SM Stock Cash Flow Statements

SM Energy Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

SM Energy Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-06-30	2008-03-31	2006-03-31

cash flows from operating activities:
net income	201,665,000	182,269,000	188,278,000	240,523,000	210,293,000	131,199,000	247,111,000	222,343,000	149,874,000	198,552,000	258,463,000	481,240,000	323,485,000	48,764,000	424,900,000	85,593,000	-222,995,000	-251,269,000	-165,175,000	-98,292,000	-89,252,000	-411,895,000	-102,055,000	42,234,000	50,388,000	-177,568,000	309,732,000	-135,923,000	17,197,000	317,401,000	-26,258,000	-89,112,000	-119,907,000	74,434,000	-200,946,000	-40,907,000	-168,681,000	-347,210,000	-340,258,000	3,114,000	-57,508,000	-53,058,000	331,726,000	208,938,000	59,780,000	65,607,000	6,996,000	70,690,000	76,522,000	16,727,000	-67,138,000	-38,336,000	24,889,000	26,336,000	-120,711,000	990,000	-4,415,000	-8,322,000	-87,623,000	33,550,000	95,996,000	50,526,000
adjustments to reconcile net income to net cash from operating activities:
depletion, depreciation, and amortization	292,990,000	269,900,000
stock-based compensation expense	5,751,000	7,089,000	7,628,000	6,587,000	5,788,000	5,018,000	5,731,000	6,038,000	4,163,000	4,318,000	4,914,000	5,105,000	4,479,000	4,274,000	4,628,000	4,498,000	3,956,000	5,737,000	-438,000	4,164,000	5,712,000	5,561,000	5,560,000	6,766,000	6,154,000	5,838,000	6,228,000	7,004,000	5,264,000	5,412,000	6,540,000	6,347,000	4,358,000	5,455,000	6,412,000	6,570,000	7,047,000	6,868,000	6,975,000	7,277,000	7,191,000	6,024,000	8,126,000	10,227,000	7,997,000	6,344,000	6,852,000	7,427,000	9,955,000	8,113,000	8,454,000	9,359,000	8,022,000	4,350,000	7,274,000						3,310,000	3,197,000
net derivative (gain) loss			20,298,000	-86,283,000	-12,118,000	28,145,000			-11,674,000	-51,329,000					-22,524,000	209,146,000	370,348,000	344,689,000			167,200,000	-545,340,000	101,002,000				-411,136,000	178,026,000	63,749,000	7,529,000	115,778,000	80,599,000
net derivative settlement gain	39,745,000	7,751,000	22,428,000	16,491,000	16,523,000	13,274,000
amortization of deferred financing costs	2,552,000	2,550,000		2,182,000	1,372,000	1,371,000																															2,850,000	-920,000	1,907,000	1,911,000	1,935,000	1,957,000		1,479,000	1,477,000	1,477,000
deferred income taxes	43,204,000	26,259,000	58,464,000	45,615,000	43,516,000	27,391,000	45,085,000	-51,075,000	44,278,000	49,968,000	66,061,000	110,048,000	81,000,000	11,948,000	9,847,000	-68,000	-162,000	-52,000	-33,476,000	-22,796,000	-36,921,000	-99,347,000	-28,215,000	19,617,000	13,766,000	-47,003,000	81,036,000	-36,833,000	-861,000	98,366,000	-124,608,000	-36,668,000	-64,015,000	33,225,000	-133,873,000	-23,756,000	-95,975,000	-195,039,000	-196,334,000	4,168,000	-50,829,000	-33,727,000	199,600,000	124,269,000	35,537,000	38,374,000	6,936,000	42,380,000	45,959,000	10,280,000	-36,943,000	-22,910,000	14,927,000	15,288,000	-40,462,000	29,347,000	-5,934,000	-7,758,000	-55,390,000	5,907,000	50,089,000	13,830,000
other	-5,721,000	1,515,000	-9,406,000	-7,834,000	-18,858,000	1,102,000	9,314,000	-7,184,000	-10,000	-4,295,000	-1,426,000	-3,910,000	11,339,000	239,000	3,548,000	6,076,000	1,215,000	-14,592,000	-506,000	-2,376,000	-3,011,000	-816,000	4,511,000	-1,004,000	1,243,000	-2,530,000	2,371,000	218,000	225,000	-2,527,000	3,526,000	2,446,000	-2,300,000	4,567,000	5,891,000	-3,068,000	548,000	128,000	10,091,000	4,104,000	-1,930,000	1,496,000	4,055,000	1,841,000	-1,724,000	-3,103,000	-154,000	-2,840,000	4,737,000	1,032,000	-379,000	1,773,000	251,000	-1,118,000	-75,000	1,950,000	2,168,000	93,000	-829,000	-2,861,000	3,627,000	133,000
net change in working capital	69,265,000	-31,564,000		32,040,000	50,215,000	-97,688,000		-52,893,000	21,780,000	-26,216,000		96,518,000	28,214,000	-137,962,000		21,078,000	82,529,000	-51,437,000		16,843,000	-38,737,000	-18,517,000		-9,673,000	41,613,000	-20,159,000		17,997,000
