Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.1B | $11.4B | $11.5B | — | — | — | — | — | — | — |
| Revenue growth | — | 2.7% | 1.2% | — | — | — | — | — | — | — |
| Operating income | $2.24B | $2.22B | $1.97B | $2.10B | $2.12B | $2.20B | $2.43B | $2.48B | $2.39B | $2.58B |
| Operating margin | 20.2% | 19.5% | 17.0% | — | — | — | — | — | — | — |
| Net income | $1.12B | $1.15B | $1.26B | $1.37B | $1.47B | $1.60B | $1.74B | $1.77B | $1.94B | $2.02B |
| Net margin | 10.1% | 10.1% | 10.9% | — | — | — | — | — | — | — |
| EPS (diluted) | $2.21 | $2.25 | $2.47 | $2.64 | $2.79 | $2.96 | $3.17 | $3.21 | $3.44 | $3.42 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.05B | $3.13B | $3.12B | $3.26B | $2.85B | $2.19B | $3.93B | $5.33B | $4.64B | $4.08B |
| Capital expenditures | $3.19B | $3.24B | $3.96B | $4.22B | $5.37B | $4.24B | $4.64B | $5.85B | $7.36B | $10.9B |
| Free cash flow | -$143M | -$118M | -$835M | -$962M | -$2.52B | -$2.06B | -$706M | -$527M | -$2.72B | -$6.83B |
| Share buybacks | $32.0M | $3.00M | $1.00M | — | — | — | — | — | — | — |
| Dividends paid | $681M | $721M | $730M | $791M | $856M | $935M | $1.01B | $1.09B | $1.18B | $1.28B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $85.0M | $83.0M | $147M | $248M | $129M | $166M | $111M | $129M | $179M | $274M |
| Total assets | $41.2B | $43.0B | $46.0B | $50.4B | $54.0B | $57.9B | $61.2B | $64.1B | $70.0B | $81.4B |
| Long-term debt | — | — | — | — | — | — | — | — | $27.3B | $31.8B |
| Shareholders' equity | $11.0B | $11.5B | $12.2B | $13.2B | $14.6B | $15.6B | $16.7B | $17.6B | $19.5B | $23.6B |
| Retained earnings | $3.98B | $4.41B | $4.89B | $5.41B | $5.97B | $6.57B | $7.24B | $7.86B | $8.55B | $9.21B |
| Shares (wtd avg diluted) | 509M | 509M | 511M | 520M | 528M | 540M | 547M | 552M | 563M | 589M |
Every figure is extracted from XCEL ENERGY INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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