10-KPeriod: FY2012

XCEL ENERGY INC Annual Report, Year Ended Dec 31, 2012

Filed February 22, 2013For Securities:XELXELLL

Summary

Xcel Energy Inc. (XEL) operates as a regulated utility holding company, providing electric and natural gas services across eight states. For the fiscal year ending December 31, 2012, the company demonstrated stable performance, with its diversified operations contributing to overall financial health. Key drivers of performance included steady demand for essential utility services, strategic investments in infrastructure modernization and environmental compliance, and effective cost management across its subsidiaries. The company's strategy focuses on stakeholder alignment, investing in regulated utility businesses, and earning a fair return on those investments. Xcel Energy's operational footprint spans across various states, with significant operations in Minnesota, Wisconsin, Colorado, Texas, and New Mexico. The company's financial results are subject to regulatory approvals for rates and investments, which are critical for cost recovery and earning allowed returns. Management's focus on operational excellence and prudent financial management positions Xcel Energy to navigate industry challenges and deliver consistent value to shareholders.

Financial Highlights

48 data points
Beta

Revenue

$10.13B

Net Income

$905.23M

8.9% Net Margin

EPS (Diluted)

$1.85

Total Assets

$31.14B

Cash & Equivalents

$82.32M

Free Cash Flow

$2.00B

Financial Statements
Beta
Revenue$10.13B
Operating Expenses$8.31B
Operating Income$1.82B
Interest Expense$601.55M
Net Income$905.23M
EPS (Basic)$1.86
EPS (Diluted)$1.85
Shares Outstanding (Basic)487.90M
Shares Outstanding (Diluted)488.43M

Key Highlights

  • 1Xcel Energy operates as a regulated utility holding company providing electric and natural gas services across eight states, including Minnesota, Wisconsin, Colorado, Texas, and New Mexico.
  • 2The company's strategy emphasizes stakeholder alignment, investment in regulated utility businesses, and earning a fair return on utility investments.
  • 3Key initiatives include modernizing infrastructure, improving reliability, reducing environmental impact, and expanding renewable energy sources.
  • 4Financial performance is influenced by regulatory approvals for rates and investments, with a focus on recovering costs and earning allowed returns.
  • 5The company managed its operations effectively, with a focus on balancing investments in infrastructure with cost recovery mechanisms.
  • 6Xcel Energy is subject to various environmental regulations and is investing in compliance measures, including emissions control technologies and renewable energy integration.
  • 7The company's financial stability is supported by its regulated business model, which allows for cost recovery through rate adjustments.

Frequently Asked Questions

Xcel Energy's primary business segments are its regulated electric utility operations and regulated natural gas utility operations, serving customers across eight states. It also has an 'all other' segment that includes smaller, non-utility activities.

Xcel Energy recovers its costs and earns a return on investment through regulatory mechanisms, including periodic rate cases and automatic rate adjustment mechanisms with state and federal regulators. These mechanisms allow the company to recover operating costs and earn a return on its capital investments in utility infrastructure.

Xcel Energy's corporate strategy centers on three core objectives: obtaining stakeholder alignment, investing in its regulated utility businesses, and earning a fair return on its utility investments. These objectives are aimed at delivering attractive total returns to shareholders while providing customers with reliable, clean energy at a reasonable price.

Environmental leadership is a core priority for Xcel Energy. The company is committed to meeting customer and policymaker expectations for clean energy by reducing emissions and expanding renewable energy sources in a cost-effective manner. It actively invests in environmental initiatives and complies with state and federal renewable energy and energy efficiency goals.