net cash from operating activities	571,143,000	482,985,000	577,869,000	452,263,000	476,382,000	276,000,000	476,515,000	382,994,000	383,251,000	331,634,000	288,375,000	513,370,000	542,569,000	342,092,000	429,630,000	328,119,000	296,399,000	105,624,000	256,860,000	201,613,000	114,339,000	218,132,000	241,981,000	203,156,000	259,928,000	118,502,000	179,452,000	229,659,000	171,383,000	140,135,000	144,793,000	128,482,000	107,149,000	134,966,000	137,792,000	158,139,000	138,597,000	118,276,000	193,503,000	235,341,000	265,586,000	283,922,000	381,453,000	359,969,000	415,425,000	299,728,000	337,645,000	404,514,000	314,063,000	282,292,000	268,383,000	243,298,000	222,235,000	188,053,000	270,785,000	83,054,000	111,291,000	116,586,000	125,175,000	173,636,000	142,459,000	129,242,000
cash flows from investing activities:
capital expenditures	-410,175,000	-413,868,000	-353,474,000	-302,107,000	-322,684,000	-332,365,000	-222,655,000	-216,710,000	-309,334,000	-240,712,000	-288,088,000	-226,101,000	-215,618,000	-150,127,000	-124,576,000	-180,088,000	-222,614,000	-147,563,000	-128,008,000	-109,568,000	-170,903,000	-139,306,000	-235,127,000	-212,515,000	-326,787,000	-249,340,000	-270,600,000	-309,269,000	-421,798,000	-301,521,000	-263,384,000	-258,226,000	-212,342,000	-154,401,000	-137,117,000	-147,224,000	-169,200,000	-176,370,000	-231,737,000	-287,741,000	-429,165,000	-544,965,000	-656,936,000	-539,282,000	-426,841,000	-351,739,000	-432,181,000	-387,363,000	-352,807,000	-381,185,000	-381,073,000	-421,389,000	-370,351,000	-335,015,000	-551,476,000	-86,787,000	-76,640,000	-82,201,000	-133,625,000	-167,941,000	-161,306,000
free cash flows	160,968,000	69,117,000	224,395,000	150,156,000	153,698,000	-56,365,000	253,860,000	166,284,000	73,917,000	90,922,000	287,000	287,269,000	326,951,000	191,965,000	305,054,000	148,031,000	73,785,000	-41,939,000	128,852,000	92,045,000	-56,564,000	78,826,000	6,854,000	-9,359,000	-66,859,000	-130,838,000	-91,148,000	-79,610,000	-250,415,000	-161,386,000	-118,591,000	-129,744,000	-105,193,000	-19,435,000	675,000	10,915,000	-30,603,000	-58,094,000	-38,234,000	-52,400,000	-163,579,000	-261,043,000	-275,483,000	-179,313,000	-11,416,000	-52,011,000	-94,536,000	17,151,000	-38,744,000	-98,893,000	-112,690,000	-178,091,000	-148,116,000	-146,962,000	-280,691,000	-3,733,000	34,651,000	34,385,000	-8,450,000	5,695,000	-18,847,000
acquisition of proved and unproved oil and gas properties	-27,000	-14,892,000	-2,102,841,000	-838,000			-613,000	-20,484,000							0				-798,000				0	-2,900,000			-8,684,000	44,000			-2,507,000	751,000	-13,035,000	-75,105,000	-2,161,937,000	-4,102,000	-2,707,000	-15,044,000	-896,000	-500,000	3,481,000	-10,069,000	-85,276,000	-360,658,000			404,000	-2,806,000
net cash from investing activities	-410,202,000	-428,760,000	-2,449,259,000	-302,945,000	-322,679,000	-332,288,000	-223,268,000	-237,194,000	-397,818,000	-240,405,000	-287,821,000	-226,697,000	-215,618,000	-150,127,000	-122,484,000	-174,795,000	-222,322,000	-147,634,000	-128,806,000	-116,643,000	-170,811,000	-139,306,000	-234,588,000	-215,415,000	-320,353,000	-242,935,000	-273,974,000	-308,241,000	-194,978,000	189,259,000	-270,537,000	-245,357,000	-202,949,000	517,313,000	-1,508,821,000	-10,564,000	-161,931,000	-189,323,000	-209,793,000	-288,120,000	-112,268,000	-534,458,000	-742,764,000	-903,350,000	-487,102,000	-345,533,000	-26,530,000	-388,583,000	-398,887,000	-378,903,000	-373,637,000	-388,539,000	-363,371,000	-331,786,000	-508,006,000	-43,441,000	-61,262,000	-71,122,000	-128,267,000	-178,713,000	-93,944,000
cash flows from financing activities:
proceeds from revolving credit facility	528,000,000	856,500,000													183,000,000	705,500,000	504,000,000	440,000,000	281,500,000	324,500,000	415,500,000	425,500,000
