VISTRA ENERGY CORP. SELECTED CONSOLIDATED FINANCIAL INFORMATION (Millions of Dollars, Except Per Share Amounts and Ratios
Successor
Predecessor
Year Ended December 31, 2018 (a)
Year Ended December 31, 2017
Period from October 3, 2016 through December 31, 2016
Period from January 1, 2016 through October 2, 2016
Year Ended December 31,
2015
2014
Operating revenues
$
9,144
$
5,430
$
1,191
$
3,973
$
5,370
$
5,978
Impairment of goodwill
$
—
$
—
$
—
$
—
$
(2,200
)
$
(1,600
)
Impairment of long-lived assets
$
—
$
(25
)
$
—
$
—
$
(2,541
)
$
(4,670
)
Operating income (loss)
$
491
$
198
$
(161
)
$
568
$
(4,091
)
$
(6,015
)
Net income (loss) attributable to Vistra Energy/the Predecessor (b)
$
(54
)
$
(254
)
$
(163
)
$
22,851
$
(4,677
)
$
(6,229
)
Cash provided by (used in) operating activities
$
1,471
$
1,386
$
81
$
(238
)
$
237
$
444
Net loss per weighted average share of common stock outstanding — basic
$
(0.11
)
$
(0.59
)
$
(0.38
)
Net loss per weighted average share of common stock outstanding — diluted
$
(0.11
)
$
(0.59
)
$
(0.38
)
Dividend declared per share of common stock
$
—
$
—
$
2.32
Successor
Predecessor
At December 31,
At December 31,
2018
2017
2016
2015
2014
Balance Sheet Information:
Total assets (c)(d)
$
26,024
$
14,600
$
15,167
$
15,658
$
21,343
Property, plant and equipment — net (c)(d)
$
14,612
$
4,820
$
4,443
$
9,349
$
12,288
Goodwill and intangible assets (e)
$
4,561
$
4,437
$
5,112
$
1,331
$
3,688
Long-term debt including current maturities (e)
$
11,065
$
4,423
$
4,623
$
19
$
73
Borrowings under debtor-in-possession credit facility
$
—
$
—
$
—
$
1,425
$
1,425
Pre-Petition notes, loans and other debt reported as liabilities subject to compromise (e)
$
—
$
—
$
—
$
31,668
$
31,856
Total stockholders' equity/membership interests
$
7,863
$
6,342
$
6,597
$
(22,884
)
$
(18,209
)
(a)
For the year ended December 31, 2018, reflects the results of operations acquired in the Merger.
(b)
For the Predecessor period from January 1, 2016 through October 2, 2016, net income includes net gains totaling $22.121 billion related to bankruptcy-related reorganization items including gains on extinguishing claims pursuant to the Plan of Reorganization (see Notes 5 and 7 to the Financial Statements).
(c)
At December 31, 2018, includes assets acquired in the Merger.
(d)
Reflects the impacts of impairment charges related to long-lived assets of $2.541 billion and $4.670 billion in the years ended December 31, 2015 and 2014, respectively (see Note 4 to the Financial Statements).
(e)
As of December 31, 2015 and 2014, includes both unsecured and under secured obligations incurred prior to the Petition Date, but excludes pre-petition obligations that were fully secured and other obligations that were allowed to be paid as ordered by the Bankruptcy Court. As of December 31, 2014, also excludes $702 million of deferred debt issuance and extension costs.
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