Xcel Energy (XEL) FY2013 results: revenue $10.9 billion, up 7.8% on the year
Xcel Energy Inc. (XEL) reported revenue of $10.9 billion for fiscal 2013, the year ended 31 December 2013, up 7.8% on the year before. Net income was $948 million, up 4.8%, and diluted earnings per share $1.91. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$10.9 billion
+7.8% on the year
FY2007FY2013
Operating margin
16.9%
18.0% a year earlier
FY2007FY2013
Net income
$948 million
+4.8% on the year
FY2007FY2013
Diluted EPS
$1.91
+3.2% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
10,915
10,128
10,655
+7.8%
Operating income
1,848
1,823
1,782
+1.4%
Operating margin
16.9%
18.0%
16.7%
Interest expense
575
602
591
-4.4%
Pre-tax income
1,432
1,355
1,310
+5.7%
Income tax
484
450
468
+7.5%
Effective tax rate
33.8%
33.2%
35.8%
Net income
948
905
841
+4.8%
Net margin
8.7%
8.9%
7.9%
Diluted EPS
$1.91
$1.85
$1.72
+3.2%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
2,584
2,005
2,406
+28.9%
Capital expenditure
3,395
0.0
0.0
Free cash flow
-811
2,005
2,406
Free cash flow margin
-7.4%
19.8%
22.6%
Cash from investing
-3,213
-2,333
-2,248
Cash from financing
654
350
-205
+87.0%
Depreciation and amortisation
1,002
944
909
+6.2%
Share-based compensation
24.6
27.0
45.0
-8.7%
Buybacks
0.0
18.5
0.0
Dividends paid
514
487
475
+5.6%
Dividend per share
$1.11
$1.07
$1.03
+3.7%
Diluted shares, weighted
497m
488m
486m
+1.7%
Shares outstanding at period end
498m
488m
486m
+2.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
9,566
8,874
8,482
+7.8%
Debt
11,951
11,004
10,127
+8.6%
Other liabilities
12,391
11,263
10,888
+10.0%
Total liabilities and equity
33,907
31,141
29,497
+8.9%
Fixed assets
26,122
23,809
22,353
+9.7%
Cash and equivalents
107
82.3
60.7
+30.2%
Receivables
744
718
753
+3.6%
Inventory
577
536
618
+7.6%
Other assets
6,357
5,995
5,712
+6.0%
Total assets
33,907
31,141
29,497
+8.9%
10-K for the year ended 31 December 2013, filed 21 February 2014: the filing.