Black hills corporation (BKH)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Utilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,123,197

1,111,676

1,095,791

1,109,761

0

0

0

-

-

Revenue:
Non-regulated energy

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,169

86,661

98,235

109,930

0

0

0

-

-

Revenues

1,674,140

1,734,900

1,758,442

1,754,873

1,776,689

1,754,268

1,708,370

1,722,002

1,708,127

1,680,266

1,654,698

1,652,873

1,636,485

1,538,916

1,384,162

1,322,481

1,269,294

1,261,322

1,364,423

1,364,405

1,375,388

1,393,570

1,370,941

1,358,761

1,355,350

1,275,852

1,239,266

1,226,167

1,188,704

1,173,884

1,216,203

1,218,918

1,237,204

1,272,188

1,198,366

1,198,337

1,194,026

1,219,691

1,158,131

1,165,986

0

0

0

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

508,966

570,829

605,724

612,878

627,713

625,610

591,610

597,647

591,150

563,288

566,815

560,728

547,053

499,132

442,648

434,081

423,416

456,887

516,087

529,134

556,641

581,782

569,772

556,601

554,442

492,147

462,697

453,776

418,056

407,066

457,741

481,286

521,661

574,989

546,685

547,491

541,164

566,967

514,867

540,103

0

0

0

Operations and maintenance

497,876

495,994

497,181

495,843

489,194

481,706

468,975

462,534

456,149

454,605

427,604

433,449

434,093

426,603

385,141

359,868

337,737

323,809

430,923

405,338

381,002

359,095

266,737

268,553

267,456

261,919

255,374

248,711

243,297

242,367

246,806

245,721

244,847

247,496

247,429

246,410

253,750

251,375

223,788

206,955

0

0

0

Non-regulated energy operations and maintenance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84,911

85,225

84,765

83,762

82,759

84,741

84,564

85,830

90,504

90,851

92,574

93,453

66,311

69,516

72,186

71,672

0

0

0

-

-

Gain on sale of operating assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

8,921

8,921

2,683

0

0

0

Administrative and general

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Depreciation, depletion and amortization

214,494

209,120

204,490

201,652

198,766

196,328

193,955

192,018

190,134

188,246

175,532

177,348

177,828

175,533

150,349

139,192

131,938

126,533

153,812

152,672

148,498

144,745

139,010

138,517

137,792

137,324

130,593

135,866

142,145

145,923

159,555

151,425

142,240

135,591

135,349

132,107

130,121

126,606

118,515

117,865

0

0

0

Taxes - property and production

53,708

52,915

52,018

50,937

51,771

51,746

51,893

52,396

51,492

51,578

48,035

47,741

47,429

46,160

43,063

41,624

40,241

40,060

45,106

45,513

45,180

43,580

41,957

40,943

39,968

40,012

39,803

39,948

39,357

40,487

40,313

39,261

37,022

33,710

32,048

30,313

29,313

27,592

31,313

35,698

0

0

0

Other operating expenses

-

-

-

659

-

-

-

2,828

4,378

5,813

20,573

26,325

31,801

55,307

50,951

46,577

39,992

13,613

3,569

1,244

427

500

475

516

896

1,243

1,464

1,590

1,328

2,052

1,112

1,155

940

710

1,360

1,470

0

-

0

0

-

-

-

Impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

178,395

116,520

22,036

0

0

0

0

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

0

0

Total operating expenses

1,275,044

1,328,858

1,359,632

1,361,529

1,367,795

1,357,231

1,308,265

1,307,423

1,293,303

1,263,530

1,186,273

1,205,598

1,223,708

1,202,735

946,043

944,815

965,784

960,902

1,264,040

1,206,739

1,131,452

1,129,702

1,102,862

1,090,355

1,085,319

1,016,407

946,824

911,481

902,464

897,442

995,614

1,036,567

1,039,284

1,085,949

1,029,326

1,020,927

1,021,941

1,036,271

992,743

1,022,726

0

0

0

Operating Income (Loss)

