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 Evergy (EVRG) spend its free cash flow?

For TTM through Q1 2026, Evergy generated $1.96B of operating cash flow and -$1.1B of free cash flow — a free cash flow margin of -56.1% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Evergy (EVRG) return via buybacks and dividends?

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

Evergy (EVRG) Cash Flow Waterfall

Operating CF

$1.96B

Capex

-$3.06B

Free Cash Flow

-$1.1B

FCF Margin

-56.1%

Cash flow waterfall for Evergy (EVRG) — TTM through Q1 2026

Free cash flow: -$1.1B

Cash flow breakdown for Evergy (EVRG) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$1.96B	$1.96B
Capital Expenditure	-$3.06B	-$1.1B
Free Cash Flow	-$1.1B	-$1.1B
Other Investing	$328M	-$770M
Dividends Paid	-$617M	-$1.39B
Net Debt Change	$1.36B	-$23.6M
Other Financing & FX	$5.1M	-$18.5M
Net Cash Decrease	-$18.5M	-$18.5M

Operating Cash Flow$1.96B
Capital Expenditure-$3.06B
Free Cash Flow-$1.1B
Other Investing$328M
Dividends Paid-$617M
Net Debt Change$1.36B
Other Financing & FX$5.1M
Net Cash Decrease-$18.5M

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

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