Tennessee Valley Authority
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Nov 13, 2025
TVE$23.24+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Operating revenues | |||
| Revenue from sales of electricity | $13,486 | $12,128 | $11,899 |
| Other revenue | 186 | 186 | 155 |
| Total operating revenues | 13,672 | 12,314 | 12,054 |
| Operating expenses | |||
| Fuel | 2,376 | 2,169 | 2,549 |
| Purchased power | 2,106 | 1,581 | 1,633 |
| Operating and maintenance | 3,717 | 3,641 | 3,372 |
| Depreciation and amortization | 2,271 | 2,138 | 2,213 |
| Tax equivalents | 633 | 557 | 593 |
| Total operating expenses | 11,103 | 10,086 | 10,360 |
| Operating income | 2,569 | 2,228 | 1,694 |
| Other income, net | 92 | 71 | 61 |
| Other net periodic benefit cost | 105 | 98 | 199 |
| Interest expense | 1,196 | 1,066 | 1,056 |
| Net income | $1,360 | $1,135 | $500 |
| The accompanying notes are an integral part of these consolidated financial statements. | |||
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