BLACK HILLS CORP SD
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
BKH$87.04+0.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| December 31, 2023 | December 31, 2022 | December 31, 2021 | |
|---|---|---|---|
| (in millions, except per share amounts) | |||
| Revenue | $2,331.3 | $2,551.8 | $1,949.1 |
| Operating expenses: | |||
| Fuel, purchased power and cost of natural gas sold | 982.9 | 1,230.6 | 741.9 |
| Operations and maintenance | 552.0 | 548.4 | 501.7 |
| Depreciation and amortization | 256.8 | 250.9 | 236.0 |
| Taxes - property and production | 66.9 | 66.7 | 60.1 |
| Total operating expenses | 1,858.6 | 2,096.6 | 1,539.7 |
| Operating income | 472.7 | 455.2 | 409.4 |
| Other income (expense): | |||
| Interest expense incurred net of amounts capitalized | (180.0) | (162.6) | (154.1) |
| Interest income | 12.1 | 1.6 | 1.7 |
| Other income (expense), net | (3.2) | 1.8 | 1.4 |
| Total other income (expense) | (171.1) | (159.2) | (151.0) |
| Income before income taxes | 301.6 | 296.0 | 258.4 |
| Income tax (expense) | (25.6) | (25.2) | (7.2) |
| Net income | 276.0 | 270.8 | 251.2 |
| Net income attributable to non-controlling interest | (13.8) | (12.4) | (14.5) |
| Net income available for common stock | 262.2 | $258.4 | $236.7 |
| Earnings per share of common stock: | |||
| Earnings per share, Basic | 3.91 | $3.98 | $3.74 |
| Earnings per share, Diluted | 3.91 | $3.97 | $3.74 |
| Weighted average common shares outstanding: | |||
| Basic | 67.0 | 64.9 | 63.2 |
| Diluted | 67.1 | 65.0 | 63.3 |
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