Xcel Energy 2013 Annual Report Download - page 166

148
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
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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
Item 9 — Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A — Controls and Procedures
Disclosure Controls and Procedures
Xcel Energy maintains a set of disclosure controls and procedures designed to ensure that information required to be disclosed in
reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized, and reported within the
time periods specified in SEC rules and forms. In addition, the disclosure controls and procedures ensure that information required to
be disclosed is accumulated and communicated to management, including the chief executive officer (CEO) and chief financial officer
(CFO), allowing timely decisions regarding required disclosure. As of Dec. 31, 2013, based on an evaluation carried out under the
supervision and with the participation of Xcel Energy’s management, including the CEO and CFO, of the effectiveness of its
disclosure controls and the procedures, the CEO and CFO have concluded that Xcel Energy’s disclosure controls and procedures were
effective.
Internal Control Over Financial Reporting
No change in Xcel Energy’s internal control over financial reporting has occurred during the most recent fiscal quarter that has
materially affected, or is reasonably likely to materially affect, Xcel Energy’s internal control over financial reporting. Xcel Energy
maintains internal control over financial reporting to provide reasonable assurance regarding the reliability of the financial reporting.
Xcel Energy has evaluated and documented its controls in process activities, general computer activities, and on an entity-wide level.
During the year and in preparation for issuing its report for the year ended Dec. 31, 2013 on internal controls under section 404 of the
Sarbanes-Oxley Act of 2002, Xcel Energy conducted testing and monitoring of its internal control over financial reporting. Based on
the control evaluation, testing and remediation performed, Xcel Energy did not identify any material control weaknesses, as defined
under the standards and rules issued by the Public Company Accounting Oversight Board and as approved by the SEC and as
indicated in Management Report on Internal Controls herein.
Item 9B — Other Information
None.
PART III
Item 10 — Directors, Executive Officers and Corporate Governance
Information required under this Item with respect to Directors and Corporate Governance is set forth in Xcel Energy Inc.’s Proxy
Statement for its 2014 Annual Meeting of Shareholders, which is incorporated by reference. Information with respect to Executive
Officers is included in Item 1 to this report.
Item 11 — Executive Compensation
Information required under this Item is set forth in Xcel Energy Inc.’s Proxy Statement for its 2014 Annual Meeting of Shareholders,
which is incorporated by reference.
Item 12 — Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Information required under this Item is contained in Xcel Energy Inc.’s Proxy Statement for its 2014 Annual Meeting of Shareholders,
which is incorporated by reference.