Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 17

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 STATEMENTS OF CASH FLOWS(Unaudited)

Nine Months Ended September 30,($ in millions)20252024Cash flows from operating activities:Net income (loss)$1,266 $(315)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation, depletion and amortization2,221 1,082 Deferred income tax expense (benefit)320 (105)Derivative gains, net(314)(207)Cash receipts on derivative settlements, net102 695 Share-based compensation34 29 Gains on sales of assets(3)(12)Contract amortization(171)— (Gains) losses on purchases, exchanges or extinguishments of debt(4)2 Other26 (16)Changes in assets and liabilities142 30 Net cash provided by operating activities3,6191,183Cash flows from investing activities:Capital expenditures(1,995)(1,021)Property acquisitions(69)— Receipts of deferred consideration116 116 Contributions to investments(14)(71)Proceeds from divestitures of property and equipment19 17 Net cash used in investing activities(1,943)(959)Cash flows from financing activities:Proceeds from Prior Credit Facility825 — Payments on Prior Credit Facility(825)— Proceeds from warrant exercise22 1 Debt issuance and other financing costs(11)(4)Cash paid to repurchase and retire common stock(100)— Cash paid to purchase debt(663)— Cash paid for common stock dividends(628)(254)Net cash used in financing activities(1,380)(257)Net increase (decrease) in cash, cash equivalents and restricted cash296 (33)Cash, cash equivalents and restricted cash, beginning of period3951,153Cash, cash equivalents and restricted cash, end of period$691 $1,120 Cash and cash equivalents$613 $1,044 Restricted cash7876Total cash, cash equivalents and restricted cash$691 $1,120 

The accompanying notes are an integral part of these condensed consolidated financial statements.7

Table of ContentsEXPAND ENERGY CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(Unaudited)

Common Stock($ in millions)SharesAmountAdditional Paid-in CapitalRetained EarningsTotal Stockholders' EquityBalance as of December 31, 2023130,789,