Xcel Energy 2012 Annual Report Download - page 156

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Asset and capital expenditure information is not provided for Xcel Energy’s reportable segments because as an integrated electric
and natural gas utility, Xcel Energy operates significant assets that are not dedicated to a specific business segment, and reporting
assets and capital expenditures by business segment would require arbitrary and potentially misleading allocations which may not
necessarily reflect the assets that would be required for the operation of the business segments on a stand-alone basis.
To report income from continuing operations for regulated electric and regulated natural gas utility segments, the majority of
costs are directly assigned to each segment. However, some costs, such as common depreciation, common O&M expenses and
interest expense are allocated based on cost causation allocators. A general allocator is used for certain general and administrative
expenses, including office supplies, rent, property insurance and general advertising.
The accounting policies of the segments are the same as those described in Note 1.
Regulated Regulated All Reconciling Consolidated
(Thousands of Dollars) Electric Natural Gas Other Eliminations Total
2012
Operating revenues from external customers ...... $ 8,517,296 $ 1,537,374 $
73,553
$ - $ 10,128,223
Intersegment revenues .......................... 1,169 1,425
-
(2,594) -
Total revenues ............................... $ 8,518,465 $ 1,538,799 $
73,553
$ (2,594) $ 10,128,223
Depreciation and amortization ................... $ 801,649 $ 115,038 $
9,366
$ - $ 926,053
Interest charges and financing costs .............. 397,457 49,456
119,354
- 566,267
Income tax expense (benefit) .................... 465,626 50,322
(65,745
) - 450,203
Income (loss) from continuing operations......... 851,929 98,061
(44,791
) - 905,199
Regulated Regulated All Reconciling Consolidated
(Thousands of Dollars) Electric Natural Gas Other Eliminations Total
2011
Operating revenues from external customers ...... $ 8,766,593 $ 1,811,926 $
76,251
$ - $ 10,654,770
Intersegment revenues .......................... 1,269 2,358
-
(3,627) -
Total revenues ............................... $ 8,767,862 $ 1,814,284 $
76,251
$ (3,627) $ 10,654,770
Depreciation and amortization ................... $ 773,392 $ 106,870 $
10,357
$ - $ 890,619
Interest charges and financing costs .............. 402,668 52,115
108,134
- 562,917
Income tax expense (benefit) .................... 473,848 57,408
(62,940
) - 468,316
Income (loss) from continuing operations......... 788,967 101,842
(49,435
) - 841,374
Regulated Regulated All Reconciling Consolidated
(Thousands of Dollars) Electric Natural Gas Other Eliminations Total
2010
Operating revenues from external customers
.......
$ 8,451,845 $ 1,782,582 $
76,520
$ - $ 10,310,947
Intersegment revenues
...........................
1,015 5,653
-
(6,668) -
Total revenues
................................
$ 8,452,860 $ 1,788,235 $
76,520
$ (6,668) $ 10,310,947
Depreciation and amortization
....................
$ 748,815 $ 99,220 $
10,847
$ - $ 858,882
Interest charges and financing costs
...............
380,074 49,314
119,233
- 548,621
Income tax expense (benefit)
.....................
434,756 59,790
(57,911
) - 436,635
Income (loss) from continuing operations
..........
665,155 114,554
(27,753
) - 751,956
17. Summarized Quarterly Financial Data (Unaudited)
Quarter Ended
(Amounts in thousands, except per share data) March 31, 2012 June 30, 2012 Sept. 30, 2012 Dec. 31, 2012
Operating revenues ................................
.............
$ 2,578,079 $ 2,274,668 $ 2,724,341 $ 2,551,135
Operating income................................
...............
380,162 405,690 720,434 316,397
Income from continuing operations
..............................
183,769 183,075 398,147 140,208
Discontinued operations — income (loss)
.........................
124 (15) (41) (38)
Net income ................................
....................
183,893 183,060 398,106 140,170
Earnings available to common shareholders
.......................
183,893 183,060 398,106 140,170
Earnings per share total — basic ................................
.
$ 0.38 $ 0.38 $ 0.82 $ 0.29
Earnings per share total — diluted
...............................
0.38 0.38 0.81 0.29
Cash dividends declared per common share
.......................
0.26 0.27 0.27 0.27