Black Hills Corporation (BKH) — Free Cash Flow Generation Index
Black Hills Corporation (BKH) has a Free Cash Flow Generation Index of -0.52x as of March 2026. Free cash flow of $-91.20 Million represents -1% of operating cash flow ($176.20 Million). Read BKH current and long-term liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Black Hills Corporation Free Cash Flow Generation Index (1994–2025)
Historical FCF Generation Index trend for Black Hills Corporation across 31 annual periods. Explore how much does Black Hills Corporation reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Black Hills Corporation (1994–2025)
Year-by-year Free Cash Flow Generation Index for Black Hills Corporation. For the full company profile including market capitalisation, see Black Hills Corporation (BKH) total market value.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.22x | $-146.40 Million | $673.40 Million | $819.80 Million | ▼ -528.0% |
| 2024 | -0.03x | $-24.90 Million | $719.30 Million | $744.20 Million | ▼ -108.4% |
| 2023 | 0.41x | $388.80 Million | $944.40 Million | $555.60 Million | ▲ +1330.6% |
| 2022 | -0.03x | $-19.56 Million | $584.80 Million | $604.37 Million | ▲ +92.0% |
| 2020 | -0.42x | $-225.54 Million | $541.86 Million | $767.40 Million | ▲ +32.7% |
| 2019 | -0.62x | $-312.86 Million | $505.51 Million | $818.38 Million | ▼ -1066.9% |
| 2018 | 0.06x | $31.29 Million | $488.81 Million | $457.52 Million | ▼ -73.2% |
| 2017 | 0.24x | $102.25 Million | $428.26 Million | $326.01 Million | ▲ +149.6% |
| 2016 | -0.48x | $-154.32 Million | $320.46 Million | $474.78 Million | ▼ -650.1% |
| 2015 | -0.06x | $-27.48 Million | $428.00 Million | $455.48 Million | ▲ +72.3% |
| 2014 | -0.23x | $-75.04 Million | $323.46 Million | $398.49 Million | ▼ -150.0% |
| 2013 | -0.09x | $-30.12 Million | $324.63 Million | $354.75 Million | ▲ +8.5% |
| 2012 | -0.10x | $-32.16 Million | $316.97 Million | $349.13 Million | ▲ +89.5% |
| 2011 | -0.97x | $-216.99 Million | $223.70 Million | $440.70 Million | ▲ +55.9% |
| 2010 | -2.20x | $-324.93 Million | $147.75 Million | $472.68 Million | ▼ -678.9% |
| 2009 | -0.28x | $-76.37 Million | $270.50 Million | $346.87 Million | ▲ +77.6% |
| 2008 | -1.26x | $-183.28 Million | $145.64 Million | $328.92 Million | ▼ -3314.0% |
| 2007 | -0.04x | $-9.29 Million | $252.08 Million | $261.37 Million | ▲ +80.4% |
| 2006 | -0.19x | $-48.76 Million | $259.69 Million | $308.45 Million | ▼ -190.6% |
| 2005 | 0.21x | $36.22 Million | $174.85 Million | $138.63 Million | ▼ -38.1% |
| 2004 | 0.33x | $45.71 Million | $136.68 Million | $90.97 Million | ▼ -28.9% |
| 2003 | 0.47x | $80.22 Million | $170.57 Million | $90.35 Million | ▲ +819.5% |
| 2002 | -0.07x | $-14.30 Million | $218.77 Million | $233.07 Million | ▲ +94.2% |
| 2001 | -1.13x | $-201.08 Million | $177.40 Million | $378.48 Million | ▼ -39.8% |
| 2000 | -0.81x | $-60.38 Million | $74.47 Million | $134.85 Million | ▼ -115.4% |
| 1999 | -0.38x | $-28.50 Million | $75.70 Million | $104.20 Million | ▼ -175.2% |
| 1998 | 0.50x | $27.40 Million | $54.70 Million | $27.30 Million | ▲ +1.3% |
| 1997 | 0.49x | $27.70 Million | $56.00 Million | $28.30 Million | ▼ -11.6% |
| 1996 | 0.56x | $31.00 Million | $55.40 Million | $24.40 Million | ▲ +974.1% |
| 1995 | -0.06x | $-2.90 Million | $45.30 Million | $48.20 Million | ▲ +94.0% |
| 1994 | -1.06x | $-51.80 Million | $48.90 Million | $100.70 Million | — |