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FirstEnergy Cash Flow Statement

Operating, investing, and financing cash movements

FirstEnergy generated $3.2B in operating cash flow over the trailing twelve months. After $5.0B in capital expenditures, free cash flow was -$1.7B. Free cash flow decreased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.2BNet Cash From Investing (TTM)-$5.3BNet Cash From Financing (TTM)$2.6BCapital Expenditures (TTM)$5.0BDepreciation And Amortization Cf (TTM)$1.3BNet Change In Cash (TTM)-$83.0M
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$27.0B
P/E Ratio24.23
ROE8.83%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$1.3B$1B$1.2B$1.3B$1.2B$1.3B
Payment for (Proceeds from) Other Investing Activity—$1M$17M-$52M—-$3M
Payments for Removal Costs$93M$84M$83M$123M$86M$117M
Sale of investments$17M$27M$3M$59M$13M$20M
Net cash from investing activities-$1.4B-$1.1B-$1.3B-$1.4B-$1.3B-$1.4B
Proceeds from maturities/sales of investments$17M$27M$3M$59M$13M$20M
Purchases of investments$20M$30M$6M$63M$15M$23M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$37M$25M$253M—$131M$19M
Change in accrued liabilities—-$7M$20M-$13M—-$91M
Change in income taxes payable/receivable—-$157M$119M-$97M$240M-$187M
Change in inventories$13M$18M$28M——$5M
Change in other assets—$108M$21M——$152M
Change in other liabilities-$73M-$16M-$34M$14M$40M-$14M
Other working capital changes—-$19M-$11M-$61M—$4M
Change in receivables$52M$55M——$154M-$53M
Deferred income taxes$92M$97M$59M$66M$0$139M
Net cash from operating activities$1B$637M$1.1B$845M$1.1B$148M
Net income$296M$414M$318M$532M$7M$466M
Depreciation and amortization$249M$408M$348M$514M$337M$117M
Increase (Decrease) in Accounts and Other Receivables$52M$55M——$154M-$53M
Accounts payable$37M$25M$253M—$131M$19M
Cash collateral, net$0$37M——$1M$14M
Accrued compensation and employee benefits—-$7M$20M-$13M—-$91M
Increase Decrease In Interest Payable Net-$2M$11M$23M$0$75M-$74M
Ohio settlement customer restitution and refunds (Note 8.)$0$0———-$163M
Current liabilities-$73M-$16M-$34M$14M$40M-$14M
Increase (Decrease) in Prepaid Expense and Other Assets—$108M$21M——$152M
Impairment of assets and other charges$35.5M$88M$88M$88M$88M—
Employee benefit plan funding and related payments$15M$12M$12M$14M$11M$11M
Transmission Revenue Collection, Net-$73M-$40M-$63M-$38M-$56M-$38M
Pension and postretirement benefit expense$7M-$3M$3M$12M-$12M-$5M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$900M$0$4.1B$1.8B$0$850M
Repayments of debt$1.1B$324M$1.8B$24M$950M$325M
Dividends paid$245M$245M$257M$257M$257M$257M
Other, net-$11M-$27M-$87M-$22M-$9M-$18M
Proceeds from issuance of commercial paper and other short-term borrowings$0$1.1B-$1.1B$0$0$980M
Net cash from financing activities$34M$465M$690M$1.4B—$1.2B
Other financing activities-$11M-$27M-$87M-$22M-$9M-$18M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow-$250M-$368M-$136M-$471M-$30M-$1.1B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$40.3M$18.3M$18.3M$18.3M$18.3M—
Interest paid$265.5M$249.8M$249.8M$249.8M$249.8M—
Income Taxes Paid, Net$40.3M$18.3M$18.3M$18.3M$18.3M—
Pension And Other Postretirement Benefit Expense-$25M-$3M$3M$12M$2M-$5M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash-$311M$9M$451M$817M-$1.3B-$19M
Accrued payables for capital expenditures$19M$285M$40M$0$45M$412M
Payments Of Distributions To Affiliates$35M$24M$25M$25M$26M$25M
Transfer To Investments$0$130M———$0