Talen Energy Corp
For the period ended Jun 30, 2025. Filed Aug 7, 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.
Jun 30, 2025 · Filed Aug 7, 2025
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Cash Flow Activities
Net cash provided by (used in) operating, investing, and financing activities for the periods was:
| Six Months Ended June 30, · Favorable (Unfavorable) Variance | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Operating activities | $(65) | $150 | $(215) |
| Investing activities | (114) | 979 | (1,093) |
| Financing activities | (51) | (915) | 864 |
Operating activities
A change of $(215) million in net cash provided by (used in) operating activities is generally aligned with results from operations combined with working capital changes in the normal course of business. See “—Results of Operations” for additional information.
Investing activities
A change of $(1,093) million in net cash provided by (used in) investing activities was primarily due to: (i) $(339) million in proceeds from the AWS Data Campus Sale in the first quarter 2024; and (ii) $(754) million of proceeds from the ERCOT Sale in the second quarter 2024. See Note 17 to the Interim Financial Statements for additional information on the AWS Data Campus Sale and the ERCOT Sale.
Financing activities
A change of $864 million in net cash provided by (used in) financing activities is primarily the result of the combined effect of the: (i) $182 million repayment of the Cumulus Digital TLF; (ii) $39 million purchase of noncontrolling interest in Cumulus Digital, both in the first quarter 2024; (iii) a $551 million decrease in share repurchases; and (iv) RCF borrowings of $70 million in the second quarter 2025.
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