← SM Energy Co
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $1.1b | $818.0m | $770.0m | $648.0m | |
| Net Income (Loss) Attributable to Parent | ($757.7m) | ($160.8m) | $508.4m | ($187.0m) | ($764.6m) | $36.2m | $1.1b | $817.9m | $770.3m | $648.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($757.7m) | — | — | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | $9.9m | $16.3m | $15.3m | $15.5m | $17.7m | $17.3m | $10.3m | $5.5m | $7.5m | $10.0m | |
| Results of Operations, Depreciation, Depletion, Amortization and Accretion | $790.7m | $557.0m | $665.3m | $823.8m | $785.0m | $774.4m | $603.8m | $690.5m | $809.3m | $1.2b | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $603.8m | $690.0m | $809.0m | $1.2b | |
| Deferred Income Tax Expense (Benefit) | ($448.6m) | ($192.1m) | $141.7m | ($41.8m) | ($192.5m) | $9.6m | $269.1m | $88.3m | $175.0m | $178.0m | |
| Deferred Income Tax | — | — | — | — | — | — | $269.1m | $88.0m | $175.0m | $178.0m | |
| Deferred Tax | — | — | — | — | — | — | $269.1m | $88.0m | $175.0m | $178.0m | |
| Share-based Payment Arrangement, Noncash Expense | — | $22.7m | $23.9m | $24.3m | $15.0m | $18.8m | $18.8m | $20.2m | $25.0m | $29.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.4m | $1.2m | — | — | — | — | $25.1m | $7.9m | $6.8m | — | |
| Share-based Payment Arrangement, Expense | $26.9m | — | — | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $35.0m | $7.5m | $0 | — | — | |
| Gain (Loss) on Extinguishment of Debt | $15.7m | ($35k) | ($26.7m) | $0 | $280.1m | ($2.1m) | ($67.6m) | $0 | ($483k) | — | |
| Income Tax Expense (Benefit) | ($444.2m) | ($183.0m) | $143.4m | ($44.0m) | ($192.1m) | $9.9m | $283.8m | $96.3m | $195.9m | $182.0m | |
| Other Nonoperating Income (Expense) | $362k | $4.0m | $3.1m | ($2.0m) | ($3.9m) | ($464k) | $4.2m | ($928k) | ($233k) | $0 | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $10.6m | ($14.0m) | $20.8m | $39.6m | ($29.1m) | $101.0m | ($38.6m) | $10.2m | $85.5m | ($30.0m) | |
| Asset Retirement Obligation, Accretion Expense | $7.8m | $6.0m | $4.4m | $4.0m | $4.0m | $4.2m | $5.3m | $6.3m | $5.4m | $9.0m | |
| General and Administrative Expense | $126.4m | $120.6m | $116.5m | $132.8m | $99.2m | $111.9m | $114.6m | $121.1m | $138.3m | $161.0m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $1.6b | $1.6b | $1.1b | $2.6b | $3.3b | $2.4b | $2.7b | $3.1b | |
| Beginning Cash Position | — | — | — | — | — | — | $332.7m | $445.0m | $616.0m | $0 | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($693.9m) | ($305.0m) | $1.0b | ($175.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($880.3m) | ($1.1b) | ($3.4b) | ($1.5b) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($109.6m) | $8.0m | $109.0m | ($17.0m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($1.1m) | ($2.0m) | ($13.0m) | $1.0m | |
| Change In Receivables | — | — | — | — | — | — | $38.6m | ($10.0m) | ($86.0m) | $30.0m | |
| Change In Working Capital | — | — | — | — | — | — | ($72.1m) | ($4.0m) | $10.0m | $14.0m | |
| Changes In Account Receivables | — | — | — | — | — | — | $38.6m | ($10.0m) | ($86.0m) | $30.0m | |
| Changes In Cash | — | — | — | — | — | — | $112.3m | $171.0m | ($616.0m) | $368.0m | |
| Depletion | — | — | — | — | — | $774.4m | $603.8m | — | — | — | |
| End Cash Position | — | — | — | — | — | — | $445.0m | $616.0m | $0 | $368.0m | |
| Financing Cash Flow | — | — | — | — | — | — | ($693.9m) | ($305.0m) | $1.0b | ($175.0m) | |
| Free Cash Flow | — | — | — | — | — | — | $806.5m | $475.0m | ($1.6b) | $539.0m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $374.0m | ($68.0m) | ($50.0m) | ($178.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($880.3m) | ($1.1b) | ($3.4b) | ($1.5b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $3.0m | $3.0m | $3.0m | $3.0m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($7k) | ($110.0m) | ($2.1b) | ($34.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | $441.6m | ($68.0m) | ($50.0m) | ($178.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($686.7m) | $30.0m | $44.0m | $113.0m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | ($25.1m) | ($7.9m) | ($6.8m) | — | |
