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	190.4	23.4	93	27	13.81
Cash & Short-Term Investments	190.4	23.4	93	27	13.81
Cash Growth	713.68%	-74.84%	244.44%	95.51%	28.60%
Accounts Receivable	389	351.2	350.3	508.2	321.65
Inventory	172.4	153.9	160.9	207.4	150.98
Short-Term Regulatory Assets	139.7	154.8	175.7	260.3	270.29
Other Current Assets	104.4	59	46.7	68.8	51.4
Total Current Assets	995.9	742.3	826.6	1,072	808.13
Net Property, Plant & Equipment	8,234	7,630	7,119	6,798	6,449
Other Intangible Assets	6.4	7.6	8.4	9.6	10.77
Goodwill	1,300	1,300	1,300	1,300	1,299
Long-Term Regulatory Assets	255	272.9	304.4	392.7	526.31
Other Long-Term Assets	78.8	70.4	62.2	46.7	38.05
Total Assets	10,870	10,023	9,620	9,618	9,132
Accounts Payable	311.7	229.1	186.4	310	217.76
Accrued Expenses	322.6	302.2	293.3	243.5	244.76
Short-Term Debt	-	133.8	-	535.6	420.18
Current Portion of Long-Term Debt	-	-	600	525	-
Short-Term Regulatory Liabilities	99.9	94.1	98.9	46	17.57
Other Current Liabilities	5.8	4.2	6.5	6.6	1.44
Total Current Liabilities	740	763.4	1,185	1,667	901.71
Long-Term Debt	4,701	4,250	3,801	3,607	4,127
Long-Term Regulatory Liabilities	488.3	474.6	467.7	472.6	485.38
Other Long-Term Liabilities	1,035	949.2	860.6	781.7	730.76
Total Long-Term Liabilities	6,224	5,674	5,130	4,862	5,343
Total Liabilities	6,964	6,437	6,315	6,528	6,245
Common Stock	75.5	71.7	68.3	66.1	64.79
Treasury Stock	-2.6	-3.3	-4.1	-2.4	-3.51
Additional Paid-in Capital	2,418	2,193	2,008	1,883	1,783
Accumulated Other Comprehensive Income	-9.7	-9.4	-14.8	-15.6	-20.08
Retained Earnings	1,343	1,249	1,158	1,064	962.46
Total Common Shareholders' Equity	3,824	3,502	3,215	2,995	2,787
Minority Interest	82.1	83.7	90.5	95	100.03
Shareholders' Equity	3,906	3,585	3,306	3,090	2,887
Total Liabilities & Equity	10,870	10,023	9,620	9,618	9,132
Total Debt	4,701	4,384	4,401	4,668	4,547
Net Cash (Debt)	-4,511	-4,361	-4,308	-4,641	-4,533
Net Cash Per Share	-61.79	-62.38	-64.21	-83.22	-71.62
Book Value	3,824	3,502	3,215	2,995	2,787
Book Value Per Share	52.38	50.09	47.92	53.70	44.03
Tangible Book Value	2,518	2,194	1,907	1,686	1,477
Tangible Book Value Per Share	34.49	31.39	28.43	30.23	23.33

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q