EdgeScore

TVE · NYSE

Tennessee Valley Authority: financial statements

Financially weak · see the checkFigures in USD, fiscal years

Revenue and net income

Revenue 2018: $11.2BNet income 2018: $1.1B2018Revenue 2019: $11.3BNet income 2019: $1.4B2019Revenue 2020: $10.2BNet income 2020: $1.4B2020Revenue 2021: $10.5BNet income 2021: $1.5B2021Revenue 2022: $12.5BNet income 2022: $1.1B2022Revenue 2023: $12.1BNet income 2023: $500M2023
RevenueNet income

Operating and free cash flow

Operating cash flow 2018: $3.9BFree cash flow 2018: $2.2B2018Operating cash flow 2019: $3.7BFree cash flow 2019: $2.0B2019Operating cash flow 2020: $3.6BFree cash flow 2020: $2.0B2020Operating cash flow 2021: $3.3BFree cash flow 2021: $1.3B2021Operating cash flow 2022: $2.9BFree cash flow 2022: $587M2022Operating cash flow 2023: $2.9BFree cash flow 2023: $346M2023
Operating cash flowFree cash flow

Margins

Operating 2018: 22.9%Operating 2019: 24.8%Operating 2020: 26.5%Operating 2021: 27.1%Operating 2022: 19.2%Operating 2023: 14.1%Net 2018: 10.0%Net 2019: 12.5%Net 2020: 13.2%Net 2021: 14.4%Net 2022: 8.8%Net 2023: 4.1%201820192020202120222023
GrossOperatingNet

Returns

ROA 2018: 2.3%ROA 2019: 2.8%ROA 2020: 2.6%ROA 2021: 2.9%ROA 2022: 2.2%ROA 2023: 1.0%201820192020202120222023
ROEROICROA

Income statement

USD201820192020202120222023Last year
Revenue$11.2B$11.3B$10.2B$10.5B$12.5B$12.1B-4%
Operating income$2.6B$2.8B$2.7B$2.8B$2.4B$1.7B-30%
EBITDA$5.1B$4.8B$4.6B$4.4B$4.5B$3.9B-12%
Interest expense$1.2B$1.2B$1.1B$1.1B$1.1B$1.1B+0%
Net income$1.1B$1.4B$1.4B$1.5B$1.1B$500M-55%

Cash flow

USD201820192020202120222023Last year
Operating cash flow$3.9B$3.7B$3.6B$3.3B$2.9B$2.9B-3%
Capital expenditure$1.8B$1.7B$1.6B$2.0B$2.4B$2.5B+7%
Free cash flow$2.2B$2.0B$2.0B$1.3B$587M$346M-41%
Depreciation & amortization$2.6B$2.0B$1.8B$1.6B$2.1B$2.2B+8%

Balance sheet

USD201820192020202120222023Last year
Cash$299M$299M$500M$499M$500M$501M+0%
Inventory$961M$999M$1.0B$950M$1.1B$1.1B+3%
Current assets$3.4B$3.3B$3.2B$3.5B$4.0B$3.7B-8%
Total assets$48.7B$50.5B$52.8B$52.5B$51.2B$51.3B+0%
Current liabilities$4.9B$4.3B$4.7B$5.0B$4.6B$4.9B+5%
Financial debt$23.9B$22.5B$21.2B$19.4B$19.3B$19.5B+1%
Total liabilities$38.4B$38.8B$39.9B———
Net debt$23.6B$22.2B$20.7B$18.9B$18.8B$19.0B+1%

Ratios

201820192020202120222023Last year
Operating margin22.9%24.8%26.5%27.1%19.2%14.1%
Net margin10.0%12.5%13.2%14.4%8.8%4.1%
Return on assets2.3%2.8%2.6%2.9%2.2%1.0%
Net debt / EBITDA4.6x4.6x4.5x4.3x4.2x4.8x
Interest coverage2.1x2.3x2.4x2.6x2.3x1.6x
Current ratio0.700.760.690.700.860.75
Quick ratio0.510.530.480.510.620.52

Data source: SEC EDGAR, company annual reports. Lines a company does not report are left empty. Free cash flow is operating cash flow minus capital expenditure. Ratios use the same formulas as the EdgeScore check.

For information and education only. Not investment advice. Data may contain errors.