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 Entergy (ETR) spend its free cash flow?

For TTM through Q1 2026, Entergy generated $5.44B of operating cash flow and -$3B of free cash flow — a free cash flow margin of -55.1% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Entergy (ETR) return via buybacks and dividends?

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

Entergy (ETR) Cash Flow Waterfall

Operating CF

$5.44B

Capex

-$8.44B

Free Cash Flow

-$3B

FCF Margin

-55.1%

Cash flow waterfall for Entergy (ETR) — TTM through Q1 2026

Free cash flow: -$3B

Cash flow breakdown for Entergy (ETR) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$5.44B	$5.44B
Capital Expenditure	-$8.44B	-$3B
Free Cash Flow	-$3B	-$3B
Acquisitions	$352M	-$2.65B
Other Investing	$271M	-$2.38B
Dividends Paid	-$1.13B	-$3.5B
Net Debt Change	$3.1B	-$408M
Other Financing	$2.47B	$2.06B
Forex Effect	-$4.33B	-$2.27B
Net Cash Decrease	-$2.27B	-$2.27B

Operating Cash Flow$5.44B
Capital Expenditure-$8.44B
Free Cash Flow-$3B
Acquisitions$352M
Other Investing$271M
Dividends Paid-$1.13B
Net Debt Change$3.1B
Other Financing$2.47B
Forex Effect-$4.33B
Net Cash Decrease-$2.27B

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

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