399,096

406,042

398,810

393,344

408,894

397,037

400,105

414,579

414,824

416,736

468,425

447,275

412,777

336,181

438,119

377,666

303,510

300,420

100,383

157,666

243,936

263,868

268,079

268,406

270,031

259,445

292,442

314,686

286,240

276,442

220,589

182,351

197,920

186,239

169,040

177,410

172,085

183,420

165,388

143,260

0

0

0

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

146,612

145,847

143,811

143,991

143,298

143,720

142,299

141,206

140,913

140,533

140,519

142,538

142,075

139,091

128,382

113,454

98,390

86,226

81,185

76,726

75,067

73,017

96,763

102,684

108,167

113,979

103,484

107,119

111,512

117,754

114,736

116,564

117,395

116,684

113,834

112,358

109,759

105,676

99,632

95,143

0

0

0

Allowance for funds used during construction - borrowed

-

-

5,314

3,815

-

2,104

1,699

1,751

2,062

2,415

2,927

3,034

2,966

2,981

2,522

2,140

1,593

1,250

1,073

914

963

1,075

1,143

1,171

1,326

1,130

1,686

2,466

3,018

3,462

6,775

9,168

11,196

14,041

24,499

22,913

17,200

10,689

0

0

0

-

-

Capitalized interest

-

-

-

-

-

-

-

-

-

-

-232

-14

196

-

74

72

285

326

1,285

1,236

1,001

982

984

1,026

1,052

1,061

1,026

928

787

682

3,529

6,335

8,987

11,260

11,821

10,454

7,021

4,381

0

0

0

-

-

Unrealized gain (loss) on interest rate swaps, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,169

34,177

31,638

-2,707

1,882

-4,304

-43,155

-35,430

-42,010

-14,138

10,398

-6,693

-15,193

-50,357

-4,941

0

0

0

Interest income

1,661

1,632

1,837

1,706

1,630

1,641

1,328

1,348

1,285

1,016

-384

126

815

1,429

2,971

2,473

1,828

1,621

1,547

1,708

1,983

1,925

1,939

1,929

1,828

1,723

1,854

1,653

1,805

1,957

1,898

2,070

1,906

2,017

1,559

1,222

843

541

856

986

0

0

0

Allowance for funds used during construction - equity

-

-

602

484

-

619

842

1,345

1,897

2,321

2,352

2,867

3,055

3,270

3,234

2,453

1,548

897

729

596

812

994

1,108

896

645

607

199

310

463

540

924

917

914

932

1,009

1,195

1,263

2,996

5,261

6,200

0

0

0

Other Asset Impairment Charges

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-3,070

-6,212

244

-728

-2,416

-1,799

-2,633

-1,741

-266

-213

317

288

317

1,124

1,308

1,990

2,432

2,075

2,371

1,790

1,804

2,065

2,037

2,094

2,158

1,971

1,609

1,004

1,419

2,486

2,800

3,615

3,231

2,490

2,271

2,282

3,046

2,733

4,367

4,721

0

0

0

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Total other income (expense)

-167,593

-163,140

-156,561

-139,720

-141,562

-141,155

-141,260

-138,636

-136,010

-134,994

-135,895

-136,593

-135,082

-130,287

-118,431

-104,484

-90,862

-80,215

-74,557

-70,859

-68,881

-66,353

-89,470

-92,342

-79,139

-78,012

-63,004

-69,191

-106,798

-106,816

-103,931

-138,431

-127,408

-128,771

-100,405

-77,486

-93,927

-99,669

0

0

0

-

-

Income before income taxes

231,503

242,902

242,249

253,624

267,332

255,882

258,845

275,943

278,814

281,742

332,530

310,682

277,695

205,894

319,688

273,182

212,648

220,205

25,826

86,807

175,055

197,515

178,609

176,064

190,892

181,433

229,438

245,495

179,442

169,626

116,658

43,920

70,512

57,468

68,635

99,924

78,158

83,751

36,157

61,809

0

0

0

Equity in earnings (loss) of unconsolidated subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-344

-344

-297

-1

-1

-1

-1

-86

-64

-42

-20

10

33

54

72

1,121

1,164

984

2,235

1,559

1,590

3,303

0

0

0

Impairment of equity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax (expense)

28,580

29,580

10,133

15,133

19,333

-23,667

2,849

8,827

12,979

73,367

106,414

99,580

89,237

59,101

104,502

85,823

65,197

78,657

3,713

27,388

58,664

66,625

60,785

62,479

67,136

63,040

80,689

85,269

62,079

60,219

40,366

13,435

24,016

18,224

20,212

27,768

19,618

22,169

6,435

21,609

0

0

0

Income from continuing operations

-

-

232,054

238,460

-

279,549

255,780

266,877

265,637

208,375

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

Net (loss) from discontinued operations

-

-

-1,260

-2,117

-

-6,887

-19,241

-19,684

-17,873

-17,099

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

0

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

203,184

213,322

230,794

236,343

243,390

272,662

236,539

247,193

247,764

191,276

158,469

144,755

122,727

82,631

47,041

19,214

-25,911

-32,111

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

0

0

0

Net income attributable to noncontrolling interest

14,508

14,012

14,092

14,431

14,144

14,220

14,015

13,956

14,249

14,242

13,920

13,738

13,236

9,661

6,415

2,662

48

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income available for common stock

