NASDAQ : TLN
Talen Energy Corporation — Financial statements
Utilities · Utilities - Independent Power Producers · United States
Last price 343.12 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 16.44B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Talen Energy Corporation (TLN) reported revenue of 3.74B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.74B | 2.63B | 2.07B | 2.44B | 2.41B | 1.77B |
| Fuel & Purchased Power | 1.51B | 1.00B | 817.00M | 741.00M | 1.03B | 952.00M |
| Operations & Maintenance | 657.00M | 620.00M | 592.00M | 643.00M | 610.00M | 584.00M |
| Selling, General & Admin | 671.00M | 624.00M | 163.00M | 144.00M | 106.00M | 88.00M |
| Depreciation & Amortization | 330.00M | 279.00M | 298.00M | 365.00M | 520.00M | 524.00M |
| Other Operating Expenses | 421.00M | 153.00M | -24.00M | 78.00M | -630.00M | 675.00M |
| Total Operating Expenses | 3.59B | 2.68B | 1.85B | 1.97B | 1.64B | 2.82B |
| Operating Income | 153.00M | -55.00M | 227.00M | 468.00M | 774.00M | -1.05B |
| Interest Expense | -499.00M | -302.00M | -238.00M | -339.00M | -359.00M | -325.00M |
| Net Interest Expense | -499.00M | -302.00M | -238.00M | -339.00M | -359.00M | -325.00M |
| Other Non-Operating Income (Expenses) | 252.00M | 192.00M | 239.00M | 122.00M | -255.00M | 96.00M |
| EBT Excluding Unusual Items | -94.00M | -165.00M | 228.00M | 251.00M | 160.00M | -1.28B |
| Restructuring Charges | -488.00M | |||||
| Total Merger & Restructuring Charges | -72.00M | -43.00M | ||||
| Gain (Loss) on Sale of Assets | 42.00M | 42.00M | 884.00M | 101.00M | -170.00M | |
| Asset Writedown | -1.00M | -384.00M | ||||
| Legal Settlements | 104.00M | -18.00M | ||||
| Other Unusual Items | 799.00M | -812.00M | ||||
| Pretax Income | -124.00M | -166.00M | 1.11B | 871.00M | -1.33B | -1.28B |
| Income Tax Expense | 61.00M | 53.00M | 98.00M | 263.00M | -35.00M | -300.00M |
| Earnings From Continuing Ops. | -185.00M | -219.00M | 1.01B | 608.00M | -1.29B | -977.00M |
| Net Income to Company | -185.00M | -219.00M | 1.01B | 608.00M | -1.29B | -977.00M |
| Minority Interest in Earnings | -15.00M | 5.00M | 4.00M | |||
| Net Income | -185.00M | -219.00M | 998.00M | 613.00M | -1.29B | -977.00M |
| Preferred Dividends & Other Adjustments | 479.00M | |||||
| Net Income to Common | -185.00M | -219.00M | 998.00M | 134.00M | -1.29B | -977.00M |
| Shares Outstanding (Basic) | 45.72M | 45.69M | 54.25M | 59.03M | 450.00K | 450.00K |
| Shares Outstanding (Diluted) | 45.72M | 45.69M | 56.49M | 59.40M | 450.00K | 450.00K |
| EPS (Basic) | -4.05 | -4.79 | 18.39 | 2.27 | -2,864.44 | -2,171.11 |
| EPS (Diluted) | -4.05 | -4.79 | 17.67 | 2.26 | -2,864.44 | -2,171.11 |
| Free Cash Flow | 444.00M | 498.00M | 67.00M | 516.00M | -125.00M | -518.00M |
| Free Cash Flow Per Share | 9.71 | 10.90 | 1.19 | 8.69 | -277.78 | -1,151.11 |
| Profit Margin | -4.95% | -8.34% | 48.14% | 5.49% | -53.44% | -55.04% |
