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BLACK HILLS COR   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Operating Revenues1,754.301,680.271,538.921,261.321,393.57----------
Operating revenues: Utilities----------1,191.131,064.811,155.521,109.761,091.64
Operating revenues: Non-regulated energy----------84.72109.07116.67109.93107.07
Contract termination revenue--------------------
Total Revenues1,754.301,680.271,538.921,261.321,393.571,275.851,173.881,272.191,219.691,198.71
Fuel and Purchased Power625.60563.29499.13456.89581.78492.15407.07574.99566.97595.24
Gross profit1,128.70------------------
Operations and maintenance535.30454.61426.60323.81359.10261.92242.37247.50251.38242.00
Non-regulated energy operations and maintenance----------83.7685.8393.4571.6776.14
Depreciation, depletion and amortization196.30188.25175.53126.53144.75137.32145.92135.59126.61120.94
Administrative and general--------------------
Taxes, other than income taxes--51.5846.1640.0643.5840.0140.4933.7127.5921.69
Other operating expenses--(5.81)(55.31)(13.61)(0.50)(1.24)(2.05)(0.71)(0.98)(1.23)
Impairment of long-lived assets----------0.00(49.57)0.00--(43.30)
Gain on sale of operating assets------------75.850.008.9225.97
Total Operating Expenses--1,263.531,202.74960.901,129.701,016.41897.441,085.951,036.271,074.56
Operating income (loss)397.00416.74336.18300.42263.87259.45276.44186.24183.42124.16
Interest expense141.60140.76139.4586.2373.02113.98117.75116.68105.6889.44
Interest rate swap--------------------
Interest charges - Capitalized interest--(0.22)(0.36)(0.33)(0.98)(1.06)(0.68)(11.26)(4.38)(0.35)
Interest charges - Allowance for funds used during construction - borrowed--(2.42)(2.98)(1.25)(1.08)(1.13)(3.46)(14.04)(10.69)--
Equity in earnings (loss) of unconsolidated subsidiaries--------------------
Interest income1.601.021.431.621.931.721.962.020.540.92
Interest rate swap - unrealized gain----------30.171.88(42.01)(15.19)55.65
Allowance for funds used during construction - equity--2.323.270.900.990.610.540.933.005.84
Other income, net--1.351.752.082.071.972.492.492.735.92
Other expense(1.20)(1.56)(0.63)(0.16)(0.38)(0.69)(0.07)(0.82)(0.14)(0.51)
Pre-Tax Income--281.74205.89220.21197.52181.43169.6357.4783.75108.78
Income tax expense(23.70)73.3759.1078.6666.6363.0460.2218.2222.1732.85
Current- Federal--(6.19)(21.81)2.62(2.32)(2.00)4.97(14.54)0.68(12.35)
Deferred: Federal--76.5779.0071.3364.7858.2939.8830.8820.1945.91
Current: State--(1.43)(1.80)1.33(1.29)(0.17)3.71(0.84)4.14(0.41)
Current: Foreign--------------------
Deferred: State--4.473.763.495.667.140.072.97(2.50)0.07
Deferred------------------(0.37)
Tax credit amortization--(0.05)(0.05)(0.11)(0.21)(0.21)(0.23)(0.25)(0.34)--
Minority Interest--------------------
Equity in earnings of unconsolidated subsidiaries--------0.00(0.09)0.011.121.561.34
Income from continuing operations279.50208.38146.79141.55--118.31109.4240.3763.1477.27
Discontinued operations - Income (loss) from discontinued operations(6.90)(17.10)(64.16)(173.66)--(0.88)(6.98)9.375.544.29
Change in accounting principle--------------------
Consolidated Net Income (Loss)272.70191.2882.63(32.11)130.89117.42102.44------
Less: Net income attributable to non-controlling interests14.2014.249.66--------------
Preferred stock dividends--------------------
Net Income (Loss) available to limited partners shareholders258.40177.0372.97(32.11)130.89117.42102.4449.7368.6981.56
Earnings Per Share (Basic) - Cont Ops4.883.652.643.12--2.682.501.011.622.00
Earnings Per Share (Basic) - Disc Ops(0.13)(0.32)(1.23)(3.83)--(0.02)(0.16)0.240.140.11
Earnings per share (Basic) :Change in accounting principle--------------------
Non-controlling interest--------------------
NET EARNINGS PER SHARE (BASIC)4.753.331.41(0.71)2.952.662.341.251.762.11
Earnings Per Share (Diluted) - Cont Ops4.783.522.573.12--2.662.481.011.622.00
Earnings Per Share (Diluted) - Disc Ops(0.12)(0.31)(1.20)(3.83)--(0.02)(0.16)0.230.140.11
Earnings per share (Diluted) :Change in accounting principle--------------------
Non-controlling interest--------------------
NET EARNINGS PER SHARE (DILUTED)4.663.211.37(0.71)2.932.642.321.241.762.11
Weighted Average Shares Outstanding (Basic)54.4053.2251.9245.2944.3944.1643.8239.8638.9238.61
Weighted Average Shares Outstanding (Diluted)55.5055.1253.2745.2944.6044.4244.0740.0839.0938.68