Black Hills Cash Flow Statement
NYSE: BKHUtilitiesElectric Utilities: CentralUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Black Hills free cash flow
In fiscal 2025, Black Hills generated $673.4 million of operating cash flow and spent $819.8 million on capital expenditures. That left free cash flow of -$146.4 million, a free-cash-flow margin of -6.3% of revenue. Black Hills returned $197.9 million to shareholders through dividends.
Summary generated from market data by MetaCap's automated system. Methodology
Black Hills cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 299.80M | 283.70M | 276.00M | 270.80M | 251.20M | 242.76M | 213.32M | 272.66M | 191.28M | 82.63M |
| Net Income growth (YoY) | +5.68% | +2.79% | +1.92% | +7.80% | +3.48% | +13.80% | -21.76% | +42.55% | +131.48% | — |
| Depreciation & Amortization | 283.80M | 270.10M | 256.80M | 250.90M | 236.00M | 224.46M | 209.12M | 196.33M | 188.25M | 175.53M |
| Stock-Based Compensation | 11.80M | 10.60M | 7.00M | 8.60M | 9.70M | 5.37M | 12.10M | 12.39M | 7.63M | 10.88M |
| Change in Working Capital | -17.80M | 13.20M | 51.40M | -75.40M | -35.70M | 2.75M | 2.05M | -2.92M | -10.09M | 1.21M |
| Operating Cash Flow | 673.40M | 719.30M | 944.40M | 584.80M | -64.60M | 541.86M | 505.51M | 488.81M | 428.26M | 320.48M |
| Capital Expenditures | -819.80M | -744.20M | -555.60M | -604.40M | -677.50M | -767.40M | -818.38M | -457.52M | -326.01M | -454.95M |
| Investing Cash Flow | -828.20M | -746.00M | -536.70M | -603.90M | -664.20M | -761.66M | -816.21M | -465.85M | -317.12M | -1.59B |
| Dividends Paid | -197.90M | -182.30M | -168.10M | -156.70M | -145.00M | -135.44M | -124.65M | -106.59M | -96.74M | -87.57M |
| Debt Issued | 450.00M | 450.00M | 800.00M | 0 | 600.00M | 400.00M | 1.10B | 700.00M | 0 | 1.77B |
| Debt Repaid | 0 | -600.00M | -525.00M | 0 | -8.40M | -8.60M | -905.74M | -854.74M | -105.74M | -1.16B |
| Financing Cash Flow | 321.80M | -42.90M | -341.70M | 32.30M | 731.90M | 216.88M | 300.21M | -17.06M | -108.69M | 841.00M |
| Net Change in Cash | 167.00M | -69.60M | 66.00M | 13.20M | 3.10M | -2.92M | -10.49M | 5.91M | 1.90M | -427.26M |
| Free Cash Flow | -146.40M | -24.90M | 388.80M | -19.60M | -742.10M | -225.54M | -312.86M | 31.29M | 102.25M | -134.47M |
This table shows 10 annual periods of Black Hills's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow BKH's reporting calendar. What is a cash flow statement?