| Free Cash Flow Margin | 11.87% | 18.96% | 3.23% | 21.16% | -5.18% | -29.18% |
| EBITDA | 582.00M | 321.00M | 648.00M | 975.00M | 1.39B | -426.00M |
| EBITDA Margin | 15.56% | 12.22% | 31.26% | 39.98% | 57.63% | -24.00% |
| D&A For EBITDA | 429.00M | 376.00M | 421.00M | 507.00M | 616.00M | 622.00M |
| EBIT | 153.00M | -55.00M | 227.00M | 468.00M | 774.00M | -1.05B |
| EBIT Margin | 4.09% | -2.09% | 10.95% | 19.19% | 32.09% | -59.04% |
| Effective Tax Rate | 8.82% | 30.20% | ||||
| Revenue as Reported | 3.44B | 2.58B | 2.12B | 2.55B | 3.09B | 928.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 231.00M | 689.00M | 328.00M | 400.00M | 724.00M | 276.00M |
| Trading Asset Securities | 1.00M | 1.00M | 1.00M | 9.00M | ||
| Accounts Receivable | 240.00M | 160.00M | 66.00M | 52.00M | 350.00M | 56.00M |
| Other Receivables | 54.00M | 36.00M | 57.00M | 85.00M | 58.00M | 56.00M |
| Inventory | 298.00M | 278.00M | 302.00M | 375.00M | 457.00M | 403.00M |
| Restricted Cash | 7.00M | 63.00M | 37.00M | 501.00M | 264.00M | 477.00M |
| Other Current Assets | 197.00M | 123.00M | 249.00M | 140.00M | 2.40B | 1.54B |
| Total Current Assets | 1.03B | 1.35B | 1.04B | 1.55B | 4.26B | 2.81B |
| Property, Plant & Equipment | 11.92B | 7.54B | 3.15B | 3.83B | 4.62B | 4.71B |
| Other Intangible Assets | 5.00M | 5.00M | 5.00M | 5.00M | 80.00M | 88.00M |
| Long-Term Investments | 2.00M | 1.00M | 126.00M | |||
| Other Long-Term Assets | 2.11B | 2.01B | 1.91B | 1.73B | 1.75B | 2.40B |
| Total Assets | 15.07B | 10.90B | 6.11B | 7.12B | 10.72B | 10.13B |
| Accounts Payable | 347.00M | 281.00M | 266.00M | 344.00M | 507.00M | 293.00M |
| Accrued Expenses | 173.00M | 561.00M | 18.00M | 32.00M | 319.00M | 67.00M |
| Short-Term Debt | 6.00M | 848.00M | 853.00M | |||
| Current Portion of Long-Term Debt | 30.00M | 33.00M | 17.00M | 9.00M | 1.01B | 170.00M |
| Current Portion of Leases | 10.00M | |||||
| Other Current Liabilities | 766.00M | 165.00M | 154.00M | 95.00M | 2.27B | 2.14B |
| Total Current Liabilities | 1.32B | 1.05B | 455.00M | 486.00M | 4.96B | 3.52B |
| Long-Term Debt | 9.54B | 6.79B | 2.99B | 2.82B | 4.05B | 3.79B |
| Long-Term Unearned Revenue | 769.00M | 662.00M | ||||
| Pension & Post-Retirement Benefits | 214.00M | 229.00M | 305.00M | 368.00M | 309.00M | 315.00M |
| Long-Term Deferred Tax Liabilities | 904.00M | 486.00M | 362.00M | 407.00M | 158.00M | 216.00M |
| Other Long-Term Liabilities | 682.00M | 595.00M | 610.00M | 509.00M | 1.73B | 1.57B |
| Total Liabilities | 13.43B | 9.81B | 4.72B | 4.59B | 11.20B | 9.41B |
| Common Stock | -573.00M | |||||
| Additional Paid-In Capital | 2.53B | 1.71B | 1.73B | 2.35B | 2.97B | |
| Retained Earnings | -905.00M | -612.00M | -326.00M | 134.00M | -2.10B | |
| Comprehensive Income & Other | -12.00M | -4.00M | -12.00M | -23.00M | -154.00M | |
| Total Common Equity | 1.62B | 1.09B | 1.39B | 2.46B | -573.00M | 711.00M |
