Black Hills (BKH) Financial Statements
Price: $60.65
Market Cap: $4.37B
Avg Volume: 490.55K
Market Cap: $4.37B
Avg Volume: 490.55K
Country: US
Industry: Diversified Utilities
Sector: Utilities
Industry: Diversified Utilities
Sector: Utilities
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Black Hills.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.13B | $2.33B | $458.50M | $413.90M | $1.70B | $1.73B | $1.75B | $1.68B | $1.57B | $1.30B |
| Cost of Revenue | $1 | $1.53B | $1.78B | $1.24B | $1.04B | $1.12B | $1.16B | $1.08B | $1.05B | $869.80M |
| Gross Profit | $2.13B | $796.40M | $-1.32B | $-829.72M | $652.70M | $615.20M | $593.40M | $605.00M | $518.60M | $434.80M |
| Gross Profit Ratio | 100.00% | 34.20% | -288.00% | -200.50% | 38.46% | 35.46% | 33.83% | 36.01% | 32.97% | 33.33% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $4.40M | $365.00K | $834.00K | $2.95M | $213.00K | $3.18M | $- | $- | $- |
| Other Expenses | $1.62B | $319.30M | $3.20M | $4.40M | $224.50M | $209.10M | $-1.20M | $2.10M | $4.50M | $2.40M |
| Operating Expenses | $1.62B | $323.70M | $3.20M | $4.40M | $224.50M | $209.10M | $196.30M | $188.20M | $189.00M | $155.40M |
| Cost and Expenses | $1.62B | $1.86B | $3.20M | $4.40M | $1.27B | $1.33B | $1.36B | $1.26B | $1.24B | $1.03B |
| Interest Income | $13.50M | $12.10M | $1.59M | $1.71M | $1.46M | $1.63M | $1.60M | $1.00M | $1.40M | $1.60M |
| Interest Expense | $195.20M | $180.00M | $161.00M | $152.40M | $143.50M | $139.29M | $141.60M | $138.10M | $135.40M | $83.70M |
| Depreciation and Amortization | $270.10M | $256.80M | $250.91M | $235.95M | $224.46M | $209.12M | $196.33M | $188.25M | $175.53M | $155.37M |
| EBITDA | $785.30M | $735.50M | $706.61M | $645.64M | $649.81M | $614.95M | $590.19M | $604.98M | $511.71M | $181.17M |
| EBITDA Ratio | 36.91% | 31.55% | 99.67% | 99.28% | 38.33% | 36.60% | 33.85% | 36.19% | 33.34% | 33.63% |
| Operating Income | $503.10M | $472.70M | $206.09M | $174.95M | $428.30M | $406.00M | $397.00M | $-138.10M | $222.60M | $29.80M |
| Operating Income Ratio | 23.65% | 20.28% | 44.95% | 42.27% | 25.24% | 23.40% | 22.63% | -8.22% | 14.15% | 2.28% |
| Total Other Income Expenses Net | $-183.10M | $-171.10M | $-159.20M | $-150.90M | $-152.62M | $-163.14M | $-141.16M | $-134.99M | $-130.29M | $-80.22M |
| Income Before Tax | $320.00M | $301.60M | $296.00M | $258.50M | $275.50M | $243.00M | $255.90M | $281.80M | $93.10M | $-54.30M |
| Income Before Tax Ratio | 15.04% | 12.94% | 64.56% | 62.45% | 16.24% | 14.01% | 14.59% | 16.77% | 5.92% | -4.16% |
| Income Tax Expense | $36.30M | $25.60M | $25.20M | $7.20M | $32.90M | $29.60M | $-23.70M | $66.40M | $10.50M | $-22.20M |
| Net Income | $273.10M | $262.20M | $258.40M | $236.70M | $227.61M | $199.30M | $258.50M | $184.10M | $72.90M | $-32.10M |
| Net Income Ratio | 12.84% | 11.25% | 56.36% | 57.19% | 13.41% | 11.49% | 14.74% | 10.96% | 4.63% | -2.46% |
| EPS | $3.91 | $3.91 | $3.98 | $3.74 | $3.65 | $3.29 | $4.75 | $3.46 | $1.41 | $-0.63 |
| EPS Diluted | $3.91 | $3.91 | $3.97 | $3.74 | $3.65 | $3.28 | $4.66 | $3.34 | $1.37 | $-0.63 |
| Weighted Average Shares Outstanding | 69.80M | 67.00M | 64.86M | 63.22M | 62.38M | 60.66M | 54.40M | 53.20M | 51.90M | 51.19M |
| Weighted Average Shares Outstanding Diluted | 69.90M | 67.10M | 65.02M | 63.33M | 62.44M | 60.80M | 55.50M | 55.10M | 53.30M | 51.19M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $16.10M | $86.60M | $21.43M | $8.92M | $6.36M | $9.78M | $20.78M | $15.42M | $13.58M | $456.54M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $16.10M | $86.60M | $21.43M | $8.92M | $6.36M | $9.78M | $20.78M | $15.42M | $13.58M | $456.54M |
| Net Receivables | $371.00M | $368.80M | $508.20M | $339.67M | $285.41M | $272.25M | $282.13M | $248.33M | $259.31M | $147.85M |
| Inventory | $153.90M | $160.90M | $207.42M | $150.98M | $117.40M | $117.17M | $117.30M | $113.28M | $107.21M | $86.94M |
| Other Current Assets | $201.30M | $210.30M | $329.10M | $308.56M | $84.13M | $73.98M | $83.63M | $193.75M | $88.11M | $129.12M |
| Total Current Assets | $742.30M | $826.60M | $1.07B | $808.13M | $493.29M | $473.18M | $503.83M | $570.78M | $466.81M | $822.15M |
| Property Plant Equipment Net | $7.63B | $7.12B | $6.80B | $6.45B | $6.02B | $5.50B | $4.85B | $4.54B | $4.47B | $3.26B |
| Goodwill | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $359.76M |
| Intangible Assets | $7.60M | $8.40M | $9.59M | $10.77M | $11.94M | $13.27M | $14.34M | $7.56M | $8.39M | $3.38M |
| Goodwill and Intangible Assets | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $363.14M |
| Long Term Investments | $- | $- | $535.00K | $-465.39M | $-408.62M | $21.93M | $41.01M | $13.09M | $12.56M | $11.98M |
| Tax Assets | $- | $- | $508.94M | $465.39M | $408.62M | $228.06M | $311.33M | $336.52M | $535.61M | $450.58M |
| Other Non-Current Assets | $343.30M | $366.60M | $-69.94M | $564.36M | $264.38M | $19.38M | $-61.52M | $-109.93M | $-276.37M | $-251.45M |
| Total Non-Current Assets | $9.28B | $8.79B | $8.55B | $8.32B | $7.60B | $7.09B | $6.46B | $6.09B | $6.05B | $3.83B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $10.02B | $9.62B | $9.62B | $9.13B | $8.09B | $7.56B | $6.96B | $6.66B | $6.52B | $4.66B |
| Account Payables | $229.10M | $186.40M | $310.02M | $217.76M | $183.34M | $193.52M | $210.61M | $160.89M | $152.13M | $89.79M |
| Short Term Debt | $133.80M | $600.00M | $1.06B | $420.18M | $242.48M | $356.42M | $191.36M | $217.04M | $102.34M | $76.80M |
| Tax Payables | $54.70M | $52.70M | $52.43M | $50.87M | $47.10M | $44.55M | $42.51M | $43.05M | $52.56M | $32.39M |
| Deferred Revenue | $- | $- | $47.66M | $48.81M | $52.19M | $54.73M | $43.57M | $44.42M | $51.63M | $53.50M |
| Other Current Liabilities | $345.80M | $346.00M | $243.64M | $212.90M | $223.61M | $216.80M | $203.75M | $228.12M | $220.90M | $207.37M |
| Total Current Liabilities | $763.40M | $1.19B | $1.67B | $901.71M | $696.53M | $811.29M | $648.23M | $649.10M | $527.93M | $422.03M |
