Black Hills Corporation BKH Balance Sheet

Black hills corporation (BKH)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
ASSETS
Current assets:
Cash and cash equivalents
54	9	13	6	12	20	10	8	30	15	13	11	11	13	31	61	26	440	38	87	63	21	11	14	17	7	13	30	12	15	247	40	56	21	30	21	26	16	58	64	136	112	137	122
Restricted cash and equivalents
4	3	3	3	3	3	3	3	2	2	2	2	2	2	2	1	1	1	2	2	2	2	1	0	0	0	6	7	6	7	7	4	8	9	4	3	3	4	17	16	27	17	0	0
Accounts receivable, net
238	255	148	166	282	269	152	175	257	248	150	166	221	259	154	150	206	147	115	123	178	189	123	135	203	177	114	132	168	163	104	109	143	156	102	108	151	171	234	208	242	274	208	181
Materials, supplies and fuel
92	117	123	102	87	117	122	95	82	113	122	95	80	103	113	85	78	86	90	73	66	91	105	81	66	88	95	73	64	77	80	61	63	84	84	61	45	62	145	135	91	123	99	88
Derivative assets, current
1	0	0	0	0	1	1	0	0	0	0	0	0	3	4	4	1	0	0	0	0	0	0	1	1	0	0	0	1	3	16	16	17	18	12	9	7	12	71	54	54	37	56	75
Income tax receivable, net
22	16	12	13	15	12	11	11	13	0	0	0	0	-	-	-	-	0	0	0	0	2	1	1	1	1	4	0	0	0	11	12	10	9	4	6	20	0	25	0	0	2	0	0
Deferred income tax assets, net, current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	52	23	48	34	23	25	18	37	38	38	77	33	30	23	37	37	20	20	20	15	19	5	4	13	17
Regulatory assets, current
49	43	46	48	54	48	48	50	54	81	61	53	53	49	50	54	54	57	51	47	56	74	68	64	62	24	30	26	23	31	24	34	56	59	45	37	36	66	55	41	42	25	12	14
Other current assets
26	26	29	27	28	29	32	31	24	25	25	20	21	23	30	30	34	71	55	51	47	24	26	21	24	25	27	27	28	28	44	26	26	21	25	17	17	14	20	13	26	27	31	31
Current assets held for sale
-	-	-	-	0	-	2	3	24	84	8	8	9	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	340	332	358	295	314	-	-	-	-	-	-
Total current assets
489	473	377	369	484	503	384	380	492	570	385	359	401	466	387	388	402	806	402	438	438	454	373	344	404	345	328	338	343	405	570	336	407	758	679	645	625	684	644	553	625	624	560	531
Investments
15	21	21	41	41	41	41	41	40	13	12	12	12	12	12	12	12	11	12	12	17	17	17	17	16	16	16	16	16	16	16	16	16	17	17	17	17	17	17	18	18	18	19	20
Property, plant and equipment
6,808	6,784	6,567	6,317	6,127	6,000	5,819	5,702	5,608	5,567	5,499	5,423	5,337	5,315	6,306	6,209	6,063	4,976	4,882	4,726	4,652	4,563	4,493	4,408	4,318	4,259	4,152	4,066	3,977	3,930	3,950	3,863	3,800	3,724	3,656	3,550	3,454	3,353	3,243	3,141	3,045	2,975	2,891	2,819
Less: accumulated depreciation and depletion
1,223	1,281	1,243	1,224	1,187	1,145	1,118	1,087	1,048	1,026	1,000	964	928	929	1,841	1,819	1,742	1,717	1,617	1,522	1,407	1,357	1,373	1,361	1,334	1,306	1,258	1,234	1,210	1,188	1,253	1,006	980	934	931	913	886	861	880	852	830	815	795	773
Total property, plant and equipment, net
5,584	5,503	5,323	5,092	4,939	4,854	4,700	4,614	4,559	4,541	4,498	4,458	4,408	4,386	4,465	4,389	4,321	3,259	3,264	3,203	3,244	3,205	3,120	3,047	2,983	2,953	2,893	2,831	2,766	2,742	2,696	2,856	2,819	2,789	2,725	2,637	2,567	2,491	2,362	2,288	2,214	2,160	2,095	2,046
Other assets:
Goodwill
1,299	1,299	1,299	1,299	1,299	1,299	1,299	1,299	1,299	1,299	1,299	1,299	1,299	1,299	1,300	1,303	1,306	359	359	353	353	353	353	353	353	353	353	353	353	353	353	353	353	353	353	353	353	353	353	353	353	353	353	359
Intangible assets, net
13	13	13	13	14	14	6	7	7	7	7	7	8	8	8	9	10	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	4	4	4	4	4	4	4	4
Derivative assets, non-current
