DT Midstream Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	477	454	367	396	382	318
Depreciation & Amortization	281	275	227	200	189	184
Stock-Based Compensation	26	26	23	20	17	12
Other Adjustments	142	137	124	129	97	124
Change in Receivables	-28	-24	11	7	8	-43
Changes in Accounts Payable	-6	-13	11	-5	7	-6
Changes in Accrued Expenses	24	-	-	-	-	-
Changes in Unearned Revenue	24	26	23	97	3	6
Changes in Other Operating Activities	-2	-14	-23	-46	22	-23
Operating Cash Flow	900	867	763	798	725	572
Operating Cash Flow Growth	17.04%	13.63%	-4.39%	10.07%	26.75%	-4.19%
Capital Expenditures	-433	-426	-350	-772	-338	-140
Payments for Business Acquisitions	-	10	-1,198	-	-552	-
Other Investing Activities	41	49	467	421	36	263
Investing Cash Flow	-386	-372	-1,081	-351	-854	123
Short-Term Debt Issued	385	330	385	540	370	25
Short-Term Debt Repaid	-450	-480	-400	-705	-40	-3,200
Net Short-Term Debt Issued (Repaid)	-65	-150	-15	-165	330	-3,175
Long-Term Debt Issued	-	-	644	-	591	3,047
Long-Term Debt Repaid	-	-	-399	-	-596	-5
Net Long-Term Debt Issued (Repaid)	-	-	245	-	-5	3,042
Issuance of Common Stock	-	-	406	-	-	110
Net Common Stock Issued (Repurchased)	-	-	406	-	-	110
Common Dividends Paid	-332	-324	-280	-263	-244	-559
Other Financing Activities	-41	-35	-26	-24	-23	-23
Financing Cash Flow	-447	-509	330	-452	58	-605
Net Cash Flow	67	-14	12	-5	-71	90
Free Cash Flow	467	441	413	26	387	432
Free Cash Flow Growth	5.90%	6.78%	1488.46%	-93.28%	-10.42%	446.83%
FCF Margin	36.60%	35.48%	42.10%	2.82%	42.07%	51.43%
Free Cash Flow Per Share	4.54	4.30	4.20	0.27	3.98	4.46
Levered Free Cash Flow	286	139	472	-307	578	195
Unlevered Free Cash Flow	372.67	314.15	244.08	-152.97	261.83	323.93

SEC Filings: 10-K · 10-Q