Cash Flow Statement

Operating Cash Flow

+4%

+43%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	689	609	(1 868)	(2 218)	(2 182)	(2 551)	(60)	622	632	1 001	760	356	328	325	474	513	543	558	586	572	540	511	541	577	611	648	616	646	667	678	676	681	674	697	788	756	792	811	837	841	822	846	906	905	958	972	938	948	973	971	975	1 021	912	914	972	985	1 074	1 074	1 105	1 123	1 121	1 152	1 186	1 148	1 200	1 238	1 236	1 261	1 285	1 258	1 294	1 372	1 352	1 401	1 477	1 473	1 540	1 564	1 570	1 597	1 615	1 632	1 672	1 736	1 774	1 734	1 741	1 771	1 841	1 855	1 881	1 936	1 931	2 073	1 915	2 018
Depreciation & Amortization	798	835	853	768	710	630	562	758	738	724	709	739	759	778	776	782	793	809	844	857	870	879	859	835	838	844	866	844	830	810	789	836	833	838	861	872	891	913	934	909	913	910	907	944	964	1 037	1 053	1 100	1 126	1 113	1 145	1 151	1 178	1 187	1 213	1 249	1 293	1 352	1 398	1 436	1 486	1 522	1 565	1 609	1 627	1 645	1 713	1 781	1 832	1 889	1 897	1 904	1 934	1 972	2 036	2 082	2 130	2 174	2 212	2 257	2 307	2 429	2 486	2 554	2 617	2 538	2 550	2 567	2 591	2 735	2 799	2 875	2 954	2 968	3 038	3 082
Change in Deffered Taxes	0	8	(825)	144	189	182	1 073	101	49	99	112	57	64	33	145	205	162	134	(80)	(60)	22	79	233	265	310	305	277	282	239	291	387	408	458	432	428	415	435	441	478	467	519	547	518	508	471	465	477	515	535	516	539	569	502	524	565	536	614	598	586	587	620	643	609	640	505	441	323	218	185	155	164	143	151	96	58	(8)	(65)	(75)	(62)	(79)	(111)	(147)	(155)	(140)	(158)	(197)	(228)	(59)	168	418	520	225	84	222	214	414
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	40	4	10	15	23	24	24	26	26	29	33	21	30	27	28	44	36	39	40	40	45	39	42	34	27	31	28	34	25	22	17	13	32	37	43	45	45	48	48	45	41	46	49	55	57	45	35	38	45	58	70	67	58	65	64	71	73	56	53	33	31	26	24	30	20	25	18	18	25	22	30	35	33	36	37	44	45
Other Non-Cash Items	(86)	(19)	3 291	3 269	3 269	3 771	498	194	115	(747)	(517)	(160)	(41)	352	240	29	(21)	30	12	195	274	116	78	166	113	126	92	87	111	190	194	154	142	97	97	108	135	138	180	157	142	138	37	40	34	(22)	29	(37)	(62)	(48)	(44)	(2)	147	174	189	181	42	38	28	29	37	35	36	28	2	(21)	(35)	3	18	42	64	69	72	83	87	(7)	(4)	(14)	(14)	(59)	(62)	(57)	(53)	19	27	23	20	13	(11)	(24)	(36)	(73)	(71)	(85)	(127)	(159)
Cash Taxes Paid	0	0	0	25	0	63	57	(6)	0	0	0	(356)	(356)	(349)	(345)	11	11	(3)	(1)	(13)	(10)	1	(24)	7	1	47	68	95	99	74	23	(21)	(24)	(40)	18	17	(43)	(46)	(54)	(56)	5	5	4	10	(10)	(10)	(14)	(17)	1	1	5	5	(58)	(59)	(58)	(58)	(3)	(61)	(62)	(62)	(55)	3	(43)	(44)	(44)	(45)	2	(27)	(27)	(84)	(84)	(53)	(53)	11	17	(12)	(15)	(17)	(23)	4	7	8	14	15	16	55	67	(92)	38	(492)	(644)	(588)	(655)	(645)	(615)	(641)
Cash Interest Paid	0	0	0	641	0	984	1 075	403	0	0	0	424	510	630	721	417	426	423	428	428	442	369	429	469	482	539	523	485	515	512	523	515	495	518	504	530	548	543	546	531	537	546	562	564	561	540	538	515	514	508	511	513	522	528	530	543	546	570	579	592	602	599	619	616	623	628	618	633	642	664	686	698	715	718	736	758	757	784	768	788	784	823	824	887	894	923	911	945	966	1 001	1 086	1 131	1 153	1 197	1 170	1 262
Change in Working Capital	127	121	197	(248)	(229)	(343)	(854)	(287)	(98)	52	(68)	(188)	(221)	(209)	(133)	(366)	(96)	79	110	373	124	41	(13)	(230)	(300)	(424)	(406)	(170)	102	38	56	(165)	(452)	(362)	(362)	(256)	(251)	(200)	(138)	32	(172)	(293)	(313)	(392)	(257)	(239)	(62)	57	(37)	(3)	(29)	(91)	302	319	195	75	(179)	(132)	(167)	(123)	(297)	(421)	(388)	(299)	(39)	(31)	15	(141)	(292)	(325)	(233)	(225)	(370)	(475)	(778)	(692)	(1 558)	(1 460)	(1 453)	(1 527)	(284)	(169)	(173)	(237)	69	301	1 035	1 035	251	128	(213)	(322)	(279)	(668)	(502)	(1 272)
Cash from Operating Activities	1 528 N/A	1 554 +2%	1 647 +6%	1 715 +4%	1 759 +3%	1 689 -4%	1 219 -28%	1 387 +14%	1 437 +4%	1 128 -22%	997 -12%	805 -19%	890 +11%	1 279 +44%	1 502 +17%	1 163 -23%	1 381 +19%	1 609 +16%	1 472 -9%	1 937 +32%	1 830 -6%	1 626 -11%	1 698 +4%	1 613 -5%	1 571 -3%	1 499 -5%	1 445 -4%	1 688 +17%	1 949 +15%	2 007 +3%	2 103 +5%	1 913 -9%	1 654 -14%	1 701 +3%	1 812 +7%	1 894 +4%	2 002 +6%	2 104 +5%	2 292 +9%	2 406 +5%	2 224 -8%	2 148 -3%	2 053 -4%	2 005 -2%	2 170 +8%	2 214 +2%	2 436 +10%	2 584 +6%	2 534 -2%	2 549 +1%	2 585 +1%	2 648 +2%	3 041 +15%	3 118 +3%	3 134 +1%	3 026 -3%	2 843 -6%	2 929 +3%	2 949 +1%	3 052 +4%	2 968 -3%	2 932 -1%	3 007 +3%	3 126 +4%	3 295 +5%	3 271 -1%	3 252 -1%	3 122 -4%	3 028 -3%	3 019 0%	3 186 +6%	3 263 +2%	3 139 -4%	3 077 -2%	2 880 -6%	2 848 -1%	2 043 -28%	2 189 +7%	2 253 +3%	2 189 -3%	3 465 +58%	3 688 +6%	3 777 +2%	3 932 +4%	4 329 +10%	4 399 +2%	5 118 +16%	5 327 +4%	4 840 -9%	5 112 +6%	4 951 -3%	4 641 -6%	4 619 0%	4 510 -2%	4 538 +1%	4 083 -10%
Investing Cash Flow
