SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Xcel Energy Inc – ‘10-K’ for 12/31/09 – ‘XML.R18’

On:  Friday, 2/26/10, at 4:23pm ET   ·   For:  12/31/09   ·   Accession #:  1047469-10-1536   ·   File #:  1-03034

Previous ‘10-K’:  ‘10-K’ on 2/27/09 for 12/31/08   ·   Next:  ‘10-K’ on 2/28/11 for 12/31/10   ·   Latest:  ‘10-K’ on 2/21/24 for 12/31/23   ·   2 References:   

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/26/10  Xcel Energy Inc                   10-K       12/31/09   53:8.9M                                   Toppan Merrill-FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.22M 
 2: EX-10.24    Material Contract                                   HTML     22K 
 4: EX-21.01    Subsidiaries List                                   HTML     27K 
 5: EX-23.01    Consent of Experts or Counsel                       HTML     24K 
 6: EX-24.01    Power of Attorney                                   HTML     39K 
10: EX-99.01    Miscellaneous Exhibit                               HTML     23K 
 3: EX-12.01    Statement re: Computation of Ratios                 HTML     42K 
 7: EX-31.01    Certification -- §302 - SOA'02                      HTML     24K 
 8: EX-31.02    Certification -- §302 - SOA'02                      HTML     24K 
 9: EX-32.01    Certification -- §906 - SOA'02                      HTML     20K 
42: XML         IDEA XML File -- Definitions and References          XML    126K 
49: XML         IDEA XML File -- Filing Summary                      XML    158K 
47: XML.R1      Consolidated Statements of Income                    XML    362K 
48: XML.R2      Consolidated Statements of Income (Parenthetical)    XML     49K 
28: XML.R3      Consolidated Statements of Cash Flows                XML    504K 
33: XML.R4      Consolidated Balance Sheets                          XML    323K 
40: XML.R5      Consolidated Statements of Common Stockholders'      XML    531K 
                Equity and Comprehensive Income                                  
39: XML.R6      Consolidated Statements of Common Stockholders'      XML     73K 
                Equity and Comprehensive Income (Parenthetical)                  
52: XML.R7      Consolidated Statements of Capitalization,           XML   2.19M 
                Long-Term Debt                                                   
22: XML.R8      Consolidated Statements of Capitalization, Equity    XML    288K 
38: XML.R9      Consolidated Statements of Capitalization, Equity    XML     72K 
                (Parenthetical)                                                  
20: XML.R10     Summary of Significant Accounting Policies           XML     73K 
19: XML.R11     Accounting Pronouncements                            XML     45K 
27: XML.R12     Selected Balance Sheet Data                          XML     59K 
44: XML.R13     Discontinued Operations                              XML     50K 
29: XML.R14     Short-Term Borrowings and Other Financing            XML     35K 
                Instruments                                                      
30: XML.R15     Long-Term Borrowings and Other Financing             XML     73K 
                Instruments                                                      
36: XML.R16     Generating Plant Ownership and Operation             XML     69K 
53: XML.R17     Income Taxes                                         XML    142K 
25: XML.R18     Preferred and Common Stock                           XML     91K 
17: XML.R19     Share-Based Compensation                             XML    139K 
32: XML.R20     Benefit Plans and Other Postretirement Benefits      XML    270K 
43: XML.R21     Other Income, Net                                    XML     43K 
23: XML.R22     Derivative Instruments                               XML    152K 
41: XML.R23     Financial Instruments                                XML     65K 
31: XML.R24     Fair Value Measurements                              XML    110K 
51: XML.R25     Rate Matters                                         XML    106K 
46: XML.R26     Commitments and Contingent Liabilities               XML    218K 
34: XML.R27     Nuclear Obligations                                  XML     64K 
37: XML.R28     Regulatory Assets and Liabilities                    XML     87K 
18: XML.R29     Segments and Related Information                     XML     93K 
21: XML.R30     Summarized Quarterly Financial Data (Unaudited)      XML     65K 
24: XML.R31     Lubbock Electric Distribution Assets                 XML     34K 
26: XML.R32     Condensed Financial Statements of Xcel Energy Inc.   XML    124K 
35: XML.R33     Valuation and Qualifying Accounts                    XML     44K 
45: XML.R34     Document and Entity Information                      XML    129K 
50: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    220K 
11: EX-101.INS  XBRL Instance -- xel-20091231                        XML   2.29M 
13: EX-101.CAL  XBRL Calculations -- xel-20091231_cal                XML    205K 
14: EX-101.DEF  XBRL Definitions -- xel-20091231_def                 XML    194K 
15: EX-101.LAB  XBRL Labels -- xel-20091231_lab                      XML   1.03M 
16: EX-101.PRE  XBRL Presentations -- xel-20091231_pre               XML    524K 
12: EX-101.SCH  XBRL Schema -- xel-20091231                          XSD    115K 


‘XML.R18’   —   Preferred and Common Stock


This Financial Report is an XBRL XML File.


                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<InstanceReport xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema">
<Version> 1.0.0.3 </Version>
<hasSegments> false </hasSegments>
<ReportName> Preferred and Common Stock </ReportName>
<RoundingOption/>
<Columns>
<Column>
<LabelColumn> false </LabelColumn>
<Id> 1 </Id>
<Labels>
<Label Id="1" Label="12 Months Ended"/>
<Label Id="2" Label="Dec. 31, 2009"/>
<Label Id="4" Label="USD / shares"/>
</Labels>
<CurrencySymbol> $ </CurrencySymbol>
<hasSegments> false </hasSegments>
<hasScenarios> false </hasScenarios>
<Segments/>
<Scenarios/>
<Units>
<Unit>
<UnitID> Shares </UnitID>
<UnitType> Standard </UnitType>
<StandardMeasure>
<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>
<MeasureValue> shares </MeasureValue>
<MeasureNamespace> xbrli </MeasureNamespace>
</StandardMeasure>
<Scale> 0 </Scale>
</Unit>
<Unit>
<UnitID> USD </UnitID>
<UnitType> Standard </UnitType>
<StandardMeasure>
<MeasureSchema> http://www.xbrl.org/2003/iso4217 </MeasureSchema>
<MeasureValue> USD </MeasureValue>
<MeasureNamespace> iso4217 </MeasureNamespace>
</StandardMeasure>
<Scale> 0 </Scale>
</Unit>
<Unit>
<UnitID> USDPerShare </UnitID>
<UnitType> Divide </UnitType>
<NumeratorMeasure>
<MeasureSchema> http://www.xbrl.org/2003/iso4217 </MeasureSchema>
<MeasureValue> USD </MeasureValue>
<MeasureNamespace> iso4217 </MeasureNamespace>
</NumeratorMeasure>
<DenominatorMeasure>
<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>
<MeasureValue> shares </MeasureValue>
<MeasureNamespace> xbrli </MeasureNamespace>
</DenominatorMeasure>
<Scale> 0 </Scale>
</Unit>
</Units>
</Column>
</Columns>
<Rows>
<Row>
<Id> 2 </Id>
<Label> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </Label>
<Level> 0 </Level>
<ElementName> xel_NotesToConsolidatedFinancialStatementsAbstract </ElementName>
<ElementPrefix> xel </ElementPrefix>
<IsBaseElement> false </IsBaseElement>
<BalanceType> na </BalanceType>
<PeriodType> duration </PeriodType>
<ElementDataType> string </ElementDataType>
<ShortDefinition> No definition available. </ShortDefinition>
<IsReportTitle> false </IsReportTitle>
<IsSegmentTitle> false </IsSegmentTitle>
<IsSubReportEnd> false </IsSubReportEnd>
<IsCalendarTitle> false </IsCalendarTitle>
<IsTuple> false </IsTuple>
<IsAbstractGroupTitle> true </IsAbstractGroupTitle>
<IsBeginningBalance> false </IsBeginningBalance>
<IsEndingBalance> false </IsEndingBalance>
<IsEPS> false </IsEPS>
<Cells>
<Cell>
<Id> 1 </Id>
<ShowCurrencySymbol> false </ShowCurrencySymbol>
<IsNumeric> false </IsNumeric>
<NumericAmount> 0 </NumericAmount>
<RoundedNumericAmount> 0 </RoundedNumericAmount>
<NonNumbericText/>
<NonNumericTextHeader/>
<FootnoteIndexer/>
<hasSegments> false </hasSegments>
<hasScenarios> false </hasScenarios>
</Cell>
</Cells>
<ElementDefenition> No definition available. </ElementDefenition>
<IsTotalLabel> false </IsTotalLabel>
</Row>
<Row>
<Id> 3 </Id>
<Label> Preferred and Common Stock </Label>
<Level> 1 </Level>
<ElementName> us-gaap_StockholdersEquityNoteDisclosureTextBlock </ElementName>
<ElementPrefix> us-gaap </ElementPrefix>
<IsBaseElement> true </IsBaseElement>
<BalanceType> na </BalanceType>
<PeriodType> duration </PeriodType>
<ElementDataType> string </ElementDataType>
<ShortDefinition> No definition available. </ShortDefinition>
<IsReportTitle> false </IsReportTitle>
<IsSegmentTitle> false </IsSegmentTitle>
<IsSubReportEnd> false </IsSubReportEnd>
<IsCalendarTitle> false </IsCalendarTitle>
<IsTuple> false </IsTuple>
<IsAbstractGroupTitle> false </IsAbstractGroupTitle>
<IsBeginningBalance> false </IsBeginningBalance>
<IsEndingBalance> false </IsEndingBalance>
<IsEPS> false </IsEPS>
<Cells>
<Cell>
<Id> 1 </Id>
<ShowCurrencySymbol> false </ShowCurrencySymbol>
<IsNumeric> false </IsNumeric>
<NumericAmount> 0 </NumericAmount>
<RoundedNumericAmount> 0 </RoundedNumericAmount>
<NonNumbericText>
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="4"><b>9.    Preferred and Common Stock </b></font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Preferred Stock</i></b></font><font size="2"><b></b></font><font size="2">Xcel Energy has authorized 7,000,000 shares of preferred stock with a $100 par value. At Dec. 31, 2009 and 2008, Xcel Energy had six series of preferred stock outstanding, redeemable at its option at prices ranging from $102 to $103.75 per share plus accrued dividends. The holders of the $3.60 series preferred stock are entitled to three votes per each share held. The holders of the other series of preferred stock are entitled to one vote per share. In the event dividends payable on the preferred stock of any series outstanding is in arrears in an amount equal to