Black Hills Corporation (BKH) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9610211514457
Cash and cash equivalents9610211514457
Restricted cash and investments5443322
Receivables340285272282248263148
Inventory, net of allowances, customer advances and progress billings15111711711711310787
Inventory15111711711711310787
Derivative instruments and hedges, assets420204 
Regulatory current assets270524349814957
Disposal group, including discontinued operation    84  
Other current assets29262630252772
Total current assets:808493473504571467822
Noncurrent Assets
Property, plant and equipment6,4496,0205,5034,8554,541  
Long-term investments and receivables  224113  
Long-term investments  224113  
Intangible assets, net (including goodwill)1,3101,3111,3131,3141,3071,308363
Goodwill1,2991,2991,2991,2991,2991,299360
Intangible assets, net (excluding goodwill)11121314883
Derivative instruments and hedges     03
Regulated entity, other noncurrent assets526227228235216247175
Other noncurrent assets38381914101221
Total noncurrent assets:8,3247,5957,0856,4596,0881,567562
Other undisclosed assets     4,4823,271
TOTAL ASSETS:9,1328,0897,5586,9636,6596,5154,656
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities463427420426381410338
Accounts payable218183194211161153105
Accrued liabilities245244227216219244232
Taxes payable    113 
Debt42024235519121710277
Derivative instruments and hedges, liabilities1221223
Regulatory liability182534307135
Disposal group, including discontinued operation    42  
Total current liabilities:902697811648649528422
Noncurrent Liabilities
Long-term debt and lease obligation4,1273,5283,140    
Long-term debt, excluding current maturities4,1273,5283,140    
Liabilities, other than long-term debt1,2161,2021,1431,0771,0801,042901
Deferred tax liabilities, net311337536451
Deferred income tax liabilities465409361
Liability, pension and other postretirement and postemployment benefits124151154145160174146
Regulatory liability485508503511478194148
Other liabilities141135125109106139155
Derivative instruments and hedges, liabilities     00
Total noncurrent liabilities:5,3434,7304,2831,0771,0801,042901
Other undisclosed liabilities   2,9513,1093,2111,867
Total liabilities:6,2455,4265,0944,6764,8394,7813,190
Temporary equity, carrying amount     4 
Stockholders' equity
Stockholders' equity attributable to parent2,7872,5612,3622,1821,7091,6151,466
Common stock65636160545351
Treasury stock, value(4)(2)(0)(3)(2)(1)(2)
Additional paid in capital1,7831,6571,5531,4511,1501,139953
Accumulated other comprehensive loss(20)(27)(31)(27)(41)(35)(9)
Retained earnings962871779700549458473
Stockholders' equity attributable to noncontrolling interest100101102106111115 
Total stockholders' equity:2,8872,6632,4642,2871,8201,7301,466
TOTAL LIABILITIES AND EQUITY:9,1328,0897,5586,9636,6596,5154,656

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,9491,6971,7351,7541,6801,5731,305
Revenue, net1,6801,5731,305
Gross profit:1,9491,6971,7351,7541,6801,5731,305
Operating expenses(1,540)(1,269)(1,329)(1,357)(1,264)(1,350)(1,275)
Operating income:40942840639741722330
Nonoperating income (expense)(151)(153)(4)0393
Investment income, nonoperating2122112
Public utilities, allowance for funds used during construction, capitalized cost of equity  01231
Other nonoperating income (expense)1(2)(6)(2) 5 
Interest and debt expense(152)(143)(138)(142)(138)(135)(84)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 143(21) (0)(3) 
Income (loss) from continuing operations before equity method investments, income taxes:10627624325628293(51)
Loss from equity method investments      (0)
Other undisclosed income from continuing operations before income taxes152      
Income (loss) from continuing operations before income taxes:25827624325628293(52)
Income tax expense (benefit)(7)(33)(30)24(73)(10)22
Other undisclosed loss from continuing operations      (3)
Income (loss) from continuing operations:25124321328020883(32)
Loss from discontinued operations   (7)(17)  
Income (loss) before gain (loss) on sale of properties:25124321327219183(32)
Other undisclosed net income (loss)   0(0)  
Net income (loss):25124321327319183(32)
Net loss attributable to noncontrolling interest(15)(15)(14)(14)(14)(10) 
Net income (loss) available to common stockholders, diluted:23722819925817773(32)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):25124321327319183(32)
Other comprehensive income (loss)73(4)71(26)6
Comprehensive income (loss):25924621028019257(26)
Comprehensive loss, net of tax, attributable to noncontrolling interest(15)(15)(14)(14)(14)(10) 
Comprehensive income (loss), net of tax, attributable to parent:24423119626517847(26)

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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