SM Energy Company (SM)
NYSE: SM · Real-Time Price · USD
32.73
-0.04 (-0.12%)
Nov 13, 2026, 4:00 PM EST - Market closed
SM Energy Company Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 | 938 | 648 | 770 | 818 | 1,112 | 36.23 |
Depreciation & Amortization | 1,933 | 1,207 | 809 | 690 | 603.78 | 809.39 |
Other Amortization | 10 | 10 | 7 | 5 | 10.28 | 17.28 |
Loss (Gain) From Sale of Assets | -260 | - | - | - | - | - |
Stock-Based Compensation | 58 | 29 | 25 | 20 | 18.77 | 18.82 |
Other Operating Activities | 819 | 103 | 162 | 45 | 13.68 | 160.65 |
Change in Accounts Receivable | 30 | 30 | -86 | -10 | 38.55 | -101.05 |
Change in Accounts Payable | -17 | -17 | 109 | 8 | -109.56 | 218.24 |
Change in Other Net Operating Assets | -194 | 1 | -13 | -2 | -1.06 | 0.22 |
Operating Cash Flow | 3,317 | 2,011 | 1,783 | 1,574 | 1,686 | 1,160 |
Operating Cash Flow Growth | 55.19% | 12.79% | 13.28% | -6.67% | 45.41% | 46.63% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -2,270 | -1,472 | -3,415 | -1,099 | -879.94 | -678.16 |
Sale of Property, Plant & Equipment | 889 | - | - | - | - | - |
Other Investing Activities | -25 | 4 | 8 | - | -0.32 | 10.93 |
Investing Cash Flow | -1,455 | -1,468 | -3,407 | -1,099 | -880.26 | -667.24 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Long-Term Debt Issued | - | 1,570 | 2,496 | - | - | 2,225 |
Long-Term Debt Repaid | - | -1,638 | -1,299 | - | -584.95 | -2,376 |
Net Debt Issued (Repaid) | -1,176 | -68 | 1,197 | - | -584.95 | -151.01 |
Issuance of Common Stock | 3 | 3 | 3 | 3 | 3.04 | 2.64 |
Repurchase of Common Stock | -166 | -13 | -86 | -228 | -57.21 | - |
Common Dividends Paid | -210 | -92 | -85 | -72 | -19.64 | -2.39 |
Other Financing Activities | -33 | -5 | -21 | -8 | -35.11 | -9.07 |
Financing Cash Flow | -1,582 | -175 | 1,008 | -305 | -693.86 | -159.83 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Miscellaneous Cash Flow Adjustments | - | - | - | 1 | - | - |
Net Cash Flow | 280 | 368 | -616 | 171 | 112.28 | 332.71 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 1,047 | 539 | -1,632 | 475 | 806.47 | 481.61 |
Free Cash Flow Growth | - | - | - | -41.10% | 67.45% | 98.06% |
Free Cash Flow Margin | 16.84% | 17.81% | -63.40% | 20.93% | 25.23% | 19.25% |
Free Cash Flow Per Share | 5.28 | 4.69 | -14.07 | 3.99 | 6.50 | 3.89 |
Levered Free Cash Flow | 2,007 | 206.88 | -1,975 | 197.22 | 358.78 | 431.72 |
Unlevered Free Cash Flow | 2,236 | 305 | -1,894 | 249.72 | 423.71 | 514.66 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 332 | 166 | 88 | 87 | 134.24 | 136.61 |
Cash Income Tax Paid | 28 | 4 | 27 | 9 | 10.58 | 0.86 |
Change in Working Capital | -181 | 14 | 10 | -4 | -72.06 | 117.41 |