MGE ENERGY INC

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

About 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$80.19-0.1%Stored close · as of Nov 9, 2026

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Contents

Item 8. Consolidated Balance Sheets

Consolidated Balance Sheets

	As of December 31,
ASSETS	2023	2022
Current Assets:
Cash and cash equivalents	$2,819	$4,136
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	15,616	11,416
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	22,338	18,467
Regulatory assets - current	20,979	9,541
Other current assets	16,088	19,479
Total Current Assets	230,403	235,807
Regulatory assets	81,589	103,900
Pension and other postretirement benefit asset	93,896	68,872
Other deferred assets and other	20,780	24,817
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,018,149	1,865,380
Construction work in progress	110,091	105,748
Total Property, Plant, and Equipment	2,128,240	1,971,128
Investments	60	115
Total Assets	$2,554,968	$2,404,639
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	65,434	59,317
Accrued interest and taxes	9,325	7,912
Accrued payroll related items	15,888	13,064
Regulatory liabilities - current	15,296	11,925
Other current liabilities	6,502	6,062
Total Current Liabilities	155,591	223,094
Other Credits:
Deferred income taxes	244,634	219,258
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	45,930	47,957
Total Other Credits	627,299	593,913
Capitalization:
Common shareholder's equity:
Common Stock - $1 par value - 50,000 shares authorized; 17,348 shares outstanding	17,348	17,348
Additional paid-in capital	252,917	252,917
Retained earnings	633,460	583,958
Total Common Shareholder's Equity	903,725	854,223
Noncontrolling interest	149,531	148,163
Total Equity	1,053,256	1,002,386
Long-term debt	718,822	585,246
Total Capitalization	1,772,078	1,587,632
Commitments and contingencies (see Footnote 16)
Total Liabilities and Capitalization	$2,554,968	$2,404,639

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.