← Southwest Gas Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($197.7m) | $140.0m | $221.0m | $234.8m | $281.8m | |
| Net Income (Loss) Attributable to Parent | $152.0m |
$193.8m
+27.49%
|
$182.3m
-5.97%
|
$213.9m
+17.37%
|
$232.3m
+8.60%
|
$200.8m
-13.58%
|
($203.3m)
-201.25%
|
$150.9m
+174.22%
|
$198.8m
+31.76%
|
$439.8m
+121.22%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $153.1m | $193.9m | $181.7m | $216.6m | $239.0m | $207.2m | ($197.7m) | $155.5m | $204.8m | $435.2m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $1.0m | $101k | ($625k) | $2.7m | $6.7m | $6.4m | $5.6m | $4.6m | $6.0m | ($4.6m) | — | |
| Depreciation and amortization | $289.1m | $251.0m | $249.2m | $303.2m | $332.0m | $371.0m | $470.5m | $440.9m | $438.4m | $330.7m | $345.5m | |
| Amortization of Intangible Assets | — | — | $7.6m | $10.7m | $10.8m | $17.3m | $29.8m | $26.7m | $26.6m | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $470.5m | $295.5m | $303.1m | $330.7m | $345.5m | |
| Deferred Income Tax Expense (Benefit) | $67.9m | $58.2m | $75.8m | $51.9m | $46.2m | $47.5m | ($90.9m) | $26.9m | $26.5m | $94.3m | $104.2m | |
| Deferred Income Tax | — | — | — | — | — | — | ($72.0m) | $59.4m | $57.7m | $118.1m | $104.2m | |
| Deferred Tax | — | — | — | — | — | — | ($72.0m) | $59.4m | $57.7m | $118.1m | $104.2m | |
| Share-based Payment Arrangement, Noncash Expense | $5.5m | $10.9m | $6.1m | $6.9m | $7.1m | $9.3m | $9.4m | $8.1m | $14.9m | $14.6m | $14.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.1m | $3.2m | $3.1m | $1.9m | $2.7m | $1.3m | $2.7m | $2.0m | $3.1m | $3.1m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | — | $23.3m | $14.3m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — | $0 | |
| Asset Impairment Charge | — | — | — | — | — | — | $455.4m | $71.2m | $0 | $0 | $0 | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | — | $0 | — | |
| Nonoperating Income (Expense) | ($64.2m) | ($64.7m) | ($114.1m) | ($99.1m) | ($118.3m) | ($122.7m) | ($248.9m) | ($221.0m) | ($242.5m) | ($143.0m) | — | |
| Other Nonoperating Income (Expense) | $9.5m | $13.4m | ($17.4m) | $10.1m | ($6.8m) | ($3.5m) | ($6.2m) | $71.3m | $54.6m | $60.1m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($266.7m) | ($187.7m) | $666.7m | ($34.7m) | ($227.1m) | |
| Increase (Decrease) in Accounts Receivable | ($30.1m) | $40.9m | $15.9m | $54.2m | $48.8m | $51.6m | $193.8m | $22.6m | ($126.5m) | ($32.4m) | $14.8m | |
| Change In Receivables | — | — | — | — | — | — | ($197.0m) | ($43.3m) | $62.7m | $27.4m | $14.8m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($193.8m) | ($38.4m) | $66.3m | $32.4m | $14.8m | |
| Increase (Decrease) in Accounts Payable | $21.7m | $20.0m | $11.8m | ($1.9m) | ($7.7m) | $50.4m | $293.9m | ($286.2m) | ($10.6m) | $13.2m | ($2.0m) | |
| Increase (Decrease) in Other Operating Assets | ($17.0m) | $22.3m | $5.7m | $21.1m | $32.6m | $13.5m | ($16.9m) | $10.4m | $21.1m | $62.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | — | $370.0m |
$528.9m
+42.95%
|
$500.4m
-5.39%
|
$626.1m
+25.12%
|
$111.4m
-82.21%
|
$407.5m
+265.82%
|
$509.2m
+24.97%
|
$1.4b
+166.25%
|
$556.1m
-58.98%
|
$473.8m
-14.80%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $529.5m | $623.6m | $765.9m | $938.1m | $825.1m | $715.6m | $859.4m | $872.5m | $945.9m | $807.9m | ($974.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $7.1m | $4.2m | $1.7m | $5.5m | $1.8m | $6.9m | $7.9m | $4.7m | $3.6m | $1.6m | ($3.8m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($859.4m) | ($765.9m) | ($846.6m) | ($807.9m) | ($974.5m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $17.0m | $94.2m | $251.4m | $47.6m | $0 | $2.4b | $18.8m | $0 | $0 | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | ($15.2m) | ($9.0m) | ($18.3m) | ($17.8m) | ($9.9m) | ($9.0m) | $955k | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $39.3m | ($10.8m) | ($7.0m) | $1.1m | $4.8m | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($999.5m) | ($951.6m) | ($802.1m) | ($3.0b) | ($838.9m) | $151.0m | ($921.6m) | ($24.8m) | ($969.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $255.3m | $339.0m | $237.8m | $213.8m | $356.4m | $452.7m | $499.9m | $248.3m | $629.4m | — | ($358.5m) | |
| Proceeds from Issuance of Long-term Debt | $423.9m | $407.1m | $565.2m | $531.6m | $662.4m | $1.7b | $1.1b | $1.0b | $353.8m | $0 | $230.1m | |
| Issuance Of Debt | — | — | — | — | — | — | $1.2b | $1.3b | $51.5m | $0 | $230.1m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $1.1b | $847.8m | $0 | $0 | $230.1m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($579.9m) | ($50.0m) | $0 | $0 | ($358.5m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $121.7m | ($669.0m) | $51.5m | ($680.0m) | ($260.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $487.9m | $797.8m | $0 | $0 | ($128.3m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($366.2m) | ($1.5b) | $51.5m | ($680.0m) | ($260.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.1b) | ($2.0b) | $0 | ($680.0m) | ($358.5m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $113.5m | $450.0m | $51.5m | $0 | ($10.0m) | |
| Short Term Debt Payments | — | — | — | — | — | — | ($479.7m) | ($1.9b) | $0 | ($680.0m) | ($260.0m) | |
| Payments of Ordinary Dividends, Common Stock | $83.3m | $92.1m | $100.2m | $116.1m | $125.5m | $138.2m | $160.6m | $174.6m | $177.8m | $178.5m | ($180.9m) | |
| Proceeds from Issuance of Common Stock | $472k | $41.2m | $354.4m | $157.9m | $139.2m | $213.6m | $461.8m | $251.8m | $8.9m | $19.7m | $19.4m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($160.6m) | ($174.6m) | ($177.6m) | ($178.5m) | ($180.9m) | |
| Common Stock Issuance | — | — | — | — | — | — | $461.8m | $251.8m | $8.9m | $19.7m | $19.4m | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $461.8m | $251.8m | $8.9m | $19.7m | $19.4m | |
| Dividends Payable, Current | — | — | — | — | $32.6m | — | $41.6m | $44.4m | $44.5m | $44.8m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($160.6m) | ($174.6m) | ($177.6m) | ($178.5m) | ($180.9m) | |
| Proceeds from (Payments for) Other Financing Activities | ($1.6m) | ($3.1m) | ($2.7m) | ($1.3m) | ($3.4m) | ($729k) | ($24.2m) | ($15.9m) | ($14.9m) | ($4.7m) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($66.5m) | ($5.5m) | ($6.3m) | ($7.7m) | ($6.5m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | $512.6m |
$415.3m
-18.98%
|
$209.6m
-49.53%
|
$3.1b
+1361.75%
|
$356.5m
-88.36%
|
($700.8m)
-296.59%
|
($176.3m)
+74.84%
|
($318.3m)
-80.50%
|
($427.9m)
-34.45%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $41.7m | ($35.8m) | $33.8m | $139.3m | ($75.8m) | — | $257.3m | $212.9m | $270.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $222.7m | $123.1m | $106.5m | $363.8m | $355.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $85.4m | $49.5m | $83.4m | $222.7m | $123.1m | $106.5m | $363.8m | — | $270.9m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($208k) | $158k | $228k | $160k | ($854k) | $273k | ($624k) | — | ($377k) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($854k) | $273k | ($624k) | ($127k) | ($377k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $67.4m | $71.9m | $86.6m | $102.3m | $105.2m | $104.4m | $219.8m | $282.6m | $278.9m | $240.2m | — | |
