The company said net income attributable to Vistra common stock for the year ended 2023 rose to $1.5 billion from a net loss of $1.2 billion in 2022, an increase of $2.6 billion. Operating income increased $3.838 billion to $2.661 billion. The year ended 2023 included a pre-tax unrealized mark-to-market gain of $490 million on hedging derivatives.

1. 01

   The company said net income attributable to Vistra common stock for the year ended 2023 rose to $1.5 billion from a net loss of $1.2 billion in 2022, an increase of $2.6 billion. Operating income increased $3.838 billion to $2.661 billion. The year ended 2023 included a pre-tax unrealized mark-to-market gain of $490 million on hedging derivatives.

2. 02

   The company said operating cash flow totaled $5.453 billion in 2023, up $4.968 billion from $485 million in 2022. It cited a decrease in net margin deposits (return of cash) of $1.899 billion as the main driver. It also said net margin deposits increased $1.874 billion in 2022.

3. 03

   The company said it entered into a Transaction Agreement with Energy Harbor on March 6, 2023. It said it received FERC approval on February 16, 2024, which was the last required regulatory approval, and expects to close the transaction on March 1, 2024. The company said closing will require about $3.1 billion in cash.

4. 04

   The company said on December 29, 2023 it repurchased about 74% of the TRA Rights at $1.50 per right, for a total of about $476 million, and issued Series C Preferred Stock to the selling holders in exchange. It said that as of the Early Tender Date, February 13, 2024, it had repurchased an aggregate 98% of the original TRA Rights, and 10,430,083 TRA Rights remained outstanding.

Key figures

Fiscal year ended December 31, 2023

Revenue

$13.8B

Operating income

$2.7B

Net income

$1.5B

EPS

$3.58

Operating cash flow

$5.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.