Transalta Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Transalta Corp reported revenue of $2.4B (-15.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues (Note 5) | $2.4B | $2.8B | $3.4B | $3.0B |
| Fuel and purchased power (Note 6) | $935.0M | $939.0M | $1.1B | $1.3B |
| Carbon compliance costs (Note 16) | $50.0M | $112.0M | $112.0M | $78.0M |
| Gross margin | $1.4B | $1.8B | $2.2B | $1.6B |
| Operations, maintenance and administration (Note 6) | $711.0M | $655.0M | $539.0M | $521.0M |
| Depreciation and amortization (Note 19, 20, 21 and 27) | $579.0M | $531.0M | $621.0M | $599.0M |
| Asset impairment (reversals) charges (Note 7) | ($13.0M) | $46.0M | ($48.0M) | $9.0M |
| Taxes, other than income taxes | $50.0M | $36.0M | $29.0M | $33.0M |
| Net other operating income (Note 8) | ($47.0M) | ($59.0M) | ($47.0M) | ($58.0M) |
| Operating income | $140.0M | $585.0M | $1.1B | $531.0M |
| Equity income (Note 9) | $6.0M | $5.0M | $4.0M | $9.0M |
| Fair value change in contingent consideration payable (Note 7) | $37.0M | — | — | — |
| Finance lease income (Note 17) | $23.0M | $14.0M | $12.0M | $19.0M |
| Interest income | $28.0M | $30.0M | $59.0M | — |
| Interest expense (Note 10) | ($347.0M) | ($324.0M) | ($281.0M) | ($262.0M) |
| Foreign exchange (loss) gain | ($21.0M) | $5.0M | ($7.0M) | $4.0M |
| (Loss) gain on sale of assets and other | ($7.0M) | — | — | — |
| (Loss) earnings before income taxes | ($141.0M) | $319.0M | $880.0M | $353.0M |
| Income tax expense (Note 11) | $17.0M | $80.0M | $84.0M | $192.0M |
| Common shareholders | ($138.0M) | $229.0M | $695.0M | $50.0M |
| Non-controlling interests (Note 12) | ($20.0M) | $10.0M | $101.0M | $111.0M |
| Net (loss) earnings | ($158.0M) | $239.0M | $796.0M | $161.0M |
| Preferred share dividends (Note 29) | $52.0M | $52.0M | $51.0M | $46.0M |
| Net (loss) earnings attributable to common shareholders | ($190.0M) | $177.0M | $644.0M | $4.0M |
| Weighted average number of common shares outstanding in the year (in shares) | 297.0M | 302.0M | 276.0M | 271.0M |
| Net earnings (loss) per share attributable to common shareholders, basic (in CAD per share) | -$0.64 | $0.59 | $2.33 | $0.01 |
| Net earnings (loss) per share attributable to common shareholders, diluted (in CAD per share) | -$0.64 | $0.59 | $2.33 | $0.01 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $205.0M | $337.0M | $348.0M | $1.1B |
| Restricted cash (Note 25) | $78.0M | $69.0M | $69.0M | $70.0M |
| Trade and other receivables | $699.0M | $767.0M | $807.0M | $1.6B |
| Prepaid expenses and other | $51.0M | $68.0M | $48.0M | $33.0M |
| Risk management assets (Note 14 and 15) | $162.0M | $318.0M | $151.0M | $709.0M |
| Inventory (Note 16) | $111.0M | $134.0M | $157.0M | $157.0M |
| Assets held for sale (Note 4 and 18) | $30.0M | — | — | $22.0M |
| Current assets | $1.3B | $1.8B | $1.6B | $3.7B |
| Investments (Note 9) | $144.0M | $159.0M | $138.0M | $129.0M |
| Long-term portion of finance lease receivables | $277.0M | $305.0M | $171.0M | $129.0M |
| Risk management assets non-current | $32.0M | $93.0M | $52.0M | $161.0M |
| Property, plant and equipment (Note 19) | $5.7B | $6.0B | $5.7B | $5.6B |
