KINDER MORGAN, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $3.06B | $2.61B | $2.39B | $2.55B | $1.78B | $119.0M | $2.19B | $1.61B |
| Depreciation & Amortization | $2.45B | $2.35B | $2.25B | $2.19B | $2.14B | $2.16B | $2.41B | $2.30B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $190.0M | $197.0M | $202.0M | $253.0M | $237.0M | $212.0M | $214.0M | $219.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $5.92B | $5.64B | $6.49B | $4.97B | $5.71B | $4.55B | $4.75B | $5.04B |
| Investing Activities | ||||||||
| Capital Expenditures | $3.03B | $2.63B | $2.32B | $1.62B | $1.28B | $1.71B | $2.27B | $2.90B |
| Business Acquisitions | — | — | — | — | — | $16.0M | $79.0M | $39.0M |
| Net Cash from Investing Activities | $-3.18B | $-2.63B | $-4.18B | $-2.18B | $-2.31B | $-911.0M | $-1.71B | $-68.0M |
| Financing Activities | ||||||||
| Dividends Paid | $2.60B | $2.56B | $2.53B | $2.50B | $2.44B | $2.36B | $2.16B | $1.62B |
| Stock Repurchases | $0 | $7.0M | $522.0M | $368.0M | $0 | $50.0M | $2.0M | $273.0M |
| Net Cash from Financing Activities | $-2.84B | $-2.89B | $-3.01B | $-3.15B | $-3.47B | $-2.64B | $-6.19B | $-1.82B |
| Net Change in Cash | $-105.0M | $118.0M | $-698.0M | $-353.0M | $-62.0M | $1.00B | $-3.12B | $3.01B |
| Free Cash Flow | $2.89B | $3.01B | $4.17B | $3.35B | $4.43B | $2.84B | $2.48B | $2.14B |