four quarterly dividends, the holders of preferred stocks, voting as a class, are entitled to elect the smallest number of directors necessary to constitute a majority of the Board of Directors. The holders of common stock, voting as a class, are entitled to elect the remaining directors. </font></p> <p style="FONT-FAMILY: times"><font size="2">The charters of some of Xcel Energy's subsidiaries also authorize the issuance of preferred stock. However, at Dec. 31, 2009 and 2008, there are no preferred shares of subsidiaries outstanding. The following table lists preferred shares by subsidiary: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times"><font size="2"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Preferred<br /> Shares<br /> Authorized </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Par Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Preferred<br /> Shares<br /> Outstanding </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">SPS</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">10,000,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1.00</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">None</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">PSCo</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">10,000,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.01</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">None</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b><i>Common Stock and Equivalents</i></b></font><font size="2"><b></b></font><font size="2">In September 2008, Xcel Energy issued 17,250,000 shares of common stock to underwriters at a price of $20.10 per share. The shares were re-offered to the public at a price of $20.20 per share plus a commission of $0.05 per share from the purchasers. </font></p> <p style="FONT-FAMILY: times"><font size="2">Xcel Energy has common stock equivalents consisting of 401(k) equity awards and stock options. Restricted stock units and performance shares are included as common stock equivalents when all necessary conditions for issuance have been satisfied by the end of the period being reported. </font></p> <p style="FONT-FAMILY: times"><font size="2">In 2009, 2008 and 2007, Xcel Energy had approximately 7.6 million, 8.1 million and 8.5 million weighted-average options outstanding, respectively, that were antidilutive and, therefore, excluded from the earnings per share calculation. The dilutive impact of common stock equivalents affected earnings per share as follows for the years ending Dec. 31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 54%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"150%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="150%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left" width="9"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="2"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="8"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="8"><font size="1"><b>2008 </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="8"><font size="1"><b>2007 </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="2"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Income </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Shares </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Per<br /> Share<br /> Amount </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Income </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Shares </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Per<br /> Share<br /> Amount </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Income </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Shares </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Per<br /> Share<br /> Amount </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="2"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="FONT-FAMILY: times" align="center" colspan="26"><font size="1"><b>(Amounts in thousands, except per share data)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Net income</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">680,887</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">645,554</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">577,348</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Less: Dividend requirements on preferred stock</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(4,241</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(4,241</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(4,241</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2"><b>Basic earnings per share:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Earnings available to common