MGE ENERGY INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (unaudited)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Operating Activities: | ||
| Net income | $32,200 | $29,643 |
| Items not affecting cash: | ||
| Depreciation and amortization | 26,600 | 24,611 |
| Deferred income taxes | (784) | 5,679 |
| Provision for doubtful receivables | 2,200 | 441 |
| Employee benefit plan cost (credit) | 77 | (648) |
| Other items | 1,203 | (1,146) |
| Changes in working capital items: | ||
| Decrease in current assets | 17,746 | 27,758 |
| Decrease in accounts payable | (13,069) | (18,515) |
| Increase (decrease) in other current liabilities | 1,778 | (4,835) |
| Cash contributions to pension and other postretirement plans | (1,825) | (1,785) |
| Other noncurrent items, net | (1,092) | (5,224) |
| Cash Provided by Operating Activities | 65,034 | 55,979 |
| Investing Activities: | ||
| Capital expenditures | (44,771) | (47,556) |
| Other | (421) | (387) |
| Cash Used for Investing Activities | (45,192) | (47,943) |
| Financing Activities: | ||
| Cash dividends paid to parent by MGE | (14,000) | (12,500) |
| Distributions to parent from noncontrolling interest | (4,000) | (6,000) |
| Repayments of long-term debt | (1,274) | (20,542) |
| Issuance of long-term debt | — | 69,300 |
| Proceeds (repayments of) from short-term debt | 3,000 | (37,500) |
| Other | (554) | (1,296) |
| Cash Used for Financing Activities | (16,828) | (8,538) |
| Change in cash, cash equivalents, and restricted cash | 3,014 | (502) |
| Cash, cash equivalents, and restricted cash at beginning of period | 6,705 | 10,500 |
| Cash, cash equivalents, and restricted cash at end of period | $9,719 | $9,998 |
| Supplemental disclosures of cash flow information: | ||
| Significant noncash investing activities: | ||
| Accrued capital expenditures | $6,514 | $4,402 |
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