Energy Transfer LP
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $4.43B | $4.81B | $3.94B | $4.76B | $5.47B | $-648.0M | $3.52B | $1.75B |
| Depreciation & Amortization | $5.68B | $5.17B | $4.39B | $4.16B | $3.82B | $3.68B | $3.15B | $2.86B |
| Depreciation | $5.20B | $4.70B | $3.99B | $3.77B | $3.47B | $3.28B | $2.84B | $2.54B |
| Amortization | $479.0M | $464.0M | $399.0M | $390.0M | $352.0M | $403.0M | $308.0M | — |
| Stock-Based Compensation | $148.0M | $151.0M | $130.0M | $115.0M | $111.0M | $121.0M | $113.0M | $105.0M |
| Net Cash from Operating Activities | $10.15B | $11.51B | $9.56B | $9.05B | $11.16B | $7.36B | $8.06B | $7.51B |
| Investing Activities | ||||||||
| Capital Expenditures | $6.30B | $4.16B | $3.13B | $3.38B | $2.82B | $5.13B | $5.96B | $7.41B |
| Business Acquisitions | — | $250.0M | $111.0M | $1.14B | $205.0M | $0 | $7.0M | $429.0M |
| Net Cash from Investing Activities | $-8.37B | $-5.90B | $-4.33B | $-4.02B | $-2.78B | $-4.90B | $-6.93B | $-7.08B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | $0 | $0 | $31.0M | $0 | $25.0M | $0 |
| Net Cash from Financing Activities | $-816.0M | $-5.45B | $-5.33B | $-5.11B | $-8.42B | $-2.39B | $-1.25B | $-3.08B |
| Net Change in Cash | $960.0M | $151.0M | $-96.0M | $-79.0M | $-31.0M | $76.0M | $-128.0M | $83.0M |
| Free Cash Flow | $3.85B | $7.34B | $6.42B | $5.67B | $8.34B | $2.23B | $2.10B | $99.0M |