shareholders</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">676,646</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">456,433</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1.48</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">641,313</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">437,054</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1.47</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">573,107</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">416,139</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1.38</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Effect of dilutive securities:</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0"> </font></td> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Convertible senior notes</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">4,498</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">4,144</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">10,411</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">16,425</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0"> </font></td> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">401(k) equity awards</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">705</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">596</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">482</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0"> </font></td> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Stock options</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">19</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">85</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2"><b>Diluted earnings per share:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Earnings available to common shareholders and assumed conversions</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">676,646</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">457,139</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1.48</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">645,811</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">441,813</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1.46</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">583,518</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">433,131</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1.35</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b><i>Common Stock Dividends Per Share</i></b></font><font size="2"><b></b></font><font size="2">Historically, Xcel Energy has paid quarterly dividends to its shareholders. Dividends on common stock are paid as declared by the Board of Directors. Dividends declared per share for the quarters of 2009, 2008 and 2007 were: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 62pt; BORDER-BOTTOM: #000000 1pt solid"><font size="1"><b>Dividends Per Share <!-- COMMAND=ADD_SCROPPEDRULE,62pt --></b></font></div></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2008 </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2007 </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">First quarter</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2375</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2300</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2225</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Second quarter</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2450</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2375</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2300</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Third quarter</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2450</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2375</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2300</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Fourth quarter</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2450</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2375</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2300</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"> </p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.9725</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.9425</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.9125</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b><i>Dividend and Other Capital-Related Restrictions</i></b></font><font size="2"><b></b></font><font size="2">The Articles of Incorporation of Xcel Energy place restrictions on the amount of common stock dividends it can pay when preferred stock is outstanding. Under the provisions, dividend payments may be restricted if Xcel Energy's capitalization ratio (on