Xcel Energy 2012 Annual Report Download - page 127

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117
Financial Impact of Qualifying Cash Flow Hedges — The impact of qualifying interest rate and vehicle fuel cash flow hedges
on Xcel Energy’s accumulated other comprehensive loss, included in the consolidated statements of common stockholders’ equity
and in the consolidated statements of comprehensive income, is detailed in the following table:
(Thousands of Dollars)
2012
2011
2010
Accumulated other comprehensive loss related to cash flow hedges at Jan. 1.........
$
(45,738)
$
(8,094)
$ (6,435)
After-tax net unrealized losses related to derivatives accounted for as hedges ........
(19,200)
(38,292)
(4,289)
After-tax net realized losses on derivative transactions reclassified into earnings .....
3,697
648
2,630
Accumulated other comprehensive loss related to cash flow hedges at Dec. 31 .......
$
(61,241)
$
(45,738)
$ (8,094)
The following tables detail the impact of derivative activity during the years ended Dec. 31, 2012, 2011 and 2010, on
accumulated other comprehensive loss, regulatory assets and liabilities, and income:
Year Ended Dec. 31, 2012
Pre-Tax Fair Value
Gains (Losses) Recognized
During the Period in:
Pre-Tax (Gains) Losses
Reclassified into Income
During the Period from:
(Thousands of Dollars)
Accumulated
Other
Comprehensive
Loss
Regulatory
(Assets) and
Liabilities
Accumulated
Other
Comprehensive
Loss
Regulatory
Assets and
(Liabilities)
Pre-Tax Gains
(Losses)Recognized
During the Period
in Income
Derivatives designated as cash flow hedges
Interest rate
................................
$
(31,913
)
$ -
$
6,582 (a)
$
-
$ -
Vehicle fuel and other commodity
............
120
-
(198)(e)
-
-
Total ................................
.....
$
(31,793
)
$ -
$
6,384
$
-
$ -
Other derivative instruments
Commodity trading
.........................
$
-
$ -
$
-
$
-
$ 12,226 (b)
Electric commodity
.........................
-
44,162
-
(39,999
)(c)
-
Natural gas commodity
......................
-
(10,809)
-
80,902
(d)
(137)(c)
Total ................................
.....
$
-
$ 33,353
$
-
$
40,903
$ 12,089
Year Ended Dec. 31, 2011
Pre-Tax Fair Value Gains
(Losses) Recognized During
the Period in:
Pre-Tax (Gains) Losses
Reclassified into Income During
the Period from:
(Thousands of Dollars)
Accumulated
Other
Comprehensive
Loss
Regulatory
(Assets) and
Liabilities
Accumulated
Other
Comprehensive
Loss
Regulatory
Assets and
(Liabilities)
Pre-Tax Gains
(Losses)Recognized
During the Period in
Income
Derivatives designated as cash flow hedges
Interest rate................................
..
$
(63,573)
$
-
$
1,424 (a)
$ -
$
-
Vehicle fuel and other commodity
.............
195
-
(178)(e)
-
-
Total ................................
......
$
(63,378)
$
-
$
1,246
$ -
$
-
Other derivative instruments
Commodity trading
..........................
$
-
$
-
$
-
$ -
$
6,418 (b)
Electric commodity
..........................
-
49,818
-
(40,492)(c)
-
Natural gas commodity
.......................
-
(111,574)
-
91,743 (d)
(382)(c)
Total ................................
......
$
-
$
(61,756)
$
-
$ 51,251
$
6,036