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NiSource cash flow statement

In fiscal 2025, NiSource's operations generated $2.36bn of cash; it spent $2.78bn on capital projects, leaving free cash flow of −$420m. It returned $530m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1,6667258701,2761,4371,3201,4578037425401,5831,1041,2181,4091,9351,7822,3622,382
Depreciation and amortisation5905955365624704875245475706007177267488219081,0431,1681,304
Stock-based pay1031394549665147402926172425344451—
Capital spending7778011,1231,4991,2051,2831,3611,4751,6961,8181,8021,7581,8382,2032,6462,6142,7823,949
Free cash flow889−76−253−2232323796−672−954−1,278−219−654−620−794−711−833−420−1,567
Free cash flow after stock pay879−107−292−268183−2945−718−994−1,307−245−672−644−819−744−876−471—
Dividends paid253256258273306321263206229273299322345382414481530572
Share buybacks323108102097400——————
Shares issued111424384443023233378482442113001541361331263

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from NiSource's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to NiSource.