SWX:PMI 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	11,348	7,057	7,813	9,048	9,109
Depreciation & Amortization	1,996	1,787	1,398	1,077	998
Loss (Gain) From Sale of Assets	94	206	-	-	-
Asset Writedown & Restructuring Costs	247	149	710	19	-22
Loss (Gain) From Sale of Investments	-	2,316	-	-	-
Other Operating Activities	356	25	583	497	515
Change in Accounts Receivable	-448	-738	314	-871	-198
Change in Inventory	-1,201	552	-862	-1,287	549
Change in Accounts Payable	258	297	-288	719	653
Change in Income Taxes	-266	-62	-232	-261	-260
Change in Other Net Operating Assets	-151	628	-232	1,862	623
Operating Cash Flow	12,233	12,217	9,204	10,803	11,967
Operating Cash Flow Growth	0.13%	32.74%	-14.80%	-9.73%	21.96%
Capital Expenditures	-1,569	-1,444	-1,321	-1,077	-748
Cash Acquisitions	-	43	-1,775	-14,978	-2,111
Divestitures	30	136	191	-	-
Investment in Securities	-149	-256	-111	-20	-34
Other Investing Activities	-2,279	429	-582	396	535
Investing Cash Flow	-3,967	-1,092	-3,598	-15,679	-2,358
Short-Term Debt Issued	189	100	1,896	15,730	-
Long-Term Debt Issued	7,055	8,142	9,959	5,965	-
Total Debt Issued	7,244	8,242	11,855	21,695	-
Short-Term Debt Repaid	-170	-5,062	-5,602	-4,795	-
Long-Term Debt Repaid	-5,368	-4,803	-2,551	-2,724	-3,042
Total Debt Repaid	-5,538	-9,865	-8,153	-7,519	-3,042
Net Debt Issued (Repaid)	1,706	-1,623	3,702	14,176	-3,042
Repurchase of Common Stock	-	-	-	-209	-775
Common Dividends Paid	-8,624	-8,197	-7,964	-7,812	-7,580
Other Financing Activities	-1,214	339	-1,320	-2,349	-580
Financing Cash Flow	-8,132	-9,481	-5,582	3,806	-11,977
Foreign Exchange Rate Adjustments	504	-536	-95	-213	-417
Net Cash Flow	638	1,108	-71	-1,283	-2,785
Free Cash Flow	10,664	10,773	7,883	9,726	11,219
Free Cash Flow Growth	-1.01%	36.66%	-18.95%	-13.31%	21.81%
Free Cash Flow Margin	26.24%	28.44%	22.41%	30.62%	35.72%
Free Cash Flow Per Share	6.84	6.92	5.08	6.27	7.20
Cash Interest Paid	1,688	1,559	1,342	717	716
Cash Income Tax Paid	3,852	3,178	2,952	2,751	2,936
Levered Free Cash Flow	8,939	8,185	7,881	7,360	9,146
Unlevered Free Cash Flow	9,931	9,286	8,835	7,840	9,607
Change in Working Capital	-1,808	677	-1,300	162	1,367

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.