Xcel Energy Inc. (XEL)
NASDAQ: XEL · Real-Time Price · USD
80.67
+1.91 (2.42%)
Nov 4, 2026, 1:35 PM EST - Market open
Xcel Energy 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 | 2,669 | 2,018 | 1,936 | 1,771 | 1,736 | 1,597 |
Depreciation & Amortization | 3,114 | 3,082 | 2,875 | 2,567 | 2,554 | 2,257 |
Loss (Gain) on Equity Investments | -186 | -17 | -19 | -35 | -36 | -62 |
Stock-Based Compensation | 46 | 46 | 33 | 25 | 20 | 31 |
Change in Accounts Receivable | -197 | -177 | 40 | 225 | -672 | -313 |
Change in Inventory | -315 | -300 | -140 | -98 | -203 | -126 |
Change in Accounts Payable | -23 | -50 | 37 | -149 | 195 | 138 |
Change in Other Net Operating Assets | -17 | -585 | -109 | 1,214 | 565 | -1,143 |
Other Operating Activities | -80 | 5 | -59 | -272 | -300 | -250 |
Operating Cash Flow | 5,077 | 4,083 | 4,641 | 5,327 | 3,932 | 2,189 |
Operating Cash Flow Growth | 11.88% | -12.02% | -12.88% | 35.48% | 79.63% | -23.14% |
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 | -12,693 | -10,908 | -7,364 | -5,854 | -4,638 | -4,244 |
Contributions to Nuclear Demissioning Trust | -1,755 | -1,200 | -998 | -994 | -1,332 | -757 |
Other Investing Activities | 1,744 | 1,139 | 934 | 922 | 1,317 | 714 |
Investing Cash Flow | -12,704 | -10,969 | -7,428 | -5,926 | -4,653 | -4,287 |
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 |
Short-Term Debt Issued | - | 855 | - | - | - | 421 |
Long-Term Debt Issued | - | 5,763 | 3,647 | 2,630 | 2,164 | 2,710 |
Total Debt Issued | 8,093 | 6,618 | 3,647 | 2,630 | 2,164 | 3,131 |
Short-Term Debt Repaid | - | - | -90 | -28 | -192 | - |
Long-Term Debt Repaid | - | -1,713 | -656 | -1,151 | -601 | -417 |
Total Debt Repaid | -706 | -1,713 | -746 | -1,179 | -793 | -417 |
Net Debt Issued (Repaid) | 7,387 | 4,905 | 2,901 | 1,451 | 1,371 | 2,714 |
Issuance of Common Stock | 3,037 | 3,349 | 1,117 | 270 | 322 | 366 |
Common Dividends Paid | -1,398 | -1,282 | -1,175 | -1,092 | -1,012 | -935 |
Other Financing Activities | 32 | 9 | -6 | -12 | -15 | -10 |
Financing Cash Flow | 9,058 | 6,981 | 2,837 | 617 | 666 | 2,135 |
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 |
Net Cash Flow | 1,431 | 95 | 50 | 18 | -55 | 37 |
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 | -7,616 | -6,825 | -2,723 | -527 | -706 | -2,055 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -51.21% | -46.53% | -20.26% | -3.71% | -4.61% | -15.30% |
Free Cash Flow Per Share | -12.27 | -11.59 | -4.84 | -0.95 | -1.29 | -3.81 |
Levered Free Cash Flow | -8,348 | -7,018 | -3,601 | -1,067 | -1,386 | -1,794 |
Unlevered Free Cash Flow | -7,259 | -6,101 | -2,817 | -407.88 | -790.13 | -1,268 |
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 | 1,442 | 1,262 | 1,131 | 945 | 887 | 788 |
Cash Income Tax Paid | - | -641 | -588 | -92 | 15 | 4 |
Change in Working Capital | -552 | -1,112 | -172 | 1,192 | -115 | -1,444 |