Xcel Energy (XEL) FY2015 results: revenue $11.0 billion, down 5.7% on the year
Xcel Energy Inc. (XEL) reported revenue of $11.0 billion for fiscal 2015, the year ended 31 December 2015, down 5.7% on the year before. Net income was $984 million, down 3.6%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$11.0 billion
-5.7% on the year
FY2008FY2015
Operating margin
18.1%
16.7% a year earlier
FY2008FY2015
Net income
$984 million
-3.6% on the year
FY2008FY2015
Diluted EPS
$1.94
-4.4% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
11,024
11,686
10,915
-5.7%
Operating income
2,001
1,948
1,848
+2.7%
Operating margin
18.1%
16.7%
16.9%
Interest expense
595
567
575
+5.1%
Pre-tax income
1,527
1,545
1,432
-1.2%
Income tax
543
524
484
+3.6%
Effective tax rate
35.5%
33.9%
33.8%
Net income
984
1,021
948
-3.6%
Net margin
8.9%
8.7%
8.7%
Diluted EPS
$1.94
$2.03
$1.91
-4.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,038
2,659
2,584
+14.2%
Capital expenditure
3,683
3,200
3,395
+15.1%
Free cash flow
-645
-540
-811
Free cash flow margin
-5.9%
-4.6%
-7.4%
Cash from investing
-3,623
-3,117
-3,213
Cash from financing
590
430
654
+37.1%
Depreciation and amortisation
1,143
1,037
1,002
+10.3%
Share-based compensation
44.9
32.2
24.6
+39.6%
Buybacks
0.0
0.0
0.0
Dividends paid
607
561
514
+8.0%
Dividend per share
$1.28
$1.20
$1.11
+6.7%
Diluted shares, weighted
508m
504m
497m
+0.8%
Shares outstanding at period end
508m
506m
498m
+0.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
10,601
10,214
9,566
+3.8%
Debt
13,902
12,777
11,951
+8.8%
Other liabilities
14,319
13,967
12,391
+2.5%
Total liabilities and equity
38,821
36,958
33,907
+5.0%
Fixed assets
31,206
28,757
26,122
+8.5%
Cash and equivalents
84.9
80.0
107
+6.2%
Receivables
725
827
744
-12.3%
Inventory
609
597
577
+1.9%
Other assets
6,197
6,697
6,357
-7.5%
Total assets
38,821
36,958
33,907
+5.0%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.