FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

XEL
2026-06-30 · figures in $M

FCF DOWN

Free cash flow moved from -$2.7B to -$6.8B — the lowest of its last 8 readings.

CASH FROM OPS -12.0%
4,083 27.8% MGN
CAPITAL EXPENDITURE +48.1%
10,908
FREE CASH FLOW —
-6,825
FCF / NET INCOME —
-3.38× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
1,261 1,372 1,473 1,597 1,736 1,771 1,936 2,018 +4.2% 2,233 2024-09-30 · $682.0M2024-12-31 · $464.0M2025-03-31 · $483.0M2025-06-30 · $444.0M2025-09-30 · $524.0M2025-12-31 · $567.0M2026-03-31 · $556.0M2026-06-30 · $586.0M
Depreciation & amortization
1,659 1,785 1,959 2,143 2,436 2,471 2,769 2,968 +7.2% 2,931
Stock-based comp
45 58 73 31 20 25 33 46 +39.4% 48
Cash from operations
3,122 3,263 2,848 2,189 3,932 5,327 4,641 4,083 -12.0% 4,771 2024-09-30 · $1.7B2024-12-31 · $664.0M2025-03-31 · $1.0B2025-06-30 · $1.1B2025-09-30 · $1.8B2025-12-31 · $209.0M2026-03-31 · $1.7B2026-06-30 · $1.1B
Cash conversion
2.48× 2.38× 1.93× 1.37× 2.26× 3.01× 2.40× 2.02× -15.6% 2.14×
Capital expenditures
(3,957) (4,225) (5,369) (4,244) (4,638) (5,854) (7,364) (10,908) +48.1% (12,463)
Free cash flow
-835 -962 -2,521 -2,055 -706 -527 -2,723 -6,825 — -7,692 2024-09-30 · -$42.0M2024-12-31 · -$1.6B2025-03-31 · -$960.0M2025-06-30 · -$1.3B2025-09-30 · -$1.3B2025-12-31 · -$3.2B2026-03-31 · -$1.3B2026-06-30 · -$1.8B
FCF margin
-7.2% -8.3% -21.9% -15.3% -4.6% -3.7% -20.3% -46.5% — -52.6%
Cash from investing
-3,986 -4,343 -4,740 -4,287 -4,653 -5,926 -7,428 -10,969 — -12,498
Dividends paid
730 791 856 935 1,012 1,092 1,175 1,282 +9.1% 1,365
Share repurchases
NOT DISCLOSED
1 — — — — — — — — —
Debt repayment
452 949 1,001 417 601 1,151 656 1,713 +161.1% —
Cash from financing
928 1,181 1,773 2,135 666 617 2,837 6,981 +146.1% 8,283
Net change in cash
64 101 -119 37 -55 18 50 95 +90.0% 556
Ending cash balance
147 248 129 166 111 129 179 274 +53.1% 2,010

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-2,723 CASH FROM OPERATIONS-558 CAPITAL EXPENDITURES-3,544 TO-6,825
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-30 ↗