2016 Q4 Form 10-K Financial Statement

#000007290317000008 Filed on February 24, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2015 Q3
Revenue $2.795B $2.646B $2.901B
YoY Change 5.64% -9.66% 1.1%
Cost Of Revenue $261.9M $249.5M $74.30M
YoY Change 4.97% -44.31% -30.82%
Gross Profit $2.533B $2.396B $2.827B
YoY Change 5.7% -3.4% 2.34%
Gross Profit Margin 90.62% 90.57% 97.44%
Selling, General & Admin $67.50M $59.40M $57.30M
YoY Change 13.64% -24.04% -23.8%
% of Gross Profit 2.67% 2.48% 2.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $363.5M $325.4M $318.1M
YoY Change 11.71% 12.56% 9.09%
% of Gross Profit 14.35% 13.58% 11.25%
Operating Expenses $2.056B $1.955B $2.041B
YoY Change 5.13% -6.42% -2.65%
Operating Profit $465.0M $441.0M $785.8M
YoY Change 5.44% 12.72% 18.05%
Interest Expense -$148.9M -$129.5M $152.6M
YoY Change 14.98% 6.41% 6.53%
% of Operating Profit -32.02% -29.36% 19.42%
Other Income/Expense, Net $9.000M $7.700M $1.626M
YoY Change 16.88% -47.26% 15.81%
Pretax Income $337.2M $319.3M $665.5M
YoY Change 5.61% 12.35% 17.88%
Income Tax $109.8M $110.2M $239.0M
% Of Pretax Income 32.56% 34.51% 35.92%
Net Earnings $227.0M $209.0M $426.5M
YoY Change 8.6% 6.46% 15.7%
Net Earnings / Revenue 8.12% 7.9% 14.7%
Basic Earnings Per Share $0.45 $0.41 $0.84
Diluted Earnings Per Share $0.45 $0.41 $0.84
COMMON SHARES
Basic Shares Outstanding 508.0M shares 507.5M shares 508.0M shares
Diluted Shares Outstanding 508.4M shares

Balance Sheet

Concept 2016 Q4 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.00M $85.00M $404.0M
YoY Change -1.18% 6.25% 192.75%
Cash & Equivalents $85.00M $85.00M $404.4M
Short-Term Investments
Other Short-Term Assets $1.377B $1.493B $1.554B
YoY Change -7.77% -19.77% -6.67%
Inventory $604.0M $608.6M $645.0M
Prepaid Expenses
Receivables $776.0M $724.6M $741.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.842B $2.770B $3.344B
YoY Change 2.59% -17.66% 4.62%
LONG-TERM ASSETS
Property, Plant & Equipment $32.84B $31.21B $29.83B
YoY Change 5.24% 8.52% 7.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $133.0M $130.0M $80.30M
YoY Change 2.31% 56.44% -4.97%
Other Assets $248.0M $32.58M $182.1M
YoY Change 661.18% -81.48% 2.65%
Total Long-Term Assets $38.31B $36.05B $34.69B
YoY Change 6.27% 7.32% 7.83%
TOTAL ASSETS
Total Short-Term Assets $2.842B $2.770B $3.344B
Total Long-Term Assets $38.31B $36.05B $34.69B
Total Assets $41.16B $38.82B $38.03B
YoY Change 6.01% 5.04% 7.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.045B $961.0M $924.3M
YoY Change 8.74% -18.08% -12.92%
Accrued Expenses $173.0M $167.0M $143.0M
YoY Change 3.59% 5.03% 8.33%
Deferred Revenue
YoY Change
Short-Term Debt $392.0M $846.0M $64.00M
YoY Change -53.66% -17.02% -90.82%
Long-Term Debt Due $250.0M $450.0M $457.0M
YoY Change -44.44% 77.13%
Total Short-Term Liabilities $3.247B $4.058B $3.085B
YoY Change -19.99% -0.15% -11.12%
LONG-TERM LIABILITIES
Long-Term Debt $14.20B $12.40B $12.69B
YoY Change 14.49% 7.82% 10.34%
Other Long-Term Liabilities $225.0M $261.8M $263.5M
YoY Change -14.04% -1.09% 8.01%
Total Long-Term Liabilities $225.0M $261.8M $263.5M
YoY Change -14.04% -1.09% 8.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.247B $4.058B $3.085B
Total Long-Term Liabilities $225.0M $261.8M $263.5M
Total Liabilities $3.472B $4.320B $3.348B
YoY Change -19.63% -0.21% -9.86%
SHAREHOLDERS EQUITY
Retained Earnings $3.982B $3.553B $3.507B
YoY Change 12.08% 10.3% 10.37%
Common Stock $7.149B $7.158B $7.142B
YoY Change -0.12% 0.79% 0.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.02B $10.60B $10.54B
YoY Change
Total Liabilities & Shareholders Equity $41.16B $38.82B $38.03B
YoY Change 6.01% 5.04% 7.54%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $227.0M $209.0M $426.5M
YoY Change 8.6% 6.46% 15.7%
Depreciation, Depletion And Amortization $363.5M $325.4M $318.1M
YoY Change 11.71% 12.56% 9.09%
Cash From Operating Activities $639.4M $535.9M $980.9M
YoY Change 19.31% -16.77% 1.67%
INVESTING ACTIVITIES
Capital Expenditures -$1.069B -$1.497B -$708.4M
YoY Change -28.58% 66.61% -2.37%
Acquisitions
YoY Change
Other Investing Activities $13.90M $13.50M $200.0K
YoY Change 2.96% -15.09% -99.1%
Cash From Investing Activities -$1.055B -$1.484B -$708.2M
YoY Change -28.88% 68.11% 0.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 146.9M 628.2M -3.900M
