Entergy New Orleans LLC Pref (ENO) Cash Flow Statement
Where ENO’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $5.44T +121,174.7% vs 2024
- Capital expenditures
- $8.28T 63,931.8% of revenue
- Free cash flow
- −$2.83T −21,886.8% margin
- Returned to shareholders
- $1.13T
- Change in cash
- $2.06T cash at year-end $3.57T
Drawn to scale: where the cash came from and how it was used. Hover for values.
ENO operating cash flow, capex and free cash flow
ENO cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $205.2M2016 | $5.44T2025 | +210.1%/yr | |
| Capital expenditures | $326.7M2016 | $8.28T2025 | +208.5%/yr | |
| Free cash flow | −$121.5M2016 | −$2.83T2025 | — | |
| Free cash flow margin | −18.3%2016 | −21,886.8%2025 | −21,868.6 pts | |
| Operating cash flow / net income | 4.202016 | 3.022025 | −1.18 | |
| Stock-based compensation | −$25.2M2017 | $8.1M2018 | — | |
| Dividends paid | $19.7M2016 | $1.13T2025 | +237.8%/yr | |
| Share buybacks (net) | $20.6M2017 | $02025 | −100.0% | |
| Capex / revenue | 49.1%2016 | 63,931.8%2025 | +63,882.7 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ENO cash flow by activity
ENO 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).
ENO cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $1.80T | $1.06B | $228.9M | $1.10B | $31.8M | $49.3M | $52.6M | $126.1M | $43.7M | $48.8M |
| Depreciation & amortization | $2.57T | $2.44B | $81.3M | $76.9M | $73.5M | $64.0M | $56.1M | $55.9M | $52.9M | $51.7M |
| Stock-based compensation | — | — | — | — | — | — | — | $8.1M | −$25.2M | — |
| Change in working capital | $359.64B | $981.3M | $107.9M | −$794.9M | −$344.0M | −$59.2M | −$9.1M | $8.0M | $97.7M | −$197.0M |
| Other non-cash items | $712.84B | $2.5M | −$215.1M | $2.21B | $317.5M | $9.9M | $16.0M | −$26.4M | −$41.3M | $301.6M |
| Cash from operating activities | $5.44T | $4.49B | $203.0M | $2.59B | $78.8M | $64.0M | $115.6M | $171.8M | $127.8M | $205.2M |
| Investing activities | ||||||||||
| Capital expenditures | −$8.28T | −$4.84B | −$162.8M | −$5.07B | −$217.9M | −$224.2M | −$219.6M | −$196.2M | −$113.2M | −$326.7M |
| Investments (net) | — | — | — | — | — | — | — | — | — | $1.6M |
| Acquisitions & other investing | $456.08B | −$1.01B | $144.0M | −$644.8M | $48.0M | $3.4M | $15.3M | −$11.4M | $3.7M | $2.4M |
| Cash from investing activities | −$7.82T | −$5.85B | −$18.8M | −$5.71B | −$169.9M | −$220.8M | −$204.3M | −$207.6M | −$109.5M | −$322.7M |
| Financing activities | ||||||||||
| Dividends paid | −$1.13T | −$125.0M | −$125.0M | −$860.0M | −$793.4M | — | −$711.6M | −$23.8M | −$75.3M | −$19.7M |
| Share repurchases & issuance (net) | $20.6M | −$981.7M | — | — | $6.0M | — | −$425.7M | −$481.0M | −$20.6M | — |
| Net borrowing (repayment) | — | — | — | — | — | — | — | — | — | $103.1M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $5.56T | $3.19B | −$63.6M | $3.77B | $921.4M | $150.8M | $1.21B | $527.5M | $7.3M | $48.2M |
| Cash from financing activities | $4.44T | $2.09B | −$188.6M | $2.91B | $133.9M | $150.8M | $75.0M | $22.8M | −$88.6M | $131.7M |
| Summary | ||||||||||
| Net change in cash | $2.06T | $727.2M | −$4.4M | −$218.4M | $42.8M | −$6.0M | −$13.7M | −$13.1M | −$70.3M | $14.2M |
| Cash at end of period | $3.57T | $859.7M | $26,000 | $224.2M | $42.9M | $26,000 | $6.0M | $19.7M | $32.7M | $103.1M |
| Free cash flow | −$2.83T | −$349.8M | $40.1M | −$2.48B | −$139.1M | −$160.2M | −$104.0M | −$24.5M | $14.6M | −$121.5M |
| Free cash flow margin | −21,886.8% | −2.9% | 4.8% | −248.6% | −1.2% | −25.3% | −15.2% | −3.4% | 2.0% | −18.3% |
| Capex / revenue | 63,931.8% | 40.7% | 19.3% | 507.9% | 1.9% | 35.4% | 32.0% | 27.4% | 15.8% | 49.1% |
| Operating cash flow / net income | 3.02 | 4.23 | 0.89 | 2.36 | 2.48 | 1.30 | 2.20 | 1.36 | 2.92 | 4.20 |
| 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 | $487.8M | $6.4M | −$393,000 | $698.4M | $472.0M | $12.1M | $133.6M | $645.8M | $21.1M | −$49.0M | $161.4M | $43.5M |
