FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Q

Three-Statement Breakdown

XEL
2026-06-30 · figures in $M

FCF DOWN

Free cash flow moved from -$1.3B to -$1.8B.

CASH FROM OPS -35.2%
1,100 35.3% MGN
CAPITAL EXPENDITURE -2.4%
2,948
FREE CASH FLOW —
-1,848
FCF / NET INCOME —
-3.15× TARGET >1.0×
Cash flow 24-09 24-12 25-03 25-06 25-09 25-12 26-03 QoQ YoY TTM 8Q
Net income
10-Q
682 464 483 444 524 567 556 586 +5.4% +32.0% 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
685 714 734 727 755 752 767 657 -14.3% -9.6% 2,931
Stock-based comp
10 6 9 12 17 8 11 12 +9.1% +0.0% 48
Cash from operations
1,737 664 1,028 1,081 1,765 209 1,697 1,100 -35.2% +1.8% 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
2.55× 1.43× 2.13× 2.43× 3.37× 0.37× 3.05× 1.88× -38.5% -22.9% 2.14×
Capital expenditures
(1,779) (2,217) (1,988) (2,427) (3,055) (3,438) (3,022) (2,948) -2.4% +21.5% (12,463)
Free cash flow
-42 -1,553 -960 -1,346 -1,290 -3,229 -1,325 -1,848 — — -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
-1.2% -49.8% -24.6% -40.9% -33.0% -90.7% -33.0% -59.2% — — -52.6%
Cash from investing
-1,794 -2,231 -1,991 -2,439 -3,062 -3,477 -3,019 -2,940 — — -12,498
Dividends paid
296 304 306 319 329 328 347 361 +4.0% +13.2% 1,365
Debt repayment
NOT DISCLOSED
0 106 — — 291 490 — — — — —
Cash from financing
4 201 1,907 1,689 895 2,490 2,808 2,090 -25.6% +23.7% 8,283
Net change in cash
-53 -1,366 944 331 -402 -778 1,486 250 -83.2% -24.5% 556
Ending cash balance
1,545 179 1,123 1,454 1,052 274 1,760 2,010 +14.2% +38.2% 2,010

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SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM-1,325 CASH FROM OPERATIONS-597 CAPITAL EXPENDITURES+74 TO-1,848
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-30 ↗