Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Report Date: February 2, 2011
Reporting Period: Fourth Quarter and Full Year ended December 31, 2011
Key Financial Metrics
| Metric | Q4 2011 | Q4 2010 | Full Year 2011 | Full Year 2010 |
|---|---|---|---|---|
| Income from Continuing Operations | $18.8 million ($0.44/share) | $34.6 million ($0.88/share) | $40.4 million ($1.01/share) | $63.1 million ($1.62/share) |
| Net Income | $25.6 million ($0.60/share) | $33.5 million ($0.85/share) | $49.7 million ($1.24/share) | $68.7 million ($1.76/share) |
Note: Revenue, cash flow, margins, debt, and liquidity figures are not provided in this filing text.
Material Changes
- Quarterly Decline: Income from continuing operations decreased by approximately 46% in Q4 2011 compared to Q4 2010. Net income decreased by approximately 24%.
- Annual Decline: Full-year income from continuing operations decreased by approximately 36% compared to 2010. Full-year net income decreased by approximately 28%.
Guidance, Outlook, and Risks
This filing serves as a notification of the issuance of a press release regarding 2011 financial results. The text does not contain specific management commentary, forward-looking guidance, risk factors, or details regarding contingencies and unusual items beyond the reported earnings figures.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99) for detailed explanations of the significant year-over-year decline in earnings.
- Verify the specific drivers of the decrease in income from continuing operations versus the decrease in net income.
- Check subsequent filings for revenue, cash flow, and debt metrics not included in this summary.