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Item 6. Selected Financial Data

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Item 6. Selected Financial Data

Selected financial data for Xcel Energy related to the five most recent years ended Dec. 31.

(Millions of Dollars, Millions of Shares, Except Per Share Data)20182017201620152014
Operating revenues$11,537$11,404$11,107$11,024$11,686
Operating expenses (a)9,5729,1818,8679,0249,738
Net income1,2611,1481,1239841,021
Earnings available to common shareholders1,2611,1481,1239841,021
Diluted earnings per common share2.472.252.211.942.03
Financial information
Dividends declared per common share1.521.441.361.281.20
Total assets (b) (c)45,98743,03041,15538,82136,958
Long-term debt (c) (d)15,80314,52014,19512,39911,500
(a)As a result of adopting ASU No. 2017-07 (Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, Topic 715), $33 million and $26 million of pension costs were retrospectively reclassified from operating and maintenance expenses to other income, net on the consolidated statements of income for the years ended Dec. 31, 2017 and Dec. 31, 2016, respectively.
(b)As a result of adopting ASU No. 2015-17 (Balance Sheet Classification of Deferred Taxes, Topic 740), $140 million of current deferred income taxes was retrospectively reclassified to long-term deferred income tax liabilities on the consolidated balance sheet as of Dec. 31, 2015.
(c)As a result of adopting ASU No. 2015-03 (Simplifying the Presentation of Debt Issuance Costs, Subtopic 835-30), $92 million of deferred debt issuance costs was retrospectively reclassified from other non-current assets to long-term debt on the consolidated balance sheet as of Dec. 31, 2015.
(d)Includes capital lease obligations.

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