Xcel Energy Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	1,936	1,771	1,736	1,597
Depreciation & Amortization	-	2,875	2,567	2,554	2,257
Loss (Gain) on Equity Investments	-	-19	-35	-36	-62
Stock-Based Compensation	-	33	25	20	31
Change in Accounts Receivable	-	40	225	-672	-313
Change in Inventory	-	-140	-98	-203	-126
Change in Accounts Payable	-	37	-149	195	138
Change in Other Net Operating Assets	-	-109	1,214	565	-1,143
Other Operating Activities	-	-59	-272	-300	-250
Operating Cash Flow	-	4,641	5,327	3,932	2,189
Operating Cash Flow Growth	-	-12.88%	35.48%	79.63%	-23.14%
Capital Expenditures	-	-7,364	-5,854	-4,638	-4,244
Contributions to Nuclear Demissioning Trust	-	-998	-994	-1,332	-757
Other Investing Activities	-	934	922	1,317	714
Investing Cash Flow	-	-7,428	-5,926	-4,653	-4,287
Short-Term Debt Issued	-	-	-	-	421
Long-Term Debt Issued	-	3,647	2,630	2,164	2,710
Total Debt Issued	-	3,647	2,630	2,164	3,131
Short-Term Debt Repaid	-	-90	-28	-192	-
Long-Term Debt Repaid	-	-656	-1,151	-601	-417
Total Debt Repaid	-	-746	-1,179	-793	-417
Net Debt Issued (Repaid)	-	2,901	1,451	1,371	2,714
Issuance of Common Stock	-	1,117	270	322	366
Common Dividends Paid	-	-1,175	-1,092	-1,012	-935
Other Financing Activities	-	-6	-12	-15	-10
Financing Cash Flow	-	2,837	617	666	2,135
Net Cash Flow	-	50	18	-55	37
Free Cash Flow	-	-2,723	-527	-706	-2,055
Free Cash Flow Margin	-	-20.26%	-3.71%	-4.61%	-15.30%
Free Cash Flow Per Share	-	-4.84	-0.95	-1.29	-3.81
Cash Interest Paid	-	1,131	945	887	788
Cash Income Tax Paid	-	-588	-92	15	4
Levered Free Cash Flow	-	-3,603	-1,069	-1,386	-1,794
Unlevered Free Cash Flow	-	-2,819	-409.88	-790.13	-1,268
Change in Working Capital	-	-172	1,192	-115	-1,444

Source: S&P Global Market Intelligence. Utility template. Financial Sources.