Targa Resources Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.92B | $1.31B | $1.35B | $1.20B | $71.2M | $-1.55B | $-209.2M | $1.6M |
| Depreciation & Amortization | $1.52B | $1.42B | $1.33B | $1.10B | $870.6M | $865.1M | $971.6M | $815.9M |
| Depreciation | $1.19B | $1.05B | $945.6M | $853.8M | $739.6M | $721.1M | $800.0M | $633.3M |
| Amortization | $326.0M | $373.2M | $384.0M | $242.2M | $131.0M | $144.0M | $171.6M | $182.6M |
| Stock-Based Compensation | $69.5M | $63.2M | $62.4M | $57.5M | $59.2M | $66.2M | $60.3M | $56.3M |
| Net Cash from Operating Activities | $3.92B | $3.65B | $3.21B | $2.38B | $2.30B | $1.74B | $1.39B | $1.14B |
| Investing Activities | ||||||||
| Capital Expenditures | $3.33B | $2.97B | $2.39B | $1.33B | $505.1M | $951.6M | $2.88B | $3.11B |
| Business Acquisitions | $122.8M | — | — | $3.50B | — | — | — | — |
| Net Cash from Investing Activities | $-3.64B | $-3.02B | $-2.40B | $-4.15B | $-473.2M | $-738.1M | $-3.07B | $-3.15B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-266.6M | $-612.8M | $-888.1M | $1.83B | $-1.91B | $-1.09B | $1.78B | $2.10B |
| Net Change in Cash | $8.8M | $15.6M | $-77.3M | $60.5M | $-84.3M | $-88.3M | $99.0M | $94.9M |
| Free Cash Flow | $584.1M | $683.9M | $826.2M | $1.05B | $1.80B | $792.9M | $-1.49B | $-1.97B |