Black hills corporation (BKH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating activities:
Net income

97,224

72,872

15,395

17,693

107,362

90,344

20,944

24,740

136,634

54,221

31,598

25,311

80,146

21,414

17,884

3,283

40,050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,483

29,787

-

-

-

-

-

-

-

31,434

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

-

-

-

-

-

-1,260

-857

-2,427

-2,343

-13,614

-1,300

-616

-1,569

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income available for common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,131

669

40,002

-

-9,943

-41,842

33,850

-

27,363

20,347

48,645

20,584

23,124

30,518

43,197

-

-

-

-

25,593

-10,525

7,752

26,910

-

-

-

-

(Income) loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-167

-166

-1,160

-5,484

6,839

638

4,046

-2,158

-

-

-

-

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

91,604

21,801

27,167

138,977

67,835

32,898

25,927

81,715

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51,846

34,623

-12,323

35,271

18,754

-11,163

3,706

29,068

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization

56,402

54,613

51,884

51,595

51,028

49,983

49,046

48,709

48,590

47,610

47,109

46,825

46,702

34,896

48,925

47,305

44,407

9,712

37,768

40,051

39,002

36,991

36,628

35,877

35,249

31,256

36,135

35,152

34,781

24,525

41,408

41,431

38,559

38,157

33,278

32,246

31,910

37,915

30,036

30,260

28,395

Deferred financing cost amortization

2,237

1,512

2,107

2,212

2,007

2,163

1,988

1,794

1,900

2,049

2,074

2,448

1,690

2,178

1,145

1,191

1,666

3,290

1,955

600

519

519

501

539

568

3,554

1,021

1,093

1,095

254

1,251

1,331

2,719

615

1,841

1,671

1,528

-

-

-

-

Impairment of investment

6,900

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,293

25,497

14,496

-

61,875

99,654

22,036

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of operating assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,238

0

2,683

Stock compensation

291

3,763

1,239

3,797

3,296

4,846

2,323

3,012

2,209

32

1,005

3,498

3,091

1,761

2,070

2,593

4,461

1,208

-230

1,015

2,083

2,351

70

3,192

3,716

3,495

2,204

3,118

3,778

2,297

2,705

1,452

1,817

803

1,655

896

2,289

2,729

937

982

989

Unrealized (gain) loss on interest rate swaps, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

776

3,144

18,793

7,456

-1,640

-1,373

6,489

-1,594

-44,315

-930

5,245

-2,010

-24,236

8,245

866

1,579

Unrealized (gain) loss on interest rate swaps, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

605

-15,552

12,045

-

-38,246

-7,827

5,465

26,470

-13,710

-24,918

-3,035

Deferred income taxes

21,876

13,639

2,446

2,333

19,602

-9,843

7,023

4,011

-25,430

15,456

13,151

11,172

41,213

44,126

5,972

27

32,579

95,512

-14,531

-20,917

14,640

21,302

12,801

9,869

26,260

10,351

18,258

16,066

20,541

22,817

17,518

-6,883

18,083

12,746

-8,982

3,992

25,844

-15,012

38,444

-9,570

3,492

Equity in (earnings) loss of unconsolidated subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

993

88

-137

1,291

317

Allowance for funds used during construction - equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

277

-

189

192

295

333

375

260

2,028

Employee benefit plans

1,235

4,441

2,282

2,546

3,137

3,427

3,730

3,533

3,378

1,671

2,753

2,475

3,242

2,461

4,048

4,316

3,466

5,441

4,708

5,184

5,283

3,705

3,700

3,706

3,703

5,550

5,548

5,548

5,548

5,236

5,245

5,246

5,246

3,656

3,643

3,645

3,642

4,128

4,071

4,203

3,940

Other adjustments, net

-892

-7,293

-201

-4,563

-4,428

1,832

-2,784

-1,831

-3,053

1,224

-2,896

4,142

2,303

3,443

-4,256

1,332

5,000

8,885

-293

3,028

-6,748

-12,399

-535

3,709

-5,190

-392

-467

-1,880

-7,087

-2,092

983

-1,577

-2,243

8,976

-3,337

-3,280

3,440

16,373

-3,283

-5,762

2,382

Changes in certain operating assets and liabilities:
Materials, supplies and fuel

