← MGE ENERGY INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $75.6m | $97.6m | $84.2m | $86.9m | $92.4m | $105.8m | $111.0m | $117.7m | $120.6m | $135.9m | — | |
| Capitalized Computer Software, Amortization | $3.0m | $3.3m | $4.7m | $5.1m | $5.1m | $5.7m | $10.8m | $10.4m | $10.5m | $10.1m | — | |
| Depreciation and amortization | $44.6m | $53.1m | $56.4m | $71.6m | $74.2m | $77.0m | $85.5m | $100.4m | $108.6m | $114.3m | $115.3m | |
| Deferred Income Tax Expense (Benefit) | $22.4m | ($4.1m) | $3.7m | $7.2m | $10.4m | $4.8m | $23.4m | $23.0m | $608k | $7.6m | $10.6m | |
| Deferred income taxes | $22.4m | ($4.1m) | $3.7m | $7.2m | $10.4m | $4.8m | $23.4m | $23.0m | $18.5m | $11.0m | $10.6m | |
| Share-based Payment Arrangement, Expense | $3.1m | $1.0m | $1.1m | $3.0m | $1.3m | $2.9m | $1.3m | $2.7m | $4.5m | $3.3m | — | |
| Income (Loss) from Equity Method Investments | $8.4m | $10.1m | $8.8m | $9.9m | $10.2m | $9.3m | $9.1m | $10.6m | $12.3m | $13.0m | — | |
| Nonoperating Income (Expense) | $9.7m | $10.3m | $17.1m | $18.8m | $25.4m | $16.7m | $26.1m | $29.5m | $17.8m | $19.8m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Provision for doubtful receivables | $1.2m | $1.0m | $1.4m | $1.6m | $1.4m | $1.6m | $1.8m | $1.8m | $8.8m | $8.8m | — | |
| Accounts receivable and unbilled revenues | ($5.7m) | ($4.5m) | ($2.2m) | ($1.3m) | ($3.8m) | ($24.7m) | ($16.7m) | $11.2m | ($6.6m) | ($21.8m) | ($21.8m) | |
| Increase (Decrease) in Inventories | ($7.3m) | $2.6m | ($2.7m) | $3.4m | $842k | $6.3m | $22.2m | $850k | ($5.5m) | ($5.1m) | $5.1m | |
| Inventories | $7.3m | ($2.6m) | $2.7m | ($3.4m) | ($842k) | ($6.3m) | ($22.2m) | ($850k) | $5.5m | $5.1m | $5.1m | |
| Increase (Decrease) in Accounts Payable | $9.9m | ($5.3m) | ($4.9m) | ($7.4m) | $14.4m | $2.7m | $5.1m | ($5.2m) | $6.5m | $8.5m | $919k | |
| Accrued interest and taxes | $419k | $118k | $4.8m | ($1.6m) | $1.7m | $244k | ($2.7m) | $1.4m | $2.5m | — | — | |
| Other current assets | $700k | ($1.3m) | $251k | $29k | ($1.1m) | ($192k) | ($3.7m) | $5.0m | $10.0m | ($3.1m) | $7.2m | |
| Other current liabilities | ($1.7m) | $3.9m | $12.0m | ($10.3m) | ($5.6m) | ($6.7m) | ($5.6m) | ($2.3m) | ($1.7m) | $2.2m | $4.8m | |
| Net Cash Provided by (Used in) Operating Activities | $147.5m |
$133.0m
-9.84%
|
$153.0m
+15.08%
|
$130.5m
-14.74%
|
$172.4m
+32.17%
|
$137.5m
-20.25%
|
$153.7m
+11.79%
|
$237.6m
+54.53%
|
$277.8m
+16.93%
|
$263.2m
-5.24%
|
$278.1m
+5.65%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $83.7m | $108.1m | $212.2m | $164.0m | $203.1m | $153.2m | $175.0m | $222.1m | $236.9m | $343.2m | ($442.4m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $1.5m | $0 | ($406k) | — | — | — | — | — | — | ($18.5m) | |
| Loss (gain) on sale of property | $0 | ($1.5m) | $0 | $406k | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Investments | $121k | $522k | $476k | $580k | $379k | $1.5m | $1.4m | ($899k) | $239k | $3.3m | — | |
| Equity earnings in investments | ($8.4m) | ($10.1m) | ($8.8m) | ($9.9m) | ($10.2m) | ($9.3m) | ($9.1m) | ($10.6m) | ($12.3m) | ($13.0m) | — | |
| Dividends from investments | $8 | $9 | $7 | $7 | $9 | $8 | $7 | $9 | $9 | $11 | — | |
| Capital contributions to investments | ($3.0m) | ($11.1m) | ($5.9m) | ($7.8m) | ($5.6m) | ($4.0m) | ($5.2m) | ($7.0m) | ($4.8m) | ($9.5m) | — | |
| Payments for (Proceeds from) Other Investing Activities | $209k | ($32k) | $205k | $508k | $1.7m | ($221k) | ($70k) | $954k | ($230k) | ($2.2m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($86.8m) | ($116.4m) | ($218.3m) | ($172.4m) | ($210.4m) | ($157.0m) | ($180.1m) | ($230.0m) | ($241.5m) | ($350.6m) | ($448.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $4.3m | $34.4m | $24.5m | $4.6m | $39.0m | $4.8m | $4.9m | $54.3m | $5.1m | $5.3m | ($6.6m) | |
