For the quarter ending 2025-09-30, NRG had $442M increase in cash & cash equivalents over the period. $230M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 152 | -104 | 750 | 643 |
| Depreciation of property, plant and equipment and amortization of customer relationships and other intangible assets | 223 | 226 | 218 | 257 |
| Amortization of capitalized contract costs | 137 | 118 | 108 | 101 |
| Accretion of asset retirement obligations | - | - | - | 5 |
| Net (gain) on/accretion of asset retirement obligations | - | - | 10 | - |
| Accretion of asset retirement obligations | 2 | 20 | - | - |
| Provision for credit losses | 88 | 57 | 56 | 86 |
| Amortization of nuclear fuel | - | - | - | 0 |
| Amortization of financing costs and debt discounts | 11 | 7 | 6 | 7 |
| Loss/(gain) on debt extinguishment | - | - | - | -382 |
| Loss on debt extinguishment | 0 | -10 | 260 | - |
| Amortization of in-the-money contracts and emissions allowances | 24 | 7 | 44 | 22 |
| Amortization of unearned equity compensation | 21 | 33 | 29 | 20 |
| Net loss/(gain) on sale of assets and disposal of assets | 3 | -2 | -8 | - |
| Net gain on sale of assets and disposal of assets | - | - | - | -5 |
| Gain on proceeds from insurance recoveries for property, plant and equipment, net | 0 | 0 | 100 | - |
| Impairment losses | 0 | 0 | - | 28 |
| Changes in derivative instruments | -429 | -338 | 320 | 605 |
| Changes in current and deferred income taxes and liability for uncertain tax benefits | 83 | -17 | 143 | 31 |
| Changes in collateral deposits in support of risk management activities | -121 | -426 | 623 | 325 |
| Changes in nuclear decommissioning trust liability | - | - | - | 0 |
| Uplift securitization proceeds received from ercot | - | - | - | 0 |
| Accounts receivable - trade | - | - | - | 366 |
| Inventory | - | - | - | -111 |
| Prepayments and other current assets | - | - | - | 539 |
| Accounts payable | - | - | - | 170 |
| Accrued expenses and other current liabilities | - | - | - | 136 |
| Equity in and distributions from earnings of unconsolidated affiliates | 1 | 0 | 1 | 7 |
| Changes in other working capital | 561 | -170 | 699 | -400 |
| Cash provided by operating activities | 484 | 451 | 855 | 952 |
| Payments for acquisitions of businesses and assets | 5 | 586 | - | - |
| Payments for acquisitions of businesses and assets, net of cash acquired | - | - | - | 38 |
| Payments for acquisitions of assets | - | - | 20 | - |
| Capital expenditures | 254 | 378 | 217 | 186 |
| Proceeds from sale of assets, net of cash disposed | - | - | - | 501 |
| Net purchases of emissions allowances | -1 | 4 | 3 | 2 |
| Proceeds from insurance recoveries for property, plant and equipment, net | - | - | - | 3 |
| Investments in nuclear decommissioning trust fund securities | - | - | - | 0 |
| Proceeds from sales of assets | 0 | 0 | -489 | - |
| Proceeds from sales of nuclear decommissioning trust fund securities | - | - | - | 0 |
| Proceeds from insurance recoveries for property, plant and equipment, net | 0 | 0 | 97 | - |
| Cash (used)/provided by investing activities | -258 | -948 | -134 | -187 |
| Payments of dividends to preferred and common stockholders | 119 | 86 | -201 | - |
| Proceeds from issuance of preferred stock, net of fees | - | - | - | 0 |
| Equivalent shares purchased in lieu of tax withholdings | 9 | 37 | 40 | 5 |
| Payments for share repurchase activity and excise tax | 355 | 289 | 314 | 619 |
| Payment for settlement of capped call options | 292 | - | - | - |
| Net receipts/(payments) from settlement of acquired derivatives that include financing elements | -13 | -13 | -25 | 1 |
| Payments of dividends to preferred and common stockholders | - | - | - | 405 |
| Proceeds from issuance of long-term debt | 1,375 | -875 | - | 3,200 |
| Payments of deferred financing costs | 24 | 28 | 3 | 32 |
| Repayments of long-term debt and finance leases | 239 | 5 | 5 | 2,295 |
| Payments for debt extinguishment costs | 0 | 0 | 0 | 4 |
| Proceeds from credit facilities | 710 | 865 | 0 | 0 |
| Repayments to credit facilities | 845 | 730 | 0 | 0 |
| Cash used by financing activities | 215 | -297 | -458 | -714 |
| Effect of exchange rate changes on cash and cash equivalents | 1 | -1 | 2 | -4 |
| Net (decrease)/increase in cash and cash equivalents, funds deposited by counterparties and restricted cash | 442 | -795 | 265 | 47 |
| Cash and cash equivalents at beginning of period | 643 | 1,438 | 1,173 | 1,126 |
| Cash and cash equivalents at end of period | 1,085 | 643 | 1,438 | 1,173 |
NRG ENERGY, INC. (NRG)
NRG ENERGY, INC. (NRG)