EXPAND ENERGY Corp
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
EXE$87.94+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| ($ in millions) | 2024 | 2023 | 2022 |
| Cash flows from operating activities: | |||
| Net income (loss) | $(714) | $2,419 | $4,936 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation, depletion and amortization | 1,729 | 1,527 | 1,753 |
| Deferred income tax expense (benefit) | (123) | 428 | (1,332) |
| Derivative (gains) losses, net | 38 | (1,728) | 2,680 |
| Cash receipts (payments) on derivative settlements, net | 947 | 354 | (3,561) |
| Share-based compensation | 38 | 33 | 22 |
| Gains on sales of assets | (14) | (946) | (300) |
| Contract amortization | (57) | — | — |
| Losses on purchases, exchanges or extinguishments of debt | 1 | — | 5 |
| Other | 35 | 18 | 45 |
| Changes in assets and liabilities | (315) | 275 | (123) |
| Net cash provided by operating activities | 1,565 | 2,380 | 4,125 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,557) | (1,829) | (1,823) |
| Receipts of deferred consideration | 166 | — | — |
| Business combination, net | (459) | — | (1,967) |
| Contributions to investments | (75) | (231) | (18) |
| Proceeds from divestitures of property and equipment | 21 | 2,533 | 407 |
| Net cash provided by (used in) investing activities | (1,904) | 473 | (3,401) |
| Cash flows from financing activities: | |||
| Proceeds from Credit Facility | 20 | 1,125 | 1,600 |
| Payments on Credit Facility | (20) | (2,175) | (550) |
| Proceeds from Exit Credit Facility | — | — | 9,583 |
| Payments on Exit Credit Facility | — | — | (9,804) |
| Proceeds from issuance of senior notes, net | 747 | — | — |
| Proceeds from warrant exercise | 3 | — | 27 |
| Debt issuance and other financing costs | (11) | — | (17) |
| 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) |
| Other | (3) | — | — |
| Net cash used in financing activities | (419) | (1,892) | (1,446) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (758) | 961 | (722) |
| Cash, cash equivalents and restricted cash, beginning of period | 1,153 | 192 | 914 |
| Cash, cash equivalents and restricted cash, end of period | $395 | $1,153 | $192 |
| Cash and cash equivalents | $317 | $1,079 | $130 |
| Restricted cash | 78 | 74 | 62 |
| Total cash, cash equivalents and restricted cash | $395 | $1,153 | $192 |
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