Companhia Energética de Minas Gerais - CEMIG (CIG.C) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Companhia Energética de Minas Gerais - CEMIG generated BRL 4.08B of operating cash flow and spent BRL 1.08B on capital expenditures. That left free cash flow of BRL 3.00B, down 34.5% from BRL 4.58B a year earlier, or 7.0% of revenue. It paid BRL 3.97B in dividends.

Companhia Energética de Minas Gerais - CEMIG Cash Flow Statement Analysis

Values in billions BRL

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Companhia Energética de Minas Gerais - CEMIG (CIG.C) - Annual data in billions BRL
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Operating Activities
Net Income	4.90	7.12	5.76	4.09	3.75	2.86
Depreciation & Amortization	1.53	1.38	1.27	1.18	1.05	-
Deferred Income Tax	0.56	1.73	-0.83	-2.33	-1.53	-
Change in Working Capital	-0.58	0.45	1.65	3.07	2.72	5.64
Change in Accounts Receivable	-0.42	-0.55	-0.84	-0.44	-0.09	-0.08
Change in Accounts Payable	0.37	0.62	0.18	0.83	1.54	0.28
Change in Other Working Capital	-0.93	-2.87	1.52	0.70	-1.84	4.15
Other Operating Activities	-0.93	-2.87	-0.34	0.70	-1.84	0.04
Net Cash from Operating Activities	4.08	5.50	6.64	6.54	3.69	8.61
Investing Activities
Capital Expenditures	-1.08	-0.92	-1.08	-0.29	-0.23	-0.13
Acquisitions	0.00	0.00	-0.04	-0.05	-0.06	0.03
Purchases of Investments	-17.32	-16.63	1.76	-14.15	3.36	-3.49
Sales/Maturities of Investments	17.08	16.92	-3.87	14.42	2.05	-1.40
Net Cash from Investing Activities	-6.66	-2.38	-3.97	-3.14	1.37	-5.08
Financing Activities
Debt Repayment	-2.78	-3.05	-2.75	-2.68	-4.51	-
Dividends Paid	-3.97	-4.29	-1.82	-2.09	-1.42	-0.60
Other Financing Activities	-0.08	-0.07	-0.07	-0.07	-0.07	-
Net Cash from Financing Activities	2.59	-2.76	-2.58	-2.79	-5.91	-2.39
Summary
Net Change in Cash	0.00	0.36	0.10	0.62	-0.86	1.14
Cash at Beginning of Period	1.90	1.54	1.44	0.83	1.68	-
Cash at End of Period	1.90	1.90	1.54	1.44	0.83	-
Free Cash Flow	3.00	4.58	5.57	6.25	3.45	8.48
Supplemental Disclosures
Interest Paid	0.01	0.01	1.03	1.01	1.59	1.09
Income Taxes Paid	0.74	1.14	0.60	0.70	0.50	0.24

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Companhia Energética de Minas Gerais - CEMIG Cash Flow

What is Companhia Energética de Minas Gerais - CEMIG's free cash flow?

Companhia Energética de Minas Gerais - CEMIG generated free cash flow of BRL 3.00B in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of BRL 4.08B minus BRL 1.08B of capital expenditures. That was down 34.5% from BRL 4.58B a year earlier. Free cash flow equaled 7.0% of revenue.

How much does Companhia Energética de Minas Gerais - CEMIG spend on capital expenditures?

Companhia Energética de Minas Gerais - CEMIG spent BRL 1.08B on capital expenditures in fiscal 2025, compared with BRL 919.00M a year earlier. That equals 26.4% of operating cash flow.

Does Companhia Energética de Minas Gerais - CEMIG pay dividends or buy back shares?

Yes. In fiscal 2025 Companhia Energética de Minas Gerais - CEMIG returned BRL 3.97B in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition