Company: TVC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001376986-25-000029
Chunk: 196

Company: Tennessee Valley Authority
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 196
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urchases of power bonds(1)(1)Redemptions of debt of variable interest entities (18)(17)Short-term debt issues, net(815)386 Payments on leases and leasebacks(35)(31)Financing costs, net(19)— Other, net2 11 Net cash provided by financing activities1,145 348 Net change in cash, cash equivalents, and restricted cash24 7 Cash, cash equivalents, and restricted cash at beginning of period523 521 Cash, cash equivalents, and restricted cash at end of period$547 $528 Note(1)  Includes amortization of debt issuance costs and premiums/discounts.The accompanying notes are an integral part of these consolidated financial statements.

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TENNESSEE VALLEY AUTHORITY

CONSOLIDATED STATEMENTS OF CHANGES IN PROPRIETARY CAPITAL (Unaudited)

For the Three Months Ended March 31, 2025 and 2024

(in millions)

 Power Program Appropriation Investment Power Program Retained EarningsNonpower Programs Appropriation Investment, NetAccumulatedOtherComprehensiveIncome (Loss)  TotalBalance at December 31, 2023$258 $15,429 $523 $(28)$16,182 Net income (loss)— 309 (2)— 307 Total other comprehensive income— — — 2 2 Return on power program appropriation investment— (2)— — (2)Balance at March 31, 2024$258 $15,736 $521 $(26)$16,489 Balance at December 31, 2024$258 $16,562 $516 $(34)$17,302 Net income (loss)— 410 (2)— 408 Total other comprehensive loss— — — (18)(18)Return on power program appropriation investment— (2)— — (2)Balance at March 31, 2025$258 $16,970 $514 $(52)$17,690 The accompanying notes are an integral part of these consolidated financial statements.

TENNESSEE VALLEY AUTHORITY

CONSOLIDATED STATEMENTS OF CHANGES IN PROPRIETARY CAPITAL (Unaudited)

For the Six Months Ended March 31