YoY Change -76.62% 248.23% -98.25%
NET CHANGE
Cash From Operating Activities 639.4M 535.9M 980.9M
Cash From Investing Activities -1.055B -1.484B -708.2M
Cash From Financing Activities 146.9M 628.2M -3.900M
Net Change In Cash -268.8M -319.5M 268.8M
YoY Change -15.87% 448.97% 603.66%
FREE CASH FLOW
Cash From Operating Activities $639.4M $535.9M $980.9M
Capital Expenditures -$1.069B -$1.497B -$708.4M
Free Cash Flow $1.708B $2.033B $1.689B
YoY Change -15.96% 31.8% -0.07%

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CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2016 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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3495000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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3526000 USD
CY2016 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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3471000 USD
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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2159000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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2249000 USD
CY2016 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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2185000 USD
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2125000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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2766000 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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3711000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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1390000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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1764000 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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2344000 USD
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4022000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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4380000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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4312000 USD
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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415000 USD
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3000 USD
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2000 USD
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33000 USD
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0 USD
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0 USD
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5400000 USD
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CY2015 us-gaap Proceeds From Sale And Maturity Of Other Investments
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CY2016 us-gaap Proceeds From Sale And Maturity Of Other Investments
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CY2014 us-gaap Provision For Doubtful Accounts
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42765000 USD
CY2015 us-gaap Provision For Doubtful Accounts
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CY2016 us-gaap Provision For Doubtful Accounts
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CY2014 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2015 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2016Q4 us-gaap Regulatory Assets Noncurrent
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CY2016Q4 us-gaap Regulatory Liability Noncurrent
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169000000 USD
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166000000 USD
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CY2015 us-gaap Revenues
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
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CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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33.48
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
588000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
496000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
522000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
29.90
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
