NiSource Inc. (NI)

NiSource Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,042	1,013	844.7	674.4	791.8	588.8
Depreciation & Amortization	1,197	1,168	1,043	908.2	820.8	748.4
Stock-Based Compensation	-	50.9	43.6	33.5	24.9	24.3
Other Adjustments	256.1	260.6	118.1	119.1	140.3	116.8
Change in Receivables	-	-273.4	-101.5	184.1	-216.3	-40.3
Changes in Inventories	-	-60.3	102	233.9	-258.9	-112.9
Changes in Accounts Payable	-	131.8	71.5	-171.8	165	54.9
Changes in Accrued Expenses	-	67.9	9.5	-102.9	73.4	43
Changes in Other Operating Activities	-365.35	4.6	-349.6	56.6	-131.6	-205.1
Operating Cash Flow	2,118	2,362	1,782	1,935	1,409	1,218
Operating Cash Flow Growth	5.29%	32.60%	-7.94%	37.30%	15.72%	10.32%
Capital Expenditures	-2,950	-2,782	-2,614	-2,646	-2,203	-1,838
Purchases of Investments	-	-93.9	-17.8	-42.8	-73.5	-102.9
Proceeds from Sale of Investments	-	39.3	93.2	39.9	75.7	97.8
Other Investing Activities	-925.4	-1,687	-674.4	-922.9	-369.3	-362.5
Investing Cash Flow	-4,114	-4,524	-3,213	-3,572	-2,570	-2,205
Short-Term Debt Issued	520	131.4	-794	1,286	1,202	57
Short-Term Debt Repaid	-	-	-1,650	-	-	-
Net Short-Term Debt Issued (Repaid)	520	131.4	-2,444	1,286	1,202	57
Long-Term Debt Issued	2,611	3,352	2,230	1,489	345.6	-
Long-Term Debt Repaid	-32.4	-1,282	-25.6	-33.1	-60.3	-25.7
Net Long-Term Debt Issued (Repaid)	2,578	2,070	2,204	1,456	285.3	-25.7
Issuance of Common Stock	312.8	312.1	612.6	12.9	154.3	299.6
Net Common Stock Issued (Repurchased)	312.8	312.1	612.6	12.9	154.3	299.6
Repurchase of Preferred Stock	-	-	-500.1	-400.1	-	839.9
Net Preferred Stock Issued (Repurchased)	-	-	-500.1	-400.1	-	839.9
Common Dividends Paid	-547.4	-530.4	-481	-413.5	-381.5	-345.2
Preferred Share Dividends Paid	-	-	-8.2	-43.8	-55.1	-55.1
Other Financing Activities	105.7	115.8	-34.2	1,945	-63.9	185.8
Financing Cash Flow	1,719	2,099	-651	3,842	1,141	956.3
Net Cash Flow	-276.15	-62.9	-2,083	2,206	-19.5	-30.7
Free Cash Flow	-832	-420	-832.5	-710.7	-793.7	-620.1
FCF Margin	-12.20%	-6.32%	-15.26%	-12.91%	-13.57%	-12.66%
Free Cash Flow Per Share	-1.75	-0.89	-1.83	-1.59	-1.79	-1.49
Levered Free Cash Flow	1,945	1,660	-1,238	1,682	702.1	-748.6
Unlevered Free Cash Flow	-507.42	57.11	-511.37	-648.35	-486.45	-470.66

Updated May 6, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q