a holding company basis only, not on a consolidated basis) is less than 25 percent. For these purposes, the capitalization ratio is equal to (i) common stock plus surplus divided by (ii) the sum of common stock plus surplus plus long-term debt. Based on this definition, Xcel Energy's holding company capitalization ratio at Dec. 31, 2009 and 2008 was 85 percent and 84 percent, respectively. Therefore, the restrictions do not place any effective limit on Xcel Energy's ability to pay dividends. </font></p> <p style="FONT-FAMILY: times"><font size="2">In addition, NSP-Minnesota's first mortgage indenture places certain restrictions on the amount of cash dividends it can pay to Xcel Energy, the holder of its common stock. Even with these restrictions, NSP-Minnesota could have paid more than $1.1 billion and $1.0 billion in additional cash dividends on common stock at Dec. 31, 2009 and 2008, respectively. </font></p> <p style="FONT-FAMILY: times"><font size="2">The issuance of securities by Xcel Energy generally is not subject to regulatory approval. However, utility financings and certain intra-system financings are subject to the jurisdiction of the applicable state regulatory commissions and/or the FERC under the Federal Power Act. </font></p> <dl compact="compact"> <dt style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"><font size="2"></font></dt> <dd style="FONT-FAMILY: times"><font size="2">PSCo currently has authorization to issue up to $400 million of long-term debt and up to $800 million of short-term debt. </font><font size="2"><br /> <br /></font></dd> <dt style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"><font size="2"></font></dt> <dd style="FONT-FAMILY: times"><font size="2">SPS currently has authorization to issue up to $400 million in short-term debt. </font><font size="2"><br /> <br /></font></dd> <dt style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"><font size="2"></font></dt> <dd style="FONT-FAMILY: times"><font size="2">NSP-Wisconsin currently has authorization to issue up to $50 million of long-term debt and $100 million of short-term debt. </font><font size="2"><br /> <br /></font></dd> <dt style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"><font size="2"></font></dt> <dd style="FONT-FAMILY: times"><font size="2">NSP-Minnesota has authorization to issue long-term securities provided the equity-to-total capitalization ratio remains between 45.99 percent and 56.21 percent and to issue short-term debt provided it does not exceed 15 percent of total capitalization. Total capitalization for NSP-Minnesota cannot exceed $7.5 billion. </font></dd></dl> <p style="FONT-FAMILY: times"><font size="2">Xcel Energy believes these authorizations are adequate and will seek additional authorization when necessary; however, there can be no assurance that additional authorization will be granted on the timeframe or in the amounts requested. </font></p> <p style="FONT-FAMILY: times"><font size="2">The FERC has granted a blanket authorization for certain intra-system financings involving holding companies. The utility subsidiaries participate in the money pool, in amounts ranging from $250 million for each of NSP-Minnesota and PSCo, to $100 million for SPS and $100 million for NSP-Wisconsin to borrow only from NSP-Minnesota. NSP-Wisconsin is not authorized and does not participate in the money pool.</font></p></td></tr></table>
</NonNumbericText>
<NonNumericTextHeader> 9.    Preferred and Common Stock Preferred Stock — Xcel Energy has authorized 7,000,000 shares of preferred stock with a </NonNumericTextHeader>
<FootnoteIndexer/>
<hasSegments> false </hasSegments>
<hasScenarios> false </hasScenarios>
</Cell>
</Cells>
<ElementDefenition> No definition available. </ElementDefenition>
<ElementReferences> No authoritative reference available. </ElementReferences>
<IsTotalLabel> false </IsTotalLabel>
</Row>
</Rows>
<Footnotes/>
<ComparabilityReport> false </ComparabilityReport>
<NumberOfCols> 1 </NumberOfCols>
<NumberOfRows> 2 </NumberOfRows>
<HasScenarios> false </HasScenarios>
<MonetaryRoundingLevel> UnKnown </MonetaryRoundingLevel>
<SharesRoundingLevel> UnKnown </SharesRoundingLevel>
<PerShareRoundingLevel> UnKnown </PerShareRoundingLevel>
<HasPureData> false </HasPureData>
<SharesShouldBeRounded> true </SharesShouldBeRounded>
</InstanceReport>


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/20/10  SEC                               UPLOAD9/12/17    1:45K  Xcel Energy Inc.
 8/05/10  SEC                               UPLOAD9/12/17    1:71K  Xcel Energy Inc.
Top
Filing Submission 0001047469-10-001536   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Fri., Apr. 19, 6:32:50.1am ET