00M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$10.00M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$9.00M	USD	1 Quarter
Other deductions	`OtherNonoperatingExpense`	$2.00M	USD	1 Quarter
Other deductions	`OtherNonoperatingExpense`	-	USD	1 Quarter
Interest expense and related charges	`InterestIncomeExpenseNet`	$9.00M	USD	1 Quarter
Interest expense and related charges	`InterestIncomeExpenseNet`	$-24.00M	USD	1 Quarter
Impacts of tax receivable agreement	`ImpactsOfTaxReceivableAgreement`	$21.00M	USD	1 Quarter
Impacts of tax receivable agreement	`ImpactsOfTaxReceivableAgreement`	$18.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-395.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$119.00M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$41.00M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-89.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$78.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-306.00M	USD	1 Quarter
Weighted average shares of common stock outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	428.45M	shares	1 Quarter
Weighted average shares of common stock outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	427.58M	shares	1 Quarter
Weighted average shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	428.45M	shares	1 Quarter
Weighted average shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	427.80M	shares	1 Quarter
Net income per weighted average share of common stock outstanding - basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Net income per weighted average share of common stock outstanding - basic	`EarningsPerShareBasic`	$-0.71	USD	1 Quarter
Net income per weighted average share of common stock outstanding - diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Net income per weighted average share of common stock outstanding - diluted	`EarningsPerShareDiluted`	$-0.71	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$78.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-306.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$180.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$226.00M	USD	1 Quarter
Deferred income tax (benefit) expense, net	`DeferredIncomeTaxesAndTaxCredits`	$-83.00M	USD	1 Quarter
Deferred income tax (benefit) expense, net	`DeferredIncomeTaxesAndTaxCredits`	$42.00M	USD	1 Quarter
Unrealized net (gain) loss from mark-to-market valuations of derivatives	`UnrealizedGainLossOnCommodityRelatedDerivatives`	$129.00M	USD	1 Quarter
Unrealized net (gain) loss from mark-to-market valuations of derivatives	`UnrealizedGainLossOnCommodityRelatedDerivatives`	$-356.00M	USD	1 Quarter
Accretion expense	`AssetRetirementObligationAccretionExpense`	$19.00M	USD	1 Quarter
Accretion expense	`AssetRetirementObligationAccretionExpense`	$14.00M	USD	1 Quarter
Impacts of Tax Receivable Agreement	`TaxReceivableAgreementAccretionExpense`	$21.00M	USD	1 Quarter
Impacts of Tax Receivable Agreement	`TaxReceivableAgreementAccretionExpense`	$18.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-7.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$13.00M	USD	1 Quarter
Margin deposits, net	`IncreaseDecreaseInMarginDepositsNet`	$64.00M	USD	1 Quarter
Margin deposits, net	`IncreaseDecreaseInMarginDepositsNet`	$-113.00M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-31.00M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-11.00M	USD	1 Quarter
Accrued taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$-73.00M	USD	1 Quarter
Accrued taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$-69.00M	USD	1 Quarter
Accrued incentive plan	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-50.00M	USD	1 Quarter
Accrued incentive plan	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-73.00M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$38.00M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$25.00M	USD	1 Quarter
Cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.00M	USD	1 Quarter
Cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$141.00M	USD	1 Quarter
Repayments/repurchases of debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$13.00M	USD	1 Quarter
Repayments/repurchases of debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$10.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.00M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.00M	USD	1 Quarter
Nuclear fuel purchases	`PaymentsForProceedsFromNuclearFuel`	$12.00M	USD	1 Quarter
Nuclear fuel purchases	`PaymentsForProceedsFromNuclearFuel`	$11.00M	USD	1 Quarter
Solar development expenditures	`PaymentsToAcquireProductiveAssets`	-	USD	1 Quarter
Solar development expenditures	`PaymentsToAcquireProductiveAssets`	$21.00M	USD	1 Quarter
Proceeds from sales of nuclear decommissioning trust fund securities	`ProceedsFromDecommissioningFund`	$79.00M	USD	1 Quarter
Proceeds from sales of nuclear decommissioning trust fund securities	`ProceedsFromDecommissioningFund`	$46.00M	USD	1 Quarter
Investments in nuclear decommissioning trust fund securities	`PaymentsToInvestInDecommissioningFund`	$51.00M	USD	1 Quarter
Investments in nuclear decommissioning trust fund securities	`PaymentsToInvestInDecommissioningFund`	$84.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$3.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.00M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$72.00M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-108.00M	USD	1 Quarter
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.66B	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.94B	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.05B	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.59B	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.66B	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.94B	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.05B	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.59B	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Effects related to pension and other retirement benefit obligations (net of tax benefit of $ in all periods)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	-	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$78.00M	USD	1 Quarter
Effects related to pension and other retirement benefit obligations (net of tax benefit of $ in all periods)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	-	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-306.00M	USD	1 Quarter
Effects related to pension and other retirement benefit obligations (net of tax benefit of $ in all periods)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	-	USD	1 Quarter
Effects related to pension and other retirement benefit obligations (net of tax benefit of $ in all periods)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-1.00M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$78.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-305.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.