XCEL ENERGY INC

10-K & 10-Q Filings

Xcel Energy is a major US energy company headquartered in Minneapolis, Minnesota, with operations in eight states. The company provides electric and natural gas services to approximately 3.8 million electric customers and 2.2 million natural gas customers through four utility subsidiaries: NSP-Minnesota, NSP-Wisconsin, PSCo, and SPS. Xcel Energy's business strategy focuses on delivering a competitive total return to investors, leading the clean energy transition, enhancing the customer experience, and keeping bills low. The company has set a goal of achieving 100% carbon-free electricity by 2050 and is investing in renewable energy, transmission and distribution systems, and electric vehicle infrastructure. Xcel Energy's website is www.xcelenergy.com, and its ticker symbol is XEL.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$10654.77
10128.22
10914.92
11686.14
11024.49
11106.92
11404.00
11537.00
11529.00
11526.00
13431.00
15310.00
14206.00
4080.00
3649.00
2.43%-10.56%Cost of Revenue (-)
$8498.35
7896.62
8646.87
9272.17
8512.30
8360.99
8669.00
9016.00
40.00
37.00
38.00
44.00
49.00
12.00
8.00
-34.93%-33.33%Gross Profit (+)
$6632.59
6475.22
6862.93
7441.64
7225.32
7353.16
7613.00
7648.00
11489.00
11489.00
13393.00
15266.00
14157.00
4068.00
3641.00
6.52%-10.50%Selling, General & Administrative (-)
$374.81
408.92
420.50
465.84
511.68
532.07
545.00
556.00
569.00
612.00
630.00
688.00
657.00
184.00
171.00
4.79%-7.07%Non-recurring Operating Expenses (-)
$
35.00
Operating Expenses (-)
$374.81
408.92
420.50
465.84
511.68
532.07
545.00
556.00
569.00
612.00
630.00
688.00
11676.00
184.00
171.00
33.19%-7.07%Costs & Expenses (Total) (-)
$8873.17
8305.54
9067.37
9738.00
9023.97
8893.07
9214.00
9572.00
609.00
649.00
668.00
732.00
11725.00
196.00
179.00
2.35%-8.67%Operating Income/Loss (+)
$1781.60
1822.68
1847.56
1948.13
2000.51
2213.86
2190.00
1965.00
2104.00
2116.00
2203.00
2428.00
2481.00
573.00
679.00
2.80%18.50%Non-operating Income/Expense (+)
$39.78
36.15
32.99
35.45
39.79
50.07
53.00
-14.00
55.00
34.00
67.00
23.00
57.00
16.00
22.00
3.04%37.50%Interest Expense (-)
$591.10
601.58
575.20
566.61
595.28
646.91
663.00
700.00
773.00
840.00
842.00
953.00
1055.00
253.00
291.00
4.95%15.02%Earnings before Tax (+)
$1309.69
1355.40
1432.21
1545.12
1527.20
1704.60
1690.00
1442.00
1500.00
1467.00
1527.00
1601.00
1625.00
365.00
461.00
1.81%26.30%Tax Expense (-)
$468.32
450.20
483.98
523.82
542.72
581.22
542.00
181.00
128.00
-6.00
-70.00
-135.00
-146.00
-53.00
-27.00
49.06%Income/Loss (Continuing Operations) (+)
$841.37
905.20
948.23
1021.31
984.48
1123.38
1148.00
1261.00
1372.00
1473.00
1597.00
1736.00
1771.00
418.00
488.00
6.40%16.75%Income/Loss (Discontinued Operations) (+)
$-0.20
0.03
Net Income/Loss (+)
$841.17
905.23
948.23
1021.31
984.49
1123.38
1148.00
1261.00
1372.00
1473.00
1597.00
1736.00
1771.00
418.00
488.00
6.40%16.75%Preferred & Other Distributions (-)
$6.79
Net Income/Loss (Common) (+)
$834.38
905.23
948.23
1021.31
984.49
1123.38
1148.00
1261.00
1372.00
1473.00
1597.00
1736.00
1771.00
418.00
488.00
6.47%16.75%EPS (Basic)
$1.72
1.86
1.91
2.03
1.94
2.21
2.26
2.47
2.64
2.79
2.96
3.18
3.21
0.76
0.88
5.34%15.79%EPS (Diluted)
$1.72
1.85
1.91
2.03
1.94
2.21
2.25
2.47
2.64
2.79
2.96
3.17
3.21
0.76
0.88
5.34%15.79%Weighted Avg Shares (Basic)
485.04
487.90
496.07
503.85
507.77
508.79
509.00
511.00
519.00
527.00
539.00
547.00
552.00
551.00
556.00
1.08%0.91%Weighted Avg Shares (Diluted)
485.62
488.43
496.53
504.12
508.17
509.46
509.10
511.00
520.00
528.00
540.00
547.00
552.00
551.00
556.00
1.07%0.91%Cash
$155.97
82.32
107.14
79.61
84.94
84.48
83.00
147.00
248.00
129.00
166.00
111.00
129.00
114.00
501.00
-1.57%339.47%Receivables
$753.12
718.05
744.16
826.51
724.61
776.29
797.00
860.00
837.00
916.00
1018.00
1373.00
1315.00
1300.00
1220.00
4.75%-6.15%Inventory
$618.23
535.57
576.54
597.18
608.58
604.23
610.00
548.00
544.00
535.00
631.00
803.00
711.00
580.00
623.00
1.17%7.41%Prepaid Expenses (Current)
$121.48
171.31
252.26
356.60
318.76
245.38
251.00
233.00
228.00
292.00
333.00
414.00
346.00
402.00
633.00
9.11%57.46%Other Assets (Current)
$1333.76
1117.88
1537.94
1504.48
1173.56
1131.71
1232.00
1306.00
1256.00
1403.00
2091.00
2443.00
1568.00
1857.00
1512.00
1.36%-18.58%Assets (Current)
$2982.56
2625.14
3218.04
3364.38
2910.45
2842.08
2973.00
3094.00
3113.00
3275.00
4239.00
5144.00
4069.00
4253.00
4489.00
2.62%5.55%Securities & Long-term Investments
$1463.52
1617.87
1755.99
1832.64
1902.99
2091.86
2397.00
2317.00
2731.00
3096.00
3628.00
3234.00
3599.00
3373.00
3746.00
7.79%11.06%Property, Plant & Equipment (Net)
$22353.37
23809.35
26122.16
28756.92
31205.85
32841.75
34329.00
36944.00
41155.00
44440.00
46748.00
49457.00
52859.00
50090.00
53929.00
7.44%7.66%Other Assets
$2697.82
3088.33
2811.30
3003.95
3034.24
3379.59
3331.00
3632.00
3449.00
3146.00
3236.00
3353.00
3552.00
3229.00
3421.00
2.32%5.95%Assets (Non-current)
$26514.70
28515.55
30689.45
33593.50
36143.09
38313.20
40057.00
42893.00
47335.00
50682.00
53612.00
56044.00
60010.00
56692.00
61096.00
7.04%7.77%Assets (Total)
$29497.27
31140.69
33907.49
36957.88
39053.54
41155.28
43030.00
45987.00
50448.00
53957.00
57851.00
61188.00
64079.00
60945.00
65585.00
6.68%7.61%Accounts Payable
$1495.39
1587.78
1938.81
1879.88
1728.41
1847.71
2048.00
2056.00
2164.00
2249.00
2436.00
2858.00
2765.00
2548.00
2694.00
5.26%5.73%Debt (Current)
$1278.92
860.15
1039.76
1277.23
1503.02
647.53
1271.00
1444.00
1297.00
1005.00
1606.00
1964.00
1337.00
1980.00
1015.00
0.37%-48.74%Other Liabilities (Current)
$814.33
489.14
675.93
907.48
826.87
751.81
769.00
960.00
1107.00
985.00
1004.00
1256.00
1550.00
1133.00
1501.00
5.51%32.48%Liabilities (Current)
$3588.64
2937.07
3654.50
4064.58
4058.30
3247.04
4088.00
4460.00
4568.00
4239.00
5046.00
6078.00
5652.00
5661.00
5210.00
3.86%-7.97%Debt (Non-current)
