Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 60

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 6
Chunk 60
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gain) reclassified to earnings from cash flow hedges(3)(48)(42)Total other comprehensive income (loss)(2)(23)57 Total comprehensive income$1,358 $1,112 $557 The accompanying notes are an integral part of these consolidated financial statements.

86

TENNESSEE VALLEY AUTHORITY

 CONSOLIDATED STATEMENTS OF CASH FLOWS 

 For the years ended September 30 

 (in millions)

 202520242023Cash flows from operating activities   Net income$1,360 $1,135 $500 Adjustments to reconcile net income to net cash provided by operating activities   Depreciation and amortization(1)2,293 2,160 2,235 Amortization of nuclear fuel cost308 364 371 Non-cash retirement benefit expense148 138 241 Other regulatory amortization and deferrals63 (71)31 Changes in current assets and liabilities  Accounts receivable, net(209)(16)301 Inventories and other current assets, net(56)(70)(83)Accounts payable and accrued liabilities61 44 (1)Accrued interest67 8 (1)Pension contributions(310)(304)(306)Settlements of asset retirement obligations(258)(283)(327)Other, net(143)(102)(89)Net cash provided by operating activities3,324 3,003 2,872 Cash flows from investing activities   Construction expenditures(4,457)(3,281)(2,526)Nuclear fuel expenditures(224)(294)(273)Acquisition of leasehold interests in combustion turbine assets— — (155)Purchases of investments(48)(52)(51)Loans and other receivables  Advances— (4)(7)Repayments12 6 8 Other, net56 34 10 Net cash used in investing activities(4,661)(3,591)(2,994)Cash flows from financing activities   Long-term debt   Issues of power bonds3,967 991 992 Proceeds from variable interest entities800 — — Redemptions and repurchases of power bonds(1,022)(1,022)(29)Redemptions of debt of variable interest entities(41)(35)(39)Short-term debt issues (redemptions), net(1,166)