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Tri-State Generation & Transmission Association, Inc.

EDGAR

Quarterly report (10-Q) · filed 2026-08-07

Annual consolidated revenue for 2025: about USD 1.602B, using the latest reported figures. The previous period, 2024, was about USD 1.612B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

396 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 396453000 USD Source

Operating margin

11.9%

2026 Q2 · %

Exact inputs and evidence

Operating Income: 47183000 USD Source
Revenue: 396453000 USD Source

Operating cash flow

207 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 205304000 USD Source
Operating Cash Flow: -1615000 USD Source

Free cash flow

121 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 205304000 USD Source
Operating Cash Flow: -1615000 USD Source
Capital Expenditure: 138355000 USD Source
Capital Expenditure: 52689000 USD Source

Cash and cash equivalents: 183 million USD 2026-06-30 Source
Exact value

182558000 USD
Long-term debt including current maturities: 2.93 billion USD 2026-06-30 Source
Exact value

2932242000 USD
Shares outstanding: Not available

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-07.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 8 of 11 periods available· newest 2025-12-31
Operating income: 8 of 11 periods available· newest 2025-12-31
Net income: 8 of 11 periods available· newest 2025-12-31
Operating cash flow: 8 of 11 periods available· newest 2025-12-31
Capital expenditure: 8 of 11 periods available· newest 2025-12-31
Total assets: 7 of 11 periods available· newest 2025-12-31
liabilities: No compatible figures in this window
Current assets: 7 of 11 periods available· newest 2025-12-31
Current liabilities: 7 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 7 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 7 of 11 periods available· newest 2025-12-31
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
-0.7%

Prior period

USD 1.61 billion

2024-01-01 – 2024-12-31
Current period

USD 1.6 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

1601565000 − 1612390000 = -10825000 USD

1612390000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
1601565000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Tri-State Generation & Transmission Association, Inc. · 2025-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Year-over-year change in Revenue: -10825000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 1601565000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#941917 Filing: 000163788026000012 Input fundies:Revenue: 1612390000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#942658 Filing: 000163788026000012
The citation records this snapshot. The page link may show a newer release later.
Net income
-2.2%

Prior period

USD 20.54 million

2024-01-01 – 2024-12-31
Current period

USD 20.1 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

20099000 − 20541000 = -442000 USD

20541000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
20099000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Tri-State Generation & Transmission Association, Inc. · 2025-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Year-over-year change in Net income: -442000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 20099000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#991782 Filing: 000163788026000012 Input fundies:NetIncome: 20541000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#992768 Filing: 000163788026000012
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-89.5%

Prior period

USD 841.88 million

2024-01-01 – 2024-12-31
Current period

USD 88.23 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

88227000 − 841883000 = -753656000 USD

841883000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
88227000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Tri-State Generation & Transmission Association, Inc. · 2025-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Year-over-year change in Operating cash flow: -753656000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 88227000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1133662 Filing: 000163788026000012 Input fundies:OperatingCashFlow: 841883000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1134432 Filing: 000163788026000012
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+6.9%

Prior period

USD 329.35 million

2024-01-01 – 2024-12-31
Current period

USD 352.2 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

352204000 − 329351000 = 22853000 USD

329351000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
352204000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · Tri-State Generation & Transmission Association, Inc. · 2025-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Year-over-year change in Capital expenditure: 22853000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 352204000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1136723 Filing: 000163788026000012 Input fundies:CapitalExpenditure: 329351000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1137314 Filing: 000163788026000012
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 1.6 billion 100% of revenue
Operating costs Derived USD 1.43 billion 89% of revenue
Operating income USD 170.65 million 11% of revenue
Tax, interest and other Derived USD 150.55 million 9.4% of revenue
Net income USD 20.1 million 1.3% of revenue

