Black Hills Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	308.1	299.8	283.7	276	270.8	251.2
Depreciation & Amortization	294.9	283.8	270.1	256.8	250.9	236
Stock-Based Compensation	12.5	11.8	10.6	7	8.6	9.7
Other Adjustments	73.7	76.5	69.8	49.7	36.2	30.9
Change in Receivables	-1.6	-45	-25.7	204.5	-184.5	-43.2
Changes in Inventories	-11.9	-17.8	13.2	51.4	-75.4	-35.7
Changes in Accounts Payable	-28.1	24	28.8	-109.9	89.4	10.6
Changes in Other Operating Activities	-13.1	40.3	68.8	208.9	188.8	-524.1
Operating Cash Flow	628.3	673.4	719.3	944.4	584.8	-64.6
Operating Cash Flow Growth	-6.46%	-6.38%	-23.84%	61.49%	-	-
Capital Expenditures	-933.5	-819.8	-744.2	-555.6	-604.4	-677.5
Other Investing Activities	-10.6	-8.4	-1.8	18.9	0.5	13.3
Investing Cash Flow	-944.1	-828.2	-746	-536.7	-603.9	-664.2
Long-Term Debt Issued	-	450	450	800	-	1,400
Long-Term Debt Repaid	-300	-	-600	-525	-	-808.4
Net Long-Term Debt Issued (Repaid)	-300	450	-150	275	-	591.6
Issuance of Common Stock	204.3	219.2	101.4	118.3	90.1	119
Net Common Stock Issued (Repurchased)	204.3	219.2	101.4	118.3	90.1	119
Common Dividends Paid	-206.9	-197.9	-182.3	-168.1	-156.7	-145
Other Financing Activities	-52.9	-149.5	108	-566.9	98.9	166.3
Financing Cash Flow	379.5	321.8	-42.9	-341.7	32.3	731.9
Net Cash Flow	63.7	167	-69.6	66	13.2	3.1
Free Cash Flow	-305.2	-146.4	-24.9	388.8	-19.6	-742.1
Free Cash Flow Growth	-	-	-	-	-	-
FCF Margin	-70.94%	-6.34%	-1.17%	16.68%	-0.77%	-38.07%
Free Cash Flow Per Share	-4.07	-2.01	-0.36	5.79	-0.35	-11.72
Levered Free Cash Flow	-692.6	252.1	-240.2	388.8	107.7	-162.4
Unlevered Free Cash Flow	-150.81	-20.38	82.73	284.18	265.75	-592.71

SEC Filings: 10-K · 10-Q