BlackRock Virginia Municipal Bond Trust (BHV) Cash Flow Statement
Where BHV’s cash came from and went, FY2026
July 31, 2026 · U.S. dollars- Cash from operations
- $466,254 −52.6% vs FY2025
- Capital expenditures
- $4 0.0% of revenue
- Free cash flow
- $466,250 34.2% margin
- Returned to shareholders
- $831,704 178% of free cash flow
- Change in cash
- −$222,420 cash at year-end $883,739
Drawn to scale: where the cash came from and how it was used. Hover for values.
BHV operating cash flow, capex and free cash flow
BHV cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $373,683FY2017 | $466,254FY2026 | +2.5%/yr | |
| Capital expenditures | $0FY2017 | $4FY2026 | — | |
| Free cash flow | $373,683FY2017 | $466,250FY2026 | +2.5%/yr | |
| Free cash flow margin | 785.6%FY2017 | 34.2%FY2026 | −751.4 pts | |
| Operating cash flow / net income | 0.48FY2019 | 0.38FY2026 | −0.10 | |
| Dividends paid | $1.2MFY2017 | $831,704FY2026 | −3.6%/yr | |
| Share buybacks (net) | $75,425FY2023 | $158,886FY2024 | +110.7%/yr | |
| Capex / revenue | 0.0%FY2017 | 0.0%FY2026 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BHV cash flow by activity
BHV net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
BHV cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $1.2M | −$1.5M | $690,481 | −$811,629 | −$3.4M | $1.4M | $457,634 | $2.1M | −$11,390 | −$91,831 |
| Change in working capital | −$97,479 | $70,622 | −$46,634 | −$20,988 | $129,866 | $51,501 | $26,625 | $40,663 | $62,006 | −$53,624 |
| Other non-cash items | −$659,094 | $2.4M | $2.1M | $2.6M | $4.4M | −$627,451 | $829,783 | −$1.1M | $396,155 | $519,138 |
| Cash from operating activities | $466,254 | $983,525 | $2.8M | $1.7M | $1.1M | $868,056 | $1.3M | $1.0M | $446,771 | $373,683 |
| Investing activities | ||||||||||
| Capital expenditures | −$4 | $0 | −$1 | −$2 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | $139,963 | $734,357 | −$1.5M | $3.9M | $2.6M | −$447,064 | $937,064 | — | — | — |
| Cash from investing activities | $139,959 | $734,357 | −$1.5M | $3.9M | $2.6M | −$447,064 | $937,064 | — | — | — |
| Financing activities | ||||||||||
| Dividends paid | −$831,704 | −$1.0M | −$609,208 | −$688,898 | −$781,643 | −$843,882 | −$850,567 | −$1.0M | −$1.2M | −$1.2M |
| Share repurchases & issuance (net) | — | — | −$158,886 | −$75,425 | — | — | — | — | — | — |
| Net borrowing (repayment) | — | — | −$613 | $2,314 | −$2.0M | −$27,244 | −$493,150 | $21,829 | $736,703 | $778,245 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $3,071 | $1,370 | −$2.0M | −$996,930 | $174,635 | $3,070 | $2,592 | $2,583 | $2,584 | $2,585 |
| Cash from financing activities | −$828,633 | −$1.0M | −$2.8M | −$1.8M | −$2.7M | −$868,056 | −$1.3M | −$1.0M | −$458,771 | −$373,683 |
| Summary | ||||||||||
| Net change in cash | −$222,420 | −$18,000 | $18,000 | −$39,000 | −$890,315 | −$868,056 | −$27,083 | $14,133 | −$12,000 | −$1.1M |
| Cash at end of period | $883,739 | $1.1M | $18,000 | $2.9M | $39,000 | $929,315 | $1.4M | $27,083 | $12,950 | −$1.1M |
| Free cash flow | $466,250 | $562,100 | $2.8M | $1.7M | $1.1M | $868,056 | $1.3M | $1.0M | $446,771 | $373,683 |
| Free cash flow margin | 34.2% | 56.0% | 303.5% | — | 99.0% | 56.6% | 218.1% | 44.9% | 319.4% | 785.6% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | 0.38 | — | 4.03 | — | — | 0.60 | 2.87 | 0.48 | — | — |
| Jul '26 | Jan '26 | Jul '25 | Jan '25 | Jul '24 | Jan '24 | Oct '23 | Jul '23 | Apr '23 | Jan '23 | Oct '22 | Jul '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$173,445 | $1.4M | −$1.4M | −$70,086 | $355,007 | $335,474 | $335,474 | −$450,847 | −$450,847 | −$360,782 | −$360,782 | −$3.1M |