Cash

Operating cash flow USD 88.23 million 5.5% of revenue
Capital expenditure USD 352.2 million 22% of revenue
Free cash flow Derived −USD 263.98 million −16% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2018 88%
2019 88%
2020 9.8%88%
2021 9.2%89%
2022 93%
2023 9.6%90%
2024 90%
2025 9.4%89%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2018 2018-01-01 – 2018-12-31	1320837000	1159444000 Derived	161393000	118659000 Derived	42734000	-64435000 Derived	Source 2018-01-01 – 2018-12-31: 1320837000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 161393000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 42734000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 216277000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 280712000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	1385472000	1219047000 Derived	166425000	121116000 Derived	45309000	20448000 Derived	Source 2019-01-01 – 2019-12-31: 1385472000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 166425000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 45309000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 233263000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 212815000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	1352295000	1194635000 Derived	157660000	132539000 Derived	25121000	188767000 Derived	Source 2020-01-01 – 2020-12-31: 1352295000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 157660000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 25121000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 330919000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 142152000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	1400801000	1244903000 Derived	155898000	129552000 Derived	26346000	51485000 Derived	Source 2021-01-01 – 2021-12-31: 1400801000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 155898000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 26346000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 169907000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 118422000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	1533571000	1418956000 Derived	114615000	114615000 Derived	0	31069000 Derived	Source 2022-01-01 – 2022-12-31: 1533571000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 114615000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 0 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 152596000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 121527000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	1467416000	1316027000 Derived	151389000	141302000 Derived	10087000	-54997000 Derived	Source 2023-01-01 – 2023-12-31: 1467416000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 151389000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 10087000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 124401000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 179398000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	1612390000	1449689000 Derived	162701000	142160000 Derived	20541000	512532000 Derived	Source 2024-01-01 – 2024-12-31: 1612390000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 162701000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 20541000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 841883000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 329351000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	1601565000	1430915000 Derived	170650000	150551000 Derived	20099000	-263977000 Derived	Source 2025-01-01 – 2025-12-31: 1601565000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 170650000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 20099000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 88227000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 352204000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1.6B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20182018-12-31	Revenue	1320837000	Revenue: 1320837000 Open source
20192019-12-31	Revenue	1385472000	Revenue: 1385472000 Open source
20202020-12-31	Revenue	1352295000	Revenue: 1352295000 Open source
20212021-12-31	Revenue	1400801000	Revenue: 1400801000 Open source
20222022-12-31	Revenue	1533571000	Revenue: 1533571000 Open source
20232023-12-31	Revenue	1467416000	Revenue: 1467416000 Open source
20242024-12-31	Revenue	1612390000	Revenue: 1612390000 Open source
20252025-12-31	Revenue	1601565000	Revenue: 1601565000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

-0.7% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20182018-12-31	Year over year	No prior comparable period	Revenue: 1320837000 Open source
20192019-12-31	Year over year	4.9%	Revenue: 1385472000 Open source Revenue: 1320837000 Open source
20202020-12-31	Year over year	-2.4%	Revenue: 1352295000 Open source Revenue: 1385472000 Open source
20212021-12-31	Year over year	3.6%	Revenue: 1400801000 Open source Revenue: 1352295000 Open source
20222022-12-31	Year over year	9.5%	Revenue: 1533571000 Open source Revenue: 1400801000 Open source
20232023-12-31	Year over year	-4.3%	Revenue: 1467416000 Open source Revenue: 1533571000 Open source
20242024-12-31	Year over year	9.9%	Revenue: 1612390000 Open source Revenue: 1467416000 Open source
20252025-12-31	Year over year	-0.7%	Revenue: 1601565000 Open source Revenue: 1612390000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 10.7% 2025

Net margin 1.3% 2025

Free cash flow margin -16.5% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20182018-12-31	Operating margin	12.2%	Operating Income: 161393000 Open source Revenue: 1320837000 Open source
20192019-12-31	Operating margin	12%	Operating Income: 166425000 Open source Revenue: 1385472000 Open source
20202020-12-31	Operating margin	11.7%	Operating Income: 157660000 Open source Revenue: 1352295000 Open source
20212021-12-31	Operating margin	11.1%	Operating Income: 155898000 Open source Revenue: 1400801000 Open source
20222022-12-31	Operating margin	7.5%	Operating Income: 114615000 Open source Revenue: 1533571000 Open source
20232023-12-31	Operating margin	10.3%	Operating Income: 151389000 Open source Revenue: 1467416000 Open source
20242024-12-31	Operating margin	10.1%	Operating Income: 162701000 Open source Revenue: 1612390000 Open source
20252025-12-31	Operating margin	10.7%	Operating Income: 170650000 Open source Revenue: 1601565000 Open source
20182018-12-31	Net margin	3.2%	Net Income: 42734000 Open source Revenue: 1320837000 Open source
20192019-12-31	Net margin	3.3%	Net Income: 45309000 Open source Revenue: 1385472000 Open source
20202020-12-31	Net margin	1.9%	Net Income: 25121000 Open source Revenue: 1352295000 Open source
20212021-12-31	Net margin	1.9%	Net Income: 26346000 Open source Revenue: 1400801000 Open source
20222022-12-31	Net margin	0%	Net Income: 0 Open source Revenue: 1533571000 Open source
20232023-12-31	Net margin	0.7%	Net Income: 10087000 Open source Revenue: 1467416000 Open source
20242024-12-31	Net margin	1.3%	Net Income: 20541000 Open source Revenue: 1612390000 Open source
20252025-12-31	Net margin	1.3%	Net Income: 20099000 Open source Revenue: 1601565000 Open source
20182018-12-31	Free cash flow margin	-4.9%	Revenue: 1320837000 Open source Operating Cash Flow: 216277000 Open source Capital Expenditure: 280712000 Open source
20192019-12-31	Free cash flow margin	1.5%	Revenue: 1385472000 Open source Operating Cash Flow: 233263000 Open source Capital Expenditure: 212815000 Open source
20202020-12-31	Free cash flow margin	14%	Revenue: 1352295000 Open source Operating Cash Flow: 330919000 Open source Capital Expenditure: 142152000 Open source
20212021-12-31	Free cash flow margin	3.7%	Revenue: 1400801000 Open source Operating Cash Flow: 169907000 Open source Capital Expenditure: 118422000 Open source
20222022-12-31	Free cash flow margin	2%	Revenue: 1533571000 Open source Operating Cash Flow: 152596000 Open source Capital Expenditure: 121527000 Open source
20232023-12-31	Free cash flow margin	-3.7%	Revenue: 1467416000 Open source Operating Cash Flow: 124401000 Open source Capital Expenditure: 179398000 Open source
20242024-12-31	Free cash flow margin	31.8%	Revenue: 1612390000 Open source Operating Cash Flow: 841883000 Open source Capital Expenditure: 329351000 Open source
20252025-12-31	Free cash flow margin	-16.5%	Revenue: 1601565000 Open source Operating Cash Flow: 88227000 Open source Capital Expenditure: 352204000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 88.2M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20182018-12-31	Operating cash flow	216277000	Operating Cash Flow: 216277000 Open source
20192019-12-31	Operating cash flow	233263000	Operating Cash Flow: 233263000 Open source
20202020-12-31	Operating cash flow	330919000	Operating Cash Flow: 330919000 Open source
20212021-12-31	Operating cash flow	169907000	Operating Cash Flow: 169907000 Open source
20222022-12-31	Operating cash flow	152596000	Operating Cash Flow: 152596000 Open source
20232023-12-31	Operating cash flow	124401000	Operating Cash Flow: 124401000 Open source
20242024-12-31	Operating cash flow	841883000	Operating Cash Flow: 841883000 Open source
20252025-12-31	Operating cash flow	88227000	Operating Cash Flow: 88227000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -264M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20182018-12-31	Free cash flow	-64435000	Operating Cash Flow: 216277000 Open source Capital Expenditure: 280712000 Open source
20192019-12-31	Free cash flow	20448000	Operating Cash Flow: 233263000 Open source Capital Expenditure: 212815000 Open source
20202020-12-31	Free cash flow	188767000	Operating Cash Flow: 330919000 Open source Capital Expenditure: 142152000 Open source
20212021-12-31	Free cash flow	51485000	Operating Cash Flow: 169907000 Open source Capital Expenditure: 118422000 Open source
20222022-12-31	Free cash flow	31069000	Operating Cash Flow: 152596000 Open source Capital Expenditure: 121527000 Open source
20232023-12-31	Free cash flow	-54997000	Operating Cash Flow: 124401000 Open source Capital Expenditure: 179398000 Open source
20242024-12-31	Free cash flow	512532000	Operating Cash Flow: 841883000 Open source Capital Expenditure: 329351000 Open source
20252025-12-31	Free cash flow	-263977000	Operating Cash Flow: 88227000 Open source Capital Expenditure: 352204000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2018-12-31	Liabilities / assets	Not reported	No source recorded
2019-12-31	Liabilities / assets	Not reported	Total Assets: 5085818000 Open source
2020-12-31	Liabilities / assets	Not reported	Total Assets: 5046736000 Open source
2021-12-31	Liabilities / assets	Not reported	Total Assets: 4919512000 Open source
2022-12-31	Liabilities / assets	Not reported	Total Assets: 4913649000 Open source
2023-12-31	Liabilities / assets	Not reported	Total Assets: 4986536000 Open source
2024-12-31	Liabilities / assets	Not reported	Total Assets: 5132311000 Open source
2025-12-31	Liabilities / assets	Not reported	Total Assets: 5243160000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

