XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

Business Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Segment Reporting Information, Additional Information [Abstract] |
Segment Reporting | Segment and Corporate and Other information is as follows (in thousands):
Three Months Ended September 30, 2020 | External Operating Revenue |  | Inter-company Operating Revenue |  | Total Revenues
Contract Customers | Other Revenues | Contract Customers | Other Revenues
Segment: |  |  |  |  |  |  |
Electric Utilities | $ | 194,941 |  | $ | 224 |  |  | $ | 5,677 |  | $ | — |  |  | $ | 200,842 |
Gas Utilities | 141,275 |  | 863 |  |  | 1,601 |  | 190 |  |  | 143,929 |
Power Generation | 1,528 |  | 414 |  |  | 24,521 |  | 55 |  |  | 26,518 |
Mining | 6,568 |  | 777 |  |  | 8,100 |  | (209) |  |  | 15,236 |
Inter-company eliminations | — |  | — |  |  | (39,899) |  | (36) |  |  | (39,935) |
Total | $ | 344,312 |  | $ | 2,278 |  |  | $ | — |  | $ | — |  |  | $ | 346,590 |
Three Months Ended September 30, 2019 | External Operating Revenue |  | Inter-company Operating Revenue |  | Total Revenues
Contract Customers | Other Revenues | Contract Customers | Other Revenues
Segment: |  |  |  |  |  |  |
Electric Utilities | $ | 185,811 |  | $ | 234 |  |  | $ | 5,339 |  | $ | — |  |  | $ | 191,384 |
Gas Utilities | 129,385 |  | 810 |  |  | 549 |  | — |  |  | 130,744 |
Power Generation | 1,703 |  | 531 |  |  | 14,415 |  | 9,162 |  |  | 25,811 |
Mining | 6,846 |  | 228 |  |  | 8,146 |  | 332 |  |  | 15,552 |
Inter-company eliminations | — |  | — |  |  | (28,449) |  | (9,494) |  |  | (37,943) |
Total | $ | 323,745 |  | $ | 1,803 |  |  | $ | — |  | $ | — |  |  | $ | 325,548 |
Nine Months Ended September 30, 2020 | External Operating Revenue |  | Inter-company Operating Revenue |  | Total Revenues
Contract Customers | Other Revenues | Contract Customers | Other Revenues
Segment: |  |  |  |  |  |  |
Electric Utilities | $ | 518,641 |  | $ | 2,074 |  |  | $ | 17,466 |  | $ | — |  |  | $ | 538,181 |
Gas Utilities | 655,386 |  | 7,083 |  |  | 3,153 |  | 190 |  |  | 665,812 |
Power Generation | 4,625 |  | 1,206 |  |  | 72,609 |  | 166 |  |  | 78,606 |
Mining | 20,062 |  | 1,477 |  |  | 23,855 |  | 463 |  |  | 45,857 |
Inter-company eliminations | — |  | — |  |  | (117,083) |  | (819) |  |  | (117,902) |
Total | $ | 1,198,714 |  | $ | 11,840 |  |  | $ | — |  | $ | — |  |  | $ | 1,210,554 |
Nine Months Ended September 30, 2019 | External Operating Revenue |  | Inter-company Operating Revenue |  | Total Revenues
Contract Customers | Other Revenues | Contract Customers | Other Revenues
Segment: |  |  |  |  |  |  |
Electric Utilities | $ | 521,614 |  | $ | 2,465 |  |  | $ | 16,586 |  | $ | — |  |  | $ | 540,665 |
Gas Utilities | 704,188 |  | 1,134 |  |  | 1,971 |  | — |  |  | 707,293 |
Power Generation | 5,725 |  | 1,401 |  |  | 40,924 |  | 27,714 |  |  | 75,764 |
Mining | 19,934 |  | 785 |  |  | 23,315 |  | 992 |  |  | 45,026 |
Inter-company eliminations | — |  | — |  |  | (82,796) |  | (28,706) |  |  | (111,502) |
Total | $ | 1,251,461 |  | $ | 5,785 |  |  | $ | — |  | $ | — |  |  | $ | 1,257,246 |
| Three Months Ended September 30, | Nine Months Ended September 30,
| 2020 | 2019 | 2020 | 2019
Adjusted operating income (a): |  |  |  |
Electric Utilities | $ | 52,083 |  | $ | 50,653 |  | $ | 121,726 |  | $ | 125,219 |
Gas Utilities | 18,147 |  | 4,736 |  | 139,253 |  | 116,607 |
Power Generation | 8,738 |  | 11,822 |  | 31,489 |  | 33,945 |
Mining | 3,505 |  | 3,374 |  | 9,992 |  | 9,351 |
Corporate and Other | (239) |  | (34) |  | (108) |  | (439) |
Operating income | 82,234 |  | 70,551 |  | 302,352 |  | 284,683 |
Interest expense, net | (36,041) |  | (33,487) |  | (107,039) |  | (102,469) |
Impairment of investment | — |  | (19,741) |  | (6,859) |  | (19,741) |
Other income (expense), net | (1,193) |  | 580 |  | (703) |  | 55 |
Income tax (expense) | (4,651) |  | (2,508) |  | (25,484) |  | (22,078) |
Net income | 40,349 |  | 15,395 |  | 162,267 |  | 140,450 |
Net income attributable to noncontrolling interest | (4,066) |  | (3,655) |  | (11,844) |  | (10,319) |
Net income available for common stock | $ | 36,283 |  | $ | 11,740 |  | $ | 150,423 |  | $ | 130,131 |
__________ (a) Adjusted operating income recognizes inter-segment revenues and costs for Colorado Electric’s PPA with Black Hills Colorado IPP on an accrual basis rather than as a finance lease. This presentation of segment information does not impact consolidated financial results.
Reconciliation of Assets from Segment to Consolidated | Segment and Corporate and Other balances included in the accompanying Condensed Consolidated Balance Sheets were as follows (in thousands):
Total assets (net of inter-company eliminations) as of: | September 30, 2020 |  | December 31, 2019
Segment: |  |  |
Electric Utilities | $ | 3,040,064 |  |  | $ | 2,900,983 |
Gas Utilities | 4,201,325 |  |  | 4,032,339 |
Power Generation | 403,491 |  |  | 417,715 |
Mining | 75,752 |  |  | 77,175 |
Corporate and Other | 108,418 |  |  | 130,245 |
Total assets | $ | 7,829,050 |  |  | $ | 7,558,457 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationAdditionalInformationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration