Vistra (VST) Q2 FY2024 earnings: revenue $3.8 billion, up 20.6% on the year
Vistra Corp. (VST) reported revenue of $3.8 billion for Q2 FY2024, the quarter ended 30 June 2024, up 20.6% on the same quarter a year earlier. Net income was $365 million, down 23.3% on the year, and diluted earnings per share $0.90. The figures are the company's own, from the 10-Q it filed with the SEC on 9 August 2024.
Revenue
$3.8 billion
+20.6% on the year · +25.9% on the quarter
Q3 FY2022Q2 FY2024
Operating margin
21.0%
18.5% a year earlier
Q3 FY2022Q2 FY2024
Net income
$365 million
-23.3% on the year
Q3 FY2022Q2 FY2024
Diluted EPS
$0.90
-23.1% on the year
Q3 FY2022Q2 FY2024
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q2 FY2024
Q1 FY2024
Q2 FY2023
On the quarter
On the year
Last 8 quarters
Revenue
3,845
3,054
3,189
+25.9%
+20.6%
Selling, general and administrative
375
351
309
+6.8%
+21.4%
Operating income
808
86.0
591
+839.5%
+36.7%
Operating margin
21.0%
2.8%
18.5%
Interest expense
241
170
100
+41.8%
+141.0%
Pre-tax income
626
-2.0
599
+4.5%
Income tax
159
-20.0
123
+29.3%
Effective tax rate
25.4%
n/a
20.5%
Net income
365
-35.0
476
-23.3%
Net margin
9.5%
-1.1%
14.9%
Diluted EPS
$0.90
-$0.24
$1.17
-23.1%
$ 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
Q2 FY2024
Q1 FY2024
Q2 FY2023
On the quarter
On the year
Last 8 quarters
Operating cash flow
1,196
312
1,577
+283.3%
-24.2%
Capital expenditure
498
465
442
+7.1%
+12.7%
Free cash flow
698
-153
1,135
-38.5%
Free cash flow margin
18.2%
-5.0%
35.6%
Cash from investing
-669
-3,528
-454
Cash from financing
18.0
793
-998
-97.7%
Depreciation and amortisation
437
403
369
+8.4%
+18.4%
Share-based compensation
32.0
21.0
21.0
+52.4%
+52.4%
Buybacks
331
291
251
+13.7%
+31.9%
Dividends paid
73.0
77.0
76.0
-5.2%
-3.9%
Dividend per share
$0.22
$0.21
n/a
+1.2%
Diluted shares, weighted
354m
349m
377m
+1.5%
-6.0%
Shares outstanding at period end
345m
349m
370m
-1.0%
-6.6%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q2 FY2024
Q1 FY2024
Q2 FY2023
On the quarter
On the year
Last 8 quarters
Shareholders' equity
5,593
5,656
5,359
-1.1%
+4.4%
Non-controlling interest
1,714
1,628
15.0
+5.3%
+11,326.7%
Short-term borrowings
0.0
n/a
n/a
Debt
15,886
15,247
11,967
+4.2%
+32.7%
Operating lease liabilities
63.0
56.0
49.0
+12.5%
+28.6%
Finance lease liabilities
228
231
232
-1.3%
-1.7%
Other liabilities
15,641
15,360
12,850
+1.8%
+21.7%
Total liabilities and equity
39,125
38,178
30,472
+2.5%
+28.4%
Fixed assets
18,208
18,014
12,537
+1.1%
+45.2%
Goodwill
2,922
2,877
2,583
+1.6%
+13.1%
Intangible assets
2,263
2,278
1,912
-0.7%
+18.4%
Investments
4,310
4,219
1,915
+2.2%
+125.1%
Cash and equivalents
1,624
1,070
643
+51.8%
+152.6%
Receivables
2,094
1,729
1,681
+21.1%
+24.6%
Inventory
964
976
676
-1.2%
+42.6%
Other assets
6,740
7,015
8,525
-3.9%
-20.9%
Total assets
39,125
38,178
30,472
+2.5%
+28.4%
Questions
What was Vistra's revenue in Q2 FY2024?
Vistra (VST) reported revenue of $3.8 billion for Q2 FY2024, the quarter ended 30 June 2024, up 20.6% on the same quarter a year earlier.
How much did Vistra earn in Q2 FY2024?
Net income for Q2 FY2024 was $365 million, down 23.3% on the year, and diluted earnings per share $0.90.
When did Vistra report Q2 FY2024 results?
Vistra filed its 10-Q for the quarter ended 30 June 2024 with the SEC on 9 August 2024.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 June 2024, filed 9 August 2024: the filing.