For the quarter ending 2026-03-31, TLN had $275M increase in cash & cash equivalents over the period. $419M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 63 | -363 | 207 | -63 |
| Commodity contracts | -154 | -52 | 36 | - |
| Interest rate swap contracts (interest expense) | 2 | -1 | -1 | - |
| Unrealized (gains) losses on derivative instruments (note 2) | -152 | -53 | 35 | -103 |
| Depreciation, amortization and accretion | 92 | 74 | 61 | - |
| Amortization of acquired fuel supply contract liabilities | -29 | - | - | - |
| Other | -3 | 3 | -6 | - |
| Depreciation, amortization and accretion (note 16) | 66 | 71 | 67 | 141 |
| Nuclear decommissioning trust funds (gain) loss, net (excluding interest and fees) (note 6) | -35 | 20 | 68 | 44 |
| Nuclear fuel amortization (note 7) | 24 | 26 | 27 | 44 |
| (gain) loss on sales of assets, net (note 17) | - | 0 | 36 | - |
| (gain) loss on aws data campus sale and ercot sale (note 17) | - | 0 | 0 | 0 |
| Reorganization (income) expense, net (note 20) | - | 0 | - | - |
| Deferred income taxes | 5 | 76 | 110 | -66 |
| Impairments (note 7) | - | 0 | - | - |
| Stock-based compensation (note 13) | -1 | 484 | - | - |
| Other (note 16) | -4 | 29 | -46 | -34 |
| Accounts receivable | -38 | -13 | -46 | 103 |
| Inventory, net | -34 | 6 | 43 | -78 |
| Other assets | -19 | 20 | -187 | -15 |
| Accounts payable and accrued liabilities | -23 | 43 | -34 | -57 |
| Accrued interest | 66 | 6 | 24 | 12 |
| Collateral received (posted), net | -8 | -26 | 51 | -58 |
| Other liabilities | -13 | -70 | -60 | -101 |
| Net cash provided by (used in) operating activities | 461 | 280 | 489 | -65 |
| Proceeds from the sale of assets | - | 0 | 40 | - |
| Freedom and guernsey acquisitions, net (note 17) | - | 3,793 | - | - |
| Proceeds from aws data campus sale and ercot sale (note 17) | - | 0 | 0 | 0 |
| Nuclear decommissioning trust funds investment purchases (note 6) | 112 | 110 | 651 | 1,201 |
| Nuclear decommissioning trust funds investment sale proceeds (note 6) | 99 | 100 | 641 | 1,186 |
| Property, plant and equipment expenditures (note 7) | 42 | 26 | 21 | 51 |
| Nuclear fuel expenditures (note 7) | 27 | 14 | 44 | 50 |
| Other | -10 | 4 | 7 | -2 |
| Net cash provided by (used in) investing activities | -72 | -3,847 | -42 | -114 |
| Revolving credit facility borrowings (note 10) | 500 | 0 | 0 | 75 |
| Debt issuances (note 10) | - | 3,890 | - | - |
| Revolving credit facility repayments (note 10) | 500 | 0 | 70 | 5 |
| Share repurchases (note 15) | 100 | 0 | 0 | 103 |
| Debt repayments (note 10) | 7 | 4 | 4 | 9 |
| Cumulus digital tlf repayment | - | 0 | 0 | 0 |
| Repurchase of noncontrolling interest | - | 0 | 0 | 0 |
| Cash settlement of restricted stock units | - | 0 | 0 | 0 |
| Exercise or repurchase of warrants | - | 0 | - | - |
| Lmbe-mc tlb payments | - | 0 | - | - |
| Tlb-1 proceeds, net | - | 0 | - | - |
| Repayment of prepetition secured indebtedness | - | 0 | - | - |
| Financing proceeds at emergence, net of discount | - | 0 | - | - |
| Contributions from member | - | 0 | - | - |
| Payment of claims under other prepetition secured indebtedness | - | 0 | - | - |
| Derivatives with financing elements | - | 0 | - | - |
| Deferred financing costs | 3 | 60 | 20 | 9 |
| Other | -4 | -4 | 9 | 0 |
| Net cash provided by (used in) financing activities | -114 | 3,822 | -85 | -51 |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | 275 | 255 | 362 | -230 |
| Beginning of period cash and cash equivalents and restricted cash and cash equivalents | 752 | -132 | 365 | - |
| End of period cash and cash equivalents and restricted cash and cash equivalents | 1,027 | 255 | 497 | - |
Talen Energy Corp (TLN)
Talen Energy Corp (TLN)