Xcel Energy 2010 Annual Report Download - page 165

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155
SCHEDULE I
XCEL ENERGY INC.
CONDENSED STATEMENTS OF INCOME
(amounts in thousands, except per share data)
Year Ended Dec. 31
2010 2009 2008
Income
Equity earnings of subsidiaries ............................................ $ 818,212 $ 743,798 $ 708,943
Total income .......................................................... 818,212 743,798 708,943
Expenses and other deductions
Operating expenses ...................................................... 11,849 9,116 10,481
Other income ............................................................ (681) (1,295) (6,327)
Interest charges and financing costs ........................................ 112,510 101,118 114,341
Total expenses and other deductions ..................................... 123,678 108,939 118,495
Income from continuing operations before income taxes ....................... 694,534 634,859 590,448
Income tax benefit ......................................................... (57,422) (50,665) (55,272)
Income from continuing operations ........................................ 751,956 685,524 645,720
Income (loss) from discontinued operations, net of tax ........................ 3,878 (4,637) (166)
Net income ............................................................... 755,834 680,887 645,554
Dividend requirements on preferred stock .................................... 4,241 4,241 4,241
Earnings available to common shareholders .................................. $ 751,593 $ 676,646 $ 641,313
Weighted average common shares outstanding:
Basic ................................................................... 462,052 456,433 437,054
Diluted .................................................................. 463,391 457,139 441,813
Earnings per average common share — basic:
Income from continuing operations ........................................ $ 1.62 $ 1.49 $ 1.47
Income (loss) from discontinued operations ................................ 0.01 (0.01)
Earnings per share ..................................................... $ 1.63 $ 1.48 $ 1.47
Earnings per average common share — diluted:
Income from continuing operations ........................................ $ 1.61 $ 1.49 $ 1.46
Income (loss) from discontinued operations ................................ 0.01 (0.01)
Earnings per share ..................................................... $ 1.62 $ 1.48 $ 1.46
Cash dividends declared per common share ............................... $ 1.00 $ 0.97 $ 0.94