Tennessee Valley Authority
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
TVE$23.24+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets (Unaudited)
| ASSETS | ||
|---|---|---|
| March 31, 2024 | September 30, 2023 | |
| Current assets | ||
| Cash and cash equivalents | $508 | $501 |
| Accounts receivable, net | 1,445 | 1,745 |
| Inventories, net | 1,127 | 1,108 |
| Regulatory assets | 230 | 178 |
| Other current assets | 156 | 134 |
| Total current assets | 3,466 | 3,666 |
| Property, plant, and equipment | ||
| Completed plant | 67,339 | 68,199 |
| Less accumulated depreciation | (35,000) | (35,871) |
| Net completed plant | 32,339 | 32,328 |
| Construction in progress | 3,795 | 3,238 |
| Nuclear fuel | 1,317 | 1,344 |
| Finance leases | 722 | 572 |
| Total property, plant, and equipment, net | 38,173 | 37,482 |
| Investment funds | 4,655 | 4,123 |
| Regulatory and other long-term assets | ||
| Regulatory assets | 5,540 | 5,566 |
| Operating lease assets, net of amortization | 174 | 177 |
| Other long-term assets | 332 | 330 |
| Total regulatory and other long-term assets | 6,046 | 6,073 |
| Total assets | $52,340 | $51,344 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
CONSOLIDATED BALANCE SHEETS (Unaudited)
| LIABILITIES AND PROPRIETARY CAPITAL | ||
|---|---|---|
| March 31, 2024 | September 30, 2023 | |
| Current liabilities | ||
| Accounts payable and accrued liabilities | $2,467 | $2,618 |
| Accrued interest | 286 | 272 |
| Asset retirement obligations | 311 | 272 |
| Regulatory liabilities | 207 | 222 |
| Short-term debt, net | 819 | 432 |
| Current maturities of power bonds | 1,022 | 1,022 |
| Current maturities of long-term debt of variable interest entities | 36 | 35 |
| Total current liabilities | 5,148 | 4,873 |
| Other liabilities | ||
| Post-retirement and post-employment benefit obligations | 2,416 | 2,527 |
| Asset retirement obligations | 7,281 | 7,217 |
| Finance lease liabilities | 695 | 576 |
| Other long-term liabilities | 1,436 | 1,211 |
| Regulatory liabilities | 94 | 107 |
| Total other liabilities | 11,922 | 11,638 |
| Long-term debt, net | ||
| Long-term power bonds, net | 17,866 | 17,844 |
| Long-term debt of variable interest entities, net | 915 | 933 |
| Total long-term debt, net | 18,781 | 18,777 |
| Total liabilities | 35,851 | 35,288 |
| Contingencies and legal proceedings (Note 20) | ||
| Proprietary capital | ||
| Power program appropriation investment | 258 | 258 |
| Power program retained earnings | 15,736 | 15,302 |
| Total power program proprietary capital | 15,994 | 15,560 |
| Nonpower programs appropriation investment, net | 521 | 525 |
| Accumulated other comprehensive loss | (26) | (29) |
| Total proprietary capital | 16,489 | 16,056 |
| Total liabilities and proprietary capital | $52,340 | $51,344 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.