Black Hills Balance Sheet
NYSE: BKHUtilitiesElectric Utilities: CentralUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Black Hills financial position
At the end of fiscal 2025, Black Hills reported total assets of $10.87 billion, up 8.5% from a year earlier against total liabilities of $6.96 billion. Shareholders' equity stood at $3.82 billion, or 35.2% of assets. The company held $182.8 million in cash and equivalents against $4.70 billion of debt, a net debt position of $4.52 billion.
The current ratio (current assets divided by current liabilities) was 1.35, meaning short-term assets cover obligations due within a year. Debt-to-equity was 1.23.
Summary generated from market data by MetaCap's automated system. Methodology
Black Hills balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 182.80M | 16.10M | 86.60M | 21.40M | 8.92M | 6.36M | 9.78M | 20.78M | 15.42M | 13.52M |
| Receivables | 389.00M | 351.20M | 350.30M | 508.20M | 321.65M | 265.96M | 255.81M | 269.15M | 248.33M | 259.31M |
| Inventory | 172.40M | 153.90M | 160.90M | 207.40M | 150.98M | 117.40M | 117.17M | 117.30M | 113.28M | 103.61M |
| Total Current Assets | 995.90M | 742.30M | 826.60M | 1.07B | 808.13M | 493.29M | 473.18M | 503.83M | 570.78M | 466.81M |
| Property, Plant & Equipment | 8.23B | 7.63B | 7.12B | 6.80B | 6.45B | 6.02B | 5.50B | 4.85B | 4.54B | 4.39B |
| Goodwill | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B | 1.30B |
| Intangible Assets | 6.40M | 7.60M | 8.40M | 9.60M | 10.80M | 11.90M | 13.27M | 14.34M | 7.56M | 8.39M |
| Long-Term Investments | — | — | — | — | 15.48M | 15.81M | 21.93M | 41.01M | 13.09M | 12.56M |
| Total Assets | 10.87B | 10.02B | 9.62B | 9.62B | 9.13B | 8.09B | 7.56B | 6.96B | 6.66B | 6.54B |
| Accounts Payable | 311.70M | 229.10M | 186.40M | 310.00M | 217.76M | 183.34M | 193.52M | 210.61M | 160.89M | 152.13M |
| Short-Term Debt | 0 | 133.80M | 600.00M | 1.06B | 420.18M | 242.48M | 355.24M | 191.36M | 217.04M | 102.34M |
| Total Current Liabilities | 740.00M | 763.40M | 1.19B | 1.67B | 901.71M | 696.53M | 811.29M | 648.23M | 649.10M | 527.93M |
| Long-Term Debt | 4.70B | 4.25B | 3.80B | 3.61B | 4.13B | 3.53B | 3.14B | 2.95B | 3.11B | 3.21B |
| Total Liabilities | 6.96B | 6.44B | 6.31B | 6.53B | 6.24B | 5.43B | 5.09B | 4.68B | 4.84B | 4.81B |
| Shareholders' Equity | 3.82B | 3.50B | 3.22B | 2.99B | 2.79B | 2.56B | 2.36B | 2.18B | 1.71B | 1.61B |
| Retained Earnings | 1.34B | 1.25B | 1.16B | 1.06B | 962.46M | 870.74M | 778.78M | 700.40M | 548.62M | 457.93M |
| Total Debt | 4.70B | 4.38B | 4.40B | 4.67B | 4.55B | 3.77B | 3.50B | 3.14B | 3.33B | 3.31B |
| Net Cash (Debt) | -4.52B | -4.37B | -4.31B | -4.65B | -4.54B | -3.76B | -3.49B | -3.12B | -3.31B | -3.30B |
| Shares Outstanding | 75.50M | 71.70M | 68.00M | — | — | — | — | — | — | — |
This table shows 10 annual periods of Black Hills's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow BKH's reporting calendar. What is a balance sheet?