Xcel Energy 2014 Annual Report Download - page 64

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Securities Authorized for Issuance Under Equity Compensation Plans
Information required under Item 5 — Securities Authorized for Issuance Under Equity Compensation Plans is contained in Xcel
Energy Inc.’s Proxy Statement for its 2015 Annual Meeting of Shareholders, which is incorporated by reference.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table provides information about our purchases of equity securities that are registered by Xcel Energy Inc. pursuant to
Section 12 of the Exchange Act for the year ended Dec. 31, 2014:
Issuer Purchases of Equity Securities
Period
Total Number
of Shares
Purchased Average Price Paid per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
Maximum Number (or
Approximate Dollar Value) of
Shares That May Yet Be
Purchased Under the Plans or
Programs
Jan. 1, 2014 — Jan. 31, 2014 (a) . . . . 18,874 $ 28.11 — —
Feb. 1, 2014 — Dec. 31, 2014 . . . . . — — — —
Total. . . . . . . . . . . . . . . . . . . . . . . . 18,874 — —
(a) Xcel Energy Inc. or one of its agents periodically purchases common shares in order to satisfy obligations under the Stock Equivalent Plan for Non-Employee
Directors.
Item 6 — Selected Financial Data
(Millions of Dollars, Thousands of Shares, Except Per Share Data) 2014 2013 2012 2011 2010
Operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,686 $ 10,915 $ 10,128 $ 10,655 $ 10,311
Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,738 9,067 8,306 8,873 8,691
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,021 948 905 841 756
Earnings available to common shareholders . . . . . . . . . . . . . 1,021 948 905 834 752
Weighted average common shares outstanding:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 503,847 496,073 487,899 485,039 462,052
Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 504,117 496,532 488,434 485,615 463,391
EPS:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2.03 $ 1.91 $ 1.86 $ 1.72 $ 1.63
Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.03 1.91 1.85 1.72 1.62
Dividends declared per common share . . . . . . . . . . . . . . . . . 1.20 1.11 1.07 1.03 1.00
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,958 33,907 31,141 29,497 27,388
Long-term debt (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,500 10,911 10,144 8,849 9,263
Book value per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.20 19.21 18.19 17.44 16.76
Return on average common equity . . . . . . . . . . . . . . . . . . . . 10.3% 10.3% 10.4% 10.1% 9.8%
Ratio of earnings to fixed charges (b) . . . . . . . . . . . . . . . . . . . 3.3 3.1 2.8 2.8 2.7
Non-GAAP:
Ongoing earnings (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,021 $ 968 $ 888 $ 841 $ 756
(a) Includes capital lease obligations.
(b) See Exhibit 12.01.
(c) See Item 7 for a reconciliation of ongoing earnings to GAAP earnings.
Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations
Business Segments and Organizational Overview
Xcel Energy Inc. is a public utility holding company. Xcel Energy’s operations included the activity of four utility subsidiaries that
serve electric and natural gas customers in eight states. These utility subsidiaries are NSP-Minnesota, NSP-Wisconsin, PSCo and SPS.
These utilities serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and
Wisconsin. Along with the TransCo subsidiaries, WYCO, a joint venture formed with CIG to develop and lease natural gas pipelines,
storage and compression facilities, and WGI, an interstate natural gas pipeline company, these companies comprise the regulated
utility operations.