Tennessee Valley Authority PARRS A 2029 (TVE) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	14.0B	13.7B	12.3B	12.1B	12.5B
Cost of Revenue	8.4B	8.2B	7.4B	7.5B	7.5B
Gross Profit	5.6B	5.5B	4.9B	4.5B	5.1B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	882.0M	—	98.0M	199.0M	258.0M
General & Admin Expense	882.0M	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	4.1B	2.9B	2.6B	2.6B	2.4B
Total Operating Expenses	5.0B	2.9B	2.7B	2.8B	2.7B
Cost and Expenses	11.2B	11.1B	10.1B	10.4B	10.1B
Operating Income (EBIT)	2.8B	2.6B	2.2B	1.7B	2.4B
Non-Operating
Interest Income	18.0M	—	—	—	1.0B
Interest Expense	1.2B	1.2B	1.1B	1.1B	1.1B
Net Interest Income	(1.2B)	(1.2B)	(1.0B)	(1.0B)	(15.0M)
Other Non-Op Income/Expense	(1.2B)	(1.2B)	(1.1B)	(1.2B)	(1.3B)
Non-Operating Income (excl Interest)	(3.0M)	90.0M	27.0M	8.0M	96.0M
EBT (Pre-Tax Income)	1.6B	1.4B	1.1B	500.0M	1.1B
Income Tax Expense	44.0M	—	—	—	—
Bottom Line
Net Income	220.0M	1.4B	1.1B	500.0M	1.1B
Earnings from Cont. Ops	220.0M	1.4B	1.1B	500.0M	1.1B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	220.0M	1.4B	1.1B	500.0M	1.1B
Per Share
Basic EPS	($87.62)	$2,590.48	$2,161.90	$952.38	$2,110.48
Diluted EPS	($87.62)	$2,590.48	$2,161.90	$952.38	$2,110.48
Revenue Per Share	$26,573.33	$26,041.90	$23,455.24	$22,960.00	$23,885.71
Shares
Basic Shares Outstanding	525000	525000	525000	525000	525000
Diluted Shares Outstanding	525000	525000	525000	525000	525000
Profitability Metrics
EBITDA	613.0M	5.0B	2.2B	4.1B	4.7B
D&A	341.0M	2.5B	27.0M	2.4B	2.4B
EBIT	324.0M	2.5B	2.2B	1.7B	2.3B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026