MGE ENERGY INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
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
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Activities: | |||
| Net income | $112,299 | $112,370 | $105,492 |
| Items not affecting cash: | |||
| Depreciation and amortization | 108,581 | 100,352 | 85,549 |
| Deferred income taxes | (433) | 21,536 | 22,767 |
| Provision for doubtful receivables | 8,800 | 1,764 | 1,764 |
| Employee benefit plan (credit) cost | 606 | (5,796) | (8,142) |
| Other items | 2,247 | (241) | 672 |
| Changes in working capital items: | |||
| Accounts receivable and unbilled revenues | (6,582) | 11,130 | (16,697) |
| Inventories | 5,542 | (850) | (22,226) |
| Prepaid taxes | 3,979 | (3,871) | 912 |
| Other current assets | 9,983 | 5,032 | (3,774) |
| Accounts payable | 6,495 | (5,209) | 5,104 |
| Deferred income taxes | 18,501 | — | — |
| Accrued interest and taxes | 2,540 | 1,413 | (2,737) |
| Other current liabilities | (2,397) | (3,272) | (2,541) |
| Cash contributions to pension and other postretirement plans | (7,722) | (7,747) | (7,308) |
| Other noncurrent items, net | 10,514 | 5,211 | (7,768) |
| Cash Provided by Operating Activities | 272,953 | 231,822 | 151,067 |
| Investing Activities: | |||
| Capital expenditures | (236,925) | (222,071) | (175,030) |
| Other | (2,088) | (1,956) | (1,065) |
| Cash Used for Investing Activities | (239,013) | (224,027) | (176,095) |
| Financing Activities: | |||
| Cash dividends paid to parent by MGE | (34,500) | (41,000) | (33,500) |
| Distributions to parent from noncontrolling interest | (22,000) | (20,500) | (22,000) |
| Capital contribution from parent | 30,750 | — | — |
| Repayment of long-term debt | (5,146) | (54,314) | (4,889) |
| Issuance of long-term debt | 50,000 | 139,300 | 25,000 |
| (Repayments of) proceeds from short-term debt | (38,000) | (32,500) | 65,000 |
| Other | (1,690) | (2,576) | (1,881) |
| Cash (Used for) Provided by Financing Activities | (20,586) | (11,590) | 27,730 |
| Change in cash, cash equivalents, and restricted cash | 13,354 | (3,795) | 2,702 |
| Cash, cash equivalents, and restricted cash at beginning of period | 6,705 | 10,500 | 7,798 |
| Cash, cash equivalents, and restricted cash at end of period | $20,059 | $6,705 | $10,500 |
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