Xcel Energy (XEL) FY2018 results: revenue $11.5 billion, up 1.2% on the year
Xcel Energy Inc. (XEL) reported revenue of $11.5 billion for fiscal 2018, the year ended 31 December 2018, up 1.2% on the year before. Net income was $1.3 billion, up 9.8%, and diluted earnings per share $2.47. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$11.5 billion
+1.2% on the year
FY2011FY2018
Operating margin
17.0%
19.5% a year earlier
FY2011FY2018
Net income
$1.3 billion
+9.8% on the year
FY2011FY2018
Diluted EPS
$2.47
+9.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
11,537
11,404
11,107
+1.2%
Cost of revenue
3,854
3,757
3,718
+2.6%
Gross profit
7,683
7,647
7,389
+0.5%
Gross margin
66.6%
67.1%
66.5%
Operating income
1,965
2,223
2,240
-11.6%
Operating margin
17.0%
19.5%
20.2%
Interest expense
700
663
647
+5.6%
Pre-tax income
1,442
1,690
1,705
-14.7%
Income tax
181
542
581
-66.6%
Effective tax rate
12.6%
32.1%
34.1%
Net income
1,261
1,148
1,123
+9.8%
Net margin
10.9%
10.1%
10.1%
Diluted EPS
$2.47
$2.25
$2.21
+9.8%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
3,122
3,126
3,052
-0.1%
Capital expenditure
3,957
3,244
3,195
+22.0%
Free cash flow
-835
-118
-143
Free cash flow margin
-7.2%
-1.0%
-1.3%
Cash from investing
-3,986
-3,296
-3,261
Cash from financing
928
168
209
+452.4%
Depreciation and amortisation
1,659
1,495
1,319
+11.0%
Share-based compensation
45.0
57.0
41.0
-21.1%
Buybacks
1.0
3.0
32.0
-66.7%
Dividends paid
730
721
681
+1.2%
Dividend per share
$1.52
$1.44
$1.36
+5.6%
Diluted shares, weighted
511m
509m
509m
+0.4%
Shares outstanding at period end
514m
508m
507m
+1.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
12,222
11,455
11,021
+6.7%
Debt
17,247
15,791
14,842
+9.2%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
16,518
15,784
15,292
+4.7%
Total liabilities and equity
45,987
43,030
41,155
+6.9%
Fixed assets
36,944
34,329
32,842
+7.6%
Cash and equivalents
147
83.0
85.0
+77.1%
Receivables
860
797
776
+7.9%
Inventory
548
610
604
-10.2%
Other assets
7,488
7,211
6,848
+3.8%
Total assets
45,987
43,030
41,155
+6.9%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.