Targa Resources Corp. (TRGP)

Targa Resources 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	1,923	1,312	1,346	1,196	71.2
Depreciation & Amortization	1,515	1,423	1,330	1,101	874.6
Other Amortization	-	-	-	49.6	14.9
Loss (Gain) From Sale of Assets	-	-	-	-9.6	2
Asset Writedown & Restructuring Costs	-	-	-	9.8	462.6
Loss (Gain) From Sale of Investments	-	-	-	-435.9	-
Loss (Gain) on Equity Investments	8.9	10.4	4.1	3.1	107.9
Stock-Based Compensation	69.5	63.2	62.4	57.5	59.2
Other Operating Activities	594.3	802.4	330.4	774	491
Change in Accounts Receivable	110.8	-75	-20.6	219.7	-392.4
Change in Inventory	-89.5	33.5	36	-236.2	40.6
Change in Accounts Payable	-256.8	40.7	68.2	-383	565.4
Change in Other Net Operating Assets	41.9	39.5	55.6	35.5	5.9
Operating Cash Flow	3,917	3,650	3,212	2,381	2,303
Operating Cash Flow Growth	7.33%	13.64%	34.90%	3.38%	32.01%
Capital Expenditures	-3,333	-2,966	-2,385	-1,334	-505.1
Sale of Property, Plant & Equipment	-	-	-	23	12.2
Cash Acquisitions	-213.1	-	-	-3,709	-
Investment in Securities	-122.7	-57.4	-19.1	872.3	19.6
Other Investing Activities	27.1	1.9	3.7	-1.6	0.1
Investing Cash Flow	-3,642	-3,021	-2,401	-4,150	-473.2
Short-Term Debt Issued	111,026	86,206	59,146	31,734	630
Long-Term Debt Issued	5,239	999.4	3,728	10,086	1,620
Total Debt Issued	116,265	87,205	62,874	41,821	2,250
Short-Term Debt Repaid	-112,325	-85,495	-60,205	-30,076	-830
Long-Term Debt Repaid	-781.7	-550.1	-1,333	-7,048	-2,600
Total Debt Repaid	-113,107	-86,045	-61,538	-37,124	-3,430
Net Debt Issued (Repaid)	3,158	1,160	1,336	4,697	-1,180
Repurchase of Common Stock	-709.1	-811.1	-429.5	-260.6	-53.2
Common Dividends Paid	-818.3	-615.5	-427.3	-	-
Dividends Paid	-818.3	-615.5	-427.3	-379.7	-187.5
Other Financing Activities	-1,897	-346	-1,367	-1,262	-493.8
Financing Cash Flow	-266.6	-612.8	-888.1	1,829	-1,914
Net Cash Flow	8.8	15.6	-77.3	60.5	-84.3
Free Cash Flow	584.1	683.9	826.2	1,047	1,798
Free Cash Flow Growth	-14.59%	-17.22%	-21.05%	-41.79%	126.74%
Free Cash Flow Margin	3.43%	4.17%	5.14%	5.00%	10.61%
Free Cash Flow Per Share	2.69	3.09	3.66	4.53	7.86
Cash Interest Paid	793.3	712.7	618.6	401.3	356
Cash Income Tax Paid	24.3	16.7	8.5	1.6	1.3
Levered Free Cash Flow	-264.4	280.73	203.2	243.11	1,356
Unlevered Free Cash Flow	268.6	760.23	633.08	472.33	1,583
Change in Working Capital	-193.6	38.7	139.2	-364	219.5

Updated Feb 19, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q