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NiSource (NI) Cash Flow Waterfall

Trace NiSource's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$2.12B

Capex

−$2.95B

Free Cash Flow

−$832.00M

FCF Margin

-39.3%

Cash flow waterfall for NiSource (NI) — TTM through Q1 2026

Free cash flow: −$832.00M

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for NiSource (NI) — TTM through Q1 2026

  • Operating Cash Flow$2.12B
  • Capital Expenditure−$2.95B
  • Free Cash Flow−$832.00M
  • Acquisitions$130.60M
  • Other Investing−$1.09B
  • Dividends Paid−$547.40M
  • Net Debt Change$1.84B
  • Other Financing & FX$297.00M
  • Net Cash Decrease−$206.60M
Want to see what drove the FCF change?Free Cash Flow Bridge

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