| Long Term Debt | $- | $3.80B | $3.61B | $4.13B | $3.53B | $3.14B | $2.95B | $3.11B | $3.21B | $1.87B |
| Deferred Revenue Non-Current | $- | $- | $- | $609.30M | $658.22M | $657.62M | $656.13M | $637.94M | $371.94M | $294.79M |
| Deferred Tax Liabilities Non-Current | $625.10M | $548.00M | $508.94M | $465.39M | $408.62M | $360.72M | $311.33M | $336.52M | $535.61M | $450.58M |
| Other Non-Current Liabilities | $5.05B | $780.30M | $1.25B | $750.75M | $789.08M | $778.09M | $765.51M | $743.67M | $1.05B | $436.98M |
| Total Non-Current Liabilities | $5.67B | $5.13B | $4.86B | $5.34B | $4.73B | $4.28B | $4.03B | $4.19B | $4.26B | $2.77B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $6.44B | $6.31B | $6.53B | $6.24B | $5.43B | $5.09B | $4.68B | $4.84B | $4.79B | $3.19B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $71.70M | $68.30M | $66.14M | $64.79M | $62.83M | $61.48M | $60.05M | $53.58M | $53.40M | $51.23M |
| Retained Earnings | $1.25B | $1.16B | $1.06B | $962.46M | $870.74M | $778.78M | $700.40M | $548.62M | $457.93M | $472.53M |
| Accumulated Other Comprehensive Income Loss | $-9.40M | $-14.80M | $-15.57M | $-20.08M | $-27.35M | $-30.66M | $-26.92M | $-41.20M | $-34.88M | $-9.05M |
| Other Total Stockholders Equity | $2.19B | $2.00B | $1.88B | $1.78B | $1.66B | $1.55B | $1.45B | $1.15B | $1.14B | $951.16M |
| Total Stockholders Equity | $3.50B | $3.22B | $2.99B | $2.79B | $2.56B | $2.36B | $2.18B | $1.71B | $1.61B | $1.47B |
| Total Equity | $3.59B | $3.31B | $3.09B | $2.89B | $2.66B | $2.46B | $2.29B | $1.82B | $1.73B | $1.47B |
| Total Liabilities and Stockholders Equity | $10.02B | $9.62B | $9.62B | $9.13B | $8.09B | $7.56B | $6.96B | $6.66B | $6.52B | $4.66B |
| Minority Interest | $83.70M | $90.50M | $94.98M | $100.03M | $101.26M | $101.95M | $105.83M | $111.23M | $115.50M | $- |
| Total Liabilities and Total Equity | $10.02B | $9.62B | $9.62B | $9.13B | $8.09B | $7.56B | $6.96B | $6.66B | $6.52B | $4.66B |
| Total Investments | $- | $-548.00M | $535.00K | $-465.39M | $-408.62M | $21.93M | $41.01M | $13.09M | $12.56M | $11.98M |
| Total Debt | $133.80M | $4.40B | $4.67B | $4.55B | $3.77B | $3.50B | $3.14B | $3.33B | $3.31B | $1.94B |
| Net Debt | $133.80M | $4.31B | $4.65B | $4.54B | $3.76B | $3.49B | $3.12B | $3.31B | $3.30B | $1.49B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $283.70M | $262.20M | $270.76M | $251.26M | $242.76M | $213.32M | $279.55M | $208.38M | $82.63M | $-32.11M |
| Depreciation and Amortization | $270.10M | $256.80M | $250.91M | $245.54M | $243.31M | $241.27M | $204.88M | $217.62M | $310.29M | $430.00M |
| Deferred Income Tax | $52.00M | $25.40M | $25.59M | $7.26M | $38.09M | $38.02M | $-24.24M | $80.99M | $36.22M | $-26.03M |
| Stock Based Compensation | $10.60M | $7.00M | $8.60M | $9.70M | $5.37M | $12.10M | $12.39M | $7.63M | $10.88M | $4.08M |
| Change in Working Capital | $106.30M | $382.80M | $33.42M | $-592.44M | $818.00K | $-16.82M | $8.56M | $-53.72M | $-77.98M | $69.81M |
