TransAlta Corporation (TAC)
NYSE: TAC · Real-Time Price · USD
13.12
-0.22 (-1.65%)
At close: Nov 5, 2026, 4:00 PM EST
13.01
-0.11 (-0.84%)
After-hours: Nov 5, 2026, 7:42 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 Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 77 | 49 | 13 | -36 | -49 | -99 | 46 | -39 | -23 | 69 | 222 | -59 | 386 | 97 | 294 | -138 | 72 | -70 | 186 | -59 |
Depreciation & Amortization | 117 | 117 | 118 | 140 | 148 | 164 | 161 | 138 | 145 | 143 | 136 | 122 | 150 | 186 | 190 | 176 | 195 | 125 | 126 | 127 |
Other Amortization | - | - | - | 23 | - | - | - | 19 | - | - | - | 21 | - | - | - | 26 | - | - | - | 27 |
Loss (Gain) on Sale of Assets | - | - | - | 2 | - | - | - | - | - | -1 | - | - | 1 | -4 | - | -27 | -4 | -1 | - | 2 |
Loss (Gain) on Equity Investments | - | - | -2 | -3 | - | - | - | -1 | 2 | -2 | 1 | -3 | 3 | 3 | -1 | -2 | - | -1 | -1 | -2 |
Asset Writedown | -10 | 11 | -6 | -68 | 27 | 13 | 15 | 20 | 20 | 5 | 1 | 26 | -58 | -13 | -3 | 5 | 70 | -24 | -42 | 28 |
Change in Accounts Receivable | -48 | -1 | 98 | 75 | -17 | 87 | -71 | 155 | - | - | - | 715 | - | - | - | -869 | - | - | - | -28 |
Change in Inventory | -5 | -8 | -4 | 22 | -1 | -5 | 1 | 34 | - | - | - | -2 | - | - | - | 6 | - | - | - | 42 |
Change in Accounts Payable | 66 | -101 | -32 | -78 | 89 | -183 | 25 | -273 | - | - | - | -550 | - | - | - | 548 | - | - | - | 153 |
Change in Income Taxes | -1 | 1 | -29 | -35 | 14 | 18 | -53 | 37 | - | - | - | -39 | - | - | - | -1 | - | - | - | -2 |
Change in Other Net Operating Assets | 20 | -11 | -14 | 113 | 19 | 2 | -19 | 144 | 48 | -114 | 7 | 11 | 355 | -408 | 42 | 252 | -276 | -260 | 284 | -313 |
Other Operating Activities | -84 | 5 | -19 | 76 | 21 | 160 | -98 | -19 | 37 | 8 | -123 | 68 | -156 | 150 | -60 | 375 | 147 | 102 | -102 | 79 |
Operating Cash Flow | 132 | 62 | 123 | 231 | 251 | 157 | 7 | 215 | 229 | 108 | 244 | 310 | 681 | 11 | 462 | 351 | 204 | -129 | 451 | 54 |
Operating Cash Flow Growth (YoY) | -47.41% | -60.51% | 1657.14% | 7.44% | 9.61% | 45.37% | -97.13% | -30.64% | -66.37% | 881.82% | -47.19% | -11.68% | 233.82% | - | 2.44% | 550.00% | -66.56% | - | 75.49% | -50.91% |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -53 | -45 | -27 | -91 | -53 | -73 | -32 | -111 | -74 | -58 | -68 | -234 | -165 | -192 | -284 | -437 | -280 | -129 | -72 | -136 |
Sale of Property, Plant & Equipment | 27 | - | - | 4 | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 23 | 54 | 10 | 2 | - | 2 |
Cash Acquisitions | - | -1 | -106 | 2 | - | -1 | -2 | -217 | - | - | - | - | - | - | - | -10 | - | - | - | -120 |
Sale (Purchase) of Intangibles | -6 | - | -2 | -3 | - | - | -2 | -5 | -3 | -3 | -1 | -4 | -3 | -3 | -3 | -4 | -4 | -2 | -21 | -5 |
Investment in Securities | 15 | -5 | 9 | -24 | -21 | - | -106 | -4 | -1 | - | - | -3 | - | -10 | - | -10 | - | - | - | - |
Other Investing Activities | -13 | -26 | 25 | -10 | -35 | 10 | -10 | 9 | -21 | 8 | 5 | -1 | -74 | 2 | 65 | -9 | 83 | 14 | 10 | -19 |
Investing Cash Flow | -22 | -69 | -93 | -116 | -101 | -57 | -144 | -322 | -93 | -47 | -58 | -223 | -224 | -185 | -182 | -400 | -175 | -94 | -72 | -270 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | - | 109 | - | - | 4 | 450 | - | - | - | - | - | 39 | 87 | - | - | - | - | - | - |
Total Debt Issued | - | - | 109 | 541 | - | 4 | 450 | 143 | - | - | - | -32 | 39 | 87 | - | 981 | - | - | - | 173 |
