Tennessee Valley Authority annual free cash flow
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2025
Tennessee Valley Authority Free Cash Flow (FCF) History (TVE)
Tennessee Valley Authority reported −$1.13B in free cash flow for fiscal 2025, a decrease of $855.0M from the previous fiscal year, with a free cash flow margin of −8.29%.
View full Tennessee Valley Authority company overviewTennessee Valley Authority free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-09-30 | −$1.13B | −$855.0M | — | −8.29% |
| 2024 | 2024-09-30 | −$278.0M | −$624.0M | — | −2.26% |
| 2023 | 2023-09-30 | $346.0M | −$241.0M | −41.06% | +2.87% |
| 2022 | 2022-09-30 | $587.0M | −$706.0M | −54.60% | +4.68% |
| 2021 | 2021-09-30 | $1.29B | −$700.0M | −35.12% | +12.31% |
| 2020 | 2020-09-30 | $1.99B | −$27.0M | −1.34% | +19.45% |
| 2019 | 2019-09-30 | $2.02B | −$159.0M | −7.30% | +17.85% |
| 2018 | 2018-09-30 | $2.18B | $1.60B | +278.96% | +19.40% |
| 2017 | 2017-09-30 | $575.0M | $243.0M | +73.19% | +5.35% |
| 2016 | 2016-09-30 | $332.0M | −$133.0M | −28.60% | +3.13% |
| 2015 | 2015-09-30 | $465.0M | −$131.0M | −21.98% | +4.23% |
| 2014 | 2014-09-30 | $596.0M | $50.0M | +9.16% | +5.35% |
| 2013 | 2013-09-30 | $546.0M | $91.0M | +20.00% | +4.98% |
| 2012 | 2012-09-30 | $455.0M | $435.0M | +2175.00% | +4.06% |
| 2011 | 2011-09-30 | $20.0M | $134.0M | — | +0.17% |
| 2010 | 2010-09-30 | −$114.0M | −$484.0M | — | −1.05% |
| 2009 | 2009-09-30 | $370.0M | — | — | +3.29% |
Tennessee Valley Authority quarterly free cash flow
Q1.11
Q2.11
Q3.11
Q4.11
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Q1.13
Q2.13
Q3.13
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Q2.14
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Q2.15
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Q1.16
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Q4.16
Q1.17
Q2.17
Q3.17
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Q1.18
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Q2.19
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Q1.20
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Q1.21
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Q3.21
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Q1.22
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Q1.23
Q2.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | −$101.0M | $349.0M | — | −2.93% |
| Q2 2026 | 2026-03-31 | −$76.0M | $100.0M | — | −2.14% |
| Q1 2026 | 2025-12-31 | −$814.0M | −$55.0M | — | −26.70% |
| Q4 2025 | 2025-09-30 | $252.0M | $88.0M | +53.66% | +6.44% |
| Q3 2025 | 2025-06-30 | −$450.0M | −$202.0M | — | −13.61% |
| Q2 2025 | 2025-03-31 | −$176.0M | −$452.0M | — | −4.98% |
| Q1 2025 | 2024-12-31 | −$759.0M | −$289.0M | — | −25.99% |
| Q4 2024 | 2024-09-30 | $164.0M | −$231.0M | −58.48% | +4.66% |
| Q3 2024 | 2024-06-30 | −$248.0M | −$244.0M | — | −8.61% |
| Q2 2024 | 2024-03-31 | $276.0M | $155.0M | +128.10% | +8.75% |
| Q1 2024 | 2023-12-31 | −$470.0M | −$304.0M | — | −17.00% |
| Q4 2023 | 2023-09-30 | $395.0M | −$130.0M | −24.76% | +11.68% |
| Q3 2023 | 2023-06-30 | −$4.0M | $253.0M | — | −0.15% |
| Q2 2023 | 2023-03-31 | $121.0M | −$317.0M | −72.37% | +4.09% |
| Q1 2023 | 2022-12-31 | −$166.0M | −$47.0M | — | −5.51% |
| Q4 2022 | 2022-09-30 | $525.0M | −$17.0M | −3.14% | +12.80% |
