Xcel Energy (XEL) FY2016 results: revenue $11.1 billion, up 0.7% on the year
Xcel Energy Inc. (XEL) reported revenue of $11.1 billion for fiscal 2016, the year ended 31 December 2016, up 0.7% on the year before. Net income was $1.1 billion, up 14.1%, and diluted earnings per share $2.21. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$11.1 billion
+0.7% on the year
FY2009FY2016
Operating margin
20.2%
18.1% a year earlier
FY2009FY2016
Net income
$1.1 billion
+14.1% on the year
FY2009FY2016
Diluted EPS
$2.21
+13.9% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
11,107
11,024
11,686
+0.7%
Cost of revenue
3,718
n/a
n/a
Gross profit
7,389
n/a
n/a
Gross margin
66.5%
n/a
n/a
Operating income
2,240
2,001
1,948
+12.0%
Operating margin
20.2%
18.1%
16.7%
Interest expense
647
595
567
+8.7%
Pre-tax income
1,705
1,527
1,545
+11.6%
Income tax
581
543
524
+7.1%
Effective tax rate
34.1%
35.5%
33.9%
Net income
1,123
984
1,021
+14.1%
Net margin
10.1%
8.9%
8.7%
Diluted EPS
$2.21
$1.94
$2.03
+13.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,052
3,038
2,659
+0.5%
Capital expenditure
3,195
3,683
3,200
-13.3%
Free cash flow
-143
-645
-540
Free cash flow margin
-1.3%
-5.9%
-4.6%
Cash from investing
-3,261
-3,623
-3,117
Cash from financing
209
590
430
-64.6%
Depreciation and amortisation
1,319
1,143
1,037
+15.4%
Share-based compensation
41.0
44.9
32.2
-8.7%
Buybacks
32.0
0.0
0.0
Dividends paid
681
607
561
+12.2%
Dividend per share
$1.36
$1.28
$1.20
+6.3%
Diluted shares, weighted
509m
508m
504m
+0.3%
Shares outstanding at period end
507m
508m
506m
-0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
11,021
10,601
10,214
+4.0%
Debt
14,842
13,902
12,777
+6.8%
Other liabilities
15,292
14,319
13,967
+6.8%
Total liabilities and equity
41,155
38,821
36,958
+6.0%
Fixed assets
32,842
31,206
28,757
+5.2%
Cash and equivalents
85.0
84.9
80.0
+0.1%
Receivables
776
725
827
+7.1%
Inventory
604
609
597
-0.7%
Other assets
6,848
6,197
6,697
+10.5%
Total assets
41,155
38,821
36,958
+6.0%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.