Black Hills Corporation (BKH)

Black Hills Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Net Income	262.2	258.4	236.7	227.61	199.31
Depreciation & Amortization	256.8	250.9	236	224.46	209.12
Share-Based Compensation	7	8.6	9.7	5.37	12.1
Other Operating Activities	418.4	66.9	-547	84.43	84.99
Operating Cash Flow	944.4	584.8	-64.6	541.86	505.51
Operating Cash Flow Growth	61.49%	-	-	7.19%	3.42%
Capital Expenditures	-555.6	-604.4	-677.5	-767.4	-818.38
Other Investing Activities	18.9	0.5	13.3	5.74	2.17
Investing Cash Flow	-536.7	-603.9	-664.2	-761.66	-816.21
Dividends Paid	-168.1	-156.7	-145	-135.44	-124.65
Share Issuance / Repurchase	118.3	90.1	119	99.28	101.36
Debt Issued / Paid	-260.6	115.4	777.7	275.94	358.14
Other Financing Activities	-31.3	-16.5	-19.8	-22.9	-34.64
Financing Cash Flow	-341.7	32.3	731.9	216.88	300.21
Net Cash Flow	66	13.2	3.1	-2.92	-10.49
Free Cash Flow	388.8	-19.6	-742.1	-225.54	-312.86
Free Cash Flow Margin	16.68%	-0.77%	-38.07%	-13.29%	-18.03%
Free Cash Flow Per Share	5.80	-0.30	-11.74	-3.62	-5.16

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).