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NRG Energy cash flow statement

In fiscal 2025, NRG Energy's operations generated $1.91bn of cash; it spent $1.15bn on capital projects, leaving free cash flow of $766m. It returned $411m in dividends and $1.31bn through buybacks.

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 2025LTMJun 2026
Cash from operations2,1061,6231,1661,1491,2701,5101,3491,9081,6101,3771,4131,837493360−2212,3061,9131,555
Depreciation and amortisation8188388969501,2561,5231,3517565964213734357857201,2951,4031,4061,662
Stock-based pay2630284138423910352520222128101102134117
Capital spending7347062,3103,3961,9879091,0295442543882282302693675984721,1471,207
Free cash flow1,372917−1,144−2,247−7176013201,3641,3569891,1851,607224−7−8191,834766348
Free cash flow after stock pay1,346887−1,172−2,288−7555592811,3541,3219641,1651,585203−35−9201,732632231
Dividends paid—————19620176383732295319332381405411439
Share buybacks50018043002539437001,2501,440229486001,1509351,3111,639
Shares issued2220162111−22131100———

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 NRG Energy's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to NRG Energy.