| Right-of-use assets | $111.0M | $120.0M | $117.0M | $126.0M |
| Intangible assets | $243.0M | $281.0M | $223.0M | $252.0M |
| Total goodwill | $516.0M | $517.0M | $464.0M | $464.0M |
| Deferred income tax assets (Note 11) | $41.0M | $52.0M | $21.0M | $50.0M |
| Long-term financial assets (Note 14) | $140.0M | — | — | — |
| Other assets (Note 23) | $156.0M | $179.0M | $179.0M | $160.0M |
| Total assets | $8.7B | $9.5B | $8.7B | $10.7B |
| Bank overdraft | $0 | $1.0M | $3.0M | $16.0M |
| Accounts payable, accrued liabilities and other current liabilities (Note 13) | $613.0M | $756.0M | $797.0M | $1.3B |
| Current portion of decommissioning and other provisions (Note 24) | $84.0M | $83.0M | $35.0M | $70.0M |
| Risk management liabilities (Note 14 and 15) | $156.0M | $277.0M | $314.0M | $1.1B |
| Dividends payable (Note 28 and 29) | $52.0M | $49.0M | $49.0M | $68.0M |
| Exchangeable securities (Note 26) | $750.0M | $750.0M | — | — |
| Contingent consideration payable (Note 4 and 7) | $0 | $81.0M | — | — |
| Current portion of long-term debt and lease liabilities (Note 25) | $175.0M | $572.0M | $532.0M | $178.0M |
| Current liabilities | $1.8B | $2.6B | $1.7B | $2.9B |
| Credit facilities, long-term debt and lease liabilities (Note 25) | $3.4B | $3.2B | $2.9B | $3.5B |
| Decommissioning and other provisions (Note 24) | $807.0M | $850.0M | $654.0M | $659.0M |
| Deferred income tax liabilities (Note 11) | $423.0M | $470.0M | $386.0M | $352.0M |
| Risk management liabilities (Note 14 and 15) | $519.0M | $305.0M | $274.0M | $333.0M |
| Contract liabilities (Note 5) | $26.0M | $24.0M | $10.0M | $12.0M |
| Defined benefit obligation and other long-term liabilities (Note 27) | $173.0M | $202.0M | $251.0M | $294.0M |
| Total liabilities | $7.2B | — | — | — |
| Common shares (Note 28) | 3.2B | 3.2B | 3.3B | 2.9B |
| Preferred shares (Note 29) | 942.0M | 942.0M | 942.0M | 942.0M |
| Contributed surplus | $42.0M | $42.0M | $41.0M | $41.0M |
| Deficit | ($2.7B) | ($2.5B) | ($2.6B) | ($2.5B) |
| Accumulated other comprehensive (loss) income (Note 30) | ($24.0M) | $41.0M | ($164.0M) | ($222.0M) |
| Equity attributable to shareholders | $1.4B | $1.7B | $1.5B | $1.1B |
| Non-controlling interests (Note 12) | $66.0M | $97.0M | $127.0M | $879.0M |
| Total equity | $1.5B | $1.8B | $1.7B | $2.0B |
| Total liabilities and equity | $8.7B | $9.5B | $8.7B | $10.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net (loss) earnings | ($158.0M) | $239.0M | $796.0M | $161.0M |
| Depreciation and amortization | $579.0M | $531.0M | $621.0M | $599.0M |
| Gain on sale of assets and other | ($1.0M) | ($1.0M) | ($3.0M) | ($32.0M) |
| Accretion of provisions | $57.0M | $50.0M | $48.0M | $49.0M |
| Decommissioning and restoration costs settled | ($39.0M) | ($41.0M) | ($37.0M) | ($35.0M) |
| Deferred income tax (recovery) expense | ($32.0M) | ($63.0M) | $34.0M | $127.0M |
| Unrealized loss from risk management activities | $289.0M | $2.0M | ($36.0M) | $385.0M |
| Unrealized foreign exchange loss (gain) | $6.0M | ($29.0M) | ($9.0M) | ($82.0M) |
| Provisions and contract liabilities | ($32.0M) | $23.0M | ($1.0M) | $19.0M |