| Income Taxes Paid, Net | ($19.0m) | $5.7m | $1.2m | $2.8m | ($11.0m) | $4.2m | $12.0m | $9.4m | $9.9m | $40.5m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $140.0m | $179.3m | $359.0m | $343.0m | $345.2m | $1.8b | $787.2m | $789.7m | $781.2m | $11.2m | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $234.8m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $200.3m | — | |
| Income Tax Expense (Benefit) | $78.5m | $65.1m | $61.7m | $56.0m | $65.8m | $39.6m | ($75.7m) | $41.8m | $36.5m | $96.0m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $297.0m | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($2.1m) | ($2.1m) | ($2.5m) | ($2.5m) | — | — | — | — | — | — | — | |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | $2.3m | $2.3m | $3.6m | $4.2m | $4.7m | $0 | $0 | $1.9m | $6.6m | $5.8m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $1.5b | $1.8b | $1.9b | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $356.5m | ($597.3m) | ($123.6m) | ($846.5m) | ($427.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($838.9m) | $245.8m | ($832.2m) | ($801.5m) | ($969.7m) | |
| Cash From Discontinued Financing Activities | — | — | — | — | — | — | — | ($103.4m) |
($52.8m)
+49.00%
|
$528.2m
+1101.26%
|
$46.9m
-91.12%
|
|
| Cash From Discontinued Investing Activities | — | — | — | — | — | — | — | ($94.8m) | ($89.4m) | $776.7m | $819.3m | |
| Change In Account Payable | — | — | — | — | — | — | $293.9m | ($256.4m) | ($20.0m) | $13.2m | ($2.0m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($75.8m) | ($40.3m) | $257.3m | $212.9m | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | $17.9m | ($5.4m) | $2.2m | ($20.5m) | ($1.6m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($381.6m) | $117.4m | $621.8m | ($54.8m) | ($238.2m) | |
| Change In Payable | — | — | — | — | — | — | $311.8m | ($261.8m) | ($17.9m) | ($7.3m) | ($2.0m) | |
| Change In Tax Payable | — | — | — | — | — | — | $17.9m | ($5.4m) | $2.2m | ($20.5m) | ($1.6m) | |
| Changes In Cash | — | — | — | — | — | — | ($75.0m) | ($40.6m) | $257.9m | $213.0m | ($84.7m) | |
| End Cash Position | — | — | — | — | — | — | $123.1m | $106.5m | $363.8m | $576.6m | $270.9m | |
| Financing Cash Flow | — | — | — | — | — | — | $356.5m |
($700.8m)
-296.59%
|
($176.3m)
+74.84%
|
($318.3m)
-80.50%
|
($427.9m)
-34.45%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($452.0m) | ($256.7m) | $509.2m | ($251.8m) | ($527.8m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($7.9m) | ($136k) | $0 | ($1.6m) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($838.9m) | $151.0m | ($921.6m) | ($24.8m) | ($969.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($18.8m) | $1.0b | $0 | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $21.4m | $5.3m | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($7.9m) | ($136k) | ($3.6m) | ($1.6m) | ($3.8m) | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | — | — | ($23.8m) | $23.8m | $0 | $0 | — | |
| Other Non Cash Items | — | — | — | — | — | — | $16.4m | ($34.0m) | ($54.5m) | ($67.8m) | — | |
| Purchase Of Business | — | — | — | — | — | ($2.4b) | ($18.8m) | $0 | $0 | — | $0 | |
| Purchase Of PPE | — | $623.6m | $765.9m | $938.1m | $825.1m | ($715.6m) | ($859.4m) | $872.5m | $945.9m | $807.9m | ($974.5m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $1.0b | $0 | $0 | $0 | |
| Sale Of PPE | — | — | — | — | — | — | $0 | $0 | $21.4m | $5.3m | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $9.4m | $6.2m | $11.4m | $14.6m | $14.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.