Black Hills Corporation (BKH) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2020
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 investments61021151445721
Cash and cash equivalents61021151445721
Restricted cash and investments4433222
Receivables285272282248263148192
Inventory, net of allowances, customer advances and progress billings1171171171131078791
Inventory1171171171131078791
Derivative instruments and hedges, assets20204  
Regulatory current assets52434981495774
Disposal group, including discontinued operation   84   
Other current assets26263025277225
Other undisclosed current assets      48
Total current assets:493473504571467822454
Noncurrent Assets
Property, plant and equipment6,0205,5034,8554,541  3,239
Long-term investments and receivables 224113  17
Long-term investments 224113  17
Intangible assets, net (including goodwill)1,3111,3131,3141,3071,308363357
Goodwill1,2991,2991,2991,2991,299360353
Intangible assets, net (excluding goodwill)1213148833
Derivative instruments and hedges    03 
Regulated entity, other noncurrent assets227228235216247175183
Other noncurrent assets38191410122129
Other undisclosed noncurrent assets      (3,257)
Total noncurrent assets:7,5957,0856,4596,0881,567562569
Other undisclosed assets    4,4823,2713,257
TOTAL ASSETS:8,0897,5586,9636,6596,5154,6564,280
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities427420426381410338294
Accounts payable183194211161153105124
Accrued liabilities244227216219244232170
Taxes payable   113  
Debt24235519121710277350
Derivative instruments and hedges, liabilities2212233
Regulatory liability25343071354
Disposal group, including discontinued operation   42   
Total current liabilities:697811648649528422651
Noncurrent Liabilities
Long-term debt and lease obligation3,5283,140    1,268
Long-term debt, excluding current maturities3,5283,140    1,268
Liabilities, other than long-term debt1,2021,1431,0771,0801,0429011,017
Deferred tax liabilities, net✕✕311337536451524
Deferred income tax liabilities409361✕✕✕✕✕
Liability for uncertainty in income taxes      32
Liability, pension and other postretirement and postemployment benefits151154145160174146159
Regulatory liability508503511478194148145
Other liabilities135125109106139155154
Derivative instruments and hedges, liabilities    003
Other undisclosed noncurrent liabilities      (1,300)
Total noncurrent liabilities:4,7304,2831,0771,0801,042901985
Other undisclosed liabilities  2,9513,1093,2111,8671,268
Total liabilities:5,4265,0944,6764,8394,7813,1902,904
Temporary equity, carrying amount    4  
Stockholders' equity
Stockholders' equity attributable to parent2,5612,3622,1821,7091,6151,4661,376
Common stock63616054535145
Treasury stock, value(2)(0)(3)(2)(1)(2)(2)
Additional paid in capital1,6571,5531,4511,1501,139953749
Accumulated other comprehensive loss(27)(31)(27)(41)(35)(9)(15)
Retained earnings871779700549458473599
Stockholders' equity attributable to noncontrolling interest101102106111115  
Total stockholders' equity:2,6632,4642,2871,8201,7301,4661,376
TOTAL LIABILITIES AND EQUITY:8,0897,5586,9636,6596,5154,6564,280

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenue, net✕✕✕1,6801,5731,3051,394
Gross profit:1,6971,7351,7541,6801,5731,3051,394
Operating expenses(1,269)(1,329)(1,357)(1,264)(1,350)(1,275)(1,133)
Operating income:42840639741722330261
Nonoperating income (expense)(153)(4)03936
Investment income, nonoperating1221122
Public utilities, allowance for funds used during construction, capitalized cost of equity 012311
Other nonoperating income (expense)(2)(6)(2) 5 3
Interest and debt expense(143)(138)(142)(138)(135)(84)(71)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes143(21) (0)(3) (1)
Income (loss) from continuing operations before equity method investments, income taxes:27624325628293(51)194
Loss from equity method investments     (0)(0)
Income (loss) from continuing operations before income taxes:27624325628293(52)194
Income tax expense (benefit)(33)(30)24(73)(10)22(65)
Other undisclosed loss from continuing operations     (3) 
Income (loss) from continuing operations:24321328020883(32)129
Loss from discontinued operations  (7)(17)   
Income (loss) before gain (loss) on sale of properties:24321327219183(32)129
Other undisclosed net income (loss)  0(0)   
Net income (loss):24321327319183(32)129
Net loss attributable to noncontrolling interest(15)(14)(14)(14)(10)  
Net income (loss) available to common stockholders, diluted:22819925817773(32)129

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):24321327319183(32)129
Other comprehensive income (loss)3(4)71(26)62
Comprehensive income (loss):24621028019257(26)131
Comprehensive loss, net of tax, attributable to noncontrolling interest(15)(14)(14)(14)(10)  
Comprehensive income (loss), net of tax, attributable to parent:23119626517847(26)131

Statements sources

The financial statements are based on the company's filings with the 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.

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