| Accounts Receivables | $-25.70M | $204.50M | $-184.45M | $-43.17M | $-10.84M | $7.58M | $150.57M | $62.91M | $22.24M | $-336.44M |
| Inventory | $- | $51.40M | $-75.40M | $-35.71M | $2.75M | $2.05M | $-2.92M | $-10.09M | $1.10M | $7.20M |
| Accounts Payables | $28.80M | $-109.90M | $89.41M | $10.66M | $24.66M | $-34.91M | $5.30M | $-28.22M | $-40.20M | $-1.07M |
| Other Working Capital | $103.20M | $236.80M | $203.87M | $-524.22M | $-15.75M | $8.46M | $-144.40M | $-78.32M | $-61.12M | $400.12M |
| Other Non Cash Items | $-3.40M | $10.20M | $-4.43M | $14.15M | $11.51M | $17.62M | $7.67M | $-32.63M | $-41.58M | $-17.74M |
| Net Cash Provided by Operating Activities | $719.30M | $944.40M | $584.80M | $-64.56M | $541.86M | $505.51M | $488.81M | $428.26M | $320.46M | $428.00M |
| Investments in Property Plant and Equipment | $-744.20M | $-555.60M | $-604.37M | $-677.49M | $-767.40M | $-818.38M | $-457.52M | $-326.01M | $-474.78M | $-455.48M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $-907.87M | $-21.97M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $-24.43M | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-1.80M | $18.90M | $485.00K | $13.26M | $5.74M | $2.17M | $16.10M | $8.35M | $-1.11B | $-20.91M |
| Net Cash Used for Investing Activities | $-746.00M | $-536.70M | $-603.88M | $-664.23M | $-761.66M | $-816.21M | $-465.85M | $-317.66M | $-1.59B | $-476.39M |
| Debt Repayment | $-16.20M | $-260.60M | $- | $777.70M | $275.94M | $358.14M | $-154.74M | $8.96M | $623.10M | $26.80M |
| Common Stock Issued | $181.40M | $118.30M | $90.10M | $119.00M | $99.28M | $101.36M | $300.83M | $4.41M | $121.62M | $538.79M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-182.30M | $-168.10M | $-156.70M | $-145.00M | $-135.44M | $-124.65M | $-106.59M | $-96.74M | $-87.57M | $-72.60M |
| Other Financing Activities | $-25.80M | $-31.30M | $189.00M | $-19.80M | $-22.90M | $-34.64M | $-56.56M | $-25.32M | $305.47M | $-9.28M |
| Net Cash Used Provided by Financing Activities | $-42.90M | $-341.70M | $32.25M | $731.87M | $216.88M | $300.21M | $-17.06M | $-108.69M | $841.00M | $483.70M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-69.60M | $66.00M | $13.18M | $3.07M | $-2.92M | $-10.49M | $5.91M | $1.90M | $-427.28M | $435.32M |
| Cash at End of Period | $23.40M | $93.00M | $26.98M | $13.81M | $10.74M | $13.66M | $24.14M | $15.42M | $13.58M | $456.54M |
| Cash at Beginning of Period | $93.00M | $27.00M | $13.81M | $10.74M | $13.66M | $24.14M | $18.24M | $13.52M | $440.86M | $21.22M |
| Operating Cash Flow | $719.30M | $944.40M | $584.80M | $-64.56M | $541.86M | $505.51M | $488.81M | $428.26M | $320.46M | $428.00M |
| Capital Expenditure | $-744.20M | $-555.60M | $-604.37M | $-677.49M | $-767.40M | $-818.38M | $-457.52M | $-326.01M | $-474.78M | $-455.48M |
| Free Cash Flow | $-24.90M | $388.80M | $-19.56M | $-742.06M | $-225.54M | $-312.86M | $31.29M | $102.25M | $-154.32M | $-27.48M |