Investor Presentaiton
17
Investor Fact Book October 2023 | Xcel Energy
Xcel Energy Inc. | Consolidated Statements of Cash Flows
Years Ended December 31
Amounts in Millions
2022
2021
2020
Operating activities
Net income
$1,736
$1,597
$1,473
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
2,436
2,143
1,959
Nuclear fuel amortization
118
114
123
Deferred income taxes
(140)
(79)
(8)
Allowance for equity funds used during construction
(75)
(73)
(115)
Earnings from equity method investments
(36)
(62)
(40)
Dividends from equity method investments
37
42
42
Provision for bad debts
73
60
60
Share-based compensation expense
20
31
73
Net realized and unrealized hedging and derivative transactions
(57)
(27)
Changes in operating assets and liabilities:
Accounts receivable
Accrued unbilled revenues
Inventories
(429)
(164)
(154)
(243)
(149)
(3)
(203)
(126)
(80)
Other current assets.
(58)
(34)
(45)
Accounts payable
195
138
(33)
Net regulatory assets and liabilities
570
(973)
(144)
Other current liabilities
102
(1)
29
Pension and other employee benefit obligations
(49)
(135)
(125)
Other, net
(122)
(140)
(164)
Other, net
Net cash provided by operating activities
Investing activities
Capital/construction expenditures
Sale of MEC
Purchase of investment securities
Proceeds from the sale of investment securities
Net cash used in investing activities
Financing activities
3,932
2,189
2,848
(4,638)
(4,244)
(5,369)
684
(1,332)
(757)
(1,398)
1,297
743
1,378
20
(29)
(35)
(4,653)
(4,287)
(4,740)
Proceeds from (repayments of) short-term borrowings, net
(192)
421
(11)
Proceeds from issuances of long-term debt
2,164
2,710
2,940
Repayments of long-term debt, including reacquisition premiums
(601)
(417)
(1,001)
Proceeds from issuance of common stock
322
366
727
Dividends paid
(1,012)
(935)
(856)
Other, net
(15)
(10)
(26)
Net cash provided by financing activities
666
2,135
1,773
Net change in cash and cash equivalents
(55)
37
(119)
Cash, cash equivalents and restricted cash at beginning of period
Cash, cash equivalents and restricted cash at end of period
$166
$129
$248
$111
$166
$129View entire presentation