TC Energy Corporation (TSX:TRP)
Canada · Delayed Price · Currency is CAD 87.90
-0.95 (-1.07%)
Aug 17, 2026, 3:17 PM EST
TC Energy Cash Flow Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 3,595 | 3,519 | 4,698 | 2,922 | 748 | 1,955 |
Depreciation & Amortization | 2,880 | 2,769 | 2,535 | 2,446 | 2,584 | 2,522 |
Loss (Gain) From Sale of Assets | - | - | -620 | - | - | -30 |
Asset Writedown & Restructuring Costs | - | - | - | - | 453 | 2,775 |
Loss (Gain) From Sale of Investments | - | - | - | 2,100 | 3,048 | - |
Loss (Gain) on Equity Investments | 339 | 342 | 67 | -123 | -29 | 77 |
Provision & Write-off of Bad Debts | -13 | 83 | -22 | -83 | 163 | - |
Other Operating Activities | 1,360 | 1,107 | 565 | -529 | 47 | -122 |
Change in Accounts Receivable | -332 | -332 | -13 | -394 | -575 | -925 |
Change in Inventory | -55 | -55 | -16 | -56 | -190 | -93 |
Change in Accounts Payable | 13 | 13 | 365 | -206 | -83 | 890 |
Change in Other Net Operating Assets | 818 | -129 | -137 | 863 | 209 | -159 |
Operating Cash Flow | 8,634 | 7,346 | 7,696 | 7,268 | 6,375 | 6,890 |
Operating Cash Flow Growth | 14.65% | -4.55% | 5.89% | 14.01% | -7.47% | -2.38% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -4,575 | -5,286 | -6,358 | -8,149 | -6,727 | -5,924 |
Sale of Property, Plant & Equipment | - | - | 791 | 33 | - | 35 |
Cash Acquisitions | - | - | - | -307 | - | - |
Investment in Securities | -1,004 | -1,046 | -997 | -4,126 | -801 | -1,137 |
Other Investing Activities | -86 | -126 | -345 | 262 | 519 | -686 |
Investing Cash Flow | -5,665 | -6,458 | -6,909 | -12,287 | -7,009 | -7,712 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 1,227 | 341 | - | 766 | 1,003 |
Long-Term Debt Issued | - | 8,069 | 9,554 | 15,884 | 3,516 | 11,225 |
Total Debt Issued | 7,967 | 9,296 | 9,895 | 15,884 | 4,282 | 12,228 |
Short-Term Debt Repaid | - | - | - | -6,299 | - | - |
Long-Term Debt Repaid | - | -6,116 | -9,517 | -3,772 | -1,338 | -7,758 |
Total Debt Repaid | -5,269 | -6,116 | -9,517 | -10,071 | -1,338 | -7,758 |
Net Debt Issued (Repaid) | 2,698 | 3,180 | 378 | 5,813 | 2,944 | 4,470 |
Issuance of Common Stock | 128 | 104 | 88 | 4 | 1,905 | 148 |
Preferred Dividends Paid | -113 | -114 | -99 | -92 | -106 | -141 |
Common Dividends Paid | -3,567 | -3,507 | -3,953 | -2,787 | -3,192 | -3,317 |
Dividends Paid | -3,680 | -3,621 | -4,052 | -2,879 | -3,298 | -3,458 |
Other Financing Activities | -1,228 | -929 | -288 | 5,155 | -64 | -748 |
Financing Cash Flow | -2,332 | -1,516 | -3,874 | 8,093 | 487 | -88 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 15 | -5 | 210 | -16 | 94 | 53 |
Net Cash Flow | 652 | -633 | -2,877 | 3,058 | -53 | -857 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 4,059 | 2,060 | 1,338 | -881 | -352 | 966 |
Free Cash Flow Growth | 182.07% | 53.96% | - | - | - | - |
Free Cash Flow Margin | 25.87% | 13.52% | 9.72% | -6.64% | -2.86% | 7.22% |
Free Cash Flow Per Share | 3.90 | 1.98 | 1.29 | -0.85 | -0.35 | 0.99 |
Levered Free Cash Flow | 1,251 | -1,839 | -1,283 | -4,751 | 256.25 | -3,064 |
Unlevered Free Cash Flow | 3,387 | 290.25 | 604.25 | -2,898 | 1,694 | -1,589 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 3,284 | 3,284 | 3,398 | 2,931 | 2,478 | 2,299 |
Cash Income Tax Paid | 543 | 543 | 387 | 791 | 394 | 371 |
Change in Working Capital | 444 | -503 | 199 | 207 | -639 | -287 |