MGE ENERGY INC

For the period ended Dec 31, 2023. Filed Feb 21, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 21, 2024

MGEE$80.26+2.4%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	As of December 31,
ASSETS	2023	2022
Current Assets:
Cash and cash equivalents	$11,140	$11,604
Accounts receivable, less reserves of $6,537 and $7,050, respectively	46,734	55,407
Other accounts receivable, less reserves of $1,561 and $1,323, respectively	15,618	11,418
Unbilled revenues	33,181	43,086
Materials and supplies, at average cost	33,385	33,465
Fuel for electric generation, at average cost	13,423	7,962
Stored natural gas, at average cost	25,840	32,848
Prepaid taxes	22,310	19,132
Regulatory assets - current	20,979	9,541
Other current assets	15,587	19,017
Total Current Assets	238,197	243,480
Regulatory assets	81,589	103,900
Pension and other postretirement benefit asset	93,896	68,872
Other deferred assets and other	20,741	24,365
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,018,121	1,865,352
Construction work in progress	110,091	105,748
Total Property, Plant, and Equipment	2,128,212	1,971,100
Investments	112,823	105,883
Total Assets	$2,675,458	$2,517,600
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$5,146	$54,314
Short-term debt	38,000	70,500
Accounts payable	65,451	59,334
Accrued interest and taxes	9,372	7,868
Accrued payroll related items	15,888	13,064
Regulatory liabilities - current	15,296	11,925
Other current liabilities	8,003	8,057
Total Current Liabilities	157,156	225,062
Other Credits:
Deferred income taxes	279,029	252,190
Investment tax credit - deferred	46,892	48,735
Regulatory liabilities	162,316	156,988
Accrued pension and other postretirement benefits	55,058	53,607
Asset retirement obligations	54,430	50,260
Finance lease liabilities	18,039	17,108
Other deferred liabilities and other	43,643	46,730
Total Other Credits	659,407	625,618
Capitalization:
Common shareholders' equity:
Common Stock - $1 par value - 75,000 shares authorized; 36,163 shares issued and outstanding	36,163	36,163
Additional paid-in capital	396,750	395,657
Retained earnings	707,160	649,854
Total Common Shareholders' Equity	1,140,073	1,081,674
Long-term debt	718,822	585,246
Total Capitalization	1,858,895	1,666,920
Commitments and contingencies (see Footnote 16)
Total Liabilities and Capitalization	$2,675,458	$2,517,600

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.