MGE ENERGY INC

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

MGEE$79.72-0.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets (unaudited)

	March 31,	December 31,
ASSETS	2024	2023
Current Assets:
Cash and cash equivalents	$16,687	$11,140
Accounts receivable, less reserves of $8,152 and $6,537, respectively	45,342	46,734
Other accounts receivable, less reserves of $1,864 and $1,561, respectively	9,687	15,618
Unbilled revenues	32,775	33,181
Materials and supplies, at average cost	34,417	33,385
Fuel for electric generation, at average cost	13,563	13,423
Stored natural gas, at average cost	21,696	25,840
Prepaid taxes	14,348	22,310
Regulatory assets - current	20,037	20,979
Other current assets	13,193	15,587
Total Current Assets	221,745	238,197
Regulatory assets	80,643	81,589
Pension benefit asset	96,525	93,896
Other deferred assets and other	20,595	20,741
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,029,858	2,018,121
Construction work in progress	110,049	110,091
Total Property, Plant, and Equipment	2,139,907	2,128,212
Investments	114,661	112,823
Total Assets	$2,674,076	$2,675,458
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$5,180	$5,146
Short-term debt	41,000	38,000
Accounts payable	41,594	65,451
Accrued interest and taxes	7,601	9,372
Accrued payroll related items	12,422	15,888
Regulatory liabilities - current	25,804	15,296
Other current liabilities	6,054	8,003
Total Current Liabilities	139,655	157,156
Other Credits:
Deferred income taxes	283,421	279,029
Investment tax credit - deferred	46,416	46,892
Regulatory liabilities	157,272	162,316
Accrued pension and other postretirement benefits	55,279	55,058
Asset retirement obligations	55,532	54,430
Other deferred liabilities and other	60,072	61,682
Total Other Credits	657,992	659,407
Capitalization:
Common shareholders' equity	1,158,783	1,140,073
Long-term debt	717,646	718,822
Total Capitalization	1,876,429	1,858,895
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization	$2,674,076	$2,675,458

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.