| Depreciation & amortization | $19.3M | $19.0M | $18.6M | $19.1M | $22.4M | $21.8M | $21.7M | $21.2M | $21.1M | $20.9M | $20.8M | $20.8M |
| Change in working capital | $594.0M | −$27.8M | $91.6M | $170.0M | $67.2M | −$24.4M | −$40.8M | $744.7M | −$19.6M | $73.4M | $45.5M | $10.1M |
| Other non-cash items | $791.7M | −$1.3M | −$23.9M | $1.25B | $700.1M | −$6.9M | $48.3M | $150.7M | $13.7M | −$36.2M | −$210.4M | $10.2M |
| Cash from operating activities | $1.89B | −$3.7M | $85.9M | $2.13B | $1.26B | $2.6M | $162.8M | $1.56B | $36.3M | $9.1M | $17.3M | $84.7M |
| Investing activities | ||||||||||||
| Capital expenditures | −$2.78B | −$35.3M | −$48.0M | −$2.05B | −$2.01B | −$32.6M | −$10.2M | −$1.14B | −$39.5M | −$32.0M | −$35.4M | −$39.7M |
| Acquisitions & other investing | $107.5M | −$1.9M | $6.5M | $584.4M | −$22.3M | $10.8M | −$28.7M | −$394.5M | $1.9M | −$4.9M | $14.7M | $28.7M |
| Cash from investing activities | −$2.67B | −$37.2M | −$41.5M | −$1.47B | −$2.03B | −$21.9M | −$38.9M | −$1.54B | −$37.6M | −$36.9M | −$20.7M | −$11.0M |
| Financing activities | ||||||||||||
| Dividends paid | −$297.6M | — | −$3.1M | −$798.4M | −$525.9M | — | −$1.6M | −$491.4M | — | — | −$125.0M | — |
| Share repurchases & issuance (net) | −$6.6M | — | — | $516.7M | $258.2M | — | — | −$724.0M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $1.37B | −$381,000 | $258,000 | −$41.2M | $698.7M | $1.4M | −$125.1M | $1.24B | $7.8M | $27.8M | $13.6M | −$100.3M |
| Cash from financing activities | $1.06B | −$381,000 | −$2.9M | −$322.9M | $431.1M | $1.4M | −$126.6M | $29.4M | $7.8M | $27.8M | −$111.4M | −$100.3M |
| Summary | ||||||||||||
| Net change in cash | $283.0M | −$41.3M | $41.6M | $341.3M | −$337.8M | −$17.9M | −$2.7M | $56.6M | $6.5M | $41.9M | −$114.8M | −$26.6M |
| Cash at end of period | $3.85B | $69.0M | $110.3M | $1.52B | $1.18B | $13.9M | $31.8M | $1.41B | $6.6M | $26,000 | $26,000 | $114.8M |
| Free cash flow | −$885.7M | −$39.0M | $37.9M | $79.9M | −$746.6M | −$30.0M | $331.2M | $421.8M | −$3.2M | −$22.9M | −$18.1M | $45.0M |
| Free cash flow margin | −25.1% | −1.2% | 1.3% | 2.1% | −22.4% | −1.1% | 178.3% | 12.4% | −1.6% | −0.8% | −9.4% | 17.7% |
| Capex / revenue | 78.9% | 1.1% | 1.6% | 53.9% | 60.3% | 1.1% | 5.5% | 33.7% | 19.8% | 1.1% | 18.4% | 15.6% |
| Operating cash flow / net income | 3.88 | −0.58 | — | 3.06 | 2.67 | 0.21 | 1.22 | 2.42 | 1.72 | — | 0.11 | 1.94 |
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.
ENO cash generation
In fiscal 2025 (ended December 31, 2025), Entergy New Orleans LLC Pref generated $5.44 trillion of cash from operations (up 121,174.7%) and spent $8.28 trillion on capital expenditures, leaving free cash flow of -$2.83 trillion, −21,886.8% of revenue. It returned $1.13 trillion to shareholders through dividends ($1.13 trillion) and net share buybacks ($0). Cash and equivalents rose by $2.06 trillion over the year.
Related: ENO income statement, ENO balance sheet, ENO dividend history. See the ENO stock overview for the latest quote and news.
ENO cash flow FAQ
What is Entergy New Orleans LLC Pref's free cash flow?
Entergy New Orleans LLC Pref's free cash flow was -$2.83 trillion in fiscal 2025: $5.44 trillion of operating cash flow minus $8.28 trillion of capital expenditures It was -$349.8 million a year earlier..
How much cash does Entergy New Orleans LLC Pref generate from operations?
Entergy New Orleans LLC Pref generated $5.44 trillion of cash from operating activities in fiscal 2025, 3.02 times its net income of $1.80 trillion.
How much does Entergy New Orleans LLC Pref spend on capital expenditures?
Entergy New Orleans LLC Pref spent $8.28 trillion on capital expenditures in fiscal 2025, 63,931.8% of revenue, compared with $4.8 billion the year before.
How much does Entergy New Orleans LLC Pref pay in dividends?
Entergy New Orleans LLC Pref paid $1.13 trillion in dividends in fiscal 2025.