MGE Energy Inc. (MGEE) Financial Statements (2023 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 millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 11 | 23 | 26 | 17 | 70 | 34 | 40 | ||
| Cash and cash equivalents | 11 | 23 | 26 | 17 | 70 | 34 | 40 | ||
| Restricted cash and investments | 1 | 1 | 1 | 1 | 1 | 1 | 0 | ||
| Receivables | 81 | 79 | 96 | 97 | 79 | 72 | 78 | ||
| Inventory, net of allowances, customer advances and progress billings | 43 | 30 | 12 | 22 | 19 | 14 | 6 | ||
| Inventory | 43 | 30 | 12 | 22 | 19 | 14 | 6 | ||
| Prepaid expense | 13 | 18 | 15 | 20 | 13 | 15 | 11 | ||
| Regulatory current assets | 4 | 3 | 2 | 1 | 8 | 14 | 24 | ||
| Other current assets | 16 | 12 | 11 | 11 | 13 | 10 | 9 | ||
| Other undisclosed current assets | 32 | 30 | 30 | 29 | 31 | 31 | 32 | ||
| Total current assets: | 200 | 195 | 194 | 199 | 234 | 191 | 202 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 16 | ||||||||
| Operating lease, right-of-use asset | 8 | ||||||||
| Property, plant and equipment | 1,955 | 1,934 | 1,883 | 1,879 | 1,847 | 1,827 | 1,792 | ||
| Long-term investments and receivables | 1 | 1 | 1 | 77 | 1 | 1 | 1 | ||
| Long-term investments | 76 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Regulated entity, other noncurrent assets | 111 | 111 | 108 | 108 | 136 | 136 | 140 | ||
| Other noncurrent assets | 25 | 25 | 27 | 28 | 28 | 27 | 23 | ||
| Other undisclosed noncurrent assets | 175 | 171 | 164 | 58 | 125 | 119 | 113 | ||
| Total noncurrent assets: | 2,266 | 2,243 | 2,183 | 2,173 | 2,137 | 2,111 | 2,069 | ||
| TOTAL ASSETS: | 2,466 | 2,437 | 2,378 | 2,372 | 2,371 | 2,302 | 2,270 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 81 | 108 | 54 | 77 | 70 | 58 | 64 | ||
| Accounts payable | 60 | 89 | 45 | 64 | 57 | 47 | 54 | ||
| Accrued liabilities | 10 | 10 | |||||||
| Employee-related liabilities | 10 | 10 | 9 | 13 | 12 | 11 | 10 | ||
| Debt | 94 | 24 | 5 | 11 | 5 | 36 | 59 | ||
| Derivative instruments and hedges, liabilities | 0 | 2 | 0 | 7 | 10 | ||||
| Regulatory liability | 15 | 21 | 25 | 9 | 31 | 27 | 37 | ||
| Other liabilities | 7 | 7 | 5 | 8 | 10 | 9 | 7 | ||
| Other undisclosed current liabilities | (3) | (0) | 9 | 9 | 8 | 9 | 8 | ||
| Total current liabilities: | 195 | 161 | 98 | 118 | 124 | 146 | 184 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 17 | 17 | 17 | 17 | 18 | 18 | 18 | ||
| Finance lease, liability | 17 | 17 | 17 | 17 | 18 | 18 | 18 | ||
| Liabilities, other than long-term debt | 617 | 611 | 601 | 595 | 586 | 575 | 553 | ||
| Accumulated deferred investment tax credit | 49 | 48 | 49 | 45 | 31 | 30 | 22 | ||
| Deferred income tax liabilities | 246 | 240 | 233 | 231 | 242 | 236 | 237 | ||
| Liability, pension and other postretirement and postemployment benefits | 72 | 72 | 73 | 73 | 77 | 78 | 78 | ||
| Regulatory liability | 155 | 155 | 155 | 154 | 149 | 146 | 143 | ||
| Other liabilities | 95 | 95 | 91 | 92 | 87 | 85 | 71 | ||
| Derivative instruments and hedges, liabilities | 2 | ||||||||
| Total noncurrent liabilities: | 634 | 628 | 618 | 612 | 604 | 593 | 571 | ||
| Total liabilities: | 829 | 788 | 716 | 730 | 727 | 738 | 754 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,075 | 1,056 | 1,048 | 1,027 | 1,028 | 1,007 | 998 | ||
| Common stock | 36 | ||||||||
| Additional paid in capital | 395 | ||||||||
| Retained earnings | 596 | ||||||||
| Other undisclosed stockholders' equity attributable to parent | 1,075 | 1,056 | 1,048 | 1,028 | 1,007 | 998 | |||
| Total stockholders' equity: | 1,075 | 1,056 | 1,048 | 1,027 | 1,028 | 1,007 | 998 | ||
| Other undisclosed liabilities and equity | 562 | 593 | 613 | 614 | 615 | 556 | 518 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,466 | 2,437 | 2,378 | 2,372 | 2,371 | 2,302 | 2,270 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 163 | 152 | 209 | 162 | 146 | 131 | 168 | |
| Other undisclosed gross profit | (14) | |||||||
| Gross profit: | 163 | 152 | 209 | 149 | 146 | 131 | 168 | |
| Operating expenses | 1 | (0) | (1) | (5) | (0) | (1) | (1) | |
| Other undisclosed operating loss | (122) | (127) | (166) | (126) | (108) | (107) | (128) | |
| Operating income: | 42 | 25 | 42 | 17 | 38 | 23 | 39 | |
| Nonoperating income | 6 | 8 | 7 | 2 | 6 | 6 | 2 | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 49 | 33 | 49 | 19 | 44 | 30 | 41 | |
| Income from equity method investments | 3 | 2 | 2 | |||||
| Income from continuing operations before income taxes: | 49 | 33 | 51 | 21 | 44 | 30 | 44 | |
| Income tax expense | (8) | (5) | (8) | (0) | (3) | (1) | (0) | |
| Income before gain (loss) on sale of properties: | 40 | 28 | 43 | 21 | 41 | 29 | 43 | |
| Other undisclosed net loss | (7) | (6) | (9) | (8) | (6) | (6) | (8) | |
| Net income available to common stockholders, basic: | 34 | 22 | 34 | 13 | 35 | 23 | 35 | |
| Other undisclosed net income available to common stockholders, diluted | 4 | |||||||
| Net income available to common stockholders, diluted: | 34 | 22 | 34 | 17 | 35 | 23 | 35 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 34 | 22 | 34 | 13 | 35 | 23 | 35 | |
| Comprehensive income, net of tax, attributable to parent: | 34 | 22 | 34 | 13 | 35 | 23 | 35 | |
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.