EX-99.03 7 c73185exv99w03.htm EX-99.03 REVISED SELECTED FINANCIAL DATA Xcel Energy, Inc.
 

Exhibit 99.03

            Selected Financial Data (Revised)

                                         
2001(d) 2000(d) 1999 1998 1997(e)





(Dollars in millions except per share data)
Operating revenues(a)
  $ 11,523     $ 9,370     $ 6,876     $ 6,614     $ 6,373  
Operating expenses(a)
  $ 9,637     $ 7,865     $ 5,679     $ 5,414     $ 5,344  
Income from continuing operations before extraordinary item(a)
  $ 753     $ 524     $ 564     $ 624     $ 499  
Net income
  $ 795     $ 527     $ 571     $ 624     $ 388  
Earnings available for common stock
  $ 791     $ 523     $ 566     $ 619     $ 377  
Average number of common shares outstanding (000’s)
    342,952       337,832       331,943       323,883       303,042  
Average number of common and potentially dilutive shares outstanding (000’s)
    343,742       338,111       332,054       324,355       303,422  
Earnings per share from continuing operations before extraordinary item — basic
  $ 2.19     $ 1.54     $ 1.69     $ 1.91     $ 1.61  
Earnings per share from continuing operations before extraordinary item — diluted
  $ 2.18     $ 1.54     $ 1.69     $ 1.91     $ 1.61  
Earnings per share — basic
  $ 2.31     $ 1.54     $ 1.70     $ 1.91     $ 1.24  
Earnings per share — diluted
  $ 2.30     $ 1.54     $ 1.70     $ 1.91     $ 1.24  
Dividends declared per share(b)
  $ 1.50     $ 1.45     $ 1.47     $ 1.46     $ 1.53  
Total assets
  $ 28,735     $ 21,769     $ 18,070     $ 15,055     $ 14,442  
Long-term debt(a)
  $ 11,889     $ 7,338     $ 5,582     $ 4,057     $ 3,867  
Book value per share
  $ 17.91     $ 16.32     $ 15.78     $ 15.44     $ 14.74  
Return on average common equity
    13.5       9.6       10.9       12.6       8.4  
Ratio of earnings to fixed charges(c)
    2.1       1.9       2.4       3.0       2.6  


(a)  Operating revenues and expenses, and long-term debt for 1997-2000 reflect reclassifications to remove amounts relate NRG operations which were discontinued in 2002. The results of these operations are excluded from income from continuing operations and reported net as discontinued operations. Long-term debt is reported with noncurrent assets held for sale. These reclassifications had no effect on net income or earnings per share.
 
(b)  Amounts include proforma adjustments to restate periods prior to the Xcel Energy merger for historically consistent reporting. Dividends in 2000 and 1997 reflect dividends paid by predecessor companies before, and successor companies after, the Xcel Energy merger in August 2000 and the New Century Energies merger in August 1997.

 
(c)  Excludes undistributed equity income and includes allowance for funds used during construction.
 
(d)  Earnings in 2001 were increased by three cents per share for extraordinary items. Earnings in 2000 were reduced by 52 cents per share for special charges related to the Xcel Energy merger, as discussed in Note 2 to the Financial Statements under Item 8. In addition, earnings in 2000 were reduced by six cents per share for extraordinary items related to electric utility restructuring in Texas and New Mexico, as discussed in Note 12 to the Financial Statements under Item 8.
 
(e)  Earnings in 1997 were reduced by 16 cents per share for special charges related to the New Century Energies merger and to write-off costs for the terminated merger to form Primergy. In addition, earnings in 1997 were reduced by 37 cents per share for an extraordinary item related to a UK windfall tax recorded at Yorkshire Power.

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