TCI (TCI) financial statements
TCI reported revenue of $49M in fiscal 2025, down 9.3% a year over 9 years.
Net income was $14M and the operating margin -12.9%, against 14.9% in 2016.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TCI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $118M | $125M | $149M | $48M | $57M | $41M | $37M | $50M | $47M | $49M |
| Selling, general and admin | $5M | $6M | $11M | $9M | $9M | $12M | $10M | $9M | $5M | $6M |
| Operating income | $18M | $20M | $44M | -$8M | -$28,000 | -$16M | -$9M | -$10M | -$6M | -$6M |
| Interest expense | $53M | $60M | $59M | $32M | $29M | $23M | $17M | $9M | $8M | $7M |
| Pre-tax income | -$19M | -$30M | $15M | -$43M | — | — | — | — | — | — |
| Income tax | $24,000 | $180,000 | $3M | -$2M | $4,000 | -$1M | $103M | $2M | $2M | $7M |
| Net income | $37,000 | -$16M | $181M | -$27M | $7M | $9M | $468M | $6M | $6M | $14M |
| EPS (diluted) | -$0.10 | -$1.92 | $20.71 | -$3.09 | $0.77 | $1.09 | $54.20 | $0.69 | $0.68 | $1.60 |
| Diluted shares | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M |
| Operating margin | 14.9% | 16.1% | 29.7% | -15.9% | -0.0% | -39.6% | -25.3% | -20.0% | -12.3% | -12.9% |
| Net margin | 0.0% | -12.6% | 121.7% | -56.0% | 11.7% | 23.0% | 1277.3% | 11.9% | 12.5% | 28.1% |
Balance sheet
Fiscal years, from TCI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $18M | $43M | $36M | $51M | $37M | $67M | $233M | $127M | $100M | $89M |
| Property, plant and equipment | — | — | — | $380M | — | — | — | — | — | — |
| Total assets | $1.2B | $1.3B | $862M | $866M | $879M | $788M | $1.2B | $1.0B | $1.1B | $1.1B |
| Total liabilities | $961M | $1.1B | $482M | $512M | $518M | $417M | $378M | $196M | $218M | $266M |
| Shareholders' equity | $206M | $189M | $360M | $333M | $342M | $351M | $819M | $826M | $832M | $847M |
| Net debt | -$18M | -$43M | -$36M | -$51M | -$37M | -$51M | -$113M | -$37M | -$20M | -$14M |
Cash flow
Fiscal years, from TCI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2M | -$25M | -$181M | -$36M | $6M | -$11M | -$45M | -$31M | $1M | -$3M |
| Capital spending | $80M | $37M | $11M | — | — | — | — | — | — | — |
| Free cash flow | -$78M | -$62M | -$192M | — | — | — | — | — | — | — |
| Net borrowing | — | — | $59M | $56M | $193,000 | -$54M | -$44M | -$131M | $0 | $0 |
| Free cash flow margin | -65.4% | -49.6% | -128.6% | — | — | — | — | — | — | — |
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What was TCI's revenue in 2025?
$49M in fiscal 2025, from its 10-K filing.
From TCI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.