Capital Expenditures	(190)	792	1 357	(908)	(510)	(9)	564	(947)	(983)	(1 023)	(1 135)	(1 276)	(1 338)	(1 397)	(1 322)	(1 311)	(1 328)	(1 412)	(1 577)	(1 628)	(1 789)	(1 873)	(1 943)	(2 097)	(2 104)	(2 158)	(2 138)	(2 114)	(2 102)	(2 021)	(1 901)	(1 787)	(1 790)	(1 807)	(2 038)	(2 217)	(2 276)	(2 372)	(2 260)	(2 206)	(2 163)	(2 187)	(2 407)	(2 570)	(2 825)	(3 063)	(3 219)	(3 395)	(3 466)	(3 374)	(3 242)	(3 200)	(3 148)	(3 102)	(3 085)	(3 683)	(3 613)	(3 619)	(3 684)	(3 256)	(3 304)	(3 316)	(3 326)	(3 319)	(3 453)	(3 748)	(3 823)	(3 957)	(3 918)	(3 743)	(4 215)	(4 225)	(4 988)	(5 105)	(4 888)	(5 369)	(4 786)	(4 767)	(4 720)	(4 244)	(4 162)	(4 317)	(4 537)	(4 638)	(4 961)	(5 197)	(5 553)	(5 854)	(6 126)	(6 623)	(6 761)	(7 364)	(7 815)	(8 411)	(9 687)	(10 908)
Other Items	(3 951)	(4 588)	(4 208)	(1 804)	(1 604)	(1 435)	(1 564)	18	(76)	(43)	(30)	45	98	93	49	86	75	86	109	78	16	26	58	15	(8)	(18)	(84)	(43)	(20)	(5)	35	52	69	71	77	(589)	(695)	(590)	(687)	(42)	140	73	211	237	178	175	185	182	165	142	105	83	93	85	63	61	35	(17)	(6)	(6)	(11)	24	32	23	33	61	59	(29)	(48)	(86)	(194)	(118)	(109)	(110)	653	629	617	405	(64)	(43)	(42)	177	(6)	(15)	(24)	(40)	(71)	(72)	(72)	(67)	(70)	(64)	(48)	(44)	(36)	(61)
Cash from Investing Activities	(4 140) N/A	(3 796) +8%	(2 851) +25%	(2 711) +5%	(2 114) +22%	(1 444) +32%	(1 000) +31%	(929) +7%	(1 060) -14%	(1 066) -1%	(1 165) -9%	(1 231) -6%	(1 240) -1%	(1 304) -5%	(1 273) +2%	(1 226) +4%	(1 253) -2%	(1 326) -6%	(1 468) -11%	(1 550) -6%	(1 773) -14%	(1 847) -4%	(1 885) -2%	(2 082) -10%	(2 112) -1%	(2 176) -3%	(2 222) -2%	(2 157) +3%	(2 122) +2%	(2 025) +5%	(1 866) +8%	(1 735) +7%	(1 722) +1%	(1 736) -1%	(1 962) -13%	(2 807) -43%	(2 971) -6%	(2 962) +0%	(2 947) +1%	(2 248) +24%	(2 023) +10%	(2 114) -5%	(2 196) -4%	(2 333) -6%	(2 647) -13%	(2 889) -9%	(3 034) -5%	(3 213) -6%	(3 301) -3%	(3 233) +2%	(3 137) +3%	(3 117) +1%	(3 055) +2%	(3 017) +1%	(3 022) 0%	(3 623) -20%	(3 579) +1%	(3 635) -2%	(3 690) -2%	(3 261) +12%	(3 315) -2%	(3 292) +1%	(3 294) 0%	(3 296) 0%	(3 420) -4%	(3 687) -8%	(3 763) -2%	(3 986) -6%	(3 966) +1%	(3 829) +3%	(4 409) -15%	(4 343) +1%	(5 097) -17%	(5 215) -2%	(4 235) +19%	(4 740) -12%	(4 169) +12%	(4 362) -5%	(4 784) -10%	(4 287) +10%	(4 204) +2%	(4 140) +2%	(4 543) -10%	(4 653) -2%	(4 985) -7%	(5 237) -5%	(5 624) -7%	(5 926) -5%	(6 198) -5%	(6 690) -8%	(6 831) -2%	(7 428) -9%	(7 863) -6%	(8 455) -8%	(9 723) -15%	(10 969) -13%
Financing Cash Flow
Net Issuance of Common Stock	149	129	116	70	(465)	(489)	(500)	3	(29)	(29)	(25)	(25)	8	11	9	9	10	9	10	16	19	20	18	11	8	6	353	353	353	353	6	20	21	22	22	457	457	457	458	(66)	(108)	(108)	(109)	(34)	167	231	232	232	135	181	181	181	119	8	8	7	5	3	(1)	(32)	(34)	(34)	(32)	(3)	0	0	203	229	0	0	483	458	0	0	6	727	0	0	735	366	0	517	509	322	328	246	249	270	272	296	1 296	1 117	1 231	2 159	1 159	3 349
