Constellation 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	2,319	3,749	1,623	-160	-205
Depreciation & Amortization	2,601	2,700	2,514	2,427	2,706
Loss (Gain) on Sale of Investments	-429	-322	-783	807	-426
Loss (Gain) on Equity Investments	-	-	-	-	10
Restructuring Activities	-	-	-	-	1,953
Change in Accounts Receivable	-363	688	396	-868	-616
Change in Inventory	-134	-99	60	-228	-68
Change in Accounts Payable	316	1,121	-1,330	1,142	346
Change in Income Taxes	625	296	325	162	256
Change in Other Net Operating Assets	-1,397	-9,339	-9,325	-6,219	-4,253
Other Operating Activities	699	-1,258	1,219	584	-1,041
Operating Cash Flow	4,237	-2,464	-5,301	-2,353	-1,338
Capital Expenditures	-2,963	-2,597	-4,112	-1,718	-1,359
Sale of Property, Plant & Equipment	-	-	-	-	878
Contributions to Nuclear Demissioning Trust	-7,284	-6,282	-6,050	-4,271	-6,673
Other Investing Activities	7,049	16,307	13,193	9,093	10,436
Investing Cash Flow	-3,198	7,428	3,031	3,104	3,282
Short-Term Debt Issued	1,650	200	685	257	1,242
Long-Term Debt Issued	-	920	3,195	14	152
Total Debt Issued	1,650	1,120	3,880	271	1,394
Short-Term Debt Repaid	-	-1,844	-200	-1,180	-285
Long-Term Debt Repaid	-1,076	-121	-168	-1,420	-105
Total Debt Repaid	-1,076	-1,965	-368	-2,600	-390
Net Debt Issued (Repaid)	574	-845	3,512	-2,329	1,004
Issuance of Common Stock	-	-	-	1,750	64
Repurchase of Common Stock	-400	-999	-992	-	-
Common Dividends Paid	-486	-444	-366	-185	-1,832
Other Financing Activities	-108	-1	42	-35	-931
Financing Cash Flow	-420	-2,289	2,196	-799	-1,695
Net Cash Flow	619	2,675	-74	-48	249
Free Cash Flow	1,274	-5,061	-9,413	-4,071	-2,697
Free Cash Flow Margin	4.99%	-21.47%	-37.78%	-16.66%	-13.73%
Free Cash Flow Per Share	4.06	-16.07	-29.05	-12.37	-
Cash Interest Paid	412	375	264	230	275
Cash Income Tax Paid	446	436	466	287	426
Levered Free Cash Flow	1,258	4,225	-1,683	1,364	1,920
Unlevered Free Cash Flow	1,577	4,541	-1,413	1,521	2,106
Change in Working Capital	-953	-7,333	-9,874	-6,011	-4,335

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