Southwest Gas Holdings, Inc. (SWX)

Southwest Gas Holdings 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	672.57	670.02	425.82	295.51	-197.68	207.2
Depreciation & Amortization	302.41	330.72	303.1	295.46	470.46	371.04
Stock-Based Compensation	12.77	14.63	11.37	6.23	9.45	9.29
Other Adjustments	124.3	110.7	51.13	128.54	375.05	54.31
Change in Receivables	6.58	32.41	66.28	-38.39	-193.78	-51.55
Changes in Accounts Payable	-3.08	13.17	-20.01	-256.4	293.91	50.43
Changes in Income Taxes Payable	-20.43	-20.46	2.15	-5.39	17.93	-6.73
Changes in Other Operating Activities	-223.88	-159.94	720.78	239.16	-367.87	-522.61
Operating Cash Flow	426.94	556.08	1,356	509.21	407.46	111.38
Operating Cash Flow Growth	-61.30%	-58.98%	166.25%	24.97%	265.82%	-82.21%
Capital Expenditures	-829.09	-807.87	-846.59	-765.87	-859.42	-715.63
Sale of Property, Plant & Equipment	2.65	5.31	21.38	-	-	-
Payments for Business Acquisitions	-	-	-	-	-18.81	-2,354
Proceeds from Business Divestments	-	-	-	1,022	-	-
Other Investing Activities	5.31	777.75	-96.36	-105.65	39.33	34.23
Investing Cash Flow	-41.79	-24.81	-921.57	150.97	-838.9	-3,036
Short-Term Debt Issued	-140	-130	51.5	356	113.5	1,802
Short-Term Debt Repaid	-387.5	-550	-	-1,823	-479.69	-
Net Short-Term Debt Issued (Repaid)	-527.5	-680	51.5	-1,467	-366.19	1,802
Long-Term Debt Issued	-56.97	-	-	847.76	1,068	1,661
Long-Term Debt Repaid	-37.56	-	-	-50	-579.91	-472.66
Net Long-Term Debt Issued (Repaid)	-94.53	-	-	797.76	487.89	1,188
Issuance of Common Stock	243.91	19.73	8.88	251.76	461.83	213.64
Repurchase of Common Stock	-4.37	-3.06	-2.68	-1.78	-2.66	-1.26
Net Common Stock Issued (Repurchased)	239.54	16.66	6.21	249.98	459.17	212.38
Common Dividends Paid	-178.79	-178.51	-177.63	-174.57	-160.56	-138.22
Other Financing Activities	-4.99	523.57	-56.41	-107.21	-63.82	-0.73
Financing Cash Flow	-306.55	-318.28	-176.34	-700.8	356.48	3,063
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.14	-0.13	-0.62	0.27	-0.85	0.16
Net Cash Flow	78.46	212.86	257.25	-40.35	-75.82	139.35
Free Cash Flow	-402.15	-251.79	509.19	-256.66	-451.96	-604.24
FCF Margin	-16.07%	-12.98%	20.57%	-10.13%	-9.11%	-16.42%
Free Cash Flow Per Share	-5.55	-3.48	7.07	-3.62	-6.89	-10.20
Levered Free Cash Flow	-931.77	-884.54	409.75	-1,011	-526.59	2,367
Unlevered Free Cash Flow	-487.59	-308.03	512.87	-250.92	-462.64	-513.3

Updated May 5, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q