TC Energy Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	4,070	4,094	5,379	3,068	785	2,046
Depreciation & Amortization	2,814	2,769	2,788	2,778	2,584	2,522
Other Adjustments	1,411	986	-670	1,215	3,645	2,609
Changes in Other Operating Activities	346	-503	199	207	-639	-287
Operating Cash Flow	8,590	7,346	7,696	7,268	6,375	6,890
Operating Cash Flow Growth	22.49%	-4.55%	5.89%	14.01%	-7.47%	-2.38%
Capital Expenditures	-4,796	-5,286	-6,358	-8,149	-6,727	-5,924
Sale of Property, Plant & Equipment	-	-	791	33	-	35
Purchases of Investments	-1,039	-1,051	-4,683	-4,149	-3,433	-1,210
Proceeds from Sale of Investments	-	5	3,686	23	2,632	73
Payments for Business Acquisitions	-	-	-	-307	-	-
Other Investing Activities	-151	-126	-345	262	519	-686
Investing Cash Flow	-5,986	-6,458	-6,909	-12,287	-7,009	-7,712
Short-Term Debt Issued	714	876	341	-6,299	766	1,003
Net Short-Term Debt Issued (Repaid)	714	876	341	-6,299	766	1,003
Long-Term Debt Issued	4,979	8,069	9,554	15,884	3,516	11,225
Long-Term Debt Repaid	-4,617	-6,116	-9,273	-3,772	-1,338	-7,758
Net Long-Term Debt Issued (Repaid)	362	1,953	281	12,112	2,178	3,467
Issuance of Common Stock	136	104	88	4	1,905	148
Net Common Stock Issued (Repurchased)	136	104	88	4	1,905	148
Repurchase of Preferred Stock	-	-250	-	-	-1,000	-500
Net Preferred Stock Issued (Repurchased)	-	-250	-	-	-1,000	-500
Common Dividends Paid	-3,536	-3,507	-3,953	-2,787	-3,192	-3,317
Preferred Share Dividends Paid	-113	-114	-99	-92	-106	-141
Other Financing Activities	-83	-578	-532	5,155	-64	-748
Financing Cash Flow	-3,505	-1,516	-3,874	8,093	487	-88
Effect of Exchange Rate Changes on Cash and Cash Equivalents	22	-5	210	-16	94	53
Net Cash Flow	-879	-633	-2,877	3,058	-53	-857
Free Cash Flow	3,794	2,060	1,338	-881	-352	966
Free Cash Flow Growth	84.17%	53.96%	-	-	-	-
FCF Margin	24.51%	13.52%	9.72%	-6.64%	-2.86%	7.22%
Free Cash Flow Per Share	3.64	1.98	1.29	-0.86	-0.35	0.99
Levered Free Cash Flow	2,761	3,209	1,845	3,478	-1,197	2,596
Unlevered Free Cash Flow	-125.6	2,328	1,512	-779.99	-3,339	-731.46

SEC Filings: 10-K · 10-Q