36.09
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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36.00
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CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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32.81
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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36.05
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
500000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
800000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
500000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
530000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
19600000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
27100000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
21600000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
29.92
CY2015Q4 us-gaap Short Term Borrowings
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392000000 USD
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StockIssued1
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CY2016 us-gaap Stock Issued1
StockIssued1
29427000 USD
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StockIssuedDuringPeriodValueNewIssues
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CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
32523000 USD
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StockIssuedDuringPeriodValueNewIssues
16326000 USD
CY2015Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
3000000 shares
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
32209000 USD
CY2016 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
800000 shares
CY2016 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
32200000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
10600920000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
11020849000 USD
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9565950000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10214482000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10600920000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11020849000 USD
CY2012 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
15000000 USD
CY2013 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
12000000 USD
CY2014 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
17000000 USD
CY2015 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
5000000 USD
CY2014 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
465836000 USD
CY2015 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
511675000 USD
CY2016 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
532071000 USD
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
438189000 USD
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
457392000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
41200000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
66500000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
120700000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
133700000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
2000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
4500000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
300000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
6000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2900000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4700000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
9600000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
300000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
28700000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
27100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
8200000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
16000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
34800000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
9800000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
600000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
300000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
100000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
3400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1800000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
25800000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
29600000 USD
CY2014 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
1019045000 USD
CY2015 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
1124524000 USD
CY2016 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
1303203000 USD
CY2014 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
2334379000 USD
CY2015 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
2329670000 USD
CY2016 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
2326558000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
504117000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508168000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
509465000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
503847000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
507768000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
508794000 shares
CY2015Q4 xel Accrued Unbilled Revenues
AccruedUnbilledRevenues
654867000 USD
CY2016Q4 xel Accrued Unbilled Revenues
AccruedUnbilledRevenues
729832000 USD
CY2015Q4 xel Additional Cash Dividends On Common Stock Which Could Have Been Paid Per First Mortgage Indenture
AdditionalCashDividendsOnCommonStockWhichCouldHaveBeenPaidPerFirstMortgageIndenture
1700000000 USD
CY2016Q4 xel Additional Cash Dividends On Common Stock Which Could Have Been Paid Per First Mortgage Indenture
AdditionalCashDividendsOnCommonStockWhichCouldHaveBeenPaidPerFirstMortgageIndenture
1700000000 USD
CY2014 xel Amortization And Adjustments To Deferred Income Taxes On Income Tax Regulatory Assets And Liabilities
AmortizationAndAdjustmentsToDeferredIncomeTaxesOnIncomeTaxRegulatoryAssetsAndLiabilities
-48674000 USD
CY2015 xel Amortization And Adjustments To Deferred Income Taxes On Income Tax Regulatory Assets And Liabilities
AmortizationAndAdjustmentsToDeferredIncomeTaxesOnIncomeTaxRegulatoryAssetsAndLiabilities
-11810000 USD
CY2016 xel Amortization And Adjustments To Deferred Income Taxes On Income Tax Regulatory Assets And Liabilities
AmortizationAndAdjustmentsToDeferredIncomeTaxesOnIncomeTaxRegulatoryAssetsAndLiabilities
-44638000 USD
CY2014 xel Amortizationof Investment Tax Credits
AmortizationofInvestmentTaxCredits
5543000 USD
CY2015 xel Amortizationof Investment Tax Credits
AmortizationofInvestmentTaxCredits
5277000 USD
CY2016 xel Amortizationof Investment Tax Credits
AmortizationofInvestmentTaxCredits
5203000 USD
CY2016 xel Approvedannualaccrualfordecommissioningcosts
Approvedannualaccrualfordecommissioningcosts
14000000 USD
CY2015 xel Assumed Annual Escalation Rate During Independent Fuel Storage Installation And Site Restoration Portion Of Decommissioning
AssumedAnnualEscalationRateDuringIndependentFuelStorageInstallationAndSiteRestorationPortionOfDecommissioning
0.0336
CY2016 xel Assumed Annual Escalation Rate During Independent Fuel Storage Installation And Site Restoration Portion Of Decommissioning
AssumedAnnualEscalationRateDuringIndependentFuelStorageInstallationAndSiteRestorationPortionOfDecommissioning
0.0336
CY2015 xel Assumed Annual Escalation Rate During Operations And Radiological Portion Of Decommissioning
AssumedAnnualEscalationRateDuringOperationsAndRadiologicalPortionOfDecommissioning
0.0436
CY2016 xel Assumed Annual Escalation Rate During Operations And Radiological Portion Of Decommissioning
AssumedAnnualEscalationRateDuringOperationsAndRadiologicalPortionOfDecommissioning
0.0436
CY2014 xel Bonus Depreciation Extension
BonusDepreciationExtension
P1Y
CY2015Q4 xel Collateral Already Posted Adequate Assurance Clauses Aggregate Fair Value
CollateralAlreadyPostedAdequateAssuranceClausesAggregateFairValue
0 USD
CY2016Q4 xel Collateral Already Posted Adequate Assurance Clauses Aggregate Fair Value
CollateralAlreadyPostedAdequateAssuranceClausesAggregateFairValue
0 USD
CY2014 xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
301772000 USD
CY2015 xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
224679000 USD
CY2016 xel Conservation And Demand Side Management Program Expenses
ConservationAndDemandSideManagementProgramExpenses
244784000 USD
CY2014Q4 xel Cumulative Fuel Disposal Assessments Paid To Doe
CumulativeFuelDisposalAssessmentsPaidToDoe
452100000 USD
CY2014 xel Current Change In Unrecognized Tax Expense Benefit
CurrentChangeInUnrecognizedTaxExpenseBenefit
23915000 USD
CY2015 xel Current Change In Unrecognized Tax Expense Benefit
CurrentChangeInUnrecognizedTaxExpenseBenefit
45933000 USD
CY2016 xel Current Change In Unrecognized Tax Expense Benefit
CurrentChangeInUnrecognizedTaxExpenseBenefit
5924000 USD
CY2014 xel Doe Fuel Disposal Assessments Included In Fuel Expense
DOEFuelDisposalAssessmentsIncludedInFuelExpense
5000000 USD
CY2016 xel Doe Fuel Disposal Assessments Included In Fuel Expense
DOEFuelDisposalAssessmentsIncludedInFuelExpense
0 USD
CY2014 xel Deferred Change In Unrecognized Tax Expense Benefit
DeferredChangeInUnrecognizedTaxExpenseBenefit
-20645000 USD
CY2015 xel Deferred Change In Unrecognized Tax Expense Benefit
DeferredChangeInUnrecognizedTaxExpenseBenefit
-36342000 USD
CY2016 xel Deferred Change In Unrecognized Tax Expense Benefit
DeferredChangeInUnrecognizedTaxExpenseBenefit
-2097000 USD
CY2014 xel Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
1000 USD
CY2015 xel Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
1000 USD
CY2016 xel Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
-4000 USD
CY2014 xel Deferred Investment Tax Credits
DeferredInvestmentTaxCredits
5543000 USD
CY2015 xel Deferred Investment Tax Credits
DeferredInvestmentTaxCredits
5277000 USD
CY2016 xel Deferred Investment Tax Credits
DeferredInvestmentTaxCredits
5203000 USD
CY2015Q4 xel Deferred Tax Assets Deferred Investment Tax Credits
DeferredTaxAssetsDeferredInvestmentTaxCredits
29650000 USD
CY2016Q4 xel Deferred Tax Assets Deferred Investment Tax Credits
DeferredTaxAssetsDeferredInvestmentTaxCredits
27436000 USD
CY2015Q4 xel Deferred Tax Assets Environmental Remediation
DeferredTaxAssetsEnvironmentalRemediation
38663000 USD
CY2016Q4 xel Deferred Tax Assets Environmental Remediation
DeferredTaxAssetsEnvironmentalRemediation
30288000 USD
CY2015Q4 xel Deferred Tax Assets Rate Refund
DeferredTaxAssetsRateRefund
50441000 USD
CY2016Q4 xel Deferred Tax Assets Rate Refund
DeferredTaxAssetsRateRefund
32810000 USD
CY2015Q4 xel Deferred Tax Assets Regulatory Liabilities
DeferredTaxAssetsRegulatoryLiabilities
36257000 USD
CY2016Q4 xel Deferred Tax Assets Regulatory Liabilities
DeferredTaxAssetsRegulatoryLiabilities
28249000 USD
CY2015Q4 xel Deferred Tax Assets Tax Credit Carryforward
DeferredTaxAssetsTaxCreditCarryforward
404738000 USD
CY2016Q4 xel Deferred Tax Assets Tax Credit Carryforward
DeferredTaxAssetsTaxCreditCarryforward
497518000 USD
CY2015Q4 xel Deferred Tax Assets Unbilled Revenue Fuel Costs
DeferredTaxAssetsUnbilledRevenueFuelCosts
57220000 USD
CY2016Q4 xel Deferred Tax Assets Unbilled Revenue Fuel Costs
DeferredTaxAssetsUnbilledRevenueFuelCosts
11387000 USD
CY2014 xel Deferred Tax Expense Benefit Excluding Selected Items
DeferredTaxExpenseBenefitExcludingSelectedItems
616934000 USD
CY2015 xel Deferred Tax Expense Benefit Excluding Selected Items
DeferredTaxExpenseBenefitExcludingSelectedItems
546664000 USD
CY2016 xel Deferred Tax Expense Benefit Excluding Selected Items
DeferredTaxExpenseBenefitExcludingSelectedItems
630877000 USD
CY2014 xel Depreciation Expense Expressed As Percentage Of Average Depreciable Property
DepreciationExpenseExpressedAsPercentageOfAverageDepreciableProperty
0.027
CY2015 xel Depreciation Expense Expressed As Percentage Of Average Depreciable Property
DepreciationExpenseExpressedAsPercentageOfAverageDepreciableProperty
0.028
CY2016 xel Depreciation Expense Expressed As Percentage Of Average Depreciable Property
DepreciationExpenseExpressedAsPercentageOfAverageDepreciableProperty
0.029
CY2015Q4 xel Derivative Gross Liability Position Aggregate Fair Value
DerivativeGrossLiabilityPositionAggregateFairValue
0 USD
CY2016Q4 xel Derivative Gross Liability Position Aggregate Fair Value
DerivativeGrossLiabilityPositionAggregateFairValue
0 USD
CY2015Q4 xel Differencesin Discount Rateand Market Risk Premium
DifferencesinDiscountRateandMarketRiskPremium
1275438000 USD
CY2016Q4 xel Differencesin Discount Rateand Market Risk Premium
DifferencesinDiscountRateandMarketRiskPremium
1043655000 USD
CY2015Q4 xel Discounted Decommissioning Cost Obligation
DiscountedDecommissioningCostObligation
4314102000 USD
CY2016Q4 xel Discounted Decommissioning Cost Obligation
DiscountedDecommissioningCostObligation
4137132000 USD
CY2015Q4 xel Discounted Decommissioning Obligation Compared To Assets Currently Held In Trust