Net Issuance of Debt	(1 200)	(1 457)	(1 579)	542	521	(500)	(1 089)	(46)	(187)	13	(49)	235	223	295	205	446	223	171	186	(79)	275	452	874	856	1 031	1 096	848	700	334	366	(144)	72	239	120	678	880	963	880	629	336	391	518	1 291	870	816	937	228	936	1 172	1 081	956	822	469	513	743	1 202	1 337	1 288	1 353	934	1 063	1 111	876	910	908	1 427	1 100	1 448	1 443	1 373	2 177	1 528	2 492	3 812	2 239	1 928	3 072	1 249	2 468	2 714	391	728	747	1 371	1 396	1 596	1 821	1 451	2 591	3 740	2 687	2 901	3 846	2 876	4 793	4 905
Cash Paid for Dividends	(521)	(531)	(551)	(496)	(441)	(377)	(303)	(303)	(303)	(304)	(312)	(320)	(329)	(336)	(340)	(343)	(347)	(351)	(355)	(359)	(363)	(367)	(373)	(379)	(387)	(395)	(401)	(382)	(384)	(386)	(388)	(415)	(419)	(423)	(428)	(432)	(442)	(451)	(461)	(475)	(478)	(482)	(486)	(487)	(492)	(499)	(506)	(514)	(522)	(538)	(550)	(561)	(573)	(585)	(596)	(607)	(625)	(644)	(662)	(681)	(691)	(701)	(711)	(721)	(724)	(725)	(727)	(730)	(742)	(758)	(773)	(791)	(808)	(825)	(842)	(856)	(875)	(895)	(916)	(935)	(952)	(972)	(991)	(1 012)	(1 031)	(1 051)	(1 072)	(1 092)	(1 113)	(1 131)	(1 149)	(1 175)	(1 201)	(1 225)	(1 258)	(1 282)
Other	0	0	0	1 465	1 441	1 453	1 455	(21)	4	(9)	(10)	(0)	(0)	(0)	(0)	(0)	0	0	0	0	(5)	(5)	(5)	(5)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(13)	0	0	(13)	(31)	(31)	(31)	(18)	(18)	(17)	(20)	(19)	(14)	(13)	(13)	(14)	(34)	(26)	(27)	(26)	(3)	(4)	(10)	(10)	(15)	(24)	(13)	(15)	(13)	(13)	(15)	(12)	(5)	(4)	(3)	(6)	(10)	(9)	(2)	9
Cash from Financing Activities	2 576 N/A	2 289 -11%	2 135 -7%	1 580 -26%	1 055 -33%	88 -92%	(437) N/A	(367) +16%	(515) -40%	(328) +36%	(396) -21%	(111) +72%	(97) +12%	(31) +68%	(126) -305%	111 N/A	(114) N/A	(171) -51%	(159) +7%	(422) -166%	(74) +83%	101 N/A	514 +407%	483 -6%	652 +35%	707 +8%	800 +13%	671 -16%	302 -55%	332 +10%	(527) N/A	(322) +39%	(159) +51%	(282) -78%	272 N/A	906 +233%	978 +8%	885 -9%	626 -29%	(206) N/A	(196) +5%	(72) +63%	696 N/A	350 -50%	491 +40%	670 +37%	(47) N/A	654 N/A	786 +20%	724 -8%	588 -19%	442 -25%	15 -97%	(65) N/A	155 N/A	602 +290%	704 +17%	647 -8%	690 +7%	209 -70%	320 +53%	345 +8%	102 -71%	168 +65%	167 -1%	686 +311%	556 -19%	928 +67%	916 -1%	831 -9%	1 874 +126%	1 181 -37%	2 108 +78%	3 419 +62%	1 376 -60%	1 773 +29%	2 921 +65%	1 077 -63%	2 277 +111%	2 135 -6%	(210) N/A	249 N/A	252 +1%	666 +164%	680 +2%	778 +14%	983 +26%	617 -37%	1 745 +183%	2 901 +66%	2 831 -2%	2 837 +0%	3 866 +36%	3 801 -2%	4 692 +23%	6 981 +49%
Change in Cash
