MGE ENERGY INC

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

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

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

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Contents

Item 8. Consolidated Balance Sheets

Consolidated Balance Sheets

	As of December 31,
ASSETS	2024	2023
Current Assets:
Cash and cash equivalents	$16,865	$2,819
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	10,063	15,616
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	18,359	22,338
Regulatory assets - current	8,522	20,979
Other current assets	14,740	16,088
Total Current Assets	223,304	230,403
Regulatory assets	36,764	81,589
Pension and other postretirement benefit asset	132,264	93,896
Other deferred assets and other	25,690	20,780
Property, Plant, and Equipment:
Property, plant, and equipment, net	2,149,165	2,018,149
Construction work in progress	138,208	110,091
Total Property, Plant, and Equipment	2,287,373	2,128,240
Investments	—	60
Total Assets	$2,705,395	$2,554,968
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt due within one year	$5,285	$5,146
Short-term debt	—	38,000
Accounts payable	77,453	65,434
Accrued interest and taxes	11,866	9,325
Accrued payroll related items	15,870	15,888
Regulatory liabilities - current	7,966	15,296
Other current liabilities	7,418	6,502
Total Current Liabilities	125,858	155,591
Other Credits:
Deferred income taxes	280,961	244,634
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	67,463	63,969
Total Other Credits	676,035	627,299
Capitalization:
Common shareholder's equity:
Common Stock - $1 par value - 50,000 shares authorized; 17,348 shares outstanding	17,348	17,348
Additional paid-in capital	283,667	252,917
Retained earnings	688,404	633,460
Total Common Shareholder's Equity	989,419	903,725
Noncontrolling interest	150,386	149,531
Total Equity	1,139,805	1,053,256
Long-term debt	763,697	718,822
Total Capitalization	1,903,502	1,772,078
Commitments and contingencies (see Footnote 16)
Total Liabilities and Capitalization	$2,705,395	$2,554,968

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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.