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Old Dominion Electric Cooperative cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$3.2M in Q2 2026 · −$150M over twelve months

Operating cash flow$24.4M
Capital spending−$27.6M
Free cash flow−$3.2M
Cash / net income2.5×

Analysis

In Q2 2026, Old Dominion Electric Cooperative generated $24.4M of operating cash flow and spent $27.6M on capital projects, leaving free cash flow of −$3.2M. That is $27.6M more than in Q2 2025 (−$30.9M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$8.3M; the largest uses were capital spending ($141M), net borrowing (+) / repaid (−) ($20.0M), operating cash flow ($8.3M); besides operations, cash came from other financing ($199M), other investing ($2.7M); the cash balance rose by $32.4M.

Operating cash flow was $24.4M against net income of $9.9M — 2.5× profit, cash ran ahead of reported earnings.

Free cash flow

Old Dominion Electric Cooperative: free cash flow by quarterOld Dominion Electric Cooperative: free cash flow by quarter$111MQ3 2024−$6.6MQ4 2024$32.7MQ1 2025−$30.9MQ2 2025$35.2MQ3 2025−$50.7MQ4 2025−$131MQ1 2026−$3.2MQ2 2026
Operating cash flow less capital spending.
Old Dominion Electric Cooperative: operating cash flow against capital spendingOld Dominion Electric Cooperative: operating cash flow against capital spendingOperating cash flowCapital spending$121M$10.2MQ3 2024$8.1M$14.7MQ4 2024$51.8M$19.0MQ1 2025−$9.6M$21.3MQ2 2025$49.9M$14.7MQ3 2025−$6.8M$43.9MQ4 2025−$75.7M$55.2MQ1 2026$24.4M$27.6MQ2 2026
Latest (Q2 2026): Operating cash flow $24.4M, Capital spending $27.6M.

Capital allocation, year by year

Old Dominion Electric Cooperative: where the cash came from (up) and went (down), by fiscal yearOld Dominion Electric Cooperative: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingFY2021: Operating cash flow $198MFY2021: Net borrowing −$49.0MFY2021: Capital spending −$29.9M$198MFY2021FY2022: Operating cash flow −$59.6MFY2022: Net borrowing $959KFY2022: Capital spending −$31.1M$959KFY2022FY2023: Operating cash flow −$16.3MFY2023: Net borrowing $92.0MFY2023: Capital spending −$52.9M$92.0MFY2023FY2024: Operating cash flow $257MFY2024: Net borrowing −$175MFY2024: Capital spending −$55.7M$257MFY2024FY2025: Operating cash flow $85.3MFY2025: Net borrowing $136MFY2025: Capital spending −$98.9M$221MFY2025
Over these 5 years operating cash flow totalled $464M; the largest uses were capital spending ($268M) and net borrowing ($224M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$56.8M
Debt$1.1B
Net debt$1.1B
Due within a year$49.0M
Cash runway5 months

Old Dominion Electric Cooperative is burning cash: its operations consume cash, a free cash flow of −$150M a year at the current rate against $56.8M of cash and investments: a runway of about 5 months; $49.0M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Old Dominion Electric Cooperative: debt maturities by year (FY2025)Old Dominion Electric Cooperative: debt maturities by year (FY2025)$49.0MYear 1$49.0MYear 2$49.0MYear 3$36.5MYear 4$36.5MYear 5$909MAfter year 5
Principal due in each year as disclosed in the annual report, against $56.8M of cash and investments now.

Where the cash came from and went

Old Dominion Electric Cooperative: sources (+) and uses (−) of cash, Q2 2026Old Dominion Electric Cooperative: sources (+) and uses (−) of cash, Q2 2026Other financing−$150MNet borrowing (+) / repaid (−)$130MCash drawn (+) / kept (−)$28.2MCapital spending−$27.6MOperating cash flow$24.4MOther investing−$5.0M
Old Dominion Electric Cooperative: sources (+) and uses (−) of cash, TTM to Q2 2026Old Dominion Electric Cooperative: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$199MCapital spending−$141MCash drawn (+) / kept (−)−$32.4MNet borrowing (+) / repaid (−)−$20.0MOperating cash flow−$8.3MOther investing$2.7M

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$24.4M−$27.6M$130M$28.2M−$3.2M
Q1 2026−$75.7M−$55.2M$50.0M$83.4M−$131M
Q4 2025−$6.8M−$43.9M−$50.0M−$97.0M−$50.7M
Q3 2025$49.9M−$14.7M—−$47.1M$35.2M
Q2 2025−$9.6M−$21.3M—$33.0M−$30.9M
Q1 2025$51.8M−$19.0M−$15.0M−$16.7M$32.7M
Q4 2024$8.1M−$14.7M$10.0M$47.4M−$6.6M
Q3 2024$121M−$10.2M−$45.0M−$64.3M$111M

Old Dominion Electric Cooperative: income statement and cash flow

Old Dominion Electric Cooperative, Q2 2026: revenue $387M (+29% year over year), operating margin 4.6%. The chart follows the revenue to costs, profit and cash.

Old Dominion Electric Cooperative: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.