← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $75.6m $97.6m $84.2m $86.9m $92.4m $105.8m $111.0m $117.7m $120.6m $135.9m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — $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
Deferred Income Tax Expense (Benefit) $22.4m ($4.1m) $3.7m $7.2m $10.4m $4.8m $23.4m $23.0m $608k $7.6m
Deferred income taxes $22.4m ($4.1m) $3.7m $7.2m $10.4m $4.8m $23.4m $23.0m $18.5m $11.0m
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
Gain (Loss) on Disposition of Property Plant Equipment $0 $1.5m $0 ($406k) — — — — — —
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
Income Tax Expense (Benefit) $42.5m $22.1m $27.4m $19.8m $19.4m $4.1m $26.2m $27.8m $10.6m $20.8m
Loss (gain) on sale of property $0 ($1.5m) $0 $406k — — — — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories ($7.3m) $2.6m ($2.7m) $3.4m $842k $6.3m $22.2m $850k ($5.5m) ($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
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
Nonoperating Income (Expense) $9.7m $10.3m $17.1m $18.8m $25.4m $16.7m $26.1m $29.5m $17.8m $19.8m
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
Provision for doubtful receivables $1.2m $1.0m $1.4m $1.6m $1.4m $1.6m $1.8m $1.8m $8.8m $8.8m
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)
Equity earnings in investments ($8.4m) ($10.1m) ($8.8m) ($9.9m) ($10.2m) ($9.3m) ($9.1m) ($10.6m) ($12.3m) ($13.0m)
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)
Inventories $7.3m ($2.6m) $2.7m ($3.4m) ($842k) ($6.3m) ($22.2m) ($850k) $5.5m $5.1m
Unbilled revenues (change) ($4.8m) ($1.6m) $3.2m $2.3m ($1.6m) — — — — —
Other current assets $700k ($1.3m) $251k $29k ($1.1m) ($192k) ($3.7m) $5.0m $10.0m ($3.1m)
Accounts payable $9.9m ($5.3m) ($4.9m) ($7.4m) $14.4m $2.7m $5.1m ($5.2m) $6.5m $8.5m
Accrued interest and taxes $419k $118k $4.8m ($1.6m) $1.7m $244k ($2.7m) $1.4m $2.5m —
Other current liabilities ($1.7m) $3.9m $12.0m ($10.3m) ($5.6m) ($6.7m) ($5.6m) ($2.3m) ($1.7m) $2.2m
Regulatory assets and liabilities, net — — — — — — — ($968k) $6.6m $9.6m
Other, net — — — — — — — $4.3m $8.3m $1.0m
Capital contributions to investments ($3.0m) ($11.1m) ($5.9m) ($7.8m) ($5.6m) ($4.0m) ($5.2m) ($7.0m) ($4.8m) ($9.5m)
Other ($209k) ($597k) ($662k) ($1.8m) ($1.6m) ($2.2m) ($2.1m) ($2.6m) ($1.7m) ($1.8m)
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
Net Cash Provided by (Used in) Operating Activities $147.5m $133.0m $153.0m $130.5m $172.4m $137.5m $153.7m $237.6m $277.8m $263.2m
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
Gain (Loss) on Sale of Investments $121k $522k $476k $580k $379k $1.5m $1.4m ($899k) $239k $3.3m
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)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — $70.0m $100.0m $50.0m $19.3m $100.0m $25.0m $139.3m $50.0m $50.0m
Issuance of long-term debt $0 $70.0m $100.0m $50.0m $19.3m $100.0m $25.0m $139.3m $50.0m $50.0m
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
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
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 Issuance of Common Stock — — — — $79.6m $0 $0 — $31.6m $3.8m
Issuance of common stock, net — — $0 $0 $79.6m $0 $0 $0 $31.6m $3.8m
Payments of Ordinary Dividends, Common Stock $42 $44 $46 $48 $52 $55 $58 $60 $64 $68
Distributions to parent from noncontrolling interest — ($18.0m) ($22.0m) ($23.5m) ($21.5m) ($15.0m) ($22.0m) ($20.5m) ($22.0m) ($16.2m)
Dividends from investments $8 $9 $7 $7 $9 $8 $7 $9 $9 $11
Cash dividends paid on common stock ($42) ($44) ($46) ($48) ($52) ($55) ($58) ($60) ($64) ($68)
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)
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 ($17.2m) $59.2m ($8.8m) $25.5m ($10.5m) ($26.8m) $71.6m
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)
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)
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
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)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.