BLACK HILLS CORP SD

For the period ended Dec 31, 2024. Filed Feb 12, 2025.

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FY2024 · Filed Feb 12, 2025

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

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Contents

Consolidated Balance Sheets

	As of
	December 31, 2024	December 31, 2023
(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$16.1	$86.6
Restricted cash and equivalents	7.3	6.4
Accounts receivable, net	351.2	350.3
Materials, supplies and fuel	153.9	160.9
Income tax receivable, net	19.8	18.5
Regulatory assets, current	154.8	175.7
Other current assets	39.2	28.2
Total current assets	742.3	826.6
Property, plant and equipment	9,566.5	8,917.2
Less accumulated depreciation and depletion	(1,936.6)	(1,797.9)
Total property, plant and equipment, net	7,629.9	7,119.3
Other assets:
Goodwill	1,299.5	1,299.5
Intangible assets, net	7.6	8.4
Regulatory assets, non-current	272.9	304.4
Other assets, non-current	70.4	62.2
Total other assets, non-current	1,650.4	1,674.5
TOTAL ASSETS	$10,022.6	$9,620.4

CONSOLIDATED BALANCE SHEETS

(Continued)

	As of
	December 31, 2024	December 31, 2023
(in millions, except share amounts)
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$229.1	$186.4
Accrued liabilities	302.2	293.3
Derivative liabilities, current	4.2	6.5
Regulatory liabilities, current	94.1	98.9
Notes payable	133.8	—
Current maturities of long-term debt	—	600.0
Total current liabilities	763.4	1,185.1
Long-term debt, net of current maturities	4,250.2	3,801.2
Deferred credits and other liabilities:
Deferred income tax liabilities, net	625.1	548.0
Regulatory liabilities, non-current	474.6	467.7
Benefit plan liabilities	122.9	123.9
Other deferred credits and other liabilities	201.2	188.7
Total deferred credits and other liabilities	1,423.8	1,328.3
Commitments, contingencies and guarantees (Note 3)
Equity:
Stockholders’ equity -
Common stock $1.00 par value; 100,000,000 shares authorized; issued: 71,676,756 and 68,265,042, respectively	71.7	68.3
Additional paid-in capital	2,193.4	2,007.7
Retained earnings	1,249.1	1,158.2
Treasury stock at cost - 56,608 and 68,073, respectively	(3.3)	(4.1)
Accumulated other comprehensive income (loss)	(9.4)	(14.8)
Total stockholders’ equity	3,501.5	3,215.3
Non-controlling interest	83.7	90.5
Total equity	3,585.2	3,305.8
TOTAL LIABILITIES AND TOTAL EQUITY	$10,022.6	$9,620.4

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.