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	2015 - 2019
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	2015 - 2019
Net Income	727.3	770.29	817.88	1,112	36.23	-764.61	Upgrade
Depreciation & Amortization	1,149	809.31	690.48	603.78	809.39	1,801	Upgrade
Other Amortization	10.19	7.46	5.49	10.28	17.28	17.7	Upgrade
Stock-Based Compensation	28.59	25.02	20.25	18.77	18.82	15	Upgrade
Other Operating Activities	210.32	159.23	44.85	13.68	160.65	-289.74	Upgrade
Change in Accounts Receivable	-85.53	-85.53	-10.19	38.55	-101.05	29.1	Upgrade
Change in Accounts Payable	109.27	109.27	8.08	-109.56	218.24	-23.38	Upgrade
Change in Other Net Operating Assets	-11.97	-12.54	-2.44	-1.06	0.22	5.87	Upgrade
Operating Cash Flow	2,137	1,783	1,574	1,686	1,160	790.94	Upgrade
Operating Cash Flow Growth	27.11%	13.22%	-6.64%	45.41%	46.63%	-3.96%	Upgrade
Capital Expenditures	-3,700	-3,414	-1,099	-879.94	-678.16	-547.79	Upgrade
Other Investing Activities	6.52	7.14	0.66	-0.32	10.93	-7.78	Upgrade
Investing Cash Flow	-3,693	-3,407	-1,099	-880.26	-667.24	-555.57	Upgrade
Long-Term Debt Issued	-	2,495	-	-	2,225	1,447	Upgrade
Long-Term Debt Repaid	-	-1,299	-	-584.95	-2,376	-1,666	Upgrade
Net Debt Issued (Repaid)	-0.23	1,196	-	-584.95	-151.01	-219.5	Upgrade
Issuance of Common Stock	3.28	3.2	3.06	3.04	2.64	1.46	Upgrade
Repurchase of Common Stock	-14.84	-86.06	-228.11	-57.21	-	-	Upgrade
Common Dividends Paid	-91.66	-85.02	-71.61	-19.64	-2.39	-2.28	Upgrade
Other Financing Activities	-15.54	-19.81	-7.88	-35.11	-9.07	-15.07	Upgrade
Financing Cash Flow	-118.99	1,008	-304.54	-693.86	-159.83	-235.38	Upgrade
Net Cash Flow	-1,675	-616.16	171.17	112.28	332.71	-	Upgrade
Free Cash Flow	-1,563	-1,632	475.05	806.47	481.61	243.16	Upgrade
Free Cash Flow Growth	-	-	-41.09%	67.45%	98.06%	-	Upgrade
Free Cash Flow Margin	-49.34%	-63.39%	20.94%	25.23%	19.25%	22.50%	Upgrade
Free Cash Flow Per Share	-13.59	-14.12	3.98	6.50	3.89	2.14	Upgrade
Cash Interest Paid	169.81	88.39	86.95	134.24	136.61	140.49	Upgrade
Cash Income Tax Paid	25.55	26.9	8.98	10.58	0.86	-6.66	Upgrade
Levered Free Cash Flow	-1,972	-1,973	198.27	358.78	431.72	685.14	Upgrade
Unlevered Free Cash Flow	-1,873	-1,893	250.05	423.71	514.66	769.87	Upgrade
Change in Working Capital	11.77	11.21	-4.55	-72.06	117.41	11.59	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.