Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share (EPS) was computed by dividing the earnings available to Xcel Energy Inc.’s common shareholders by the weighted average number of common shares outstanding during the period.  Diluted EPS was computed by dividing the earnings available to Xcel Energy Inc.’s common shareholders by the diluted weighted average number of common shares outstanding during the period.  Diluted EPS reflects the potential dilution that could occur if securities or other agreements to issue common stock (i.e., common stock equivalents), were settled.  The weighted average number of potentially dilutive shares outstanding used to calculate Xcel Energy Inc.’s diluted EPS is calculated based on the treasury stock method.

Common Stock Equivalents— Xcel Energy Inc. currently has common stock equivalents related to certain equity awards.

Share-Based Compensation

Common stock equivalents related to share-based compensation causing dilutive impact to EPS include commitments to issue common stock as an employer match to 401(k) plan participants.  Stock equivalent units granted to Xcel Energy Inc.’s Board of Directors are included in common shares outstanding upon grant date as there is no further service, performance or market condition associated with these awards.  Restricted stock, granted to settle amounts due to certain employees under the Xcel Energy Inc. Executive Annual Incentive Award Plan, is included in common shares outstanding when granted, pending remaining service conditions.

Share-based compensation arrangements for which there is currently no dilutive impact to EPS include the following:

• Restricted stock unit equity awards subject to a performance condition; included in common shares outstanding when all necessary conditions for settlement have been satisfied by the end of the reporting period.

• Performance share plan liability awards subject to a performance condition; any portions settled in shares are included in common shares outstanding upon settlement.

The dilutive impact of common stock equivalents affecting EPS was as follows:

	Three Months Ended June 30, 2013					Three Months Ended June 30, 2012
(Amounts in thousands, except per share data)	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Net income	$	196,857				$	183,060
Basic earnings per share:
Earnings available to common shareholders	196,857		497,747	$	0.40	183,060		487,717	$	0.38
Effect of dilutive securities:
401(k) equity awards	-		289			-		300
Diluted earnings per share:
Earnings available to common shareholders	$	196,857	498,036	$	0.40	$	183,060	488,017	$	0.38

	Six Months Ended June 30, 2013					Six Months Ended June 30, 2012
(Amounts in thousands, except per share data)	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Net income	$	433,427				$	366,953
Basic earnings per share:
Earnings available to common shareholders	433,427		493,786	$	0.88	366,953		487,538	$	0.75
Effect of dilutive securities:
401(k) equity awards	-		517			-		468
Diluted earnings per share:
Earnings available to common shareholders	$	433,427	494,303	$	0.88	$	366,953	488,006	$	0.75