| Change in working capital | −$68,321 | −$29,158 | $52,631 | $18,213 | −$30,583 | −$15,625 | −$15,625 | $431 | $431 | −$21,419 | −$21,419 | $1.7M |
| Other non-cash items | $489,934 | −$1.1M | $1.7M | $319,738 | −$85,590 | −$267,904 | −$267,904 | $728,507 | $728,507 | $790,688 | $790,688 | $4.1M |
| Cash from operating activities | $248,168 | $218,086 | $294,234 | $267,865 | $238,834 | $51,945 | $51,945 | $278,091 | $278,091 | $408,487 | $408,487 | $2.7M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | −$4 | −$4 | −$5 | −$4 | −$5 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | −$480,878 | $620,841 | $362,428 | $371,938 | $272,616 | −$1.8M | — | $3.5M | — | $442,094 | — | — |
| Cash from investing activities | −$480,878 | $620,837 | $362,424 | $371,933 | $272,612 | −$1.8M | — | $3.5M | — | $442,094 | — | — |
| Financing activities | ||||||||||||
| Dividends paid | −$429,005 | −$402,699 | −$569,305 | −$433,590 | −$376,412 | −$232,796 | −$232,796 | −$307,663 | −$307,663 | −$381,235 | −$381,235 | −$781,640 |
| Share repurchases & issuance (net) | — | — | — | — | — | −$158,886 | −$158,886 | −$75,425 | −$75,425 | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$23,045 | $26,116 | $1,523 | $223 | $2,807 | −$2.0M | −$2.0M | $3,837 | $3,837 | −$998,453 | −$998,453 | −$1.9M |
| Cash from financing activities | −$452,050 | −$376,583 | −$567,782 | −$433,367 | −$373,605 | −$2.4M | −$2.4M | −$379,251 | −$379,251 | −$1.4M | −$1.4M | −$2.7M |
| Summary | ||||||||||||
| Net change in cash | −$684,761 | $462,341 | $1.1M | −$792,630 | −$22,000 | −$4.1M | −$4.1M | $3.4M | $3.4M | −$817,831 | $112 | $39,000 |
| Cash at end of period | $883,739 | $1.6M | $1.1M | — | $792,630 | $22,000 | $22,000 | $3.5M | $3.5M | $111,484 | $111,484 | $111,372 |
| Free cash flow | $248,170 | $218,090 | $294,230 | $267,870 | $238,830 | $51,950 | $51,945 | $278,091 | $278,091 | $408,487 | $408,487 | $2.7M |
| Free cash flow margin | 36.5% | 31.8% | 75.7% | 43.5% | 41.4% | 20.4% | 20.4% | — | — | 148.6% | 148.6% | 473.2% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | 0.16 | — | — | 0.67 | 0.15 | 0.15 | — | — | — | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
BHV cash generation
In fiscal 2026 (ended July 31, 2026), BlackRock Virginia Municipal Bond generated $0.5 million of cash from operations (down 52.6%) and spent $0.0 million on capital expenditures, leaving free cash flow of $0.5 million, 34.2% of revenue. It returned $0.8 million to shareholders through dividends ($0.8 million) and net share buybacks ($0). Cash and equivalents fell by $0.2 million over the year.
Related: BHV income statement, BHV balance sheet, BHV dividend history. See the BHV stock overview for the latest quote and news.
BHV cash flow FAQ
What is BlackRock Virginia Municipal Bond's free cash flow?
BlackRock Virginia Municipal Bond's free cash flow was $0.5 million in fiscal 2026: $0.5 million of operating cash flow minus $0.0 million of capital expenditures It was $0.6 million a year earlier..
How much cash does BlackRock Virginia Municipal Bond generate from operations?
BlackRock Virginia Municipal Bond generated $0.5 million of cash from operating activities in fiscal 2026, 0.38 times its net income of $1.2 million.
How much does BlackRock Virginia Municipal Bond spend on capital expenditures?
BlackRock Virginia Municipal Bond spent $0.0 million on capital expenditures in fiscal 2026, 0.0% of revenue.
How much does BlackRock Virginia Municipal Bond pay in dividends?
BlackRock Virginia Municipal Bond paid $0.8 million in dividends in fiscal 2026, 178.4% of free cash flow.