Xcel Energy Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.02B | $1.94B | $1.77B | $1.74B | $1.60B | $1.47B | $1.37B | $1.26B |
| Depreciation & Amortization | $2.97B | $2.77B | $2.47B | $2.44B | $2.14B | $1.96B | $1.79B | $1.66B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $46.0M | $33.0M | $25.0M | $20.0M | $31.0M | $73.0M | $58.0M | $45.0M |
| Net Cash from Operating Activities | $4.08B | $4.64B | $5.33B | $3.93B | $2.19B | $2.85B | $3.26B | $3.12B |
| Investing Activities | ||||||||
| Capital Expenditures | $10.91B | $7.36B | $5.85B | $4.64B | $4.24B | $5.37B | $4.23B | $3.96B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-10.97B | $-7.43B | $-5.93B | $-4.65B | $-4.29B | $-4.74B | $-4.34B | $-3.99B |
| Financing Activities | ||||||||
| Dividends Paid | $1.28B | $1.18B | $1.09B | $1.01B | $935.0M | $856.0M | $791.0M | $730.0M |
| Stock Repurchases | — | — | — | — | — | — | — | $1.0M |
| Net Cash from Financing Activities | $6.98B | $2.84B | $617.0M | $666.0M | $2.14B | $1.77B | $1.18B | $928.0M |
| Net Change in Cash | $95.0M | $50.0M | $18.0M | $-55.0M | $37.0M | $-119.0M | $101.0M | $64.0M |
| Free Cash Flow | $-6.83B | $-2.72B | $-527.0M | $-706.0M | $-2.06B | $-2.52B | $-962.0M | $-835.0M |