Black Hills Corporation (BKH) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1321151445721
Cash and cash equivalents1321151445721
Restricted cash and investments433222
Receivables162282248263148192
Inventory, net of allowances, customer advances and progress billings1231171131078791
Inventory1231171131078791
Derivative instruments and hedges, assets0204  
Regulatory current assets464981495774
Disposal group, including discontinued operation  84   
Other current assets293025277225
Other undisclosed current assets     48
Total current assets:377504571467822454
Noncurrent Assets
Property, plant and equipment5,3234,8554,541  3,205
Long-term investments and receivables224113  17
Long-term investments224113  17
Intangible assets, net (including goodwill)1,3131,3141,3071,308363357
Goodwill1,2991,2991,2991,299360353
Intangible assets, net (excluding goodwill)14148833
Derivative instruments and hedges   03 
Regulated entity, other noncurrent assets214235216247175183
Other noncurrent assets251410122129
Other undisclosed noncurrent assets     (3,223)
Total noncurrent assets:6,8986,4596,0881,567562569
Other undisclosed assets   4,4823,2713,223
TOTAL ASSETS:7,2756,9636,6596,5154,6564,246
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities363426381410338294
Accounts payable145211161153105124
Accrued liabilities218216219244232170
Taxes payable  113  
Debt30119121710277350
Derivative instruments and hedges, liabilities212233
Regulatory liability253071354
Disposal group, including discontinued operation  42   
Total current liabilities:691648649528422651
Noncurrent Liabilities
Long-term debt and lease obligation3,049    1,268
Long-term debt, excluding current maturities3,049    1,268
Liabilities, other than long-term debt1,1021,0771,0801,0429011,005
Deferred tax liabilities, net348311337536451512
Liability for uncertainty in income taxes     32
Liability, pension and other postretirement and postemployment benefits134145160174146159
Regulatory liability499511478194148145
Other liabilities121109106139155154
Derivative instruments and hedges, liabilities   003
Other undisclosed noncurrent liabilities     (1,300)
Total noncurrent liabilities:4,1511,0771,0801,042901973
Other undisclosed liabilities 2,9513,1093,2111,8671,268
Total liabilities:4,8424,6764,8394,7813,1902,892
Temporary equity, carrying amount   4  
Stockholders' equity
Stockholders' equity attributable to parent2,3292,1821,7091,6151,4661,354
Common stock616054535145
Treasury stock, value(2)(3)(2)(1)(2)(2)
Additional paid in capital1,5531,4511,1501,139953749
Accumulated other comprehensive loss(26)(27)(41)(35)(9)(15)
Retained earnings742700549458473577
Stockholders' equity attributable to noncontrolling interest103106111115  
Total stockholders' equity:2,4332,2871,8201,7301,4661,354
TOTAL LIABILITIES AND EQUITY:7,2756,9636,6596,5154,6564,246

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenue, net1,6801,5731,3051,394
Gross profit:1,7581,7541,6801,5731,3051,394
Operating expenses(1,360)(1,357)(1,264)(1,350)(1,275)(1,130)
Operating income:39939741722330264
Nonoperating income (expense)(15)03936
Investment income, nonoperating121122
Public utilities, allowance for funds used during construction, capitalized cost of equity012311
Other nonoperating income (expense)(0)(2) 5 3
Interest and debt expense (142)(138)(135)(84)(71)
Other undisclosed loss from continuing operations before equity method investments, income taxes(142) (0)(3) (1)
Income (loss) from continuing operations before equity method investments, income taxes:24225628293(51)198
Loss from equity method investments    (0)(0)
Income (loss) from continuing operations before income taxes:24225628293(52)198
Income tax expense (benefit)(10)24(73)(10)22(67)
Other undisclosed loss from continuing operations    (3) 
Income (loss) from continuing operations:23228020883(32)131
Loss from discontinued operations (7)(17)   
Other undisclosed loss before gain (loss) on sale of properties(7)     
Income (loss) before gain (loss) on sale of properties:22527219183(32)131
Other undisclosed net income (loss)60(0)   
Net income (loss):23127319183(32)131
Net loss attributable to noncontrolling interest(14)(14)(14)(10)  
Net income (loss) available to common stockholders, diluted:21725817773(32)131

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):23127319183(32)131
Other comprehensive income (loss)571(26)62
Comprehensive income (loss):23628019257(26)133
Comprehensive loss, net of tax, attributable to noncontrolling interest(14)(14)(14)(10)  
Comprehensive income (loss), net of tax, attributable to parent:22126517847(26)133

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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