FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

SRE
2026-06-30 · figures in $M

FCF UP

Free cash flow moved from -$5.8B to -$5.2B.

CASH FROM OPS +10.7%
5,416 44.2% MGN
CAPITAL EXPENDITURE -0.7%
10,659
FREE CASH FLOW —
-5,243
FCF / NET INCOME —
-2.30× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
2,934 2,862 2,967 2,715 2,161 1,837 1,957 2,281 +16.6% -16.0% 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
10-Q
2,387 2,437 2,483 2,533 2,581 2,563 2,544 2,503 -1.6% -1.2% 2,503
Stock-based comp
90 86 63 56 48 64 91 97 +6.6% +73.2% 97
Cash from operations
4,631 4,907 4,538 4,653 4,741 4,565 4,892 5,416 +10.7% +16.4% 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
1.58× 1.71× 1.53× 1.71× 2.19× 2.49× 2.50× 2.37× -5.0% +38.5% 2.37×
Capital expenditures
(8,088) (8,215) (8,618) (9,025) (9,651) (10,612) (10,737) (10,659) -0.7% +18.1% (10,659)
Free cash flow
-3,457 -3,308 -4,080 -4,372 -4,910 -6,047 -5,845 -5,243 — — -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
-26.8% -25.1% -30.8% -33.9% -38.1% -48.7% -48.0% -42.8% — — -42.8%
Cash from investing
-8,708 -9,118 -9,796 -10,513 -11,427 -12,537 -13,063 -13,138 — — -13,138
Dividends paid
1,495 1,499 1,517 1,545 1,573 1,603 1,632 1,642 +0.6% +6.3% 1,642
Share repurchases
41 43 60 61 60 58 21 21 +0.0% -65.6% 21
Debt repayment
2,492 3,339 3,487 5,553 5,265 5,220 4,899 6,353 +29.7% +14.4% 6,353
Cash from financing
3,287 5,424 6,200 5,697 9,019 9,930 10,366 10,233 -1.3% +79.6% 10,233
Net change in cash
-801 1,200 928 -167 2,335 1,963 2,197 2,516 +14.5% — 2,516
Ending cash balance
560 1,565 1,739 155 5 29 794 48 -94.0% -69.0% 48

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SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM-5,845 CASH FROM OPERATIONS+524 CAPITAL EXPENDITURES+78 TO-5,243
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-06 ↗