Operating

NRG Energy·Cash Flow Statement·26 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Change in accounts payable	$42.5M	$42.5M	$42.5M	-$196M	—	—	—	-$910M
Change in accounts receivable	$91.5M	$91.5M	$91.5M	$78M	—	—	—	-$809M
Accrued expenses and other current liabilities	$34M	$34M	$34M	-$185M	—	—	—	-$315M
Depreciation and amortization	$285M	$261M	$257M	$218M	$226M	$223M	$229M	$277M
Other working capital changes	$118M	$170M	—	$154M	$375M	$561M	—	$228M
Change in other assets	$134.8M	$134.8M	$134.8M	$179M	—	—	—	$196M
Increase (Decrease) in Prepaid Expense and Other Assets	$134.8M	$134.8M	$134.8M	$179M	—	—	—	$196M
Increase Decrease In Derivative Assets And Liabilities	$849M	-$1.7B	$605M	$320M	-$338M	-$429M	-$3M	-$190M
Net cash from operating activities	$1.1B	$31M	$952M	$855M	$451M	$484M	$123M	-$169M
Amortization of deferred commissions	$75M	$91M	$101M	$108M	$118M	$137M	$147M	$155M
Amortization of costs capitalized to obtain revenue contracts, net	$75M	$91M	$101M	$108M	$118M	$137M	$147M	$155M
Changes in collateral deposits in support of risk management activities	$371M	-$740M	$325M	$623M	—	—	—	-$142M
Net income	$738M	-$767M	$643M	$750M	-$104M	$152M	$66M	$125M
Accounts Receivable, Credit Loss Expense (Reversal)	$58M	$95M	$86M	$56M	$57M	$88M	$71M	$59M
Provision for credit losses	$58M	$95M	$86M	$56M	$57M	$88M	$71M	$59M
Change in income taxes payable/receivable	$251M	—	$31M	$143M	$0	$83M	$4M	-$56M
Stock-based compensation	$27M	$25M	$20M	$29M	$33M	$21M	$51M	$41M
Amortization of in-the-money contracts and emissions allowances	$0	$10M	$22M	$44M	$7M	$24M	$22M	$36M
Change in inventories	-$27.8M	-$27.8M	-$27.8M	-$92M	—	—	—	$29M
Asset Retirement Obligation, Accretion Expense, Net	—	—	—	-$10M	—	—	—	$7M
Amortization of debt issuance costs	$10M	$11M	$7M	$6M	$7M	$11M	$27M	$5M
Non-cash interest expense	$10M	$11M	$7M	$6M	$7M	$11M	$27M	$5M
Gain (Loss) On Sale And Disposition Of Assets	—	$205M	—	-$8M	-$2M	—	—	-$3M
Gain (loss) on sale of assets	$0	$0	$192M	$100M	—	—	-$125M	$0
Gain (Loss) On Proceeds From Insurance Recoveries for Property Plant And Equipment, Net	$0	$0	$0	$25M	$25M	$25M	$25M	—
Gain (Loss) on Disposition of Other Assets	$5M	$208M	$0	-$7M	$0	$0	-$18M	$0