1.27× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2018-12-31	Current assets / current liabilities	Not reported	No source recorded
20192019-12-31	Current assets / current liabilities	0.7×	Current Assets: 388919000 Open source Current Liabilities: 556002000 Open source
20202020-12-31	Current assets / current liabilities	1.33×	Current Assets: 419369000 Open source Current Liabilities: 314927000 Open source
20212021-12-31	Current assets / current liabilities	1.09×	Current Assets: 399213000 Open source Current Liabilities: 365696000 Open source
20222022-12-31	Current assets / current liabilities	0.67×	Current Assets: 404577000 Open source Current Liabilities: 603034000 Open source
20232023-12-31	Current assets / current liabilities	0.65×	Current Assets: 429363000 Open source Current Liabilities: 663273000 Open source
20242024-12-31	Current assets / current liabilities	1.57×	Current Assets: 588744000 Open source Current Liabilities: 376035000 Open source
20252025-12-31	Current assets / current liabilities	1.27×	Current Assets: 561239000 Open source Current Liabilities: 441442000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2018 2018-01-01 – 2018-12-31	USD 42.73 million Exact value Exact value: 42734000 USD 2018-01-01 – 2018-12-31: 42734000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Tri-State Generation & Transmission Association, Inc. · 2018-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Net Income: 42734000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: 42734000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000162828021004006/tris-20201231.htm#1157633 Filing: 000162828021004006 The citation records this snapshot. The page link may show a newer release later.	USD 216.28 million Exact value Exact value: 216277000 USD 2018-01-01 – 2018-12-31: 216277000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Tri-State Generation & Transmission Association, Inc. · 2018-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Operating Cash Flow: 216277000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 216277000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000162828021004006/tris-20201231.htm#1326402 Filing: 000162828021004006 The citation records this snapshot. The page link may show a newer release later.	USD 280.71 million Exact value Exact value: 280712000 USD 2018-01-01 – 2018-12-31: 280712000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Tri-State Generation & Transmission Association, Inc. · 2018-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Capital Expenditure: 280712000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 280712000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000162828021004006/tris-20201231.htm#1330746 Filing: 000162828021004006 The citation records this snapshot. The page link may show a newer release later.	−USD 64.44 million Calculation and evidence 216277000 − 280712000 USD Exact free cash flow: -64435000 USD 2018-01-01 – 2018-12-31: 216277000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 280712000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Tri-State Generation & Transmission Association, Inc. · 2018-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Free cash flow: -64435000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 216277000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000162828021004006/tris-20201231.htm#1326402 Filing: 000162828021004006 Input fundies:CapitalExpenditure: 280712000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000162828021004006/tris-20201231.htm#1330746 Filing: 000162828021004006 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	USD 45.31 million Exact value Exact value: 45309000 USD 2019-01-01 – 2019-12-31: 45309000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Tri-State Generation & Transmission Association, Inc. · 2019-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Net Income: 45309000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: 45309000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788022000006/tris-20211231.htm#1135926 Filing: 000163788022000006 The citation records this snapshot. The page link may show a newer release later.	USD 233.26 million Exact value Exact value: 233263000 USD 2019-01-01 – 2019-12-31: 233263000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Tri-State Generation & Transmission Association, Inc. · 2019-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Operating Cash Flow: 233263000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 233263000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788022000006/tris-20211231.htm#1333189 Filing: 000163788022000006 The citation records this snapshot. The page link may show a newer release later.	USD 212.82 million Exact value Exact value: 212815000 USD 2019-01-01 – 2019-12-31: 212815000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Tri-State Generation & Transmission Association, Inc. · 2019-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Capital Expenditure: 212815000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 212815000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788022000006/tris-20211231.htm#1337554 Filing: 000163788022000006 The citation records this snapshot. The page link may show a newer release later.	USD 20.45 million Calculation and evidence 233263000 − 212815000 USD Exact free cash flow: 20448000 USD 2019-01-01 – 2019-12-31: 233263000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 212815000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Tri-State Generation & Transmission Association, Inc. · 2019-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Free cash flow: 20448000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 233263000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788022000006/tris-20211231.htm#1333189 Filing: 000163788022000006 Input fundies:CapitalExpenditure: 212815000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788022000006/tris-20211231.htm#1337554 Filing: 000163788022000006 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	USD 25.12 million Exact value Exact value: 25121000 USD 2020-01-01 – 2020-12-31: 25121000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Tri-State Generation & Transmission Association, Inc. · 2020-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Net Income: 25121000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 25121000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788023000006/tris-20221231.htm#1181642 Filing: 000163788023000006 The citation records this snapshot. The page link may show a newer release later.	