Xcel Energy 2008 Annual Report Download - page 165

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SCHEDULE I
CONDENSED FINANCIAL STATEMENTS OF XCEL ENERGY INC.
Statements of Income
(amounts in thousands of dollars)
Year ended Dec. 31,
2008 2007 2006
Income
Equity in income of subsidiaries ................................... $708,943 $640,140 $625,298
Total income ............................................. 708,943 640,140 625,298
Expenses and other deductions
Operating expenses ........................................... 10,481 7,630 9,143
Other income .............................................. (6,327) (5,556) (8,980)
Interest charges and financing costs ................................. 114,341 118,017 107,778
Total expenses and other deductions ............................... 118,495 120,091 107,941
Income from continuing operations before taxes .......................... 590,448 520,049 517,357
Income tax benefit ............................................. (55,272) (55,850) (51,324)
Income from continuing operations .................................. 645,720 575,899 568,681
Income (loss) from discontinued operations, net of tax ...................... (166) 1,449 3,073
Net income ................................................. 645,554 577,348 571,754
Preferred dividend requirements .................................... 4,241 4,241 4,241
Earnings available to common shareholders ............................. $641,313 $573,107 $567,513
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