XCEL ENERGY INC
For the period ended May 22, 2024. Filed Apr 9, 2024.
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May 22, 2024 · Filed Apr 9, 2024
Contents
Appendix AReconciliation of Ongoing EPS
APPENDIX A
GAAP and Ongoing Earnings
The following table provides a reconciliation of ongoing diluted EPS to GAAP diluted EPS for 2005 through 2023:
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 (1) | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| GAAP EPS | $1.23 | $1.36 | $1.35 | $1.46 | $1.48 | $1.62 | $1.72 | $1.85 | $1.91 | $2.03 | $1.94 | $2.21 | $2.25 | $2.47 | $2.64 | $2.79 | $2.96 | $3.17 | $3.21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Discontinued Operations | (0.03) | (0.01) | — | — | 0.01 | (0.01) | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Continuing Operations | 1.20 | 1.35 | 1.35 | 1.46 | 1.49 | 1.61 | 1.72 | 1.85 | 1.91 | 2.03 | 1.94 | 2.21 | 2.25 | 2.47 | 2.64 | 2.79 | 2.96 | $3.17 | $3.21 |
| PSRI-COLI | (0.05) | (0.05) | 0.08 | (0.01) | 0.01 | (0.03) | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Prescription Drug Tax Benefit | — | — | — | — | — | 0.04 | — | (0.03) | — | — | — | — | — | — | — | — | — | — | — |
| SPS FERC Order | — | — | — | — | — | — | — | — | 0.04 | — | — | — | — | — | — | — | — | — | — |
| Loss on MonticelloLCM/EPU Project | — | — | — | — | — | — | — | — | — | — | 0.16 | — | — | — | — | — | — | — | — |
| Impact of Tax Cuts and Jobs Act | — | — | — | — | — | — | — | — | — | — | — | — | 0.05 | — | — | — | — | — | — |
| Loss on Comanche Unit 3 Litigation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.05 |
| Workforce Reduction Expenses | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.09 |
| OngoingEPS | $1.15 | $1.30 | $1.43 | $1.45 | $1.50 | $1.62 | $1.72 | $1.82 | $1.95 | $2.03 | $2.09 | $2.21 | $2.30 | $2.47 | $2.64 | $2.79 | $2.96 | $3.17 | $3.35 |
(1)Amounts in this column do not sum due to rounding.
Xcel Energy’s management believes that ongoing earnings reflect management’s performance in operating the Company and provide a meaningful representation of the performance of Xcel Energy’s core business. In addition, Xcel Energy’s management uses ongoing earnings internally for financial planning and analysis, for reporting of results to the Board of Directors and when communicating its earnings outlook to analysts and investors.
2023 EPS Growth
1.3% (annual GAAP EPS growth)
5.7% (annual ongoing EPS growth)
| PROXY STATEMENT 2024 | A-1 |
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