Southwest Gas Holdings, Inc. (SWX)

Southwest Gas Holdings Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	439.83	198.82	150.89	-203.29	200.78
Depreciation & Amortization	330.72	303.1	295.46	470.46	371.04
Loss (Gain) on Sale of Assets	-1.6	-	-0.14	-7.87	-6.91
Asset Writedown	-	-	71.23	455.43	-
Stock-Based Compensation	14.63	11.37	6.23	9.45	9.29
Change in Accounts Receivable	27.41	62.68	-43.29	-196.98	-54.05
Change in Accounts Payable	13.17	-20.01	-256.4	293.91	50.43
Change in Income Taxes	-20.46	2.15	-5.39	17.93	-6.73
Change in Other Net Operating Assets	-34.41	649.74	194.01	-355.07	-432.94
Other Operating Activities	-175.13	-2.51	-62.11	-76.51	-19.54
Net Cash from Discontinued Operations	-38.09	150.45	158.71	-	-
Operating Cash Flow	556.08	1,356	509.21	407.46	111.38
Operating Cash Flow Growth	-58.98%	166.25%	24.97%	265.82%	-82.21%
Capital Expenditures	-807.87	-846.59	-765.87	-859.42	-715.63
Sale of Property, Plant & Equipment	5.31	21.38	-	-	-
Cash Acquisitions	-	-	-	-18.81	-2,354
Divestitures	-	-	1,022	-	-
Other Investing Activities	777.75	-96.36	-105.65	39.33	34.23
Investing Cash Flow	-24.81	-921.57	150.97	-838.9	-3,036
Short-Term Debt Issued	-	51.5	450	113.5	1,850
Long-Term Debt Issued	-	-	847.76	1,068	1,661
Total Debt Issued	-	51.5	1,298	1,181	3,511
Short-Term Debt Repaid	-680	-	-1,917	-479.69	-48
Long-Term Debt Repaid	-	-	-50	-579.91	-472.66
Total Debt Repaid	-680	-	-1,967	-1,060	-520.66
Net Debt Issued (Repaid)	-680	51.5	-668.99	121.7	2,990
Issuance of Common Stock	19.73	8.88	251.76	461.83	213.64
Repurchase of Common Stock	-3.06	-2.68	-1.78	-2.66	-1.26
Common Dividends Paid	-178.51	-177.63	-174.57	-160.56	-138.22
Other Financing Activities	523.57	-56.41	-107.21	-63.82	-0.73
Financing Cash Flow	-318.28	-176.34	-700.8	356.48	3,063
Foreign Exchange Rate Adjustments	-0.13	-0.62	0.27	-0.85	0.16
Miscellaneous Cash Flow Adjustments	-	-	23.8	-23.8	-
Net Cash Flow	212.86	257.25	-16.54	-99.62	139.35
Free Cash Flow	-251.79	509.19	-256.66	-451.96	-604.24
Free Cash Flow Margin	-12.98%	20.57%	-10.13%	-9.11%	-16.42%
Free Cash Flow Per Share	-3.48	7.07	-3.62	-6.89	-10.20
Cash Interest Paid	176.96	157	139.75	219.83	104.35
Cash Income Tax Paid	40.49	9.91	9.37	12	4.21
Levered Free Cash Flow	-45.28	397.08	637.79	-1,530	-660.96
Unlevered Free Cash Flow	81.65	526.16	759.55	-1,378	-586.46
Change in Working Capital	-14.29	694.56	-111.06	-240.21	-443.29

Updated Feb 25, 2026. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q