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Black Hills Corp
NYSE:BKH

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Black Hills Corp Logo
Black Hills Corp
NYSE:BKH
Watchlist
Price: 73.91 USD 0.96% Market Closed
Market Cap: $5.6B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+15%
5Y
+22%
10Y
+49%
Investing Cash Flow
+
3Y
-19%
5Y
-2%
10Y
-58%
Financing Cash Flow
+
3Y
+64%
5Y
-42%
10Y
+89%

Cash Flow Statement
Black Hills Corp

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Cash Flow Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
88
70
49
50
61
61
64
69
62
58
53
47
61
67
71
30
33
44
34
87
81
87
108
96
99
84
81
228
105
115
117
(50)
82
87
53
68
69
64
81
58
50
53
31
76
102
95
139
128
117
123
113
117
131
116
54
17
(32)
(26)
17
41
83
123
147
165
191
248
247
237
273
244
236
231
213
203
210
235
243
246
250
257
251
272
279
269
271
267
258
269
276
290
288
266
284
289
293
292
Depreciation & Amortization
48
52
58
57
64
67
69
76
67
70
64
63
74
72
77
81
88
89
91
93
68
70
59
54
72
68
78
89
107
121
130
129
121
116
117
117
127
130
132
135
136
142
151
160
146
151
145
139
137
138
139
139
145
149
153
154
127
132
139
150
176
178
177
176
188
190
192
194
196
199
202
205
209
215
220
224
225
225
227
230
236
239
245
250
251
252
253
254
257
261
263
267
270
273
277
279
Change in Deffered Taxes
16
18
20
46
34
37
39
(39)
(5)
(4)
(4)
57
28
30
27
(10)
(9)
(9)
(6)
41
33
42
30
11
31
26
38
98
2
(12)
(13)
(69)
46
55
40
73
17
40
53
6
34
26
15
41
52
42
65
66
65
71
65
59
70
59
28
1
75
93
114
134
83
91
103
110
81
14
7
1
(24)
21
19
15
38
40
43
42
38
16
12
15
7
22
21
18
26
26
21
26
25
27
53
49
52
69
53
53
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
6
0
0
0
3
3
3
4
4
5
5
5
6
7
7
8
6
5
6
7
8
10
12
11
13
13
13
10
9
8
6
5
4
6
8
10
11
10
10
9
8
7
6
8
12
13
14
13
12
9
6
6
5
8
9
10
10
10
8
9
9
7
9
6
7
8
8
11
11
11
11
10
Other Non-Cash Items
3
3
7
1
(5)
(3)
(10)
106
123
122
128
23
11
20
23
66
72
36
36
(14)
35
32
23
36
33
47
38
(150)
50
4
(10)
178
(39)
(46)
9
8
19
26
15
52
60
77
106
44
40
46
(4)
16
21
24
29
36
41
64
160
217
285
268
202
124
64
53
30
61
58
61
67
56
42
43
41
58
69
67
64
49
44
46
47
32
33
32
9
19
19
11
27
26
31
35
36
42
28
31
34
32
Cash Taxes Paid
40
35
6
6
(31)
(32)
(29)
(26)
59
40
37
34
(22)
(4)
(5)
(1)
13
17
27
23
(3)
0
(8)
(8)
14
9
9
10
33
7
7
7
(17)
7
7
7
(9)
(9)
1
(22)
(10)
(8)
(20)
2
3
6
8
8
5
(0)
(0)
0
0
0
1
1
1
1
1
1
1
1
0
0
(2)
13
13
13
15
0
2
(2)
(5)
(5)
(5)
(4)
(2)
(3)
(3)
(2)
2
3
1
4
1
1
0
0
(1)
0
(16)
(16)
(14)
(30)
(14)
(13)
Cash Interest Paid
40
37
40
42
41
48
48
57
52
47
52
40
50
52
48
46
48
47
48
52
49
47
43
44
45
43
43
44
56
59
79
77
69
69
54
82
102
103
124
100
103
108
109
112
117
113
105
104
108
107
99
97
69
69
72
73
79
83
89
112
114
135
131
133
132
133
134
134
138
132
139
133
132