repayment of revolving credit facility	-565,500,000	-887,500,000													-183,000,000	-758,000,000	-586,500,000	-398,000,000	-366,500,000	-339,500,000	-294,500,000	-476,000,000
repurchase of common stock			-2,065,000	0	-51,223,000	-32,768,000	-22,859,000	-96,383,000	-68,795,000	-40,068,000	-36,966,000																																																	0	-77,202,000
dividends paid	-22,893,000	-22,892,000	-22,884,000	-20,595,000	-20,707,000	-20,834,000	-17,447,000	-17,800,000	-18,077,000	-18,290,000	-18,419,000	0			-1,215,000	0			-1,146,000	0			-5,642,000	0			-5,607,000	0			-5,581,000	0			-4,347,000	0			-3,399,000	0			-3,370,000	0			-3,349,000	0			-3,303,000	0			-3,201,000	-3,127,000	0
net proceeds from sale of common stock			1,357,000	0			1,243,000	0			1,394,000	0			1,324,000	0			517,000	0			1,250,000	0			1,306,000	0			885,000	0			405,002,000
net cash from financing activities	-59,118,000	-54,171,000	34,077,000	1,098,126,000	-70,086,000	-53,624,000	-39,063,000	-122,058,000	-85,064,000	-58,358,000	-53,991,000	-55,327,000	-479,749,000	-104,794,000	-4,230,000	-123,524,000	-74,077,000	42,000,000	-128,054,000	-84,970,000	56,467,000	-78,821,000	-10,894,000	9,360,000	66,821,000	46,482,000	-4,319,000	-360,518,000			-4,728,000	-1,231,000	-3,826,000	-2,504,000	399,735,000	833,073,000	23,301,000	71,080,000	16,111,000	52,894,000	-153,258,000	250,438,000	361,162,000	379,856,000	-964,000	-8,000	-29,043,000	-15,931,000	84,913,000	90,772,000	110,996,000	145,241,000	141,034,000	24,825,000	326,492,000	-49,481,000	-39,901,000	-37,286,000	-828,000	34,485,000	-84,514,000	4,447,000
net change in cash, cash equivalents, and restricted cash	101,823,000	54,000	-1,837,313,000	1,247,444,000	83,617,000	-109,912,000	214,184,000	23,742,000	-99,631,000	32,871,000	-53,437,000	231,346,000	-152,798,000	87,171,000	302,916,000	29,800,000	0	-10,000				5,000	-3,501,000	-2,899,000	6,396,000	-77,951,000	-98,841,000	-439,100,000	-27,431,000	329,394,000
cash, cash equivalents, and restricted cash at beginning of period			0	0	0	616,164,000	0	0	0	444,998,000	0	0	0	332,716,000	0	0	0	10,000	0	0	0	10,000	0	0	0	77,965,000	0	0	0	313,943,000
cash, cash equivalents, and restricted cash at end of period	101,823,000	54,000		1,247,444,000	83,617,000	506,252,000	214,184,000	23,742,000	-99,631,000	477,869,000	-53,437,000	231,346,000	-152,798,000	419,887,000	302,916,000				0	0	-5,000	15,000	-3,501,000	-2,899,000	6,396,000	14,000	-98,841,000	-439,100,000	-27,431,000	643,337,000
supplemental schedule of additional cash flow information:
operating activities:
cash paid for interest, net of capitalized interest	-2,548,000	-82,311,000			-8,573,000	-32,986,000	-9,433,000	-34,834,000	-8,798,000	-33,882,000	-8,572,000	-34,793,000	-26,671,000	-64,204,000	-10,378,000	-51,364,000	-21,415,000	-53,449,000	-18,319,000	-39,861,000	-34,844,000	-47,469,000	-28,780,000	-45,476,000	-27,689,000	-39,957,000
net cash paid for income taxes							-2,799,000	-39,000
investing activities:
changes in capital expenditure accruals	-22,197,000	26,931,000			5,078,000	-26,569,000
net derivative loss		17,216,000										-137,577,000	104,236,000	418,521,000											-79,655,000	177,081,000
net cash refunded for income taxes		84,000
amortization of debt discount and deferred financing costs							1,372,000	1,371,000	1,372,000	1,371,000	1,371,000	1,303,000	3,597,000	4,010,000	3,925,000	3,905,000	4,722,000	4,723,000	4,620,000	4,506,000	4,586,000	3,992,000	3,920,000	3,921,000	3,844,000	3,789,000	3,716,000	3,792,000	3,884,000	3,866,000	3,798,000	3,799,000															1,476,000	1,474,000	1,363,000	1,077,000	1,077,000	1,076,000	951,000	3,665,000	3,601,000	3,291,000	3,219,000
loss on extinguishment of debt												0
changes in working capital:
accounts receivable																														-4,464,000	-7,505,000	-25,491,000	16,586,000	30,407,000	-11,783,000	12,441,000	-38,142,000	26,922,000	34,864,000	66,385,000	-30,576,000	69,527,000	17,612,000	9,034,000	-11,905,000	9,347,000	-33,285,000	14,075,000	-37,120,000	-22,164,000	-2,707,000	-19,417,000	14,702,000	-13,967,000	-21,211,000	-12,101,000	9,695,000	5,446,000	43,703,000	-1,718,000	-41,236,000	26,899,000