$8848.51
10143.91
10910.75
11499.63
12490.72
14194.72
14520.00
15803.00
18956.00
19645.00
21779.00
22813.00
24913.00
22818.00
26396.00
9.01%15.68%Other Liabilities
$4557.54
4750.72
9776.29
11179.18
11903.60
12692.67
12967.00
13502.00
13685.00
15498.00
15414.00
15622.00
15898.00
15648.00
16138.00
10.97%3.13%Liabilities (Non-current)
$8577.92
9185.63
9776.29
11179.18
24394.32
26887.39
27487.00
29305.00
32641.00
35143.00
37193.00
38435.00
40811.00
38466.00
42534.00
13.88%10.58%Liabilities (Total)
$12974.32
13396.79
24341.54
26743.40
28452.61
30134.43
31575.00
33765.00
37209.00
39382.00
42239.00
44513.00
46463.00
44127.00
47744.00
11.22%8.20%Retained Earnings
$2032.56
2413.82
2807.98
3220.96
3552.73
3981.65
4413.00
4893.00
5413.00
5968.00
6572.00
7239.00
7858.00
7370.00
8042.00
11.93%9.12%AOCI
$-94.03
-112.65
-106.28
-108.14
-109.75
-110.35
-125.00
-124.00
-141.00
-141.00
-123.00
-93.00
-94.00
-97.00
-71.00
26.80%Shareholder's Equity
$8482.20
8874.08
9565.95
10214.48
10600.92
11020.85
11455.00
12222.00
13239.00
14575.00
15612.00
16675.00
17616.00
16818.00
17841.00
6.28%6.08%Liabilities & Equity
$29497.27
31140.69
33907.49
36957.88
39053.54
41155.28
43030.00
45987.00
50448.00
53957.00
57851.00
61188.00
64079.00
60945.00
65585.00
6.68%7.61%Net Income/Loss
$841.17
905.23
948.23
1021.31
984.49
1123.38
1148.00
1261.00
1372.00
1473.00
1597.00
1736.00
1771.00
418.00
488.00
6.40%16.75%Depreciation & Amortization
$918.67
950.96
1008.37
1042.55
1148.19
1322.61
1497.00
1659.00
1785.00
1959.00
2143.00
2436.00
2471.00
631.00
664.00
8.59%5.23%Increase/Decrease in Working Capital
$204.83
98.05
-57.44
91.30
-75.29
122.80
299.00
70.00
265.00
555.00
1444.00
115.00
-1192.00
-580.00
180.00
131.03%Share-based Compensation
$45.01
26.97
24.61
32.19
44.93
41.17
57.00
45.00
58.00
73.00
31.00
20.00
25.00
9.00
6.00
-4.78%-33.33%Adjustments to Reconcile Net Income
$1564.35
1099.53
1635.80
1626.89
2041.35
1928.92
1978.00
1861.00
1891.00
1375.00
592.00
2196.00
3556.00
1119.00
562.00
7.08%-49.78%Net Cash (Operating)
$2405.52
2004.76
2584.04
2648.19
3025.84
3052.30
3126.00
3122.00
3263.00
2848.00
2189.00
3932.00
5327.00
1537.00
1050.00
6.85%-31.69%Capital Expenditure
$-2208.01
-2571.19
3365.71
3202.17
3684.75
3259.51
3336.00
3957.00
4225.00
5369.00
4244.00
4638.00
5854.00
1265.00
1537.00
21.50%Net Cash (Investing)
$-2247.80
-2332.94
-3213.38
-3117.25
-3622.77
-3261.41
-3296.00
-3986.00
-4343.00
-4740.00
-4287.00
-4653.00
-5926.00
-1284.00
-1556.00
-21.18%Increase/Decrease in Debt
$546.82
3475.89
936.44
822.14
1201.83
933.87
910.00
1448.00
1528.00
1928.00
2714.00
1371.00
1451.00
16.00
1156.00
8.47%7125.00%Increase/Decrease in Equity
$143.67
26.58
231.77
180.80
7.01
-32.21
-3.00
229.00
458.00
727.00
366.00
322.00
270.00
6.00
8.00
5.40%33.33%Interest Expenses
$-531.15
-563.52
514.91
512.60
542.86
592.00
616.00
633.00
698.00
758.00
788.00
887.00
945.00
209.00
230.00
10.05%Dividends Paid
$-474.76
-486.76
514.04
