BKH · XBRL financial data

Black Hills financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (BKH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	1,697	1,949	2,552	2,331	2,128	2,310
Revenue from contracts with customers	1,681	1,931	2,543	2,302	2,098	2,286
Total operating expenses	1,269	1,540	2,097	1,859	1,625	1,773
Operating income (loss)	428	409	455	473	503	538
Interest income	1	2	2	12	14	7
Interest expense	143	152	161	168	182	200
Other income (expense)	(2)	1	2	(3)	(1)	6
Income tax expense (benefit)	33	7	25	26	36	44
Net income (loss)	228	237	258	262	273	292
Earnings per share, basic USD per share	3.65	3.74	3.98	3.91	3.91	3.99
Earnings per share, diluted USD per share	3.65	3.74	3.97	3.91	3.91	3.98
Weighted average shares, basic millions of shares	62	63	65	67	70	73
Weighted average shares, diluted millions of shares	62	63	65	67	70	73

Fiscal years (BKH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	6	9	21	87	16	183
Accounts receivable	266	322	508	350	351	389
Inventory	117	151	207	161	154	172
Total current assets	493	808	1,072	827	742	996
Property and equipment, net	6,020	6,449	6,798	7,119	7,630	8,234
Right-of-use asset	4	—	—	—	—	—
Goodwill	1,299	1,299	1,299	1,300	1,300	1,300
Total assets	8,089	9,132	9,618	9,620	10,023	10,870
Accounts payable	183	218	310	186	229	312
Accrued liabilities	244	245	243	293	302	323
Current portion of long-term debt	8	0	525	600	0	0
Total current liabilities	697	902	1,667	1,185	763	740
Long-term debt	3,528	4,127	3,607	3,801	4,250	4,701
Retained earnings	871	962	1,064	1,158	1,249	1,343
Total stockholders' equity	2,561	2,787	2,995	3,215	3,502	3,824
Total liabilities and equity	8,089	9,132	9,618	9,620	10,023	10,870
Common shares outstanding (cover page) millions of shares	63	65	66	68	72	75

Fiscal years (BKH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	228	237	258	262	273	292
Stock-based compensation	5	10	9	7	11	12
Depreciation and amortization	224	236	251	257	270	284
Net cash from operating activities	542	(65)	585	944	719	673
Purchases of property and equipment	767	677	604	556	744	820
Net cash from investing activities	(762)	(664)	(604)	(537)	(746)	(828)
Proceeds from issuing common stock	99	119	90	118	181	219
Dividends paid	135	145	157	168	182	198
Proceeds from long-term debt	400	600	0	800	450	450
Repayments of long-term debt	9	8	0	525	600	0
Net cash from financing activities	217	732	32	(342)	(43)	322

SIC 4911 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4911 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Black Hills	72	453	195*	76.3M	—	Q2 FY26 10-QJun 30, 2026
Portland General Electric	69	971	323*	119.1M	—	Q3 FY26 10-QSep 30, 2026
Ormat Technologies	514	not reported	51*	61.5M	—	Q2 FY26 10-QJun 30, 2026
Otter Tail	278	335	112*	42.0M	—	Q2 FY26 10-QJun 30, 2026
Clearway Energy	251	481	214*	205.3M	—	Q2 FY26 10-QJun 30, 2026
TXNM Energy	29	731	not reported	110.1M	—	Q3 FY26 10-QSep 30, 2026
Idacorp	188	615	not reported	58.9M	—	Q3 FY26 10-QSep 30, 2026
Oklo	1,645	1.2	(48)*	186.0M	34.6 quarters	Q2 FY26 10-QJun 30, 2026
Hawaiian Electric	239	940	not reported	172.7M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.