Black Hills Corporation Cash Flow Breakdown
Cash flow breakdown shows where Black Hills Corporation's cash came from and where it went: from running the business, from investing (buying or selling equipment, companies and investments) and from financing (borrowing, paying back loans, buying back shares, paying dividends). One row per year or quarter. A minus sign means cash went out. Financing is shown line by line: buybacks, dividends, debt paid back, new debt and the rest. All amounts are the filed figures for that period.
- Fiscal year ended 2025-12-31: from running the business, $673.40M came in.
- Fiscal year ended 2025-12-31: from investing, $828.20M went out.
- Fiscal year ended 2025-12-31: from financing, $321.80M came in.
- Fiscal year ended 2025-12-31: change in cash, $167.00M came in.
A minus sign means cash went out. * = worked out from the filed year-to-date figures (hover to see how); greyed = already counted inside another line.
Each year (12 month)
| Fiscal year end | Running the business | From investing | Dividends | Debt paid back | New debt | Commercial paper | New shares sold | Other | Not split out | Change in cash |
|---|
| 2025-12-31 | $673.40M | -$828.20M | -$197.90M | $0.00 | $450.00M | | $219.20M | -$5.90M | -$143.60M* | $167.00M |
|---|
| 2024-12-31 | $719.30M | -$746.00M | -$182.30M | -$600.00M | $450.00M | | $181.40M | -$8.40M | $116.40M* | -$69.60M |
|---|
| 2023-12-31 | $944.40M | -$536.70M | -$168.10M | -$525.00M | $800.00M | $0.00* | $118.30M | -$13.00M | -$553.90M* | $66.00M |
|---|
| 2022-12-31 | $584.80M | -$603.90M | -$156.70M | $0.00 | $0.00 | $0.00* | $90.10M | $900.00K | $98.00M* | $13.20M |
|---|
| 2021-12-31 | -$64.60M | -$664.20M | -$145.00M | -$8.40M | $600.00M | $0.00* | $119.00M | -$4.10M | $170.40M* | $3.10M |
|---|
| 2020-12-31 | $541.86M | -$761.66M | -$135.44M | -$8.60M | $400.00M | -$115.46M* | $99.28M | -$7.06M | -$15.84M* | -$2.92M |
|---|
| 2019-12-31 | $505.51M | -$816.21M | -$124.65M | -$905.74M | $1.10B | $163.88M* | $101.36M | -$16.74M | -$17.90M* | -$10.49M |
|---|
| 2018-12-31 | $488.81M | -$465.85M | -$106.59M | -$854.74M | $700.00M | -$25.68M | $300.83M | -$11.26M | -$19.62M* | $5.91M |
|---|
| 2017-12-31 | $428.26M | -$317.12M | -$96.74M | -$105.74M | $0.00 | $114.70M | $4.41M | -$6.92M | -$18.40M* | $1.90M |
|---|
| 2016-12-31 | $320.48M | -$1.59B | -$87.57M | -$1.16B | $1.77B | $39.60M* | $121.62M | -$22.96M | $187.01M* | -$427.26M |
|---|
| 2015-12-31 | $424.38M | -$476.39M | -$72.60M | -$275.00M | $300.00M | $3.60M* | $248.76M | -$9.28M | $288.23M* | $431.70M |
|---|
| 2014-12-31 | $315.32M | -$401.15M | -$69.64M | -$12.20M | $160.00M | -$7.50M* | $3.25M | $17.15M | | $5.24M |
|---|
| 2013-12-31 | $324.63M | -$349.28M | -$67.59M | -$445.91M | $800.00M | -$194.50M* | $4.35M | -$15.39M | -$63.94M* | -$7.62M |
|---|
| 2012-12-31 | $316.97M | $11.17M | -$65.26M | -$240.08M | $0.00 | -$68.00M* | $4.73M | -$2.83M | | -$43.31M |
|---|
| 2011-12-31 | $223.70M | -$447.01M | -$59.20M | -$8.38M | $0.00 | $196.00M* | $123.04M | -$1.67M | | $26.33M |
|---|
| 2010-12-31 | $147.75M | -$389.17M | -$56.47M | -$59.93M | $200.00M | $84.50M* | $3.25M | -$10.40M | | -$80.46M |
|---|
| 2009-12-31 | $270.50M | -$269.82M | -$55.15M | -$2.17M | $543.07M | -$539.30M* | $4.82M | -$7.57M | | -$55.63M |
|---|
| 2008-12-31 | $145.64M | -$457.05M | -$53.66M | -$130.30M | $0.00 | $1.15B | $2.68M | -$12.91M | -$557.43M* | $87.28M |
|---|
Each quarter (3 month)
| Quarter end | Running the business | From investing | Dividends | Debt paid back | New debt | Commercial paper | New shares sold | Other | Not split out | Change in cash |
|---|
| 2026-06-30 | $195.10M* | -$222.10M* | -$53.50M* | $0.00* | | | $9.40M* | $0.00* | $119.20M* | |
|---|
| 2026-03-31 | $176.20M | -$270.00M | -$53.10M | -$300.00M | | | $40.70M | -$2.50M | $249.70M* | -$159.00M |
|---|
| 2025-12-31 | $168.10M* | -$271.80M* | -$51.10M* | $0.00* | $450.00M* | | $0.00* | -$3.30M* | -$130.60M* | |
|---|
| 2025-09-30 | $88.90M* | -$180.20M* | -$49.20M* | $0.00* | $0.00* | | $154.20M* | -$1.30M* | | |
|---|
| 2025-06-30 | $188.60M* | -$221.00M* | -$49.00M* | $0.00* | | | $19.40M* | -$100.00K* | $63.80M* | |
|---|
| 2025-03-31 | $227.80M | -$155.20M | -$48.60M | $0.00 | | | $45.60M | -$1.20M | -$77.70M* | -$9.30M |
|---|
| 2024-12-31 | $153.20M* | -$214.00M* | -$46.50M* | $0.00* | $0.00* | | -$200.00K* | -$100.00K* | $111.40M* | |
|---|
| 2024-09-30 | $102.10M* | -$191.30M* | -$46.50M* | | $0.00* | | $108.60M* | $0.00* | -$585.00M* | |
|---|
| 2024-06-30 | $230.60M* | -$163.80M* | -$44.90M* | | $450.00M* | | $41.80M* | -$7.30M* | -$4.40M* | |
|---|
| 2024-03-31 | $233.40M | -$176.90M | -$44.40M | | $0.00 | | $31.20M | -$1.00M | -$5.60M* | $36.70M |
|---|
| 2023-12-31 | $188.40M* | -$132.90M* | -$42.70M* | -$525.00M* | $0.00* | | $10.90M* | -$800.00K* | -$5.40M* | |
|---|
| 2023-09-30 | $150.90M* | -$158.40M* | -$42.30M* | | $450.00M* | | $52.70M* | -$7.10M* | -$3.90M* | |
|---|
| 2023-06-30 | $276.40M* | -$143.90M* | -$41.70M* | | $0.00* | | $27.30M* | -$100.00K* | -$4.50M* | |
|---|
| 2023-03-31 | $328.70M | -$101.50M | -$41.40M | | $350.00M | | $27.40M | -$5.00M | -$540.10M* | $18.10M |
|---|
| 2022-12-31 | $90.51M* | -$137.58M* | -$40.85M* | $0.00* | $0.00* | $0.00* | $70.07M* | -$747.00K* | $28.51M* | |
|---|
| 2022-09-30 | $52.26M* | -$174.94M* | -$38.71M* | $0.00* | $0.00* | $0.00* | -$68.00K* | -$35.00K* | $163.23M* | |
|---|
| 2022-06-30 | $177.91M* | -$153.54M* | -$38.60M* | $0.00* | $0.00* | $0.00* | $16.30M* | $2.56M* | -$10.61M* | |
|---|
| 2022-03-31 | $264.12M | -$137.84M | -$38.53M | $0.00 | $0.00 | $0.00* | $3.79M | -$878.00K | -$83.12M* | $7.54M |
|---|
| 2021-12-31 | $80.16M* | -$180.09M* | -$38.04M* | $36.00K* | $0.00* | $0.00* | $56.02M* | -$1.32M* | $82.14M* | |
|---|
| 2021-09-30 | $105.41M* | -$174.37M* | -$35.87M* | -$7.00M* | $600.00M* | -$600.00M* | $22.94M* | -$3.07M* | $101.15M* | |
|---|
| 2021-06-30 | $135.91M* | -$163.51M* | -$35.58M* | $0.00* | | $0.00* | $40.04M* | $1.03M* | $9.92M* | |
|---|
| 2021-03-31 | -$386.09M | -$146.22M | -$35.51M | -$1.44M | | $600.00M* | $0.00 | -$740.00K | -$22.81M* | $7.19M |
|---|
| 2020-12-31 | $122.40M* | -$231.94M* | -$35.44M* | -$1.43M* | $0.00* | $149.72M* | -$38.00K* | -$542.00K* | -$3.20M* | |
|---|
| 2020-09-30 | $110.45M* | -$180.00M* | -$33.56M* | -$1.44M* | $0.00* | $84.32M* | -$119.00K* | -$45.00K* | -$4.12M* | |
|---|
| 2020-06-30 | $117.04M* | -$176.64M* | -$33.54M* | -$1.44M* | | -$319.13M* | $114.00K* | -$5.08M* | $396.22M* | |
|---|
| 2020-03-31 | $191.97M | -$173.08M | -$32.90M | -$4.29M | | -$30.38M* | $99.32M | -$1.39M | -$4.74M* | $44.51M |
|---|
| 2019-12-31 | $119.44M* | -$222.94M* | -$32.87M* | -$601.44M* | $700.00M* | $54.60M* | -$3.00K* | -$14.74M* | -$5.17M* | |
|---|
| 2019-09-30 | $96.30M* | -$275.98M* | -$30.83M* | -$1.44M* | $0.00* | $192.40M* | $29.60M* | -$44.00K* | -$3.48M* | |
|---|
| 2019-06-30 | $113.89M* | -$172.27M* | -$30.62M* | -$301.44M* | | -$62.15M* | $51.81M* | -$291.00K* | $395.60M* | |
|---|
| 2019-03-31 | $175.89M | -$145.03M | -$30.33M | -$1.44M | | -$20.97M | $19.95M | -$1.66M | -$4.85M* | -$8.43M |
|---|
| 2018-12-31 | $110.09M* | -$184.08M* | -$30.28M* | -$251.44M* | $0.00* | $73.52M* | $299.75M* | -$803.00K* | -$5.86M* | |
|---|
| 2018-09-30 | $68.02M* | -$118.25M* | -$25.43M* | -$600.44M* | $700.00M* | -$9.70M* | $5.00K* | -$8.93M* | -$3.76M* | |
|---|
| 2018-06-30 | $140.83M* | -$89.97M* | -$25.43M* | -$1.44M* | | -$42.40M* | $702.00K* | -$127.00K* | -$4.35M* | |
|---|
| 2018-03-31 | $169.88M | -$73.55M | -$25.44M | -$1.44M | | -$47.10M | $372.00K | -$1.40M | -$5.65M* | $15.66M |
|---|
| 2017-12-31 | $108.83M* | -$61.14M* | -$25.41M* | -$1.44M* | $0.00* | -$13.87M* | $846.00K* | -$200.00K* | -$5.51M* | $1.97M* |
|---|
| 2017-09-30 | $56.56M* | -$92.45M* | -$23.79M* | -$51.44M* | $0.00* | $117.19M* | $597.00K* | -$60.00K* | -$4.55M* | $1.92M* |
|---|
| 2017-06-30 | $116.03M* | -$94.17M* | -$23.79M* | -$51.44M* | $0.00* | $57.02M* | $794.00K* | -$104.00K* | -$3.99M* | $237.00K* |
|---|
| 2017-03-31 | $146.84M | -$69.36M | -$23.75M | -$1.44M | $0.00 | -$45.65M | $2.17M | -$6.55M | -$4.35M* | -$2.23M |
|---|
| 2016-12-31 | $111.28M* | -$128.97M* | -$22.32M* | -$1.44M* | $0.00* | $43.20M* | $13.93M* | -$6.67M* | -$26.64M* | -$18.22M* |
|---|
| 2016-09-30 | $25.70M* | -$134.46M* | -$21.98M* | -$1.12B* | $1.19B* | $0.00* | $50.20M* | -$16.49M* | -$4.52M* | -$30.05M* |
|---|
| 2016-06-30 | $50.42M* | -$108.21M* | -$21.73M* | -$41.44M* | $28.71M* | -$281.20M* | $49.67M* | $2.61M* | $356.97M* | $35.81M* |
|---|
| 2016-03-31 | $133.08M | -$1.22B | -$21.54M | $0.00 | $545.96M | $138.80M | $7.82M | -$2.41M | | -$414.81M |
|---|
| 2015-12-31 | $58.51M* | -$119.73M* | -$18.15M* | $0.00* | $0.00* | -$41.10M* | $246.28M* | -$1.76M* | $290.03M* | $414.07M* |
|---|
| 2015-09-30 | $111.47M* | -$149.54M* | -$18.16M* | $0.00* | $0.00* | $12.14M* | $782.00K* | -$5.06M* | | -$48.37M* |
|---|
| 2015-06-30 | $102.92M* | -$89.25M* | -$18.14M* | | $300.00M* | $3.16M* | $703.00K* | -$562.00K* | -$275.00M* | $23.82M* |
|---|
| 2015-03-31 | $151.49M | -$117.87M | -$18.15M | | $0.00 | $27.60M* | $999.00K | -$1.90M | | $42.17M |
|---|
| 2014-12-31 | $76.16M* | -$130.83M* | -$17.42M* | $0.00* | $160.00M* | -$109.00M* | $858.00K* | $21.36M* | | $1.14M* |
|---|
| 2014-09-30 | $65.32M* | -$90.03M* | -$17.41M* | -$12.20M* | $0.00* | $51.30M* | $700.00K* | -$440.00K* | | -$2.76M* |
|---|
| 2014-06-30 | $75.74M* | -$93.47M* | -$17.40M* | $0.00* | | $32.70M* | $812.00K* | -$1.32M* | | -$2.94M* |
|---|
| 2014-03-31 | $98.10M | -$86.83M | -$17.40M | $0.00 | | $17.50M* | $881.00K | -$2.45M | | $9.80M |
|---|
| 2013-12-31 | $72.86M* | -$112.64M* | -$16.91M* | -$339.73M* | $525.00M* | -$55.80M* | $748.00K* | -$15.39M* | -$63.94M* | -$5.80M* |
|---|
| 2013-09-30 | $54.38M* | -$91.42M* | -$16.90M* | -$2.39M* | $0.00* | $38.30M* | $1.04M* | $0.00* | | -$17.00M* |
|---|
| 2013-06-30 | $88.15M* | -$82.31M* | -$16.89M* | -$102.05M* | | -$145.00M* | $144.00K* | $1.20M* | $275.00M* | $18.24M* |
|---|
| 2013-03-31 | $109.23M | -$62.91M | -$16.88M | -$1.74M | | -$32.00M* | $2.43M | -$1.20M | | -$3.06M |
|---|
| 2012-12-31 | $47.30M* | -$87.14M* | -$16.36M* | -$228.43M* | $0.00* | $52.00M* | $891.00K* | $0.00* | | -$231.73M* |
|---|
| 2012-09-30 | $92.97M* | $135.00M* | -$16.32M* | -$1.23M* | $0.00* | $0.00* | $2.33M* | -$5.67M* | | $207.08M* |
|---|
| 2012-06-30 | $80.63M* | -$78.17M* | -$16.31M* | -$8.52M* | | $0.00* | $746.00K* | $5.59M* | | -$16.02M* |
|---|
| 2012-03-31 | $96.06M | $41.47M | -$16.28M | -$1.90M | | -$120.00M* | $764.00K | -$2.76M | | -$2.64M |
|---|
| 2011-12-31 | $17.18M* | -$120.14M* | -$16.03M* | -$2.21M* | $0.00* | $247.30M* | $120.84M* | -$1.64M* | -$261.30M* | -$16.01M* |
|---|
| 2011-09-30 | $24.51M* | -$101.80M* | -$13.64M* | -$2.12M* | | $206.00M* | $762.00K* | -$12.00K* | -$127.00M* | -$13.29M* |
|---|
| 2011-06-30 | $70.75M* | -$103.31M* | -$15.16M* | -$1.90M* | | $354.00M* | $832.00K* | -$2.00K* | -$261.16M* | $44.06M* |
|---|
| 2011-03-31 | $111.27M | -$121.76M | -$14.37M | -$2.15M | | $210.00M | $605.00K | -$14.00K | -$172.00M* | $11.58M |
|---|
| 2010-12-31 | $21.99M* | -$135.41M* | -$14.14M* | -$2.38M* | $0.00* | $403.00M* | $173.00K* | -$776.00K* | -$299.00M* | -$26.54M* |
|---|
| 2010-09-30 | -$18.23M* | -$90.73M* | -$14.13M* | -$1.06M* | | $183.00M* | $792.00K* | -$1.70M* | -$63.00M* | -$5.06M* |
|---|
| 2010-06-30 | $55.07M* | -$84.97M* | -$14.11M* | -$23.27M* | | $160.00M* | $759.00K* | -$7.46M* | -$158.00M* | -$71.99M* |
|---|
| 2010-03-31 | $88.92M | -$78.05M | -$14.09M | -$33.22M | | $108.50M | $1.52M | -$463.00K | -$50.00M* | $23.12M |
|---|
| 2009-12-31 | -$425.00K* | -$118.40M* | -$13.81M* | -$149.00K* | $294.57M* | $101.50M* | $2.48M* | -$3.04M* | -$287.50M* | -$24.78M* |
|---|
| 2009-09-30 | $24.69M* | -$74.71M* | -$13.80M* | -$23.00K* | $0.00* | $212.00M* | $785.00K* | -$1.61M* | -$132.00M* | $15.33M* |
|---|