prepaid expenses and other																														755,000	7,002,000	366,000	-9,499,000	178,000	826,000	-835,000	8,588,000	-101,000	1,976,000	-2,346,000	1,652,000	1,281,000	-2,056,000	-1,068,000	417,000	885,000	4,335,000	-2,291,000	-1,034,000	354,000	4,719,000	-1,444,000	-1,756,000	-3,003,000	1,644,000	2,034,000	-1,569,000	-1,677,000	-5,414,000	-6,234,000	-336,000	416,000
accounts payable and accrued expenses																														-8,825,000	23,425,000	30,533,000	-3,476,000	-5,497,000	11,956,000	-3,439,000	-9,433,000	-52,294,000	-12,020,000	-40,207,000	11,376,000	-45,416,000	38,263,000	-15,093,000	48,178,000	-61,882,000	20,520,000	26,106,000	40,804,000	5,794,000	370,000	34,785,000	22,932,000	-26,951,000	23,485,000	-12,608,000	20,132,000	8,583,000	-20,921,000	19,992,000	-5,142,000
debt issuance costs related to revolving credit facility
net proceeds from senior notes			-233,000												0	-812,000											0								-757,000				0	-606,000
cash paid to repurchase senior notes			0								0	0	-480,176,000	-104,770,000	0	-65,480,000			-95,736,000												0	0	0	-2,344,000	0	0	-9,987,000	-19,917,000
net share settlement from issuance of stock awards			0	-6,815,000	0	-22,000																													-13,000				-176,000				-48,000				-17,000				-17,000
depletion, depreciation, amortization, and asset retirement obligation liability accretion				202,942,000	179,651,000	166,188,000	189,107,000	189,353,000	157,832,000	154,189,000	143,611,000	145,865,000	154,823,000	159,481,000	200,011,000	202,701,000	204,714,000	166,960,000	188,934,000	181,708,000	180,856,000	233,489,000	228,597,000	211,125,000	206,330,000	177,746,000	181,970,000	201,105,000	151,765,000	130,473,000	131,393,000	134,599,000	153,232,000	137,812,000	171,552,000	193,966,000	211,020,000	214,207,000	240,025,000	243,879,000	219,704,000	217,401,000	219,277,000	183,259,000	187,781,000	177,215,000	202,640,000	195,792,000	225,731,000	198,709,000	204,267,000	192,432,000	161,608,000	169,570,000	167,298,000
debt issuance costs related to credit facility																																			0	0																			0	0	-14,000
reconciliation of cash, cash equivalents, and restricted cash:
cash and cash equivalents																				0				-2,000
restricted cash																								-2,897,000
net cash refunded (paid) for income taxes						3,292,000
impairment											1,002,000	1,077,000	4,389,000	1,000,000	8,750,000	8,750,000	8,750,000	8,750,000	8,750,000	8,750,000	8,750,000	989,763,000
supplemental schedule of additional cash flow information and non-cash activities:
non-cash financing activities
derivative settlement gain								-314,000	15,636,000	5,076,000					-268,696,000	-213,555,000	-158,822,000	-107,885,000	64,991,000	70,305,000	142,528,000	73,437,000	15,379,000				-33,892,000	-40,718,000	-36,665,000	-24,528,000	-8,168,000	13,092,000	16,303,000	7,000	23,244,000	57,496,000	101,710,000	147,028,000
changes in capital expenditure accruals and other																							-59,167,000	44,975,000	-72,282,000	62,185,000
increase in capital expenditure accruals and other									-42,653,000	66,873,000	-20,801,000	12,810,000	22,153,000	15,627,000		-20,102,000	-8,422,000	37,409,000				16,802,000
net (gain) loss on extinguishment of debt
net cash (paid) refunded for income taxes
derivative settlement loss												-186,299,000	-240,598,000	-168,183,000											4,090,000	-4,969,000
net proceeds from the sale of oil and gas properties															2,092,000				0	0			539,000	0	6,406,000	6,114,000	5,310,000	984,000	251,435,000	490,780,000	-1,646,000	12,118,000	21,914,000	744,333,000	744,233,000	188,862,000	11,761,000	1,206,000	22,835,000
