# SM ENERGY CO (SM) FY2026 YTD Q2 Statement of Cash Flows

- Company: SM ENERGY CO (SM)
- Period: 2026-01-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-06, accession number 0000893538-26-000121
- Page: https://plicit.ai/financials/sm/fy2026-ytd-q2-cash-flow
- Chart image: https://plicit.ai/charts/sm-fy2026-ytd-q2-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2025**: 368,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
- **Operating activities**: 1,743,000,000 US dollars. Net cash provided.
- **Net income**: 736,000,000 US dollars
- **Gain on divestiture activity**: negative 262,000,000 US dollars
- **Depletion, depreciation, and amortization**: 1,024,000,000 US dollars
- **Stock-based compensation expense**: 36,000,000 US dollars
- **Net derivative (gain) loss**: 425,000,000 US dollars
- **Net derivative settlement gain (loss)**: negative 250,000,000 US dollars
- **Amortization of deferred financing costs and debt premiums, net**: negative 10,000,000 US dollars
- **Deferred income tax expense**: 231,000,000 US dollars
- **Other, net**: negative 38,000,000 US dollars
- **Net change in working capital**: negative 149,000,000 US dollars
- **Investing activities**: negative 485,000,000 US dollars. Net cash used.
- **Net proceeds from the sale of oil and gas properties**: 897,000,000 US dollars
- **Capital expenditures**: negative 1,309,000,000 US dollars
- **Acquisition of business, net of cash acquired**: negative 49,000,000 US dollars
- **Other**: negative 24,000,000 US dollars
- **Financing activities**: negative 1,006,000,000 US dollars. Net cash used.
- **Proceeds from revolving credit facility**: 341,000,000 US dollars
- **Repayment of revolving credit facility**: negative 341,000,000 US dollars
- **Net proceeds from Senior Notes**: 984,000,000 US dollars
- **Cash paid to repurchase Senior Notes**: negative 1,743,000,000 US dollars
- **Repurchase of common stock**: negative 87,000,000 US dollars
- **Dividends paid**: negative 135,000,000 US dollars
- **Other, net**: negative 25,000,000 US dollars
- **Operating adjustment reconciliation**: 1,716,000,000 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**: 2,331,000,000 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**: 1,382,000,000 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 Jun 30, 2026**: 620,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
- **Cash sources and uses**: 2,111,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 252,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 2.37×. 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.

### 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 $1.01B 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.