Black Hills Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	-	16.1	86.6	21.4	8.92
Accounts Receivable	-	351.2	350.3	508.2	321.65
Other Receivables	-	19.8	18.5	17.6	18.02
Inventory	-	153.9	160.9	207.4	150.98
Restricted Cash	-	7.3	6.4	5.6	4.89
Other Current Assets	-	194	203.9	311.5	303.68
Total Current Assets	-	742.3	826.6	1,072	808.13
Property, Plant & Equipment	-	7,630	7,119	6,798	6,449
Regulatory Assets	-	272.9	304.4	392.7	526.31
Goodwill	-	1,300	1,300	1,300	1,299
Other Intangible Assets	-	7.6	8.4	9.6	10.77
Other Long-Term Assets	-	70.4	62.2	46.7	38.05
Total Assets	-	10,023	9,620	9,618	9,132
Accounts Payable	-	229.1	186.4	310	217.76
Accrued Expenses	-	246.6	217.3	195.8	195.95
Short-Term Debt	-	133.8	-	535.6	420.18
Current Portion of Long-Term Debt	-	-	600	525	-
Other Current Liabilities	-	153.9	181.4	100.3	67.83
Total Current Liabilities	-	763.4	1,185	1,667	901.71
Long-Term Debt	-	4,250	3,801	3,607	4,127
Pension & Post-Retirement Benefits	-	122.9	123.9	116.7	123.93
Long-Term Deferred Tax Liabilities	-	625.1	548	508.9	465.39
Other Long-Term Liabilities	-	675.8	656.4	628.7	626.82
Total Liabilities	-	6,437	6,315	6,528	6,245
Common Stock	-	71.7	68.3	66.1	64.79
Additional Paid-In Capital	-	2,193	2,008	1,883	1,783
Retained Earnings	-	1,249	1,158	1,064	962.46
Treasury Stock	-	-3.3	-4.1	-2.4	-3.51
Comprehensive Income & Other	-	-9.4	-14.8	-15.6	-20.08
Total Common Equity	3,768	3,502	3,215	2,995	2,787
Minority Interest	-	83.7	90.5	95	100.03
Shareholders' Equity	3,851	3,585	3,306	3,090	2,887
Total Liabilities & Equity	-	10,023	9,620	9,618	9,132
Total Debt	4,379	4,384	4,401	4,668	4,547
Net Cash (Debt)	-4,358	-4,368	-4,315	-4,647	-4,538
Net Cash Per Share	-59.53	-62.49	-64.30	-71.48	-71.69
Filing Date Shares Outstanding	75.47	71.62	68.2	66.1	64.74
Total Common Shares Outstanding	75.47	71.62	68.2	66.1	64.74
Working Capital	-	-21.1	-358.5	-595	-93.58
Book Value Per Share	49.92	48.89	47.15	45.31	43.05
Tangible Book Value	2,462	2,194	1,907	1,686	1,477
Tangible Book Value Per Share	32.62	30.64	27.97	25.50	22.81
Machinery	-	9,253	8,741	8,156	7,623
Construction In Progress	-	313.2	175.9	218.7	227.77

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q