Talen Energy Corp
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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, 2025 · Filed May 8, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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17. Supplemental Cash Flow Information
- Supplemental Cash Flow Information
Supplemental information for the Consolidated Statements of Cash Flows for the periods was:
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash paid during the period | ||
| Interest and other finance charges, net of capitalized interest (a) | $23 | $33 |
| Income taxes, net (b) | 19 | — |
| Unrealized (gain) loss on derivative instruments included on the Statements of Cash Flows | ||
| Commodity contracts | $182 | $134 |
| Interest rate swap contracts (interest expense) | 14 | (6) |
| Unrealized (gain) loss on derivative instruments | $196 | $128 |
| Depreciation, amortization and accretion included on the Statements of Cash Flows | ||
| Depreciation, amortization and accretion | $74 | $75 |
| Other | (2) | (1) |
| Depreciation, amortization and accretion | $72 | $74 |
| Reconciliation of other non-cash operating activities | ||
| Derivative option premium amortization | $31 | $— |
| Stock-based compensation | 11 | 8 |
| Bitcoin revenue | — | (42) |
| Other | (5) | (8) |
| Total | $37 | $(42) |
| Non-cash investing activities | ||
| Capital expenditure accrual increase (decrease) | $3 | $(16) |
(a)Capitalized interest was $1 million and $3 million for the three months ended March 31, 2025 and 2024, respectively.
(b)During the three months ended March 31, 2025, $9 million of estimated Nuclear PTCs were utilized as a credit against our federal income tax payable.
Cash and Restricted Cash
The following provides a reconciliation of “Cash and cash equivalents” and “Restricted cash and cash equivalents” presented on the Consolidated Statements of Cash Flows to line items within the Consolidated Balance Sheets:
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Cash and cash equivalents | $295 | $328 |
| Restricted cash and cash equivalents: | ||
| Commodity exchange margin deposits | 25 | 37 |
| Restricted cash and cash equivalents | 25 | 37 |
| Total | $320 | $365 |
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