DiscountedDecommissioningObligationComparedToAssetsCurrentlyHeldInTrust
-2589952000 USD
CY2016Q4 xel Discounted Decommissioning Obligation Compared To Assets Currently Held In Trust
DiscountedDecommissioningObligationComparedToAssetsCurrentlyHeldInTrust
-2276370000 USD
CY2015Q4 xel Effect Of Discounting Obligation Using Risk Free Interest Rate
EffectOfDiscountingObligationUsingRiskFreeInterestRate
6891392000 USD
CY2016Q4 xel Effect Of Discounting Obligation Using Risk Free Interest Rate
EffectOfDiscountingObligationUsingRiskFreeInterestRate
7068362000 USD
CY2015Q4 xel Effect Of Escalating Costs To Current Year Dollars
EffectOfEscalatingCostsToCurrentYearDollars
126464000 USD
CY2016Q4 xel Effect Of Escalating Costs To Current Year Dollars
EffectOfEscalatingCostsToCurrentYearDollars
258278000 USD
CY2015Q4 xel Effect Of Escalating Costs To Payment Date
EffectOfEscalatingCostsToPaymentDate
8066688000 USD
CY2016Q4 xel Effect Of Escalating Costs To Payment Date
EffectOfEscalatingCostsToPaymentDate
7934874000 USD
CY2014 xel Effective Income Tax Rate Reconciliation Change In Unrecognized Tax Benefits
EffectiveIncomeTaxRateReconciliationChangeInUnrecognizedTaxBenefits
0.002
CY2015 xel Effective Income Tax Rate Reconciliation Change In Unrecognized Tax Benefits
EffectiveIncomeTaxRateReconciliationChangeInUnrecognizedTaxBenefits
0.006
CY2016 xel Effective Income Tax Rate Reconciliation Change In Unrecognized Tax Benefits
EffectiveIncomeTaxRateReconciliationChangeInUnrecognizedTaxBenefits
0.002
CY2014 xel Effective Income Tax Rate Reconciliation Regulatory Differences Utility Plant Items
EffectiveIncomeTaxRateReconciliationRegulatoryDifferencesUtilityPlantItems
-0.013
CY2015 xel Effective Income Tax Rate Reconciliation Regulatory Differences Utility Plant Items
EffectiveIncomeTaxRateReconciliationRegulatoryDifferencesUtilityPlantItems
-0.010
CY2016 xel Effective Income Tax Rate Reconciliation Regulatory Differences Utility Plant Items
EffectiveIncomeTaxRateReconciliationRegulatoryDifferencesUtilityPlantItems
-0.005
CY2014 xel Effective Income Tax Reconciliation Net Operating Loss Carryback
EffectiveIncomeTaxReconciliationNetOperatingLossCarryback
-0.009
CY2015 xel Effective Income Tax Reconciliation Net Operating Loss Carryback
EffectiveIncomeTaxReconciliationNetOperatingLossCarryback
-0.003
CY2016 xel Effective Income Tax Reconciliation Net Operating Loss Carryback
EffectiveIncomeTaxReconciliationNetOperatingLossCarryback
0.000
CY2015Q4 xel Estimated Decommissioning Cost Obligation From Most Recently Approved Study
EstimatedDecommissioningCostObligationFromMostRecentlyApprovedStudy
3012342000 USD
CY2016Q4 xel Estimated Decommissioning Cost Obligation From Most Recently Approved Study
EstimatedDecommissioningCostObligationFromMostRecentlyApprovedStudy
3012342000 USD
CY2015Q4 xel Estimated Decommissioning Cost Obligation In Current Dollars
EstimatedDecommissioningCostObligationInCurrentDollars
3138806000 USD
CY2016Q4 xel Estimated Decommissioning Cost Obligation In Current Dollars
EstimatedDecommissioningCostObligationInCurrentDollars
3270620000 USD
CY2015Q4 xel Estimated Future Decommissioning Costs Undiscounted
EstimatedFutureDecommissioningCostsUndiscounted
11205494000 USD
CY2016Q4 xel Estimated Future Decommissioning Costs Undiscounted
EstimatedFutureDecommissioningCostsUndiscounted
11205494000 USD
CY2016 xel Excise Tax Delay
ExciseTaxDelay
P2Y
xel Fuel Disposal Fee Charge
FuelDisposalFeeCharge
0.001
CY2016 xel Fuel Disposal Fee Charge
FuelDisposalFeeCharge
0
CY2014 xel Gain Loss On Hedging And Derivative Transactions
GainLossOnHedgingAndDerivativeTransactions
-5506000 USD
CY2015 xel Gain Loss On Hedging And Derivative Transactions
GainLossOnHedgingAndDerivativeTransactions
-21919000 USD
CY2016 xel Gain Loss On Hedging And Derivative Transactions
GainLossOnHedgingAndDerivativeTransactions
-7939000 USD
CY2014 xel Insurance Policy Expense Income Net
InsurancePolicyExpenseIncomeNet
6923000 USD
CY2015 xel Insurance Policy Expense Income Net
InsurancePolicyExpenseIncomeNet
3851000 USD
CY2016 xel Insurance Policy Expense Income Net
InsurancePolicyExpenseIncomeNet
3373000 USD
CY2014 xel Interest Expense Incomerelatedtounrecognizedtaxbenefits
InterestExpenseIncomerelatedtounrecognizedtaxbenefits
-300000 USD
CY2015 xel Interest Expense Incomerelatedtounrecognizedtaxbenefits
InterestExpenseIncomerelatedtounrecognizedtaxbenefits
-200000 USD
CY2016 xel Interest Expense Incomerelatedtounrecognizedtaxbenefits
InterestExpenseIncomerelatedtounrecognizedtaxbenefits
3300000 USD
CY2014 xel Losson Monticello Lcmep Uproject
LossonMonticelloLCMEPUproject
0 USD
CY2015 xel Losson Monticello Lcmep Uproject
LossonMonticelloLCMEPUproject
129463000 USD
CY2016 xel Losson Monticello Lcmep Uproject
LossonMonticelloLCMEPUproject
0 USD
CY2014 xel Matching Contributions Related To401 K Plan
MatchingContributionsRelatedTo401KPlan
7400000 USD
CY2016 xel Maximum Number Of Months Following End Of Annual Period In Which Revenues Are Earned To Be Included In Incentive Programs
MaximumNumberOfMonthsFollowingEndOfAnnualPeriodInWhichRevenuesAreEarnedToBeIncludedInIncentivePrograms
P24M
CY2016 xel Maximum Number Of Months Of Remaining Maturity At Time Of Purchase To Consider Investments In Certain Instruments As Cash Equivalents
MaximumNumberOfMonthsOfRemainingMaturityAtTimeOfPurchaseToConsiderInvestmentsInCertainInstrumentsAsCashEquivalents
P3M
CY2016 xel Minimum Amount Of Time Between Nuclear Decommissioning Studies In Years
MinimumAmountOfTimeBetweenNuclearDecommissioningStudiesInYears
P3Y
CY2014 xel Nuclear Decommissioning Expense
NuclearDecommissioningExpense
7138000 USD
CY2015 xel Nuclear Decommissioning Expense
NuclearDecommissioningExpense
6862000 USD
CY2016 xel Nuclear Decommissioning Expense
NuclearDecommissioningExpense
20372000 USD
CY2014 xel Nuclear Fuel Amortization
NuclearFuelAmortization
114542000 USD
CY2015 xel Nuclear Fuel Amortization
NuclearFuelAmortization
106424000 USD
CY2016 xel Nuclear Fuel Amortization
NuclearFuelAmortization
116982000 USD
CY2016 xel Number Of Employers That Must Be Exceeded During Given Period In Order For Certain Union Workers To Participate In Multiemployer Plans
NumberOfEmployersThatMustBeExceededDuringGivenPeriodInOrderForCertainUnionWorkersToParticipateInMultiemployerPlans
1 Employer
CY2016 xel Number Of Leases Qualifying As Capital Leases
NumberOfLeasesQualifyingAsCapitalLeases
3 Lease
CY2016 xel Number Of Years Approved For Use In Decommissioning Scenario In Years
NumberOfYearsApprovedForUseInDecommissioningScenarioInYears
P60Y
CY2016 xel Number Of Years Of Tax Loss Carryback Period
NumberOfYearsOfTaxLossCarrybackPeriod
two
CY2016 xel Numberof Utilitiesin Peer Group
NumberofUtilitiesinPeerGroup
22 Parties
CY2016 xel Operating Lease Purchase Power Agreement Expiration
OperatingLeasePurchasePowerAgreementExpiration
2039
CY2015Q4 xel Operatingand Maintenance Costs Not Includedfor Gaap
OperatingandMaintenanceCostsNotIncludedforGAAP
897640000 USD
CY2016Q4 xel Operatingand Maintenance Costs Not Includedfor Gaap
OperatingandMaintenanceCostsNotIncludedforGAAP
844155000 USD
CY2015Q4 xel Other Assets Excluding Property Plant And Equipment
OtherAssetsExcludingPropertyPlantAndEquipment
4845400000 USD
CY2016Q4 xel Other Assets Excluding Property Plant And Equipment
OtherAssetsExcludingPropertyPlantAndEquipment
5471446000 USD
CY2016Q4 xel Percent Of Employees Receiving Benefits Who Are Represented By Local Labor Unions Under Collective Bargaining Agreements
PercentOfEmployeesReceivingBenefitsWhoAreRepresentedByLocalLaborUnionsUnderCollectiveBargainingAgreements
0.47
CY2016Q4 xel Percentage Of Total Obligation For Decommissioning Expected To Be Funded By External Funds
PercentageOfTotalObligationForDecommissioningExpectedToBeFundedByExternalFunds
1
CY2014 xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
38402000 USD
CY2015 xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
26248000 USD
CY2016 xel Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Debt
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfDebt
27028000 USD
CY2016 xel Purchase Power Agreement Duration Maximum
PurchasePowerAgreementDurationMaximum
2039
CY2016 xel Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Dividend Equivalent In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDividendEquivalentInPeriodWeightedAverageGrantDateFairValue
33.64
CY2016 xel Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Dividend Equivalents In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDividendEquivalentsInPeriod
47000 shares