| Minority Interest | 23.00M | 77.00M | 91.00M | 5.00M | ||
| Shareholders' Equity | 1.64B | 1.09B | 1.39B | 2.53B | -482.00M | 716.00M |
| Total Liabilities & Equity | 15.07B | 10.90B | 6.11B | 7.12B | 10.72B | 10.13B |
| Total Debt | 9.57B | 6.83B | 3.00B | 2.83B | 5.91B | 4.81B |
| Net Cash (Debt) | -9.34B | -6.14B | -2.67B | -2.43B | -5.18B | -4.54B |
| Net Cash Per Share | -204.32 | -134.47 | -47.36 | -40.93 | -11,504.44 | -10,080.00 |
| Filing Date Shares Outstanding | 47.91M | 45.70M | 45.96M | 59.03M | 449.75K | 450.00K |
| Total Common Shares Outstanding | 47.90M | 45.69M | 45.96M | 59.03M | 449.75K | 450.00K |
| Working Capital | -288.00M | 299.00M | 585.00M | 1.07B | -693.00M | -717.00M |
| Book Value Per Share | 33.74 | 23.92 | 30.18 | 41.62 | -1,274.05 | 1,580.00 |
| Tangible Book Value | 1.61B | 1.09B | 1.38B | 2.45B | -653.00M | 623.00M |
| Tangible Book Value Per Share | 33.63 | 23.81 | 30.07 | 41.54 | -1,451.93 | 1,384.44 |
| Machinery | 11.75B | 7.52B | 3.03B | 3.18B | 10.60B | 10.66B |
| Construction In Progress | 229.00M | 258.00M | 169.00M | 255.00M | 576.00M | 216.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -185.00M | -219.00M | 998.00M | 608.00M | -1.29B | -977.00M |
| Depreciation & Amortization | 429.00M | 376.00M | 421.00M | 507.00M | 616.00M | 622.00M |
| Other Amortization | 31.00M | |||||
| Loss (Gain) on Sale of Assets | -36.00M | -36.00M | -57.00M | |||
| Asset Writedown | 1.00M | 384.00M | ||||
| Restructuring Activities | -933.00M | 587.00M | ||||
| Stock-Based Compensation | 568.00M | 526.00M | 33.00M | 19.00M | ||
| Change in Accounts Receivable | -44.00M | 14.00M | 269.00M | -298.00M | 24.00M | |
| Change in Inventory | -39.00M | 29.00M | 67.00M | -58.00M | -55.00M | 72.00M |
| Change in Accounts Payable | 29.00M | -48.00M | -69.00M | -118.00M | 187.00M | 24.00M |
| Change in Other Net Operating Assets | -364.00M | -40.00M | -21.00M | 95.00M | 514.00M | -140.00M |
| Other Operating Activities | 394.00M | 160.00M | -1.19B | 148.00M | -75.00M | 50.00M |
| Operating Cash Flow | 796.00M | 704.00M | 256.00M | 864.00M | 187.00M | -294.00M |
| Capital Expenditures | -228.00M | -98.00M | -85.00M | -254.00M | -232.00M | -142.00M |
| Sale of Property, Plant & Equipment | 40.00M | 40.00M | 1.40B | 54.00M | ||
| Cash Acquisitions | -6.36B | -3.79B | ||||
| Investment in Securities | -162.00M | -65.00M | ||||
| Nuclear Fuel Expenditures | -124.00M | -108.00M | -104.00M | -94.00M | -80.00M | -82.00M |
| Contributions to Nuclear Demissioning Trust | -956.00M | -1.96B | -2.29B | -2.25B | -2.27B | -1.83B |
| Other Investing Activities | 916.00M | 1.92B | 2.25B | 2.21B | 2.38B | 1.84B |
| Investing Cash Flow | -6.71B | -4.00B | 1.17B | -328.00M | -368.00M | -280.00M |
| Short-Term Debt Issued | 75.00M | |||||
| Long-Term Debt Issued | 3.89B | 849.00M | 2.51B | 987.00M | 131.00M | |
| Total Debt Issued | 8.39B | 3.96B | 849.00M | 2.51B | 987.00M | 131.00M |