debt issuance costs related to 10.0% senior secured notes due 2025																			-183,000	-2,395,000
decrease in capital expenditure accruals and other
non-cash investing and financing activities
(gain) loss on extinguishment of debt																-5,000
gain on extinguishment of debt																				-25,070,000	-227,281,000	-12,195,000
net gain on divestiture activity																			0	0				0	-262,000	-61,000				-385,369,000					-33,661,000				-4,534,000	-2,415,000
net derivative gain																																		-114,774,000
repayment of 1.50% senior convertible notes due 2021																				0
adjustments to reconcile net income to net cash from operating activities
cash paid to repurchase 6.125% senior notes due 2022																					0	-28,318,000
supplemental non-cash investing activities:
carrying value of properties exchanged																							2,634,000	4,220,000	800,000	65,788,000
supplemental non-cash financing activities:
non-cash gain on extinguishment of debt																																						-15,722,000
net (gain) loss on divestiture activity																											-1,261,000	-786,000			-537,000			-37,463,000
impairment of oil and gas properties
changes in current assets and liabilities:
proceeds from credit facility																							464,500,000	428,000,000	524,500,000	172,000,000					0	0	8,500,000	397,500,000	204,000,000	158,000,000	268,000,000	317,000,000	268,000,000	374,000,000	670,500,000	560,000,000	749,000,000				226,500,000	460,000,000	293,000,000	223,500,000	374,500,000	432,000,000	776,500,000	26,000,000	206,500,000	174,000,000	132,500,000	576,000,000	1,190,000,000	249,000,000	389,000,000
repayment of credit facility																							-471,000,000	-417,000,000	-453,000,000	-125,500,000					0	0	-8,500,000	-397,500,000	-204,000,000	-488,500,000	-230,500,000	-226,000,000	-250,000,000	-312,000,000	-965,000,000	-309,500,000	-973,000,000				-254,500,000	-460,000,000	-695,000,000	-133,500,000	-262,500,000	-265,000,000	-739,500,000	-2,000,000	-206,500,000	-221,000,000	-172,500,000	-600,000,000	-1,191,000,000	-230,500,000	-397,500,000
cash paid to repurchase senior notes, including premium																											-18,000
non-cash loss on extinguishment of debt																																							0	0
abandonment and impairment of unproved properties																								6,337,000	12,417,000	6,338,000	23,274,000	9,055,000	11,935,000	5,625,000	12,115,000	0			74,450,000	3,568,000	38,000	2,311,000	54,597,000	6,600,000	5,819,000	11,627,000	57,151,000	15,522,000			37,646,000	3,818,000			5,046,000	447,000	10,707,000	142,000	3,051,000	25,153,000	4,761,000	11,631,000	3,902,000	2,056,000	1,008,000	1,186,000
impairment of proved properties																															0	0			76,780,000	8,049,000	0	269,785,000	344,249,000	55,990,000	12,914,000	55,526,000					110,935,000	5,935,000			170,400,000	0			170,512,000	21,630,000	91,000	6,043,000	147,049,000			1,289,000
accrued derivative settlements																														-3,579,000	6,538,000	6,563,000	-3,355,000	2,838,000	14,889,000	5,534,000	9,799,000	4,318,000
net proceeds from senior convertible notes																																			-64,000
cash paid for capped call transactions																																			-86,000
cash paid for extinguishment of debt
exploratory dry hole expense																																			0	8,000	-5,000	-19,000	13,752,000	-36,000	6,621,000	16,275,000	21,583,000	16,385,000			-32,000	-8,000	5,727,000	159,000	2,310,000	10,353,000	7,592,000	606,000	228,000	2,961,000	182,000	4,573,000	94,000	5,916,000	690,000	246,000
impairment of other property and equipment
plugging and abandonment																															-640,000	-486,000	-418,000	-1,191,000	-992,000	-2,506,000	-2,112,000	-604,000	-1,956,000	-2,154,000	-961,000	-2,425,000	-2,603,000	-2,974,000	-1,894,000	-1,325,000	-2,493,000	-3,707,000			-1,052,000	-288,000			-2,914,000	-14,286,000
