Xcel Energy (XEL) FY2014 results: revenue $11.7 billion, up 7.1% on the year
Xcel Energy Inc. (XEL) reported revenue of $11.7 billion for fiscal 2014, the year ended 31 December 2014, up 7.1% on the year before. Net income was $1.0 billion, up 7.7%, and diluted earnings per share $2.03. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2015.
Revenue
$11.7 billion
+7.1% on the year
FY2007FY2014
Operating margin
16.7%
16.9% a year earlier
FY2007FY2014
Net income
$1.0 billion
+7.7% on the year
FY2007FY2014
Diluted EPS
$2.03
+6.3% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
11,686
10,915
10,128
+7.1%
Operating income
1,948
1,848
1,823
+5.4%
Operating margin
16.7%
16.9%
18.0%
Interest expense
567
575
602
-1.5%
Pre-tax income
1,545
1,432
1,355
+7.9%
Income tax
524
484
450
+8.2%
Effective tax rate
33.9%
33.8%
33.2%
Net income
1,021
948
905
+7.7%
Net margin
8.7%
8.7%
8.9%
Diluted EPS
$2.03
$1.91
$1.85
+6.3%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
2,659
2,584
2,005
+2.9%
Capital expenditure
3,200
3,395
0.0
-5.8%
Free cash flow
-540
-811
2,005
Free cash flow margin
-4.6%
-7.4%
19.8%
Cash from investing
-3,117
-3,213
-2,333
Cash from financing
430
654
350
-34.2%
Depreciation and amortisation
1,037
1,002
944
+3.5%
Share-based compensation
32.2
24.6
27.0
+30.8%
Buybacks
0.0
0.0
18.5
Dividends paid
561
514
487
+9.2%
Dividend per share
$1.20
$1.11
$1.07
+8.1%
Diluted shares, weighted
504m
497m
488m
+1.5%
Shares outstanding at period end
506m
498m
488m
+1.6%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
10,214
9,566
8,874
+6.8%
Debt
12,777
11,951
11,004
+6.9%
Other liabilities
13,967
12,391
11,263
+12.7%
Total liabilities and equity
36,958
33,907
31,141
+9.0%
Fixed assets
28,757
26,122
23,809
+10.1%
Cash and equivalents
80.0
107
82.3
-25.3%
Receivables
827
744
718
+11.1%
Inventory
597
577
536
+3.6%
Other assets
6,697
6,357
5,995
+5.3%
Total assets
36,958
33,907
31,141
+9.0%
10-K for the year ended 31 December 2014, filed 20 February 2015: the filing.