Black Hills Corporation (BKH)

Black Hills Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	2,331	2,552	1,949	1,697	1,735
Revenue Growth (YoY)	-8.64%	30.92%	14.86%	-2.19%	-1.10%
Cost of Revenue	1,602	1,846	1,304	1,044	1,120
Gross Profit	729.5	706.1	645.4	652.76	615.16
Other Operating Expenses	256.8	250.9	236	224.46	209.12
Operating Expenses	256.8	250.9	236	224.46	209.12
Operating Income	472.7	455.2	409.4	428.3	406.04
Interest Expense / Income	180	162.6	154.1	144.93	139.29
Other Expense / Income	4.9	9	11.4	22.85	37.86
Pretax Income	287.8	283.6	243.9	260.53	228.89
Income Tax	25.6	25.2	7.2	32.92	29.58
Net Income	262.2	258.4	236.7	227.61	199.31
Net Income Growth	1.47%	9.17%	3.99%	14.20%	-22.88%
Shares Outstanding (Basic)	67	65	63	62	61
Shares Outstanding (Diluted)	67	65	63	62	61
Shares Change	3.23%	2.69%	1.38%	2.70%	9.57%
EPS (Basic)	3.91	3.98	3.74	3.65	3.29
EPS (Diluted)	3.91	3.97	3.74	3.65	3.28
EPS Growth	-1.51%	6.15%	2.47%	11.28%	-29.61%
Free Cash Flow	388.8	-19.6	-742.1	-225.54	-312.86
Free Cash Flow Per Share	5.80	-0.30	-11.74	-3.62	-5.16
Dividend Per Share	2.500	2.410	2.290	2.170	2.050
Dividend Growth	3.73%	5.24%	5.53%	5.85%	6.22%
Gross Margin	31.29%	27.67%	33.11%	38.47%	35.46%
Operating Margin	20.28%	17.84%	21.00%	25.24%	23.40%
Profit Margin	11.25%	10.13%	12.14%	13.41%	11.49%
Free Cash Flow Margin	16.68%	-0.77%	-38.07%	-13.29%	-18.03%
Effective Tax Rate	8.90%	8.89%	2.95%	12.64%	12.92%
EBITDA	724.6	697.1	634	629.91	577.3
EBITDA Margin	31.08%	27.32%	32.53%	37.12%	33.28%
Depreciation & Amortization	256.8	250.9	236	224.46	209.12
EBIT	467.8	446.2	398	405.46	368.18
EBIT Margin	20.07%	17.49%	20.42%	23.89%	21.22%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).