Xcel Energy 2009 Annual Report Download - page 65

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The following table provides a reconciliation of GAAP earnings and earnings per share to ongoing earnings and
earnings per share for the years ended Dec. 31:
2009 2008 2007
(Millions of Dollars)
Ongoing earnings ................................ $690.0 $641.1 $612.0
PSRI ........................................ (4.5) 4.6 (36.1)
Total continuing operations .......................... 685.5 645.7 575.9
Discontinued operations ............................. (4.6) (0.1) 1.4
Total GAAP earnings .............................. $680.9 $645.6 $577.3
2009 2008 2007
(Dollars per Share)
Ongoing earnings ................................ $ 1.50 $ 1.45 $ 1.43
PSRI ........................................ (0.01) 0.01 (0.08)
Earnings per share — continuing operations ............... 1.49 1.46 1.35
Discontinued operations ............................. (0.01) — —
Total GAAP earnings per share — diluted ................. $ 1.48 $ 1.46 $ 1.35
Continuing operations consist of the following:
• Regulated utility subsidiaries, operating in the electric and natural gas segments; and
• Other nonregulated subsidiaries and the holding company.
The following table summarizes the earnings contributions of Xcel Energy’s business segments on the basis of GAAP.
See Note 4 to the consolidated financial statements for a further discussion of discontinued operations.
Contributions to Earnings
2009 2008 2007
(Millions of Dollars)
GAAP income (loss) by segment
Regulated electric income — continuing operations ........ $611.9 $552.3 $554.7
Regulated natural gas income — continuing operations ...... 108.9 129.3 108.0
Other regulated income(a) ........................ 27.2 27.0 (26.7)
Segment income — continuing operations ............ 748.0 708.6 636.0
Holding company and other costs(a) .................. (62.5) (62.9) (60.1)
Total income — continuing operations .............. 685.5 645.7 575.9
Discontinued operations ......................... (4.6) (0.1) 1.4
Total GAAP net income ....................... $680.9 $645.6 $577.3
Contributions to Earnings Per Share
2009 2008 2007
(Dollars per Share)
GAAP earnings (loss) by segment
Regulated electric — continuing operations ............. $1.33 $ 1.25 $ 1.28
Regulated natural gas — continuing operations ........... 0.24 0.29 0.25
Other regulated income(a) ........................ 0.06 0.06 (0.06)
Segment earnings per share — continuing operations ..... 1.63 1.60 1.47
Holding company and other costs(a) .................. (0.14) (0.14) (0.12)
Total earnings per share — continuing operations ........ 1.49 1.46 1.35
Discontinued operations ......................... (0.01) — —
Total GAAP earnings per share — diluted .............. $1.48 $ 1.46 $ 1.35
(a) Not a reportable segment. Included in all other segment results in Note 20 to the consolidated financial statements.
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