Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Expand Energy Corp., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net income (loss)	(714)	2,419)	4,936)	6,328)
Depreciation, depletion and amortization	1,729)	1,527)	1,753)	991)
Deferred income tax expense (benefit)	(123)	428)	(1,332)	(106)
Derivative (gains) losses, net	38)	(1,728)	2,680)	1,509)
Cash receipts (payments) on derivative settlements, net	947)	354)	(3,561)	(1,159)
Share-based compensation	38)	33)	22)	12)
Gains on sales of assets	(14)	(946)	(300)	(17)
Impairments	—)	—)	—)	1)
Non-cash reorganization items, net	—)	—)	—)	(6,680)
Contract amortization	(57)	—)	—)	—)
Losses on purchases, exchanges or extinguishments of debt	1)	—)	5)	—)
Other	35)	18)	45)	95)
Accounts receivable	(168)	857)	(106)	—)
Accounts payable	(62)	(152)	49)	—)
Other current assets	3)	143)	(182)	—)
Other current liabilities	(88)	(573)	116)	—)
Changes in assets and liabilities (legacy)	—)	—)	—)	814)
Changes in assets and liabilities	(315)	275)	(123)	814)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	2,279)	(39)	(811)	(4,540)
Net cash provided by operating activities	1,565)	2,380)	4,125)	1,788)
Capital expenditures	(1,557)	(1,829)	(1,823)	(735)
Receipts of deferred consideration	166)	—)	—)	—)
Business combination, net	(459)	—)	(1,967)	(194)
Contributions to investments	(75)	(231)	(18)	—)
Proceeds from divestitures of property and equipment	21)	2,533)	407)	13)
Net cash (used in) provided by investing activities	(1,904)	473)	(3,401)	(916)
Proceeds from Credit Facility	20)	1,125)	1,600)	—)
Payments on Credit Facility	(20)	(2,175)	(550)	—)
Proceeds from Exit Credit Facility	—)	—)	9,583)	30)
Payments on Exit Credit Facility	—)	—)	(9,804)	(559)
Payments on DIP Facility borrowings	—)	—)	—)	(1,179)
Proceeds from issuance of senior notes, net	747)	—)	—)	1,000)
Proceeds from issuance of common stock	—)	—)	—)	600)
Proceeds from warrant exercise	3)	—)	27)	2)
Debt issuance and other financing costs	(11)	—)	(17)	(11)
Cash paid to repurchase and retire common stock	—)	(355)	(1,073)	—)
Cash paid to purchase debt	(767)	—)	—)	—)
Cash paid for common stock dividends	(388)	(487)	(1,212)	(119)
Other	(3)	—)	—)	(1)
Net cash used in financing activities	(419)	(1,892)	(1,446)	(237)
Net increase (decrease) in cash, cash equivalents and restricted cash	(758)	961)	(722)	635)
Cash, cash equivalents and restricted cash, beginning of period	1,153)	192)	914)	279)
Cash, cash equivalents and restricted cash, end of period	395)	1,153)	192)	914)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Expand Energy Corp. net cash provided by operating activities decreased from 2022 to 2023 and from 2023 to 2024.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Expand Energy Corp. net cash (used in) provided by investing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Expand Energy Corp. net cash used in financing activities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Expand Energy Corp. (NASDAQ:EXE)

Cash Flow Statement