SM Energy Company Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	727.3	770.29	817.88	1,112	36.23	-764.61
Depreciation & Amortization	1,149	809.31	690.48	603.78	809.39	1,801
Other Amortization	10.19	7.46	5.49	10.28	17.28	17.7
Stock-Based Compensation	28.59	25.02	20.25	18.77	18.82	15
Other Operating Activities	210.32	159.23	44.85	13.68	160.65	-289.74
Change in Accounts Receivable	-85.53	-85.53	-10.19	38.55	-101.05	29.1
Change in Accounts Payable	109.27	109.27	8.08	-109.56	218.24	-23.38
Change in Other Net Operating Assets	-11.97	-12.54	-2.44	-1.06	0.22	5.87
Operating Cash Flow	2,137	1,783	1,574	1,686	1,160	790.94
Operating Cash Flow Growth	27.11%	13.22%	-6.64%	45.41%	46.63%	-3.96%
Capital Expenditures	-3,700	-3,414	-1,099	-879.94	-678.16	-547.79
Other Investing Activities	6.52	7.14	0.66	-0.32	10.93	-7.78
Investing Cash Flow	-3,693	-3,407	-1,099	-880.26	-667.24	-555.57
Long-Term Debt Issued	-	2,495	-	-	2,225	1,447
Long-Term Debt Repaid	-	-1,299	-	-584.95	-2,376	-1,666
Net Debt Issued (Repaid)	-0.23	1,196	-	-584.95	-151.01	-219.5
Issuance of Common Stock	3.28	3.2	3.06	3.04	2.64	1.46
Repurchase of Common Stock	-14.84	-86.06	-228.11	-57.21	-	-
Common Dividends Paid	-91.66	-85.02	-71.61	-19.64	-2.39	-2.28
Other Financing Activities	-15.54	-19.81	-7.88	-35.11	-9.07	-15.07
Financing Cash Flow	-118.99	1,008	-304.54	-693.86	-159.83	-235.38
Net Cash Flow	-1,675	-616.16	171.17	112.28	332.71	-
Free Cash Flow	-1,563	-1,632	475.05	806.47	481.61	243.16
Free Cash Flow Growth	-	-	-41.09%	67.45%	98.06%	-
Free Cash Flow Margin	-49.34%	-63.39%	20.94%	25.23%	19.25%	22.50%
Free Cash Flow Per Share	-13.59	-14.12	3.98	6.50	3.89	2.14
Cash Interest Paid	169.81	88.39	86.95	134.24	136.61	140.49
Cash Income Tax Paid	25.55	26.9	8.98	10.58	0.86	-6.66
Levered Free Cash Flow	-1,972	-1,973	198.27	358.78	431.72	685.14
Unlevered Free Cash Flow	-1,873	-1,893	250.05	423.71	514.66	769.87
Change in Working Capital	11.77	11.21	-4.55	-72.06	117.41	11.59

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