Income StatementBalance SheetCash FlowSegments
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Xcel Energy Cash Flow Statement

Operating, investing, and financing cash movements

Xcel Energy generated $4.8B in operating cash flow over the trailing twelve months. After $11.9B in capital expenditures, free cash flow was -$7.2B. Free cash flow decreased 1.2% year-over-year. Based on the Q3 2019 filing.

Net Cash From Operating (TTM)$4.8BNet Cash From Investing (TTM)-$12.0BNet Cash From Financing (TTM)$7.9BCapital Expenditures (TTM)$11.9BDepreciation And Amortization Cf (TTM)$3.0BNet Change In Cash (TTM)$477.0M
Latest FilingQ3 2019
Report Date2019-10-25
Market Cap$49.9B
P/E Ratio23.85
ROE9.59%

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$223.0M$891.0M$190.0M$169.0M$0.0$1.3B
Interest paid$338.0M$252.0M$331.0M$249.0M$430.0M$283.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$2.2B$2.0B$2.4B$3.1B$3.4B$3.0B
Allowance for Funds Used During Construction, Investing Activities$49.0M$48.0M$69.0M$79.0M$85.0M$92.0M
Payment for (Proceeds from) Other Investing Activity$4.0M$2.0M$12.0M$5.0M$39.0M-$3.0M
Proceeds from other investments$295.0M$240.0M$330.0M$281.0M$346.0M$763.0M
Net cash from investing activities-$2.2B-$2.0B-$2.4B-$3.1B-$3.5B-$3.0B
Purchases of investments$305.0M$241.0M$330.0M$283.0M$346.0M$763.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$79.0M-$105.0M-$49.0M$69.0M—-$191.0M
Change in inventories$69.0M$4.0M$93.0M$105.0M$98.0M-$2.0M
Other working capital changes-$154.0M-$28.0M-$26.0M-$5.0M-$101.0M-$24.0M
Deferred income taxes—$13.0M$269.0M$113.0M$19.0M-$5.0M
Depreciation and amortization$714.0M$734.0M$727.0M$755.0M$752.0M$767.0M
Net cash from operating activities$664.0M$1.0B$1.1B$1.8B$209.0M$1.7B
Net income$464.0M$483.0M$444.0M$524.0M$567.0M$556.0M
Distributions of earnings from equity method investees$8.0M$8.0M$8.0M$0.0$16.0M$7.0M
Equity in earnings (losses) of equity method investees$0.0-$1.0M-$8.0M$6.0M$20.0M$13.0M
Increase (Decrease) in Accounts and Other Receivables—$58.0M-$143.0M$117.0M$97.0M$30.0M
Increase (Decrease) in Accrued Unbilled Revenues-$5.3M$12.0M$12.0M$12.0M$12.0M—
Accrued compensation and employee benefits$0.0-$124.0M$9.0M$13.0M$0.0-$77.0M
Increase (Decrease) in Other Current Assets$152.0M$18.0M-$107.0M-$53.0M$264.0M-$415.0M
Current liabilities-$79.0M$29.0M-$319.0M$492.0M-$376.0M$110.0M
Increase Decrease In Regulatory Assets And Liabilities-$154.0M-$25.0M$75.0M$63.0M$76.0M-$87.0M
Increase (Decrease) in Accrued Unbilled Revenues—-$63.0M$53.0M-$56.0M—-$134.0M
Nuclear Fuel Amortization$21.0M$29.0M$26.0M$32.0M$27.0M$27.0M
Provision for bad debts—$19.0M$12.0M$16.0M—$13.0M
Accounts Receivable, Credit Loss Expense (Reversal)$11.8M$15.3M$15.3M$15.3M$15.3M—
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity$49.0M$48.0M$69.0M$79.0M$85.0M$92.0M
Stock-based compensation$6.0M$9.0M$12.0M$17.0M$8.0M$11.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$4.0M$2.1B$1.8B$990.0M$880.0M$3.3B
Dividends paid$304.0M$306.0M$319.0M$329.0M$328.0M$347.0M
Other, net-$1.0M-$10.0M$2.0M$7.0M$10.0M-$35.0M
Proceeds from (Repayments of) Short-Term Debt—$24.0M$101.0M$510.0M$220.0M-$70.0M
Net cash from financing activities$201.0M$1.9B$1.7B$895.0M$2.5B$2.8B
Proceeds from issuance of common stock$8.0M$122.0M$1.0B$8.0M$2.2B$1.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow-$1.6B-$960.0M-$1.3B-$1.3B-$3.2B-$1.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—$944.0M$331.0M-$402.0M—$1.5B
Issuance of common stock for the acquisition of Ansys$15.0M$18.0M$21.0M$24.0M$17.0M$18.0M