Tennessee Valley Authority Pref
NYSE: TVC · ·
Updated 2026-08-06
Tennessee Valley Authority Pref (TVC) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $34.52B | $34.52B | $37.14B | $40.02B | $42.75B | $46.39B | $47.33B | $46.11B | $45.60B | $48.83B | $50.49B | $50.02B | $48.67B | $50.47B | $52.83B | $52.46B | $51.19B | $51.34B | $57.70B | $60.88B |
| Cash & equivalents | $536.00M | $536.00M | $213.00M | $201.00M | $328.00M | $507.00M | $868.00M | $1.60B | $500.00M | $300.00M | $300.00M | $300.00M | $299.00M | $299.00M | $500.00M | $499.00M | $500.00M | $501.00M | $502.00M | $1.58B |
| Current assets | $2.67B | $2.67B | $2.50B | $2.46B | $3.85B | $4.04B | $4.51B | $4.91B | $3.79B | $3.51B | $3.64B | $3.45B | $3.43B | $3.28B | $3.25B | $3.50B | $3.97B | $3.67B | $3.77B | $5.18B |
| Total liabilities | $31.82B | $34.52B | $37.14B | $35.80B | $37.62B | $41.16B | $42.01B | $40.46B | $39.49B | $41.62B | $42.07B | $40.88B | $38.38B | $38.84B | $39.89B | $37.99B | $35.68B | $35.29B | $40.54B | $42.37B |
| Current liabilities | $5.20B | $5.20B | $4.25B | $4.28B | $3.60B | $4.91B | $6.99B | $4.98B | $4.45B | $3.94B | $5.86B | $6.40B | $4.85B | $4.31B | $4.71B | $4.98B | $4.64B | $4.87B | $5.87B | $5.61B |
| Long-term debt | — | — | — | — | — | — | — | — | — | $0.00 | $22.15B | $21.44B | $21.31B | — | — | — | — | — | — | — |
| Shareholder equity | $2.70B | $2.70B | $3.56B | $4.22B | $5.14B | $5.23B | $5.33B | $5.65B | $5.50B | $6.61B | $7.84B | $8.56B | $9.72B | $11.63B | $12.93B | $14.46B | $15.51B | $16.06B | $17.16B | $18.51B |
| Retained earnings | $1.56B | $1.56B | $2.57B | $3.29B | $4.26B | $4.43B | $4.49B | $4.77B | $5.24B | $6.36B | $7.59B | $8.28B | $9.40B | $10.82B | $12.18B | $13.69B | $14.80B | $15.30B | $16.44B | $17.80B |
| Accounts receivable | $1.36B | $1.36B | $1.45B | $1.30B | $1.64B | $1.74B | $1.58B | $1.57B | $1.68B | $1.60B | $1.75B | $1.57B | $1.66B | $1.62B | $1.40B | $1.48B | $1.90B | $1.63B | $1.68B | $1.89B |
| Inventory | $576.00M | $576.00M | $779.00M | $961.00M | $-328.00M | $1.03B | $1.10B | $1.09B | $1.06B | $1.03B | $993.00M | $1.06B | $961.00M | $999.00M | $1.00B | $950.00M | $1.09B | $1.14B | $1.20B | $1.26B |
| Goodwill | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
Frequently asked questions
What is Tennessee Valley Authority Pref's revenue?
Tennessee Valley Authority Pref's trailing twelve-month revenue is $13.81B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is TVC?
In its most recent fiscal year, TVC ran a gross margin of 40.14%, an operating margin of 18.79%, and a net margin of 9.95%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does TVC generate?
TVC produced $-1.36B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is TVC's balance sheet healthy?
TVC holds $1.58B in cash and equivalents against — in long-term debt, on $18.51B of shareholder equity. That debt is best read against the cash flow the business throws off each year.