MGE ENERGY INC

For the period ended Jun 30, 2024. Filed Aug 7, 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.

Jun 30, 2024 · Filed Aug 7, 2024

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

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Contents

Consolidated Balance Sheets (unaudited)

	June 30,	December 31,
ASSETS	2024	2023
Current Assets:
Cash and cash equivalents	$16,270	$11,140
Accounts receivable, less reserves of $5,844 and $6,537, respectively	42,962	46,734
Other accounts receivable, less reserves of $1,874 and $1,561, respectively	16,297	15,618
Unbilled revenues	27,856	33,181
Materials and supplies, at average cost	35,454	33,385
Fuel for electric generation, at average cost	13,190	13,423
Stored natural gas, at average cost	21,960	25,840
Prepaid taxes	17,929	22,310
Regulatory assets - current	16,032	20,979
Other current assets	14,280	15,587
Total Current Assets	222,230	238,197
Regulatory assets	66,376	81,589
Pension benefit asset	99,021	93,896
Other deferred assets and other	20,910	20,741
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,073,061	2,018,121
Construction work in progress	128,232	110,091
Total Property, Plant, and Equipment	2,201,293	2,128,212
Investments	114,812	112,823
Total Assets	$2,724,642	$2,675,458
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$5,215	$5,146
Short-term debt	59,800	38,000
Accounts payable	49,834	65,451
Accrued interest and taxes	10,234	9,372
Accrued payroll related items	12,560	15,888
Regulatory liabilities - current	21,803	15,296
Other current liabilities	8,631	8,003
Total Current Liabilities	168,077	157,156
Other Credits:
Deferred income taxes	287,160	279,029
Investment tax credit - deferred	45,940	46,892
Regulatory liabilities	150,122	162,316
Accrued pension and other postretirement benefits	55,634	55,058
Asset retirement obligations	71,724	54,430
Other deferred liabilities and other	61,896	61,682
Total Other Credits	672,476	659,407
Capitalization:
Common shareholders' equity	1,167,628	1,140,073
Long-term debt	716,461	718,822
Total Capitalization	1,884,089	1,858,895
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization	$2,724,642	$2,675,458

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.