Entergy Arkansas LLC Deb 2066 (EAI) Cash Flow Statement
Where EAI’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $5.44B +21.3% vs 2024
- Capital expenditures
- $8.28B 63.9% of revenue
- Free cash flow
- −$2.83B −21.9% margin
- Returned to shareholders
- $1.13B
- Change in cash
- $2.06B cash at year-end $3.57B
Drawn to scale: where the cash came from and how it was used. Hover for values.
EAI operating cash flow, capex and free cash flow
EAI cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $676.5M2016 | $5.44B2025 | +26.1%/yr | |
| Capital expenditures | $948.6M2016 | $8.28B2025 | +27.2%/yr | |
| Free cash flow | −$272.1M2016 | −$2.83B2025 | — | |
| Free cash flow margin | −13.0%2016 | −21.9%2025 | −8.8 pts | |
| Operating cash flow / net income | 4.052016 | 3.022025 | −1.02 | |
| Stock-based compensation | $38.7M2016 | $40.2M2023 | +0.5%/yr | |
| Dividends paid | $6.6M2016 | $1.13B2025 | +76.9%/yr | |
| Share buybacks (net) | $115.3M2016 | $02025 | −100.0% | |
| Capex / revenue | 45.5%2016 | 63.9%2025 | +18.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EAI cash flow by activity
EAI net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
EAI cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $1.80B | $1.06B | $402.1M | $1.10B | $1.12B | $1.41B | $1.26B | $252.7M | $78.6M | $167.2M |
| Depreciation & amortization | $2.57B | $495.0M | $469.5M | $2.19B | $2.24B | $2.26B | $2.18B | $383.3M | $370.5M | $361.3M |
| Stock-based compensation | — | — | $40.2M | $45.4M | −$719.3M | −$214.4M | $433.7M | $38.5M | $37.4M | $38.7M |
| Change in working capital | $359.6M | $368.4M | $76.3M | −$1.74B | −$348.2M | −$7.0M | −$52.1M | −$497.3M | $912.3M | −$197.0M |
| Other non-cash items | $712.8M | $2.56B | −$47.1M | $988.6M | $6.6M | −$753.1M | −$1.01B | $34.6M | −$843.3M | $306.3M |
| Cash from operating activities | $5.44B | $4.49B | $941.0M | $2.59B | $2.30B | $2.69B | $2.82B | $211.8M | $555.6M | $676.5M |
| Investing activities | ||||||||||
| Capital expenditures | −$8.28B | −$4.84B | −$1.03B | −$5.29B | −$6.42B | −$5.16B | −$4.63B | −$687.6M | −$817.0M | −$948.6M |
| Investments (net) | — | — | — | — | — | — | — | — | — | −$15.7M |
| Acquisitions & other investing | $456.1M | −$1.01B | −$2.6M | $4.44B | $5.52B | $4.36B | $3.96B | −$1.1M | −$12.3M | $16.3M |
| Cash from investing activities | −$7.82B | −$5.85B | −$1.03B | −$852.8M | −$898.2M | −$795.7M | −$676.3M | −$688.7M | −$829.3M | −$948.0M |
| Financing activities | ||||||||||
| Dividends paid | −$1.13B | −$1000.0M | −$417.0M | −$860.0M | −$793.4M | −$766.8M | −$728.0M | −$93.4M | −$16.4M | −$6.6M |
| Share repurchases & issuance (net) | $20.6M | $136.8M | $4.58B | $32.0M | $7.88B | $12.30B | −$50.0M | −$53.9M | −$20.6M | −$115.3M |
| Net borrowing (repayment) | — | — | — | — | — | — | — | — | $284.0M | $177.4M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $5.54B | $2.95B | −$4.08B | $3.73B | −$4.53B | −$8.12B | $2.42B | $618.0M | $12.5M | $227.3M |
| Cash from financing activities | $4.44B | $2.09B | $90.3M | $2.91B | $2.56B | $3.42B | $1.64B | $470.8M | $259.5M | $282.9M |
| Summary | ||||||||||
| Net change in cash | $2.06B | $727.2M | −$1.6M | −$218.4M | −$1.32B | $1.33B | −$55.3M | −$6.1M | −$14.3M | $11.4M |
| Cash at end of period | $3.57B | $859.7M | $3.6M | $224.2M | $442.6M | $1.76B | $425.7M | $119,000 | $6.2M | $20.5M |
| Free cash flow | −$2.83B | −$349.8M | −$89.3M | −$2.70B | −$4.12B | −$2.47B | −$1.81B | −$475.8M | −$261.4M | −$272.1M |
| Free cash flow margin | −21.9% | −2.9% | −3.4% | −101.1% | −176.2% | −118.3% | −80.3% | −23.1% | −12.2% | −13.0% |
| Capex / revenue | 63.9% | 40.7% | 38.9% | 197.8% | 274.6% | 247.4% | 205.0% | 33.4% | 38.2% | 45.5% |
| Operating cash flow / net income | 3.02 | 4.23 | 2.34 | 2.36 | 2.06 | 1.91 | 2.24 | 0.84 | 7.07 | 4.05 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $878.6M | $390.8M | $60.2M | $698.4M | $472.0M | $362.4M | $72.3M | $645.8M | $96.2M | −$30.5M | $173.1M | $669.7M |