CY2016 xel Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Non Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue
40000000 USD
CY2015Q4 xel Tax Benefits Associated With Nol And Tax Credit Carryforwards
TaxBenefitsAssociatedWithNolAndTaxCreditCarryforwards
36700000 USD
CY2016Q4 xel Tax Benefits Associated With Nol And Tax Credit Carryforwards
TaxBenefitsAssociatedWithNolAndTaxCreditCarryforwards
43800000 USD
CY2015Q4 xel Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
94900000 USD
CY2016Q4 xel Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
104100000 USD
CY2016 xel Vie Purchase Power Agreement Expiration
VIEPurchasePowerAgreementExpiration
2041
CY2016 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Guarantees &#8212;</font><font style="font-family:inherit;font-size:10pt;"> Xcel Energy recognizes, upon issuance or modification of a guarantee, a liability for the fair market value of the obligation that has been assumed in issuing the guarantee. This liability includes consideration of specific triggering events and other conditions which may modify the ongoing obligation to perform under the guarantee.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The obligation recognized is reduced over the term of the guarantee as Xcel Energy is released from risk under the guarantee. See Note 13 for specific details of issued guarantees.</font></div></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#8212;</font><font style="font-family:inherit;font-size:10pt;"> Due to adoption of new accounting pronouncements, certain previously reported amounts have been reclassified to conform to the current year presentation. See Note 2 for further discussion of recently adopted accounting pronouncements. </font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates &#8212;</font><font style="font-family:inherit;font-size:10pt;"> In recording transactions and balances resulting from business operations, Xcel Energy uses estimates based on the best information available. Estimates are used for such items as plant depreciable lives or potential disallowances, AROs, certain regulatory assets and liabilities, tax provisions, uncollectible amounts, environmental costs, unbilled revenues, jurisdictional fuel and energy cost allocations and actuarially determined benefit costs. The recorded estimates are revised when better information becomes available or when actual amounts can be determined. Those revisions can affect operating results.</font></div></div>
CY2016 xel Reconciliationof Decommissioning Cost Obligation Regulatoryto Gaap
ReconciliationofDecommissioningCostObligationRegulatorytoGAAP
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Calculations and data used by the regulator in approving NSP-Minnesota&#8217;s rates are useful in assessing future cash flows. The regulatory basis information is a means to reconcile amounts previously provided to the MPUC and utilized for regulatory purposes to amounts used for financial reporting. The following table provides a reconciliation of the discounted decommissioning cost obligation - regulated basis to the ARO recorded in accordance with GAAP:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:76%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Thousands&#160;of&#160;Dollars)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Discounted decommissioning cost obligation - regulated basis</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,137,132</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,314,102</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Differences in discount rate and market risk premium</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,043,655</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,275,438</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">O&amp;M costs not included for GAAP</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(844,155</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(897,640</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nuclear production decommissioning ARO - GAAP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,249,322</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,141,024</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

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