non-cash (gain) loss on extinguishment of debt																																0	0	22,000	0	0
acquisition deposit held in escrow
net change in cash and cash equivalents																																-118,106,000	-99,626,000	649,775,000	-971,294,000			33,000	-179,000	115,000	60,000	-98,000	-149,000	-163,525,000	-72,641,000	-45,813,000	282,072,000	0	89,000	-5,839,000	5,742,000	0	-102,000	-118,908,000	89,271,000	-9,868,000	10,128,000	8,178,000	-3,920,000	29,408,000	-35,999,000	46,137,000
cash and cash equivalents at beginning of period																																0	0	9,372,000	0	0	0	18,000	0	0	0	120,000	0	0	0	282,248,000	0	0	0	5,926,000	0	0	0	119,194,000	0	0	0	0	6,131,000	0	43,510,000	14,925,000
cash and cash equivalents at end of period																																-118,106,000	-99,626,000	659,147,000	-971,294,000	980,648,000	-33,000	51,000	-179,000	115,000	60,000	22,000	-149,000	-163,525,000	-72,641,000	236,435,000	282,072,000	0	89,000	87,000	5,742,000	0	-102,000	286,000	89,271,000	-9,868,000	10,128,000	8,178,000	2,211,000	29,408,000	7,511,000	61,062,000
net income on divestiture activity																																						69,021,000
amortization of discount and deferred financing costs																																		4,946,000	4,251,000
change in net profits plan liability																																			-751,000	-8,314,000	3,125,000	-1,260,000	-6,351,000	-4,364,000	-4,476,000	-4,334,000	-14,569,000	-6,399,000	-7,105,000	-1,776,000	-15,419,000	940,000	-5,438,000	-1,925,000	-11,562,000	798,000	-22,079,000	3,939,000	-758,000	6,963,000	6,804,000	2,449,000	-23,291,000	68,142,000	13,626,000	7,021,000
derivative (gain) loss																																				-28,037,000				-212,253,000	80,929,000	-154,167,000
proceeds from sale of common stock																																							1,687,000	0			1,979,000	408,000			2,408,000	798,000	2,880,000	772,000	2,395,000	533,000	1,850,000	1,038,000	1,734,000	1,931,000	113,000	894,000	172,000	10,356,000	328,000
derivative gain																																						-14,228,000									11,605,000
refundable income taxes																																						5,085,000									-1,776,000	-138,000	397,000	251,000	-122,000	-639,000	-28,000	3,006,000	-5,581,000	-29,952,000	-2,821,000	0	13,161,000	-9,854,000	933,000
repayment of senior notes																																							0	0
derivative cash settlements																																								105,688,000	131,486,000	160,133,000
net proceeds from sale of oil and gas properties																																									313,415,000	21,573,000	1,990,000	-4,953,000	44,842,000	1,979,000	404,351,000	155,000	16,036,000	4,307,000	6,712,000	33,253,000	13,731,000	1,679,000	39,469,000
(gain) loss on divestiture activity																																										35,802,000				-2,958,000					-4,228,000	8,532,000
repayment of 3.50% senior convertible notes																																																			0
derivative cash settlement gain																																												-274,000	-33,680,000	-28,940,000	9,347,000
deferred financing costs related to credit facility																																																0
net proceeds from 2024 notes
gain on divestiture activity																																																						-1,462,000	24,986,000
impairment of properties																																														2,801,000				21,521,000
derivative loss																																														97,662,000
receipts from restricted cash related to 1031 exchange
loss on divestiture activity
net proceeds from 5.0% senior notes due 2024																																																-546,000
net proceeds from 6.50% senior notes due 2023																																																			-85,000	-113,000
unrealized derivative gain
unrealized derivative loss																																																		42,364,000				7,652,000					1,846,000	-1,186,000	6,417,000	470,000
unrealized derivative (gain) loss
excess income tax benefit from the exercise of stock awards
acquisition of oil and gas properties																																																			-169,000	-292,000				-18,000	-14,000	9,000	-53,000	-9,896,000	-53,031,000
net proceeds from 6.625% senior notes due 2019
net proceeds from 6.50% senior notes due 2021
repayment of 3.50% convertible notes
net proceeds from 6.625% senior notes																																																							0
impairment of materials inventory																																																								774,000	2,114,000	2,719,000	8,616,000
bad debt recovery
loss related to hurricanes																																																								28,000	1,153,000	5,027,000	2,093,000
proceeds from insurance settlement																																																								1,453,000
net proceeds from 6.50% senior notes
deposits to restricted cash
impairment of goodwill
bad debt expense
loss on insurance settlement
receipts from (deposits to) restricted cash
excess income tax benefit from the exercise of stock options
receipts from restricted cash																																																								0	0	10,050,000	4,348,000
receipts from short-term investments																																																								0
proceeds from sale of oil and gas properties																																																								38,761,000	56,000	18,000	1,063,000	24,197,000	130,400,000
adjustments to reconcile net income to net cash
provided by operating activities:
(gain) loss on divestiture activities																																																								-22,076,000
depletion, depreciation, amortization,
and asset retirement obligation liability accretion																																																								75,140,000	66,958,000	70,391,000	91,712,000	76,354,000	70,354,000
stock-based compensation expense*																																																								5,787,000	5,469,000	3,733,000	3,776,000
(gain) loss on insurance settlement
excess income tax benefit associated with stock awards
deposits to short-term investments
repayment of short-term note payable
proceeds from issuance of senior convertible debt, net of
deferred financing cost
* stock-based compensation expense is a component of exploration expense and general and administrative expense on
the consolidated statements of operations. for the years ended december 31, 2009, 2008, and 2007, respectively,
6.3 million, 5.8 million, and 3.2 million of stock-based compensation expense was included in exploration expense.
for the years ended december 31, 2009, 2008, and 2007, respectively, 12.5 million, 9.0 million, and 6.9 million of
stock-based compensation expense was included in general and administrative expense.
reconciliation of net income to net cash provided
by operating activities:
the consolidated statements of operations. for the nine months ended september 30, 2009, and 2008, respectively,
approximately 4.4 million and 3.8 million of stock-based compensation expense was included in exploration expense.
for the nine months ended september 30, 2009, and 2008, respectively, approximately 8.6 million and 6.7 million of
gain on sale of proved properties																																																												-3,038,000	-56,017,000
* stock-based compensation expense is a component of exploration expense and general and
administrative expense on the consolidated statements of operations. for the six months ended june 30, 2009,
and 2008, respectively, approximately 2.9 million and 2.2 million of stock-based compensation
expense was included in exploration expense. for the six months ended june 30, 2009, and 2008,
respectively, approximately 4.6 million and 4.9 million of stock-based compensation expense was
included in general and administrative expense.
