Tennessee Valley Authority (TVC) financial statements (2020 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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3042992993003002,300
Cash and cash equivalents304299299300300300
Short-term investments     2,000
Restricted cash and investments  13  15
Receivables1,4271,7391,6571,5691,7471,692
Inventory, net of allowances, customer advances and progress billings1,0529999611,0659931,031
Inventory1,0529999611,0659931,031
Regulatory current assets159156414447536506
Other current assets1098586656854
Other undisclosed current assets     (2,092)
Total current assets:3,0513,2783,4303,4463,6443,506
Noncurrent Assets
Property, plant and equipment35,04935,13335,41434,94734,04332,407
Long-term investments and receivables, including:3,1632,9682,8622,6022,257117
Long-term investments3,1632,9682,8622,6032,2572,011
Accounts and financing receivable, after allowance for credit loss   (1) (8)
Other undisclosed long-term investments and receivables     (1,886)
Regulated entity, other noncurrent assets8,9369,0886,9619,02110,55010,901
Other noncurrent assets     483
Other undisclosed noncurrent assets   1 1,411
Total noncurrent assets:47,14847,18945,23746,57146,85045,319
TOTAL ASSETS:50,19950,46748,66750,01750,49448,825
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6681,8121,9821,9402,1632,127
Interest and dividends payable303296305346363366
Other undisclosed accounts payable and accrued liabilities1,3651,5161,6771,5941,8001,761
Debt2,0631,9522,2863,7633,0201,145
Regulatory liability137150187163154164
Asset retirement obligation    212161
Deferred revenue and credits100100100
Other undisclosed current liabilities265398399435213238
Total current liabilities:4,1334,3124,8546,4015,8623,935
Noncurrent Liabilities
Long-term debt and lease obligation  26330240924,467
Long-term debt, excluding current maturities     23,930
Capital lease obligations263302409537
Liabilities, other than long-term debt13,85214,12411,96012,74313,65513,220
Deferred revenue and credits10110210
Asset retirement obligations5,5885,4534,6654,1763,8403,682
Liability, pension and other postretirement and postemployment benefits6,0626,1814,4765,4776,9297,107
Regulatory liability1 10425 2
Other liabilities2,2012,4902,7153,0552,7762,219
Other undisclosed noncurrent liabilities352223   (23,930)
Total noncurrent liabilities:14,20414,34712,22313,04514,06413,757
Other undisclosed liabilities20,03020,18321,30721,43822,14823,930
Total liabilities:38,36738,84238,38440,88442,07441,622
Stockholders' equity
Stockholders' equity attributable to parent5(12)5721(12)(2)
Accumulated other comprehensive income (loss)5(12)5721(12)(2)
Total stockholders' equity:5(12)5721(12)(2)
TOTAL LIABILITIES AND EQUITY:38,37238,83038,44140,90542,06241,620

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Revenue, net10,73910,61611,003
Gross profit:11,66011,31811,23310,73910,61611,003
Operating expenses(8,736)(8,507)(8,921)(8,764)(8,290)(8,788)
Operating income:2,9242,8112,3121,9752,3262,215
Nonoperating income46625056278263
Public utilities, allowance for funds used during construction, additions    235214
Other nonoperating income466250564329
Interest and debt expense(1,179)(1,198)(1,243)(1,346)(1,371)(1,347)
Net income:1,7911,6751,1196851,2331,131
Other undisclosed net loss attributable to parent(258)(258)   (20)
Net income available to common stockholders, diluted:1,5331,4171,1196851,2331,111

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Net income:1,7911,6751,1196851,2331,131
Other comprehensive income (loss)(37)(69)3633(10)(7)
Comprehensive income:1,7541,6061,1557181,2231,124
Other undisclosed comprehensive loss, net of tax, attributable to parent(258)(258)   (20)
Comprehensive income, net of tax, attributable to parent:1,4961,3481,1557181,2231,104

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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