Xcel Energy (XEL) FY2023 results: revenue $14.2 billion, down 7.2% on the year
Xcel Energy Inc. (XEL) reported revenue of $14.2 billion for fiscal 2023, the year ended 31 December 2023, down 7.2% on the year before. Net income was $1.8 billion, up 2.0%, and diluted earnings per share $3.21. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$14.2 billion
-7.2% on the year
FY2016FY2023
Operating margin
17.5%
15.9% a year earlier
FY2016FY2023
Net income
$1.8 billion
+2.0% on the year
FY2016FY2023
Diluted EPS
$3.21
+1.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,327
3,932
2,189
+35.5%
Capital expenditure
5,854
4,638
4,244
+26.2%
Free cash flow
-527
-706
-2,055
Free cash flow margin
-3.7%
-4.6%
-15.3%
Cash from investing
-5,926
-4,653
-4,287
Cash from financing
617
666
2,135
-7.4%
Depreciation and amortisation
2,471
2,436
2,143
+1.4%
Share-based compensation
25.0
20.0
31.0
+25.0%
Dividends paid
1,092
1,012
935
+7.9%
Dividend per share
$2.08
$1.95
n/a
+6.7%
Diluted shares, weighted
552m
547m
540m
+0.9%
Shares outstanding at period end
555m
550m
544m
+1.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
17,616
16,675
15,612
+5.6%
Debt
26,250
24,777
23,385
+5.9%
Operating lease liabilities
1,038
1,038
1,146
0.0%
Finance lease liabilities
62.0
64.0
69.0
-3.1%
Other liabilities
19,113
18,634
17,639
+2.6%
Total liabilities and equity
64,079
61,188
57,851
+4.7%
Fixed assets
51,642
48,253
45,457
+7.0%
Cash and equivalents
129
111
166
+16.2%
Receivables
1,315
1,373
1,018
-4.2%
Inventory
711
803
631
-11.5%
Other assets
10,282
10,648
10,579
-3.4%
Total assets
64,079
61,188
57,851
+4.7%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.