-19,222

-6,178

19,037

14,476

-29,387

-5,461

26,872

12,704

-31,196

-9,422

27,264

14,708

-22,461

-6,377

22,888

8,100

-25,822

-3,598

16,600

5,471

-25,689

-12,685

24,562

14,977

-22,291

-6,752

21,462

9,579

-18,519

-3,258

19,524

-1,781

-20,828

-307

23,503

15,469

-17,280

-40,006

20,448

41,651

-21,755

Accounts receivable and other current assets

-8,171

107,747

-15,400

-115,782

15,857

118,027

-21,350

-75,824

25,113

99,429

-9,372

-55,845

-38,746

106,041

3,492

-54,802

-27,559

42,711

-12,794

-49,218

-13,954

72,195

-5,913

-126,174

78,576

47,707

-385

-33,700

5,323

42,562

7,727

-54,589

-9,439

28,359

966

-57,206

5,591

27,234

-102,627

69,829

24,044

Accounts payable and other current liabilities

-43,297

48,530

24,127

-65,874

-41,689

91,909

9,790

-25,245

-71,149

84,066

4,846

-18,575

-98,559

84,608

7,064

-51,340

-73,355

-69,493

61,039

-21,642

-44,652

22,194

10,671

-54,052

29,074

39,110

2,965

-13,102

-13,637

11,328

38,192

-17,865

-42,368

20,755

13,827

-21,056

-44,617

8,447

28,716

-25,295

-24,716

Regulatory assets - current

-20,679

-11,164

3,661

-3,085

-13,031

8,047

13,982

-7,734

-47,903

16,694

1,799

-2,850

-236

4,839

-6,591

10,994

-12,856

5,885

-590

-6,906

-20,272

-

-

-

-

-

-

-

-

-

-

-

776

-

9,672

1,937

-33,966

19,078

-601

6,083

-3,277

Regulatory liabilities - current

1,316

486

-9,296

-4,713

-1,635

-2,883

1,426

3,892

16,098

-208

-10,236

-3,175

9,083

-5,901

-11,175

-8,619

11,613

-782

-4,833

-6,431

13,721

-

-

-

-

-

-

-

-

-

-

-

18,938

-

-6,532

1,589

9,984

-7,126

-6,225

10,567

2,834

Contributions to defined benefit pension plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

0

0

25,000

0

10,500

550

0

-

-

-

-

Other operating activities, net

1,138

-2,694

-6,168

4,657

-1,796

-4,682

-3,379

1,094

278

7,008

1,285

-1,519

1,644

-5,338

3,114

-4,605

7,489

2,630

9,618

-4,873

1,658

3,354

1,771

-3,880

-1,978

4,447

-5,353

1,696

-1,102

6,309

-6,777

7,748

-610

11,966

-4,435

11,491

-5,301

8,778

-6,111

-6,989

5,335

Net cash provided by operating activities of continuing operations

-

-

-

-

-

113,443

71,086

138,464

171,334

103,578

47,820

111,959

145,673

-

-

-

-

-

-

-

-

-

-

-

-

73,747

54,381

88,153

109,232

47,304

92,968

80,634

74,881

23,477

30,718

60,078

102,421

-

-

-

-

Net cash provided by (used in) operating activities of discontinued operations

-

-

-

-

-

-3,354

-3,065

2,362

-1,459

5,253

8,741

4,070

1,167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

21,184

-6,299

-6,209

10,668

8,850

-

-

-

-

Net cash provided by operating activities

191,969

119,438

96,296

113,886

175,893

110,089

68,021

140,826

169,875

108,831

56,561

116,029

146,840

111,278

25,698

50,420

133,083

58,510

111,465

102,921

151,487

76,160

65,322

75,737

98,098

-

-

-

-

47,304

92,968

80,634

96,065

17,178

24,509

70,746

111,271

21,991

-18,229

55,071

88,919

Investing activities:
Property, plant and equipment additions

171,882

225,839

274,851

173,560

144,126

179,392

121,384

86,776

69,972

87,170

84,546

87,814

66,480

120,854

134,244

115,969

83,885

-83,096

142,999

88,949

117,523

108,195

112,997

93,693

83,609

115,264

92,255

83,291

63,939

87,715

112,607

81,155

67,652

-

-

-

121,615

148,409

152,768

89,825

81,290

Business Combination, Consideration Transferred, Net of Long Term Debt and Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-8,080

1,132,318

21,970

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investment

-

-

-

-

-

0

0

929

23,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,252

62,000

0

6,105

Other investing activities

1,202

-2,901

1,124

-1,290

901

7,047

-3,139

112

261

-851

78

-288

50

-298

211

320

329

-6,745

6,537

304

348

289

-630

-226

3,220

-2,625

-840

-976

-1,030

5,237

-962

-2,990

-1,105

5,584

-252

-13

-786

-11,134

-34

-7,104

2,865

Net cash (used in) investing activities of continuing operations

-

-

-

-

-

-186,439

-118,245

-87,817

-93,733

-86,319

-84,624

-87,526

-66,530

-

-

-

-

-

-

-

-

-

-

-

-

-112,639

-91,415

-82,315

-62,909

-85,811

135,005

-78,165

-66,547

-119,739

-102,252

-101,828

-120,829

-

-

-

-

Proceeds from sale of business operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,326

