NATIONAL FUEL GAS CO
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $518.5M | $77.5M | $476.9M | $566.0M | $363.6M | $-123.8M | $304.3M | $391.5M |
| Depreciation & Amortization | $456.6M | $457.0M | $409.6M | $369.8M | $335.3M | $306.2M | $275.7M | $241.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $19.8M | $22.1M | $20.6M | $19.5M | $17.1M | $14.9M | $21.2M | $15.8M |
| Net Cash from Operating Activities | $1.10B | $1.07B | $1.24B | $812.5M | $791.6M | $740.8M | $694.5M | $615.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $912.8M | $931.2M | $1.01B | $811.8M | $751.7M | $716.2M | $788.9M | $584.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-891.7M | $-933.9M | $-1.11B | $-518.7M | $-633.2M | $-1.22B | $-799.2M | $-528.9M |
| Financing Activities | ||||||||
| Dividends Paid | $188.4M | $183.8M | $176.1M | $168.1M | $163.1M | $153.3M | $147.4M | $143.3M |
| Stock Repurchases | $54.4M | $64.1M | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $-203.4M | $-149.3M | $-207.0M | $-276.2M | $-58.7M | $476.1M | $-101.1M | $-410.6M |
| Net Change in Cash | — | — | — | — | — | — | — | $-325.9M |
| Free Cash Flow | $187.2M | $134.7M | $227.2M | $695.0K | $39.8M | $24.7M | $-94.5M | $31.3M |