← Tennessee Valley Authority

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $1.2b $685.0m $1.1b $1.4b $1.4b $1.5b $1.1b $500.0m $1.1b $1.4b
Depreciation and amortization $139.0m $104.0m $48.0m $566.0m — — — — — —
Capitalized Computer Software, Amortization $43.0m $26.0m $32.0m $38.0m $42.0m $38.0m — — — —
Depreciation $1.4b $1.3b $1.3b $1.8b $1.6b $1.4b $1.8b $1.9b $1.8b $1.9b
Depreciation, Amortization and Accretion, Net $1.9b $1.8b $2.6b $2.0b $1.8b $1.6b $2.1b $2.2b $2.2b $2.3b
Gain (Loss) on Disposition of Assets — — ($15.0m) $5.0m — — — — — —
Other Nonoperating Income (Expense) $43.0m $56.0m $50.0m $62.0m $36.0m $13.0m $7.0m $61.0m $71.0m $92.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $83.0m ($230.0m) $68.0m $40.0m ($259.0m) ($18.0m) $412.0m ($301.0m) $16.0m $209.0m
Increase (Decrease) in Inventories ($50.0m) ($1.0m) ($65.0m) $87.0m $12.0m $42.0m $163.0m $83.0m $70.0m $56.0m
Foreign Currency Transaction Gain (Loss), before Tax $150.0m $125.0m $147.0m $191.0m $80.0m $58.0m $150.0m — — —
Foreign Currency Transaction Gain (Loss), Unrealized — — — — $153.0m $58.0m $150.0m $109.0m $62.0m $59.0m
Gain (Loss) on Investments $7.0m $9.0m $6.0m $3.0m $9.0m $16.0m ($17.0m) $13.0m $23.0m $14.0m
Operating Expenses $8.3b $8.8b $8.9b $8.5b $7.5b $7.7b $10.1b $10.4b $10.1b $11.1b
Payments of Financing Costs $0 $4.0m $3.0m $0 $4.0m $2.0m $3.0m $4.0m $5.0m $30.0m
Unrealized Gain (Loss) on Derivatives $0 $0 $0 $0 $0 $0 $0 $0 — —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax ($129.0m) $26.0m ($26.0m) $45.0m ($38.0m) — — — — —
Net Cash Provided by (Used in) Operating Activities $3.0b $2.7b $4.0b $3.7b $3.6b $3.3b $2.9b $2.9b $3.0b $3.3b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $2.7b $2.2b $1.8b $1.7b $1.6b $2.0b $2.4b $2.5b $3.3b $4.5b
Payments to Acquire Businesses, Net of Cash Acquired $0 $0 — — — — — — — —
Payments to Acquire Investments $50.0m $49.0m $49.0m $48.0m $49.0m $50.0m $51.0m $51.0m — —
Payments for (Proceeds from) Other Investing Activities $50.0m $26.0m ($4.0m) $22.0m ($20.0m) ($27.0m) ($26.0m) ($10.0m) ($34.0m) ($56.0m)
Net Cash Provided by (Used in) Investing Activities ($3.1b) ($2.5b) ($2.3b) ($2.2b) ($2.0b) ($2.3b) ($2.7b) ($3.0b) ($3.6b) ($4.7b)
Cash flows from financing activities:
Proceeds from (Payments for) Other Financing Activities ($25.0m) ($17.0m) ($4.0m) ($21.0m) ($6.0m) $9.0m $0 ($1.0m) $3.0m ($15.0m)
Net Cash Provided by (Used in) Financing Activities $71.0m ($200.0m) ($1.7b) ($1.5b) ($1.4b) ($921.0m) ($283.0m) $123.0m $590.0m $2.4b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $0 $199.0m ($3.0m) $2.0m $1.0m $2.0m $1.1b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $322.0m $322.0m $521.0m $518.0m $520.0m $521.0m $523.0m $1.6b
Cash, Cash Equivalents, and Short-term Investments — — — $299.0m — — — $270.0m $278.0m $274.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — $1.1b — — $1.1b $1.1b $1.1b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.