For the quarter ending 2025-12-31, TVC had -$1,074M decrease in cash & cash equivalents over the period. $552M in free cash flow.
| Cash Flow | 2025-12-31 | 2025-06-30 |
|---|---|---|
| Net income (loss) | -479 | 745 |
| Depreciation and amortization (including amortization of debt issuance costs and premiums/discounts) | -1,130 | 1,707 |
| Amortization of nuclear fuel cost | -118 | 208 |
| Non-cash retirement benefit expense | -81 | 112 |
| Reg asset amortization | 21 | 38 |
| Accounts receivable, net | -287 | 76 |
| Inventories and other current assets, net | 2 | 67 |
| Accounts payable and accrued liabilities | -427 | 3 |
| Accrued interest | -44 | 31 |
| Pension contributions | -160 | 235 |
| Asset retirement obligation, cash paid to settle | -106 | 190 |
| Other, net | -3 | 124 |
| Net cash provided by operating activities | -1,746 | 2,076 |
| Construction expenditures | -2,298 | 3,442 |
| Advances | - | 0 |
| Nuclear fuel expenditures | -57 | 198 |
| Payments to acquire assets, investing activities | 0 | 4 |
| Repayments | -9 | 10 |
| Other, net | -74 | -6 |
| Proceeds from issuance of unsecured debt | - | 2,722 |
| Net cash used in investing activities | 2,420 | -3,628 |
| Proceeds from issuance of debt | -800 | 800 |
| Redemptions and repurchases of power bonds | 328 | 1,022 |
| Repayments of other long-term debt | -18 | 23 |
| Short-term debt issues (redemptions), net | 2,018 | -847 |
| Finance lease, principal payments | -37 | 50 |
| Payments of financing costs | -25 | 25 |
| Other, net | 4 | -4 |
| Net cash provided by (used in) financing activities | -1,748 | 1,551 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, period increase (decrease), including exchange rate effect | -1,074 | -1 |
| Cash and cash equivalents at beginning of period | 1,597 | - |
| Cash and cash equivalents at end of period | 522 | - |
Tennessee Valley Authority (TVC)
Tennessee Valley Authority (TVC)