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Northwestern Energy Group, Inc. cash flow statement

In fiscal 2025, Northwestern Energy Group, Inc.'s operations generated $394m of cash; it spent $524m on capital projects, leaving free cash flow of −$130m. It returned $161m in dividends.

Cash flow statement

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

Fiscal year2021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations220307489407394416
Depreciation and amortisation187195210228250259
Stock-based pay555577
Capital spending434515567549524608
Free cash flow−214−208−78−143−130−192
Free cash flow after stock pay−220−213−83−147−137−199
Dividends paid128140154159161163
Shares issued1962777400—

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 Northwestern Energy Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Northwestern Energy Group, Inc.