Long-Term Debt Repaid | -30 | -263 | -35 | - | -129 | -64 | -373 | - | -24 | -38 | -30 | - | -80 | -83 | -31 | - | -23 | -37 | -26 | - |
Lease Payments | - | - | - | -3 | - | - | - | -3 | -1 | - | -1 | -2 | -3 | -3 | -2 | -3 | -2 | -3 | -1 | -2 |
Total Debt Repaid | -30 | -263 | -35 | -625 | -129 | -64 | -373 | -44 | -24 | -38 | -30 | -81 | -80 | -83 | -31 | -544 | -23 | -37 | -26 | -31 |
Net Debt Issued (Repaid) | -30 | -263 | 74 | -84 | -129 | -60 | 77 | 99 | -24 | -38 | -30 | -113 | -41 | 4 | -31 | 437 | -23 | -37 | -26 | 142 |
Issuance of Common Stock | - | 350 | - | 1 | 2 | - | - | 7 | 1 | 1 | 3 | 1 | - | 2 | 2 | 2 | - | - | 1 | - |
Repurchase of Common Stock | - | - | - | - | - | -21 | -3 | -29 | -24 | -58 | -32 | -14 | - | -39 | -34 | -24 | -10 | -3 | -15 | - |
Common Dividends Paid | -20 | -20 | -19 | -19 | -19 | -18 | -18 | -17 | -19 | -18 | -17 | -14 | -14 | -15 | -15 | -13 | -14 | -13 | -14 | -11 |
Preferred Dividends Paid | -14 | -14 | -13 | -12 | -14 | -13 | -13 | -13 | -13 | -13 | -13 | -12 | -14 | -12 | -13 | -12 | -11 | -10 | -10 | -10 |
Dividends Paid | -34 | -34 | -32 | -31 | -33 | -31 | -31 | -30 | -32 | -31 | -30 | -26 | -28 | -27 | -28 | -25 | -25 | -23 | -24 | -21 |
Other Financing Activities | -5 | -21 | -4 | -7 | -4 | -3 | -5 | -3 | -9 | -7 | -25 | -825 | -106 | -55 | -74 | -30 | -56 | -32 | -42 | -39 |
Financing Cash Flow | -69 | 32 | 38 | -121 | -164 | -115 | 38 | 44 | -88 | -133 | -114 | -977 | -175 | -115 | -165 | 360 | -114 | -95 | -106 | 82 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 2 | 3 | 1 | - | 3 | -1 | - | -1 | 2 | 4 | -1 | 7 | -3 | -6 | -2 | 7 | 3 | -5 | 1 | 1 |
Net Cash Flow | 43 | 28 | 69 | -6 | -11 | -16 | -99 | -64 | 50 | -68 | 71 | -883 | 279 | -295 | 113 | 318 | -82 | -323 | 274 | -133 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 79 | 17 | 96 | 140 | 198 | 84 | -25 | 104 | 155 | 50 | 176 | 76 | 516 | -181 | 178 | -86 | -76 | -258 | 379 | -82 |
Free Cash Flow Growth (YoY) | -60.10% | -79.76% | - | 34.62% | 27.74% | 68.00% | - | 36.84% | -69.96% | - | -1.12% | - | - | - | -53.03% | - | - | - | 138.37% | - |
Free Cash Flow Margin | 14.74% | 3.49% | 16.99% | 23.37% | 32.20% | 19.40% | -3.30% | 15.34% | 24.30% | 8.59% | 18.58% | 12.18% | 50.74% | -28.96% | 16.35% | -10.07% | -8.18% | -56.33% | 51.57% | -13.44% |
Free Cash Flow Per Share | 0.25 | 0.06 | 0.32 | 0.47 | 0.67 | 0.28 | -0.08 | 0.35 | 0.52 | 0.17 | 0.57 | 0.25 | 1.96 | -0.69 | 0.66 | -0.32 | -0.28 | -0.95 | 1.40 | -0.30 |
Levered Free Cash Flow | 99.88 | -20.25 | 92.25 | 183.13 | 58.75 | 96.5 | -36.38 | 155.25 | 11.5 | 37 | 120 | 55.25 | 292.38 | -334.75 | 150.25 | 1.13 | -64.38 | -183.13 | 427.13 | -264 |
Unlevered Free Cash Flow | 146.75 | 32.25 | 143.5 | 233.75 | 111.88 | 151.5 | 21.75 | 212.75 | 63.38 | 87 | 163.13 | 96.5 | 335.5 | -289.75 | 196.5 | 78.63 | -31.25 | -149.38 | 461.5 | -228.38 |
Free Cash Flow After Leases | 79 | 17 | 96 | 137 | 198 | 84 | -25 | 101 | 154 | 50 | 175 | 74 | 513 | -184 | 176 | -89 | -78 | -261 | 378 | -84 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 85 | 49 | 66 | 77 | 67 | 74 | 64 | 82 | 54 | 75 | 58 | 77 | 61 | 77 | 62 | 70 | 52 | 60 | 47 | 59 |
Cash Income Tax Paid | 18 | 27 | 39 | 5 | -14 | 27 | 67 | 48 | 19 | 25 | 12 | 23 | 1 | 33 | 37 | 14 | 10 | 26 | 18 | 17 |
Change in Working Capital | 32 | -120 | 19 | 97 | 104 | -81 | -117 | 97 | 48 | -114 | 7 | 135 | 355 | -408 | 42 | -64 | -276 | -260 | 284 | -148 |