MGE ENERGY INC

For the period ended Sep 30, 2024. Filed Nov 6, 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.

Sep 30, 2024 · Filed Nov 6, 2024

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

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Contents

Consolidated Balance Sheets (unaudited)

	September 30,	December 31,
ASSETS	2024	2023
Current Assets:
Cash and cash equivalents	$14,875	$11,140
Accounts receivable, less reserves of $5,565 and $6,537, respectively	44,626	46,734
Other accounts receivable, less reserves of $1,976 and $1,561, respectively	14,744	15,618
Unbilled revenues	25,925	33,181
Materials and supplies, at average cost	34,993	33,385
Fuel for electric generation, at average cost	11,295	13,423
Stored natural gas, at average cost	23,126	25,840
Prepaid taxes	13,674	22,310
Regulatory assets - current	12,291	20,979
Other current assets	14,776	15,587
Total Current Assets	210,325	238,197
Regulatory assets	66,186	81,589
Pension benefit asset	101,584	93,896
Other deferred assets and other	22,273	20,741
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,077,104	2,018,121
Construction work in progress	155,448	110,091
Total Property, Plant, and Equipment	2,232,552	2,128,212
Investments	116,405	112,823
Total Assets	$2,749,325	$2,675,458
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$5,250	$5,146
Short-term debt	48,500	38,000
Accounts payable	45,710	65,451
Accrued interest and taxes	10,479	9,372
Accrued payroll related items	14,739	15,888
Regulatory liabilities - current	16,465	15,296
Other current liabilities	8,462	8,003
Total Current Liabilities	149,605	157,156
Other Credits:
Deferred income taxes	299,728	279,029
Investment tax credit - deferred	45,464	46,892
Regulatory liabilities	151,657	162,316
Accrued pension and other postretirement benefits	56,363	55,058
Asset retirement obligations	72,226	54,430
Other deferred liabilities and other	63,749	61,682
Total Other Credits	689,187	659,407
Capitalization:
Common shareholders' equity	1,195,265	1,140,073
Long-term debt	715,268	718,822
Total Capitalization	1,910,533	1,858,895
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization	$2,749,325	$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.