| Depreciation & amortization | $1.33B | $654.7M | $135.2M | $140.0M | $139.6M | $135.4M | $127.6M | $125.3M | $120.4M | $121.7M | $121.4M | $551.7M |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | $11.0M | $9.9M | $10.4M |
| Change in working capital | $451.3M | −$142.7M | −$21.6M | $439.2M | $118.4M | −$384.7M | −$80.3M | $733.5M | −$75.5M | $66.1M | $34.4M | −$77.6M |
| Other non-cash items | $65.7M | −$73.8M | $79.5M | $857.1M | $531.7M | $423.1M | $22.3M | $57.8M | $96.4M | $119.0M | −$160.2M | $250.8M |
| Cash from operating activities | $2.72B | $829.0M | $253.3M | $2.13B | $1.26B | $536.2M | $141.9M | $1.56B | $237.5M | $287.3M | $178.6M | $1.41B |
| Investing activities | ||||||||||||
| Capital expenditures | −$5.03B | −$2.25B | −$356.2M | −$1.89B | −$2.01B | −$1.66B | −$543.0M | −$1.14B | −$229.4M | −$355.6M | −$217.0M | −$1.13B |
| Acquisitions & other investing | −$62.1M | −$169.6M | $55.8M | $418.3M | −$22.3M | −$50.2M | $62.6M | −$394.5M | −$120.7M | −$15.8M | $6.9M | $869.7M |
| Cash from investing activities | −$5.09B | −$2.42B | −$300.4M | −$1.47B | −$2.03B | −$1.71B | −$480.4M | −$1.54B | −$350.1M | −$371.4M | −$210.1M | −$259.0M |
| Financing activities | ||||||||||||
| Dividends paid | −$595.1M | −$297.4M | −$190.0M | −$60.4M | −$262.8M | −$262.8M | −$310.0M | −$60.4M | — | −$245.5M | −$275.0M | −$230.8M |
| Share repurchases & issuance (net) | — | $6.6M | — | −$267.9M | −$539.4M | $22.7M | — | −$241.7M | — | — | −$2.48B | $1.36B |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $4.89B | $3.53B | $36.2M | $5.5M | $1.23B | $2.07B | $13.0M | $331.6M | $853.4M | $371.6M | $2.67B | −$1.07B |
| Cash from financing activities | $4.30B | $3.24B | −$153.8M | −$322.9M | $431.1M | $1.83B | −$297.0M | $29.4M | $853.4M | $126.1M | −$78.3M | $54.0M |
| Summary | ||||||||||||
| Net change in cash | $1.93B | $1.64B | −$200.8M | $341.3M | −$337.8M | $653.7M | −$635.4M | $56.6M | $740.8M | $41.9M | −$109.8M | $325.4M |
| Cash at end of period | $3.85B | $3.57B | $275.6M | $1.52B | $1.18B | $1.51B | $4.7M | $1.41B | $786.3M | $45.6M | $3.6M | $1.52B |
| Free cash flow | −$2.31B | −$1.42B | −$102.9M | $246.0M | −$746.6M | −$1.12B | −$401.1M | $421.8M | $8.0M | −$68.4M | −$38.4M | $276.4M |
| Free cash flow margin | −65.5% | −220.2% | −1.8% | 6.5% | −107.0% | −39.5% | −5.5% | 12.4% | 1.3% | −11.0% | −6.2% | 33.2% |
| Capex / revenue | 142.8% | 348.5% | 6.4% | 49.5% | 287.8% | 58.3% | 7.5% | 33.7% | 37.7% | 57.2% | 35.3% | 135.7% |
| Operating cash flow / net income | 3.10 | 2.12 | 4.21 | 3.06 | 2.67 | 1.48 | 1.96 | 2.42 | 2.47 | — | 1.03 | 2.10 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
EAI cash generation
In fiscal 2025 (ended December 31, 2025), Entergy Arkansas LLC Deb 2066 generated $5.4 billion of cash from operations (up 21.3%) and spent $8.3 billion on capital expenditures, leaving free cash flow of -$2.8 billion, −21.9% of revenue. It returned $1.1 billion to shareholders through dividends ($1.1 billion) and net share buybacks ($0). Cash and equivalents rose by $2.1 billion over the year.
Related: EAI income statement, EAI balance sheet, EAI dividend history. See the EAI stock overview for the latest quote and news.
EAI cash flow FAQ
What is Entergy Arkansas LLC Deb 2066's free cash flow?
Entergy Arkansas LLC Deb 2066's free cash flow was -$2.8 billion in fiscal 2025: $5.4 billion of operating cash flow minus $8.3 billion of capital expenditures It was -$349.8 million a year earlier..
How much cash does Entergy Arkansas LLC Deb 2066 generate from operations?
Entergy Arkansas LLC Deb 2066 generated $5.4 billion of cash from operating activities in fiscal 2025, 3.02 times its net income of $1.8 billion.
How much does Entergy Arkansas LLC Deb 2066 spend on capital expenditures?
Entergy Arkansas LLC Deb 2066 spent $8.3 billion on capital expenditures in fiscal 2025, 63.9% of revenue, compared with $4.8 billion the year before.
How much does Entergy Arkansas LLC Deb 2066 pay in dividends?
Entergy Arkansas LLC Deb 2066 paid $1.1 billion in dividends in fiscal 2025.