Black Hills Corporation (BKH) — Cash Flow Reinvestment Rate
Black Hills Corporation (BKH) has a Cash Flow Reinvestment Rate of 1.52x as of March 2026, reinvesting $267.40 Million (capex $267.40 Million ) from operating cash flow of $176.20 Million. Explore how much does Black Hills Corporation reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Black Hills Corporation Cash Flow Reinvestment Rate (1994–2025)
Historical reinvestment intensity for Black Hills Corporation across 31 annual periods. Also explore how large is Black Hills Corporation's balance sheet for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Black Hills Corporation (1994–2025)
Year-by-year capital reinvestment analysis for Black Hills Corporation. For live market cap and broader valuation context, see Black Hills Corporation market cap and net worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.22x | $819.80 Million | $673.40 Million | $819.80 Million | ▼ -41.2% |
| 2024 | 2.07x | $1.49 Billion | $719.30 Million | $744.20 Million | ▲ +78.4% |
| 2023 | 1.16x | $1.10 Billion | $944.40 Million | $555.60 Million | ▼ -43.8% |
| 2022 | 2.07x | $1.21 Billion | $584.80 Million | $604.37 Million | ▼ -26.8% |
| 2020 | 2.82x | $1.53 Billion | $541.86 Million | $767.40 Million | ▼ -12.7% |
| 2019 | 3.23x | $1.63 Billion | $505.51 Million | $818.38 Million | ▲ +228.0% |
| 2018 | 0.99x | $481.95 Million | $488.81 Million | $457.52 Million | ▼ -34.4% |
| 2017 | 1.50x | $643.67 Million | $428.26 Million | $326.01 Million | ▼ -76.7% |
| 2016 | 6.44x | $2.06 Billion | $320.46 Million | $474.78 Million | ▲ +474.3% |
| 2015 | 1.12x | $479.91 Million | $428.00 Million | $455.48 Million | ▼ -9.0% |
| 2014 | 1.23x | $398.49 Million | $323.46 Million | $398.49 Million | ▲ +12.7% |
| 2013 | 1.09x | $354.75 Million | $324.63 Million | $354.75 Million | ▼ -0.8% |
| 2012 | 1.10x | $349.13 Million | $316.97 Million | $349.13 Million | ▼ -44.1% |
| 2011 | 1.97x | $440.70 Million | $223.70 Million | $440.70 Million | ▼ -38.4% |
| 2010 | 3.20x | $472.68 Million | $147.75 Million | $472.68 Million | ▲ +149.5% |
| 2009 | 1.28x | $346.87 Million | $270.50 Million | $346.87 Million | ▼ -43.2% |
| 2008 | 2.26x | $328.92 Million | $145.64 Million | $328.92 Million | ▲ +117.8% |
| 2007 | 1.04x | $261.37 Million | $252.08 Million | $261.37 Million | ▼ -12.7% |
| 2006 | 1.19x | $308.45 Million | $259.69 Million | $308.45 Million | ▲ +49.8% |
| 2005 | 0.79x | $138.63 Million | $174.85 Million | $138.63 Million | ▲ +19.1% |
| 2004 | 0.67x | $90.97 Million | $136.68 Million | $90.97 Million | ▲ +25.7% |
| 2003 | 0.53x | $90.35 Million | $170.57 Million | $90.35 Million | ▼ -50.3% |
| 2002 | 1.07x | $233.07 Million | $218.77 Million | $233.07 Million | ▼ -50.1% |
| 2001 | 2.13x | $378.48 Million | $177.40 Million | $378.48 Million | ▲ +17.8% |
| 2000 | 1.81x | $134.85 Million | $74.47 Million | $134.85 Million | ▲ +31.6% |
| 1999 | 1.38x | $104.20 Million | $75.70 Million | $104.20 Million | ▲ +175.8% |
| 1998 | 0.50x | $27.30 Million | $54.70 Million | $27.30 Million | ▼ -1.2% |
| 1997 | 0.51x | $28.30 Million | $56.00 Million | $28.30 Million | ▲ +14.7% |
| 1996 | 0.44x | $24.40 Million | $55.40 Million | $24.40 Million | ▼ -58.6% |
| 1995 | 1.06x | $48.20 Million | $45.30 Million | $48.20 Million | ▼ -48.3% |
| 1994 | 2.06x | $100.70 Million | $48.90 Million | $100.70 Million | — |