0

0

108,837

0

0

0

0

-

-

-

-

Net cash provided by investing activities of discontinued operations

-

-

-

-

-

2,361

0

-2,155

20,179

25,179

-7,824

-6,645

-2,829

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-824

-406

454

-1,478

-929

-

-

-

-

Net cash (used in) investing activities

-173,084

-222,938

-275,975

-172,270

-145,027

-184,078

-118,245

-89,972

-73,554

-61,140

-92,448

-94,171

-69,359

-128,969

-134,455

-108,209

-1,216,532

-119,729

-149,536

-89,253

-117,871

-130,826

-90,025

-93,467

-86,829

-

-

-

-

-87,137

135,005

-78,165

41,466

-120,145

-101,798

-103,306

-121,758

-135,413

-90,734

-84,971

-78,050

Financing activities:
Dividends paid on common stock

32,902

32,868

30,827

30,620

30,332

30,282

25,430

25,435

25,444

25,410

23,790

23,790

23,754

22,323

21,982

21,728

21,537

18,154

18,158

18,144

18,148

17,418

17,415

17,404

17,399

16,909

16,904

16,892

16,882

16,358

16,321

16,307

16,276

16,033

13,639

15,159

14,371

14,136

14,129

14,113

14,089

Common stock issued

99,321

-3

29,602

51,810

19,949

299,755

5

702

372

846

597

794

2,171

13,929

50,200

49,669

7,821

246,275

782

703

999

858

700

812

881

748

1,036

144

2,426

891

2,325

746

764

120,842

762

832

605

173

792

759

1,522

Net (payments) borrowings of short-term debt

-30,000

54,720

192,400

-62,150

-20,970

73,520

-9,700

-42,400

-47,100

-13,870

117,195

57,025

-45,650

21,600

0

-140,600

138,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings - issuances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

133,450

76,760

77,700

0

182,150

127,300

86,800

68,050

136,300

54,800

78,500

141,300

6,000

0

56,453

247,300

206,000

354,000

210,000

403,000

183,000

160,000

108,500

Short-term borrowings - repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121,310

73,600

50,100

109,000

130,850

94,600

69,300

123,850

98,000

199,800

110,500

89,300

6,000

0

176,453

261,300

127,000

261,000

172,000

299,000

263,000

158,000

50,000

Long-term debt - issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,192,936

28,713

545,959

0

0

300,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt - repayments

4,291

601,436

1,436

301,435

1,436

251,436

600,436

1,435

1,436

1,436

51,436

51,435

1,436

1,436

1,121,436

41,436

0

-

-

-

-

-

-

-

-

339,726

2,394

102,049

1,737

228,430

1,229

8,521

1,897

2,213

2,117

1,897

2,155

2,376

1,062

23,271

33,217

Distributions to noncontrolling interest

4,741

5,165

3,485

4,405

4,846

5,862

3,757

4,350

5,648

5,513

4,549

3,986

4,349

5,045

4,516

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

-1,391

-14,745

-44

-291

-1,657

-803

-8,930

-127

-1,400

-200

-60

-104

-6,555

-6,675

-16,490

2,614

-2,409

-1,759

-5,062

-562

-1,900

21,365

-440

-1,322

-2,451

-15,394

0

1,195

-1,195

0

-5,666

5,591

-2,758

-1,638

-12

-2

-14

1,261

-1,696

-7,465

-463

Net cash provided by (used in) financing activities of continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,980

20,038

12,398

-49,388

-191,897

-20,891

-18,491

-140,167

86,958

63,994

76,774

22,065

-

-

-

-

Net cash provided by (used in) financing activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-1

0

-157

0

-

-

-

-

Net cash provided by (used in) financing activities

25,621

100,383

186,210

52,909

-39,292

84,892

51,752

-73,045

-80,656

-45,583

37,957

-21,496

-79,573

50

78,712

93,602

668,634

475,292

-10,298

10,157

8,551

55,805

21,945

14,786

-1,469

-

-

-

-

-191,897

-20,891

-18,491

-140,167

86,957

63,994

76,617

22,065

86,885

103,905

-42,090

12,253

Net change in cash, restricted cash and cash equivalents

44,506

-3,117

6,531

-5,475

-8,426

10,903

1,528

-22,191

15,665

2,108

2,070

362

-2,092

-17,641

-30,045

35,813

-414,815

414,073

-48,369

23,825

42,167

1,139

-2,758

-2,944

9,800

-5,796

-16,996

18,236

-3,065

-231,730

207,082

-16,022

-2,636

-16,010

-13,295

44,057

11,578

-26,537

-5,058

-71,990

23,122

Supplemental Cash Flow Information [Abstract]
Interest (net of amounts capitalized)

21,776

-

-

-

30,672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

0

-

-

-

-8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued property, plant and equipment purchases at March 31

53,011

-

-

-

56,571

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-