123
132
120
137
136
141
142
143
145
144
148
153
157
155
163
157
163
171
171
174
190
186
197
Change in Working Capital
10
(18)
(30)
(25)
59
46
77
127
(76)
(22)
(97)
(173)
(37)
(27)
21
27
(10)
(22)
(14)
9
44
48
20
95
21
(7)
(22)
(134)
(119)
65
126
149
62
(52)
(50)
(140)
(84)
(90)
(96)
(22)
(55)
(90)
(85)
(35)
(23)
(4)
(7)
(50)
(17)
(42)
(44)
(39)
(71)
(19)
1
55
(30)
(60)
(78)
(182)
(84)
(111)
(97)
(80)
(90)
(61)
(37)
(0)
3
(11)
(30)
(12)
(24)
(4)
(12)
(12)
(7)
(570)
(554)
(557)
(592)
21
74
19
18
93
190
273
355
236
164
131
85
52
15
3
Cash from Operating Activities
164
N/A
124
-24%
105
-16%
128
+23%
213
+66%
208
-2%
239
+15%
339
+42%
171
-50%
224
+31%
144
-36%
17
-88%
137
+697%
161
+18%
219
+36%
193
-12%
175
-9%
138
-21%
141
+2%
215
+52%
260
+21%
280
+7%
239
-15%
292
+22%
256
-12%
217
-15%
213
-2%
131
-38%
146
+11%
292
+101%
351
+20%
336
-4%
271
-20%
159
-41%
168
+6%
125
-25%
148
+18%
170
+15%
186
+9%
229
+23%
224
-2%
209
-7%
218
+5%
287
+31%
317
+10%
330
+4%
338
+2%
299
-11%
325
+9%
314
-3%
301
-4%
312
+4%
315
+1%
369
+17%
396
+7%
442
+12%
424
-4%
406
-4%
393
-3%
268
-32%
321
+20%
334
+4%
361
+8%
431
+19%
428
-1%
451
+5%
476
+5%
488
+2%
489
+0%
495
+1%
468
-5%
496
+6%
506
+2%
522
+3%
525
+1%
539
+3%
542
+1%
(36)
N/A
(17)
+52%
(22)
-29%
(65)
-188%
586
N/A
628
+7%
575
-8%
585
+2%
649
+11%
748
+15%
847
+13%
944
+12%
849
-10%
803
-5%
754
-6%
719
-5%
714
-1%
672
-6%
659
-2%
Investing Cash Flow
Capital Expenditures
(374)
(403)
(248)
(57)
(232)
(200)
(169)
(135)
(83)
(71)
(70)
(64)
(83)
(96)
(112)
(110)
(136)
(200)
(223)
(203)
(301)
(250)
(248)
(291)
(205)
(223)
(235)
(281)
(329)
(344)
(366)
(355)
(347)
(357)
(354)
(426)
(472)
(513)
(525)
(475)
(441)
(387)
(366)
(376)
(349)
(345)
(348)
(327)
(355)
(374)
(385)
(406)
(399)
(432)
(428)
(458)
(266)
(233)
(260)
(251)
(455)
(438)
(409)
(360)
(326)
(330)
(328)
(365)
(458)
(532)
(619)
(772)
(818)
(846)
(849)
(762)
(767)
(742)
(739)
(729)
(678)
(668)
(652)
(646)
(604)
(587)
(572)
(560)
(556)
(613)
(636)
(664)
(744)
(721)
(774)
(764)
Other Items
(212)
(240)
(223)
(229)
(76)
(58)
(62)
122
160
169
171
(8)
(10)
(82)
22
21
27
140
35
(43)
32
(9)
(26)
51
(59)
(84)
(84)
(181)
(128)
(44)
(1)
104
77
20
(2)
53
83
80
73
13
(6)
103
107
354
360
252
250
3
6
1
1
23
(3)
0
(0)
(30)
(210)
(1 342)
(1 334)
(1 328)
(1 134)
(4)
(18)
(26)
9
8
11
22
(8)
(6)
(1)
(5)
2
2
0
9
6
7
17
13
13
12
6
(0)
1
19
15
19
19
1
4
(1)
(2)
(3)
(8)
(7)
Cash from Investing Activities
(586)
N/A
(642)
-10%
(471)
+27%
(286)
+39%
(309)
-8%
(258)
+16%
(232)
+10%
(13)
+94%
78
N/A
98
+26%
101
+4%
(72)
N/A
(93)
-29%
(178)
-91%
(90)
+50%
(89)
+1%
(110)
-23%
(60)
+46%
(189)
-216%
(247)
-31%
(269)
-9%
(259)
+3%
(274)
-6%
(240)
+13%
(265)
-10%
(307)
-16%
(319)
-4%
(462)
-45%
(457)
+1%
(388)
+15%
(367)
+5%
(251)
+32%
(270)
-8%
(337)
-25%
(356)
-6%
(372)
-5%
(389)
-5%
(433)
-11%
(451)
-4%
(462)
-2%
(447)
+3%
(284)
+37%
(259)
+9%
(22)
+92%
11
N/A
(93)
N/A
(97)
-4%
(324)
-233%
(349)
-8%
(373)
-7%
(384)
-3%
(383)
+0%
(401)
-5%
(432)
-8%
(428)
+1%
(488)
-14%
(476)
+2%
(1 575)
-231%
(1 594)
-1%
(1 579)
+1%
(1 589)
-1%
(442)
+72%
(428)
+3%
(386)
+10%
(317)
+18%
(321)
-1%
(317)
+1%
(343)
-8%
(466)
-36%
(537)
-15%
(620)
-15%
(777)
-25%
(816)
-5%
(844)
-3%
(849)
-1%
(753)
+11%
(762)
-1%
(735)
+4%
(722)
+2%
(716)
+1%
(664)
+7%
(656)
+1%
(646)
+2%
(646)
0%
(604)
+7%
(568)
+6%
(558)
+2%
(541)
+3%
(537)
+1%
(612)
-14%
(632)
-3%
(665)
-5%
(746)
-12%
(724)
+3%
(782)
-8%
(770)
+1%
Financing Cash Flow
Net Issuance of Common Stock
169
172
8
6
5
2
120
121
121
123
4
4
4
1
7
13
12
13
8
3
3
149
150
150
151
6
5
4
3
2
2
2
5
6
6
6
3
2
2
2
123
123
123
125
5
5
6
5
4
4
4
3
3
3
3
3
539
546
595
644
122
116
67
18
4
3
3
2
301
320
372
401
101
181
129
99
99
0
40
63
119
123
99
76
90
114
125
177
118
122
137
193
181
196
173
219
Net Issuance of Debt
286
352
405
200
179
88
(59)
(195)
(228)
(269)
(176)
(98)
(112)
(67)
(134)
(98)
(63)
(63)
70
70
86
(61)
(34)
(78)
(34)
152
170
531
537
277
234
(31)
2
251
192
231
225
235
348
305
188
30
(70)
(148)
(308)
(220)
(184)
(146)
160
211
216
219
140
150
146
119
27
684
502
562
623
(109)
50
45
9
8
(42)
(18)
(180)
(154)
(74)
27
358
346
389
281
276
891
826
838
778
119
98
169
115
9
15
299
(261)
(75)
375
(658)
(16)
(90)
(476)
109
Cash Paid for Dividends
(29)
(30)
(31)
(31)
(31)
(32)
(33)
(35)
(37)
(39)
(40)
(40)
(41)
(41)
(41)
(42)
(42)
(43)
(43)
(44)
(44)
(44)
(46)
(48)
(50)
(52)
(53)
(53)
(54)
(54)
(55)
(55)
(55)
(56)
(56)
(56)
(57)
(57)
(58)
(57)
(59)
(61)
(62)
(65)
(65)
(66)
(67)
(67)
(68)
(68)
(69)
(69)
(70)
(70)
(71)
(72)
(73)
(76)
(80)
(83)
(88)
(90)
(92)
(94)
(97)
(98)
(100)
(102)
(107)
(112)
(117)
(122)
(125)
(127)
(130)
(133)
(135)
(138)
(140)
(142)
(145)
(148)
(151)
(154)
(157)
(160)
(163)
(166)
(168)
(171)
(174)
(179)
(182)
(187)
(191)
(193)
Other
0
1
2
2
(8)
0
(15)
(16)
(9)
0
(2)
(2)
(4)
(1)
(4)
(4)
(2)
(4)
(2)
(3)
(34)
(35)
(41)
(43)
(15)
(18)
(14)
(79)
(87)
(83)
(84)
(17)
(8)
(9)
(13)
(13)
(10)
(10)
(3)
(1)
(2)
(5)
1
(4)
(3)
0
(6)
0
(79)
(82)
(83)
(84)
17
18
19
14
(9)
(10)
210
194
184
175
(48)
(31)
(25)
(21)
(22)
(30)
(31)
(30)
(31)
(21)
(35)
(34)
(38)
(39)
(23)
(22)
(16)
(17)
(20)
(20)
(18)
(17)
(17)
(21)
(24)
(32)
(31)
(28)
(36)
(27)
(26)
(24)
(13)
(13)
Cash from Financing Activities
427
N/A
494
+16%
384
-22%
177
-54%
144
-19%
50
-65%
12
-76%
(126)
N/A
(153)
-21%
(195)
-28%
(212)
-9%
(136)
+36%
(152)
-12%
(107)
+30%
(173)
-61%
(131)
+24%
(96)
+27%
(96)
0%
34
N/A
27
-21%
12
-56%
8
-31%
28
+249%
(19)
N/A
52
N/A
88
+70%
107
+22%
403
+275%
399
-1%
141
-65%
98
-31%
(101)
N/A
(56)
+44%
192
N/A
130
-32%
168
+30%
161
-4%
171
+6%
290
+69%
250
-14%
250
N/A
87
-65%
(8)
N/A
(93)
-1 087%
(371)
-301%
(281)
+24%
(250)
+11%
(209)
+16%
17
N/A
65
+282%
67
+4%
69
+3%
91
+31%
101
+11%
97
-5%
64
-33%
484
+653%
1 144
+136%
1 227
+7%
1 316
+7%
841
-36%
93
-89%
(22)
N/A
(63)
-183%
(109)
-73%
(110)
-1%
(161)
-47%
(148)
+9%
(17)
+88%
24
N/A
150
+518%
285
+89%
300
+5%
365
+22%
349
-4%
208
-40%
217
+4%
731
+237%
709
-3%
742
+5%
732
-1%
74
-90%
28
-62%
74
+166%
32
-56%
(58)
N/A
(47)
+20%
278
N/A
(342)
N/A
(152)
+55%
302
N/A
(671)
N/A
(43)
+94%
(105)
-145%
(506)
-382%
121
N/A
Change in Cash
Net Change in Cash
5
N/A
(24)
N/A
17
N/A
20
+16%
49
+144%
1
-99%
19
+2 600%
200
+959%
96
-52%
127
+32%
33
-74%
(191)
N/A
(108)
+43%
(124)
-14%
(44)
+65%
(27)
+38%
(30)
-12%
(18)
+41%
(14)
+22%
(5)
+64%
3
N/A
28
+758%
(7)
N/A
33
N/A
44
+32%
(2)
N/A
1
N/A
71
+10 071%
87
+22%
45
-48%
81
+80%
(15)
N/A
(56)
-273%
15
N/A
(58)
N/A
(79)
-35%
(80)
-2%
(92)
-14%
24
N/A
16
-34%
26
+66%
12
-54%
(48)
N/A
173
N/A
(43)
N/A
(44)
-1%
(9)
+79%
(234)
-2 411%
(8)
+97%
5
N/A
(16)
N/A
(2)
+89%
5
N/A
38
+611%
65
+71%
19
-71%
432
+2 209%
(25)
N/A
26
N/A
5
-81%
(427)
N/A
(15)
+97%
(89)
-511%
(18)
+80%
3
N/A
20
+712%
(2)
N/A
(3)
-22%
6
N/A
(18)
N/A
(2)
+92%
4
N/A
(11)
N/A
42
N/A
26
-40%
(6)
N/A
(3)
+47%
(40)
-1 286%
(30)
+25%
4
N/A
3
-16%
4
+13%
10
+174%
2
-77%
13
+500%
24
+80%
143
+505%
584
+307%
66
-89%
85
+28%
473
+459%
(581)
N/A
(70)
+88%
(116)
-66%
(616)
-433%
10
N/A
Free Cash Flow
Free Cash Flow
(210)
N/A
(279)
-33%
(143)
+49%
71
N/A
(19)
N/A
8
N/A
69
+724%
205
+196%
89
-57%
153
+73%
74
-51%
(47)
N/A
54
N/A
66
+21%
107
+63%
83
-23%
39
-53%
(62)
N/A
(82)
-33%
12
N/A
(41)
N/A
30
N/A
(9)
N/A
1
N/A
51
+4 545%
(6)
N/A
(22)
-286%
(151)
-572%
(183)
-22%
(52)
+72%
(15)
+71%
(18)
-21%
(76)
-319%
(198)
-159%
(186)
+6%
(300)
-61%
(325)
-8%
(342)
-6%
(339)
+1%
(246)
+27%
(217)
+12%
(178)
+18%
(148)
+17%
(89)
+40%
(32)
+64%
(15)
+53%
(10)
+36%
(28)
-187%
(30)
-7%
(61)
-102%
(84)
-38%
(94)
-12%
(83)
+11%
(64)
+23%
(32)
+50%
(16)
+51%
158
N/A
173
+10%
133
-23%
17
-87%
(135)
N/A
(103)
+23%
(49)
+53%
71
N/A
102
+44%
122
+19%
148
+21%
122
-17%
31
-74%
(37)
N/A
(151)
-309%
(276)
-83%
(313)
-13%
(325)
-4%
(324)
+0%
(223)
+31%
(226)
-1%
(778)
-245%
(756)
+3%
(752)
+1%
(742)
+1%
(82)
+89%
(24)
+71%
(72)
-195%
(20)
+73%
63
N/A
176
+180%
287
+63%
389
+36%
236
-39%
167
-29%
90
-46%
(25)
N/A
(7)
+71%
(102)
-1 315%
(105)
-3%

See Also

Summary
BKH intrinsic value, competitors valuation, and company profile.
DCF Valuation
BKH stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BKH stock valuation using valuation multiples.
Wall Street Estimates
BKH price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BKH stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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