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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67325410137
Cash and cash equivalents67325410137
Restricted cash and investments4444444
Receivables285181191261272162180
Inventory, net of allowances, customer advances and progress billings11712610693117123103
Inventory11712610693117123103
Derivative instruments and hedges, assets2222000
Regulatory current assets52495249434649
Other current assets26332826262927
Total current assets:493404414490473377370
Noncurrent Assets
Property, plant and equipment6,0205,8525,7035,5845,5035,3235,093
Long-term investments and receivables 161515222241
Long-term investments 161515222241
Intangible assets, net (including goodwill)1,3111,3121,3121,3131,3131,3131,313
Goodwill1,2991,2991,2991,2991,2991,2991,299
Intangible assets, net (excluding goodwill)12121313131414
Regulated entity, other noncurrent assets227222221223228214234
Other noncurrent assets38242524192531
Total noncurrent assets:7,5957,4257,2767,1597,0856,8986,712
TOTAL ASSETS:8,0897,8297,6907,6497,5587,2757,081
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities427396321340420363339
Accounts payable183152119136194145151
Accrued liabilities244244202203227218189
Debt242944325355301108
Derivative instruments and hedges, liabilities2111221
Regulatory liability25225954342540
Total current liabilities:697514385720811691488
Noncurrent Liabilities
Long-term debt and lease obligation3,5283,5273,5333,1373,1403,0493,050
Long-term debt, excluding current maturities3,5283,5273,5333,1373,1403,0493,050
Liabilities, other than long-term debt1,2021,1681,1581,1681,1431,1021,123
Deferred tax liabilities, net348343
Deferred income tax liabilities409398389388361  
Liability, pension and other postretirement and postemployment benefits151144143153154134147
Regulatory liability508505506504503499515
Other liabilities135121120123125121119
Total noncurrent liabilities:4,7304,6954,6904,3054,2834,1514,173
Total liabilities:5,4265,2095,0755,0245,0944,8424,661
Stockholders' equity
Stockholders' equity attributable to parent2,5612,5192,5132,5232,3622,3292,317
Common stock63636363616161
Treasury stock, value(2)(2)(2)(2)(0)(2)(2)
Additional paid in capital1,6571,6561,6551,6531,5531,5531,522
Accumulated other comprehensive loss(27)(27)(28)(29)(31)(26)(26)
Retained earnings871829826839779742761
Stockholders' equity attributable to noncontrolling interest101101101101102103103
Total stockholders' equity:2,6632,6202,6142,6242,4642,4332,420
TOTAL LIABILITIES AND EQUITY:8,0897,8297,6907,6497,5587,2757,081

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues486347327537478326334
Cost of revenue492(128)     
Cost of goods and services sold (72)     
Gross profit:979219327537478326334
Operating expenses(853)(136)(260)(384)(356)(255)(280)
Operating income:12682671531217154
Nonoperating income (expense)(38)(37)(37)(40)118(53)(34)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (159)  
Income from continuing operations before income taxes:884530113801820
Income tax expense(7)(5)(5)(16)(8)(3)(2)
Net income:80402597731518
Net loss attributable to noncontrolling interest(3)(4)(4)(4)(4)(4)(3)
Net income available to common stockholders, diluted:77362193691215

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:80402597731518
Other comprehensive income (loss)(0)211(5)10
Comprehensive income:80422698681618
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)(4)(4)(4)(4)(4)(3)
Comprehensive income, net of tax, attributable to parent:77382294641215

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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