Xcel Energy (XEL) FY2017 results: revenue $11.4 billion, up 2.7% on the year
Xcel Energy Inc. (XEL) reported revenue of $11.4 billion for fiscal 2017, the year ended 31 December 2017, up 2.7% on the year before. Net income was $1.1 billion, up 2.2%, and diluted earnings per share $2.25. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$11.4 billion
+2.7% on the year
FY2010FY2017
Operating margin
19.5%
20.2% a year earlier
FY2010FY2017
Net income
$1.1 billion
+2.2% on the year
FY2010FY2017
Diluted EPS
$2.25
+1.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
11,404
11,107
11,024
+2.7%
Cost of revenue
3,757
3,718
n/a
+1.0%
Gross profit
7,647
7,389
n/a
+3.5%
Gross margin
67.1%
66.5%
n/a
Operating income
2,223
2,240
2,001
-0.8%
Operating margin
19.5%
20.2%
18.1%
Interest expense
663
647
595
+2.5%
Pre-tax income
1,690
1,705
1,527
-0.9%
Income tax
542
581
543
-6.7%
Effective tax rate
32.1%
34.1%
35.5%
Net income
1,148
1,123
984
+2.2%
Net margin
10.1%
10.1%
8.9%
Diluted EPS
$2.25
$2.21
$1.94
+1.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,126
3,052
3,038
+2.4%
Capital expenditure
3,244
3,195
3,683
+1.5%
Free cash flow
-118
-143
-645
Free cash flow margin
-1.0%
-1.3%
-5.9%
Cash from investing
-3,296
-3,261
-3,623
Cash from financing
168
209
590
-19.5%
Depreciation and amortisation
1,495
1,319
1,143
+13.4%
Share-based compensation
57.0
41.0
44.9
+39.0%
Buybacks
3.0
32.0
0.0
-90.6%
Dividends paid
721
681
607
+5.9%
Dividend per share
$1.44
$1.36
$1.28
+5.9%
Diluted shares, weighted
509m
509m
508m
-0.1%
Shares outstanding at period end
508m
507m
508m
+0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
11,455
11,021
10,601
+3.9%
Debt
15,791
14,842
13,902
+6.4%
Other liabilities
15,784
15,292
14,319
+3.2%
Total liabilities and equity
43,030
41,155
38,821
+4.6%
Fixed assets
34,329
32,842
31,206
+4.5%
Cash and equivalents
83.0
85.0
84.9
-2.4%
Receivables
797
776
725
+2.7%
Inventory
610
604
609
+1.0%
Other assets
7,211
6,848
6,197
+5.3%
Total assets
43,030
41,155
38,821
+4.6%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.