MGE Energy Inc (MGEE) Financial Statements (2024 and earlier)

Company Profile

Business Address 133 SOUTH BLAIR STREET
MADISON, WI 53701-1231
State of Incorp. WI
Fiscal Year End December 31
Industry (SIC) 49 - Electric, Gas, And Sanitary Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,14011,60417,43844,73823,48183,102
Cash and cash equivalents11,14011,60417,43844,73823,48183,102
Restricted cash and investments858867847644619634
Receivables95,533109,91197,11176,19574,32178,098
Inventory, net of allowances, customer advances and progress billings39,26340,81022,09714,75218,99517,902
Inventory39,26340,81022,09714,75218,99517,902
Prepaid expense22,31019,13220,21415,17916,89216,215
Regulatory asset20,9799,5411,46514,74811,4329,477
Asset, held-for-sale, not part of disposal group      3,080
Other current assets15,58719,01711,18311,39410,2338,593
Other undisclosed current assets32,52732,59829,01631,86925,66823,459
Total current assets:238,197243,480199,371209,519181,641240,560
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 15,43914,75615,545 15,895✕
Operating lease, right-of-use asset 7,5577,7867,961 671✕
Property, plant and equipment2,128,2121,971,1001,878,7741,769,3851,642,6831,509,437
Long-term investments and receivables 86,49881,18177,05675,89773,45969,048
Long-term investments 86,49880,62575,90174,46271,64866,339
Accounts and financing receivable, after allowance for credit loss  5561,1551,4351,8112,709
Regulated entity, other noncurrent assets81,589103,900107,547142,504134,314145,424
Other noncurrent assets20,74123,80927,54822,25919,09312,488
Other undisclosed noncurrent assets97,22571,58858,10434,08713,90811,661
Total noncurrent assets:2,437,2612,274,1202,172,5352,044,1321,900,0231,748,058
TOTAL ASSETS:2,675,4582,517,6002,371,9062,253,6512,081,6641,988,618
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities81,33972,39877,10067,27767,91359,202
Employee-related liabilities✕✕✕12,95112,63512,75213,044
Accounts payable65,45159,33464,14954,64255,16146,158
Accrued liabilities15,88813,064    
Debt44,318125,85311,43957,27120,75017,553
Derivative instruments and hedges, liabilities   2,14010,16010,1008,550
Regulatory liability15,29611,9259,36541,6649,22813,826
Other liabilities8,0038,0578,4686,01514,67614,113
Other undisclosed current liabilities8,2006,8299,3358,5396,1537,384
Total current liabilities:157,156225,062117,847190,926128,820120,628
Noncurrent Liabilities
Long-term debt and lease obligation18,03917,10817,32217,53217,379 
Long-term debt, excluding current maturities      
Finance lease, liability 18,03917,10817,32217,53217,379✕
Liabilities, other than long-term debt641,368608,510595,058549,890556,048558,003
Accumulated deferred investment tax credit46,89248,73544,83621,821763818
Asset retirement obligations54,430     
Deferred tax liabilities, net✕✕✕✕✕✕231,952
Deferred income tax liabilities279,029252,190231,149231,471243,302✕
Liability, pension and other postretirement and postemployment benefits55,05853,60773,08578,16868,66567,483
Regulatory liability162,316156,988154,298142,239164,965165,638
Other liabilities43,64396,99091,69072,21163,01368,132
Derivative instruments and hedges, liabilities    3,98015,34023,980
Other undisclosed noncurrent liabilities      
Total noncurrent liabilities:659,407625,618612,380567,422573,427558,003
Total liabilities:816,563850,680730,227758,348702,247678,631
Equity
Equity, attributable to parent1,140,0731,081,6741,027,468976,000855,676816,644
Common stock 36,16336,16336,16336,16334,66834,668
Additional paid in capital 396,750395,657394,903394,408316,268316,268
Retained earnings 707,160649,854596,402545,429504,740465,708
Other undisclosed equity, attributable to parent      
Total equity:1,140,0731,081,6741,027,468976,000855,676816,644
Other undisclosed liabilities and equity718,822585,246614,211519,303523,741493,343
TOTAL LIABILITIES AND EQUITY:2,675,4582,517,6002,371,9062,253,6512,081,6641,988,618

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues690,431714,519606,584538,633568,855559,768
Cost of revenue
(Cost of Goods and Services Sold)		 (16,500)(14,700)(13,500)(14,100)(13,900)(14,400)
Other undisclosed gross profit      
Gross profit:673,931699,819593,084524,533554,955545,368
Operating expenses(8,087)(6,606)(7,585)(5,775)(8,119)(5,481)
Other undisclosed operating loss(519,459)(555,470)(468,205)(408,761)(435,926)(425,680)
Operating income:146,385137,743117,294109,997110,910114,207
Nonoperating income29,54626,08016,69425,36518,81117,055
Public utilities, allowance for funds used during construction, capitalized cost of equity 5,8003,0005,0005,9002,3002,500
Interest and debt expense (556)(752)(771)(784)(792) 
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:175,375163,071133,217134,578128,929131,262
Income from equity method investments10,6319,1369,27010,2219,889 
Income from continuing operations before income taxes:186,006172,207142,487144,799138,818131,262
Income tax expense(27,803)(26,224)(4,115)(19,423)(19,784)(27,434)
Income from continuing operations:158,203145,983138,372125,376119,034103,828
Income before gain (loss) on sale of properties:✕✕✕138,372125,376119,034103,828
Other undisclosed net loss(40,504)(35,031)(32,611)(32,958)(32,160) 
Net income:117,699110,952105,76192,41886,874103,828
Other undisclosed net loss attributable to parent      (19,609)
Net income available to common stockholders, basic:117,699110,952105,76192,41886,87484,219
Dilutive securities, effect on basic earnings per share   3,668   
Net income available to common stockholders, diluted:117,699110,952109,42992,41886,87484,219

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:117,699110,952105,76192,41886,874103,828
Comprehensive income:117,699110,952105,76192,41886,874103,828
Other undisclosed comprehensive loss, net of tax, attributable to parent      (19,609)
Comprehensive income, net of tax, attributable to parent:117,699110,952105,76192,41886,87484,219

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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