| Short-Term Debt Repaid | -75.00M | |||||
| Long-Term Debt Repaid | -17.00M | -661.00M | -4.21B | -52.00M | -141.00M | |
| Total Debt Repaid | -1.79B | -92.00M | -661.00M | -4.21B | -52.00M | -141.00M |
| Net Debt Issued (Repaid) | 6.60B | 3.87B | 188.00M | -1.71B | 935.00M | -10.00M |
| Issuance of Common Stock | 1.39B | |||||
| Repurchase of Common Stock | -438.00M | -103.00M | -1.96B | |||
| Other Financing Activities | -139.00M | -84.00M | -193.00M | -309.00M | -509.00M | 966.00M |
| Financing Cash Flow | 6.02B | 3.69B | -1.96B | -623.00M | 426.00M | 956.00M |
| Net Cash Flow | 103.00M | 387.00M | -536.00M | -87.00M | 245.00M | 382.00M |
| Free Cash Flow | 444.00M | 498.00M | 67.00M | 516.00M | -125.00M | -518.00M |
| Free Cash Flow Margin | 11.87% | 18.96% | 3.23% | 21.16% | -5.18% | -29.18% |
| Free Cash Flow Per Share | 9.71 | 10.90 | 1.19 | 8.69 | -277.78 | -1,151.11 |
| Levered Free Cash Flow | 1.26B | 1.09B | 667.12M | 8.62M | 161.38M | |
| Unlevered Free Cash Flow | 1.57B | 1.28B | 815.88M | 220.50M | 385.75M | |
| Cash Interest Paid | 280.00M | 233.00M | 255.00M | 416.00M | 277.00M | 316.00M |
| Cash Income Tax Paid | 71.00M | 20.00M | 19.00M | 14.00M | 20.00M | |
| Change in Working Capital | -374.00M | -103.00M | -9.00M | 188.00M | 348.00M | -20.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.96B | 17.13B | 9.26B | 3.78B | ||
| Enterprise Value | 25.30B | 19.64B | 11.30B | 6.45B | ||
| PE Ratio | 9.28 | 28.19 | ||||
| PS Ratio | 4.27 | 6.52 | 4.47 | 1.55 | ||
| PB Ratio | 10.17 | 15.67 | 6.68 | 1.49 | ||
| P/FCF Ratio | 35.97 | 34.39 | 138.21 | 7.32 | ||
| P/OCF Ratio | 20.06 | 24.33 | 36.17 | 4.37 | ||
| EV/Sales Ratio | 6.77 | 7.48 | 5.45 | 2.64 | ||
| EV/EBITDA Ratio | 43.49 | 61.17 | 17.43 | 6.62 | ||
| EV/EBIT Ratio | 165.44 | 49.77 | 13.78 | |||
| EV/FCF Ratio | 57.01 | 39.43 | 168.63 | 12.50 | ||
| Debt / Equity Ratio | 5.84 | 6.25 | 2.17 | 1.12 | -12.26 | 6.72 |
| Debt / EBITDA Ratio | 16.45 | 21.29 | 4.64 | 2.90 | 4.25 | |
| Debt / FCF Ratio | 21.56 | 13.72 | 44.84 | 5.49 | ||
| Net Debt / Equity Ratio | 5.70 | 5.62 | 1.93 | 0.96 | -10.74 | 6.33 |
| Net Debt / EBITDA Ratio | 16.05 | 19.14 | 4.13 | 2.49 | 3.72 | -10.65 |
| Net Debt / FCF Ratio | 21.04 | 12.34 | 39.92 | 4.71 | -41.42 | -8.76 |
| Quick Ratio | 0.40 | 0.84 | 0.99 | 1.11 | 0.23 | 0.11 |
| Current Ratio | 0.78 | 1.28 | 2.29 | 3.20 | 0.86 | 0.80 |
| Asset Turnover | 0.36 | 0.31 | 0.31 | 0.27 | 0.23 | |
| Return on Equity (ROE) | -12.83% | -17.66% | 51.67% | 59.26% | -1,105.13% | |
| Return on Assets (ROA) | 0.92% | -0.40% | 2.15% | 3.28% | 4.64% | |
| Return on Capital Employed (ROCE) | 1.10% | -0.60% | 4.00% | 7.10% | 13.40% | -15.90% |
| Earnings Yield | -1.21% | -1.28% | 10.78% | 16.23% | ||
| FCF Yield | 2.78% | 2.91% | 0.72% | 13.66% | ||
| Buyback Yield / Dilution | 7.07% | 19.11% | 4.90% | -13,099.78% | 99.59% |