USD 330.92 million Exact value Exact value: 330919000 USD 2020-01-01 – 2020-12-31: 330919000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Tri-State Generation & Transmission Association, Inc. · 2020-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Operating Cash Flow: 330919000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 330919000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788023000006/tris-20221231.htm#1382706 Filing: 000163788023000006 The citation records this snapshot. The page link may show a newer release later.	USD 142.15 million Exact value Exact value: 142152000 USD 2020-01-01 – 2020-12-31: 142152000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Tri-State Generation & Transmission Association, Inc. · 2020-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Capital Expenditure: 142152000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 142152000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788023000006/tris-20221231.htm#1387071 Filing: 000163788023000006 The citation records this snapshot. The page link may show a newer release later.	USD 188.77 million Calculation and evidence 330919000 − 142152000 USD Exact free cash flow: 188767000 USD 2020-01-01 – 2020-12-31: 330919000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 142152000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Tri-State Generation & Transmission Association, Inc. · 2020-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Free cash flow: 188767000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 330919000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788023000006/tris-20221231.htm#1382706 Filing: 000163788023000006 Input fundies:CapitalExpenditure: 142152000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788023000006/tris-20221231.htm#1387071 Filing: 000163788023000006 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	USD 26.35 million Exact value Exact value: 26346000 USD 2021-01-01 – 2021-12-31: 26346000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Tri-State Generation & Transmission Association, Inc. · 2021-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Net Income: 26346000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: 26346000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788024000019/tris-20231231.htm#1085050 Filing: 000163788024000019 The citation records this snapshot. The page link may show a newer release later.	USD 169.91 million Exact value Exact value: 169907000 USD 2021-01-01 – 2021-12-31: 169907000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Tri-State Generation & Transmission Association, Inc. · 2021-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Operating Cash Flow: 169907000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 169907000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788024000019/tris-20231231.htm#1222220 Filing: 000163788024000019 The citation records this snapshot. The page link may show a newer release later.	USD 118.42 million Exact value Exact value: 118422000 USD 2021-01-01 – 2021-12-31: 118422000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Tri-State Generation & Transmission Association, Inc. · 2021-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Capital Expenditure: 118422000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 118422000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788024000019/tris-20231231.htm#1225365 Filing: 000163788024000019 The citation records this snapshot. The page link may show a newer release later.	USD 51.49 million Calculation and evidence 169907000 − 118422000 USD Exact free cash flow: 51485000 USD 2021-01-01 – 2021-12-31: 169907000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 118422000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Tri-State Generation & Transmission Association, Inc. · 2021-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Free cash flow: 51485000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 169907000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788024000019/tris-20231231.htm#1222220 Filing: 000163788024000019 Input fundies:CapitalExpenditure: 118422000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788024000019/tris-20231231.htm#1225365 Filing: 000163788024000019 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	USD 0 Exact value Exact value: 0 USD 2022-01-01 – 2022-12-31: 0 USD Inspect Net Income Open source Share or cite Citation for Net Income · Tri-State Generation & Transmission Association, Inc. · 2022-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Net Income: 0 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: 0 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788025000010/tris-20241231.htm#1110885 Filing: 000163788025000010 The citation records this snapshot. The page link may show a newer release later.	USD 152.6 million Exact value Exact value: 152596000 USD 2022-01-01 – 2022-12-31: 152596000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Tri-State Generation & Transmission Association, Inc. · 2022-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Operating Cash Flow: 152596000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 152596000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788025000010/tris-20241231.htm#1248585 Filing: 000163788025000010 The citation records this snapshot. The page link may show a newer release later.	USD 121.53 million Exact value Exact value: 121527000 USD 2022-01-01 – 2022-12-31: 121527000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Tri-State Generation & Transmission Association, Inc. · 2022-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Capital Expenditure: 121527000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 121527000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788025000010/tris-20241231.htm#1251729 Filing: 000163788025000010 The citation records this snapshot. The page link may show a newer release later.	USD 31.07 million Calculation and evidence 152596000 − 121527000 USD Exact free cash flow: 31069000 USD 2022-01-01 – 2022-12-31: 152596000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 121527000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Tri-State Generation & Transmission Association, Inc. · 2022-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Free cash flow: 31069000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 152596000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788025000010/tris-20241231.htm#1248585 Filing: 000163788025000010 Input fundies:CapitalExpenditure: 121527000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788025000010/tris-20241231.htm#1251729 Filing: 000163788025000010 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	USD 10.09 million Exact value Exact value: 10087000 USD 2023-01-01 – 2023-12-31: 10087000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Tri-State Generation & Transmission Association, Inc. · 2023-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Net Income: 10087000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: 10087000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#993754 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.	