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	3	0	0	0	0	0	-	-	0	0	-	0	0	1	1	0	1	3	0	1	2	12	9	5	3	5	5
Regulatory assets, non-current
222	228	214	234	232	235	212	210	212	216	239	244	249	246	234	220	239	175	182	180	178	183	140	138	138	138	183	180	181	188	191	186	186	182	142	139	140	138	124	121	117	135	120	133
Other assets, non-current
24	19	25	30	25	14	17	17	14	10	11	13	11	11	12	15	11	7	7	17	16	29	29	31	28	27	22	22	21	19	19	19	21	19	20	19	19	19	20	21	18	16	7	11
Noncurrent assets held for sale
-	-	-	-	-	-	0	0	-	-	108	113	108	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other assets, non-current
1,559	1,560	1,552	1,577	1,571	1,563	1,535	1,533	1,534	1,533	1,667	1,679	1,676	1,676	1,556	1,548	1,567	549	552	554	552	569	526	526	523	522	562	559	559	565	570	565	565	561	522	516	518	517	514	510	499	513	492	513
Assets
7,648	7,558	7,274	7,081	7,037	6,963	6,661	6,570	6,626	6,658	6,563	6,509	6,499	6,541	6,420	6,339	6,303	4,626	4,231	4,208	4,253	4,245	4,038	3,934	3,928	3,837	3,801	3,746	3,686	3,729	3,853	3,774	3,807	4,127	3,945	3,817	3,729	3,711	3,540	3,370	3,358	3,317	3,168	3,111
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable
136	193	145	150	178	210	115	104	106	160	94	99	104	152	110	115	100	89	91	78	88	124	100	100	149	130	77	88	82	84	69	59	59	104	91	84	104	146	201	206	194	229	184	175
Accrued liabilities
203	226	217	188	196	215	201	190	194	219	206	191	196	235	228	218	272	232	229	160	166	170	163	141	145	151	152	135	140	154	179	158	151	151	161	131	127	147	166	130	140	151	150	133
Derivative liabilities, current
0	2	2	1	0	0	1	0	0	2	1	0	0	1	1	28	3	2	3	3	3	3	3	3	3	3	65	69	89	96	86	85	76	84	101	65	59	64	108	91	68	57	68	69
Accrued income taxes, net
-	-	-	-	-	-	0	0	-	1	5	5	3	12	10	10	10	0	0	0	0	-	0	-	-	-	-	-	1	4	0	0	0	0	-	-	-	3	0	13	10	0	15	27
Regulatory liabilities, current
54	33	25	39	45	29	41	52	42	6	7	17	22	13	16	34	35	4	5	10	17	3	0	0	0	10	14	20	19	13	10	16	35	16	10	17	15	3	12	22	9	7	30	36
Notes payable
319	349	294	102	164	185	112	121	164	211	225	107	50	96	75	75	215	76	117	105	102	75	184	132	100	82	138	100	245	277	225	225	225	345	359	380	287	249	145	225	223	164	350	270
Current maturities of long-term debt
5	5	5	5	5	5	255	255	255	5	5	5	5	5	5	930	0	0	0	0	-	275	275	275	0	0	255	255	104	103	328	227	8	2	2	3	4	5	5	4	24	35	32	32
Current liabilities held for sale
-	-	-	-	0	-	2	5	24	41	7	10	7	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	173	171	182	163	173	-	-	-	-	-	-
Total current liabilities
719	811	691	488	591	648	730	730	788	649	554	438	391	527	449	1,412	639	406	448	358	379	651	727	653	399	378	704	669	681	734	898	773	556	878	898	864	761	793	639	693	671	644	831	744
Long-term debt, net of current maturities
3,136	3,140	3,049	3,049	2,950	2,950	2,951	2,858	2,858	3,109	3,109	3,160	3,210	3,211	3,211	2,221	3,159	1,853	1,553	1,556	1,531	1,267	1,107	1,121	1,396	1,396	955	958	936	938	942	1,044	1,272	1,280	1,282	1,183	1,184	1,186	1,188	990	993	1,015	719	719
Deferred credits and other liabilities:
Deferred Income Tax Liabilities, Net
387	360	347	343	337	311	292	289	290	336	618	609	600	561	533	530	500	450	494	510	503	511	494	463	454	419	403	387	367	385	338	316	317	300	317	304	301	-275	279	271	270	262	228	233
Derivative liabilities, non-current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	14	0	0	1	2	2	3	4	4	5	11	12	15	16	41	42	43	49	22	17	15	17	25	18	12	11	27	12