(gain) loss on sale of proved properties																																																											599,000
amortization of debt discount																																																											2,092,000
the consolidated statements of operations. for the three months ended march 31, 2009, and 2008, respectively,
approximately 1.6 million and 1.1 million of stock-based compensation expense was included in exploration expense. for
both the three months ended march 31, 2009, and 2008, approximately 2.2 million of stock-based compensation expense
was included in general and administrative expense.
net proceeds from issuance of senior convertible debt
* stock-based compensation expense is a component of exploration expense and general and administrative expense
on the consolidated statements of operations. during 2008, 2007, and 2006, respectively, approximately 5.8 million,
3.2 million, and 3.1 million of stock-based compensation expense was included in exploration expense.
during 2008, 2007, and 2006, respectively, approximately 9.0 million, 6.9 million, and 8.3 million of stock-based
compensation expense was included in general and administrative expense.
excess tax benefit from the exercise of stock options
deposits for acquisition of oil and gas assets
on the consolidated statements of operations. during the periods ended september 30, 2008, and 2007, respectively,
approximately 3.8 million and 2.6 million of stock-based compensation expense was included in exploration expense.
during the periods ended september 30, 2008, and 2007, respectively, approximately 6.7 million and 6.0 million of
hedge margin deposit
income tax benefit from the exercise of stock options																																																												-8,705,000	-860,000
on the consolidated statements of operations. during the periods ended june 30, 2008, and 2007, respectively,
approximately 2.2 million and 1.9 million of stock-based compensation expense was included in exploration expense.
during the periods ended june 30, 2008, and 2007, respectively, approximately 4.9 million and 4.4 million of
stock-based compensation expense is a component of exploration expense and general and administrative expense
on the consolidated statements of operations. during the periods ended march 31, 2008, and 2007, respectively,
1.1 million and 1.0 million of stock-based compensation expense was included in exploration expense.
during the periods ended march 31, 2008, and 2007, respectively, 2.2 million and 1.9 million of stock-based
gain on insurance settlement
income tax benefit from the exercise of stock options**
proceeds from short-term note payable
deferred financing costs
* stock-based compensation expense is a component of exploration expense and general and administrative expense on the
consolidated statements of operations. during 2007, 2006, and 2005, respectively, approximately 3.2 million, 3.1 million, and
3.3 million, of stock-based compensation expense was included in exploration expense. during 2007, 2006, and 2005, repectively,
approximately 6.9 million, 8.3 million, and 3.9 million of stock-based compensation expense was included in general and administrative
expense.
** sfas 123(r) requires presentation of the income tax benefit from the exercise of stock options to be presented in financing
activities subsequent to adoption. the prior period classification is to remain unchanged under sfas 123(r).
deposits to short-term investments available-for-sale
receipts from short-term investments available-for-sale
proceeds from issuance of senior convertible debt - net
reconciliation of net income to net cash from operating activities:
proceeds from issuance of convertible debt
adjustments to reconcile net income to net cashprovided by operating
activities:
depletion, depreciation, amortization, and abandonment liability accretion																																																														34,391,000
income tax benefit from the exercise of stock options*
depletion, depreciation, amortization, and asset retirement obligation accretion
abandonment and impairment of oil and gas properties
dividends
proceeds from sale of common stock for exercise of stock options																																																														2,043,000
adjustments to reconcile net income to net
cash from operating activities:
depletion, depreciation, amortization
and abandonment liability accretion
deferred and accrued stock-based compensation
acquisition of oil and gas properties, net of cash received

We provide you with 20 years of cash flow statements for SM Energy stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of SM Energy stock. Explore the full financial landscape of SM Energy stock with our expertly curated income statements.

The information provided in this report about SM Energy stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.