Effect of Foreign Exchange Rates	9	12	6	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Change in Cash	(28) N/A	59 N/A	937 +1 482%	584 -38%	699 +20%	333 -52%	(218) N/A	92 N/A	(138) N/A	(266) -93%	(564) -112%	(537) +5%	(448) +17%	(56) +87%	104 N/A	49 -53%	14 -70%	112 +676%	(155) N/A	(35) +78%	(17) +52%	(120) -611%	328 N/A	14 -96%	111 +709%	29 -74%	23 -21%	202 +770%	129 -36%	313 +142%	(290) N/A	(144) +50%	(227) -57%	(316) -40%	123 N/A	(7) N/A	9 N/A	27 +201%	(29) N/A	(48) -63%	5 N/A	(38) N/A	553 N/A	22 -96%	13 -39%	(5) N/A	(645) -13 930%	25 N/A	19 -22%	41 +111%	36 -12%	(28) N/A	1 N/A	36 +5 043%	267 +641%	5 -98%	(32) N/A	(59) -87%	(51) +13%	(0) +99%	(27) -6 750%	(15) +44%	(185) -1 112%	(2) +99%	41 N/A	270 +552%	45 -83%	64 +43%	(22) N/A	21 N/A	651 +3 000%	101 -84%	150 +49%	1 281 +754%	21 -98%	(119) N/A	795 N/A	(1 096) N/A	(254) +77%	37 N/A	(949) N/A	(203) +79%	(514) -153%	(55) +89%	24 N/A	(60) N/A	477 N/A	18 -96%	387 +2 050%	1 323 +242%	951 -28%	50 -95%	622 +1 144%	(144) N/A	(493) -242%	95 N/A
Free Cash Flow
Free Cash Flow	1 338 N/A	2 346 +75%	3 004 +28%	808 -73%	1 248 +55%	1 680 +35%	1 783 +6%	441 -75%	454 +3%	105 -77%	(138) N/A	(472) -243%	(449) +5%	(118) +74%	180 N/A	(148) N/A	53 N/A	197 +271%	(105) N/A	310 N/A	41 -87%	(247) N/A	(245) +1%	(484) -98%	(533) -10%	(659) -24%	(693) -5%	(426) +39%	(153) +64%	(14) +91%	202 N/A	126 -37%	(137) N/A	(106) +23%	(226) -113%	(323) -43%	(275) +15%	(269) +2%	32 N/A	200 +521%	61 -69%	(39) N/A	(354) -803%	(565) -60%	(656) -16%	(850) -30%	(783) +8%	(811) -4%	(931) -15%	(825) +11%	(657) +20%	(552) +16%	(107) +81%	16 N/A	49 +213%	(658) N/A	(770) -17%	(689) +11%	(735) -7%	(203) +72%	(337) -66%	(385) -14%	(319) +17%	(193) +39%	(158) +18%	(477) -202%	(571) -20%	(835) -46%	(890) -7%	(724) +19%	(1 029) -42%	(962) +7%	(1 849) -92%	(2 028) -10%	(2 008) +1%	(2 521) -26%	(2 743) -9%	(2 578) +6%	(2 467) +4%	(2 055) +17%	(697) +66%	(629) +10%	(760) -21%	(706) +7%	(632) +10%	(798) -26%	(435) +45%	(527) -21%	(1 286) -144%	(1 511) -17%	(1 810) -20%	(2 723) -50%	(3 196) -17%	(3 901) -22%	(5 149) -32%	(6 825) -33%

Income Statement Balance Sheet Cash Flow Statement

Xcel Energy Inc
NASDAQ:XEL

Cash Flow Statement

Cash Flow Statement
Xcel Energy Inc

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Xcel Energy Inc NASDAQ:XEL

Cash Flow Statement

Cash Flow Statement Xcel Energy Inc

See Also

Company

Help

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Stocks

Xcel Energy Inc
NASDAQ:XEL

Cash Flow Statement
Xcel Energy Inc