SM Energy Company
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $648.0M | $770.0M | $818.0M | $1.11B | $36.2M | $-764.6M | $-187.0M | $508.4M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $29.0M | $25.0M | $20.0M | $18.8M | $18.8M | $15.0M | $24.3M | $23.9M |
| Net Cash from Operating Activities | $2.01B | $1.78B | $1.57B | $1.69B | $1.16B | $790.9M | $823.6M | $720.6M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.47B | $-3.41B | $-1.10B | $-880.3M | $-667.2M | $-555.6M | $-1.01B | $-587.9M |
| Financing Activities | ||||||||
| Dividends Paid | $92.0M | $85.0M | $72.0M | $19.6M | $2.4M | $2.3M | $11.3M | $11.2M |
| Stock Repurchases | $13.0M | $86.0M | $228.0M | $57.2M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $-175.0M | $1.01B | $-305.0M | $-693.9M | $-159.8M | $-235.4M | $111.8M | $-368.7M |
| Net Change in Cash | $368.0M | $-616.0M | $171.0M | $112.3M | $332.7M | $0 | $-78.0M | $-236.0M |
| Free Cash Flow | — | — | — | — | — | — | — | — |