KINDER MORGAN, INC. (KMI) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-03-31

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KINDER MORGAN, INC. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025One 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. 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: $743,000,000.00Depreciation, depletion and amortization → Operating adjustments reconciliation: $610,000,000.00Distributions of equity investment earnings → Operating adjustments reconciliation: $185,000,000.00Deferred income taxes → Operating adjustments reconciliation: $167,000,000.00Change in fair value of derivative contracts → Operating adjustments reconciliation: $82,000,000.00Accounts receivable → Operating adjustments reconciliation: $45,000,000.00Other current assets → Operating adjustments reconciliation: $24,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $419,000,000.00Operating adjustments reconciliation → Earnings from equity investments: $220,000,000.00Operating adjustments reconciliation → Accrued interest, net of interest rate swaps: $206,000,000.00Operating adjustments reconciliation → Other, net: $94,000,000.00Operating adjustments reconciliation → Accrued taxes: $70,000,000.00Operating adjustments reconciliation → Accounts payable: $57,000,000.00Operating adjustments reconciliation → Other current liabilities: $24,000,000.00Operating adjustments reconciliation → Inventories: $22,000,000.00Operating adjustments reconciliation → Gain on divestitures, net: $1,000,000.00Issuances of debt → financing reconciliation: $2,876,000,000.00financing reconciliation → Net cash from financing activities: $333,000,000.00financing reconciliation → Payments of debt: $1,847,000,000.00financing reconciliation → Dividends: $642,000,000.00financing reconciliation → Distributions to noncontrolling interests: $41,000,000.00financing reconciliation → Other, net: $10,000,000.00financing reconciliation → Debt issue costs: $3,000,000.00Net cash used in investing activities → investing reconciliation: $1,414,000,000.00Distributions from equity investments in excess of cumulative earnings → investing reconciliation: $45,000,000.00investing reconciliation → Capital expenditures: $766,000,000.00investing reconciliation → Acquisition of assets (Note 2): $648,000,000.00investing reconciliation → Contributions to investments: $42,000,000.00investing reconciliation → Other, net: $3,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $214,000,000.00Net cash from operating activities → Cash sources and uses: $1,162,000,000.00Net cash from financing activities → Cash sources and uses: $333,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $295,000,000.00Cash sources and uses → Net cash used in investing activities: $1,414,000,000.00Net income: $743,000,000.00Net income+$743.00 MDepreciation, depletion and amortization: $610,000,000.00Depreciation & amortization+$610.00 MDeferred income taxes: $167,000,000.00Deferred income taxes+$167.00 MGain on divestitures, net: -$1,000,000.00Asset sales & impairments−$1.00 MEarnings from equity investments: -$220,000,000.00Equity-method results−$220.00 MDistributions of equity investment earnings: $185,000,000.00Equity-method distributions+$185.00 MAccounts receivable: $45,000,000.00Accounts receivable+$45.00 MInventories: -$22,000,000.00Inventories−$22.00 MOther current assets: $24,000,000.00Other current assets+$24.00 MAccounts payable: -$57,000,000.00Accounts payable−$57.00 MAccrued interest, net of interest rate swaps: -$206,000,000.00Accrued interest−$206.00 MAccrued taxes: -$70,000,000.00Accrued taxes−$70.00 MOther current liabilities: -$24,000,000.00Other accrued liabilities−$24.00 MOther, net: -$94,000,000.00Other operating, net−$94.00 MChange in fair value of derivative contracts: $82,000,000.00Derivative value change+$82.00 MNet cash from operating activities: $1,162,000,000.00Operating cash+$1.16 BOperating adjustments reconciliation: $1,113,000,000.00Issuances of debt: $2,876,000,000.00Debt issued+$2.88 BPayments of debt: -$1,847,000,000.00Debt repaid−$1.85 BDebt issue costs: -$3,000,000.00Debt issuance costs−$3.00 MDividends: -$642,000,000.00Common dividends paid−$642.00 MRepurchases of shares: $0.00Distributions to noncontrolling interests: -$41,000,000.00Noncontrolling dividends−$41.00 MOther, net: -$10,000,000.00Other financing, net−$10.00 MNet cash from financing activities: $333,000,000.00Financing cash+$333.00 Mfinancing reconciliation: $2,876,000,000.00Capital expenditures: -$766,000,000.00PP&E purchases−$766.00 MContributions to investments: -$42,000,000.00Equity-method investments made−$42.00 MDistributions from equity investments in excess of cumulative earnings: $45,000,000.00Equity-method return of capital+$45.00 MOther, net: -$3,000,000.00Other investing, net−$3.00 MAcquisition of assets (Note 2): -$648,000,000.00Acquisitions, net of cash−$648.00 MNet cash used in investing activities: -$1,414,000,000.00. Cash required to fund net payments.Investing cash−$1.41 Binvesting reconciliation: $1,459,000,000.00Cash sources and uses: $1,709,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $214,000,000.00Beginning cash$214.00 MEnding cash: Cash, cash equivalents, and restricted cash: $295,000,000.00Ending cash$295.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$396.00 MOperating cash − cash spent on PP&ECash flow / Net income1.56×Operating cash flow ÷ net incomeNet cash change+$81.00 MEnding cash − beginning cash
Chart details

KINDER MORGAN, INC. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025

Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
214,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,162,000,000 US dollars. Net cash provided.
Net income
743,000,000 US dollars
Depreciation, depletion and amortization
610,000,000 US dollars
Deferred income taxes
167,000,000 US dollars
Gain on divestitures, net
negative 1,000,000 US dollars
Earnings from equity investments
negative 220,000,000 US dollars
Distributions of equity investment earnings
185,000,000 US dollars
Accounts receivable
45,000,000 US dollars
Inventories
negative 22,000,000 US dollars
Other current assets
24,000,000 US dollars
Accounts payable
negative 57,000,000 US dollars
Accrued interest, net of interest rate swaps
negative 206,000,000 US dollars
Accrued taxes
negative 70,000,000 US dollars
Other current liabilities
negative 24,000,000 US dollars
Other, net
negative 94,000,000 US dollars
Change in fair value of derivative contracts
82,000,000 US dollars
Investing activities
negative 1,414,000,000 US dollars. Net cash used.
Capital expenditures
negative 766,000,000 US dollars
Contributions to investments
negative 42,000,000 US dollars
Distributions from equity investments in excess of cumulative earnings
45,000,000 US dollars
Other, net
negative 3,000,000 US dollars
Acquisition of assets (Note 2)
negative 648,000,000 US dollars
Financing activities
333,000,000 US dollars. Net cash provided.
Issuances of debt
2,876,000,000 US dollars
Payments of debt
negative 1,847,000,000 US dollars
Debt issue costs
negative 3,000,000 US dollars
Dividends
negative 642,000,000 US dollars
Repurchases of shares
0 US dollars
Distributions to noncontrolling interests
negative 41,000,000 US dollars
Other, net
negative 10,000,000 US dollars
Operating adjustment reconciliation
1,113,000,000 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
2,876,000,000 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
1,459,000,000 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
0 US dollars
Ending cash on Mar 31, 2025
295,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,709,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
81,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.56×. 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
1,162,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
766,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
396,000,000 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 $419.00M 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: 1,162,000,000 US dollars minus 766,000,000 US dollars equals 396,000,000 US dollars.
KINDER MORGAN, INC. (KMI) FY2025 Q1 Statement of Cash Flows Sankey chart
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