Xcel Energy 2007 Annual Report Download - page 148
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SCHEDULE I
CONDENSED FINANCIAL STATEMENTS OF XCEL ENERGY INC.
Statements of Income
Year ended Dec. 31,
2007 2006 2005
(Thousands of Dollars)
Income:
Equity in income of subsidiaries ................................... $640,140 $625,298 $547,524
Total income ............................................. 640,140 625,298 547,524
Expenses and other deductions:
Operating expenses ........................................... 7,630 9,143 9,151
Other income .............................................. (5,556) (8,980) (6,047)
Interest charges and financing costs ................................. 118,017 107,778 87,804
Total expenses and other deductions ............................... 120,091 107,941 90,908
Income from continuing operations before taxes .......................... 520,049 517,357 456,616
Income tax benefit ............................................. (55,850) (51,324) (42,422)
Income from continuing operations .................................. 575,899 568,681 499,038
Income from discontinued operations, net of tax .......................... 1,449 3,073 13,934
Net income ................................................. 577,348 571,754 512,972
Preferred dividend requirements .................................... 4,241 4,241 4,241
Earnings available to common stockholders ............................. $573,107 $567,513 $508,731
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