BLACK HILLS CORP /SD/ — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that BLACK HILLS CORP /SD/ filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.31B | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $2.13B | Feb 11, 2026 |
| FY2025 | Dec 31, 2023 | $2.33B | Feb 11, 2026 |
| FY2024 | Dec 31, 2022 | $2.55B | Feb 12, 2025 |
| FY2023 | Dec 31, 2021 | $1.95B | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | $1.70B | Feb 14, 2023 |
| FY2019 | Dec 31, 2019 | $477.65M | Feb 14, 2020 |
| FY2019 | Sep 30, 2019 | $325.55M | Feb 14, 2020 |
| FY2019 | Jun 30, 2019 | $333.89M | Feb 14, 2020 |
| FY2019 | Mar 31, 2019 | $597.81M | Feb 14, 2020 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.29B | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $2.10B | Feb 11, 2026 |
| FY2025 | Dec 31, 2023 | $2.30B | Feb 11, 2026 |
| FY2024 | Dec 31, 2022 | $2.54B | Feb 12, 2025 |
| FY2023 | Dec 31, 2021 | $1.93B | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | $1.68B | Feb 14, 2023 |
| FY2021 | Dec 31, 2019 | $1.73B | Feb 15, 2022 |
| FY2020 | Dec 31, 2018 | $1.75B | Feb 26, 2021 |
Revenue (Net Sales)
Net sales revenue — gross revenue less returns, allowances, and discounts. Used by many manufacturers and retailers as the primary top-line figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $455.30M | Feb 26, 2018 |
| FY2017 | Sep 30, 2017 | $335.61M | Feb 26, 2018 |
| FY2017 | Jun 30, 2017 | $341.83M | Feb 26, 2018 |
| FY2017 | Mar 31, 2017 | $547.53M | Feb 26, 2018 |
| FY2017 | Dec 31, 2016 | $455.39M | Feb 26, 2018 |
| FY2017 | Sep 30, 2016 | $324.15M | Feb 26, 2018 |
| FY2017 | Jun 30, 2016 | $317.80M | Feb 26, 2018 |
| FY2017 | Mar 31, 2016 | $441.58M | Feb 26, 2018 |
| FY2016 | Dec 31, 2015 | $318.26M | Feb 27, 2017 |
| FY2016 | Sep 30, 2015 | $272.11M | Feb 27, 2017 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2012 | Dec 31, 2012 | $766.82M | Feb 25, 2013 |
| FY2011 | Dec 31, 2011 | $697.20M | Feb 29, 2012 |
| FY2011 | Dec 31, 2010 | $652.72M | Feb 29, 2012 |
| FY2011 | Dec 31, 2009 | $603.47M | Feb 29, 2012 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $291.60M | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $273.10M | Feb 11, 2026 |
| FY2025 | Dec 31, 2023 | $262.20M | Feb 11, 2026 |
| FY2024 | Dec 31, 2022 | $258.40M | Feb 12, 2025 |
| FY2023 | Dec 31, 2021 | $236.70M | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | $227.61M | Feb 14, 2023 |
| FY2019 | Dec 31, 2019 | $69.18M | Feb 14, 2020 |
| FY2019 | Sep 30, 2019 | $11.74M | Feb 14, 2020 |
| FY2019 | Jun 30, 2019 | $14.58M | Feb 14, 2020 |
| FY2019 | Mar 31, 2019 | $103.81M | Feb 14, 2020 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $537.50M | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $503.10M | Feb 11, 2026 |
| FY2025 | Dec 31, 2023 | $472.70M | Feb 11, 2026 |
| FY2024 | Dec 31, 2022 | $455.20M | Feb 12, 2025 |
| FY2023 | Dec 31, 2021 | $409.40M | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | $428.30M | Feb 14, 2023 |
| FY2019 | Dec 31, 2019 | $121.36M | Feb 14, 2020 |
| FY2019 | Sep 30, 2019 | $70.55M | Feb 14, 2020 |
| FY2019 | Jun 30, 2019 | $54.00M | Feb 14, 2020 |
| FY2019 | Mar 31, 2019 | $160.13M | Feb 14, 2020 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $673.40M | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $719.30M | Feb 11, 2026 |
| FY2025 | Dec 31, 2023 | $944.40M | Feb 11, 2026 |
| FY2024 | Dec 31, 2022 | $584.80M | Feb 12, 2025 |
| FY2023 | Dec 31, 2021 | ($64.60M) | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | $541.86M | Feb 14, 2023 |
| FY2021 | Dec 31, 2019 | $505.51M | Feb 15, 2022 |
| FY2020 | Dec 31, 2018 | $488.81M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $428.26M | Feb 14, 2020 |
| FY2018 | Dec 31, 2016 | $320.48M | Feb 19, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $819.80M | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $744.20M | Feb 11, 2026 |
| FY2025 | Dec 31, 2023 | $555.60M | Feb 11, 2026 |
| FY2024 | Dec 31, 2022 | $604.40M | Feb 12, 2025 |
| FY2023 | Dec 31, 2021 | $677.50M | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | $767.40M | Feb 14, 2023 |
| FY2021 | Dec 31, 2019 | $818.38M | Feb 15, 2022 |
| FY2020 | Dec 31, 2018 | $457.52M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $326.01M | Feb 14, 2020 |
| FY2018 | Dec 31, 2016 | $454.95M | Feb 19, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $10.87B | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $10.02B | Feb 11, 2026 |
| FY2024 | Dec 31, 2023 | $9.62B | Feb 12, 2025 |
| FY2023 | Dec 31, 2022 | $9.62B | Feb 14, 2024 |
| FY2022 | Dec 31, 2021 | $9.13B | Feb 14, 2023 |
| FY2021 | Dec 31, 2020 | $8.09B | Feb 15, 2022 |
| FY2020 | Dec 31, 2019 | $7.56B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $6.96B | Feb 14, 2020 |
| FY2018 | Dec 31, 2017 | $6.66B | Feb 19, 2019 |
| FY2017 | Dec 31, 2016 | $6.54B | Feb 26, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.82B | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $3.50B | Feb 11, 2026 |
| FY2024 | Dec 31, 2023 | $3.22B | Feb 12, 2025 |
| FY2023 | Dec 31, 2022 | $2.99B | Feb 14, 2024 |
| FY2022 | Dec 31, 2021 | $2.79B | Feb 14, 2023 |
| FY2021 | Dec 31, 2020 | $2.56B | Feb 15, 2022 |
| FY2020 | Dec 31, 2019 | $2.36B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $2.18B | Feb 14, 2020 |
| FY2018 | Dec 31, 2017 | $1.71B | Feb 19, 2019 |
| FY2017 | Dec 31, 2016 | $1.61B | Feb 26, 2018 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.30B | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $1.30B | Feb 11, 2026 |
| FY2024 | Dec 31, 2023 | $1.30B | Feb 12, 2025 |
| FY2023 | Dec 31, 2022 | $1.30B | Feb 14, 2024 |
| FY2022 | Dec 31, 2021 | $1.30B | Feb 14, 2023 |
| FY2021 | Dec 31, 2020 | $1.30B | Feb 15, 2022 |
| FY2020 | Dec 31, 2019 | $1.30B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $1.30B | Feb 14, 2020 |
| FY2019 | Dec 31, 2017 | $1.30B | Feb 14, 2020 |
| FY2018 | Dec 31, 2016 | $1.30B | Feb 19, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.34B | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $1.25B | Feb 11, 2026 |
| FY2024 | Dec 31, 2023 | $1.16B | Feb 12, 2025 |
| FY2023 | Dec 31, 2022 | $1.06B | Feb 14, 2024 |
| FY2022 | Dec 31, 2021 | $962.46M | Feb 14, 2023 |
| FY2021 | Dec 31, 2020 | $870.74M | Feb 15, 2022 |
| FY2020 | Dec 31, 2019 | $778.78M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $700.40M | Feb 14, 2020 |
| FY2018 | Dec 31, 2017 | $548.62M | Feb 19, 2019 |
| FY2017 | Dec 31, 2016 | $457.93M | Feb 26, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $182.80M | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | $16.10M | Feb 11, 2026 |
| FY2024 | Dec 31, 2023 | $86.60M | Feb 12, 2025 |
| FY2023 | Dec 31, 2022 | $21.40M | Feb 14, 2024 |
| FY2022 | Dec 31, 2021 | $8.92M | Feb 14, 2023 |
| FY2021 | Dec 31, 2020 | $6.36M | Feb 15, 2022 |
| FY2020 | Dec 31, 2019 | $9.78M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $20.78M | Feb 14, 2020 |
| FY2018 | Dec 31, 2017 | $15.42M | Feb 19, 2019 |
| FY2017 | Dec 31, 2016 | $13.52M | Feb 26, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2015 | Dec 31, 2015 | $1.87B | Feb 25, 2016 |
| FY2015 | Dec 31, 2014 | $1.54B | Feb 25, 2016 |
| FY2014 | Dec 31, 2013 | $1.40B | Aug 7, 2015 |
| FY2013 | Dec 31, 2012 | $1.04B | Feb 26, 2014 |
| FY2012 | Dec 31, 2011 | $1.28B | Feb 25, 2013 |
| FY2011 | Dec 31, 2010 | $1.19B | Feb 29, 2012 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 11, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 11, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Feb 12, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | 3 | Feb 14, 2023 |
| FY2019 | Dec 31, 2019 | 1 | Feb 14, 2020 |
| FY2019 | Sep 30, 2019 | 0 | Feb 14, 2020 |
| FY2019 | Jun 30, 2019 | 0 | Feb 14, 2020 |
| FY2019 | Mar 31, 2019 | 1 | Feb 14, 2020 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 11, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 11, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 11, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Feb 12, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | 3 | Feb 14, 2023 |
| FY2019 | Dec 31, 2019 | 1 | Feb 14, 2020 |
| FY2019 | Sep 30, 2019 | 0 | Feb 14, 2020 |
| FY2019 | Jun 30, 2019 | 0 | Feb 14, 2020 |
| FY2019 | Mar 31, 2019 | 1 | Feb 14, 2020 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 75.50M | Feb 11, 2026 |
| FY2024 | Dec 31, 2024 | 71.70M | Feb 12, 2025 |
| FY2023 | Dec 31, 2023 | 68.00M | Feb 14, 2024 |
| FY2015 | Dec 31, 2015 | 51.19M | Feb 25, 2016 |
| FY2015 | Dec 31, 2014 | 44.67M | Feb 25, 2016 |
| FY2014 | Dec 31, 2013 | 44.50M | Aug 7, 2015 |
| FY2013 | Dec 31, 2012 | 44.21M | Feb 26, 2014 |
| FY2012 | Dec 31, 2011 | 43.96M | Feb 25, 2013 |
| FY2012 | Dec 31, 2010 | 39.28M | Feb 25, 2013 |
| FY2011 | Dec 31, 2009 | 38.98B | Feb 29, 2012 |