MGE ENERGY INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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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.
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Madison Gas and Electric Company. Consolidated Statements of Income
Consolidated Statements of Income
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating Revenues: | |||
| Electric revenues | $490,419 | $465,847 | $420,964 |
| Gas revenues | 200,012 | 248,672 | 185,620 |
| Total Operating Revenues | 690,431 | 714,519 | 606,584 |
| Operating Expenses: | |||
| Fuel for electric generation | 57,627 | 61,329 | 54,633 |
| Purchased power | 41,224 | 46,821 | 39,395 |
| Cost of gas sold | 106,647 | 152,570 | 99,690 |
| Other operations and maintenance | 214,897 | 209,007 | 198,552 |
| Depreciation and amortization | 100,352 | 85,549 | 76,983 |
| Other general taxes | 22,301 | 20,627 | 19,269 |
| Total Operating Expenses | 543,048 | 575,903 | 488,522 |
| Operating Income | 147,383 | 138,616 | 118,062 |
| Other income, net | 21,365 | 17,626 | 9,121 |
| Interest expense, net | (30,651) | (26,687) | (24,153) |
| Income before income taxes | 138,097 | 129,555 | 103,030 |
| Income tax provision | (25,727) | (24,063) | (2,248) |
| Net Income | $112,370 | $105,492 | $100,782 |
| Less Net Income Attributable to Noncontrolling Interest, net of tax | (21,868) | (21,576) | (22,391) |
| Net Income Attributable to MGE | $90,502 | $83,916 | $78,391 |
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