| Proceeds from Issuance of Long-term Debt | $0 | $70.0m | $100.0m | $50.0m | $19.3m | $100.0m | $25.0m | $139.3m | $50.0m | $50.0m | $140.0m | |
| Repayment of long-term debt | ($4.3m) | ($34.4m) | ($24.5m) | ($4.6m) | ($39.0m) | ($4.8m) | ($4.9m) | ($54.3m) | ($5.1m) | ($5.3m) | — | |
| Proceeds from (repayments of) short-term debt | $0 | $4.0m | $9.0m | ($13.0m) | $52.5m | ($47.0m) | $65.0m | ($32.5m) | ($38.0m) | $92.5m | — | |
| Payments of Ordinary Dividends, Common Stock | $42 | $44 | $46 | $48 | $52 | $55 | $58 | $60 | $64 | $68 | ($70.0m) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $79.6m | $0 | $0 | — | $31.6m | $3.8m | $88.9m | |
| Issuance of common stock, net | — | — | $0 | $0 | $79.6m | $0 | $0 | $0 | $31.6m | $3.8m | $88.9m | |
| Cash dividends paid on common stock | ($42) | ($44) | ($46) | ($48) | ($52) | ($55) | ($58) | ($60) | ($64) | ($68) | ($70.0m) | |
| Cash dividends paid to parent by MGE | ($50.0m) | ($45.0m) | $0 | $0 | ($27.7m) | ($25.5m) | ($60.1m) | ($67.1m) | ($66.0m) | ($75.2m) | ($70.0m) | |
| Proceeds from (Payments for) Other Financing Activities | ($70k) | ($597k) | ($662k) | ($1.8m) | ($1.6m) | ($2.2m) | ($2.1m) | ($2.6m) | ($1.7m) | ($1.8m) | — | |
| Net Cash Provided by (Used in) Financing Activities | — | ($4.6m) |
$38.1m
+922.15%
|
($17.2m)
-145.20%
|
$59.2m
+443.49%
|
($8.8m)
-114.79%
|
$25.5m
+391.72%
|
($10.5m)
-141.04%
|
($26.8m)
-155.91%
|
$71.6m
+366.77%
|
$177.1m
+147.43%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($27.2m) | ($59.1m) | $21.2m | ($28.2m) | ($867k) | ($2.9m) | $9.5m | ($15.8m) | $19.7m | |
| Cash, cash equivalents, and restricted cash at beginning of period | $101.6m | $112.1m | $84.9m | $25.8m | $47.0m | $18.8m | $18.0m | $15.0m | $24.5m | $8.7m | — | |
| Change in cash, cash equivalents, and restricted cash: | $14.9m | $10.5m | ($27.2m) | ($59.1m) | $21.2m | ($28.2m) | ($867k) | ($2.9m) | $9.5m | ($15.8m) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $19.2m | $20.0m | $23.2m | $23.9m | $23.5m | $26.0m | $29.5m | $34.3m | $35.8m | — | |
| Income Taxes Paid, Net | $21.8m | $27.1m | $12.6m | $14.6m | $8.1m | $4.0m | $8.0m | $9.8m | ($13.1m) | ($924k) | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | $1.3m | $1.4m | $1.4m | $1.6m | $1.4m | $1.5m | $1.9m | $2.0m | $2.7m | $3.4m | — | |
| Income Tax Expense (Benefit) | $42.5m | $22.1m | $27.4m | $19.8m | $19.4m | $4.1m | $26.2m | $27.8m | $10.6m | $20.8m | — | |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | — | — | $2.5m | $2.3m | $5.9m | $5.0m | $3.0m | $5.8m | $5.7m | $6.2m | — | |
| Employee benefit plan (credit) cost | $295k | $831k | ($2.0m) | ($3.8m) | ($3.7m) | ($2.2m) | ($8.1m) | ($5.8m) | $606k | ($5.0m) | — | |
| Cash contributions to pension and other postretirement plans | ($14.5m) | ($11.3m) | ($5.6m) | ($5.7m) | ($6.3m) | ($6.9m) | ($7.3m) | ($7.7m) | ($7.7m) | ($8.0m) | — | |
| Unbilled revenues (change) | ($4.8m) | ($1.6m) | $3.2m | $2.3m | ($1.6m) | — | — | — | — | — | — | |
| Regulatory assets and liabilities, net | — | — | — | — | — | — | — | ($968k) | $6.6m | $9.6m | — | |
| Other, net | — | — | — | — | — | — | — | $4.3m | $8.3m | $1.0m | — | |
| Distributions to parent from noncontrolling interest | — | ($18.0m) | ($22.0m) | ($23.5m) | ($21.5m) | ($15.0m) | ($22.0m) | ($20.5m) | ($22.0m) | ($16.2m) | — | |
| Capital contributions from parent | — | $0 | $0 | $30.5m | $30.0m | $0 | $0 | $0 | $30.8m | $8.5m | — | |
| Cash (Used for) Provided by Financing Activities | ($46.1m) | ($4.6m) | $38.1m | ($17.2m) | $59.2m | ($8.8m) | $25.5m | ($10.5m) | ($26.8m) | $71.6m | — |