MGE Energy Inc. (MGEE) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments238310896816669
Cash and cash equivalents238310896816669
Restricted cash and investments11     
Receivables74788378708077
Inventory, net of allowances, customer advances and progress billings19182123292917
Inventory19182123292917
Prepaid expense171627273539 
Regulatory current assets119861086
Assets held-for-sale, not part of disposal group 3915 
Prepaid expense and other current assets27
Deferred tax assets    3 
Other current assets10913121111 
Other undisclosed current assets26232319191725
Total current assets:182241291276255254221
Noncurrent Assets
Finance lease, right-of-use asset16
Operating lease, right-of-use asset1
Property, plant and equipment1,6431,5091,3411,2821,2431,2081,160
Long-term investments and receivables73696579767168
Long-term investments72666074716966
Accounts and financing receivable, after allowance for credit loss2356522
Regulated entity, other noncurrent assets134145143158148157107
Other noncurrent assets19121165 
Prepaid expense and other noncurrent assets6
Defined benefit plan, assets for plan benefits2  15
Other undisclosed noncurrent assets1412153332
Total noncurrent assets:1,9001,7481,5651,5261,4761,4441,358
TOTAL ASSETS:2,0821,9891,8551,8011,7311,6981,579
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68596060525354
Accounts payable55464848414244
Employee-related liabilities13131212111111
Debt21182844114
Derivative instruments and hedges, liabilities10988878
Regulatory liability9146710 14
Deferred tax liabilities     2
Other liabilities151419195149
Other undisclosed current liabilities6765556
Total current liabilities:129121127104849097
Noncurrent Liabilities
Long-term debt and lease obligation17    395399
Long-term debt, excluding current maturities     395399
Finance lease, liability17
Liabilities, other than long-term debt556558552591565553465
Deferred revenue and credits11111
Pension and other postretirement defined benefit plans, liabilities49
Accumulated deferred investment tax credit11
Deferred tax liabilities, net232225384361342285
Deferred income tax liabilities243
Liability, pension and other postretirement and postemployment benefits696769747690
Regulatory liability16516615422212320
Other liabilities63686966625052
Derivative instruments and hedges, liabilities15243443454758
Other undisclosed noncurrent liabilities     (395)(399)
Total noncurrent liabilities:573558552591565553465
Total liabilities:702679679694649643562
Stockholders' equity
Stockholders' equity attributable to parent856817778724690659618
Common stock35353535353535
Additional paid in capital316316316316316316316
Accumulated other comprehensive income  00000
Retained earnings505466427373339308266
Total stockholders' equity:856817778724690659618
Other undisclosed liabilities and equity524493398383391395399
TOTAL LIABILITIES AND EQUITY:2,0821,9891,8551,8011,7311,6981,579

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues569560563545564620591
Revenue, net563545556617585
Cost of revenue
(Cost of Goods and Services Sold)
(14)(14)(14)(15)(15)(15)(14)
Gross profit:555545549530549605577
Operating expenses(8)(5)   (6)(19)
Other undisclosed operating loss(436)(426)(420)(402)(425)(461)(430)
Operating income:111114129128124138128
Nonoperating income1917101091011
Interest and debt expense(1)      
Income from continuing operations before equity method investments, income taxes:129131139138133148139
Income from equity method investments10    99
Income from continuing operations before income taxes:139131139138133157148
Income tax expense(20)(27)(22)(43)(41)(48)(45)
Income before gain (loss) on sale of properties:1191041179592109103
Other undisclosed net loss(32)      
Net income:871041179592109103
Other undisclosed net loss attributable to parent (20)(19)(20)(20)(29)(28)
Net income available to common stockholders, diluted:87849876718075

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:871041179592109103
Other comprehensive income (loss)  0(0)(0)00
Comprehensive income:871041179591109104
Other undisclosed comprehensive loss, net of tax, attributable to parent (20)(19)(20)(20)(29)(28)
Comprehensive income, net of tax, attributable to parent:87849875718075

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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