Xcel Energy (XEL) FY2011 results: revenue $10.7 billion, up 3.3% on the year
Xcel Energy Inc. (XEL) reported revenue of $10.7 billion for fiscal 2011, the year ended 31 December 2011, up 3.3% on the year before. Net income was $841 million, up 11.3%, and diluted earnings per share $1.72. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$10.7 billion
+3.3% on the year
FY2007FY2011
Operating margin
16.7%
15.7% a year earlier
FY2007FY2011
Net income
$841 million
+11.3% on the year
FY2007FY2011
Diluted EPS
$1.72
+6.2% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
10,655
10,311
9,644
+3.3%
Operating income
1,782
1,620
1,469
+10.0%
Operating margin
16.7%
15.7%
15.2%
Interest expense
591
577
562
+2.4%
Pre-tax income
1,310
1,189
1,057
+10.2%
Income tax
468
437
371
+7.3%
Effective tax rate
35.8%
36.7%
35.1%
Net income
841
756
681
+11.3%
Net margin
7.9%
7.3%
7.1%
Diluted EPS
$1.72
$1.62
$1.48
+6.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
2,406
1,894
1,913
+27.0%
Capital expenditure
0.0
732
0.0
Free cash flow
2,406
1,161
1,913
+107.1%
Free cash flow margin
22.6%
11.3%
19.8%
Cash from investing
-2,248
-2,807
-1,735
Cash from financing
-205
906
-322
Depreciation and amortisation
909
872
836
+4.2%
Share-based compensation
45.0
35.8
29.7
+25.7%
Buybacks
0.0
0.0
n/a
Dividends paid
475
432
415
+9.9%
Dividend per share
$1.03
$1.00
$0.97
+3.0%
Diluted shares, weighted
486m
463m
457m
+4.8%
Shares outstanding at period end
486m
482m
458m
+0.9%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
8,482
8,084
7,283
+4.9%
Short-term borrowings
n/a
n/a
459
Debt
10,127
9,785
7,889
+3.5%
Other liabilities
10,888
9,519
9,675
+14.4%
Total liabilities and equity
29,497
27,388
25,306
+7.7%
Fixed assets
22,353
20,663
18,508
+8.2%
Cash and equivalents
60.7
108
116
-44.0%
Receivables
753
718
729
+4.8%
Inventory
618
561
566
+10.2%
Other assets
5,712
5,337
5,386
+7.0%
Total assets
29,497
27,388
25,306
+7.7%
10-K for the year ended 31 December 2011, filed 22 February 2013: the filing.