Xcel Energy (XEL) FY2020 results: revenue $11.5 billion, unchanged on the year
Xcel Energy Inc. (XEL) reported revenue of $11.5 billion for fiscal 2020, the year ended 31 December 2020, unchanged on the year before. Net income was $1.5 billion, up 7.4%, and diluted earnings per share $2.79. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2021.
Revenue
$11.5 billion
-0.0% on the year
FY2013FY2020
Operating margin
18.4%
18.2% a year earlier
FY2013FY2020
Net income
$1.5 billion
+7.4% on the year
FY2013FY2020
Diluted EPS
$2.79
+5.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
11,526
11,529
11,537
-0.0%
Cost of revenue
n/a
n/a
3,854
Gross profit
n/a
n/a
7,683
Gross margin
n/a
n/a
66.6%
Operating income
2,116
2,104
1,965
+0.6%
Operating margin
18.4%
18.2%
17.0%
Interest expense
840
773
700
+8.7%
Pre-tax income
1,467
1,500
1,442
-2.2%
Income tax
-6.0
128
181
Effective tax rate
-0.4%
8.5%
12.6%
Net income
1,473
1,372
1,261
+7.4%
Net margin
12.8%
11.9%
10.9%
Diluted EPS
$2.79
$2.64
$2.47
+5.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,848
3,263
3,122
-12.7%
Capital expenditure
5,369
4,225
3,957
+27.1%
Free cash flow
-2,521
-962
-835
Free cash flow margin
-21.9%
-8.3%
-7.2%
Cash from investing
-4,740
-4,343
-3,986
Cash from financing
1,773
1,181
928
+50.1%
Depreciation and amortisation
1,959
1,785
1,659
+9.7%
Share-based compensation
73.0
58.0
45.0
+25.9%
Buybacks
n/a
n/a
1.0
Dividends paid
856
791
730
+8.2%
Dividend per share
n/a
$1.62
$1.52
Diluted shares, weighted
528m
520m
511m
+1.5%
Shares outstanding at period end
537m
525m
514m
+2.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
14,575
13,239
12,222
+10.1%
Debt
20,650
18,704
17,247
+10.4%
Operating lease liabilities
1,344
1,549
0.0
-13.2%
Finance lease liabilities
73.0
77.0
n/a
-5.2%
Other liabilities
17,315
16,879
16,518
+2.6%
Total liabilities and equity
53,957
50,448
45,987
+7.0%
Fixed assets
42,950
39,483
36,944
+8.8%
Cash and equivalents
129
248
147
-48.0%
Receivables
916
837
860
+9.4%
Inventory
535
544
548
-1.7%
Other assets
9,427
9,336
7,488
+1.0%
Total assets
53,957
50,448
45,987
+7.0%
10-K for the year ended 31 December 2020, filed 17 February 2021: the filing.