Black hills corporation (BKH)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Utilities

-

-

-

-

-

-

-

-

-

1,109,761

1,091,638

749,250

Revenue:
Non-regulated energy

-

-

-

-

-

-

-

-

-

109,930

107,074

256,540

Revenues

1,734,900

1,754,268

1,680,266

1,538,916

1,261,322

1,393,570

1,275,852

1,173,884

1,272,188

1,219,691

1,198,712

1,005,790

Operating expenses:
Fuel, purchased power and cost of natural gas sold

570,829

625,610

563,288

499,132

456,887

581,782

492,147

407,066

574,989

566,967

595,240

448,411

Operations and maintenance

495,994

481,706

454,605

426,603

323,809

359,095

261,919

242,367

247,496

251,375

241,995

152,424

Non-regulated energy operations and maintenance

-

-

-

-

-

-

83,762

85,830

93,453

71,672

76,137

113,210

Gain on sale of operating assets

-

-

-

-

-

-

-

75,854

0

8,921

25,971

0

Depreciation, depletion and amortization

209,120

196,328

188,246

175,533

126,533

144,745

137,324

145,923

135,591

126,606

120,938

107,263

Taxes - property and production

52,915

51,746

51,578

46,160

40,060

43,580

40,012

40,487

33,710

27,592

21,687

27,684

Other operating expenses

0

1,841

5,813

55,307

13,613

500

1,243

2,052

710

980

1,230

-

Impairment of long-lived assets

-

-

-

-

-

0

0

49,571

0

0

43,301

91,782

Total operating expenses

1,328,858

1,357,231

1,263,530

1,202,735

960,902

1,129,702

1,016,407

897,442

1,085,949

1,036,271

1,074,557

949,913

Operating Income (Loss)

406,042

397,037

416,736

336,181

300,420

263,868

259,445

276,442

186,239

183,420

124,155

55,877

Other income (expense):
Interest charges -
Interest expense incurred net of amounts capitalized (including amortization of debt issuance costs, premiums and discounts)

145,847

143,720

140,533

139,091

86,226

73,017

113,979

117,754

116,684

105,676

89,441

58,252

Allowance for funds used during construction - borrowed

6,556

2,104

2,415

2,981

1,250

1,075

1,130

3,462

14,041

10,689

5,839

-2,811

Capitalized interest

-

-

-

-

326

982

1,061

682

11,260

4,381

349

-1,318

Unrealized gain (loss) on interest rate swaps, net

-

-

-

-

-

-

30,169

1,882

-42,010

-15,193

55,653

-94,440

Interest income

1,632

1,641

1,016

1,429

1,621

1,925

1,723

1,957

2,017

541

923

2,176

Allowance for funds used during construction - equity

472

619

2,321

3,270

897

994

607

540

932

2,996

5,891

3,835

Other Asset Impairment Charges

19,741

0

0

-

-

-

-

-

-

-

-

-

Other expense

-

-

-

-

158

377

694

71

817

-

-

187

Other income (expense), net

-6,212

-1,799

-213

1,124

2,075

2,065

1,971

2,486

2,490

2,733

5,921

1,064

Other expense

-

-

-

-

-

-

-

-

-

140

513

9,139

Total other income (expense)

-163,140

-141,155

-134,994

-130,287

-80,215

-66,353

-78,012

-106,816

-128,771

-99,669

-15,378

-141,675

Income before income taxes

242,902

255,882

281,742

205,894

220,205

197,515

181,433

169,626

57,468

83,751

108,777

-85,798

Equity in earnings (loss) of unconsolidated subsidiaries

-

-

-

-

-

-1

-86

10

1,121

1,559

1,343

4,366

Impairment of equity investments

-

-

-

-

-

0

0

-

-

-

-

-

Income tax (expense)

29,580

-23,667

73,367

59,101

78,657

66,625

63,040

60,219

18,224

22,169

32,851

-29,395

Income from continuing operations

213,322

279,549

208,375

146,793

141,548

-

-

-

-

63,141

-

-

Net (loss) from discontinued operations

0

-6,887

-17,099

-64,162

-173,659

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

213,322

272,662

191,276

82,631

-32,111

130,889

-

-

-

68,685

-

105,210

Net income attributable to noncontrolling interest

14,012

14,220

14,242

9,661

0

0

-

-

-

-

-

130

Net income available for common stock

199,310

258,442

177,034

72,970

-32,111

-

-

-

-

-

81,555

-

Amounts attributable to common shareholders:
Net income from continuing operations

199,310

265,329

194,133

137,132

141,548

-

118,307

109,417

40,365

-

77,269

-52,037

Net (loss) from discontinued operations

0

-6,887

-17,099

-64,162

-173,659

-

-884

-6,977

9,365

5,544

4,286

157,247

Net income (loss) available for common stock

199,310

258,442

177,034

72,970

-32,111

130,889

117,423

102,440

49,730

-

-

105,080

Earnings per share of common stock:
Earnings (loss) per share of common stock, Basic -
Earnings from continuing operations, Basic (usd per share)

3.29

4.88

3.65

2.64

3.12

-

2.68

2.50

1.01

1.62

2.00

-1.37

(Loss) from discontinued operations per share, Basic (usd per share)

0.00

-0.13

-0.32

-1.23

-3.83

-

-0.02

-0.16

0.24

0.14

0.11

4.12

Earnings (loss) per share, Basic (usd per share)

3.29

4.75

3.33

1.41

-0.71

2.95

2.66

2.34

1.25

1.76

2.11

2.75

Earnings (loss) per share of common stock, Diluted -
Earnings from continuing operations, Diluted (usd per share)

3.28

4.78

3.52

2.57

3.12

-

2.66

2.48

1.01

1.62

2.00

-1.37

(Loss) from discontinued operations, Diluted (usd per share)

0.00

-0.12

-0.31

-1.20

-3.83

-

-0.02

-0.16

0.23

0.14

0.11

4.12

Earnings (loss) per share, Diluted (usd per share)

3.28

4.66

3.21

1.37

-0.71

2.93

2.64

2.32

1.24

1.76

2.11

2.75

Weighted Average Number of Shares Outstanding, Basic and Diluted [Abstract]
Basic (in shares)

60,662

54,420

53,221

51,922

45,288

44,394

44,163

43,820

39,864

38,916

38,614

38,193

Diluted (in shares)

60,798

55,486

55,120

53,271

45,288

44,598

44,419

44,073

40,081

39,091

38,684

38,193