561.41
606.57
680.52
721.00
730.00
791.00
856.00
935.00
1012.00
1092.00
259.00
280.00
8.11%Net Cash (Financing)
$-205.47
349.82
654.17
441.52
602.27
208.65
168.00
928.00
1181.00
1773.00
2135.00
666.00
617.00
-250.00
878.00
451.20%Cash Taxes Paid
$55.76
-9.57
-17.19
4.54
-58.29
-61.93
-44.00
-27.00
-53.00
-12.00
4.00
15.00
-92.00
-1.00
131.00
13200.00%Increase/Decrease in Cash
$-47.75
21.64
24.82
-27.54
5.33
-0.46
-2.00
64.00
101.00
-119.00
37.00
-55.00
18.00
3.00
372.00
12300.00%Cash (Beginning)
$108.44
60.68
82.32
107.14
79.61
84.94
85.00
83.00
147.00
248.00
129.00
166.00
111.00
111.00
129.00
0.19%16.22%Cash (Ending)
$60.68
82.32
107.14
79.61
84.94
84.48
83.00
147.00
248.00
129.00
166.00
111.00
129.00
114.00
501.00
6.49%339.47%NOPAT
$1705.74
1217.27
1223.22
1942.40
1289.59
1459.00
1487.64
1718.35
1924.46
2133.31
2303.99
2632.73
2621.46
574.57
718.77
3.65%25.10%Gross Margin %
62.25%
63.93%
62.88%
63.68%
65.54%
66.20%
66.76%
66.29%
99.65%
99.68%
99.72%
99.71%
99.66%
99.71%
99.78%
Operating Margin %
16.72%
18.00%
16.93%
16.67%
18.15%
19.93%
19.20%
17.03%
18.25%
18.36%
16.40%
15.86%
17.46%
14.04%
18.61%
NOPAT Margin %
16.01%
12.02%
11.21%
16.62%
11.70%
13.14%
13.04%
14.89%
16.69%
18.51%
17.15%
17.20%
18.45%
14.08%
19.70%
Net Margin %
7.89%
8.94%
8.69%
8.74%
8.93%
10.11%
10.07%
10.93%
11.90%
12.78%
11.89%
11.34%
12.47%
10.25%
13.37%
Tax Rate %
4.26%
33.22%
33.79%
0.29%
35.54%
34.10%
32.07%
12.55%
8.53%
-0.82%
-4.58%
-8.43%
-5.66%
-0.27%
-5.86%
ROA
5.78%
3.91%
3.61%
5.26%
3.30%
3.55%
3.46%
3.74%
3.81%
3.95%
3.98%
4.30%
4.09%
0.94%
1.10%
ROE
20.11%
13.72%
12.79%
19.02%
12.16%
13.24%
12.99%
14.06%
14.54%
14.64%
14.76%
15.79%
14.88%
3.42%
4.03%
ROIC
7.72%
5.18%
4.79%
6.87%
4.19%
4.51%
4.42%
4.75%
4.78%
4.90%
5.01%
5.41%
5.06%
1.16%
1.35%
Asset Turnover
0.36
0.33
0.32
0.32
0.28
0.27
0.27
0.25
0.23
0.21
0.23
0.25
0.22
0.07
0.06
Inventory Turnover
13.75
14.74
15.00
15.53
13.99
13.84
14.21
16.45
0.07
0.07
0.06
0.05
0.07
0.02
0.01
Equity Multiplier
3.48
3.51
3.54
3.62
3.68
3.73
3.76
3.76
3.81
3.70
3.71
3.67
3.64
3.62
3.68
Current Ratio
0.83
0.89
0.88
0.83
0.72
0.88
0.73
0.69
0.68
0.77
0.84
0.85
0.72
0.75
0.86
Quick Ratio
0.25
0.27
0.23
0.22
0.20
0.27
0.22
0.23
0.24
0.25
0.23
0.24
0.26
0.25
0.33
Debt/Equity Ratio
1.19
1.24
1.25
1.25
1.32
1.35
1.38
1.41
1.53
1.42
1.50
1.49
1.49
1.47
1.54
Interest Coverage Ratio
-3.35
-3.23
3.59
3.80
3.69
3.74
3.56
3.10
3.01
2.79
2.80
2.74
2.63
2.74
2.95
Working Capital/Sales
-0.02
-0.03
-0.05
-0.04
-0.04
-0.05
-0.06
-0.06
-0.07
-0.08
-0.06
-0.05
-0.07
-0.18
-0.17
Dividend Payout Ratio %
-27.83%
-39.99%
42.02%
28.90%
47.04%
46.64%
48.47%
42.48%
41.10%
40.13%
40.58%
38.44%
41.66%
45.08%
38.96%
Total Payout
$-1696.40
-4552.75
-139.26
71.08
-59.41
370.86
430.00
-314.00
-497.00
-1041.00
-1357.00
206.00
316.00
446.00
-654.00
-246.64%Payout Ratio %
-99.45%
-374.01%
-11.38%
3.66%
-4.61%
25.42%
28.90%
-18.27%
-25.83%
-48.80%
-58.90%
7.82%
12.05%
77.62%
-90.99%