Kinder Morgan, Inc. (KMI) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

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Kinder Morgan, Inc. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $2,720,000,000.00Depreciation, depletion and amortization → Operating adjustments reconciliation: $2,354,000,000.00Distributions of equity investment earnings → Operating adjustments reconciliation: $823,000,000.00Deferred income taxes → Operating adjustments reconciliation: $647,000,000.00Change in fair value of derivative contracts → Operating adjustments reconciliation: $72,000,000.00Accounts receivable → Operating adjustments reconciliation: $52,000,000.00Amortization of excess cost of equity investments → Operating adjustments reconciliation: $50,000,000.00Accrued interest, net of interest rate swaps → Operating adjustments reconciliation: $43,000,000.00Rate reparations, refunds and other litigation reserve adjustments → Operating adjustments reconciliation: $24,000,000.00Pension contributions net of noncash pension benefit expenses → Operating adjustments reconciliation: $9,000,000.00Accrued taxes → Operating adjustments reconciliation: $5,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $2,915,000,000.00Operating adjustments reconciliation → Earnings from equity investments: $890,000,000.00Operating adjustments reconciliation → Gain on divestitures, net: $74,000,000.00Operating adjustments reconciliation → Change in deferred revenues (Note 14): $58,000,000.00Operating adjustments reconciliation → Other current liabilities: $52,000,000.00Operating adjustments reconciliation → Other current assets: $46,000,000.00Operating adjustments reconciliation → Other, net: $27,000,000.00Operating adjustments reconciliation → Inventories: $12,000,000.00Operating adjustments reconciliation → Accounts payable: $5,000,000.00Distributions from equity investments in excess of cumulative earnings → investing reconciliation: $177,000,000.00Other, net → investing reconciliation: $6,000,000.00investing reconciliation → Capital expenditures: $2,629,000,000.00investing reconciliation → Contributions to investments: $121,000,000.00investing reconciliation → Acquisitions of assets and investments, net of cash acquired (Note 3): $62,000,000.00Net cash used in financing activities → financing reconciliation: $2,887,000,000.00Issuances of debt → financing reconciliation: $10,441,000,000.00financing reconciliation → Payments of debt: $10,557,000,000.00financing reconciliation → Dividends (Note 10): $2,557,000,000.00financing reconciliation → Distributions to noncontrolling interests: $154,000,000.00financing reconciliation → Debt issue costs: $33,000,000.00financing reconciliation → Other, net: $20,000,000.00financing reconciliation → Repurchases of shares (Note 10): $7,000,000.00Net cash used in investing activities → investing reconciliation: $2,629,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $96,000,000.00Net cash from operating activities → Cash sources and uses: $5,635,000,000.00Cash sources and uses → Exchange-rate effect: $1,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $214,000,000.00Cash sources and uses → Net cash used in investing activities: $2,629,000,000.00Cash sources and uses → Net cash used in financing activities: $2,887,000,000.00Net income: $2,720,000,000.00Net income+$2.72 BDepreciation, depletion and amortization: $2,354,000,000.00Depreciation & amortization+$2.35 BDeferred income taxes: $647,000,000.00Deferred income taxes+$647.00 MAmortization of excess cost of equity investments: $50,000,000.00Amortization of excess cost of equity investments+$50.00 MGain on divestitures, net: -$74,000,000.00Asset sales & impairments−$74.00 MEarnings from equity investments: -$890,000,000.00Equity-method results−$890.00 MDistributions of equity investment earnings: $823,000,000.00Equity-method distributions+$823.00 MPension contributions net of noncash pension benefit expenses: $9,000,000.00Pension contributions net of noncash pension benefitexpenses+$9.00 MAccounts receivable: $52,000,000.00Accounts receivable+$52.00 MInventories: -$12,000,000.00Inventories−$12.00 MOther current assets: -$46,000,000.00Other current assets−$46.00 MAccounts payable: -$5,000,000.00Accounts payable−$5.00 MAccrued interest, net of interest rate swaps: $43,000,000.00Accrued interest+$43.00 MAccrued taxes: $5,000,000.00Accrued taxes+$5.00 MOther current liabilities: -$52,000,000.00Other current liabilities−$52.00 MOther, net: -$27,000,000.00Other operating, net−$27.00 MRate reparations, refunds and other litigation reserve adjustments: $24,000,000.00Rate reparations, refunds and other litigation reserveadjustments+$24.00 MChange in fair value of derivative contracts: $72,000,000.00Derivative value change+$72.00 MChange in deferred revenues (Note 14): -$58,000,000.00Unearned revenue−$58.00 MNet cash from operating activities: $5,635,000,000.00Operating cash+$5.64 BOperating adjustments reconciliation: $4,079,000,000.00Dividends (Note 10): -$2,557,000,000.00Common dividends paid−$2.56 BRepurchases of shares (Note 10): -$7,000,000.00Common stock repurchases−$7.00 MPayments of debt: -$10,557,000,000.00Debt repaid−$10.56 BDistributions to noncontrolling interests: -$154,000,000.00Noncontrolling dividends−$154.00 MIssuances of debt: $10,441,000,000.00Debt issued+$10.44 BOther, net: -$20,000,000.00Other financing, net−$20.00 MDebt issue costs: -$33,000,000.00Debt issuance costs−$33.00 MContributions from noncontrolling interests: $0.00Proceeds from sale of noncontrolling interests (Note 3): $0.00Net cash used in financing activities: -$2,887,000,000.00. Cash required to fund net payments.Financing cash−$2.89 Bfinancing reconciliation: $13,328,000,000.00Contributions to investments: -$121,000,000.00Equity-method investments made−$121.00 MCapital expenditures: -$2,629,000,000.00PP&E purchases−$2.63 BDistributions from equity investments in excess of cumulative earnings: $177,000,000.00Equity-method return of capital+$177.00 MAcquisitions of assets and investments, net of cash acquired (Note 3): -$62,000,000.00Acquisitions of assets and investments, net of cashacquired (Note 3)−$62.00 MOther, net: $6,000,000.00Other investing, net+$6.00 MNet cash used in investing activities: -$2,629,000,000.00. Cash required to fund net payments.Investing cash−$2.63 Binvesting reconciliation: $2,812,000,000.00Cash sources and uses: $5,731,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $96,000,000.00Beginning cash$96.00 MEnding cash: Cash, cash equivalents, and restricted cash: $214,000,000.00Ending cash$214.00 MExchange-rate effect: -$1,000,000.00FX effect−$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$3.01 BOperating cash − cash spent on PP&ECash flow / Net income2.07×Operating cash flow ÷ net incomeNet cash change+$118.00 MEnding cash − beginning cash
Chart details

Kinder Morgan, Inc. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
96,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
5,635,000,000 US dollars. Net cash provided.
Net income
2,720,000,000 US dollars
Depreciation, depletion and amortization
2,354,000,000 US dollars
Deferred income taxes
647,000,000 US dollars
Amortization of excess cost of equity investments
50,000,000 US dollars
Gain on divestitures, net
negative 74,000,000 US dollars
Earnings from equity investments
negative 890,000,000 US dollars
Distributions of equity investment earnings
823,000,000 US dollars
Pension contributions net of noncash pension benefit expenses
9,000,000 US dollars
Accounts receivable
52,000,000 US dollars
Inventories
negative 12,000,000 US dollars
Other current assets
negative 46,000,000 US dollars
Accounts payable
negative 5,000,000 US dollars
Accrued interest, net of interest rate swaps
43,000,000 US dollars
Accrued taxes
5,000,000 US dollars
Other current liabilities
negative 52,000,000 US dollars
Other, net
negative 27,000,000 US dollars
Rate reparations, refunds and other litigation reserve adjustments
24,000,000 US dollars
Change in fair value of derivative contracts
72,000,000 US dollars
Change in deferred revenues (Note 14)
negative 58,000,000 US dollars
Investing activities
negative 2,629,000,000 US dollars. Net cash used.
Contributions to investments
negative 121,000,000 US dollars
Capital expenditures
negative 2,629,000,000 US dollars
Distributions from equity investments in excess of cumulative earnings
177,000,000 US dollars
Acquisitions of assets and investments, net of cash acquired (Note 3)
negative 62,000,000 US dollars
Other, net
6,000,000 US dollars
Financing activities
negative 2,887,000,000 US dollars. Net cash used.
Dividends (Note 10)
negative 2,557,000,000 US dollars
Repurchases of shares (Note 10)
negative 7,000,000 US dollars
Payments of debt
negative 10,557,000,000 US dollars
Distributions to noncontrolling interests
negative 154,000,000 US dollars
Issuances of debt
10,441,000,000 US dollars
Other, net
negative 20,000,000 US dollars
Debt issue costs
negative 33,000,000 US dollars
Contributions from noncontrolling interests
0 US dollars
Proceeds from sale of noncontrolling interests (Note 3)
0 US dollars
Operating adjustment reconciliation
4,079,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
13,328,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
2,812,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 1,000,000 US dollars
Ending cash on Dec 31, 2024
214,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
5,731,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
118,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.07×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
5,635,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
2,629,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
3,006,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $2.92B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 5,635,000,000 US dollars minus 2,629,000,000 US dollars equals 3,006,000,000 US dollars.
Kinder Morgan, Inc. (KMI) FY2024 Annual Statement of Cash Flows Sankey chart
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