What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Dominion Energy (D) spend its free cash flow?

For TTM through Q1 2026, Dominion Energy generated $5.06B of operating cash flow and -$7.39B of free cash flow — a free cash flow margin of -146% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Dominion Energy (D) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Dominion Energy's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Dominion Energy (D) Cash Flow Waterfall

Operating CF

$5.06B

Capex

-$12.5B

Free Cash Flow

-$7.39B

FCF Margin

-146.0%

Cash flow waterfall for Dominion Energy (D) — TTM through Q1 2026

Free cash flow: -$7.39B

Cash flow breakdown for Dominion Energy (D) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$5.06B	$5.06B
Capital Expenditure	-$12.5B	-$7.39B
Free Cash Flow	-$7.39B	-$7.39B
Other Investing	-$384M	-$7.77B
Dividends Paid	-$2.3B	-$10.1B
Net Debt Change	$7.43B	-$2.64B
Other Financing & FX	$2.65B	$10M
Net Cash Increase	$10M	$10M

Operating Cash Flow$5.06B
Capital Expenditure-$12.5B
Free Cash Flow-$7.39B
Other Investing-$384M
Dividends Paid-$2.3B
Net Debt Change$7.43B
Other Financing & FX$2.65B
Net Cash Increase$10M

Want to see what drove the FCF change?Free Cash Flow Bridge

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