Xcel Energy 2000 Annual Report Download - page 37

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19. SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarter Ended
(Thousands of dollars, except per share amounts) March 31, 2000 June 30, 2000 Sept. 30, 2000* Dec. 31, 2000*
Revenue*** $2,322,344 $2,460,509 $3,115,007 $3,693,936
Operating income 364,026 424,754 401,023 381,337
Income before extraordinary items
Extraordinary items
Net income 153,331 143,083 92,614 137,800
Earnings per share before extraordinary items: 152,271 142,022 91,554 136,740
Basic $ 0.45 $ 0.46 $ 0.29 $ 0.40
Diluted $ 0.45 $ 0.46 $ 0.29 $ 0.40
Earnings per share extraordinary items – basic & diluted $ (0.04) $ (0.02)
Earnings per share after extraordinary items:
Basic $ 0.45 $ 0.42 $ 0.27 $ 0.40
Diluted $ 0.45 $ 0.42 $ 0.27 $ 0.40
Quarter Ended
(Thousands of dollars, except per share amounts) March 31, 1999 June 30, 1999** Sept. 30,1999 Dec. 31, 1999**
Revenue*** $1,807,157 $1,654,399 $2,146,695 $2,207,292
Operating income 300,960 184,337 418,277 298,322
Net income 153,621 60,725 209,264 147,323
Earnings available for common stock 152,561 58,615 208,204 146,261
Earnings per share:
Basic $ 0.46 $ 0.18 $ 0.63 $ 0.43
Diluted $ 0.46 $ 0.18 $ 0.63 $ 0.43
*2000 results include special charges related to merger costs and strategic alignment as discussed in Note 2 to the Financial Statements. Third-quarter results were reduced by
approximately $201 million, or 43 cents per share. Fourth-quarter results were reduced by approximately $40 million, or 9 cents per share.
**1999 results include two adjustments related to regulatory recovery of conservation program incentives. Second-quarter results were reduced by $35 million before taxes, or 7 cents
per share, due to the disallowance of 1998 incentives. Fourth-quarter results were reduced by $22 million before taxes, or 4 cents per share, due to the reversal of all income recorded
through the third quarter for 1999 electric conservation program incentives. In addition, 1999 fourth-quarter results include a pretax special charge of approximately $17 million, or
4 cents per share, to write off goodwill related to EMI acquisitions. Also, a pretax special charge of approximately $11 million, or 2 cents per share, was recorded in the fourth quarter
of 1999 to write down an investment in CellNet common stock.
***Trading revenues have been reclassified to reflect presentation on a gross basis for all periods.
66
XCEL ENERGY INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS