FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

SRE
2026-06-30 · figures in $M

FCF DOWN

Free cash flow moved from -$3.3B to -$6.0B — the lowest of its last 8 readings.

CASH FROM OPS -7.0%
4,565 33.3% MGN
CAPITAL EXPENDITURE +29.2%
10,612
FREE CASH FLOW —
-6,047
FCF / NET INCOME —
-3.29× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
1,126 2,362 4,105 1,318 2,139 3,075 2,862 1,837 -35.8% 2,281 2024-09-30 · $649.0M2024-12-31 · $676.0M2025-03-31 · $917.0M2025-06-30 · $473.0M2025-09-30 · $95.0M2025-12-31 · $352.0M2026-03-31 · $1.0B2026-06-30 · $797.0M
Depreciation & amortization
1,491 1,569 1,666 1,855 2,019 2,227 2,437 2,563 +5.2% 2,503
Stock-based comp
83 75 71 63 71 80 86 64 -25.6% 97
Cash from operations
3,516 3,088 2,591 3,842 1,142 6,218 4,907 4,565 -7.0% 5,416 2024-09-30 · $1.0B2024-12-31 · $1.4B2025-03-31 · $1.5B2025-06-30 · $784.0M2025-09-30 · $1.1B2025-12-31 · $1.2B2026-03-31 · $1.8B2026-06-30 · $1.3B
Cash conversion
3.12× 1.31× 0.63× 2.92× 0.53× 2.02× 1.71× 2.49× +44.9% 2.37×
Capital expenditures
(3,544) (3,708) (4,676) (5,015) (5,357) (8,397) (8,215) (10,612) +29.2% (10,659)
Free cash flow
-28 -620 -2,085 -1,173 -4,215 -2,179 -3,308 -6,047 — -5,243 2024-09-30 · -$913.0M2024-12-31 · -$1.1B2025-03-31 · -$854.0M2025-06-30 · -$1.5B2025-09-30 · -$1.5B2025-12-31 · -$2.2B2026-03-31 · -$652.0M2026-06-30 · -$918.0M
FCF margin
-0.3% -5.7% -18.3% -9.1% -29.2% -13.0% -25.1% -44.1% — -42.8%
Cash from investing
-12,470 -4,593 553 -5,508 -5,039 -8,716 -9,118 -12,537 — -13,138
Dividends paid
877 993 1,174 1,331 1,430 1,483 1,499 1,603 +6.9% 1,642
Share repurchases
21 26 566 339 478 32 43 58 +34.9% 21
Debt repayment
3,342 3,667 5,864 5,489 4,510 6,294 3,339 5,220 +56.3% 6,353
Cash from financing
8,850 1,475 -2,373 1,260 3,779 2,419 5,424 9,930 +83.1% 10,233
Net change in cash
-118 -29 768 -404 -119 -73 1,200 1,963 +63.6% 2,516
Ending cash balance
102 108 960 559 370 236 1,565 29 -98.1% 48

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM-3,308 CASH FROM OPERATIONS-342 CAPITAL EXPENDITURES-2,397 TO-6,047
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-06 ↗