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)
2019
2018
2017
2016
2015
Operating revenues
$
11,529
$
11,537
$
11,404
$
11,107
$
11,024
Operating expenses (a)
9,425
9,572
9,181
8,867
9,024
Net income
1,372
1,261
1,148
1,123
984
Earnings available to common shareholders
1,372
1,261
1,148
1,123
984
Diluted earnings per common share
2.64
2.47
2.25
2.21
1.94
Financial information
Dividends declared per common share
1.62
1.52
1.44
1.36
1.28
Total assets (b) (c)
50,448
45,987
43,030
41,155
38,821
Long-term debt (c) (d)
17,407
15,803
14,520
14,195
12,399
(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 O&M 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 noncurrent assets to long-term debt on the consolidated balance sheet as of Dec. 31, 2015.
(d)
As a result of adopting Leases, Topic 842, finance lease obligations of $77 million are included in other noncurrent liabilities on the consolidated balance sheet at Dec. 31, 2019. These obligations were included in long-term debt prior to 2019.
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