TransAlta Corporation (TAC)
NYSE: TAC · Real-Time Price · USD
13.39
+0.03 (0.22%)
At close: Nov 11, 2026, 4:00 PM EST
13.21
-0.18 (-1.34%)
After-hours: Nov 11, 2026, 7:37 PM EST
TransAlta 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 | Sep '26 Sep 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 | 103 | -138 | 229 | 695 | 50 | -537 |
Depreciation & Amortization | 492 | 613 | 562 | 648 | 648 | 751 |
Other Amortization | 23 | 23 | 19 | 21 | - | - |
Loss (Gain) on Sale of Assets | -1 | -1 | -1 | -3 | -32 | -54 |
Loss (Gain) on Equity Investments | -1 | -1 | - | 2 | -4 | -5 |
Asset Writedown | -73 | -13 | 46 | -48 | 9 | 648 |
Change in Accounts Receivable | 125 | 75 | 155 | 715 | -869 | -28 |
Change in Inventory | 10 | 22 | 34 | -2 | 6 | 42 |
Change in Accounts Payable | -76 | -78 | -273 | -550 | 548 | 153 |
Change in Income Taxes | -43 | -35 | 37 | -39 | -1 | -2 |
Change in Other Net Operating Assets | 12 | 19 | 85 | - | - | 9 |
Other Operating Activities | -23 | 160 | -97 | 25 | 522 | 24 |
Operating Cash Flow | 548 | 646 | 796 | 1,464 | 877 | 1,001 |
Operating Cash Flow Growth | -13.02% | -18.84% | -45.63% | 66.93% | -12.39% | 42.59% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -216 | -249 | -311 | -875 | -918 | -480 |
Sale of Property, Plant & Equipment | 35 | 8 | 4 | 29 | 66 | 39 |
Cash Acquisitions | -105 | - | -217 | - | -10 | -120 |
Sale (Purchase) of Intangibles | -19 | -13 | -16 | -13 | -31 | -9 |
Investment in Securities | -5 | -152 | -5 | -13 | -10 | 128 |
Other Investing Activities | -15 | -36 | 5 | -8 | 98 | -68 |
Investing Cash Flow | -300 | -418 | -520 | -814 | -741 | -472 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Long-Term Debt Issued | - | 991 | 143 | 39 | 981 | 173 |
Long-Term Debt Repaid | - | -1,188 | -137 | -220 | -630 | -214 |
Lease Payments | -4 | -4 | -6 | -10 | -9 | -8 |
Net Debt Issued (Repaid) | -304 | -197 | 6 | -181 | 351 | -41 |
Issuance of Common Stock | 351 | 3 | 12 | 5 | 3 | 8 |
Repurchase of Common Stock | - | -24 | -143 | -87 | -52 | -4 |
Common Dividends Paid | -78 | -74 | -71 | -58 | -54 | -48 |
Preferred Dividends Paid | -53 | -52 | -52 | -51 | -43 | -39 |
Dividends Paid | -131 | -126 | -123 | -109 | -97 | -87 |
Other Financing Activities | -36 | -18 | -43 | -1,060 | -160 | -158 |
Financing Cash Flow | -120 | -362 | -291 | -1,432 | 45 | -282 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 6 | 2 | 4 | -4 | 6 | -3 |
Net Cash Flow | 134 | -132 | -11 | -786 | 187 | 244 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 332 | 397 | 485 | 589 | -41 | 521 |
Free Cash Flow Growth | -8.03% | -18.14% | -17.66% | - | - | 141.20% |
Free Cash Flow Margin | 15.18% | 16.51% | 17.05% | 17.56% | -1.38% | 19.15% |
Free Cash Flow Per Share | 1.10 | 1.34 | 1.61 | 2.13 | -0.15 | 1.92 |
Levered Free Cash Flow | 346.38 | 287.13 | 321.63 | 160.63 | 188.88 | 586.38 |
Unlevered Free Cash Flow | 547.63 | 504 | 524.13 | 336.25 | 367.63 | 746.38 |
Free Cash Flow After Leases | 328 | 393 | 479 | 579 | -50 | 513 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 277 | 282 | 269 | 277 | 229 | 220 |
Cash Income Tax Paid | 89 | 85 | 104 | 94 | 67 | 57 |
Change in Working Capital | 28 | 3 | 38 | 124 | -316 | 174 |