Tennessee Valley Authority (TVC) financial statements (2021 and earlier)

Company profile

Business Address 400 WEST SUMMIT HILL DRIVE
KNOXVILLE, TN 37902
State of Incorp.
Fiscal Year End September 30
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments509500299299300300
Cash and cash equivalents509500299299300300
Restricted cash and investments   13  
Receivables1,3681,5291,7391,6571,5691,747
Inventory, net of allowances, customer advances and progress billings1,0641,0039999611,065993
Inventory1,0641,0039999611,065993
Regulatory current assets119130156414447536
Other current assets848485866568
Total current assets:3,1443,2463,2783,4303,4463,644
Noncurrent Assets
Property, plant and equipment35,59935,57935,13335,41434,94734,043
Long-term investments and receivables3,5873,1982,9682,8622,6022,257
Long-term investments3,5873,1982,9682,8622,6032,257
Accounts and financing receivable, after allowance for credit loss    (1) 
Regulated entity, other noncurrent assets10,23310,8029,0886,9619,02110,550
Other undisclosed noncurrent assets    1 
Total noncurrent assets:49,41949,57947,18945,23746,57146,850
TOTAL ASSETS:52,56352,82550,46748,66750,01750,494
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6721,8441,8121,9821,9402,163
Interest and dividends payable295298296305346363
Other undisclosed accounts payable and accrued liabilities1,3771,5461,5161,6771,5941,800
Debt1,9551,8441,9522,2863,7633,020
Regulatory liability128141150187163154
Asset retirement obligation345345   212
Deferred revenue and credits100100
Other undisclosed current liabilities514537398399435213
Total current liabilities:4,6144,7114,3124,8546,4015,862
Noncurrent Liabilities
Long-term debt and lease obligation19,557  263302409
Long-term debt, excluding current maturities19,037     
Capital lease obligations263302409
Operating lease, liability520  
Liabilities, other than long-term debt15,22115,62814,12411,96012,74313,655
Deferred revenue and credits10110
Asset retirement obligations6,4426,4405,4534,6654,1763,840
Liability, pension and other postretirement and postemployment benefits6,4966,6176,1814,4765,4776,929
Regulatory liability1323 10425 
Other liabilities2,2702,5482,4902,7153,0552,776
Other undisclosed noncurrent liabilities(19,033)550223   
Total noncurrent liabilities:15,74516,17814,34712,22313,04514,064
Other undisclosed liabilities 19,00420,18321,30721,43822,148
Total liabilities:20,35939,89338,84238,38440,88442,074
Stockholders' equity
Stockholders' equity attributable to parent5(51)(12)5721(12)
Accumulated other comprehensive income (loss)5(51)(12)5721(12)
Total stockholders' equity:5(51)(12)5721(12)
TOTAL LIABILITIES AND EQUITY:20,36439,84238,83038,44140,90542,062

Income statement (P&L) ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenue, net10,73910,616
Gross profit:9,97510,24911,31811,23310,73910,616
Operating expenses(7,281)(7,538)(8,507)(8,921)(8,764)(8,290)
Operating income:2,6942,7112,8112,3121,9752,326
Nonoperating income3936625056278
Public utilities, allowance for funds used during construction, additions     235
Other nonoperating income393662505643
Interest and debt expense(1,136)(1,142)(1,198)(1,243)(1,346)(1,371)
Net income:1,5971,6051,6751,1196851,233
Other undisclosed net loss attributable to parent(253)(253)(258)   
Net income available to common stockholders, diluted:1,3441,3521,4171,1196851,233

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income:1,5971,6051,6751,1196851,233
Other comprehensive income (loss) (39)(69)3633(10)
Comprehensive income:1,5971,5661,6061,1557181,223
Other undisclosed comprehensive loss, net of tax, attributable to parent(253)(253)(258)   
Comprehensive income, net of tax, attributable to parent:1,3441,3131,3481,1557181,223

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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