BLACK HILLS CORP SD

For the period ended Dec 31, 2023. Filed Feb 14, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 14, 2024

BKH$84.87+0.3%Stored close · as of Nov 6, 2026

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Contents

Consolidated Balance Sheets

	As of
	December 31, 2023	December 31, 2022
(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$86.6	$21.4
Restricted cash and equivalents	6.4	5.6
Accounts receivable, net	350.3	508.2
Materials, supplies and fuel	160.9	207.4
Derivative assets, current	—	0.6
Income tax receivable, net	18.5	17.6
Regulatory assets, current	175.7	260.3
Other current assets	28.2	50.6
Total current assets	826.6	1,071.7
Property, plant and equipment	8,917.2	8,374.8
Less accumulated depreciation and depletion	(1,797.9)	(1,576.8)
Total property, plant and equipment, net	7,119.3	6,798.0
Other assets:
Goodwill	1,299.5	1,299.5
Intangible assets, net	8.4	9.6
Regulatory assets, non-current	304.4	392.7
Other assets, non-current	62.2	46.7
Total other assets, non-current	1,674.5	1,748.5
TOTAL ASSETS	$9,620.4	$9,618.2

CONSOLIDATED BALANCE SHEETS

(Continued)

	As of
	December 31, 2023	December 31, 2022
(in millions, except share amounts)
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$186.4	$310.0
Accrued liabilities	293.3	243.5
Derivative liabilities, current	6.5	6.6
Regulatory liabilities, current	98.9	46.0
Notes payable	—	535.6
Current maturities of long-term debt	600.0	525.0
Total current liabilities	1,185.1	1,666.7
Long-term debt, net of current maturities	3,801.2	3,607.3
Deferred credits and other liabilities:
Deferred income tax liabilities, net	548.0	508.9
Regulatory liabilities, non-current	467.7	472.6
Benefit plan liabilities	123.9	116.7
Other deferred credits and other liabilities	188.7	156.1
Total deferred credits and other liabilities	1,328.3	1,254.3
Commitments, contingencies and guarantees (Note 3)
Equity:
Stockholders’ equity -
Common stock $1.00 par value; 100,000,000 shares authorized; issued: 68,265,042 and 66,140,396, respectively	68.3	66.1
Additional paid-in capital	2,007.7	1,882.7
Retained earnings	1,158.2	1,064.1
Treasury stock at cost - 68,073 and 36,726, respectively	(4.1)	(2.4)
Accumulated other comprehensive income (loss)	(14.8)	(15.6)
Total stockholders’ equity	3,215.3	2,994.9
Non-controlling interest	90.5	95.0
Total equity	3,305.8	3,089.9
TOTAL LIABILITIES AND TOTAL EQUITY	$9,620.4	$9,618.2

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.