Xcel Energy (XEL) FY2012 results: revenue $10.1 billion, down 4.9% on the year
Xcel Energy Inc. (XEL) reported revenue of $10.1 billion for fiscal 2012, the year ended 31 December 2012, down 4.9% on the year before. Net income was $905 million, up 7.6%, and diluted earnings per share $1.85. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$10.1 billion
-4.9% on the year
FY2007FY2012
Operating margin
18.0%
16.7% a year earlier
FY2007FY2012
Net income
$905 million
+7.6% on the year
FY2007FY2012
Diluted EPS
$1.85
+7.6% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
10,128
10,655
10,311
-4.9%
Operating income
1,823
1,782
1,620
+2.3%
Operating margin
18.0%
16.7%
15.7%
Interest expense
602
591
577
+1.8%
Pre-tax income
1,355
1,310
1,189
+3.5%
Income tax
450
468
437
-3.9%
Effective tax rate
33.2%
35.8%
36.7%
Net income
905
841
756
+7.6%
Net margin
8.9%
7.9%
7.3%
Diluted EPS
$1.85
$1.72
$1.62
+7.6%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
2,005
2,406
1,894
-16.7%
Capital expenditure
0.0
0.0
732
Free cash flow
2,005
2,406
1,161
-16.7%
Free cash flow margin
19.8%
22.6%
11.3%
Cash from investing
-2,333
-2,248
-2,807
Cash from financing
350
-205
906
Depreciation and amortisation
944
909
872
+3.8%
Share-based compensation
27.0
45.0
35.8
-40.1%
Buybacks
18.5
0.0
0.0
Dividends paid
487
475
432
+2.5%
Dividend per share
$1.07
$1.03
$1.00
+3.9%
Diluted shares, weighted
488m
486m
463m
+0.6%
Shares outstanding at period end
488m
486m
482m
+0.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
8,874
8,482
8,084
+4.6%
Debt
11,004
10,127
9,785
+8.7%
Other liabilities
11,263
10,888
9,519
+3.4%
Total liabilities and equity
31,141
29,497
27,388
+5.6%
Fixed assets
23,809
22,353
20,663
+6.5%
Cash and equivalents
82.3
60.7
108
+35.7%
Receivables
718
753
718
-4.7%
Inventory
536
618
561
-13.4%
Other assets
5,995
5,712
5,337
+5.0%
Total assets
31,141
29,497
27,388
+5.6%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.