MGE ENERGY INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
View on SEC.govAbout this filing
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$79.72-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
ments of Cash Flows
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating Activities: | |||
| Net income | $117,699 | $110,952 | $105,761 |
| Items not affecting cash: | |||
| Depreciation and amortization | 100,352 | 85,549 | 76,983 |
| Deferred income taxes | 22,999 | 23,435 | 4,837 |
| Provision for doubtful receivables | 1,764 | 1,764 | 1,550 |
| Employee benefit plan (credit) cost | (5,796) | (8,142) | (2,203) |
| Equity earnings in investments | (10,631) | (9,136) | (9,270) |
| Other items | (388) | (1,535) | 120 |
| Changes in working capital items: | |||
| Accounts receivable and unbilled revenues | 11,174 | (16,726) | (24,651) |
| Inventories | (850) | (22,226) | (6,342) |
| Prepaid taxes | (3,178) | 1,082 | (5,035) |
| Other current assets | 5,028 | (3,729) | (192) |
| Accounts payable | (5,208) | 5,102 | 2,729 |
| Other current liabilities | (2,264) | (5,562) | (6,734) |
| Dividends from investments | 8,508 | 7,090 | 7,832 |
| Cash contributions to pension and other postretirement plans | (7,747) | (7,308) | (6,935) |
| Other noncurrent items, net | 6,099 | (6,875) | (923) |
| Cash Provided by Operating Activities | 237,561 | 153,735 | 137,527 |
| Investing Activities: | |||
| Capital expenditures | (222,071) | (175,030) | (153,169) |
| Capital contributions to investments | (6,995) | (5,185) | (4,027) |
| Other | (954) | 70 | 221 |
| Cash Used for Investing Activities | (230,020) | (180,145) | (156,975) |
| Financing Activities: | |||
| Cash dividends paid on common stock | (60,393) | (57,500) | (54,788) |
| Repayment of long-term debt | (54,314) | (4,889) | (4,771) |
| Issuance of long-term debt | 139,300 | 25,000 | 100,000 |
| (Repayments of) proceeds from short-term debt | (32,500) | 65,000 | (47,000) |
| Other | (2,576) | (2,068) | (2,197) |
| Cash (Used for) Provided by Financing Activities | (10,483) | 25,543 | (8,756) |
| Change in cash, cash equivalents, and restricted cash | (2,942) | (867) | (28,204) |
| Cash, cash equivalents, and restricted cash at beginning of period | 17,968 | 18,835 | 47,039 |
| Cash, cash equivalents, and restricted cash at end of period | $15,026 | $17,968 | $18,835 |
| Supplemental Disclosures of Cash Flow Information: | |||
| Interest paid | $29,526 | $25,957 | $23,502 |
| Income taxes paid, net | $9,800 | $3,166 | $4,000 |
| Significant noncash investing activities: | |||
| Accrued capital expenditures | $17,247 | $5,970 | $14,414 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.