ONE Gas 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	264.22	222.85	231.23	221.74	206.43
Depreciation & Amortization	317.26	296.7	279.83	228.48	207.23
Stock-Based Compensation	14.79	13.73	12.18	10.74	10.5
Change in Accounts Receivable	-61.39	-67.29	196.27	-213.66	-57.9
Change in Inventory	-21.2	11.9	75.33	-105.54	-87.83
Change in Accounts Payable	-35.4	-15.01	-90.05	85.92	107.21
Change in Income Taxes	-1.93	-49.68	-3.95	-	-
Change in Other Net Operating Assets	44.76	-158.02	6.84	28.61	-1,974
Other Operating Activities	49.51	106.52	222.14	1,309	43.45
Operating Cash Flow	578.83	368.41	939.53	1,571	-1,536
Operating Cash Flow Growth	57.12%	-60.79%	-40.19%	-	-
Capital Expenditures	-707.23	-703.17	-666.63	-609.49	-495.25
Other Investing Activities	-8.1	-4.33	-3.01	-4.62	-5.84
Investing Cash Flow	-715.32	-707.5	-669.64	-614.11	-501.08
Short-Term Debt Issued	-	826.1	-	58	75.78
Long-Term Debt Issued	250	253.47	299.58	633.52	2,499
Total Debt Issued	250	1,080	299.58	691.52	2,575
Short-Term Debt Repaid	-177.2	-	-463.5	-	-
Long-Term Debt Repaid	-29.51	-800.95	-20.72	-1,627	-400
Total Debt Repaid	-206.71	-800.95	-484.22	-1,627	-400
Net Debt Issued (Repaid)	43.29	278.62	-184.63	-935.48	2,175
Issuance of Common Stock	212.18	252.38	85.26	133.71	26.66
Repurchase of Common Stock	-2.66	-1.11	-2.65	-3.17	-4.71
Common Dividends Paid	-160.71	-149.46	-144.09	-133.95	-123.91
Other Financing Activities	-0.43	-2.19	-2.51	-8.57	-35.11
Financing Cash Flow	91.68	378.23	-248.63	-947.46	2,038
Net Cash Flow	-44.81	39.15	21.26	9.28	0.86
Free Cash Flow	-128.39	-334.75	272.9	961.36	-2,031
Free Cash Flow Growth	-	-	-71.61%	-	-
Free Cash Flow Margin	-5.29%	-16.07%	11.51%	37.29%	-112.29%
Free Cash Flow Per Share	-2.12	-5.87	4.88	17.69	-37.84
Cash Interest Paid	138.99	148.99	80.73	84.87	70.07
Cash Income Tax Paid	9.13	-20.46	20.84	67.42	-10.81
Levered Free Cash Flow	-208.68	-437.51	224.97	940.35	-1,700
Unlevered Free Cash Flow	-119.43	-345.49	297.06	988.79	-1,662
Change in Working Capital	-75.15	-278.1	184.45	-204.67	-2,012

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