USD 124.4 million Exact value Exact value: 124401000 USD 2023-01-01 – 2023-12-31: 124401000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Tri-State Generation & Transmission Association, Inc. · 2023-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Operating Cash Flow: 124401000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 124401000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1135203 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.	USD 179.4 million Exact value Exact value: 179398000 USD 2023-01-01 – 2023-12-31: 179398000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Tri-State Generation & Transmission Association, Inc. · 2023-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Capital Expenditure: 179398000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 179398000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1137905 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.	−USD 55 million Calculation and evidence 124401000 − 179398000 USD Exact free cash flow: -54997000 USD 2023-01-01 – 2023-12-31: 124401000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 179398000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Tri-State Generation & Transmission Association, Inc. · 2023-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Free cash flow: -54997000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 124401000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1135203 Filing: 000163788026000012 Input fundies:CapitalExpenditure: 179398000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1137905 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	USD 20.54 million Exact value Exact value: 20541000 USD 2024-01-01 – 2024-12-31: 20541000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Tri-State Generation & Transmission Association, Inc. · 2024-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Net Income: 20541000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 20541000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#992768 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.	USD 841.88 million Exact value Exact value: 841883000 USD 2024-01-01 – 2024-12-31: 841883000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Tri-State Generation & Transmission Association, Inc. · 2024-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Operating Cash Flow: 841883000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 841883000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1134432 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.	USD 329.35 million Exact value Exact value: 329351000 USD 2024-01-01 – 2024-12-31: 329351000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Tri-State Generation & Transmission Association, Inc. · 2024-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Capital Expenditure: 329351000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 329351000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1137314 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.	USD 512.53 million Calculation and evidence 841883000 − 329351000 USD Exact free cash flow: 512532000 USD 2024-01-01 – 2024-12-31: 841883000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 329351000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Tri-State Generation & Transmission Association, Inc. · 2024-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Free cash flow: 512532000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 841883000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1134432 Filing: 000163788026000012 Input fundies:CapitalExpenditure: 329351000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1137314 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	USD 20.1 million Exact value Exact value: 20099000 USD 2025-01-01 – 2025-12-31: 20099000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Tri-State Generation & Transmission Association, Inc. · 2025-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Net Income: 20099000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 20099000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#991782 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.	USD 88.23 million Exact value Exact value: 88227000 USD 2025-01-01 – 2025-12-31: 88227000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Tri-State Generation & Transmission Association, Inc. · 2025-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Operating Cash Flow: 88227000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 88227000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1133662 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.	USD 352.2 million Exact value Exact value: 352204000 USD 2025-01-01 – 2025-12-31: 352204000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Tri-State Generation & Transmission Association, Inc. · 2025-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Capital Expenditure: 352204000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 352204000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1136723 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.	−USD 263.98 million Calculation and evidence 88227000 − 352204000 USD Exact free cash flow: -263977000 USD 2025-01-01 – 2025-12-31: 88227000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 352204000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Tri-State Generation & Transmission Association, Inc. · 2025-12-31 Tri-State Generation & Transmission Association, Inc. (edgar:1637880) Free cash flow: -263977000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:02Z Snapshot: f86976514dc3000e7444ccdd0c0ddd5b962e8e2f86a5af7a696b032c4f57a794 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1637880?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 88227000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1133662 Filing: 000163788026000012 Input fundies:CapitalExpenditure: 352204000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000012/tris-20251231.htm#1136723 Filing: 000163788026000012 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

49 filings · 3,265 latest values · 3,265 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001637880, 1637880, edgar:1637880

Also known as TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION, INC., Tri-State Generation & Transmission Association, Inc.

Tri-State Generation & Transmission Association, Inc.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation