← BLACK HILLS CORP /SD/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $82.6m | $177.0m | $258.4m | $199.3m | $227.6m | $236.7m | $258.4m | $262.2m | $273.1m | $291.6m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $73.0m | $177.0m | $258.4m | $213.3m | $242.8m | $251.3m | $270.8m | $276.0m | $283.7m | $299.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $82.6m | $191.3m | $272.7m | $213.3m | $242.8m | $251.3m | $270.8m | $276.0m | $283.7m | $299.8m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $194.1m | $265.3m | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $208.4m | $279.5m | $213.3m | $242.8m | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | ($17.1m) | ($6.9m) | $0 | $0 | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $9.7m | $14.2m | $14.2m | $14.0m | $15.2m | $14.5m | $12.4m | $13.8m | $10.6m | $8.2m | |
| Depreciation, Depletion and Amortization | $189.0m | $188.2m | $196.3m | $209.1m | $224.5m | $236.0m | $250.9m | $256.8m | $270.1m | $283.8m | |
| Amortization of Debt Issuance Costs | $3.9m | $3.3m | $2.8m | $3.2m | $3.3m | $3.8m | $4.5m | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | $6.2m | $8.3m | $7.8m | $7.8m | $7.9m | $7.0m | $9.8m | $10.1m | $10.7m | $9.7m | |
| Amortization of Intangible Assets | $510k | $833k | $824k | $1.1m | $1.3m | $1.2m | $1.2m | $1.2m | $1.1m | $1.2m | |
| Deferred Income Tax Expense (Benefit) | $36.2m | $81.0m | ($24.2m) | $38.0m | $38.1m | $7.3m | $25.6m | $25.4m | $52.0m | $54.3m | |
| Share-based Payment Arrangement, Noncash Expense | $10.9m | $7.6m | $12.4m | $12.1m | $5.4m | $9.7m | $8.6m | $7.0m | $10.6m | $11.8m | |
| Equity Method Investment, Other than Temporary Impairment | $0 | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $0 | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $10.5m | $73.4m | ($23.7m) | $29.6m | $32.9m | $7.2m | $25.2m | $25.6m | $36.3m | $43.7m | |
| Operating Lease, Lease Income | — | — | — | $2.3m | $2.5m | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | $4.5m | $2.1m | ($1.8m) | ($6.2m) | ($2.3m) | $1.4m | $1.7m | ($3.2m) | ($1.4m) | $6.1m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($1.1m) | $10.1m | $2.9m | ($2.1m) | ($2.8m) | $35.7m | $75.4m | ($51.4m) | ($13.2m) | $17.8m | |
| Asset Retirement Obligation, Accretion Expense | $3.2m | $2.1m | $2.2m | $2.7m | $2.8m | $3.0m | $3.4m | $3.5m | $4.1m | $4.2m | |
| Gain (Loss) on Sale of Derivatives | $28.8m | $0 | $0 | — | — | — | — | — | — | — | |
| Goodwill | $1.3b | $1.3b | $1.3b | $1.3b | $1.3b | $1.3b | $1.3b | $1.3b | $1.3b | $1.3b | |
| Investment Income, Interest | $1.4m | $1.0m | $1.6m | $1.6m | $1.5m | $1.7m | $1.6m | $12.1m | $13.5m | $6.8m | |
| Nonoperating Income (Expense) | — | — | ($1.2m) | ($5.7m) | ($152.6m) | ($151.0m) | ($159.3m) | ($171.1m) | ($183.1m) | ($194.0m) | |
| Operating Expenses | $1.4b | $1.3b | $1.4b | $1.3b | $1.3b | $1.5b | $2.1b | $1.9b | $1.6b | $1.8b | |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | $3.3m | $2.3m | $619k | $472k | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $320.5m | $428.3m | $488.8m | $505.5m | $541.9m | ($64.6m) | $584.8m | $944.4m | $719.3m | $673.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $474.8m | $326.0m | $457.5m | $818.4m | $767.4m | $677.5m | $604.4m | $555.6m | $744.2m | $819.8m | |
| Payments for (Proceeds from) Other Investing Activities | $1.1m | ($465k) | $4.3m | ($2.2m) | ($5.7m) | ($13.3m) | ($485k) | ($18.9m) | $1.8m | $8.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($1.6b) | ($317.7m) | ($465.8m) | ($816.2m) | ($761.7m) | ($664.2m) | ($603.9m) | ($536.7m) | ($746.0m) | ($828.2m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $1.8b | $0 | $700.0m | $1.1b | $400.0m | $600.0m | $0 | $800.0m | $450.0m | $450.0m | |
| Repayments of Long-term Debt | $1.2b | $105.7m | $854.7m | $905.7m | $8.6m | $8.4m | $0 | $525.0m | $600.0m | $0 | |
| Proceeds from Issuance of Common Stock | $121.6m | $4.4m | $300.8m | $101.4m | $99.3m | $119.0m | $90.0m | $118.3m | $181.4m | $219.2m | |
| Proceeds from Noncontrolling Interests | $216.4m | $0 | $0 | — | — | — | — | — | — | — | |
| Dividends paid | $87.6m | $96.7m | $106.6m | $124.6m | $135.4m | $145.0m | $156.7m | $168.1m | $182.3m | $197.9m | |
| Proceeds from (Payments for) Other Financing Activities | ($23.0m) | ($6.9m) | ($11.3m) | ($16.7m) | ($7.1m) | ($4.0m) | $931k | ($13.0m) | ($8.4m) | ($5.9m) | |
| Net Cash Provided by (Used in) Financing Activities | $841.0m | ($108.7m) | ($17.1m) | $300.2m | $216.9m | $731.9m | $32.3m | ($341.7m) | ($42.9m) | $321.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($426.7m) | $2.4m | $5.9m | ($10.5m) | ($2.9m) | $13.8m | $27.0m | $93.0m | $23.4m | $190.4m | |
| Restricted Cash and Investments, Current | $2.3m | $2.8m | $3.4m | $3.9m | $4.4m | $4.9m | $5.6m | $6.4m | $7.3m | $7.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $112.9m | $132.4m | $138.0m | $131.8m | $136.5m | $142.7m | $152.5m | $157.3m | $174.4m | $196.4m | |
| Income Taxes Paid, Net | $1.2m | ($1.8m) | $14.7m | ($4.7m) | ($2.2m) | ($1.5m) | ($771k) | $1.0m | ($14.4m) | ($8.8m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.