Regulatory liabilities, non-current
504	503	498	514	511	510	508	497	495	478	198	199	196	193	186	195	200	148	152	150	148	145	118	119	116	109	131	129	126	127	120	114	112	108	85	83	90	84	79	50	44	42	40	39
Benefit plan liabilities
152	154	134	146	145	145	151	162	160	159	149	176	174	173	171	173	181	146	158	165	162	158	108	116	113	111	169	177	172	167	167	162	157	177	124	131	128	124	122	148	144	140	135	160
Other deferred credits and other liabilities
122	124	120	118	118	109	105	104	105	105	113	112	112	115	141	122	124	155	136	154	154	154	144	137	129	133	133	129	125	125	129	124	123	123	127	124	133	128	125	115	114	114	123	121
Total deferred credits and other liabilities
1,167	1,142	1,101	1,123	1,112	1,076	1,059	1,054	1,051	1,080	1,103	1,120	1,108	1,068	1,033	1,021	1,020	900	942	983	971	973	869	841	818	779	849	836	807	823	797	760	754	759	676	660	669	631	632	603	585	572	555	567
Non-current liabilities held for sale
-	-	-	-	-	-	0	0	-	-	23	23	23	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commitments and contingencies (See Notes 7, 9, 12, 13)
-	-	-	-	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Redeemable noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	4	4	4	4	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity:
Stockholders’ equity -
Common stock $1 par value; 100,000,000 shares authorized; issued 62,772,978 and 61,480,658 shares, respectively
62	61	61	61	60	60	53	53	53	53	53	53	53	53	53	52	51	51	44	44	44	44	44	44	44	44	44	44	44	44	44	44	44	43	39	39	39	39	39	39	39	38	38	38
Additional paid-in capital
1,652	1,552	1,553	1,522	1,469	1,450	1,157	1,154	1,151	1,150	1,147	1,145	1,143	1,138	1,123	1,072	960	953	753	751	749	748	746	744	742	742	740	737	735	733	731	727	725	722	604	602	601	598	597	595	593	591	588	586
Retained earnings
838	778	742	761	777	700	644	652	656	548	516	512	513	457	462	469	490	472	504	532	592	577	560	550	547	515	539	532	519	492	478	460	490	476	467	491	498	486	466	468	491	473	454	470
Treasury stock, at cost – 24,656 and 3,956 shares, respectively
1	0	1	1	1	2	4	3	3	2	2	2	2	0	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2	0	0	0	0	0	0	0	0	0	0	0
Accumulated other comprehensive income (loss)
-29	-30	-25	-26	-26	-26	-37	-38	-39	-41	-32	-32	-33	-34	-32	-31	-20	-9	-14	-16	-14	-15	-14	-19	-18	-17	-31	-30	-36	-35	-37	-33	-33	-32	-22	-24	-25	-23	-22	-20	-15	-19	-19	-16
Total stockholders’ equity
2,523	2,362	2,329	2,316	2,279	2,181	1,813	1,818	1,818	1,708	1,682	1,676	1,674	1,614	1,604	1,562	1,480	1,465	1,287	1,310	-	-	-	-	-	-	-	-	-	-	-	-	-	1,209	1,088	1,108	1,113	1,100	1,080	1,082	1,107	1,084	1,062	1,080
Noncontrolling interest
101	101	103	103	104	105	107	107	109	111	113	113	114	115	117	117	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total equity
2,624	2,464	2,432	2,419	2,383	2,287	1,921	1,926	1,927	1,820	1,795	1,790	1,788	1,730	1,722	1,679	1,480	1,465	1,287	1,310	1,371	1,353	1,334	1,318	1,313	1,283	1,290	1,282	1,260	1,232	1,214	1,196	1,224	-	-	-	-	-	-	-	-	-	-	-
TOTAL LIABILITIES AND TOTAL EQUITY
7,648	7,558	7,274	7,081	7,037	6,963	6,661	6,570	6,626	6,658	6,563	6,509	6,499	6,541	6,420	6,339	6,303	4,626	4,231	4,208	4,253	4,245	4,038	3,934	3,928	3,837	3,801	3,746	3,686	3,729	3,853	3,774	3,807	4,127	3,945	3,817	3,729	3,711	3,540	3,370	3,358	3,317	3,168	3,111