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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments174523831089681
Cash and cash equivalents174523831089681
Restricted cash and investments1111   
Receivables97767478837870
Inventory, net of allowances, customer advances and progress billings22151918212329
Inventory22151918212329
Prepaid expense20151716272735
Regulatory current assets1151198610
Assets held-for-sale, not part of disposal group   3915 
Other current assets1111109131211
Other undisclosed current assets29322623231919
Total current assets:199210182241291276255
Noncurrent Assets
Finance lease, right-of-use asset16 16
Operating lease, right-of-use asset8 1
Property, plant and equipment1,8791,7691,6431,5091,3411,2821,243
Long-term investments and receivables77767369657976
Long-term investments76747266607471
Accounts and financing receivable, after allowance for credit loss1123565
Regulated entity, other noncurrent assets108143134145143158148
Other noncurrent assets28221912116
Defined benefit plan, assets for plan benefits2 
Other undisclosed noncurrent assets583414121533
Total noncurrent assets:2,1732,0441,9001,7481,5651,5261,476
TOTAL ASSETS:2,3722,2542,0821,9891,8551,8011,731
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities77676859606052
Accounts payable64555546484841
Employee-related liabilities13131313121211
Debt115721182844
Derivative instruments and hedges, liabilities210109888
Regulatory liability9429146710
Other liabilities86151419195
Other undisclosed current liabilities9967655
Total current liabilities:11819112912112710484
Noncurrent Liabilities
Long-term debt and lease obligation171817    
Finance lease, liability171817
Liabilities, other than long-term debt595550556558552591565
Deferred revenue and credits111
Accumulated deferred investment tax credit452211
Deferred tax liabilities, net232225384361
Deferred income tax liabilities231231243
Liability, pension and other postretirement and postemployment benefits73786967697476
Regulatory liability1541421651661542221
Other liabilities92726368696662
Derivative instruments and hedges, liabilities 41524344345
Total noncurrent liabilities:612567573558552591565
Total liabilities:730758702679679694649
Stockholders' equity
Stockholders' equity attributable to parent1,027976856817778724690
Common stock36363535353535
Additional paid in capital395394316316316316316
Accumulated other comprehensive income    000
Retained earnings596545505466427373339
Total stockholders' equity:1,027976856817778724690
Other undisclosed liabilities and equity614519524493398383391
TOTAL LIABILITIES AND EQUITY:2,3722,2542,0821,9891,8551,8011,731

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues607539569560563545564
Revenue, net563545556
Cost of revenue
(Cost of Goods and Services Sold)
(14)(14)(14)(14)(14)(15)(15)
Gross profit:593525555545549530549
Operating expenses(8)(6)(8)(5)   
Other undisclosed operating loss(468)(409)(436)(426)(420)(402)(425)
Operating income:117110111114129128124
Nonoperating income1725191710109
Public utilities, allowance for funds used during construction, capitalized cost of equity5623   
Interest and debt expense(1)(1)(1)    
Income from continuing operations before equity method investments, income taxes:133135129131139138133
Income from equity method investments91010    
Income from continuing operations before income taxes:142145139131139138133
Income tax expense(4)(19)(20)(27)(22)(43)(41)
Income before gain (loss) on sale of properties:1381251191041179592
Other undisclosed net loss(33)(33)(32)    
Net income:10692871041179592
Other undisclosed net loss attributable to parent   (20)(19)(20)(20)
Net income available to common stockholders, basic:106928784987671
Dilutive securities, effect on basic earnings per share4      
Net income available to common stockholders, diluted:109928784987671

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:10692871041179592
Other comprehensive income (loss)    0(0)(0)
Comprehensive income:10692871041179591
Other undisclosed comprehensive loss, net of tax, attributable to parent   (20)(19)(20)(20)
Comprehensive income, net of tax, attributable to parent:106928784987571

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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