| Asset impairment charges | ($13.0M) | $46.0M | ($48.0M) | $9.0M |
| Equity (loss) income, net of distributions from investments | ($1.0M) | $0 | $2.0M | ($4.0M) |
| Other non-cash items | ($12.0M) | $1.0M | ($27.0M) | ($3.0M) |
| Cash flow from operations before changes in working capital | $643.0M | $758.0M | $1.3B | $1.2B |
| Change in non-cash operating working capital | $3.0M | $38.0M | $124.0M | ($316.0M) |
| Cash flow from operating activities | $646.0M | $796.0M | $1.5B | $877.0M |
| Additions to property, plant and equipment (Note 19 and 37) | ($249.0M) | ($311.0M) | ($875.0M) | ($918.0M) |
| Additions to intangible assets (Note 21 and 37) | ($11.0M) | ($10.0M) | ($13.0M) | ($31.0M) |
| Restricted cash (Note 25) | ($7.0M) | ($1.0M) | $1.0M | $0 |
| Loan advances (Note 23) | ($6.0M) | ($1.0M) | — | — |
| Increase in long-term financial assets (Note 14) | $0 | ($217.0M) | $0 | ($10.0M) |
| Increase in long-term financial assets (Note 14) | ($145.0M) | — | — | — |
| Investments (Note 9) | ($7.0M) | ($5.0M) | ($13.0M) | ($10.0M) |
| Proceeds on sale of property, plant and equipment | $8.0M | $4.0M | $29.0M | $66.0M |
| Realized (loss) gain on financial instruments | ($2.0M) | $1.0M | $18.0M | $27.0M |
| Decrease in finance lease receivable (Note 17) | $30.0M | $21.0M | $55.0M | $46.0M |
| Development expenditures | ($2.0M) | — | — | — |
| Other | ($4.0M) | $19.0M | ($25.0M) | $45.0M |
| Change in non-cash investing working capital balances | ($23.0M) | ($20.0M) | ($2.0M) | $26.0M |
| Cash flow used in investing activities | ($418.0M) | ($520.0M) | ($814.0M) | ($741.0M) |
| Net (decrease) increase in borrowings under credit facilities (Note 25 and 33) | ($448.0M) | $143.0M | ($46.0M) | $449.0M |
| Repayment of long-term debt (Note 25 and 33) | ($736.0M) | ($131.0M) | ($164.0M) | ($621.0M) |
| Issuance of long-term debt (Note 25 and 33) | $991.0M | $0 | $39.0M | $532.0M |
| Dividends paid on common shares/preferred shares | -126.0M | -123.0M | -109.0M | -97.0M |
| Repurchase of common shares under NCIB (Note 28) | -24.0M | -143.0M | -87.0M | -52.0M |
| Proceeds on issuance of common shares | 3.0M | 12.0M | 5.0M | 3.0M |
| Realized gain on financial instruments | $2.0M | $4.0M | ($30.0M) | $42.0M |
| Distributions paid to subsidiaries' non-controlling interests (Note 12) | ($11.0M) | ($40.0M) | ($223.0M) | ($187.0M) |
| Decrease in lease liabilities (Note 25 and 33) | ($4.0M) | ($6.0M) | ($10.0M) | ($9.0M) |
| Financing fees and other | ($8.0M) | ($1.0M) | $1.0M | ($13.0M) |
| Change in non-cash financing working capital balances | ($1.0M) | ($6.0M) | $3.0M | ($2.0M) |
| Cash flow used in financing activities | ($362.0M) | ($291.0M) | ($1.4B) | $45.0M |
| Cash flow used in operating, investing and financing activities | ($134.0M) | ($15.0M) | ($782.0M) | $181.0M |
| Effect of translation on foreign currency cash | $2.0M | $4.0M | ($4.0M) | $6.0M |
| Decrease in cash and cash equivalents | ($132.0M) | ($11.0M) | ($786.0M) | $187.0M |
| Cash and cash equivalents, beginning of year | $337.0M | $348.0M | $348.0M | $1.1B |
Transalta Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.