188,676

199,310

216,702

221,912

229,246

258,442

222,524

233,237

233,515

177,034

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

-

-

-

Amounts attributable to common shareholders:
Net income from continuing operations

-

-

217,962

224,029

-

265,329

241,765

252,921

251,388

194,133

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

40,365

0

0

0

-

-

-

-

0

0

Net (loss) from discontinued operations

-

-

-1,260

-2,117

-

-6,887

-19,241

-19,684

-17,873

-17,099

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,977

29

833

6,039

-

-

-

0

-

-

-

-

0

-

Net income (loss) available for common stock

0

-

-

-

0

-

-

-

233,515

177,034

144,549

131,017

109,491

72,970

40,626

16,552

-25,959

-32,111

16,599

53,905

116,094

130,889

116,939

112,700

122,871

117,423

131,296

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Earnings per share of common stock:
Earnings (loss) per share of common stock, Basic -
Other comprehensive income (loss), net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

Earnings from continuing operations, Basic (usd per share)

-

-

0.19

0.24

-

1.55

0.33

0.46

2.54

1.21

0.54

0.43

1.47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.18

0.79

-0.28

0.81

0.47

-0.29

0.09

0.74

-

-

-

-

-0.10

0.64

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

-

-

0.00

0.00

-

-0.01

-0.02

-0.05

-0.05

-0.26

-0.02

-0.01

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-0.03

-0.13

0.16

0.02

0.11

-0.05

-

-

-

-

0.04

0.00

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

1.51

1.13

0.19

0.24

1.73

1.53

0.32

0.41

2.49

0.95

0.52

0.42

1.44

0.35

0.27

0.01

0.78

-0.31

-0.22

-0.94

0.76

0.77

0.62

0.46

1.10

0.47

0.52

0.69

0.98

1.18

0.79

-0.31

0.68

0.63

-0.27

0.20

0.69

0.85

0.32

-0.22

0.81

-0.06

0.64

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

-

-

0.19

0.24

-

1.51

0.32

0.45

2.50

1.17

0.52

0.41

1.42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.18

0.78

-0.28

0.80

0.48

-0.29

0.09

0.73

-

-

-

-

-0.10

0.64

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

-

-

0.00

0.00

-

-0.01

-0.02

-0.05

-0.04

-0.25

-0.02

-0.01

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

0.00

-0.03

-0.12

0.16

0.02

0.10

-0.05

-

-

-

-

0.04

0.00

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

1.51

1.12

0.19

0.24

1.73

1.49

0.31

0.40

2.46

0.92

0.50

0.40

1.39

0.33

0.26

0.01

0.77

-0.31

-0.22

-0.94

0.76

0.77

0.61

0.46

1.09

0.46

0.52

0.69

0.97

1.17

0.78

-0.31

0.68

0.64

-0.27

0.19

0.68

0.85

0.32

-0.22

0.81

-0.06

0.64

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

61,778

61,285

60,976

60,467

59,920

57,642

53,364

53,355

53,319

53,260

53,243

53,229

53,152

52,946

52,184

51,514

51,044

47,359

44,635

44,617

44,541

44,432

44,415

44,399

44,330

44,226

44,201

44,172

44,053

43,903

43,847

43,799

43,731

42,143

39,145

39,109

39,059

38,981

38,933

38,902

38,848

38

38,598

Diluted (in shares)

61,856

61,422

61,104

60,606

60,060

58,483

54,819

54,520

54,122

54,732

55,432

55,384

54,932

54,507

53,733

52,986

51,858

47,240

44,635

44,617

44,660

44,642

44,608

44,588

44,554

44,495

44,457

44,412

44,312

44,416

44,108

43,799

43,969

41,595

39,145

39,823

39,761

39,320

39,133

38,902

39,009

38

38,658

Dividends declared per share of common stock (usd per share)

-

-

-

-

-

-

-

-

-

-

0.44

0.44

0.44

-

0.42

0.42

0.42

-

0.40

0.40

0.40

-

0.39

0.39

0.39

-

0.38

0.38

0.38

-

0.37

0.37

0.37

-

0.36

0.36

0.36

-

0.36

0.36

0.36

0.35

0.35