filings.toolsItem 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) | 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||||||||||
| Operating revenues | $ | 11,526 | $ | 11,529 | $ | 11,537 | $ | 11,404 | $ | 11,107 | ||||||||||||||||||||||
| Operating expenses (a) | 9,410 | 9,425 | 9,572 | 9,181 | 8,867 | |||||||||||||||||||||||||||
| Net income | 1,473 | 1,372 | 1,261 | 1,148 | 1,123 | |||||||||||||||||||||||||||
| Earnings available to common shareholders | 1,473 | 1,372 | 1,261 | 1,148 | 1,123 | |||||||||||||||||||||||||||
| Diluted earnings per common share | 2.79 | 2.64 | 2.47 | 2.25 | 2.21 | |||||||||||||||||||||||||||
| Financial information | ||||||||||||||||||||||||||||||||
| Dividends declared per common share | 1.72 | 1.62 | 1.52 | 1.44 | 1.36 | |||||||||||||||||||||||||||
| Total assets | 53,957 | 50,448 | 45,987 | 43,030 | 41,155 | |||||||||||||||||||||||||||
| Long-term debt (b) | 19,645 | 17,407 | 15,803 | 14,520 | 14,195 |
(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 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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