Talen Energy Corp
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 2024
TLN$361.18-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Successor · Predecessor | |||
|---|---|---|---|
| (Millions of Dollars) | Nine Months Ended September 30, 2024 | May 18 through September 30, 2023 | January 1 through May 17, 2023 |
| Operating Activities | |||
| Net income (loss) | $945 | $(45) | $465 |
| Non-cash reconciliation adjustments: | |||
| Unrealized (gains) losses on derivative instruments | (59) | 49 | 65 |
| (Gain) loss on Cumulus Data Campus Sale and ERCOT Sale | (886) | — | — |
| (Gain) loss on sales of assets, net | — | — | (50) |
| Nuclear fuel amortization | 93 | 71 | 33 |
| Depreciation, amortization and accretion | 216 | 89 | 208 |
| Impairments | — | 2 | 381 |
| NDT funds (gain) loss, net (excluding interest and fees) | (135) | 1 | (43) |
| Deferred income taxes | 39 | (4) | 195 |
| Reorganization (income) expense, net | — | — | (933) |
| Other | (58) | 23 | 7 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | 41 | (23) | 261 |
| Inventory, net | 73 | 9 | 10 |
| Other assets | 28 | 45 | 98 |
| Accounts payable and accrued liabilities | (115) | (89) | (69) |
| Accrued interest | 22 | 65 | (124) |
| Other liabilities | 42 | (13) | (42) |
| Net cash provided by (used in) operating activities | 246 | 180 | 462 |
| Investing Activities | |||
| Property, plant and equipment expenditures | (58) | (60) | (138) |
| Nuclear fuel expenditures | (89) | (43) | (49) |
| NDT funds investment sale proceeds | 1,646 | 768 | 949 |
| NDT funds investment purchases | (1,670) | (780) | (959) |
| Equity investments in affiliates | (6) | (3) | (8) |
| Proceeds from Cumulus Data Campus Sale and ERCOT Sale (Note 17) | 1,398 | — | — |
| Proceeds from the sale of assets | 1 | — | 46 |
| Other investing activities | 3 | 10 | 2 |
| Net cash provided by (used in) investing activities | 1,225 | (108) | (157) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Successor · Predecessor | |||
|---|---|---|---|
| (Millions of Dollars) | Nine Months Ended September 30, 2024 | May 18 through September 30, 2023 | January 1 through May 17, 2023 |
| Financing Activities | |||
| Contributions from member | — | — | 1,393 |
| Financing proceeds at Emergence, net of discount | — | — | 2,219 |
| Repayment of Prepetition Secured Indebtedness | — | — | (3,898) |
| Payment of make-whole premiums on Prepetition Secured Indebtedness | — | — | (152) |
| TLB proceeds, net | — | 289 | — |
| LMBE-MC TLB payments | — | (294) | (7) |
| Cumulus Digital TLF repayment | (182) | — | — |
| Share repurchases (Note 15) | (956) | — | — |
| Repurchase of noncontrolling interest | (39) | (19) | — |
| Cash settlement of restricted stock units | (31) | — | — |
| Deferred finance costs | — | (4) | (74) |
| Repurchase of warrants | — | (40) | — |
| Derivatives with financing elements | — | — | (20) |
| Other | (32) | 6 | — |
| Net cash provided by (used in) financing activities | (1,240) | (62) | (539) |
| Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash and Cash Equivalents | 231 | 10 | (234) |
| Beginning of period cash and cash equivalents and restricted cash and cash equivalents | 901 | 754 | 988 |
| End of period cash and cash equivalents and restricted cash and cash equivalents | $1,132 | $764 | $754 |
See Note 16 for supplemental cash flow information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.