Tennessee Valley Authority (TVC) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — TVC

Balance Sheet

(in billions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	1.42	0.50	0.50	0.50	0.50	0.51	0.50	0.51	0.50	0.50	0.50	0.50	0.50	0.50	0.51	0.50	0.50	0.51
Accounts Receivable	2.17	1.97	1.93	1.89	1.74	1.71	1.68	1.45	1.59	1.60	1.51	1.75	1.75	1.35	1.38	1.47	1.28	1.37
Inventory	1.26	1.21	1.23	1.18	1.18	1.20	1.19	1.13	1.18	1.19	1.18	1.21	1.01	0.99	1.02	1.01	1.01	1.06
Total Current Assets	5.43	4.38	4.01	3.89	3.93	3.71	3.69	3.47	3.68	3.69	3.75	4.00	3.92	3.26	3.25	3.29	3.08	3.14
Property, Plant & Equipment	--	--	41.22	40.96	40.48	39.92	38.51	38.17	37.98	37.16	37.02	36.99	36.64	36.57	36.46	36.09	35.95	35.60
Total Non-current Assets*	56.21	55.56	55.50	55.99	55.38	54.66	52.51	48.87	48.57	47.53	47.38	47.31	48.75	48.90	49.03	49.73	49.41	49.42
Total Assets	61.64	59.94	59.52	59.89	59.31	58.36	56.20	52.34	52.25	51.21	51.14	51.31	52.68	52.16	52.28	53.02	52.48	52.56
Accounts Payable	3.15	2.89	2.77	2.98	2.91	2.78	2.71	2.47	2.45	2.43	2.25	2.36	2.38	2.05	1.90	1.93	1.79	1.67
Short-term Debt	1.60	2.42	1.24	1.74	2.77	3.78	3.17	1.88	2.10	0.72	0.57	1.62	1.03	0.68	1.07	1.60	1.24	0.11
Total Current Liabilities	5.60	6.19	4.88	5.55	6.62	7.33	6.60	5.15	5.35	3.95	3.68	4.87	5.38	4.79	4.83	4.41	4.17	4.61
Long-term Debt	22.99	21.07	22.09	20.88	19.39	18.16	17.76	18.78	18.80	19.81	19.82	18.83	18.37	18.43	18.47	19.00	19.02	19.04
Total Non-current Liabilities	--	--	--	--	--	--	--	--	--	11.85	11.96	11.97	13.99	14.24	14.50	15.73	15.65	15.75

* Derived from reported values

Income Statement

(in billions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Total Revenue	--	--	--	--	--	--	--	--	--	5.92	--	3.38	2.70	2.96	3.02	4.10	2.97	2.88	2.58	3.10
Total Operating Expenses	2.83	2.83	2.50	2.99	2.79	2.82	2.51	2.72	--	--	--	2.67	2.46	2.61	2.62	3.14	2.38	2.35	2.26	2.15
Operating Income	0.61	0.71	0.55	0.92	0.52	0.72	0.41	0.80	0.46	0.58	0.39	0.71	0.24	0.35	0.40	0.96	0.59	0.54	0.33	0.96
Net Income	0.31	0.39	0.27	0.62	0.21	0.41	0.13	0.52	0.18	0.31	0.13	0.41	(0.06)	0.05	0.10	0.63	0.26	0.21	0.01	0.60

Cash Flow Statement

(in billions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Operating Cash Flow	0.78	0.78	0.33	1.25	0.62	1.01	0.45	1.06	0.51	1.04	0.39	1.10	0.62	0.72	0.44	1.11	0.38	0.97	0.49	1.03
Capital Expenditures	0.88	0.85	1.14	1.01	1.05	1.19	1.21	0.90	0.76	0.76	0.86	0.70	0.63	0.59	0.61	0.59	0.63	0.53	0.61	0.49
Free Cash Flow*	(0.10)	(0.08)	(0.81)	0.23	(0.43)	(0.18)	(0.76)	0.16	(0.25)	0.28	(0.47)	0.40	-0.00	0.12	(0.17)	0.53	(0.26)	0.44	(0.12)	0.54
Investing Cash Flow	(0.88)	(0.91)	(1.21)	(1.03)	(1.05)	(1.20)	(1.38)	(1.04)	(0.77)	(0.77)	(1.00)	(0.76)	(0.74)	(0.62)	(0.88)	(0.68)	(0.69)	(0.56)	(0.73)	(0.64)
Financing Cash Flow	1.09	0.14	(0.20)	0.86	0.41	0.19	0.96	(0.02)	0.26	(0.26)	0.61	(0.33)	0.12	(0.09)	0.44	(0.43)	0.31	(0.41)	0.25	(0.39)

* Derived from reported values