National Grid reported cash from operations of $4.89B and free cash flow of $10.89B for the quarter ended Sep 2025, up 44.2% year over year. This cash flow statement covers 30 quarters of results from Mar 2009 through Sep 2025, standardized by Business Quant from the company’s SEC filings.
| Cash Flow Statement | Mar2009 | Sep2009 | Mar2010 | Dec2010 | Mar2011 | Dec2011 | Mar2012 | Sep2012 | Mar2013 | Sep2013 | Mar2014 | Sep2014 | Mar2015 | Sep2015 | Dec2015 | Mar2016 | Sep2016 | Dec2016 | May2017 | Sep2017 | Dec2022 | May2023 | Sep2023 | Dec2023 | May2024 | Sep2024 | Dec2024 | Mar2025 | May2025 | Sep2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | -0.39B | -0.75B | 0.16B | 0.23B | -1.11B | 1.02B | 1.19B | 6.89B | 1.81B | 5.25B | 0.99B | 1.11B | ||||||||||||||||||
| Share-based CompensationStock Comp. | 0.01B | 0.02B | 0.02B | 0.03B | 0.02B | 0.02B | 0.02B | |||||||||||||||||||||||
| Cash from Discontinued OperationsCash from Discont. Ops | 0.48B | -0.16B | 0.77B | -0.01B | 0.13B | 0.13B | 0.03B | |||||||||||||||||||||||
| Gains from Sales and DivestituresGains Divest | 0.01B | 0.01B | ||||||||||||||||||||||||||||
| Gains from Investment SecuritiesGains Investment | 0.07B | 0.04B | 0.15B | 0.13B | ||||||||||||||||||||||||||
| Change in Working CapitalChange Working Cap. | 0.20B | -0.17B | ||||||||||||||||||||||||||||
| Change in TaxesChange Taxes | -0.16B | -0.21B | -0.23B | -0.35B | -0.11B | -0.25B | -0.11B | -0.43B | -0.10B | -0.44B | -0.23B | -0.24B | -0.02B | |||||||||||||||||
| Other Working Capital ChangesOther WC Changes | -0.05B | 0.57B | 0.13B | 0.20B | -0.01B | 0.35B | 0.57B | -0.06B | 0.13B | 1.23B | ||||||||||||||||||||
| Cash from OperationsCash from Ops. | 1.26B | 3.89B | 2.39B | 2.67B | 3.60B | 3.39B | 4.89B | |||||||||||||||||||||||
| Depreciation, Depletion & Amortization | ||||||||||||||||||||||||||||||
| Depreciation & Amortization (CF)Dep. & Amort. | 0.45B | 1.23B | 0.97B | -0.50B | -0.52B | 0.99B | 1.29B | 1.37B | 2.74B | 1.49B | ||||||||||||||||||||
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital ExpendituresCapex | -0.45B | -2.69B | -2.13B | -2.29B | -4.04B | -5.18B | -6.00B | |||||||||||||||||||||||
| Sales of Property, Plant and EquipmentPP&E (Sale) | 0.02B | 0.00B | 0.00B | 0.00B | 0.02B | 0.01B | 0.01B | |||||||||||||||||||||||
| Change in IntangiblesChange Intangibless | -0.06B | -0.18B | -0.11B | -0.09B | -0.34B | -0.32B | -0.35B | |||||||||||||||||||||||
| Divestments | 0.04B | 0.05B | -0.42B | 0.02B | 0.89B | 2.00B | ||||||||||||||||||||||||
| Change in Acquisitions & DivestmentsChange Acquisitions | -0.32B | 0.84B | -0.19B | 7.93B | 1.11B | -3.89B | 3.45B | |||||||||||||||||||||||
| Cash from Investing ActivitiesCash from Investing | -0.80B | -2.08B | -2.41B | 5.46B | -3.03B | -8.34B | -0.72B | |||||||||||||||||||||||
| Financing Activities | ||||||||||||||||||||||||||||||
| Other financing activitiesOther financing | 0.18B | 0.44B | 1.02B | -0.30B | ||||||||||||||||||||||||||
| Cash from Financing ActivitiesCash from Financing | -0.46B | -1.82B | -1.02B | -9.11B | -0.49B | 5.95B | -4.59B | |||||||||||||||||||||||
| Change in Capital Stock | ||||||||||||||||||||||||||||||
| Net Shares Issued and RepurchasedNet Shares Issued | 0.03B | 0.03B | ||||||||||||||||||||||||||||
| Dividend Payments | ||||||||||||||||||||||||||||||
| Dividends Paid - CommonDiv. Paid (Common) | -1.24B | -1.24B | -1.27B | -5.35B | -1.08B | -1.98B | -1.67B | -1.99B | -2.17B | -1.05B | -2.21B | -1.99B | -1.21B | |||||||||||||||||
| Additional items | ||||||||||||||||||||||||||||||
| Exchange Rate EffectFX Effect | 0.01B | -0.00B | 0.02B | -0.00B | 0.00B | -0.08B | -0.01B | |||||||||||||||||||||||
| Change in Cash | -0.01B | -0.01B | 0.03B | -1.42B | -0.04B | 0.08B | -0.04B | 1.04B | -0.43B | |||||||||||||||||||||
| Free Cash FlowFCF | 1.71B | 6.58B | 4.52B | 4.96B | 7.64B | 8.57B | 10.89B | |||||||||||||||||||||||
| Net Cash FlowNCF | -0.01B | -0.01B | -1.04B | -0.98B | 0.08B | 1.01B | -0.43B |