Tennessee Valley Authority TVE

Utilities SIC 4911 - Electric Services NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

BUSINESS..........................................................................................................................................................................................................................................

The Corporation.................................................................................................................................................................................................................................

Service Area.......................................................................................................................................................................................................................................

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Last close 23.22 2026-10-23

Market cap —

52-week range 22.83 - 24.73

Valuation FY2026 figures against the last close

P/S—

P/E—

P/FCF—

EV/EBITDA—

Dividend yield—

Diluted EPS—

Annual financial statements

Income statement

Fiscal year	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Revenue	—	—	—	$12.05B	$12.54B	$10.50B	$10.25B	$11.32B	$11.23B	$10.74B
Total operating expenses	—	$11.10B	$10.09B	$10.36B	$10.13B	$7.66B	$7.54B	$8.51B	$8.66B	$8.01B
Operating income	—	$2.57B	$2.23B	$1.69B	$2.41B	$2.85B	$2.71B	$2.81B	$2.57B	$2.73B
Interest expense	—	—	—	—	—	—	—	—	$1.24B	$1.35B
Net income	—	$1.36B	$1.14B	$500.0M	$1.11B	$1.51B	$1.35B	$1.42B	$1.12B	$685.0M

Balance sheet

Fiscal year	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Cash and equivalents	—	$1.58B	$502.0M	$521.0M	$520.0M	$518.0M	$521.0M	$322.0M	$322.0M	$311.0M
Receivables	—	$2.12B	$1.80B	$1.75B	$2.01B	$1.57B	$1.53B	$1.74B	$1.66B	$1.57B
Inventory	—	$1.19B	$1.16B	$1.11B	$1.07B	$950.0M	$1.00B	$999.0M	$961.0M	$1.06B
Total current assets	—	$5.18B	$3.77B	$3.67B	$3.97B	$3.50B	$3.25B	$3.28B	$3.42B	$3.45B
Property, plant and equipment	—	$41.47B	$39.06B	$37.48B	$36.86B	$36.46B	$35.58B	$35.13B	$35.41B	$34.95B
Total assets	—	$60.88B	$57.70B	$51.34B	$51.19B	$52.46B	$52.83B	$50.47B	$48.67B	$50.02B
Accounts payable	—	$3.30B	$2.91B	$2.62B	$2.47B	$2.21B	$1.84B	$1.65B	$1.98B	$1.94B
Short-term debt	$0	$0	$1.17B	$432.0M	$29.0M	$1.03B	$1.79B	$1.03B	$1.22B	$2.00B
Total current liabilities	—	$5.61B	$5.87B	$4.87B	$4.64B	$4.98B	$4.71B	$4.31B	$4.85B	$6.40B
Long-term debt	—	$22.09B	$18.76B	$18.78B	$18.79B	$18.46B	$19.00B	$20.18B	$21.31B	$21.44B
Total liabilities	—	—	—	—	—	—	$39.89B	$38.84B	$38.38B	$40.88B

Cash flow

Fiscal year	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Operating cash flow	—	$3.32B	$3.00B	$2.87B	$2.95B	$3.26B	$3.64B	$3.72B	$3.94B	$2.73B
Depreciation and amortisation	—	$2.29B	$2.16B	$2.23B	$2.08B	$1.55B	$1.85B	$1.99B	$2.55B	$1.76B
Capital expenditure	—	$4.46B	$3.28B	$2.53B	$2.36B	$1.96B	$1.64B	$1.70B	$1.76B	$2.15B
Investing cash flow	—	-$4.66B	-$3.59B	-$2.99B	-$2.66B	-$2.34B	-$2.02B	-$2.24B	-$2.27B	-$2.54B
Financing cash flow	—	$2.41B	$590.0M	$123.0M	-$283.0M	-$921.0M	-$1.42B	-$1.48B	-$1.66B	-$191.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001376986-20-000030.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)

Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity

Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks

Revenue
Gross profit
Net income

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$10.74B	$11.23B	$11.32B	$10.25B	$10.50B	$12.54B	$12.05B	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Net income	$685.0M	$1.12B	$1.42B	$1.35B	$1.51B	$1.11B	$500.0M	$1.14B	$1.36B	—

Recent filings and events

2026-08-25 Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
2026-07-15 Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
2026-07-15 New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
2026-05-28 Material agreement signed Item 1.01
2026-05-28 New debt or obligation Item 2.03
2026-05-28 Officer or director change Item 5.02
2026-04-24 Officer or director change Item 5.02
2026-04-13 Officer or director change Item 5.02
2026-04-06 Officer or director change Item 5.02
2026-03-05 Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
2026-03-02 Officer or director change Item 5.02
2026-02-12 Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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