Constellation Energy Corporation (CEG)

Constellation Energy Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	2,739	3,749	1,623	-160	-205	589
Depreciation & Amortization	2,564	2,700	2,514	2,427	2,706	2,836
Loss (Gain) on Sale of Assets	-	-	-	-	-	-11
Loss (Gain) on Sale of Investments	-294	-322	-783	807	-426	-647
Loss (Gain) on Equity Investments	-	-	-	-	10	8
Asset Writedown	-	-	-	-	-	563
Restructuring Activities	-	-	-	-	1,953	955
Change in Accounts Receivable	-579	688	396	-868	-616	1,125
Change in Inventory	-192	-99	60	-228	-68	-77
Change in Accounts Payable	1,134	1,121	-1,330	1,142	346	-343
Change in Income Taxes	565	296	325	162	256	186
Change in Other Net Operating Assets	-3,774	-9,339	-9,325	-6,219	-4,253	-4,253
Other Operating Activities	253	-1,258	1,219	584	-1,041	-347
Operating Cash Flow	2,416	-2,464	-5,301	-2,353	-1,338	584
Operating Cash Flow Growth	-	-	-	-	-	-79.67%
Capital Expenditures	-2,715	-2,597	-4,112	-1,718	-1,359	-1,747
Sale of Property, Plant & Equipment	-	-	-	-	878	46
Contributions to Nuclear Demissioning Trust	-6,915	-6,282	-6,050	-4,271	-6,673	-3,464
Other Investing Activities	9,781	16,307	13,193	9,093	10,436	7,123
Investing Cash Flow	151	7,428	3,031	3,104	3,282	1,958
Short-Term Debt Issued	-	200	685	257	1,242	805
Long-Term Debt Issued	-	920	3,195	14	152	3,155
Total Debt Issued	1,670	1,120	3,880	271	1,394	3,960
Short-Term Debt Repaid	-	-1,844	-200	-1,180	-285	-
Long-Term Debt Repaid	-	-121	-168	-1,420	-105	-4,884
Total Debt Repaid	-1,058	-1,965	-368	-2,600	-390	-4,884
Net Debt Issued (Repaid)	612	-845	3,512	-2,329	1,004	-924
Issuance of Common Stock	-	-	-	1,750	64	64
Repurchase of Common Stock	-400	-999	-992	-	-	-
Common Dividends Paid	-476	-444	-366	-185	-1,832	-1,734
Other Financing Activities	-94	-1	42	-35	-931	-70
Financing Cash Flow	-358	-2,289	2,196	-799	-1,695	-2,664
Net Cash Flow	2,209	2,675	-74	-48	249	-122
Free Cash Flow	-299	-5,061	-9,413	-4,071	-2,697	-1,163
Free Cash Flow Margin	-1.20%	-21.47%	-37.78%	-16.66%	-13.73%	-6.61%
Free Cash Flow Per Share	-0.95	-16.07	-29.05	-12.37	-	-
Cash Interest Paid	375	375	264	230	275	331
Cash Income Tax Paid	436	436	466	287	426	70
Levered Free Cash Flow	3,049	4,225	-1,641	1,364	1,920	2,291
Unlevered Free Cash Flow	3,354	4,542	-1,372	1,521	2,106	2,514
Change in Working Capital	-2,846	-7,333	-9,874	-6,011	-4,335	-3,362

Updated Nov 7, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q