MGE ENERGY INC

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

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FY2024 · Filed Feb 25, 2025

MGEE$80.26+2.4%Stored close · as of Nov 6, 2026

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Contents

Consolidated Balance Sheets

	As of December 31,
ASSETS	2024	2023
Current Assets:
Cash and cash equivalents	$21,302	$11,140
Accounts receivable, less reserves of $6,905 and $6,537, respectively	51,277	46,734
Other accounts receivable, less reserves of $2,124 and $1,561, respectively	10,067	15,618
Unbilled revenues	35,833	33,181
Materials and supplies, at average cost	36,187	33,385
Fuel for electric generation, at average cost	11,521	13,423
Stored natural gas, at average cost	19,937	25,840
Prepaid taxes	18,390	22,310
Regulatory assets - current	8,522	20,979
Other current assets	14,229	15,587
Total Current Assets	227,265	238,197
Regulatory assets	36,764	81,589
Pension and other postretirement benefit asset	132,264	93,896
Other deferred assets and other	26,285	20,741
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,149,138	2,018,121
Construction work in progress	138,208	110,091
Total Property, Plant, and Equipment	2,287,346	2,128,212
Investments	118,035	112,823
Total Assets	$2,827,959	$2,675,458
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$5,285	$5,146
Short-term debt	—	38,000
Accounts payable	77,466	65,451
Accrued interest and taxes	11,558	9,372
Accrued payroll related items	15,870	15,888
Regulatory liabilities - current	7,966	15,296
Other current liabilities	7,418	8,003
Total Current Liabilities	125,563	157,156
Other Credits:
Deferred income taxes	316,397	279,029
Investment tax credit - deferred	44,988	46,892
Regulatory liabilities	163,336	162,316
Accrued pension and other postretirement benefits	50,155	55,058
Asset retirement obligations	69,132	54,430
Other deferred liabilities and other	64,553	61,682
Total Other Credits	708,561	659,407
Capitalization:
Common shareholders' equity:
Common Stock - $1 par value - 75,000 shares authorized; 36,490 and 36,163 shares issued and outstanding	36,490	36,163
Additional paid-in capital	429,515	396,750
Retained earnings	764,133	707,160
Total Common Shareholders' Equity	1,230,138	1,140,073
Long-term debt	763,697	718,822
Total Capitalization	1,993,835	1,858,895
Commitments and contingencies (see Footnote 16)
Total Liabilities and Capitalization	$2,827,959	$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.