BLACK HILLS POWER INC Financial Statements (2024 and earlier)

Company Profile

Business Address 7001 MT RUSHMORE RD
RAPID CITY, SD 57709
State of Incorp. SD
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2020
MRQ
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 6112162347,5596,620
Cash and cash equivalents 6112162347,5596,620
Receivables 33,37036,55034,71468,549110,416108,660
Inventory, net of allowances, customer advances and progress billings 27,95024,85323,44322,38924,28220,965
Inventory 27,95024,85323,44322,38924,28220,965
Regulatory asset 21,58819,05218,99318,11914,09610,257
Other current assets 4,9494,5384,5283,87643,1184,954
Other undisclosed current assets   19635123613,920
Total current assets: 87,86385,10581,890113,518199,707165,376
Noncurrent Assets
Property, plant and equipment  1,004,885952,873  805,294
Long-term investments and receivables 5,0794,8894,926  4,584
Long-term investments 5,0794,8894,926  4,584
Regulated entity, other noncurrent assets 54,10956,68059,71074,01571,71768,427
Deferred costs      3,300
Other noncurrent assets 18,6909,7293,7473,8163,29211,708
Other undisclosed noncurrent assets 1,094,616    (813,178)
Total noncurrent assets: 1,172,4941,076,1831,021,25677,83175,00980,135
Other undisclosed assets    902,400844,777809,878
TOTAL ASSETS: 1,260,3571,161,2881,103,1461,093,7491,119,4931,055,389
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 46,14659,31552,97151,59490,75146,958
Accounts payable 20,65425,12214,76614,15821,29730,543
Accrued liabilities 25,49234,19338,20537,43669,45416,415
Regulatory liability 3,1622,57484284 3,073
Due to related parties 32,12125,80425,65331,79930,03219,242
Other undisclosed current liabilities 82,58538,69013,397   
Total current liabilities: 164,014126,38392,86383,477120,78369,273
Noncurrent Liabilities
Long-term debt and lease obligation 340,176    342,752
Long-term debt, excluding current maturities 340,176    342,752
Liabilities, other than long-term debt 305,244290,625276,156285,854263,975270,193
Deferred tax liabilities, net114,009110,618211,443188,961193,042
Deferred income tax liabilities 112,202
Liability for uncertainty in income taxes      1,623
Liability, pension and other postretirement and postemployment benefits 14,63614,60616,28519,54420,03320,981
Regulatory liability 163,009160,642148,01353,86651,58351,916
Other liabilities 15,3971,3681,2401,0013,3982,631
Other undisclosed noncurrent liabilities      (344,375)
Total noncurrent liabilities: 645,420290,625276,156285,854263,975268,570
Other undisclosed liabilities  340,035339,895339,756342,756342,752
Total liabilities: 809,434757,043708,914709,087727,514680,595
Equity
Equity, attributable to parent 450,923404,245394,232384,662391,979374,794
Common stock 23,41623,41623,41623,41623,41623,416
Additional paid in capital 39,57539,57539,57539,57539,57539,575
Accumulated other comprehensive loss (1,380)(891)(1,258)(1,262)(1,307)(1,819)
Retained earnings 389,312342,145332,499322,933330,295313,622
Total equity: 450,923404,245394,232384,662391,979374,794
TOTAL LIABILITIES AND EQUITY: 1,260,3571,161,2881,103,1461,093,7491,119,4931,055,389

Income Statement (P&L) ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 291,219298,080288,433267,632277,864268,488
Revenue, net288,433267,632277,864268,488
Gross profit: 291,219298,080288,433267,632277,864268,488
Operating expenses (207,282)(219,745)(204,607)(182,052)(189,950)(199,374)
Operating income: 83,93778,33583,82685,58087,91469,114
Nonoperating expense (27,534)(22,018)(18,400)(17,914)(20,140)(19,040)
Other nonoperating income (expense) (5,816)(891)(185)113116143
Interest and debt expense (100)(100)(100)(100)(100)(404)
Other undisclosed income from continuing operations before equity method investments, income taxes 100100100100100404
Income from continuing operations before income taxes: 56,40356,31765,42667,66667,77450,074
Income tax expense (9,501)(10,672)(14,128)(22,528)(22,600)(16,512)
Income from continuing operations: 46,90245,64551,29845,13845,17433,562
Income before gain (loss) on sale of properties:46,90245,64551,29845,13845,17433,562
Net income available to common stockholders, diluted: 46,90245,64551,29845,13845,17433,562

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 46,90245,64551,29845,13845,17433,562
Other comprehensive income (loss) (489)367445512(622)
Comprehensive income, net of tax, attributable to parent: 46,41346,01251,30245,18345,68632,940

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: