Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 83

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 8
Chunk 83
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(1,166)734 (740)Payments on leases and leasebacks(82)(76)(56)Financing costs, net(30)(5)(4)Other, net(15)3 (1)Net cash provided by financing activities2,411 590 123 Net change in cash, cash equivalents, and restricted cash1,074 2 1 Cash, cash equivalents, and restricted cash at beginning of year523 521 520 Cash, cash equivalents, and restricted cash at end of year$1,597 $523 $521 Note(1)  Including amortization of debt issuance costs and premiums/discounts.The accompanying notes are an integral part of these consolidated financial statements.

87

TENNESSEE VALLEY AUTHORITY

CONSOLIDATED STATEMENTS OF CHANGES IN PROPRIETARY CAPITAL 

For the years ended September 30 

(in millions)

 Power Program Appropriation Investment Power Program Retained EarningsNonpower Programs Appropriation Investment, NetAccumulated Other Comprehensive Loss  TotalBalance at September 30, 2022$258 $14,800 $533 $(86)$15,505 Net income (loss)— 508 (8)— 500 Total other comprehensive income— — — 57 57 Return on power program appropriation investment— (6)— — (6)Balance at September 30, 2023$258 $15,302 $525 $(29)$16,056 Net income (loss)— 1,142 (7)— 1,135 Total other comprehensive (loss) — — — (23)(23)Return on power program appropriation investment— (7)— — (7)Balance at September 30, 2024$258 $16,437 $518 $(52)$17,161 Net income (loss)— 1,368 (8)— 1,360 Total other comprehensive (loss) — — — (2)(2)Return on power program appropriation investment— (8)— — (8)Balance at September 30, 2025$258 $17,797 $510 $(54)$18,511 The accompanying notes are an integral part of these consolidated financial statements.

88

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

(Dollars in millions except where noted)

NotePage No