Vistra (VST) FY2023 results: revenue $14.8 billion, up 7.7% on the year
Vistra Corp. (VST) reported revenue of $14.8 billion for fiscal 2023, the year ended 31 December 2023, up 7.7% on the year before. Net income was $1.5 billion, and diluted earnings per share $3.58. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$14.8 billion
+7.7% on the year
FY2017FY2023
Operating margin
18.0%
-8.6% a year earlier
FY2017FY2023
Net income
$1.5 billion
FY2017FY2023
Diluted EPS
$3.58
FY2017FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,453
485
-206
+1,024.3%
Capital expenditure
1,676
1,301
1,033
+28.8%
Free cash flow
3,777
-816
-1,239
Free cash flow margin
25.6%
-5.9%
-10.3%
Cash from investing
-2,145
-1,239
-1,153
Cash from financing
-294
-80.0
2,274
Depreciation and amortisation
1,502
1,596
1,753
-5.9%
Share-based compensation
77.0
63.0
47.0
+22.2%
Buybacks
1,245
1,949
471
-36.1%
Dividends paid
313
302
290
+3.6%
Dividend per share
$0.82
$0.72
n/a
+13.3%
Diluted shares, weighted
375m
422m
482m
-11.2%
Shares outstanding at period end
351m
390m
469m
-9.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
5,307
4,902
8,291
+8.3%
Non-controlling interest
15.0
16.0
1.0
-6.2%
Redeemable equity
0.0
n/a
n/a
Short-term borrowings
0.0
n/a
n/a
Debt
14,402
12,621
10,731
+14.1%
Operating lease liabilities
48.0
45.0
38.0
+6.7%
Finance lease liabilities
227
237
235
-4.2%
Other liabilities
12,967
14,966
10,387
-13.4%
Total liabilities and equity
32,966
32,787
29,683
+0.5%
Fixed assets
12,432
12,554
13,056
-1.0%
Goodwill
2,583
2,583
2,583
0.0%
Intangible assets
1,864
1,958
2,146
-4.8%
Investments
2,035
1,729
2,049
+17.7%
Cash and equivalents
3,485
455
1,325
+665.9%
Receivables
1,674
2,059
1,397
-18.7%
Inventory
740
570
610
+29.8%
Other assets
8,153
10,879
6,517
-25.1%
Total assets
32,966
32,787
29,683
+0.5%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.