Black Hills Corporation (BKH) — Financial Flexibility Index
Black Hills Corporation (BKH) has a Financial Flexibility Index of 0.07x as of March 2026. Free cash flow of $443.60 Million (operating CF $176.20 Million minus capex $267.40 Million) represents 0% of total liabilities ($6.79 Billion). Check total reinvestment intensity of Black Hills Corporation to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Black Hills Corporation Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for Black Hills Corporation across 32 annual periods. For the full cash flow conversion analysis, see Black Hills Corporation operating cash flow efficiency.
Annual Financial Flexibility Index for Black Hills Corporation (1994–2025)
Year-by-year free cash flow to debt coverage for Black Hills Corporation. Explore cash flow to debt ratio of Black Hills Corporation to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.21x | $1.49 Billion | $673.40 Million | $6.96 Billion | ▼ -5.7% |
| 2024 | 0.23x | $1.46 Billion | $719.30 Million | $6.44 Billion | ▼ -4.3% |
| 2023 | 0.24x | $1.50 Billion | $944.40 Million | $6.31 Billion | ▲ +30.4% |
| 2022 | 0.18x | $1.19 Billion | $584.80 Million | $6.53 Billion | ▲ +85.6% |
| 2021 | 0.10x | $612.93 Million | $-64.56 Million | $6.24 Billion | ▼ -59.3% |
| 2020 | 0.24x | $1.31 Billion | $541.86 Million | $5.43 Billion | ▼ -7.2% |
| 2019 | 0.26x | $1.32 Billion | $505.51 Million | $5.09 Billion | ▲ +28.4% |
| 2018 | 0.20x | $946.34 Million | $488.81 Million | $4.68 Billion | ▲ +29.8% |
| 2017 | 0.16x | $754.27 Million | $428.26 Million | $4.84 Billion | ▼ -6.2% |
| 2016 | 0.17x | $795.25 Million | $320.46 Million | $4.79 Billion | ▼ -40.0% |
| 2015 | 0.28x | $883.49 Million | $428.00 Million | $3.19 Billion | ▲ +11.4% |
| 2014 | 0.25x | $721.95 Million | $323.46 Million | $2.90 Billion | ▼ -6.0% |
| 2013 | 0.26x | $679.38 Million | $324.63 Million | $2.57 Billion | ▼ -0.8% |
| 2012 | 0.27x | $666.10 Million | $316.97 Million | $2.50 Billion | ▲ +17.2% |
| 2011 | 0.23x | $664.40 Million | $223.70 Million | $2.92 Billion | ▼ -4.2% |
| 2010 | 0.24x | $620.43 Million | $147.75 Million | $2.61 Billion | ▼ -14.1% |
| 2009 | 0.28x | $617.37 Million | $270.50 Million | $2.23 Billion | ▲ +35.7% |
| 2008 | 0.20x | $474.56 Million | $145.64 Million | $2.33 Billion | ▼ -40.6% |
| 2007 | 0.34x | $513.45 Million | $252.08 Million | $1.50 Billion | ▼ -12.5% |
| 2006 | 0.39x | $568.14 Million | $259.69 Million | $1.45 Billion | ▲ +72.1% |
| 2005 | 0.23x | $313.48 Million | $174.85 Million | $1.38 Billion | ▲ +31.6% |
| 2004 | 0.17x | $227.66 Million | $136.68 Million | $1.32 Billion | ▼ -10.5% |
| 2003 | 0.19x | $260.92 Million | $170.57 Million | $1.35 Billion | ▼ -36.1% |
| 2002 | 0.30x | $451.85 Million | $218.77 Million | $1.49 Billion | ▼ -38.8% |
| 2001 | 0.49x | $555.88 Million | $177.40 Million | $1.12 Billion | ▲ +136.2% |
| 2000 | 0.21x | $209.32 Million | $74.47 Million | $1.00 Billion | ▼ -46.7% |
| 1999 | 0.39x | $179.90 Million | $75.70 Million | $458.20 Million | ▲ +68.9% |
| 1998 | 0.23x | $82.00 Million | $54.70 Million | $352.70 Million | ▼ -16.4% |
| 1997 | 0.28x | $84.30 Million | $56.00 Million | $303.30 Million | ▼ -4.5% |
| 1996 | 0.29x | $79.80 Million | $55.40 Million | $274.20 Million | ▼ -17.0% |
| 1995 | 0.35x | $93.50 Million | $45.30 Million | $266.50 Million | ▼ -38.7% |
| 1994 | 0.57x | $149.60 Million | $48.90 Million | $261.50 Million | — |