2019 Q2 Form 10-Q Financial Statement

#000137698619000023 Filed on August 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $2.604B $2.707B
YoY Change -3.8% 5.29%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $536.0M $301.0M
YoY Change 78.07% -6.52%
% of Gross Profit
Operating Expenses $2.088B $1.942B
YoY Change 7.52% -3.38%
Operating Profit $516.0M $765.0M
YoY Change -32.55% 36.36%
Interest Expense $7.000M $6.000M
YoY Change 16.67% -98.24%
% of Operating Profit 1.36% 0.78%
Other Income/Expense, Net $14.00M $11.00M
YoY Change 27.27% -8.33%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $165.0M $470.0M
YoY Change -64.89% 101.72%
Net Earnings / Revenue 6.34% 17.36%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 0.000 shares 0.000 shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $300.0M $299.0M
Short-Term Investments
Other Short-Term Assets $87.00M $108.0M
YoY Change -19.44% 25.58%
Inventory $1.051B $1.050B
Prepaid Expenses
Receivables $1.551B $1.600B
Other Receivables
Total Short-Term Assets $3.172B $3.491B
YoY Change -9.14% 2.29%
LONG-TERM ASSETS
Property, Plant & Equipment $35.13B $35.07B
YoY Change 0.16% 1.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $324.0M $317.0M
YoY Change 2.21% -15.69%
Total Long-Term Assets $45.10B $46.12B
YoY Change -2.2% -0.99%
TOTAL ASSETS
Total Short-Term Assets $3.172B $3.491B
Total Long-Term Assets $45.10B $46.12B
Total Assets $48.28B $49.61B
YoY Change -2.69% -0.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.444B $1.886B
YoY Change -23.44% 87.66%
Long-Term Debt Due $38.62M
YoY Change
Total Short-Term Liabilities $4.763B $5.346B
YoY Change -10.91% -13.44%
LONG-TERM LIABILITIES
Long-Term Debt $20.22B $21.33B
YoY Change -5.2% -0.45%
Other Long-Term Liabilities $2.226B $2.766B
YoY Change -19.52% 20.0%
Total Long-Term Liabilities $12.24B $12.55B
YoY Change -2.45% -6.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.763B $5.346B
Total Long-Term Liabilities $12.24B $12.55B
Total Liabilities $37.23B $39.23B
YoY Change -5.1% -4.32%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity
YoY Change

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $165.0M $470.0M
YoY Change -64.89% 101.72%
Depreciation, Depletion And Amortization $536.0M $301.0M
YoY Change 78.07% -6.52%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Document Period End Date
DocumentPeriodEndDate
2019-06-30
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Entity Central Index Key
EntityCentralIndexKey
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dei Entity Current Reporting Status
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Yes
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Tennessee Valley Authority
dei Entity Shell Company
EntityShellCompany
false
dei Entity Small Business
EntitySmallBusiness
false
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1032000000 USD
CY2019Q2 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
1030000000 USD
CY2019Q2 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
1029513817 USD
CY2018Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
20157000000 USD
CY2019Q2 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
19115000000 USD
CY2018Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
404000000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
1263000000 USD
CY2019Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
576000000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
1387000000 USD
CY2018Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
503000000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
1473000000 USD
CY2019Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
417000000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
1359000000 USD
CY2018Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
238000000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
731000000 USD
CY2019Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
223000000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
775000000 USD
CY2018Q2 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
129000000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
379000000 USD
CY2019Q2 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
128000000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
396000000 USD
CY2018Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
1201000000 USD
CY2018Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
1206000000 USD
CY2012Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
1000000000 USD
us-gaap Variable Interest Entity Financial Or Other Support Type
VariableInterestEntityFinancialOrOtherSupportType
19
us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;padding-left:24px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-style:italic;">Fiscal Year</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">TVA's fiscal year ends September 30.&#160;&#160;Years (</font><font style="font-family:Arial;font-size:9pt;color:#000000;text-decoration:none;">2019</font><font style="font-family:Arial;font-size:9pt;">, </font><font style="font-family:Arial;font-size:9pt;color:#000000;text-decoration:none;">2018</font><font style="font-family:Arial;font-size:9pt;">, etc.) refer to TVA's fiscal years unless they are preceded by "CY," in which case the references are to calendar years.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">The preparation of financial statements requires TVA to estimate the effects of various matters that are inherently uncertain as of the date of the consolidated financial statements.&#160;&#160;Although the consolidated financial statements are prepared in conformity with GAAP, TVA is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the amounts of revenues and expenses reported during the reporting period.&#160;&#160;Each of these estimates varies in regard to the level of judgment involved and its potential impact on TVA's financial results.&#160;&#160;Estimates are considered critical either when a different estimate could have reasonably been used, or where changes in the estimate are reasonably likely to occur from period to period, and such use or change would materially impact TVA's financial condition, results of operations, or cash flows.</font></div></div>

Files In Submission

Name View Source Status
0001376986-19-000023-index-headers.html Edgar Link pending
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0001376986-19-000023.txt Edgar Link pending
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