# XCEL ENERGY INC (XEL) FY2024 Annual P&L / Income Statement - Company: XCEL ENERGY INC (XEL) - Period: 2024-01-01 to 2024-12-31 - Filing: FY2024 10-K, filed 2025-02-27, accession number 0000072903-25-000029 - Page: https://plicit.ai/financials/xel/fy2024-annual-income-statement - Chart image: https://plicit.ai/charts/xel-fy2024-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service (4 categories) Income statement for 2024-01-01 through 2024-12-31. View: Product and service (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total operating revenues**: 13,441,000,000 US dollars - **Cost of revenue (calculated)**: 14,000,000 US dollars - **Gross profit (calculated)**: 13,427,000,000 US dollars - **Operating expenses (calculated)**: 11,041,000,000 US dollars - **Operating income**: 2,386,000,000 US dollars - **Other income (expense), net (calculated)**: negative 852,000,000 US dollars - **Income before income taxes**: 1,534,000,000 US dollars - **Income tax benefit**: negative 402,000,000 US dollars - **Net income**: 1,936,000,000 US dollars - **Retail**: 11,109,000,000 US dollars - **Wholesale**: 645,000,000 US dollars - **Transmission**: 648,000,000 US dollars - **Other**: 239,000,000 US dollars - **Undisclosed (calculated)**: 800,000,000 US dollars - **Cost of sales — other**: 14,000,000 US dollars - **Electric fuel and purchased power**: 3,788,000,000 US dollars - **Cost of natural gas sold and transported**: 951,000,000 US dollars - **Operating and maintenance expenses**: 2,540,000,000 US dollars - **Conservation and demand side management expenses**: 394,000,000 US dollars - **Depreciation and amortization**: 2,744,000,000 US dollars - **Taxes (other than income taxes)**: 624,000,000 US dollars - **Loss on Comanche Unit 3 litigation**: 0 US dollars - **Workforce reduction expenses**: 0 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/xel/fy2024-annual-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/xel-fy2024-annual-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total operating revenues**: 13,441,000,000 US dollars - **Cost of revenue (calculated)**: 14,000,000 US dollars - **Gross profit (calculated)**: 13,427,000,000 US dollars - **Operating expenses (calculated)**: 11,041,000,000 US dollars - **Operating income**: 2,386,000,000 US dollars - **Other income (expense), net (calculated)**: negative 852,000,000 US dollars - **Income before income taxes**: 1,534,000,000 US dollars - **Income tax benefit**: negative 402,000,000 US dollars - **Net income**: 1,936,000,000 US dollars - **Electric**: 11,147,000,000 US dollars - **Natural Gas**: 2,230,000,000 US dollars - **Other**: 64,000,000 US dollars - **Cost of sales — other**: 14,000,000 US dollars - **Electric fuel and purchased power**: 3,788,000,000 US dollars - **Cost of natural gas sold and transported**: 951,000,000 US dollars - **Operating and maintenance expenses**: 2,540,000,000 US dollars - **Conservation and demand side management expenses**: 394,000,000 US dollars - **Depreciation and amortization**: 2,744,000,000 US dollars - **Taxes (other than income taxes)**: 624,000,000 US dollars - **Loss on Comanche Unit 3 litigation**: 0 US dollars - **Workforce reduction expenses**: 0 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/xel/fy2024-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/xel-fy2024-annual-revenue-by-business-segment-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total operating revenues**: 13,441,000,000 US dollars - **Cost of revenue (calculated)**: 14,000,000 US dollars - **Gross profit (calculated)**: 13,427,000,000 US dollars - **Operating expenses (calculated)**: 11,041,000,000 US dollars - **Operating income**: 2,386,000,000 US dollars - **Other income (expense), net (calculated)**: negative 852,000,000 US dollars - **Income before income taxes**: 1,534,000,000 US dollars - **Income tax benefit**: negative 402,000,000 US dollars - **Net income**: 1,936,000,000 US dollars - **Regulated Electric**: 11,147,000,000 US dollars - **Natural Gas**: 2,230,000,000 US dollars - **All Other**: 64,000,000 US dollars - **Cost of sales — other**: 14,000,000 US dollars - **Electric fuel and purchased power**: 3,788,000,000 US dollars - **Cost of natural gas sold and transported**: 951,000,000 US dollars - **Operating and maintenance expenses**: 2,540,000,000 US dollars - **Conservation and demand side management expenses**: 394,000,000 US dollars - **Depreciation and amortization**: 2,744,000,000 US dollars - **Taxes (other than income taxes)**: 624,000,000 US dollars - **Loss on Comanche Unit 3 litigation**: 0 US dollars - **Workforce reduction expenses**: 0 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/xel/fy2024-annual-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/xel-fy2024-annual-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total operating revenues**: 13,441,000,000 US dollars - **Cost of revenue (calculated)**: 14,000,000 US dollars - **Gross profit (calculated)**: 13,427,000,000 US dollars - **Operating expenses (calculated)**: 11,041,000,000 US dollars - **Operating income**: 2,386,000,000 US dollars - **Other income (expense), net (calculated)**: negative 852,000,000 US dollars - **Income before income taxes**: 1,534,000,000 US dollars - **Income tax benefit**: negative 402,000,000 US dollars - **Net income**: 1,936,000,000 US dollars - **All Other - Other**: 0 US dollars - **All Other - Retail**: 50,000,000 US dollars - **All Other - Transmission**: 0 US dollars - **All Other - Wholesale**: 0 US dollars - **Regulated Electric - Other**: 64,000,000 US dollars - **Regulated Electric - Retail**: 9,114,000,000 US dollars - **Regulated Electric - Transmission**: 648,000,000 US dollars - **Regulated Electric - Wholesale**: 645,000,000 US dollars - **Natural Gas - Other**: 175,000,000 US dollars - **Natural Gas - Retail**: 1,945,000,000 US dollars - **Natural Gas - Transmission**: 0 US dollars - **Natural Gas - Wholesale**: 0 US dollars - **Undisclosed (calculated)**: 800,000,000 US dollars - **Cost of sales — other**: 14,000,000 US dollars - **Electric fuel and purchased power**: 3,788,000,000 US dollars - **Cost of natural gas sold and transported**: 951,000,000 US dollars - **Operating and maintenance expenses**: 2,540,000,000 US dollars - **Conservation and demand side management expenses**: 394,000,000 US dollars - **Depreciation and amortization**: 2,744,000,000 US dollars - **Taxes (other than income taxes)**: 624,000,000 US dollars - **Loss on Comanche Unit 3 litigation**: 0 US dollars - **Workforce reduction expenses**: 0 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.