| Purchase Of PPE | — | — | — | — | — | — | ($7k) | ($110.0m) | ($2.1b) | ($34.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($57.2m) | ($228.0m) | ($86.0m) | ($13.0m) | |
| Stock Based Compensation | — | — | — | — | — | — | $18.8m | $20.0m | $25.0m | $29.0m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | $0 | ($3.0m) | $0 | $0 | ($2.5m) | ($312k) | $0 | $0 | ($124k) | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($250.6m) | ($26.4m) | $161.8m | ($97.5m) | $161.6m | ($901.7m) | ($374.0m) | $68.2m | $50.0m | $178.0m | |
| Other Operating Income (Expense), Net | — | ($13.7m) | ($18.3m) | ($19.9m) | ($24.8m) | ($46.1m) | ($3.5m) | ($20.6m) | ($15.8m) | ($22.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $552.8m | $515.4m | $720.6m | $823.6m | $790.9m | $1.2b | $1.7b | $1.6b | $1.8b | $2.0b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($879.9m) | ($1.1b) | ($3.4b) | ($1.5b) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($879.9m) | ($989.0m) | ($1.3b) | ($1.4b) | |
| Payments for (Proceeds from) Other Investing Activities | $3.0m | $0 | — | — | — | — | $329k | ($657k) | ($7.1m) | ($4.0m) | |
| Net Other Investing Changes | — | — | — | — | — | — | ($322k) | $657k | $8.0m | $4.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($1.9b) | ($201.5m) | ($587.9m) | ($1.0b) | ($555.6m) | ($667.2m) | ($880.3m) | ($1.1b) | ($3.4b) | ($1.5b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $2.5b | $1.6b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $2.5b | $1.6b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($584.9m) | $0 | $1.2b | ($68.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($584.9m) | $0 | $1.2b | ($68.0m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($584.9m) | $0 | ($1.3b) | ($1.6b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($584.9m) | $0 | ($1.3b) | ($1.6b) | |
| Proceeds from Issuance of Common Stock | $938.3m | $2.6m | $3.2m | $3.2m | $1.5m | $2.6m | $3.0m | $3.1m | $3.2m | $3.0m | |
| Common Stock Issuance | — | — | — | — | — | — | $3.0m | $3.0m | $3.0m | $3.0m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($54.2m) | ($225.0m) | ($83.0m) | ($10.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | $0 | $0 | $57.2m | $228.1m | $86.1m | $13.0m | |
| Payments of Ordinary Dividends, Common Stock | $7.8m | $11.1m | $11.2m | $11.3m | $2.3m | $2.4m | $19.6m | $71.6m | $85.0m | $92.0m | |
| Common Stock Payments | — | — | — | — | — | — | ($57.2m) | ($228.0m) | ($86.0m) | ($13.0m) | |
| Dividends Payable, Current | — | — | — | — | — | — | $18.3m | $20.8m | $22.9m | $23.0m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($19.6m) | ($72.0m) | ($85.0m) | ($92.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | ($2.4m) | ($19.6m) | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $0 | ($171k) | ($7.7m) | ($2.7m) | ($2.0m) | ($9.1m) | ($10.0m) | $0 | — | ($5.0m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($10.0m) | ($8.0m) | ($21.0m) | ($5.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $1.3b | ($12.3m) | ($368.7m) | $111.8m | ($235.4m) | ($159.8m) | ($693.9m) | ($304.5m) | $1.0b | ($175.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $12.4m | $301.6m | ($236.0m) | ($78.0m) | $0 | $332.7m | $112.3m | $171.2m | ($616.2m) | $368.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $112.3m | $171.0m | ($616.0m) | $368.0m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $129.8m | $164.1m | $150.7m | $141.9m | $140.5m | $136.6m | $134.2m | $86.9m | $88.4m | $166.0m | |
| Income Taxes Paid, Net | ($4.7m) | $6.0m | ($3.0m) | $6.1m | $6.7m | ($864k) | ($10.6m) | ($9.0m) | ($26.9m) | $4.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.