TC Energy Corp (TCANF) cash flow statement

TCANFOTCNatural Gas TransmissionFiscal year ends December 31Also trades as TCENF, TCEYF, TNCAF, TRP, TRPEF, TRPPF, TRPRF

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 13, 2026Score 9/30

$14.96+0.00 (0.00%)

Close on Oct 19, 2026Market cap $66.96BP/E 27.5Yield 3.78%

TC Energy Corp cash flow statement

AnnualQuarterlyTTM

CAD USD

Millions of CAD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31
Depreciation & Amortization	2,769	2,788	2,778	2,584	2,522	2,590	2,464	2,350	2,055	1,939	1,765	1,611	1,485	1,375	1,328	–
Stock-Based Compensation	7.00	6.00	9.00	10	12	12	13	13	12	15	13	7.00	6.00	5.00	5.00	4.00
Deferred Income Taxes	771	427	-22	-41	-185	-58	55	284	566	196	-102	686	568	285	365	526
Other Non-Cash Items	-169	232	4.00	50	67	-57	46	45	20	-55	-47	-22	-32	-17	-72	7.00
Change in Accounts Receivable	-332	-13	-394	-575	-925	129	31	-69	-576	-482	-65	-189	-54	67	-15	-286
Change in Inventory	-55	-16	-56	-190	-93	-55	-42	-49	-38	-87	-3.00	-28	-30	27	3.00	25
Operating Cash Flow	7,346	7,696	7,268	6,375	6,890	7,058	7,082	6,555	5,230	5,069	4,384	4,226	3,674	3,571	3,686	2,876
Capital Expenditures	–	-7,904	-12,298	-8,961	-7,134	-8,900	-8,784	-10,929	-7,383	-5,007	-3,918	-3,489	-4,264	-2,595	-2,513	-4,376
Acquisitions	0	0	-307	0	0	-88	0	0	0	-13,608	-236	-241	-216	-214	0	–
Sale of Property, Plant & Equipment	0	791	33	0	35	3,407	2,398	614	4,683	6.00	0	196	0	0	–	–
Other Investing Activities	-126	-345	12	-41	-447	-559	-299	-295	-168	159	270	335	-117	208	92	–
Investing Cash Flow	-6,458	-6,909	-12,287	-7,009	-7,712	-6,052	-6,872	-10,019	-3,699	-18,783	-4,879	-4,291	-5,120	-3,256	-3,054	-5,296
Dividends Paid	-3,507	-3,953	-2,787	-3,192	-3,317	-2,987	-1,798	-1,571	-1,339	-1,436	-1,446	-1,345	-1,285	-1,226	-961	-710
Share Repurchases	–	–	–	–	–	–	–	0	0	-14	-294	0	0	–	–	–
Stock Issued	104	88	4.00	1,905	148	91	253	1,148	274	7,747	27	47	72	53	58	26
Debt Issued	–	–	–	–	–	–	–	6,238	3,643	12,333	5,045	1,403	4,253	1,491	1,622	2,371
Debt Repaid	-6,116	-9,273	-3,772	-1,338	-7,758	-3,977	-3,502	-3,550	-7,085	-7,153	-2,105	-1,069	-1,286	-980	-1,272	-494
Short-Term Debt Issued (Repaid), Net	876	341	-6,299	766	1,003	-220	1,656	817	1,038	-329	-1,382	544	-492	449	-224	472
Financing Cash Flow	-1,516	-3,874	8,093	487	-88	-800	693	2,748	-1,419	14,007	744	-373	1,794	-403	-642	2,188
Foreign Exchange Rate Adjustments	-5.00	210	-16	94	53	-19	-6.00	73	-39	–	–	–	–	–	–	–
Net Change in Cash	-633	-2,877	3,058	-53	-857	187	897	-643	73	166	361	-438	376	-103	-6.00	–
Free Cash Flow	–	-208	-5,030	-2,586	-244	-1,842	-1,702	-4,374	-2,153	62	466	737	-590	976	1,173	-1,500
Income Taxes Paid	543	387	791	394	371	252	713	338	247	105	162	109	202	-190	-84	53
Interest Paid	3,284	3,398	2,931	2,478	2,299	2,203	2,295	2,156	1,987	1,721	1,266	1,123	985	966	926	652

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 98.6%
Operating margin: 52.7%
Net margin: 23.1%
Return on equity, FY2025: 12.8%

Financial strength

Current ratio: 0.63
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 1.7%

Valuation

P/E ratio: 27.5
Price to sales: 6.15
Price to book: 3.43
Dividend yield: 3.78%