Vistra (VST) FY2021 results: revenue $12.1 billion, up 5.5% on the year
Vistra Corp. (VST) reported revenue of $12.1 billion for fiscal 2021, the year ended 31 December 2021, up 5.5% on the year before. Net income was -$1.3 billion, and diluted earnings per share $-2.69. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$12.1 billion
+5.5% on the year
FY2017FY2021
Operating margin
-12.5%
13.3% a year earlier
FY2017FY2021
Net income
-$1.3 billion
FY2017FY2021
Diluted EPS
-$2.69
FY2017FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
-206
3,337
2,736
Capital expenditure
1,033
1,259
713
-18.0%
Free cash flow
-1,239
2,078
2,023
Free cash flow margin
-10.3%
18.2%
17.1%
Cash from investing
-1,153
-1,572
-1,717
Cash from financing
2,274
-1,796
-1,237
Depreciation and amortisation
1,753
1,737
1,640
+0.9%
Share-based compensation
47.0
65.0
47.0
-27.7%
Buybacks
471
0.0
656
Dividends paid
290
266
243
+9.0%
Dividend per share
n/a
n/a
$0.12
Diluted shares, weighted
482m
491m
500m
-1.8%
Shares outstanding at period end
469m
489m
488m
-4.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
8,291
8,371
7,959
-1.0%
Non-controlling interest
1.0
-10.0
1.0
Debt
10,731
9,330
10,729
+15.0%
Operating lease liabilities
38.0
40.0
41.0
-5.0%
Finance lease liabilities
235
206
78.0
+14.1%
Other liabilities
10,387
7,271
7,808
+42.9%
Total liabilities and equity
29,683
25,208
26,616
+17.8%
Fixed assets
13,056
13,499
13,914
-3.3%
Goodwill
2,583
2,583
2,553
0.0%
Intangible assets
2,146
2,446
2,748
-12.3%
Investments
2,049
1,759
1,537
+16.5%
Cash and equivalents
1,325
406
300
+226.4%
Receivables
1,397
1,279
1,365
+9.2%
Inventory
610
515
469
+18.4%
Other assets
6,517
2,721
3,730
+139.5%
Total assets
29,683
25,208
26,616
+17.8%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.