| Q3 2022 | 2022-06-30 | −$257.0M | −$413.0M | — | −8.65% |
| Q2 2022 | 2022-03-31 | $438.0M | −$126.0M | −22.34% | +15.19% |
| Q1 2022 | 2021-12-31 | −$119.0M | −$150.0M | — | −4.61% |
| Q4 2021 | 2021-09-30 | $542.0M | −$176.0M | −24.51% | +17.48% |
| Q3 2021 | 2021-06-30 | $156.0M | −$89.0M | −36.33% | +6.17% |
| Q2 2021 | 2021-03-31 | $564.0M | −$93.0M | −14.16% | +21.93% |
| Q1 2021 | 2020-12-31 | $31.0M | −$342.0M | −91.69% | +1.35% |
| Q4 2020 | 2020-09-30 | $718.0M | −$115.0M | −13.81% | +24.77% |
| Q3 2020 | 2020-06-30 | $245.0M | −$57.0M | −18.87% | +10.88% |
| Q2 2020 | 2020-03-31 | $657.0M | −$226.0M | −25.59% | +26.06% |
| Q1 2020 | 2019-12-31 | $373.0M | $371.0M | +18550.00% | +14.47% |
| Q4 2019 | 2019-09-30 | $833.0M | −$163.0M | −16.37% | +25.72% |
| Q3 2019 | 2019-06-30 | $302.0M | $19.0M | +6.71% | +11.60% |
| Q2 2019 | 2019-03-31 | $883.0M | $58.0M | +7.03% | +32.11% |
| Q1 2019 | 2018-12-31 | $2.0M | −$73.0M | −97.33% | +0.07% |
| Q4 2018 | 2018-09-30 | $996.0M | $728.0M | +271.64% | +31.27% |
| Q3 2018 | 2018-06-30 | $283.0M | $373.0M | — | +10.45% |
| Q2 2018 | 2018-03-31 | $825.0M | $420.0M | +103.70% | +29.55% |
| Q1 2018 | 2017-12-31 | $75.0M | $83.0M | — | +2.94% |
| Q4 2017 | 2017-09-30 | $268.0M | −$258.0M | −49.05% | +8.72% |
| Q3 2017 | 2017-06-30 | −$90.0M | −$43.0M | — | −3.50% |
| Q2 2017 | 2017-03-31 | $405.0M | $202.0M | +99.51% | +15.90% |
| Q1 2017 | 2016-12-31 | −$8.0M | $342.0M | — | −0.31% |
| Q4 2016 | 2016-09-30 | $526.0M | $13.0M | +2.53% | +16.01% |
| Q3 2016 | 2016-06-30 | −$47.0M | $6.0M | — | −1.90% |
| Q2 2016 | 2016-03-31 | $203.0M | −$80.0M | −28.27% | +7.90% |
| Q1 2016 | 2015-12-31 | −$350.0M | −$72.0M | — | −15.35% |
| Q4 2015 | 2015-09-30 | $513.0M | $210.0M | +69.31% | +16.18% |
| Q3 2015 | 2015-06-30 | −$53.0M | −$61.0M | — | −2.07% |
| Q2 2015 | 2015-03-31 | $283.0M | −$54.0M | −16.02% | +9.88% |
| Q1 2015 | 2014-12-31 | −$278.0M | −$226.0M | — | −11.53% |
| Q4 2014 | 2014-09-30 | $303.0M | −$275.0M | −47.58% | +9.57% |
| Q3 2014 | 2014-06-30 | $8.0M | $192.0M | — | +0.30% |
| Q2 2014 | 2014-03-31 | $337.0M | −$134.0M | −28.45% | +11.47% |
| Q1 2014 | 2013-12-31 | −$52.0M | $267.0M | — | −2.18% |
| Q4 2013 | 2013-09-30 | $578.0M | −$242.0M | −29.51% | +19.05% |
| Q3 2013 | 2013-06-30 | −$184.0M | −$95.0M | — | −7.07% |
| Q2 2013 | 2013-03-31 | $471.0M | $343.0M | +267.97% | +17.18% |
| Q1 2013 | 2012-12-31 | −$319.0M | $85.0M | — | −12.37% |
| Q4 2012 | 2012-09-30 | $820.0M | $825.0M | — | +25.07% |
| Q3 2012 | 2012-06-30 | −$89.0M | $102.0M | — | −3.20% |
| Q2 2012 | 2012-03-31 | $128.0M | −$181.0M | −58.58% | +4.92% |
| Q1 2012 | 2011-12-31 | −$404.0M | −$311.0M | — | −15.73% |
| Q4 2011 | 2011-09-30 | −$5.0M | — | — | −0.15% |
| Q3 2011 | 2011-06-30 | −$191.0M | — | — | −7.19% |
| Q2 2011 | 2011-03-31 | $309.0M | — | — | +10.41% |
| Q1 2011 | 2010-12-31 | −$93.0M | — | — | −3.29% |
Tennessee Valley Authority free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $1.99B to −$1.13B, a net decrease of $3.13B. Tennessee Valley Authority's latest reported quarter, Q3 2026, generated −$101.0M in free cash flow, an increase of $349.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Tennessee Valley Authority filings at SEC.gov ↗