MGE Energy Inc. (MGEE) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments452383108968166
Cash and cash equivalents452383108968166
Restricted cash and investments111    
Receivables76747883787080
Inventory, net of allowances, customer advances and progress billings15191821232929
Inventory15191821232929
Prepaid expense15171627273539
Regulatory current assets1511986108
Assets held-for-sale, not part of disposal group  3915 
Deferred tax assets    3
Other current assets1110913121111
Other undisclosed current assets32262323191917
Total current assets:210182241291276255254
Noncurrent Assets
Finance lease, right-of-use asset 16
Operating lease, right-of-use asset 1
Property, plant and equipment1,7691,6431,5091,3411,2821,2431,208
Long-term investments and receivables76736965797671
Long-term investments74726660747169
Accounts and financing receivable, after allowance for credit loss1235652
Regulated entity, other noncurrent assets143134145143158148157
Other noncurrent assets2219121165
Defined benefit plan, assets for plan benefits2  
Other undisclosed noncurrent assets34141215333
Total noncurrent assets:2,0441,9001,7481,5651,5261,4761,444
TOTAL ASSETS:2,2542,0821,9891,8551,8011,7311,698
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities67685960605253
Accounts payable55554648484142
Employee-related liabilities13131312121111
Debt572118284411
Derivative instruments and hedges, liabilities101098887
Regulatory liability429146710 
Other liabilities615141919514
Other undisclosed current liabilities9676555
Total current liabilities:1911291211271048490
Noncurrent Liabilities
Long-term debt and lease obligation1817    395
Long-term debt, excluding current maturities      395
Finance lease, liability1817
Liabilities, other than long-term debt550556558552591565553
Deferred revenue and credits1111
Accumulated deferred investment tax credit2211
Deferred tax liabilities, net232225384361342
Deferred income tax liabilities231243
Liability, pension and other postretirement and postemployment benefits78696769747690
Regulatory liability142165166154222123
Other liabilities72636869666250
Derivative instruments and hedges, liabilities4152434434547
Other undisclosed noncurrent liabilities      (395)
Total noncurrent liabilities:567573558552591565553
Total liabilities:758702679679694649643
Stockholders' equity
Stockholders' equity attributable to parent976856817778724690659
Common stock36353535353535
Additional paid in capital394316316316316316316
Accumulated other comprehensive income   0000
Retained earnings545505466427373339308
Total stockholders' equity:976856817778724690659
Other undisclosed liabilities and equity519524493398383391395
TOTAL LIABILITIES AND EQUITY:2,2542,0821,9891,8551,8011,7311,698

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues539569560563545564620
Revenue, net563545556617
Cost of revenue
(Cost of Goods and Services Sold)
(14)(14)(14)(14)(15)(15)(15)
Gross profit:525555545549530549605
Operating expenses(6)(8)(5)   (6)
Other undisclosed operating loss(409)(436)(426)(420)(402)(425)(461)
Operating income:110111114129128124138
Nonoperating income2519171010910
Public utilities, allowance for funds used during construction, capitalized cost of equity623    
Interest and debt expense(1)(1)     
Income from continuing operations before equity method investments, income taxes:135129131139138133148
Income from equity method investments1010    9
Income from continuing operations before income taxes:145139131139138133157
Income tax expense(19)(20)(27)(22)(43)(41)(48)
Income before gain (loss) on sale of properties:1251191041179592109
Other undisclosed net loss(33)(32)     
Net income:92871041179592109
Other undisclosed net loss attributable to parent  (20)(19)(20)(20)(29)
Net income available to common stockholders, diluted:92878498767180

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:92871041179592109
Other comprehensive income (loss)   0(0)(0)0
Comprehensive income:92871041179591109
Other undisclosed comprehensive loss, net of tax, attributable to parent  (20)(19)(20)(20)(29)
Comprehensive income, net of tax, attributable to parent:92878498757180

Statements sources

The financial statements are based on the company's filings with the 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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