NiSource Inc.NI
NYSE•Utilities•Utilities - Regulated Gas
Understand cash generation quality and how management allocates capital.
Free cash flow was $-362.90M in the latest quarter (839.1% decrease YoY). FCF margin is -5.4%. Shares outstanding increased by 1.8% year-over-year, indicating dilution (potentially from stock compensation or capital raises). Free cash flow is the lifeblood of a business — it funds dividends, buybacks, debt reduction, and reinvestment without relying on external capital.
Free cash flow, earnings quality, and capital allocation